The total number of authorized investment units and the total number of investment units issued of MORI TRUST Hotel Reit are as follows:

Unitholders' capital	50,000,000 thousand yen
Total number of authorized investment units	10,000,000 units
Total number of investment units issued	500,000 units

The changes in the unitholders' capital and the total number of investment units issued of MORI TRUST Hotel Reit since its foundation are as follows:

Date	Remarks	Unitholders' capital (thousands of yen)		Total number of investment units issued (units)
		Increase	Balance	Increase	Balance
January 15, 2016	Private placement for incorporation	100,000	100,000	1,000	1,000
June 1, 2016	Private placement	49,900,000	50,000,000	499,000	500,000

Name	Number of units owned (units)	Ownership ratio (%)
Mori Trust Holdings Inc.	184,000	36.80
Custody Bank of Japan, Ltd. (Trust Account)	76,657	15.33
The Master Trust Bank of Japan, Ltd. (Trust Account)	33,972	6.79
The Nomura Trust and Banking Co., Ltd. (Investment Trust Account)	13,143	2.63
SSBTC CLIENT OMNIBUS ACCOUNT	7,246	1.45
Custody Bank of Japan, Ltd. (Securities Investment Trust Account)	6,917	1.38
The Chugoku Bank, Ltd.	4,061	0.81
THE BANK OF NEW YORK MELLON 140044	3,751	0.75
Aozora Bank, Ltd.	3,505	0.70
Custody Bank of Japan, Ltd. (Cash in Trust Taxable account)	3,482	0.70

(Note)	The ownership ratio is rounded to the nearest two decimal places.