Asahi Kasei Homes Corporation (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yuji Daiwa, hereinafter "Asahi Kasei Homes") and Asahi Kasei Homes Asset Management Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Naoki Hata, hereinafter "Asahi Kasei Homes Asset Management") are pleased to announce that they have established the First Real Estate Private Fund, managed by Asahi Kasei Homes Asset Management, and commenced operations on June 30. 1. Investment Target The investment properties for this fund consist of "Heim" steel-frame buildings, which use "ALC Concrete - Hebel," a building material with excellent durability and disaster resistance. By ensuring long-term building durability through maintenance systems such as the Long Life Program, which reduce maintenance effort and costs, we aim to supply highly valuable real estate and contribute to long and fulfilling lives tailored to the residents' lifestyles. 2. Overview of the First Real Estate Private Fund Establishment Date: June 30, 2026 Name: Heim Building 1st LLC Asset Size: Approximately 3.83 billion yen Target Assets: Residential buildings (Heim buildings) in the Tokyo metropolitan area Asset Manager: Asahi Kasei Homes Asset Management Co., Ltd. Overall Scheme Image Diagram 3. Overview of Target Properties 4. Background of the Initiative Asahi Kasei Homes established Asahi Kasei Homes Asset Management in October 2024 with the aim of expanding its investment and development business. Through this, we aim to establish a system that increases capital turnover efficiency by handling the entire process in-house: acquiring real estate, enhancing its value, and then recovering funds through sales and rentals for reinvestment. Asahi Kasei Homes Asset Management completed its registration as a financial instruments business operator (Kanto Local Finance Bureau (Kinsho) No. 3476 (Investment Advisory and Agency Business)) in June 2025, and has now established and commenced operations of its first real