Nippon Building Fund Inc. http://www.alacrastore.com/company-snapshot/Nippon_Building_Fund_Inc-2547887 Sunday, October 12, 2008 4:54:31 AM 2547887 Nippon Building Fund Inc. en AlacraStore RSS Builder 1.0 30 JAPAN - Nippon Building Fund Inc agreed to acquire the real estate beneficiary rights of an office building, Ohtemachi Tatemono Building Minato-Ku, Tokyo, for ## bil Japanese yen ($###.####mil US), from . Endeavor Private Fund.8/5/2008 1:35:15 PM65373A67773J65373A29697KNippon Building Fund IncOhtemachi Tatemomo Aoyama Building, Minato-Ku, TokyoNippon Building Fund IncEndeavor Private Fundhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Nippon_Building_Fund_Inc_acquires_Ohtemachi_Tatemomo_Aoyama_Bldg_from_Endeavor_Private_Fund-2001189040sdc/20011890402001189040Copyright © 2008, Thomson Financial, All Rights ReservedTokyoInvestment & Commodity Firms,Dealers,ExchangesJapanReal estate investment trusts6798FFForeignPublic89516798:Real estate investment trusts6798:Real estate investment trustsReal Estate; Mortgage Bankers and BrokersJapanOperators of nonresidential buildings6512FFForeignSubsidiary738132002Real estate investment trustPrivate equity fundCashCash OnlyAssets1032271001Aug 5 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.00000Nippon Building Fund Inc,headquartered in Tokyo, Japan,operates a closed-end fundinvesting in real estate,trust beneficiary certificatesand securities. As of30-Jun-2005, the Company held47 office buildings and otherproperties in the centre ofTokyo, surrounding areas andother cities in Japan. It wasestablished in March 2001 andlisted on the Tokyo StockExchange 'J-REIT' Section inSeptember 2001. The Company'sassets are managed by NipponBuilding Fund Management Ltd.Nippon Building Fund Inc, headquartered in Tokyo, Japan,operates a closed-end fund investing in real estate, trustbeneficiary certificates and securities. As of 30-Jun-2005,the Company held 47 office buildings and other properties inthe centre of Tokyo, surrounding areas and other cities inJapan. It was established in March 2001 and listed on theTokyo Stock Exchange 'J-REIT' Section in September 2001. TheCompany's assets are managed by Nippon Building FundManagement Ltd.Nippon Building Fund Inc, headquartered in Tokyo, Japan, operates a closed-end fund investing in real estate, trust beneficiary certificates and securities. As of 30-Jun-2005, the Company held 47 office buildings and other properties in the centre of Tokyo, surrounding areas and other cities in Japan. It was established in March 2001 and listed on the Tokyo Stock Exchange 'J-REIT' Section in September 2001. The Company's assets are managed by Nippon Building Fund Management Ltd.1.000002.000003.000004.000005.00000Ohtemachi Tatemomo AoyamaBuilding, Minato-Ku, Tokyo,located in Tokyo, Japan, is anoffice building, housingoffices and car parking space.Ohtemachi Tatemomo Aoyama Building, Minato-Ku, Tokyo,located in Tokyo, Japan, is an office building, housingoffices and car parking space.Ohtemachi Tatemomo Aoyama Building, Minato-Ku, Tokyo, located in Tokyo, Japan, is an office building, housing offices and car parking space.0.000000.000000.000000.00000NJapanese Yen31 Jul 08Thu, 31 Jul 2008 00:00:00 ESTDate Announced: 07/31/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000031000 Japanese Yen31000.000000.0000031000 Japanese Yen31000.000000.000000.000000.000000.0000031000.0000031000 Japanese Yen0.00900N144.943000.000000.000000.000000.000000.00000287.49400287.494000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000006599.284000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000JAPAN - Nippon Building FundInc agreed to acquire the realestate beneficiary rights ofan office building, OhtemachiTatemono Building Minato-Ku,Tokyo, for 31 bil Japanese yen($287.4947mil US), from .Endeavor Private Fund.JAPAN - Nippon Building Fund Inc agreed to acquire the real estate beneficiary rights of an office building, Ohtemachi Tatemono Building Minato-Ku, Tokyo, for 31 bil Japanese yen ($287.4947mil US), from . Endeavor Private Fund.JAPAN - Nippon Building Fund Inc agreed to acquire the real estate beneficiary rights ofan office building, Ohtemachi Tatemono Building Minato-Ku, Tokyo, for 31 bil Japanese yen($287.4947mil US), from . Endeavor Private Fund.JAPAN - Nippon Building Fund Inc agreed to acquire the real estate beneficiary rights of an office building, Ohtemachi Tatemono Building Minato-Ku, Tokyo, for 31 bil Japanese yen ($287.4947mil US),from . Endeavor Private Fund.JAPAN - Nippon Building Fund Inc agreed to acquire the real estate beneficiary rights of an office building, Ohtemachi Tatemono BuildingMinato-Ku, Tokyo, for 31 bil Japanese yen ($287.4947mil US), from . Endeavor Private Fund.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006512:Operators of nonresidential buildings738132002TokyoJapan6798ForeignPublic89516726:Investment offices, nec6799:Investors, nec1032265001Japan6726ForeignPrivate287.4940031000.00000287.49400144.94300Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/spcred/661805spcred/661805normThe latest Summary from S&Pglobalstructured7/28/2008 4:25:02 AM175Summary661805JapanOffice REIT'sAsiaGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesSummaryNippon Building Fund Inc. (NBF) boasts the largest asset portfolio among listed Japanese real estate investment trusts (J-REITs), giving it a strong business position in the J-REIT market. Its main sponsors are: Mitsui Fudosan Co. Ltd. (BBB+/Stable/A-2) and Sumitomo Life Insurance Co. (BBB+/Stable/--). NBF's portfolio, which consists of well-maintained office buildings with high occupancy rates, generates stable cash flow. The company has high financial flexibility and a solid financial profile. As of June 30, 2008, NBF owned 58 office buildings throughout Japan, most of which are located in Tokyo's central business districts and other Greater Tokyo areas. The total purchase price of these properties is about ¥725.2 billion. In the first half of 2008, NBF invested a combined ¥55.2 billion,JPN40402040 404020 4040 40Nippon Building Fund Inc.361629ASIA8951@JPSUMMARYGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/661803spcred/661803normThe latest Full Report from S&Pglobalstructured7/28/2008 4:25:00 AM400Full Report661803JapanOffice REIT'sAsiaGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesFull ReportThe ratings on Nippon Building Fund Inc. (NBF) are based on the following factors: The highly regulated nature of Japanese real estate investment trusts (J-REITs); Strong business position backed by strong real estate management and development capabilities of its sponsors; The high quality of its sizable real estate portfolio, which is well diversified and generates stable cash flows; Its solid financial profile based on its relatively conservative financial policy; Its track record in financial management based on its ability to control leverage; Strong financial flexibility achieved by securing various funding methods and strong liquidity; and The strong real estate management capabilities of Nippon Building Fund Management Japan (NBFM), its asset management firm. NBF boasts the largest asset portfolio among listedJPN40402040 404020 4040 40Nippon Building Fund Inc.361629ASIA8951@JPFULLGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_156704_820409027moodys/PR_156704_820409027htmlGlobal Credit Research Announcement # JUN #### Announcement: Nomura Real Estate Residential Fund, Inc. Moody's sees stable outlook for J-REITs Tokyo, June ##, #### -- Moody's Investors Service says in a new report, "Industry Outlook:...6/6/2008 12:54:05 AMhtmlNomura Real Estate Residential Fund, Inc.Japan Hotel and Resort, Inc.Nippon Commercial Investment CorporationNippon Accommodations Fund Inc.Japan Logistics Fund, Inc.Top REIT, Inc.Frontier Real Estate Investment CorporationHankyu REIT, Inc.United Urban Investment CorporationMori Hills Reit Investment CorporationJapan Excellent, Inc.Kenedix Realty Investment CorporationNew City Residence Investment CorporationGlobal One Real Estate Investment CorporationTOKYU REIT, Inc.Premier Investment CorporationNippon Residential Investment CorporationJapan Retail Fund Investment CorporationNomura Real Estate Office Fund, Inc.Japan Prime Realty Investment CorporationNippon Building Fund Inc.Japan Real Estate Investment CorporationFrontier Real Estate Investment Corporation; Global One Real Estate Investment Corporation; ...820409027815017962815017954815017951809794780809591586809266504809266477809266473809266465809266459809239801809080851808715463808715121808535106808315968807847207807689373807350370600065383600064135150.0000NewsAnnouncementPR_156704_820409027Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/641298spcred/641298normThe latest News from S&P4/7/2008 4:30:51 AMNews100globalstructured641298JapanOffice REIT'sAsiaGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesNewsTOKYO (Standard&Poor's) April 7, 2008--Standard&Poor's Ratings Services today affirmed its 'A+' long-term and 'A-1' short-term corporate credit ratings on Nippon Building Fund Inc. (NBF). At the same time, Standard&Poor's affirmed its 'A+' ratings on NBF's outstanding senior unsecured bonds, series 3 through 10. The outlook on the long-term rating remains stable. The rating on NBF reflects its strong business position, high asset quality, and moderately conservative financial profile. The entity boasts the largest portfolio asset size among Japan's listed real estate investment trusts (J-REITs), and has a solid business position. Its major sponsors are Mitsui Fudosan Co. Ltd. (BBB+/Stable/A-2) and Sumitomo Life Insurance Co. (BBB+/Stable/--). NBF owns a portfolio of well-maintained office buildings withJPN40402040 404020 4040 40Nippon Building Fund Inc.361629ASIA8951@JPNEWSGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_149211_820409027moodys/PR_149211_820409027htmlMoody's: Credit quality of rated J-REITs remains stableAnnouncement2/16/2008 12:23:18 AMNomura Real Estate Residential Fund, Inc.820409027150.0000Newshtml815017962Japan Hotel and Resort, Inc.815017954Nippon Commercial Investment Corporation815017951Nippon Accommodations Fund Inc.809794780Japan Logistics Fund, Inc.809591586Top REIT, Inc.809266504Frontier Real Estate Investment Corporation809266477Hankyu REIT, Inc.809266473United Urban Investment Corporation809266465Mori Hills Reit Investment Corporation809266459Japan Excellent, Inc.809239801Kenedix Realty Investment Corporation809080851New City Residence Investment Corporation808715463Global One Real Estate Investment Corporation808715121TOKYU REIT, Inc.808535106Premier Investment Corporation808315968Nippon Residential Investment Corporation807847207Japan Retail Fund Investment Corporation807689373Nomura Real Estate Office Fund, Inc.807350370Japan Prime Realty Investment Corporation600065383Nippon Building Fund Inc.600064135Japan Real Estate Investment CorporationFrontier Real Estate Investment Corporation; Global One Real Estate Investment Corporation; ...PR_149211_820409027Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_600065383moodys/COP_600065383htmlCredit Opinion1/4/2008 2:20:34 AMGlobal Credit Research Credit Opinion # SEP #### Credit Opinion: Nippon Building Fund Inc. Nippon Building Fund Inc. Tokyo, Japan Ratings Category Moody's Rating Outlook Stable Issuer Rating -Dom Curr A# Senior Unsecured -Dom Curr...Nippon Building Fund Inc.600065383150.0000NewshtmlNippon Building Fund Inc.COP_600065383Credit & Investment ResearchMoody's Global Credit Research