Board of Directors

About JRFMENU

About JRF

Board of Directors

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Name	Job title	Career summary
Shuichi Namba	Executive Director	April 1984	Registered as a lawyer, Ozaki & Momo-o Law Firm
		September 1986	Columbia University Law School, USA
		September 1987	Employed by Weil, Gotshal & Manges LLP
		February 1988	Registered as a lawyer in New York State, USA
		June 1988	Bankers Trust Bank
		December 1988	Registered as a lawyer in California State, USA
		April 1989	Partner of Momo-o, Matsuo & Namba Law Firm (present post)
		February 1998	Sanshin Corporation, Non-standing Corporate Auditor
		September 2001	Japan Retail Fund Investment Corporation, Supervisory Director
		June 2002	Itochu Enex Co. Ltd, Non-standing Corporate Auditor
		December 2011	Japan Retail Fund Investment Corporation, Executive Director (present post)

This table can be scrolled sideways.

Name	Job title	Career summary
Masahiko Nishida	Supervisory Director	November 1998	Joined the Chuo Coopers & Lybrand Consulting Co., Ltd
		February 2001	Joined the Asahi Arthur Andersen Limited
		April 2003	Joined the Arcadia Group Limited
		April 2005	Joined Tokyo International Audit Corporation, Registered as a Certified Public Accountant in Japan
		December 2005	WebCrew. Inc, Non-Standing Corporate Auditor
		January 2007	Marks Group Co., Ltd., President (present post)
		December 2008	Nihon Falcom Corporation, Non-Standing Corporate Audito
		January 2010	Japan Retail Fund Investment Corporation, Supervisory Director (present post)
		June 2012	ShineWing Tokyo LLC, Non-Standing Member
		November 2012	Registered as a Certified Public Accountant in USA

This table can be scrolled sideways.

Name	Job title	Career summary
Masaharu Usuki	Supervisory Director	April 1981	Joined The Long-term Credit Bank of Japan, Ltd.
		April 1994	Transferred to LTCB Research Institute Inc.
		October 1998	Joined NLI Research Institute
		October 2000	Part-time Lecturer at the Graduate School of International Management of International University of Japan
		April 2003	Guest Professor at ChuoGraduate School of International Accounting
		October 2003	Guest Professor at Graduate School of Economics of Senshu University
		April 2005	Part-time Lecturer at Waseda University Graduate School of Finance
		April 2011	Professor at Graduate School of Economics of Nagoya City University (present post)
		December 2011	Japan Retail Fund Investment Corporation, Supervisory Director (present post)
		June 2020	Sanyo Special Steel Co., Ltd. Outside Director (present post)

This table can be scrolled sideways.

Name	Job title	Career summary
Keita Araki	Alternate Executive Director	April 1992	Nomura Real Estate Development Co., Ltd. Housing Sales Division
		August 1998	Nomura Real Estate Development Co., Ltd. International Division
		March 2001	The Toyo Trust and Banking Company, Limited (presently, Mitsubishi UFJ Trust and Banking Corporation)
		December 2001	Nomura Real Estate Development Co., Ltd. Corporate Real Estate Service Division
		March 2003	Asset Management Department, Mitsubishi Corp.-UBS Realty Inc.
		January 2010	Acquisition Department, Retail Division, Mitsubishi Corp.-UBS Realty Inc.
		September 2013	Head of Acquisition Department, Retail Division, Mitsubishi Corp.-UBS Realty Inc.
		February 2015	Deputy Head of Retail Division and Head of Asset Management Department, Retail Division, Mitsubishi Corp.-UBS Realty Inc.
		August 2015	Head of Retail Division, Mitsubishi Corp.-UBS Realty Inc. (present post)
		December 2015	Executive officer, Mitsubishi Corp.- UBS Realty Inc. (present post)

This table can be scrolled sideways.

Name	Job title	Career summary
Takuya Machida	Alternate Executive Director	April 2006	Real Property Business Department, Sumitomo Trust Bank, Limited (current Sumitomo Mitsui Trust Bank, Limited)
		October 2006	Real Property Sales Department, Sumitomo Trust Bank, Limited (current Sumitomo Mitsui Trust Bank, Limited)
		February 2008	Seconded to Top Reit Asset Management
		November 2011	Real Property Management Department, Retail Division, Mitsubishi Corp.-UBS Realty Inc.
		July 2012	Portfolio Management Department, Retail Division, Mitsubishi Corp.-UBS Realty Inc
		April 2013	Finance Department, Mitsubishi Corp.-UBS Realty Inc.
		June 2014	Planning & Coordination Department Retail Division, and Finance Department, Corporate Planning Division, Mitsubishi Corp.-UBS Realty Inc.
		May 2016	Planning & Coordination Department, Retail Division, Mitsubishi Corp.-UBS Realty Inc.
		April 2019	Deputy Head of Planning & Coordination Department, Retail Division, Mitsubishi Corp.-UBS Realty Inc.
		April 2020	Head of Planning & Coordination Department, Retail Division, Mitsubishi Corp.-UBS Realty Inc. (present post)

This table can be scrolled sideways.

Name	Job title	Career summary
Shuhei Murayama	Alternate Supervisory Director	April 1972	Tohmatsu Awoki & Co. (presently Deloitte Touche Tohmatsu LLC)
		March 1976	Registered as a Certified Public Accountant
		August 1978	Tohmatsu Awoki & Co. (presently Deloitte Touche Tohmatsu LLC), Los Angeles office
		July 1986	Partner of Tohmatsu Awoki & Co. (presently Deloitte Touche Tohmatsu LLC)
		August 1993	Tohmatsu & Co. (presently Deloitte Touche Tohmatsu LLC), New York office
		August 1996	Tohmatsu & Co. (presently Deloitte Touche Tohmatsu LLC), Naha office
		August 2000	Tohmatsu & Co. (presently Deloitte Touche Tohmatsu LLC), Tokyo office
		August 2011	President of Shuhei Murayama CPA office (present post) External director of Oracle Corporation Japan
		February 2015	External auditor of Nippon FILCON Co., Ltd. (present post)
		July 2019	Auditor of Hoshi University(present post)

None of our directors holds any of our units. We have not entered into any transactions with any of our directors.

Employees of the Fund

Pursuant to the Investment Trust Law, J-REITs are prohibited from having employees and, as such, are required to outsource various functions relating to their operations (e.g. asset management, custody and other administrative functions) to third-party service providers. Accordingly, our Fund does not have any employees.