Apartment buildings under master sublease contracts with Leopalace21 are available nationwide
　Studios for which we have subcontracted construction and have carried out maintenance and administration are located all over Japan, totaling some 388 thousand units. These studios were built in areas where we estimated reasonable potential demand based on thorough market research, in order to meet needs of prospective tenants. We are the only industry player with this many studios nationwide.

●Number of apartments managed by area (at end-March 2007) .

Domestic network of 276 Leopalace Centers
　Visitors to Leopalace Centers at 276 locations nationwide can search real-time for studios using our online network. For example, a person who lives in Tokyo can look for the most up-todate information about studios for lease available in other areas such as Hokkaido and Kyushu, apply for the apartment, and sign the contract on the spot. The nationwide sales center network combined with our online network guarantees our ability to meet a variety of needs among prospective corporate and individual tenants.

●Number of Leopalace Centers by area (at end-March 2007)