Tokio Marine Property Investment Management, Inc. (Tokio Marine PIM) was established in February 2003 as a member of the Tokio Marine Group.

Tokio Marine PIM is unique as the sole real estate investment advisor belonging to a Japanese insurance group. Tokio Marine PIM manages private funds with diverse risk and return profiles and portfolios comprised of offices, rental housing, retail properties, hotels and other property groups. This scope of funds enables Tokio Marine PIM to proactively meet the diverse needs of our clientele by capturing a broad panorama of real estate opportunities.

Tokio Marine PIM has a corporate philosophy that places integrity first and foremost and is convinced this is essential to fulfilling two key corporate policies: "Providing optimal choices to our investor clients" and "Developing healthy and sound capital markets".

One key element we have developed as a member of the Tokio Marine Group is a research and risk analysis skill distinct to insurance groups. Tokio Marine PIM applies these skills to gain a clear discernment of future market trends that enables us to select optimal opportunities as we manage client assets.

We are committed to meeting our clients' demands for "trust" and "promise" in our asset management and will resolutely refine our skills as we continue on a path of success.

Masashi Hirano
President & Chief Exective Officer
Tokio Marine Property Investment Management, Inc.