Advance Residence Investment Corporation is a Japan-based real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Company primarily invests in residential real estate properties located in central Tokyo, the Tokyo metropolitan area and ordinance-designated cities. As of July 31, 2012, the top 10 investments, based on acquisition price, of the Fund were RESIDIA TOWER Meguro-Fudomae, Pacific Royal Court Minato Mirai Ocean Tower, Park Tower Shibaura Bayward Urban Wing, Motoazabu Place, RESIDIA Daikanyama- Sarugakucho/Daikanyama Parkside Village, RESIDIA TOWER Roppongi, RESIDIA Nishi-Azabu, RESIDIA TOWER Azabujuban, RESIDIA Nihonbashi-Bakurocho, and RESIDIA Mejiro-Otomeyama. The asset manager of the Fund is AD Investment Management Co., Ltd.