LaSalle REIT Advisors

LaSalle REIT Advisors is the asset manager of LaSalle LOGIPORT REIT

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Greetings

LaSalle REIT Advisors K.K. ("LRA"), is the asset manager to LaSalle LOGIPORT REIT ("LLR") which is a logistics focused J-REIT. LRA is a part of LaSalle Investment Management ("LaSalle Group"). LRA's direct parent company is LaSalle Investment Management K.K. ("LIM K.K."), which is the LaSalle Group's Japan based corporate entity established in 2001. LIM K.K. and the LaSalle Group are expanding upon its global real estate asset management businesses that currently operates out of 17 countries.

Since its inception, LIM K.K., through its various private real estate fund vehicles, has managed a wide exposure to multiple real estate sectors including office, retail, logistics and residential, totaling an investment track record in excess of JPY1.1 trillion. Within this, as it relates specifically to logistics real estate, the Japan platform quickly focused on the growth potential to this market, lending itself to become a pioneer and market leader in the acquisition, development, leasing and management of advanced logistics facilities since the nascent days in this industry. To date, LIM K.K. has worked on logistics real estate on a scale that exceeds a total gross floor area of 3.4 million square meters (1.0 million tsubo or 36.6 million Sq.Ft.)

In unison with utilizing the LaSalle Group's global real estate investment knowledge as a guide, LRA intends to fully leverage off of the logistics related intellectual expertise it has cultivated in Japan, and will incorporate this investor-oriented mind set as the asset manager to LLR. LRA would like to express how it is up for the challenge to meet everyone's expectations as the asset manager, by managing assets with a long-term investment view that will ensure sustained improvements toward unitholder values of LLR.

LaSalle REIT Advisors K.K.
President and CEO
Toshimitsu Fujiwara

Management Policy

LRA, as a real estate specialized asset management company, is a member of LaSalle Investment Management, a company that is proud to be one of the world's pre-eminent firms in this space with years of experience. LRA aims to build long term relationships which are based upon trust from its investor base, whom are its clients. Devoted to investor-oriented asset management, LRA strives to provide superior management performance and client service.

LRA, borne with asset management responsibilities on behalf of a LLR, inherits the management philosophy of the LaSalle Group. By leveraging off of the sustained operational support through its global real estate investment expertise along with its wealth of development and investment experience in Japanese logistics facilities, LRA strives to enhance unitholders value of LLR.

Corporate Overview

Trademark Name LaSalle REIT Advisors K.K.
Date Established March 18, 2002
Paid in Capital JPY 164,500,000
Shareholder LaSalle Investment Management K.K. 100%
Directors President and CEO Toshimitsu Fujiwara
Director Toshikazu Urushibata
Director Daisuke Ishida
Non-Executive Director Keith Takashi Fujii
Non-Executive Director Marnie Elizabeth Prater
Financial Instruments Business Registration Number Director of the Kanto Local Financial Bureau No. 2863
A member of the General Investment Trust Association
Realty business license License Number: Governor of Tokyo (2) No. 97862
Discretionary trading agency approval Authorization Number: Minister of Land, Infrastructure and Transport approved No. 92

Organizational Structure

Organizational Structure

Employee Initiatives

LRA's Policy

Employees are the foundation of all activities at LRA. We aim to create such an organization and workplace culture that respects diversity, evaluates/rewards individual abilities, harnesses growth for skills to respond to future challenges, and fosters employee health/well-being. We will also remain competitive in the marketplace by attracting and retaining talented individuals to be able to provide the highest level of service for our shareholders.

Philosophy toward working conditions and workplace safety

LRA will not expose its employees to unfair working conditions or threats to safety such as the following:

Payment of wages below fair amounts and working under inhumane conditions
Require working hours in excess of statutory upper limits or force to work overtime with inadequate compensation
Engage in an environment that threatens mental/physical health and safety
Engage in linguistic violence, intimidation, discrimination such as sex and gender, and other harassment/bullying

The following channels are open to all officers and employees if whistleblowing is necessary. Reports can be made anonymously. In addition, we promise to keep confidentiality of the reported content as much as possible.

Direct contact with the Compliance Officer
Ethics help line operated by an external organization
Online reports from the intranet to external organizations

Diversity of Employees

LRA believes that by fostering and maintaining a culture that respects the diverse backgrounds, perspectives, and contributions of each employee, LRA and its employees can maximize their potential and generate better results.

Status of Employees

Number of officers
and employees(※1)
Number of directors(※2) Number of managerial
staff(※3)
Temporary workers
(※4)
Total Number of
female
employees
Percentage
of female
employees
Total Number of
female
employees
Percentage
of female
employees
Total Number of
female
employees
Percentage
of female
employees
Total Number of
female
employees
Percentage
of female
employees
FY2020 17 6 35.3% 6 2 33.3% 4 1 25.0% 1 1 100.0%
※1 : Number of officers and employees (including part-time officers and employees) as of the end of the relevant fiscal year
※2 : Number of directors and audit & supervisory board members (including Non-Executive Officers) as of the end of the relevant fiscal year
※3 : Number of managers of the relevant departments (including compliance officers) as of the end of the relevant fiscal year
※4 : Number of temporary employees at the end of the relevant fiscal year

Establishment of a Diversity and Inclusion Committee

In 2020, LaSalle’s Diversity and Inclusion Committee was established in the Asia-Pacific region. Under the following basic policies promoted by this committee, LRA will meet the expectations of its shareholders through sustainable growth based on diversity and mutual respect.

Charity & Community (Contributing to local communities)
Diversity and Inclusion (Growth through acceptance of diversity and mutual respect)
Wellbeing (mental and physical health and an orientation toward a fulfilling life)

Training and development

LRA emphasizes the importance of the development of its employees. We support the improvement of employees' abilities and growth throughout their careers, from when they join the company to becoming senior members.

Training Programs

Training content Subject Personnel Implementation timing Training length
FY2020 Security awareness training All full-time officers and employees Jul-2020 1 hour
Basic training for personnel management All full-time officers and employees Jul-2020 1 hour
Sustainability training (4 times in total) All full-time officers and employees Nov-2020 1 hour each
On-boarding training for new employees New employees From time to time 10 hours

Status of qualifications

Employees are entitled to receive assistance from LRA with respect to the expenses required for obtaining certain qualifications/licenses (such as a real estate brokerage license, ARES certified securitization master, real estate appraisers license, and certified public accountants license). LRA supports employees with the expenses required to register and maintain such qualifications.

Qualification Qualified employees(※1) Ownership ratio(※2)
FY2020 Real Estate Brokerage License 9 64.3%
ARES Certified Master 12 85.7%
Certified member of the Securities Analysts Association 1 7.1%
Certified Public Accountant 1 7.1%
Financial Planners (FP Technicians/CFP/AFP) 1 7.1%
※1 : Number of full-time officers and employees as of the end of the relevant fiscal year
※2 : Percentage of employees among full-time officers and employees as of the end of the relevant fiscal year

Employee Communication

Employee satisfaction surveys

Employees can have their voices heard through employee surveys which are conducted from time to time. During fiscal year 2020, a total of 2 surveys were conducted. The surveys were related to health conditions of employees as the COVID-19 pandemic affected many people in various ways.

Survey content Subject Personnel Implementation timing
FY2020 Employee health conditions survey (twice in total) All officers and employees May 2020
November 2020

Performance review system

LRA holds 1-on-1 meetings between employees and their managers at the time of setting annual targets, during the fiscal year, and at the end of the evaluation period. The performance and expectations of each employees' work is communicated on a periodic basis.

Employee Health and Comfort

Benefit packages

Employees of LRA are entitled to the use of a unique welfare system called "Premium Day". This enables them to take a paid holiday afternoon on any day of the month once a month. This is a modified version of the more socially practiced “Premium Friday” in Japan where the benefits are set at the last Friday of each month. LRA’s “Premium Day” enables employees to take the paid holiday afternoon on any day of the month. Other benefits include meal expenses for overtime work. In addition, all employees, including temporary staff, are provided with options for health-conscious beverages and breakfast in the cafeteria.

Premium Day A system that enables employees to take a paid afternoon holiday once a month on any day in addition to regular paid holidays
Offering of various
refreshments
Offering a lineup of health-conscious beverages, such as vegetable juices and soymilk free of charge
Breakfast (once a month) Providing a free breakfast at the cafeteria once a month
Online yoga Hiring of yoga instructors to promote employee health when working from home
Payment of meal expenses
for overtime work
A fixed meal expense amount will be paid for overtime work after 8:00 p.m.


Breakfast service

Data on Health and Comfort

Average
overtime(※1)
Number of
paid holidays
taken by
employees
(※2)
Ratio of
employees
undergoing
stress
checks
Number of
work-related
accidents
and deaths
Absence
rate
Number of
turnovers
Turnover
rate(※3)
Number of
Employees
Taking
Childcare
Leave
Rate of
returning to
work after
childcare leave
(※4)
Number of
users using
nursing
leave
FY2020 13.2 hrs 6.9 days 93.0% 0 0.0% 1 5.6% 0 Not applicable 0
※1 : Average overtime hours per person during the relevant fiscal year (hours per month)
※2 : Average number of paid holidays taken per person per year during the relevant fiscal year (days per year)
※3 : Number of employees terminating employment divided by the number of employees at the beginning of the relevant fiscal year
※4 : Return rate of employees that took childcare leave at the end of the fiscal year

Comfort inside the office

LRA's office is designed to be a work environment that improves employee comfort/productivity and enables a variety of work styles. Such work styles include adopting a layout that actively incorporates natural light into offices, the installation of high counter tables that can be used for seated/non-seated work or lunch consumption, and private booths that enable work concentration.


Counter table


Individual room booth

In addition, cafeteria spaces located in LRA's office is available to all executives and employees, including temporary staff. Beverages are provided free of charge and other items such as snacks are offered at discounted prices. This cafeteria space can be used as a workspace as well as a space for facilitating communication between employees.


cafeteria space

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