Kenedix Real Estate Fund Management Inc., which is entrusted with asset management by Kenedix Residential Next Investment Corporation (the "Investment Corporation"), informed its decision at its Board of Directors meeting on the date of this press release to propose agendas on appointment of directors and an auditor at the ordinary general shareholders' meeting of the Asset Management Company to be held on March 25, 2020 as follows. New Director: Moyuru Watanabe (as of March 25, 2020); New Director: Tetsushi Ichikawa (as of March 25, 2020); Retiring Director: Akihiro Asano (as of February 25, 2020).