Structure of NUD
Organization of NUD
|(Note)||The above figure indicates the major parts of NUD's structure.|
NTT UD REIT Investment Corporation (NUD)
As an investment corporation, NUD manages funds, etc. paid in by the unitholders as investments in real estate, securities including beneficiary interests in real estate trusts, and other assets.
NTT Urban Development Asset Management (UDAM)
(Asset management company and general administrative agent (related to Article 117-4 of the Investment Trusts Act))
NTT Urban Development Asset Management mainly undertakes the following operations.
|A.||As an asset management company, UDAM manages assets owned by NUD pursuant to the asset management agreement and based on the Articles of Incorporation of NUD.|
|B.||Pursuant to the general administrative agreement, UDAM provides services related to operations of NUD's administrative instruments on consignment from NUD.|
Sumitomo Mitsui Trust Bank, Limited
(General administrative agent (related to Articles 117-4, 117-5 and 117-6 of the Investment Trusts Act), transfer agent and asset custodian)
Sumitomo Mitsui Trust Bank, Limited mainly undertakes the following operations.
|A.||As a general administrative agent for NUD's accounting operations, the bank provides services related to accounting, preparation of accounting books and tax payments on consignment from NUD, pursuant to the general administrative agreement.|
|B.||As a transfer agent, the bank provides services related to preparation and keeping of the unitholders registry and other affairs concerning the registry, payment of cash distributions to unitholders, and responding to requests from unitholders on exercising their rights against NUD and other requests from them, etc. on consignment from NUD, pursuant to the transfer agent agreement.
In addition, as an account management institution for the special account under the Act on Book-Entry of Company Bonds, Shares, etc., the bank provides services related to preparation and keeping of NUD's book-entry transfer account registry and other affairs concerning the registry by request from NUD, pursuant to the special account management agreement.
|C.||As an asset custodian, the bank provides services related to custody of documents (registered titles of real estate, certificates of trust beneficiary interests, agreements, securities and other certificates and documents) evidencing the rights to the assets acquired by NUD that are required when NUD executes its rights on them, as well as other documents, management of deposits into and withdrawals from bank accounts as well as fund transfers, and preparation of account books based on the Investment Trusts Act, and delivery and transportation, etc. on consignment from NUD, pursuant to the asset custody agreement.|