(JPY in billion)

Property Type	FY 2006	FY 2007	FY 2008	FY 2009	FY 2010
Office	256.7	297.4	337.4	375.1	426.6
Residential	112.2	152.7	176.1	180.8	225.0
Commercial facilities	91.8	109.7	143.1	182.7	199.6
Logistics facilities	71.0	94.2	100.4	116.6	145.2
Other	12.6	80.9	87.1	84.7	101.6
Total	544.4	734.9	844.3	939.9	1,097.9

The Kenedix Group uses the following standards for calculating the balance of AUM.

1. AUM includes real estate properties where the Kenedix Group performs asset management services, but does not include to-be-completed development projects.
2. AUM uses the acquisition cost of a property (net of taxes). Costs associated with acquisitions, capital expenditures to add a property’s value and other related items are included in the book value of a property for accounting purposes. However, these items are not included in AUM.
3. AUM includes properties that the Kenedix Group holds itself for a short period of time. AUM also includes properties held by J-REITs and A-LPT that are managed by Kenedix affiliates (Kenedix Realty Investment Corporation, Japan Logistics Fund, Inc. and Challenger Kenedix Japan Trust).