NBF invests in office buildings.

NBF invests in the Tokyo Central Business Districts, Other Greater Tokyo and Other Cities.

Tokyo CBDs	9 central wards in Tokyo	Chiyoda, Minato, Chuo, Shinjuku, Shinagawa, Shibuya, Toshima, Bunkyo and Meguro
Other Greater Tokyo	14 wards other than the Tokyo CBDs, and Neighboring Cities (Tokyo and 6 adjacent prefectures (being Tokyo (excluding the Tokyo CBDs), Kanagawa, Chiba, Saitama, Ibaraki, Gunma and Tochigi)	Musashino, Tachikawa, Yokohama, Kawasaki, Chiba, Kashiwa, Saitama　etc.
Other Cities	Principal regional cities existing other than in the abovesaid administrative units.	Sapporo, Sendai, Niigata, Shizuoka, Hamamatsu, Nagoya, Kyoto, Osaka, Kobe, Okayama, Hiroshima, Takamatsu, Fukuoka, Kumamoto etc.

NBF entrusts asset management to its asset management company (Nippon Building Fund Management Ltd.)

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