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Moving on to page 10, let me talk about "A-PLACE Shinagawa Higashi" and internal growth of the properties acquired in the 10th period and onwards.
On the left is shown "A-PLACE Shinagawa Higashi", which we acquired from the sponsor group in March this year.
This property is located close to Shinagawa Station, where the Tokaido Shinkansen (bullet train) is serviced, also the station provides direct access to Haneda Airport via Keikyu Line. In addition, further development around the area is expected with the future opening of the Linear Shinkansen.
Upward rent revisions at leasing contract renewal and tenant replacement are expected as the rent gap is in the negative 10% range.
On the right, you can see the major internal growth we have achieved in properties acquired during the 10th period and onwards.
As a result of selective investment with a focus on upside potential for rent, we achieved rent growth with several properties immediately after acquisition and we realized an increase of ¥21 million in rent revenue per period in total of the following four properties: "A-PLACE Gotanda Ekimae" and "Umeda Gate Tower", which we acquired in the 10th period, and "A-FLAG KOTTO DORI" and "A-FLAG BIJUTSUKAN DORI" acquired in the 11th period.
Next I would like to explain our internal growth.
Please move on to page 11.
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