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Organization and Management Structure

Organization and Management Structure

Organization Major assignments
General Affairs Department ・General administrations, accounting and personnel matters of PRA
・Planning on business operations of PRA
・Operation of PRA's shareholders meetings and Board of Directors' meetings
・Secretariat work of PRA's Statutory Auditor or Statutory Auditors' meetings
・Matters related to trouble and customer claims of PRA
・Other general affairs and labor management
Finance Department ・Financial settlements and cash distributions
・Management plans, budgets and cash management
・Reporting of asset management status
・Fund procurement (equity financing and debt financing)
Planning & IR Department ・Establishing asset management policies
・Analysis of real estate market
・IR services and information disclosure
・Responses to inquiries from investors, etc.
・Operation of PIC's general meetings of nuitholders and Board of Directors' meetings
・Supervising general administrative agencies
Investment Strategy Department ・Matters related to portfolio strategy
・Acquisition and sale of target investment properties
・Research and assessment of target investment properties
Operations Department ・Leasing of owned investment properties
・Management of owned investment properties
・Establishing, managing and directing major maintenance and repair plans
・Handling claims from customers (including tenants) and making and filing records
Operation Audit Office ・Matters related to internal audits
・Matters related to risk management
Management Strategy Meeting ・Discussion of the following matters
a. Establishing portfolio strategy of the investment corporation
b. Proposal of amendments to "Asset management target/policy" in the Articles of Incorporation of the investment corporation
c. Proposal of amendments to the "Asset management Guidelines" of PRA (excluding minor ones)
d. Establishing and revising performance forecast, "management plans" and "operation plans (including major maintenance and repair plans)" of the investment corporation
e. Policy on financial settlement and distributions of the investment corporation
f. Policy on fund procurement by the investment corporation
g. Other matters recognized as necessary by the chairman
・Periodical confirmation of management status of investment properties for the investment corporation
Investment Committee ・Deliberation and resolution on acquisition and sales of investment properties of the investment corporation
・Deliberation and resolution on other matters recognized as necessary by the chairman of the committee
Compliance Committee ・Deliberation on compliance manuals
・Deliberation on compliance programs and reporting of progress status
・Checking status of compliance with law and regulations, etc. and providing necessary instructions
・Approving required matters, such as identification of interested parties, etc.
・Deliberation on appropriateness of transactions (acquisition, sale and leasing of properties; and underwriting of real estate-backed securities, etc.) with interested parties, etc.
・Deliberation on risk management
・Deliberation on internal audits
・Matters related to development/validation of in-house rules and regulations, etc.
・Other matters including matters related to internal management/overall audits concerning business accidents, claims, etc.
Sustainability Promotion Committee ・Discussion of targets and measures for the promotion of sustainability; progress management; and provision of necessary instructions
・Understanding of basic information on properties owned by the investment corporation
・Communicating targets and measures for the promotion of sustainability to PRA’s officers and employees; and implementing educational/enlightenment activities
・Matters related to collaboration with outside stakeholders
Compliance Officer ・Matters involving compliance
・Administration of important documents
・Identifying interested parties, etc.

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