Nomura Real Estate : Participating in “Alta Preserve,” Rental Housing Project within a Large-Scale 54-Hectare Mixed-Use Development Site in Dallas, Texas （Nomura Real Estate Development Co., Ltd.）

News Release

Release category：Global

March 9, 2026 Nomura Real Estate Development Co., Ltd.

Nomura Real Estate Development Co., Ltd. ("Nomura Real Estate", Head office: Minato-ku, Tokyo; President and Representative Director: Daisaku Matsuo) is pleased to announce our participation in "Alta Preserve" ("the Project"), a rental housing development comprising 311 units in total, as our second project in Dallas, Texas.

Going forward, we will further deepen our local expertise, strengthen and expand our business platform, and strive to achieve sustainable growth in the US market by providing higher-quality residential environments.

[Alta Preserve Rendering Image]

1. Participation in "Alta Preserve", rental housing development

   The Project is being developed by Wood Partners, a US local developer headquartered in Atlanta, Georgia, with operations across 18 states. Located within "THE FARM in Allen," a large-scale mixed-use development of approximately 54 hectares that offers a diverse array of functions including commercial facilities, offices, hotels, parks, and recreational amenities, the project will play a key role in shaping the new community.

   Dallas, the metropolitan area for this development, is one of the fastest-growing cities in the United States, driven by a favorable business environment and a stable cost of living that continue to attract both companies and residents. The project also benefits from an excellent location, situated about 15 minutes by car from the Legacy area, a hub for many global companies, and roughly 25 minutes from Dallas Fort Worth International Airport, which ranks second among the busiest airports in the world in terms of passenger traffic*1. Upon completion of the overall mixed-use development, approximately 4,000 people are expected to live and about 6,000 people are expected to work within the site. By participating in this rental housing development, Nomura Real Estate aim to contribute to the creation of a comfortable and high-quality residential environment.

   *1 Reference: Airports Council International

2. Overview of "Alta Preserve" Rental Housing Development

   Location	City of Allen, Texas (Dallas metropolitan area), 1245 Blue Tractor Ln, Allen, TX
   Site area	24,300 ㎡
   Scale	4 stories above ground
   Use	Rental multi-family residential
   Leasable floor area (planned)	Approx. 25,100 ㎡
   Total units	311 units
   Start of construction (planned)	March 2026
   Completion (planned)	2027

   Reference: Overview of Partner Company

   Company name	Wood Partners
   Headquarters	Atlanta, Georgia, USA
   Website	https://www.woodpartners.com/
   Business description	Development, investment, and management of rental multi-family residential properties

3. Relocation of Our US Base, Nomura Real Estate US, LLC

   Through our participation in the Alta Preserve project, our multifamily rental housing business in the United States has grown to a cumulative total of over 2,000 units. Building on this track record, and as part of efforts to strengthen our business platform for further expansion in the United States, we have relocated our US base, originally established in San Francisco in September 2022, to Dallas, which offers excellent access to major metropolitan areas across the country. Dallas has seen a surge in corporate headquarters and large office relocations in recent years and continues to experience strong population inflows driven by increasing employment opportunities, making it a city with abundant business potential.

   Going forward, using Dallas as our base, we will further deepen relationships with local partners and actively pursue business opportunities in the market. At the same time, we will enhance the structure of both expatriate and locally hired personnel to reinforce our business foundation in the United States, while further expanding our operations centered on the multifamily rental housing business.

   • Dallas Office Overview

     Name	Nomura Real Estate US, LLC
     Address	5700 Granite Parkway, Suite 310, Plano, TX 75024
     Representative	Yuichi Takeuchi, Executive Vice President
     Schedule	January 2026: Closure of San Francisco office February 2026: Opening of Dallas office

     Existing Projects in US
   • Press Blocks (Portland, Oregon)

     Location	Portland, Oregon, 1640 SW Yamhill Street
     Scale	[Residential building] 24 stories above ground, 5 below ground [Commercial and office building] 4 stories above ground, 4 below ground
     Use	Rental residential, commercial, and office
     Leasable floor area	[Residential building] Approx. 25,700 m² [Commercial and office building] Retail: Approx. 1,100m², Office: Approx. 1,800 m²
     Total units	341 units (residential building)
     Completion	2025

     
     
     
   • Junction at Vinings (Atlanta, Georgia)

     Location	Atlanta, Georgia, 2101 Paces Ferry Rd SE, Smyrna
     Scale	2 - 3 stories above ground
     Use	Existing rental multi-family residential
     Leasable floor area	Approx. 34,700 m²
     Total units	35 buildings, 360 units in total
     Completion	1983

     
     
     
   • Jefferson Morningstar (Dallas, Texas) planned

     Location	Dallas, Texas, 121 & S Colony Blvd (NEQ), The Colony, TX 75056
     Planned site area	Approx. 40,000 m²
     Scale	4 stories above ground
     Use	Rental multi-family residential
     Leasable floor area	Approx. 30,000 m²
     Total units	373 units
     Completion	2027

     
     
     
   • Seattle Project (Seattle, Washington) planned

In pursuit of our 2030 Vision, "Be a 'Life & Time Developer' as never seen before", the

Nomura Real Estate Group has announced a new management plan in April 2025. This group-wide initiative reflects our unwavering commitment to maximizing both happiness among

people and abundance for society.

*3 The three-year plan is based on our long-term management policy, outlining the key business initiatives and strategies we will focus on.

Note: For details on the management plan, please see the following section. https://www.nomura-re-hd.co.jp/english/ir/pdf/plan2025_presen_en.pdf