NEWS RELEASE

Japan Real Estate Investment Corporation

June 13, 2012
To whom it may concern:<Investment Corporation>
Japan Real Estate Investment Corporation
Noritada Terasawa, Executive Director(TSE code: 8952)<Asset Management Company>
Japan Real Estate Asset Management Co., Ltd.
Hiroshi Katayama, CEO & President
Contact: Ryuta Yoshida, General Manager, Planning Department
Phone: +81-3-3211-7921

Notice concerning New Loan
Announcement is hereby made that on June 13, 2012, Japan Real Estate Investment Corporation willprocure funds through the following loan:
1. Reason for drawing down of the loan
To apply part of the funds toward the purchase of the domestic real estate (TIXTOWER UENO)
announced on May 17, 2012
2. Details of loan<Long-term loan ( i ) >(1) Amount of loan:(2) Lender:(3) Interest rate:(4) Start of the loan period:(5) Borrowing method:(6) Interest payment date:(7) Repayment of principal:(8) Principal repayment date:¥4,000 million
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
1.1975% (fixed)
June 15, 2012
Loan agreement concluded with the lender on June 13, 2012
Unsecured/non-guaranteed loan
15th of June and December of every year until the principal
repayment date
Payment in full on the principal repayment dateJune 15, 2022 (pre-payment possible)1

<Long-term loan ( ii ) >(1) Amount of loan:(2) Lender:(3) Interest rate:(4) Start of the loan period:(5) Borrowing method:(6) Interest payment date:(7) Repayment of principal:(8) Principal repayment date:<Long-term loan ( iii ) >(1) Start of the loan period:¥4,000 million
Mizuho Corporate Bank, Ltd.
1.07375% (fixed)
June 15, 2012
Loan agreement concluded with the lender on June 13, 2012
Unsecured/non-guaranteed loan
15th of June and December of every year until the principal
repayment date
Payment in full on the principal repayment dateJune 15, 2021 (pre-payment possible)

June 15, 2012(2)

Total amount of loan:¥8,000 million(3)

Lender, amount of loan and principal repayment dateLenderAmount of loan

Mitsubishi UFJ Trust and Banking Corporation¥4,000 million

Sumitomo Mitsui Trust Bank, Limited¥4,000 million

(4)
(5)

Interest rate:
Borrowing method:(6)

Interest payment date:(7)

Repayment of principal:<Long-term loan ( iv )>(1) Start of the loan period:

June 15, 2012

Total amount of loan:(3)

Lender, amount of loan and principal repayment date

¥3,500 million

LenderAmount of loan

Shinsei Bank, Limited¥2,500 million

The Hachijuni Bank, Ltd.

¥1,000 million

Interest rate:
Borrowing method:(6)

Interest payment date:(7)

Repayment of principal:

June 15, 2020

0.9525% (fixed)
Loan Agreements concluded on June 13, 2012
Unsecured/non-guaranteed loan
15th of June and December of every year until the principal
repayment datePayment in full on the principal repayment date

(2)

(4)
(5)

Principal repayment date(pre-payment possible)

Principal repayment date(pre-payment possible)
June 15, 2017

0.66% (fixed)
Loan Agreements concluded on June 13, 2012
Unsecured/non-guaranteed loan
15th of June and December of every year until the principal
repayment date
Payment in full on the principal repayment date2

<Long-term loan ( v )>(1) Start of the loan period:

June 15, 2012(2)

Total amount of loan:¥2,000 million(3)

Lender, amount of loan and principal repayment dateLender

The Ashikaga Bank, Ltd.
The Joyo Bank, Ltd.
(4) Interest rate:(5)

Borrowing method:(6)

Interest payment date:Amount of loan

Principal repayment date(pre-payment possible)¥1,000 million

June 16, 2014
¥1,000 million
Basic interest rate (JPY TIBOR for 1 monthin Japanese Bankers Association (“JBA”)) + 0.15%
Loan Agreements concluded on June 13, 2012
Unsecured/non-guaranteed loan
15th of every month until the principal repayment date(7) Repayment of principal:
Payment in full on the principal repayment date･In the event that the interest payment date does not fall on a business day, the interest shall be paid on
the next business day thereafter. If the next business day, however, falls in the following month, thepayment shall be made on the business day immediately prior to the interest payment date.
･Basic interest rate for applicable rate is calculated based on Japanese Yen TIBOR for one month which
JBA releases two business days before. (As of June 13, 2012, Japanese Yen TIBOR for one month is0.18%)･With regard to Japanese Yen TIBOR of JBA, please refer to the website of JBA.
(http://www.zenginkyo.or.jp/en/tibor/)

3. Balance of interest-bearing debt after the new loan agreements (as of June 18, 2012)(Units: millions of yen)
Before new loan

After new loan

Increase/Decrease

Short-term loans

13,50013,500±0

Current portion of long-term loans

63,10063,100±0Long-term loans

162,700

184,200+21,500

Total loans
Current portion of investment
corporation bonds
Investment corporation bonds(except for current portion)
Total investment corporation
bonds
Total interest-bearing debts

239,300

260,800+21,500

00±045,000

45,000±045,000

45,000±0284,300

305,800±21,500

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4. Others
Regarding the loan repayment risk, there is no important change to the “Investment risks”
description in the latest securities report submitted on December 26, 2011.
This notice is the English translation of the announcement in Japanese dated June 13, 2012 on ourwebsite. However, no assurance or warranties are given for the completeness or accuracy of thisEnglish translation.

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