NEWS RELEASE

Japan Real Estate Investment Corporation

July 26, 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 July 26, 2012, Japan Real Estate Investment Corporation willprocure funds through the following loan:
1. Reason for drawing down of the loan
To apply the fund toward the repayment of outstanding balance of ¥4,000 million of existing
short-term loan (short-term loan of ¥4,500 million dated on August 1, 2011) after the pre-payment
executed on March 29, 2012
2. Details of loan
(1) Start of the loan period:
August 1, 2012
(2) Total amount of loan:¥4,000 million(3) Lender, amount of loan, and principal repayment date:Principal repayment date(pre-payment possible)
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
¥1,500 million
February 1, 2013
Mizuho Corporate Bank, Ltd.
¥1,000 million
February 1, 2013Mitsubishi UFJ Trust and Banking Corporation¥1,500 million
February 1, 2013
Basic interest rate (JPY TIBOR for 1 monthInterest rate:in Japanese Bankers Association (“JBA”)) + 0.10%
Loan based on overdraft agreements concluded separately with
Borrowing method:respective lenders
Unsecured/non-guaranteed loan
1st of every month until the principal repayment date
Interest payment date:(including the principal repayment date)
Repayment of principal:
Payment in full on the principal repayment dateLender(4)
(5)

(6)
(7)

Amount of loan

･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.
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・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 July 26, 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 August 1, 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

184,200

184,200±0

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

260,800

260,800±000±045,000

45,000±045,000

45,000±0305,800305,800±04. Others
Regarding the loan repayment risk, there is no important change to the “Investment risks”
description in the latest securities report submitted on June 25, 2012 and correction report for securities
report submitted on July 4, 2012.

This notice is the English translation of the announcement in Japanese dated July 26, 2012 on ourwebsite. However, no assurance or warranties are given for the completeness or accuracy of thisEnglish translation.

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