NEWS RELEASE

Japan Real Estate Investment Corporation

August 28, 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 August 28, 2012, Japan Real Estate Investment Corporation
will procure funds through the following loans:
1. Reason for drawing down of the loans
To apply the funds toward the repayment of outstanding balance of ¥500 million of existing
short-term loan (short-term loan of ¥1,000 million dated on September 1, 2011) after the pre-payment
executed on March 29, 2012 and existing long-term loan (long-term loan of ¥1,000 million executed on
August 31, 2007)
2. Details of loans<Short-term loan >(1) Start of the loan period:(2) Amount of loan:(3) Lender:(4) Interest rate:(5) Borrowing method:(6) Interest payment date:(7) Repayment of principal:(8) Principal repayment date:

September 3, 2012
¥500 million
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Basic interest rate (JPY TIBOR for 1 monthin Japanese Bankers Association (“JBA”)) + 0.10%
Loan based on overdraft agreement concluded with lender
Unsecured/non-guaranteed loan
3rd of every month until the principal repayment date(including the principal repayment date)
Payment in full on the principal repayment date
March 4, 2013 (pre-payment possible)･In the event that the interest payment date does not fall on a business day, the interest shall be paidon the next business day thereafter. If the next business day, however, falls in the following month,
the payment 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 monthwhich JBA releases two business days before. (As of August 28, 2012, Japanese Yen TIBOR for one
month is 0.18%)

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･With regard to Japanese Yen TIBOR of JBA, please refer to the website of JBA.
(http://www.zenginkyo.or.jp/en/tibor/)<Long-term loan >(1) Start of the loan period:(2) Amount of loan:(3) Lender:(4) Interest rate:(5) Borrowing method:(6) Interest payment date:(7) Repayment of principal:(8) Principal repayment date:August 31, 2012
¥1,000 million
The Bank of Fukuoka, Ltd.
To be determined
Loan agreement concluded with the lender on August 28, 2012
Unsecured/non-guaranteed loan
The last day of February and August of every year until the principal
repayment date (including the principal repayment date)
Payment in full on the principal repayment dateAugust 31, 2017 (pre-payment possible)

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

After new loans

Increase/Decrease

Short-term loans

13,50013,500±0

Current portion of long-term loans

71,10070,100-1,000Long-term loans

176,200

177,200+1,000Total 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±045,00045,000±045,000

45,000±0305,800

305,800±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.
We will inform you of the interest rates for the long-term loan of ¥1,000 million once they have beendecided.
This notice is the English translation of the announcement in Japanese dated August 28, 2012 on ourwebsite. However, no assurance or warranties are given for the completeness or accuracy of thisEnglish translation.

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