July 19, 2024
For Immediate Release
Real Estate Investment Trust Securities Issuer:
Advance Residence Investment Corporation(Securities Code：3269)
1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo
Representative: Wataru Higuchi, Executive Director
Asset Management Company:
ITOCHU REIT Management Co., Ltd.
Representative: Junichi Shoji, Representative Director,President & CEO
Inquiries:
Isao Kudo, Executive Officer(TEL. +81-3-6821-5483)

Notice Concerning Debt Financing and Signing of Interest Rate Swap Agreement
Advance Residence Investment Corporation (ADR) announced that out of the 5,000 million long-term loans (note 1) tobe drawn down on July 23, 2024, interest rates for the 3,000 million yen fixed rate of the loan has been set as follows.
Additionally, ADR announced that an interest rate swap agreement has been entered to hedge against the risk ofinterest rate fluctuation for the 2,000 million yen floating rate of the loan as detailed below.
(Note1)

Please refer to the “Notice Concerning Debt Financing (Including Green Loan) and Redemption of Bond, Repayment of Loan and Early
Repayment of Loan” dated July 11, 2024 for details.

1.

Interest rate determination for fixed rate borrowing(JPY:million)

No.

Lender

1

SBI Shinsei Bank, Limited(Green Loan (Note2)）
The Yamaguchi Bank, Ltd.
(Green Loan (Note2)）

2

Total or Weighted Average(Note2)

PlannedDrawdown
Date

Loan
AmountInterest Rate

Principal
Repayment
Repayment
Perioddate

Principal
Repayment

Collateral/
Guarantee

1.20969%

January
24, 2033

Pay in fullon thematurity dateUnsecuredNon-guaranteed

1,500
July
23, 2024

8.5year

1,500

3,000

1.20969%

8.5year・ For more information on the Green Finance Framework, please refer to the "Green Finance" page of ADR's website(https://www.adr-reit.com/en/sustain/07).

1[Provisional Translation]
The English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

2.

Details of Interest Rate Swap Agreement

・ Loan to be hedged: Long-term loan (2,000 million yen)・ Contract date of interest rate swap agreement: July 19, 2024

CounterpartyNo.

Notionalprincipal(mil yen)
1,0001
Mizuho Bank, Ltd.

1,000

2Total or Weighted
Average(Note3)

Contract
start date

Contractend date

Repayment
periodJuly23, 2024

January
24, 2033

2,000Interest ratePay(Fixed rate)

Receive(Floating-rate)

8.5year1.1072%(note 3)

3 month yen
TIBOR(note 3)

8.5year1.1072%・Interest payment dates are last business day of January, April, July, October starting October 31, 2024 and ending on the principal
repayment date. The interest rate for the loan above is to be basically fixed at 1.2822% for long-term loan by entering the interestrate swap agreement.

About Advance Residence Investment Corporation
Advance Residence Investment Corporation is the largest J-REIT specializing in residential properties and is managed by ITOCHU REITManagement Co., Ltd. (IRM), the asset management company of the ITOCHU Group, investing in over 280 rental apartments located mostly incentral Tokyo and in other major cities throughout Japan (AUM over 490 billion yen). ADR can be expected have a stable dividend in the long-termand can be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve amongJ-REITs.
"Advance" is the common brand name of the real estate investment corporation managed by ITOCHU REIT Management Co., Ltd.
ADR’s website:

https://www.adr-reit.com/en/

IRM’s website :https://www.itc-rm.co.jp/en/

2[Provisional Translation]
The English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.