NEWS RELEASE
June 13, 2024
For Immediate Release

Investment Corporation
Japan Real Estate Investment Corporation
Jo Kato, Executive Director(TSE code: 8952)
Asset Management Company
Japan Real Estate Asset Management Co., Ltd.
Shojiro Kojima , President & CEO
Contact: Masaaki Fujino
Senior Executive Officer & General Manager
Strategic Planning Department
Phone: +81-3-3211-7951

Announcement of Debt Financing
Japan Real Estate Investment Corporation hereby announces its decision today to procure funds asfollows:

1. Reason for the borrowing
Repayment of the existing long-term loans of JPY 3.5 billion executed on June 15, 2017
2. Overview of the borrowing(1) Amount of loan
(2) Lender(3)

Interest rate

(4)

Borrowing date(5)

Method of borrowing(6)

Interest payment date

JPY 2,500 million

The Iyo Bank, Ltd.
Base rate (3-month JPY
TIBOR published byJapanese Bankers
Association (hereinafter“JBA”)) + 0.100% (Note1)

JPY 1,000 million
The Hachijuni Bank, Ltd.

1.10625% (Fixed)

June 17, 2024
Loan agreement dated June 13, 2024
Unsecured/unguaranteed loan
The principal repayment
The principal repayment
date and the 17th of every
date and the 17th of everyJune and December in theMarch, June, September,and December in the period period until the principal
repayment date (Note2)
until the principal
repayment date (Note2)1

(7)Method ofrepayment

principal(8)

Principal repayment dateLump-sum repayment on the principal repayment dateJune 19, 2034

(Note1)・ The base rate to calculate the interest to be paid on interest payment dates is JBA 3-month JPY TIBOR
as of the second preceding business day of the borrowing date for the first interest payment dateand as of the second preceding business day of the most recent interest payment date for thesubsequent interest payment dates. (JBA 3-month JPY TIBOR as of June 13, 2024 is 0.28727%.)･ For the JBA Japanese Yen TIBOR, please refer to JBA TIBOR administration’s website(https://www.jbatibor.or.jp/english/rate/).
(Note2) When an interest payment date is not a business day, the interest shall be paid on the following
business day or the immediately preceding business day if the following business day is in thefollowing month.

<Reference> Overview of Existing Loans Subject to RepaymentLenderAmount of loan
Borrowing dateThe Iyo Bank, Ltd.

JPY 2,500 million

The Hachijuni
Bank, Ltd.

JPY 1,000 million

June 15, 2017

Principal
repayment date

Disclosure dateJune 17, 2024

June 13, 2017

3. Balance of interest-bearing debt after the debt financing
BeforeShort-term loans payable(Units: millions of JPY)
After

Increase/Decrease

46,50046,500±0

17,00019,500+2,500368,700

366,200-2,500Total loans

432,200

432,200±0

Investment corporation bonds

32,99332,993±0

Total
investment corporation bonds

32,99332,993±0Total interest-bearing debt

465,193

465,193±0Long-term loans payable(Variable interest rate)Long-term loans payable(Fixed interest rate)

4. Others
Regarding risks pertaining to this loan repayment, there is no material change to the descriptionsof “Investment risks” in the latest securities report submitted on December 25, 2023.

This is the English translation of the announcement in Japanese dated June 13, 2024.
No assurance or warranties are given for the completeness or accuracy of this English translation.
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