NEWS RELEASE
September 27, 2023
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: Masaru Motooka
Executive Officer & General Manager
Strategic Planning Department
Phone: +81-3-3211-7951

Announcement of Loan Prepayment and Debt Financing
Japan Real Estate Investment Corporation hereby announces its decision today to repay part of an
existing short-term loan before the due date and procure funds as follows:
1. Prepayment of Short-Term Loan(I) Prepayment date:
September 29, 2023
(II) Overview of loan to be repaid before the due date:(1)
Amount of loan to be prepaid
JPY 2,000 million(2)
Amount of loan
JPY 11,000 million(3)
Amount of loan outstanding
JPY 9,000 million
after the prepayment(4)
Lender
MUFG Bank, Ltd.
(5)Interest rate
0.08545% (from August 31, 2023 through September 28,2023)(6)
Borrowing dateJuly 3, 2023
(7)
Method of borrowing
Loan based on overdraft agreement
Unsecured/unguaranteed loan
(8)Interest payment date
The principal repayment date and the last day of every
month in the period until the principal repayment date
(9)
Method of principal repayment Lump-sum repayment on the principal repayment date(10) Principal repayment date
March 29, 2024
(11) Disclosure dateJune 29, 2023
*There will be no early repayment fee due to this loan prepayment.

12. Debt Financing(I) Reason for the borrowing
To apply the following loans to the loan prepayment of JPY 2 billion described above(II) Overview of the borrowing(1) Amount of loan
(2) Lender(3) Interest rate(4) Borrowing date(5) Method of borrowing(6)

Interest payment date

(7)
(8)

Method of principal repayment
Principal repayment date

JPY 1,000 million
JPY 1,000 million
MUFG Bank, Ltd.
0.5625% (Fixed)
0.755% (Fixed)
September 29, 2023
Loan agreement dated September 27, 2023
Unsecured/unguaranteed loan
The principal repayment date and the last day of every
March and September in the period until the principal
repayment date (Note)
Lump-sum repayment on the principal repayment date
September 29, 2028
September 30, 2030(Note) 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 the following month.

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

Increase/Decrease

45,00043,000-2,00018,50018,500±0343,700

345,700+2,000Total loans

407,200

407,200±0

Investment corporation bonds

42,99342,993±0Totalinvestment corporation bonds

42,99342,993±0Total interest-bearing debt

450,193450,193±0Long-term loans payable(Variable interest rate)Long-term loans payable(Fixed interest rate)

4. Others
Regarding risks pertaining to these loan repayments, there is no material change to thedescriptions of “Investment risks” in the latest securities report submitted on June 26, 2023.

This is the English translation of the announcement in Japanese dated September 27, 2023.
No assurance or warranties are given for the completeness or accuracy of this English translation.

2