October 27, 2006
For Immediate Release
LCP Investment Corporation
Nihon-bashi Nishikawa Bldg,
1-5-3 Nihon-bashi, Chuo-ku, Tokyo
Shunji Miyazaki: Executive Officer(Securities Code: 8980)

LCP REIT Advisors Co.,Ltd
Nihon-bashi Nishikawa Bldg,
1-5-3 Nihon-bashi, Chuo-ku, Tokyo
Shunji Miyazaki: CEO

Inquiries:
The LCP REIT Advisors Co., Ltd
CFO

Yuji Kubo

TEL: +81-3-3272-7311

Notice Concerning Debt Financing
LCP Investment Corporation (the “Investment Corporation”) is pleased to announce that on October
27,2006, the Investment Corporation reached agreement with certain financial institutions regarding
the borrowing of funds as follows.

1, Rationale
The borrowed funds will be used for the acquisition of trust beneficiary interest in real estate forLexington Square Fushimi and the payment of the expenses related to the acquisitions.

(*) With respect to the outline of trust beneficiary interest in real estate for Lexington Square Fushimi, please refer to「Notice Concerning Acquisition Assets and Forecasts of Financial Results for the Fiscal Periods Ending August
31,2007」as of October 27,2006

2, Details of Debt Financing<Credit Loan>① Lenders : Aozora Bank, Ltd (Agent), Tokio Marine & Nichido Fire Insurance Co.,LtdResona Bank, Ltdand② Maximum Amount : 3,240 million yen③ Interest Rate : The interest rate for the period from October 31,2006 to January 31,2007 is0.95091 % p.a. (*)④ Planned Date : October 31,2006⑤ Debt Financing Method : Pursuant to 「Individual Credit Loan Agreement」executed with thefinancial institutions shown to ① above on October 27,2006 based on Credit Line Agreement
as of May 23,2006⑥ Interest Payment Date : The first interest payment date is January 31,2007. Hereafter, the lastdate of every 3 months ( or the previous business day if such day is non-business day) andRepayment date of Credit Loan
⑦ Repayment Methods : Principal repayment in full on maturity⑧ Repayment Date : October 31,2007⑨ Collateral: Secured (The first right of pledge is established on Lexington Square Fushimi whichis acquired by the said borrowing funds. The second right of pledge is established on 30 trust
beneficiary interests in real estate which are holding assets shown to Appendix.)(*) The interest rate during the calculation period after the first interest payment date is not determined. The interest
rate during the calculation period after the first interest payment is 3 months JPY TIBOR + 0.5%. The interest rate
which is not determined will be announced when it is determined.

3, Use of Funds
The borrowing funds are utilized for the payment for the acquisition of trust beneficiary interest inreal estate (Lexington Square Fushimi) and other related expenses.

＊ This document is being distributed today to Kabuto Club (the press club of the TSE) as well as to the press clubfor the Ministry of Land, Infrastructure and Transport Ministry and the press club for specialty construction
newspapers at the Ministry of Land, Infrastructure and Transport.
＊ The web site of the Investment Corporation : http://www.lcp-reit.co.jp＊ This English language notice is a translation of the Japanese language notice issued on the same day and was
prepared solely for the convenience of, and reference by, overseas investors. LCP Investment Corporation makes
no warranties as to its accuracy or completeness.

<Reference>
Conditions of Debt Financing Balance after Borrowing of Credit Loan

(Unit : Million Yen)
Loan

Before BorrowingAfter BorrowingBalanceTerm Loan

22,70022,700−Credit Loan−

3,240

3,240

22,70025,9403,240

Loan Outstanding (Total)

<Appendix> List of Assets subject to Security Interests
Property
NumberProperty Name

Type

R-1

City House Tokyo Shinbashi

Trust beneficiary interest in real estate

R-2

Pure City Roppongi

Trust beneficiary interest in real estate

R-3

Winbell Kagurazaka

Trust beneficiary interest in real estate

R-4

Nishiwaseda Crescent Mansion

Trust beneficiary interest in real estate

R-5

Lexington Square Akebonobashi

Trust beneficiary interest in real estate

R-6Montserrat Yotsuya

Trust beneficiary interest in real estate

R-7

Casa Eremitaggio

Trust beneficiary interest in real estate

R-8

Homest East Hills

Trust beneficiary interest in real estate

R-9

Lexington Square Shimokitazawa

Trust beneficiary interest in real estate

R-10

Homest Ikejiri

Trust beneficiary interest in real estate

R-11

Towa City Coop ShinotsukaⅡ

Trust beneficiary interest in real estate

R-12

Towa City Coop Asukayamakoen

Trust beneficiary interest in real estate

R-13

Bichsel Musashiseki

Trust beneficiary interest in real estate

R-14

Lexel Mansion Ueno Matsugaya

Trust beneficiary interest in real estate

R-15

Cosmos Nishiojima Grand Stage

Trust beneficiary interest in real estate

R-16

Towa City Coop Sengencho

Trust beneficiary interest in real estate

R-17

Royal Park Omachi

Trust beneficiary interest in real estate

R-18

Lexington Square Haginomachi

Trust beneficiary interest in real estate

R-19

Visconti Kakuozan

Trust beneficiary interest in real estate

R-20

Lexington Square Kitahorie

Trust beneficiary interest in real estate

R-21

Lexington Square Shinmachi

Trust beneficiary interest in real estate

R-22

Luna Coat TsukamotoTrust beneficiary interest in real estate

O-1

Otsuka Cent Core Building

Trust beneficiary interest in real estate

O-2

Ueno Fujita Estate 1

Trust beneficiary interest in real estate

O-3

Cross Square NAKANOTrust beneficiary interest in real estateO-4

Lexington Plaza Hachiman

Trust beneficiary interest in real estate

O-5

Ohki Aoba Building

Trust beneficiary interest in real estate

O-6

Loc Town Sukagawa

Trust beneficiary interest in real estate

O-7

Lexington Plaza Sakaeminami

Trust beneficiary interest in real estate

O-8

Valor Takinomizu

Trust beneficiary interest in real estate