September 2, 2021
For immediate release
Name of REIT Issuer:
CRE Logistics REIT, Inc.
2-10-1, Toranomon, Minato-ku, Tokyo, Japan
Tsuyoshi Ito, Executive Director(TSE Code: 3487)
Asset Manager
CRE REIT Advisers, Inc.
Tsuyoshi Ito, President
Person of Contact:
Hirohisa Toda, Head of Corporate Planning
Tel: +81-3-5575-3600

Notice Concerning Borrowing of Funds (including Green Loan)
CRE Logistics REIT, Inc. (“CRE REIT”) hereby announces its decision made today to borrow funds (“theBorrowings”). Details are as follows. A portion of the Borrowings is a loan to be executed based on the Green
Finance Framework set by CRE REIT (Green Loan).
1. Details of the Borrowings
Category(Note 2)

LenderLong-term loans payable (Note 3)

Sumitomo Mitsui Banking
Corporation
Mizuho Bank, Ltd.
Development Bank of Japan Inc.
MUFG Bank, Ltd.
Sumitomo Mitsui Trust Bank,
LimitedShinsei Bank, Limited
The Bank of Fukuoka, Ltd.
Aozora Bank, Ltd.
The Hyakujushi Bank, Ltd.
The Bank of Toyama, Ltd.
The Yamaguchi Bank, Ltd.
The Shizuoka Bank, Ltd.
The Yamanashi Chuo Bank, Ltd.
(Green Loan) (Note 6)

4,000(Note 7)

Base rate(Note 9)+0.475%Long-term loans payable(Note 4)

Loan amountInterest rate
(million yen)

Sumitomo Mitsui Banking
Corporation
Mizuho Bank, Ltd.
Development Bank of Japan Inc.
Sumitomo Mitsui Trust Bank,
LimitedShinsei Bank, LimitedAozora Bank, Ltd.
The Hyakujushi Bank, Ltd.
The Yamaguchi Bank, Ltd.
The Yamanashi Chuo Bank, Ltd.
(Green Loan) (Note 6)

3,500(Note 7)

Base rate(Note 9)+0.500%Drawdown
date

Borrowing
methodBorrowingbased onindividualloan
agreement to
Septemberbe15, 2021
concluded(Note 11)
on
September13, 2021(Note 11)
with thelenders

Repayment
date

Repayment
methodMarch 31,2027

LumpUnsecursumedrepaymUnguarent atanteedmaturity

September
30, 2027

LumpUnsecur
sumed
repaymUnguarent atanteedmaturity

Notes

Disclaimer: This press release is intended to disclose to the public the borrowing of funds (including Green Loan) by CRE REIT, and is
not an offer to sell or a solicitation of any offer to buy the securities of CRE REIT in the United States or elsewhere. Any
investment decision should be made based upon your own judgement. This press release does not constitute an offer ofsecurities in the United States of America. The investment units have not been, and will not be, registered under the UnitedStates Securities Act of 1933 (the “Securities Act”). The investment units may not be offered or sold in the United States
absent registration or an exemption from registration under the Securities Act. The investment units referred to above will
not be offered, publicly or otherwise, in the United States.

1Long-termloanspayable(Note 5)Long-term loans payable

Mizuho Bank, Ltd.

1,000(Note 8)

Base rate(Note 10)+0.300％

September
30, 2022

LumpUnsecur
sumed
repaymUnguarent atanteedmaturity

Sumitomo Mitsui Banking
Corporation

1,900(Note 8)

Base rate(Note 10)+0.300％

September
30, 2022

LumpUnsecur
sumed
repaymUnguarent atanteedmaturity

600(Note 8)

Base rate(Note 10)+0.300％

September
30, 2022

LumpUnsecur
sumed
repaymUnguarent atanteedmaturity

11,000－Sumitomo Mitsui Banking
Corporation

Total－－－－－(Note 1) For the borrowings above, loan agreements have not been concluded as of today. Therefore, it is not guaranteed that actual
borrowing will be made, and the amount borrowed may also change.
(Note 2) Long-term loans payable are loans with a borrowing period of more than a year.
(Note 3) The loan syndicate will consist of the following lenders: Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd.,
Development Bank of Japan Inc., MUFG Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, Shinsei Bank, Limited, The Bankof Fukuoka, Ltd., Aozora Bank, Ltd., The Hyakujushi Bank, Ltd., The Bank of Toyama, Ltd., The Yamaguchi Bank, Ltd., TheShizuoka Bank, Ltd. and The Yamanashi Chuo Bank, Ltd. The arranger is Sumitomo Mitsui Banking Corporation.
(Note 4) The loan syndicate will consist of the following lenders: Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd.,
Development Bank of Japan Inc., Sumitomo Mitsui Trust Bank, Limited, Shinsei Bank, Limited, Aozora Bank, Ltd. , The
Hyakujushi Bank, Ltd., The Yamaguchi Bank, Ltd. and The Yamanashi Chuo Bank, Ltd. The arranger is Sumitomo MitsuiBanking Corporation.
(Note 5) Mizuho Bank, Ltd. will be the sole lender, but the arranger will be Sumitomo Mitsui Banking Corporation.
(Note 6) For details of green finance (including green loan), please refer to the “Green Finance” page of the website of CRE REIT
(https://cre-reit.co.jp/en/esg/greenfinance.html).
(Note 7) The breakdown is not yet determined and will be announced when it has been determined.
(Note 8) These are anticipated maximum amounts of the loans as of today, and the ultimate loan amount may change before the drawdown
date after taking into account the amount of the proceeds from the issuance of new investment units in the public offering, asstated in the “Notice Concerning Issuance of New Investment Units (Green Equity Offering)” released today.
(Note 9) The base interest rate is the three-month Japanese yen TIBOR (quoted on a 365-day basis) published by the JBA TIBOR
Administration for a period corresponding to the interest calculation period at 11:00 am, two business days prior to theimmediately preceding interest payment date of each interest payment date (the first interest payment date is the drawdowndate). However, if there is not a rate corresponding to the relevant period, the base interest rate will be determined based on
the method stipulated in the contract. Details on the JBA Japanese TIBOR can be checked via the administration’s website(http://www.jbatibor.or.jp/english/). Note that commissions and fees paid to the above lenders are excluded. In addition, thebase interest rate will effectively be fixed by concluding an interest rate swap agreement.
(Note 10) The base interest rate is the one-month Japanese yen TIBOR (quoted on a 365-day basis) published by the JBA TIBOR
Administration for a period corresponding to the interest calculation period at 11:00 am, two business days prior to theimmediately preceding interest payment date of each interest payment date (the first interest payment date is the drawdowndate). However, if there is not a rate corresponding to the relevant period, the base interest rate will be determined based on
the method stipulated in the contract. Details on the JBA Japanese TIBOR can be checked via the administration’s website(https://www.jbatibor.or.jp/english/). Note that commissions and fees paid to the above lenders are not included.
(Note 11) These dates may be changed in line with changes in the issue price determination date for the issuance of new investment units
in the primary offering, as stated in the “Notice Concerning Issuance of New Investment Units (Green Equity Offering)”
released today.

2. Reason for the Borrowings
The Borrowings will be used as acquisition funds and for incidental expenses for one property to beacquired (the “Asset to Be Acquired”) stated in the “Notice Concerning Acquisition and Leasing of Trust
Beneficiary Right to Real Estate in Japan” released today.
Disclaimer: This press release is intended to disclose to the public the borrowing of funds (including Green Loan) by CRE REIT, and is
not an offer to sell or a solicitation of any offer to buy the securities of CRE REIT in the United States or elsewhere. Any
investment decision should be made based upon your own judgement. This press release does not constitute an offer ofsecurities in the United States of America. The investment units have not been, and will not be, registered under the UnitedStates Securities Act of 1933 (the “Securities Act”). The investment units may not be offered or sold in the United States
absent registration or an exemption from registration under the Securities Act. The investment units referred to above willnot be offered, publicly or otherwise, in the United States.

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3. Amount, Use and Scheduled Disbursement Date of Funds(i) Amount of funds to be procured:
11,000 million yen(ii) Specific use of funds to be procured:
Acquisition funds and incidental expenses for the Assetto Be Acquired(iii) Scheduled disbursement date:
September 15, 2021
(Note) Subject to change if there is a change to the issue price determination date for the issuance of new investment units in theprimary offering stated in the “Notice Concerning Issuance of New Investment Units (Green Equity Offering)” released today.

4. Status of Loans, etc. after the Borrowings(million yen)
Before theBorrowings

After the Borrowings

Increase or decrease

―

―

―

50,36961,36911,00050,36961,36911,000

2,000

2,000

―

52,36963,36911,000

Short-term loans payable
Long-term loans payable (Note)
Total loans payable
Investment corporation bonds
Total interest-bearing debt(Note) Long-term loans payable includes the current portion of loans payable within one year from today.

5. Future Outlook
For information on the outlook of the operating results of CRE REIT for the periods ending December 31,2021 and June 30, 2022, please refer to the “Notice Concerning Revision of Forecasts of Operating Results
for the Period ending December 31, 2021 and the Period ending June 30, 2022” announced today.
6. Other Matters Necessary for Investors to Understand and Assess This Information Properly
The risks related the Borrowings have not changed significantly from those stated in “Part 2: Reference
information, 2. Reference material: Supplementary information, (3) Investment risk” of the securities
registration statement submitted today and “Part 1: Information on the Fund, 1. Situation of the Fund, (3)Investment risk” of the securities report submitted on March 30, 2021.

* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/

Disclaimer: This press release is intended to disclose to the public the borrowing of funds (including Green Loan) by CRE REIT, and is
not an offer to sell or a solicitation of any offer to buy the securities of CRE REIT in the United States or elsewhere. Any
investment decision should be made based upon your own judgement. This press release does not constitute an offer ofsecurities in the United States of America. The investment units have not been, and will not be, registered under the UnitedStates Securities Act of 1933 (the “Securities Act”). The investment units may not be offered or sold in the United States
absent registration or an exemption from registration under the Securities Act. The investment units referred to above will
not be offered, publicly or otherwise, in the United States.

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