July 28, 2020
To All Concerned Parties
Name of REIT Issuer:
CRE Logistics REIT, Inc.
2-10-1, Toranomon, Minato-ku, Tokyo, Japan
Tsuyoshi Ito, Executive Director(TSE Code: 3487)
Asset Management Company
CRE REIT Advisers, Inc.
Tsuyoshi Ito, President
Person of Contact:
Hirohisa Toda, Head of Corporate Planning
Tel: +81-3-5575-3600

Notice Concerning Transfer of Part of Trust Beneficiary Interests in Real Estate in Japan
CRE Logistics REIT, Inc. (hereinafter “CRE REIT”) hereby announces that CRE REIT Advisers,
Inc. (hereinafter “the Asset Management Company”), the asset management company to which CRE
REIT entrusts the management of its assets, decided to transfer part of the trust beneficial interestsin the following asset on July 28, 2020.

1． Overview of the transfer(1) Name of asset to be transferred:

LogiSquare Tosu (part of the land)(2) Area to be transferred:

1,079.18 m 2 (approximately 6.8% of the site area
before the transfer of 15,777.89 m 2)

(3) Planned transfer price (Note 1):

57 million yen(4) Book value (Note 2):

56 million yen(5) Gain (loss) on transfer (Note 3):

0 million yen(6) Planned transferee:

National government of Japan(7) Existence of broker:

None(8) Date of determination of transfer:

July 28, 2020

(9) Planned date of agreement:

August 2020(10) Planned date of transfer:

August 2020(11) Settlement method:

70% of the transfer price will be received after transferring theownership and applying for the registration of cancellation of trust and30% of the transfer price will be received after completing the surrender,respectively.

(Note 1) “Planned transfer price” is the sales price set forth in the agreement on sale and purchase of the asset to be transferred.
The purchase price does not include national and local consumption taxes or acquisition costs and is rounded down
to the nearest million yen. The same applies hereinafter.
(Note 2) “Book value” is the amount as of the end of the fiscal period ended June 30, 2020, and is rounded down to the nearest
million yen.
(Note 3) “Gain (loss) on transfer” is the expected amount calculated by deducting the book value from the planned transfer
price and rounded down to the nearest million yen.

1

2． Reasons for the transfer
CRE REIT decided to transfer the site on the east side of LogiSquare Tosu, the acquisition of which
was requested by the national government as a road site based on the widening project of National
Route 3, which is the frontal road of LogiSquare Tosu, because an agreement was reached on theterms of sales with the national government.
In addition, CRE REIT confirmed that there will be no issue in complying with the floor -area ratio,
the building coverage ratio and road diagonal restrictions set forth in the Building Standards Act evenafter the transfer.
3． Details of the asset to be transferred
Propertyno.
LogiSquare Tosu
Ｏ-１

Category

Logistics-related
facilities

Outline of specified assets
Type of specified assets
Planned transfer priceLand

Trust beneficial
Mitsubishi UFJ Trust andOverview
of Trustee
interest
Banking Corporation
trust beneficial
Trust maturity
interest\57,088,622
March 31, 2038
date

Location

975-1, Ochiai, Sonezaki-cho, Tosu-shi, Saga

Area to be transferred

1,079.18 m2 (approximately 6.8% of the site area before the transfer of15,777.89 m2)

Zoning

Quasi-industrial district

Building
coverage
60％ (Note)/200％
ratio/floor-area ratio
Type of ownershipProprietary ownership(Note) The building coverage ratio was originally 60% but has increased to 70% as a result of applying the easing on thecorner lot.

4． Overview of the transferee(1) Name of planned transferee:

National government of Japan(2) Relationship with CRE REIT and the Asset Management Company:
Neither falls under a person with special interest.
5． Operating forecasts
The impact of this matter is immaterial, and operating forecasts for the fiscal period ending
December 31, 2020 and the fiscal period ending June 30, 2021, announced on June 29, 2020 in the“Notice Concerning Revision of Forecasts of Operating Results for the Period ending December 31,
2020 and Forecasts of Operating Results for the Period ending June 30, 2021,” remain unchanged.
* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/2