July 11, 2024
For Immediate Release
Real Estate Investment Trust Securities Issuer:
Advance Residence Investment Corporation(Securities Code：3269)
1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo
Representative: Wataru Higuchi, Executive Director
Asset Management Company:
ITOCHU REIT Management Co., Ltd.
Representative: Junichi Shoji, Representative Director,President & CEO
Inquiries:
Isao Kudo, Executive Officer(TEL. +81-3-6821-5483)

Notice Concerning Debt Financing (Including Green Loan) andRedemption of Bond, Repayment of Loan and Early Repayment of Loan

Advance Residence Investment Corporation (ADR) announced today its decisions to borrow funds to repay loan
coming due.
A portion of this loan is a green loan to be executed in accordance with the Green Finance Framework (hereinafterreferred to as the "Framework") developed by ADR. Going forward, ADR will continue to promote ESG considerationsin its asset management and enhance our financing base by procuring funds through green finance.

1.

Debt Financing (drawdown date: July 23, 2024)(1) Details of the Debt Financing(JPY:million)

No.

Lender1

Mizuho Bank, Ltd.
(Green Loan (Note1)）

2

SBI Shinsei Bank, Limited(Green Loan (Note1)）

PlannedDrawdown
Date

Loan
AmountInterest Rate

1,000

Base rate (Note2)+0.17500%

Principal
Repayment
Repayment
Perioddate

Principal
Repayment

Collateral/
Guarantee

January
24, 2033

Pay in fullon thematurity dateUnsecuredNon-guaranteed

1,500
July
23, 2024

Unfixed (Note3)

3

The Yamaguchi Bank, Ltd.
(Green Loan (Note1)）

4

The Keiyo Bank, Ltd.
(Green Loan (Note1)）

1,000

Total or Weighted Average

5,000

8.5year

1,500
Base rate (Note2)+0.17500%
8.5year・ For more information on the Green Finance Framework, please refer to the "Green Finance" page of ADR's website(https://www.adr-reit.com/en/sustain/07).
(Note2) ・Interest payment dates are the last business day of January, April, July, October, starting October 31, 2024 and ending on the principal
repayment date.
・The JBA 3 month yen TIBOR rate of two business days prior to the latest interest payment date will be used as the base rate to(Note1)

1[Provisional Translation]
This English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

calculate the applicable interest rate for the current calculation period. If the calculation period is less than 3 month, the accrued interest
will be calculated using the base rate applicable and according to the method described in the contract.
・The floating interest rate for the loan will not be announced in the future. Please refer to JBA website for the 3 month yen TIBOR.
(http://www.jbatibor.or.jp/english/ )(Note3) ・Interest payment dates are the last business day of January, April, July, October, starting October 31, 2024 and ending on the principal
repayment date.
・The interest rate for the loans will be announced separately.

(2) Purpose of the Debt Financing
The fund procured from the debt financing will be used to repay existing Loan as described in "3. Details of theLoan to be Repaid”. The existing borrowings were procured to repay a loan originally used in the acquisition ofResidia Tower Meguro-Fudomae. As of March 3, 2022, the property has acquired S-rank in the CASBEE
certification for real estate as Eligible Green Asset that meet the eligibility criteria under the Framework.

(3) Details of the Existing Bond to be Redeemed(JPY:million)
Name of Investment
Corporation Bond

Drawdown Date

LoanAmountInterest Rate
(fixed rate)

Principal
Repayment
Date

Repayment Period

Principal
Repayment

Collateral/
Guarantee

July 24,
2019

5,000

0.22000%

July 24,2024

5.0 year

Pay in full on
the maturity
date

UnsecuredNon-guarante
ed

Repayment
PeriodPrincipal
Repayment

Collateral/
Guarantee

6.0 year

Pay in full on
the maturity
date

UnsecuredNon-guaranteed

ADR Unsecured Bond #31(with Pari Passu clause among
specified investment corporationbonds)(4) Scheduled contract date of Green Loan
July 19, 20242.

Debt Financing (drawdown date: July 29, 2024)(1) Details of the debt financing(JPY:million)
LenderPlannedDrawdown Date

Loan AmountInterest Rate

Principal
Repayment
date

The Iyo Bank, Ltd.
The Chugoku Bank,Ltd.
The Bank of Kyoto,Ltd.

July29, 2024

1,300

Base rate (Note2)+0.15750%

July31, 2030

Repayment
PeriodPrincipal
Repayment

Collateral/Guarantee

8.0 year

Pay in fullon the maturity
date

UnsecuredNon-guaranteed(2) Purpose of the Debt Financing
To repay existing Loan due on July 29, 2024.
(3) Details of the Loan to be Repaid(JPY:million)
LenderPlannedDrawdown Date

Loan AmountInterest Rate

Principal
Repayment
date

The Iyo Bank, Ltd.
The Chugoku Bank,Ltd.
The Bank of Kyoto,Ltd.

July29, 2016

1,300

0.20000%

July29, 2030

(4) Scheduled Contract Date of the Debt Financing
July 25, 2024

2
[Provisional Translation]
This English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

3.

Debt Financing (drawdown date: July 31, 2024)(1) Details of the Debt Financing(JPY:million)

No.

Lender

1

MUFG Bank, Ltd.
(Green Loan (Note1)）

2

MUFG Bank, Ltd.
(Green Loan (Note1)）

PlannedDrawdown
Date

Loan
AmountInterest Rate

1,000

1,000

34

Resona Bank, Limited.
(Green Loan (Note1)）

1,600

Total or Weighted Average

6,100

July29, 2033

9.0yearJanuary31, 2030

5.5yearJuly31, 2034

10.0yearUnfixed (Note3)

July31, 2024

The Chiba Bank, Ltd.
The Norinchukin Bank
(Green Loan (Note1)）

Principal
Repayment
Repayment
Perioddate

2,500
Base rate (Note4)+0.21000%

Principal
Repayment

Collateral/Guarantee

Pay in fullon thematurity dateUnsecuredNon-guaranteed

7.3year(Note4) The loan to Resona Bank, Ltd. has been determined by Resona Bank, Ltd. to meet the requirements for the subject investment and loan
as disclosed in the "Use of the Bank of Japan's Climate Change Operations" (hereinafter referred to as "Climate Change Operations"),
and will be funded by the Bank of Japan through the Climate Change Operations. The Company plans to receive funds from the Bankof Japan through the Climate Change Operations. Therefore, the interest rate for the loan is based on the interest rate stipulated in thebasic guidelines for climate change operations. In the event that some or all of the applicable requirements are not met during the loan
period, or in the event that the BOJ discontinues the climate change operations and no longer quotes rates, the interest rate forsubsequent loan periods will be based on the 1 month Japanese yen TIBOR published by the JBA TIBOR management organization asof two business days before the interest payment date for the immediately preceding interest calculation period. The base interest rate
will be the 1 month Japanese yen TIBOR published by the Japanese Bankers Association (JBA) as of two business days prior to theinterest payment date.
・Interest payment dates are the last business day of every month starting August 30, 2024 and ending on the principal repayment date.
・The interest rate on the floating-rate borrowings will not be announced in the future. Please refer to the Bank of Japan's website "Funds
Supply Operations to Support Response to Climate Change (https://www.boj.or.jp/mopo/measures/mkt_ope/ope_x/index.htm)" forinformation on changes in the Bank of Japan's base rate.

(2) Purpose of the Debt Financing
The funds will be used for the early repayment of existing borrowings as described in "4. The said existing
borrowings are the funds procured as borrowings at the time of acquisition of Residia Sendagi and Tokyo
Student-House Musashi-Kosugi. Residia Sendagi is scheduled to acquire CASBEE certification for real estate on
July 26, 2024, and Tokyo Student House Musashi Kosugi is scheduled to acquire DBJ Green Building certification
on July 26, 2024, as Eligible Green Assets that meet the eligibility criteria under the framework.

(3) Scheduled contract date of Green Loan
July 29, 2024
4.

Details of the early repayment of loan
No. 1 and 2 are Loan based on the loan commitment agreement concluded on May 1, 2015
No.3 is Loan based on the monetary loan agreement concluded on July 16, 2024
Early Repayment Date：July 31, 2024

3
[Provisional Translation]
This English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

No.

Drawdown Date

Maturity Date

12

April 18, 2024

January 31, 2025

Lender
MUFG Bank, Ltd.
Sumitomo Mitsui Trust
Bank, Limited
Mizuho Bank, Ltd.
The Norinchukin Bank

3

(JPY:million)
Loan Outstanding
after Early
Repayment[A]-[B]

Loan Outstanding
before Early
Repayment[A]

Early Repayment
Amount
[B]

3,000

3,000

0

1,600

1,60001,500

1,5000

Reference Material: Debt Financing Balance (As of July 31, 2024)（JPY:million）

Short-term Loans
Long-term Loans
Total Loans
Corporate Investment Bonds

Before Refinancing(Note5)
8,100
200,709
208,809
29,100After Refinancing(Note6)
2,000
211,809
213,809
24,100

Increase (Decrease)▲6,100
11,100237,909237,909－

Total interest-bearing debt

5,000
▲5,000(Note5) As of July 22, 2024
・There will be no increase or decrease in loans and investment corporation bonds other than the above.
(Note6) As of July 31, 2024

About Advance Residence Investment Corporation
Advance Residence Investment Corporation is the largest J-REIT specializing in residential properties and is managed by ITOCHU REITManagement Co., Ltd. (IRM), the asset management company of the ITOCHU Group, investing in over 280 rental apartments located mostly incentral Tokyo and in other major cities throughout Japan (AUM over 490 billion yen). ADR can be expected have a stable dividend in the long-termand can be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve among
J-REITs.
"Advance" is the common brand name of the real estate investment corporation managed by ITOCHU REIT Management Co., Ltd.
ADR’s website:

https://www.adr-reit.com/en/IRM’s website :https://www.itc-rm.co.jp/en/

4[Provisional Translation]
This English translation of the original Japanese document is provided solely for informational purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.