March 1, 2021
For Immediate Release
Real Estate Investment Trust Securities Issuer
1‐6‐5 Marunouchi, Chiyoda‐ku, Tokyo
Mitsubishi Estate Logistics REIT Investment Corporation
Representative: Masaki Sakagawa, Executive Director(Securities Code: 3481)
Asset Management Company
Mitsubishi Jisho Investment Advisors, Inc.
Representative: Haruhiko Araki, President & CEO
Contact:
Masaki Sakagawa, Executive Vice
President, General Manager, Logistics
REIT Management Department
TEL: +81‐3‐3218‐0030

Notice Concerning Determination of Pricing and Issuance of New Investment Units andSecondary Offering of Investment Units
Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) today announced that, on Mar. 1, 2021, its board ofdirectors passed a resolution regarding the issue price, distribution price and other matters in connection with theissuance of new investment units and a secondary offering of investment units for which a resolution was passed at themeeting of its board of directors held on Feb. 18, 2021. The details are described below.
1. Issuance of New Investment Units through Public Offering (Public Offering)(1)
Number of investment units to be offered
41,000 units
Out of the above number of investment units to be offered,
12,390 units will be purchased by overseas investors ininternational markets mainly in Europe and Asia (excluding
the United States and Canada).
(2)
Amount to be paid in (issue amount)
390,402 yen per unit
(3)
Net proceeds
16,006,482,000 yen(4)Issue price (offer price)403,650 yen per unit
(5)
Total amount issued (total offer value)
16,549,650,000 yen(6)Application period
Tuesday, Mar. 2, 2021 to Wednesday, Mar. 3, 2021
(7)
Payment date
Friday, Mar. 5, 2021
(8)
Delivery date
Monday, Mar. 8, 2021
(Note) The underwriters will purchase and underwrite the investment units at the amount to be paid in (issueamount) and offer the investment units at the issue price (offer price).
2. Secondary Offering of Investment Units (Secondary Distribution via Over‐allotment)(1)
Number of investment units to be distributed 2,050 units(2)
Distribution price403,650 yen per unit
(3)
Total amount of distribution price827,482,500 yen(4)Application period
Tuesday, Mar. 2, 2021 to Wednesday, Mar. 3, 2021
(5)
Delivery date
Monday, Mar. 8, 2021

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the determination of pricing
and issuance of new investment units and secondary offering of investment units, and has not been prepared for the purpose of soliciting
investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been,
and will not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “Securities Act”). The
securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The
securities referred to above will not be offered or sold, publicly or otherwise, in the United States.

13. Issuance of New Investment Units through Third‐party Allotment(1)
Amount to be paid in (issue amount)
390,402 yen per unit
(2)
Net proceeds
800,324,100 yen (maximum)(3)
Application period (application date)
Monday, Apr. 5, 2021
(4)
Payment date
Tuesday, Apr. 6, 2021
(Note) If there is no subscription for the investment units on or before the application period (application date)described in (3) above, the issuance of such investment units shall be canceled.
<Reference>
1. Basis for Calculating the Issue Price and Distribution Price:(1)
Reference date of calculation and price: Monday, Mar. 1, 2021
(2)
Discount rate: 2.50%

414,000 yen

2. Syndicate Covering Transaction Period
Thursday, Mar. 4, 2021 to Friday, Apr. 2, 2021
3. Use of the Proceeds
Net proceeds from the Public Offering (16,006,482,000 yen) are scheduled to be partially used to fund theacquisition of the new specified assets (as defined in Article 2, Paragraph 1 of the Act on Investment Trusts andInvestment Corporations of Japan; the same shall apply herein), which are described in the “Notice Concerning
Acquisition of Domestic Real Estate Trust Beneficiary Interests and Lease Contracts with New Tenants” which wasreleased on Feb. 18, 2021. The maximum proceeds from the issuance of new investment units through the Third‐partyAllotment (up to 800,324,100 yen) are scheduled to be used to fund the repayment of all or a portion of the borrowings.
The remainder of the net proceeds of the Third‐party Allotment will be kept as cash on hand and be deposited withfinancial institutions until the time of expenditure. Such cash on hand will be utilized to fund a portion of futureacquisitions of specified assets or a portion to repay borrowings.

For more information about Mitsubishi Estate Logistics REIT Investment Corporation, please visit:https://mel‐reit.co.jp/en/

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the determination of pricing
and issuance of new investment units and secondary offering of investment units, and has not been prepared for the purpose of solicitinginvestment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been,and will not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “Securities Act”). The
securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The
securities referred to above will not be offered or sold, publicly or otherwise, in the United States.

2