February 25, 2022
For Immediate Release

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

Notice Concerning Debt Financing (including “Green Loan” and “Sustainability-Linked Loan”)
Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) announces today that it has decided to obtain debt
financing (the “Borrowings”) as outlined below.

1.

Details of the Borrowings

Category(Note 1)

LenderBorrowingAmount(Millions ofyen)

Interest Rate

Borrowing
Date

2,000
Shortterm

Mizuho Bank, Ltd.

1,100
(Note 3)

Base interest rate
+0.0700%(floating rate)(Note 4) (Note 5)

700

Longterm
Longterm

Sumitomo Mitsui Banking
Corporation

1,000

The Shinkumi Federation
Bank

2,000

The Nishi-Nippon City Bank,
Ltd.

500

0.22000%(fixed rate)(Note 6)0.25000%(fixed rate)(Note 6)0.45750%(fixed rate)(Note 6)

Borrowing
MethodRepaymentDate(Note 2)

Borrowing basedon the overdraft
agreement dated
August 13, 2018,
entered into withthe lender shownon the left

March 1,2023

Repayment
MethodCollateral

Paid infull uponmaturity

Unsecuredand nonguaranteed

March 1,2026
March 1,2027

March 1,2022

March 1,
2028
Borrowing basedon an individual
term loan
agreement dated
February 25,
2022, enteredinto with thelenders shown on
the left

MUFG Bank, Ltd.
(ESG Evaluation Loan forJ-REIT) (Note 7)
The 77 Bank, Ltd.
The Chiba Bank, Ltd.
The Hachijuni Bank, Ltd.
Daiwa Next Bank, Ltd.
The Keiyo Bank, Ltd.
The Chugoku Bank, Limited

5,0000.52630%(fixed rate)(Note 6)The Bank of Fukuoka, Ltd.

1,0000.56615%(fixed rate)(Note 6)

March 1,2030

Mizuho Bank, Ltd.
(Green Loan) (Note 8)
The Nishi-Nippon City Bank,Ltd.

1,5000.63400%(fixed rate)(Note 6)

March 1,2031

March 1,2029

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the debt financing, and has not beenprepared for the purpose of soliciting investment. Investors are asked to ensure that they read the prospectus for the issuance of new investment
units, as well as any amendments thereto, prepared by MEL before they invest and that they make decisions on investment at their own discretion.

1Category(Note 1)Longterm

LenderShinkin Central Bank
(Green Loan) (Note8)
Shinsei Bank, Limited(Green Loan) (Note8)
The Yamaguchi Bank, Ltd.
(Green Loan) (Note8)
The Yamagata Bank, Ltd.
The Gunma Bank, Ltd.
Kansai Mirai Bank, Limited

BorrowingAmount(Millions ofyen)

Interest Rate

7,000

0.70250%(fixed rate)(Note 6)The Norinchukin Bank
(Sustainability-LinkedLoan) (Note 9)

2,000

The Yamanashi Chuo Bank,Ltd.

1,000

Total

24,800Borrowing
Date

Borrowing
MethodRepayment
Date(Note 2)

Repayment
MethodCollateral

March 1,2022

Borrowing basedon an individual
term loan
agreement dated
February 25, 2022,
entered into withthe lenders shownon the left

March 1,2032

Paid infull uponmaturity

Unsecuredand nonguaranteed-----

0.71250%(fixed rate)(Note 6)0.50000%(fixed rate)(Note 6)-(Note 1) “Short-term” refers to borrowings due within one year from the borrowing date. “Long-term” refers to borrowings due within a period longer
than one year from the borrowing date. The same shall apply hereinafter.
(Note 2) The repayment date will be either the following business day if the repayment date falls on a non-business day or the preceding business day
if the repayment date would fall in the next calendar month.
(Note 3) This Borrowing is a third-party allotment loan. MEL plans to repay it in full using the proceeds from the third-party allotment or cash reserves.
Please refer to the press releases “Notice Concerning Issuance of New Investment Units (Green Equity Offering) and Secondary Offering ofInvestment Units” dated February 7, 2022 and “Notice Concerning Determination of Pricing and Issuance of New Investment Units (GreenEquity Offering) and Secondary Offering of Investment Units” dated February 16, 2022, for details of the third-party allotment and theproceeds from the third-party allotment.
(Note 4) If the base interest rate is negative, it is calculated as 0.
(Note 5) The first interest payment date is April 1, 2022. Thereafter, the interest payment date will be on the first day of every month until and including
the repayment date. An interest payment date will be either the following business day if the interest payment date falls on a non-business
day or the preceding business day if the interest payment date would fall in the next calendar month. The base interest rate refers to theinterest rate (a 365-day base) of the Japanese yen Tokyo Interbank Offered Rate (“TIBOR”) for one-month deposits announced by JBA TIBORAdministration (General Incorporated Association) two business days before the last date for the immediately preceding interest calculation
period of the borrowing date or the interest period. However, if the interest calculation period is less than one month, the base interest rate
defined in the loan agreements will be applied according to the terms and conditions of the loan agreements. Please refer to JBA TIBOR
Administration’s website (https://www.jbatibor.or.jp/english/) for changes in the JBA Japanese yen TIBOR.
(Note 6) The first interest payment date is April 28, 2022. Thereafter, the interest payment date will be on the last day of January, April, July andOctober until and including the repayment date. An interest payment date will be either the following business day if the interest payment
date falls on a non-business day or the preceding business day if the interest payment date would fall in the next calendar month.
(Note 7) Please refer to the press release “Notice Concerning Acquisition of “MUFG ESG Rating Certificate for J-REIT supported by JCR” dated November
9, 2018, for details of the “ESG Loan for J-REIT”.
https://mel-reit.co.jp/file/en-news-101011a4be284419271528925c4738d72399e885.pdf(Note 8) The entire amounts of the Borrowings from Mizuho Bank, Ltd., Shinkin Central Bank, Shinsei Bank, Limited and The Yamaguchi Bank, Ltd. will
be procured as green loans (collectively "the Green Loan"). The Green Loan will be allocated to the acquisition of the specified assets whichmeet the eligibility criteria (“Green Eligible Assets”), LOGIPORT Kawasaki Bay and Logicross Atsugi II, in accordance with the Green Finance
Framework formulated by MEL. For details of our green finance framework (including Green Loans), please refer to the "Green Finance" pageon the website of MEL.
https://mel-reit.co.jp/en/esg/environment/greenfinance.html
In addition, the entire amount of the Long-term Borrowing from Shinsei Bank, Limited will be procured as a “Shinsei Green Loan”, a loan
which designates use of funds for businesses or projects that can provide clear environmental benefits, in accordance with the Shinsei GreenFinance Framework formulated by Shinsei Bank, Limited.
(Note 9) The entire amount of the Borrowing from The Norinchukin Bank will be procured as a sustainability-linked loan ("Sustainability-Linked Loan").
Please refer to the press release “Conclusion of Sustainability-Linked Loan Agreement” dated February 25, 2022, for details of theSustainability-Linked Loan.

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the debt financing, and has not been
prepared for the purpose of soliciting investment. Investors are asked to ensure that they read the prospectus for the issuance of new investment
units, as well as any amendments thereto, prepared by MEL before they invest and that they make decisions on investment at their own discretion.

2https://mel-reit.co.jp/file/en-news-04c02a1bc3f000d3f34d136f3bac018bc79ffffa.pdf

2.

Reason for the Borrowings
The net proceeds from the Borrowings, together with the net proceeds from the offering (the “Offering”) (Note 1)
and cash on hand, will be used, for the acquisition costs of the two new properties (the “Two New Properties”) (Note2) scheduled to be acquired on March 1, 2022 and related expenses.

(Note 1) Please refer to the press releases “Notice Concerning Issuance of New Investment Units (Green Equity Offering) and Secondary Offering ofInvestment Units” dated February 7, 2022 and “Notice Concerning Determination of Pricing and Issuance of New Investment Units (GreenEquity Offering) and Secondary Offering of Investment Units” dated February 16, 2022, for details of the Offering and the net proceeds fromthe Offering.
(Note 2) Please refer to the press release “Notice Concerning Acquisition of Domestic Real Estate Trust Beneficiary Interests and Lease Contracts with
New Tenants” dated February 7, 2022, for details of the Two New Properties.

3.

Total Amount, Purpose of Use and Scheduled Date of the Proceeds(1) Total Amount:
24,800 million yen(2) Specific Purpose of Use:
The acquisition costs of the Two New Properties and related expenses(3) Scheduled Date:
March 1, 2022

4.

Outstanding Debt Balance after the Borrowings

Short-term Borrowings
Long-term Borrowings
Total Borrowings
Investment Corporation Bonds
Total Borrowings andInvestment Corporation Bonds
5.

Beforethe Borrowings

56,37456,3742,000

After
the Borrowings
3,800
77,374
81,1742,000

58,374

83,174(Unit: Millions of yen)
Change+3,800+21,000+24,800+24,800

Additional Information for Investors
For the risks associated with the Borrowings, there have been no changes to “I. Fund Information, 1. Fund Status, 3.
Investment Risks” stated in the Securities Report filed on November 29, 2021 (Japanese only) and “II. Reference Information,
2. Supplementary Information on Reference Materials, 3. Investment Risks” stated in the Securities Registration Statement
filed on February 7, 2022 (Japanese only).

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 debt financing, and has not been
prepared for the purpose of soliciting investment. Investors are asked to ensure that they read the prospectus for the issuance of new investment
units, as well as any amendments thereto, prepared by MEL before they invest and that they make decisions on investment at their own discretion.

3