February 6, 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 and Repayment of Loan

Advance Residence Investment Corporation (ADR) announced today its decisions to borrow funds to repay loan
coming due.

1.

Debt Financing (drawdown date: February 16, 2024)(1) Details of the Debt Financing(JPY:million)
No.

LenderPlannedDrawdown
Date

1

Sumitomo Mitsui Trust Bank,
LimitedFebruary
16, 2024

Loan
AmountInterest Rate

1,000

Base rate (Note1)+0.17000%

Principal
Repayment
Repayment
Perioddate

Principal
Repayment

Collateral/Guarantee

February
16, 2032

Pay in fullon thematurity dateUnsecuredNon-guaranteed

8.0 year(Note1) ・Interest payment dates are the last business day of January, April, July, October, starting April, 30, 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 tocalculate 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/ )(2) Purpose of the Debt Financing
To repay existing Loan due on February 16, 2024.

(3) Scheduled Contract Date of the Debt Financing
February 14, 2024

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.

2.

Details of the Loan to be Repaid(JPY:million)
LenderDrawdown
DateLoanAmountInterest Rate

PrincipalRepaymentRepayment
Perioddate

MUFG Bank, Ltd.
Sumitomo Mitsui Trust Bank, Limited

February17, 2014

1,000

1.43825％(Note2)

February
16, 2024

10.0 year

Principal
Repayment

Collateral/Guarantee

Pay in fullon thematurity dateUnsecuredNon-guaranteed(Note2) The interest rate is fixed through interest rate swap.

Reference Material: Debt Financing Balance (As of February 16, 2024)（JPY:million）

Before Refinancing(Note3)

After Refinancing

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

5,000
190,909
195,90931,6005,000
190,909
195,90931,600Total interest-bearing debt

227,509

227,509

Increase (Decrease)-(Note3) As of February 15, 2024
・There will be no increase or decrease in loans and investment corporation bonds by February 15, 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 480 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 amongJ-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/

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.