October 16, 2023
For Immediate Release
Advance Residence Investment CorporationSecurities Code: 3269
1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo
Wataru Higuchi, Executive Director
Asset Management Company:
ITOCHU REIT Management Co., Ltd.
1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo
Junichi Shoji, Representative Director, President & CEO
Inquiries:
Isao Kudo, Executive Officer
TEL. +81-3-6821-5483

The Number of New Investment Units Issued by Way of Third-Party Allotment
Advance Residence Investment Corporation (ADR) announced today that it has received a notice from Mizuho
Securities Co., Ltd. that it will fully exercise the option granted by ADR to acquire the ADR investment units inrelation to the issuance of new investment units through third-party allotment. The resolution on the issuance ofunits by way of third-party allotment was passed at meetings of ADR’s board of directors held on September 12,2023 and September 20, 2023, same time as the resolution on the issuance of new investment units through public
offering (public offering) and secondary offering of investment units (secondary offering via over-allotment). The
details are as follows.
(1) Number of Investment Units Issued(2) Allottee(3) Paid-in Amount (Issue Value)(4) Total Paid-in Amount(Total Issue Amount)(5) Subscription Period(6) Payment Date

2,400 units(Number of Investment Units to be Issued 2,400 units)
Mizuho Securities Co., Ltd.
317,992 yen per unit
763,180,800 yen
October 18, 2023 (Wednesday)
October 19, 2023 (Thursday)

1
Disclaimer: This document is a press release prepared for the sole purpose of making a public announcement on the issuance of new investment
units and secondary distribution of investment units of Advance Residence Investment Corporation, and has not been prepared as
an offer or a solicitation for investment. Before initiating investments, Advance Residence Investment Corporation asks thatinvestors ensure they refer to the prospectus for the issuance of new investment units and secondary distribution of investment
units and amendments thereto prepared by Advance Residence Investment Corporation and that they undertake investment at theirown discretion and responsibility.

<Reference>1.

About the Issuance of New Investment Units by Way of Third-Party Allotment
The above issuance of new investment units by way of third-party allotment is a matter on which resolution
was passed at meetings of ADR’s board of directors held on September 12, 2023 and September 20, 2023, sametime as the resolution on the issuance of new investment units through public offering (public offering) andsecondary offering of investment units (secondary offering via over-allotment).
For details on the third-party allotment and other related information, please refer to the “Notice Concerning
Issuance of New Investment Units and Secondary Offering of Investment Units” dated September 12, 2023 and“Notice Concerning Decisions on Pricing of New Issuance and Secondary Offering of Investment Units” dated
September 20, 2023.

2.

Changes in Number of Investment Units Issued and Outstanding Due to the Above Third-Party Allotment
Total number of investment units issued and outstanding at present
Increase in number of investment units due to the above third-party allotment
Total number of investment units issued and outstanding after third-party allotment3.

1,430,600 units
2,400 units
1,433,000 units

Use of Funds Procured from Above Third-Party Allotment
The proceeds fund from the above third-party allotment (763,180,800 yen) (Note) will be used to partly fund theacquisition of the specified asset that ADR is scheduled to acquire. (Please refer to the press release announced
on September 12, 2023 “Notice Concerning Acquisition of Investment Asset (RESIDIA Shirokane-Takanawa
Ⅱ and 10 other properties)”.
(Note) The funds to be procured will be deposited with a financial institution until disbursed.

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 locatedmostly in central Tokyo and in other major cities throughout Japan (AUM over 480 billion yen). ADR can be expected have a stabledividend in the long-term and can be considered as a defensive J-REIT, on back of the stable income from residential assets and with thelargest 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/2
Disclaimer: This document is a press release prepared for the sole purpose of making a public announcement on the issuance of new investment
units and secondary offering of investment units of Advance Residence Investment Corporation and has not been prepared as anoffer or a solicitation for investment. Before initiating investments, Advance Residence Investment Corporation asks that investors
ensure they refer to the prospectus for the issuance of new investment units and secondary offering of investment units andamendments thereto prepared by Advance Residence Investment Corporation and that they undertake investment at their owndiscretion and responsibility.