April 9, 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
Isao Kudo, Executive Officer
Inquiries:(TEL. +81-3-6821-5483)
Notice Concerning Debt Financing

Advance Residence Investment Corporation (ADR) announced today its decisions to borrow funds.
1.

Debt Financing (drawdown date: April 18, 2024)(1) Details of the Debt Financing
PlannedDrawdown
Date

Loan
AmountInterest Rate

Principal
Repayment
Repayment
Perioddate

No.

Lender

1

The Norinchukin Bank

1,500

Base rate (Note1)+0.11000%

January
31, 2025

0.8year2

Mizuho Bank, Ltd.

2,000

Base rate (Note1)+0.11000%April
18, 2025

1.0year3

Shinkin Central Bank
The 77 Bank, Ltd.

2,300

Base rate (Note2)+0.18000%April
18, 2033

9.0yearBase rate (Note1)+0.30000%

January
31, 2025

0.8year4(Note3)5(Note3)

MUFG Bank, Ltd.
Sumitomo Mitsui Trust Bank,
LimitedMizuho Bank, Ltd.
MUFG Bank, Ltd.
Sumitomo Mitsui Trust Bank,
LimitedMizuho Bank, Ltd.
Total or Weighted Average

April18, 2024(JPY:million)
Principal
Repayment

Collateral/
Guarantee

Pay in fullon thematurity dateUnsecuredNon-guaranteed

3,000

1,600

10,4002.6year(Note1) ・Interest payment dates are the last business day of every month starting April 30, 2024 and ending on the principal repayment date.
・The JBA 1 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 1 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 (https://www.jbatibor.or.jp/english/)for the 1 month yen TIBOR.
(Note2) ・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/ )(Note3) ・This is a loan based on the loan commitment agreement concluded on May 1, 2015.

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) Purpose of the Debt Financing
No. 1, 2, and 5 listed in the details of the Debt Financing
to partially fund the acquisition of the beneficiary interest in trust (Tokyo Student-House Musashi-Kosugi).
No. 3 listed in the details of the Debt Financing
to partially fund the acquisition of the beneficiary interest in trust (RESIDIA Bunkyo-HongoⅣ) and paymentof related expenses.
No. 4 listed in the details of the Debt Financing
to partially fund the acquisition of the beneficiary interest in trust (RESIDIA Sendagi) and payment of relatedexpenses.
(3) Scheduled Contract Date of the Debt Financing
No. 1, 2, and 3 listed in the details of the Debt Financing

April 16, 2024

(4) Scheduled date of submission of loan application based on the Commitment Line Agreement
No. 4, 5 listed in the details of the Debt Financing

April 9, 2024

Reference Material: Debt Financing Balance (As of April 18, 2024)（JPY:million）

Short-term Loans
Long-term Loans
Total Loans
Corporate Investment Bonds
Total interest-bearing debt

Before Refinancing(Note4)
2,000
193,909
195,90931,600227,509

After Refinancing
10,100196,209206,30931,600237,909

Increase (Decrease)
8,100
2,300
10,40010,400(Note4) As of April 17, 2024
・There will be no increase or decrease in loans and investment corporation bonds by April 17, 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 470 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.