November 21, 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.
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: November 30, 2023)(1) Details of the Debt Financing(JPY:million)
No.

LenderPlannedDrawdown
Date1

Mitsui Sumitomo Insurance
Company, Limited

November30, 2023

Scheduled
AmountInterest Rate

1,000Base rate (Note1)+0.16000%

Principal
Repayment
Repayment
Perioddate

Principal
Repayment

Collateral/
Guarantee

November29, 2030

Pay in fullon thematurity dateUnsecuredNon-guaranteed

7.0 year(Note1) ・Interest payment dates are the last business day of January, April, July, October, starting January, 31, 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 November 30, 2023.

(3) Scheduled Contract Date of the Debt Financing
November 28, 2023

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)
LenderMitsui Sumitomo Insurance
Company, Limited

PlannedScheduledDrawdown
AmountDate
November30, 2016

1,000Interest Rate

PrincipalRepaymentRepayment
Perioddate

Principal
Repayment

Collateral/Guarantee

0.31750%

November30, 2023

Pay in fullon thematurity dateUnsecuredNon-guaranteed

7.0 year

Reference Material: Debt Financing Balance (As of November 30, 2023)（JPY:million）

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

Before Refinancing(Note2)
5,000
194,609200,20931,600231,809

After Refinancing
5,000
194,609
199,60931,600231,209

Increase (Decrease)-(Note2) As of November 29, 2023
・There will be no increase or decrease in loans and investment corporation bonds by November 29, 2023.

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.