February 5, 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 Receiving the “Good Action Award in Social Category” in ARES
Advance Residence Investment Corporation (ADR) hereby announces that ADR was awarded the “Good Action
Award in Social Category” in the ARES ESG Award 2023 sponsored by the Association for Real Estate Securitization(“ARES”).
1. About ARES ESG Award
This Award is an award program established by ARES to promote ESG initiatives of J-REITs. The aim of theprogram is to enhance the ESG initiatives of J-REITs and improve their investor recognition, by awarding the uniqueinitiatives to share them widely within and outside the industry, rather than ranking each J-REIT as in the existing
external rating and certification systems. There are Good Action Award (self recommendation) and BestRecommendation Award (recommendation by other J-REITs) for review, and awards are given in Environmental, Social,and Governance Categories for each award.
2.

Receiving the Good Action Award in Social Category

In this award, asset management company of ADR (formerly AD Investment Management Co., Ltd.) initiative tohold a competition for students to submit renovation ideas for the rental residences which manages on the premise thatthey will be constructed was highly evaluated for its unique approach, incorporating the perspective of human capitaldevelopment into the project, and appealing to the social aspect of value. The project received the "Good Action
Award in Social Category" for its highly original approach and the fact that it incorporated the perspective of humancapital development into the project and appealed to social values.
For details, please refer to the website of ARES below (in Japanese only).
ARES ESG Award 2023: https://www.ares.or.jp/esg_award/

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.

3.

Initiatives for ADR and IRM

ADR and ITOCHU REIT Management Co., Ltd, (IRM) the asset management company to which ADR entrusts themanagement of its assets recognizes the importance of sustainability through environmental consideration, social
contributions and improving its tenants’ satisfaction to maintain and add value to ADR’s assets in the medium to longterm. We will continue to promote these activities to further raise our unitholder’s value going forward.

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 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[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.