December 11, 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: December 18, 2023)(1) Details of the Debt Financing(JPY:million)
No.

LenderPlannedDrawdown
Date

1

The Bank of Fukuoka, Ltd.

December18, 2023

Scheduled
AmountInterest Rate

1,000

Base rate (Note1)+0.18000%

Principal
Repayment
Repayment
Perioddate

Principal
Repayment

Collateral/
Guarantee

December17, 2032

Pay in fullon thematurity dateUnsecuredNon-guaranteed

9.0 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 December 18, 2023. (Note2)(Note2) ・The difference of 1,000 million yen from the total of 2,000 million yen in existing loans scheduled for repayment on December 18,2023 ( "2. Details of the Loans to be Repaid " below) will be repaid with funds on hand.

(3) Scheduled Contract Date of the Debt Financing
December 14, 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)
Lender

The Norinchukin Bank
The Bank of Fukuoka, Ltd.

PlannedScheduled
Drawdown
AmountDate
December18, 2015

2,000Interest Rate

Principal
Repayment
Repayment
Perioddate

Principal
Repayment

Collateral/
Guarantee

0.60500%(Note3)

December18, 2023

Pay in fullon thematurity dateUnsecuredNon-guaranteed

8.0 year(Note3) The interest rate is fixed through interest rate swap.

Reference Material: Debt Financing Balance (As of December 18, 2023)（JPY:million）

Before Refinancing(Note4)

After Refinancing

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

5,000
193,109
198,10931,6005,000
192,109
197,10931,600Total interest-bearing debt

229,709228,709

Increase (Decrease)(1,000)(1,000)(1,000)(Note4) As of December 15, 2023
・There will be no increase or decrease in loans and investment corporation bonds by December 15, 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.