April 15, 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 (Including Green Loan), Repayment of Loan,and Redemption of Bond
Advance Residence Investment Corporation (ADR) announced today its decisions regarding debt financing andredemption of bond as detailed below.
A portion of this loan is a green loan to be executed in accordance with the Green Finance Framework (hereinafterreferred to as the "Framework") developed by ADR. Going forward, ADR will continue to promote ESG considerationsin its asset management and enhance our financing base by procuring funds through green finance.
1.

Debt Financing (drawdown date: April 24, 2024)(1) Details of the Debt Financing
LenderMitsubishi UFJ Trust andBanking Corporation(Green Loan (Note1)）

PlannedDrawdown
Date

Loan
AmountInterest Rate

April
24, 2024

2,000

Base rate (Note2)+0.37000%

Principal
Repayment
Repayment
Perioddate
April
24, 2036

12.0year(JPY:million)
Principal
Repayment

Collateral/Guarantee

Pay in fullon thematurity dateUnsecuredNon-guaranteed(Note1)・ For more information on the Green Finance Framework, please refer to the "Green Finance" page of ADR's website(https://www.adr-reit.com/en/sustain/07).
(Note2) ・Interest payment dates are the last business day of January, April, July, October, starting July 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) Scheduled Contract Date of the Green Loan
April 22, 2024
2.

Amount and Purpose of the Debt Financing(1) Amount of the Debt Financing
2,000 million yen

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
The fund procured from the debt financing will be used to repay existing Loan as described in "3. Details of theLoan to be Repaid”. The existing borrowings were procured to repay a loan originally used in the acquisition ofPacific Royal Court Minato Mirai Ocean Tower and Park Tower Shibaura Bayward Urban Wing. As of March 3,2022, both properties have acquired A-rank in the CASBEE certification for real estate and are Eligible Green
Assets that meet the eligibility criteria under the Framework.
3.

Details of the Loan to be Repaid(JPY:million)
LenderDrawdown
Date

Loan
AmountInterest Rate

Principal
Repayment
Repayment
Perioddate

Mizuho Bank, Ltd.
(Green Loan）

April
24, 2023

2,000

Base rate (Note3)+0.11000%April
24, 2024

1.0 yearPrincipal
Repayment

Collateral/
Guarantee

Pay in fullon thematurity dateUnsecuredNon-guaranteed

Principal
Repayment

Collateral/
Guarantee

Pay in fullon thematurity dateUnsecuredNon-guaranteed(Note3) ・The base rate is JBA 1 month yen TIBOR.

4.

Debt Financing (drawdown date: April 25, 2024)(1) Details of the Debt Financing
PlannedDrawdown
Date

Principal
Repayment
Repayment
PerioddateLoanAmountInterest Rate

1,000

Base rate (Note4)+0.21000%

April
25, 2034

10.0year

500

Base rate (Note4)+0.17000%

April
23, 2032

8.0year

The Joyo Bank, Ltd.

1,000

Base rate (Note4)+0.15500%

April
25, 2029

5.0year

Total or Weighted Average

2,500

No.

Lender1

The Yamagata Bank, Ltd.

2

Kansai Mirai Bank, Limited

3

April
25, 2024

7.6year(Note4) ・Interest payment dates are the last business day of January, April, July, October, starting July, 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
The fund procured from the debt financing will be used to redeem the existing bond (ADR Unsecured Bond#21) due on April 26, 2024
(3) Scheduled Contract Date of Debt Financing
April 23, 2024

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.

5.

Details of the Existing Bond to be Redeemed
Name of Investment
Corporation BondADR Unsecured Bond #21(with Pari Passu clause among
specified investment corporationbonds)

Drawdown Date

AmountInterest Rate
(fixed rate)

Principal
Repayment
DateApril
28, 2014

2,500

1.04000%

April
26, 2024(JPY:million)
Repayment
PeriodPrincipal
Repayment

Collateral/
Guarantee

10.0year

Pay in full on
the maturity
date

UnsecuredNon-guaranteed

Reference Material: Debt Financing Balance (As of April 26, 2024)（JPY:million）

Before Refinancing(Note5)

After Refinancing(Note6)

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

10,100196,209206,30931,6008,100
200,709
208,809
29,100Total interest-bearing debt227,509237,909

Increase (Decrease)▲2,0004,5002,500▲2,500－(Note5) As of April 24, 2024
・It is assumed that the interest-bearing debts will change as follows by April 24, 2024.
・As announced in the "Notice Concerning Debt Financing " dated April 9, 2024, 2,300 million yen in long-term debt and 8,100
million yen in short-term debt will be repaid.
・There will be no increase or decrease in loans and investment corporation bonds other than the above.
(Note6) As of April 26, 2024

About Advance Residence Investment CorporationAdvance 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/

3[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.