July 25, 2024
For Immediate Release

Real Estate Investment Trust Securities Issuer:
Comforia Residential REIT, Inc
21-1 Dogenzaka 1-chome, Shibuya-ku,TokyoTakashi Sakamoto
Executive Director(TSE Code: 3282)
Asset Management Company:
TLC REIT Management Inc.
Akira Kubo
President & CEOInquiries:
Shogo Momma
General Manager of Strategy Department
Comforia Management Division(TEL: +81-3-6455-3388)

Notice Concerning Borrowing of Funds and Repayment of Loans
Comforia Residential REIT, Inc (“CRR”) announces that it decided today to proceed with the borrowing offunds and repayment of loans. Details are as follows:
1． Description of New Borrowing and Repayment(1) Description of New Borrowing
Long-term Loans（Term：8 year, fixed rate）①Lender：Development Bank of Japan Inc., Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited., MUFG Bank, Ltd. ,Sumitomo Mitsui Banking Corporation.

②

Loan amount：

3,190 million yen③

Interest rate：

To be determined (Note)④

Scheduled
drawdown date：July 31, 2024⑤

Borrowing
method：Borrowing based on a loan agreement effective July 29, 2024, with the lender statedabove.

⑥

Interest payment
dates：

Interest payments will be first made on August 30, 2024, the last day of each month
thereafter, and the principal repayment date (or the business day immediatelypreceding the concerned date if any concerned date is not a business day).

⑦

Principal
repayment
method：Lump-sum repayment on principal repayment date⑧

Principal
repayment date：July 31, 2032
(If this date is not a business day, it shall be the following business day. If such day
falls in the following month, it shall be the immediately preceding business day.)⑨Security andguarantee：

Unsecured and unguaranteed(Note) Funds will be borrowed at a fixed interest rate, which will be announced once it has been determined.

1(2) Description of Repayment of Loans
Current portion of long-term loans (Term：8 year, fixed rate)①

Lender：Development Bank of Japan Inc., Mizuho Bank, Ltd.,
Sumitomo Mitsui Trust Bank, Limited., MUFG Bank, Ltd.,
Sumitomo Mitsui Banking Corporation.

②Loan amount：

3,190 million yen③Interest rate：

0.46655%④

Drawdown date：August 1, 2016⑤

Principal
repayment date：July 31, 2024

2．Reasons for Borrowing and RepaymentCRR will appropriate the funds to repay loans (refer to 1.(2) shown above for details).
3．Amount, Use, and Scheduled Time of Disbursement of Funds to Be Raised(1) Amount of funds to be raised
A total of 3,190 million yen(2) Specific use of funds to be raisedFunds will be used to repay loans (refer to 1.(2) shown above for details) .
(3) Scheduled time of disbursement
July 31, 2024
4．Status of Interest-Bearing Debt after the Borrowing(million yen)
Before the borrowing

After the borrowing(As of July 25, 2024)

Short-Term Loans (Note)
Current portion of longterm loans (to be repaidwithin one year or less)Long-Term Loans (Note)
Total of Loans
Current portion of investment
corporation bonds (to be redeemedwithin one year or less)
Investment Corporation Bonds
Total of Loans andInvestment Corporation Bonds

Change(As of July 31, 2024)

7,239

7,239

-

23,61020,420-3,190125,080

128,270

3,190

155,929

155,929----

16,100

16,100-172,029

172,029-(Note) Short-term loans are loans that will come due within one year, while long-term loans are loans that will come due after one year.

*Website of CRR: https://www.comforia-reit.co.jp/en/2