March 19, 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 Debt Financing (Green Loan) and Repayment of Loan
Advance Residence Investment Corporation (ADR) announced today its decisions to borrow funds to repay Loan
coming due.
This loan is a green loan to be executed in accordance with the Green Finance Framework (hereinafter referred to asthe "Framework") developed by ADR and this is the first green loan for ADR. Going forward, ADR will continue topromote ESG considerations in its asset management and enhance our financing base by procuring funds through green
finance.

1.

Debt Financing (drawdown date: March 29, 2024)(1) Details of the debt financing(JPY:million)

No.

Lender1

Sumitomo Mitsui Trust Bank, Limited(Green Loan) Note12

Sumitomo Mitsui Trust Bank, Limited(Green Loan) Note1
Total or Weighted Average

PlannedDrawdown
DateLoanAmountInterest Rate

Principal
Repayment
Repayment
Perioddate

1,500

Base rate Note2+0.21000%March
31, 2034

10.0 year

1,500

Base rate Note2+0.15500%March
30, 2029

5.0 yearMarch
29, 2024

3,000

Principal
Repayment

Collateral/Guarantee

Pay in full on
the maturity
date

UnsecuredNon-guaranteed

7.5 year・ 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 April, 30, 2024 and ending on the principal
repayment date.
・The JBA 1 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 1 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 1 month yen TIBOR.
(http://www.jbatibor.or.jp/english/ )Note1

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
To fund the early repayment of loan as described in the "Notice Concerning Early Repayment of Loan"announced on March 14, 2024.
(3) Scheduled contract date of green loan
March 27, 2024
2.

Amount and Purpose of the Debt Financing(1) Amount of the debt financing
3,000 million yen(2) Purpose of the debt financing
The funds will be used for the prepayment of borrowings as described in "3. Details of the Loan to beRepaid”.The borrowings were procured as debt financing at the time of acquisition of RESIDIA Shinagawa
Seaside.As of January 26, 2024, the property have acquired A-rank in the CASBEE certification for real estate andare Eligible Green Assets that meet the eligibility criteria under the Framework.

3.

Details of the Loan to be Repaid(JPY:million)
Lender (Note3)

Drawdown
Date

Loan
AmountInterest Rate

Principal
Repayment
Repayment
Perioddate

MUFG Bank, Ltd.
Sumitomo Mitsui Trust Bank, Limited
Mizuho Bank, Ltd.

September
29, 2023

3,000

Base rate (Note4)+0.30000%

September
27, 2024

1.0 yearPrincipal
Repayment

Collateral/Guarantee

Pay in fullon thematurity dateUnsecuredNon-guaranteed

Note3 For details, please refer to the "Notice Concerning Early Repayment of Loan" announced on March 14, 2024.
Note4 The base rate is JBA 1 month yen TIBOR.

Reference Material: Debt Financing Balance (As of March 29, 2024)（JPY:million）

Before Refinancing Note5

After Refinancing

Increase (Decrease)

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

5,000
190,909
195,90931,6002,000
193,909
195,90931,600-3,0003,000-

Total interest-bearing debt

227,509

227,509-

Note5 As of March 28, 2024
・There will be no increase or decrease in loans and investment corporation bonds by March 28, 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
in central Tokyo and in other major cities throughout Japan (AUM over 480 billion yen). ADR can be expected have a stable dividend in thelong-term and 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.