July 30, 2009
To All Concerned Parties
Name of REIT Issuer:
TGR Investment Inc.
Naoki Shibatsuji, Executive Director
23-3, Ichibancho, Chiyoda-ku, Tokyo, Japan(Securities code: 8963)
URL: http://www.tgr-inv.co.jp/eng/
Asset Management Company:
GrowthREIT Advisors, Ltd.
Naoki Shibatsuji, CEOContact: Eiji Takizawa, CFO(Tel. +81-3-3238-5341)

Notice Concerning Debt Financing and Repayment of BorrowingsTGR Investment inc. (TGR) announces the debt financing and the repayment of the existing
borrowings as of July 30, 2009.
1. Reason of borrowings and repaymentThe funds will be allocated to the repayment of the existing borrowings due on August 3,2009.

2. Details of borrowings <Term loan (C)>(1) Debtor bank
: The Chuo Mitsui Trust and Banking Co., Ltd.
Aozora Bank, Ltd.
Resona Bank, Ltd.
Mitsubishi UFJ Trust and Banking Corporation
The Musashino Bank, Ltd.
(2) Borrowing amount: JPY 11,599 million(3) Interest rate
: 2.05909 %(through August 3, 2009 – November 2, 2009)
Variable(4) Method of borrowings: Borrowing based on term loan agreement (C) as ofJuly 30, 2009
Mortgage (note) /non guarantee(5) Agreement date
: July 30, 2009(6) Borrowing date
: August 3, 2009
: February 3, 2010(7) Maturity date
: Portion of the debt (JPY 100 million) will be paid off on(8) Method of repayment
November 2, 2009 and the rest of the debt will be repaid
fully on February 3, 2010.
(note)
The first pledges are established on trust beneficiary interests in real estates as follows.

1

Nisshin Palacestage Daitabashi, Nisshin Palaistage Higashi-Nagasaki, Growth Maison Gotanda,Growth Maison Kameido, Emerald House, Harmonie Ochanomizu, Suncrest Shakujii Koen, GrowthMaison Shin Yokohama, Belle Face Ueno Okachimachi, Grand Rire Kameido, Growth Maison Ikebukuro,Growth Maison Yoga, Route Tachikawa, Shibuya Honmachi Mansion, City Heights Kinuta, Acseeds Tower
Kawaguchi Namiki, Capital Heights Kagurazaka, College Square Machida, Belair Meguro, Wacore
Tsunashima Ⅰ, Foros Nakamurabashi, Growth Maison Kaijin, College Square Machiya, Kindai Kagaku Sha
Building
The first mortgage is established on a real estate as follows.
Shinjuku Island

3. Details of repayment <Term loan (B)>(1) Debtor bank
: The Chuo Mitsui Trust and Banking Co., Ltd.
Aozora Bank, Ltd.
Resona Bank, Ltd.
Mitsubishi UFJ Trust and Banking Corporation
The Musashino Bank, Ltd.
(2) Borrowing amount beforerepayment: JPY 12,000 million(Initial loan amount): (JPY 12,000 million): JPY 12,000 million(3) Repayment amount(4) Borrowing amount: JPY 0outstanding after repayment(5) Source of repayment: Term loan (c) (refer to 2. above) and funds on hand(6) Interest rate (note): 1.11133 %(through June 27, 2009 - August 3, 2009)
Variable(7) Method of borrowings: Borrowing based on term loan agreement as ofMay 27, 2005 (including change or adjustments
made thereafter)
Mortgage/non guarantee: August 3, 2006
(8) Borrowing date
: August 3, 2009(9) Maturity date
(Note) Interest rate swap transactions to avoid interest rate fluctuation risks were conducted for JPY 6,000
million. The interest rate of this amount is 2.05 %.

2

[For Reference]
Borrowing amount outstanding after the repayment(Units: mn JPY, figures rounded down to a mn JPY)

Short-term debt
(of which, long-term debt to be repaid
within one year)
Long-term debt

Before repayment
24,974After repayment
24,573

Balance- 400(24,974)(12,974)( - 12,000)－－Total debt
24,974
24,573
LTV (Loan-to-Value) (%) (Note 1, 2)
56.6 %
56.2 %(Note 1) LTV is calculated using the following formula:
LTV = Interest-bearing debt/ (Interest-bearing debt + Unitholders’ Capital) x 100(Note 2) LTV rounded down to the nearest first decimal place.

－-400-0.4 %Note: This English language notice is a translation of the Japanese language notice released on July 30,
2009 and was prepared solely for the convenience of, and reference by, non-Japanese investors. No
warranties or assurance are given for its accuracy or completeness of this English translation.

3