September 9, 2021
To All Concerned Parties
Name of REIT Issuer:
CRE Logistics REIT, Inc.
2-10-1, Toranomon, Minato-ku, Tokyo, Japan
Tsuyoshi Ito, Executive Director(TSE Code: 3487)
Asset Manager
CRE REIT Advisers, Inc.
Tsuyoshi Ito, President
Person of Contact:
Hirohisa Toda, Head of Corporate Planning
Tel: +81-3-5575-3600

Notice Concerning Determination of Price, Etc. for Issuance of New Investment Units(Green Equity Offering)
CRE Logistics REIT, Inc. (“CRE REIT”) hereby announces that, at a meeting of its Board of Directors held
on September 9, 2021, it determined the issue price and other matters, relating to the issuance of new
investment units (Green Equity Offering), which was resolved at a meeting of its Board of Directors held on
September 2, 2021, as set forth below.

Issuance of new investment units through public offering (primary offering)(1) Number of investment units to be offered
64,550 units
Out of the above number of investment units tobe offered, 40,280 units will be purchased byoverseas investors in international markets
mainly in Europe and Asia (excluding the UnitedStates and Canada).
(2) Amount to be paid in (issue amount)
203,673 yen per unit
(3) Total amount to be paid in (total issue amount)
13,147,092,150 yen(4) Issue price (offer price)
210,994 yen per unit
(5) Total amount of issue price (total offer price)
13,619,662,700 yen(6) Subscription period
Friday, September 10, 2021
(7) Payment period of deposit for subscription
From Friday, September 10, 2021 to Monday,
September 13, 2021
(8) Payment date
Wednesday, September 15, 2021
(9) Delivery dateThursday, September 16, 2021
(Note) The underwriters will purchase and underwrite the units at the amount to be paid in (issue amount) and offer at the issue price(offer price).

Disclaimer: This press release is intended to disclose to the public the issuance of new investment units (Green Equity Offering) by CRE
REIT, and is not an offer to sell or a solicitation of any offer to buy the securities of CRE REIT in the United States orelsewhere. Any investment decision should be made based upon your own judgement. This press release does not constitutean offer of securities in the United States of America. The investment units have not been, and will not be, registered under
the United States Securities Act of 1933 (the “Securities Act”). The investment units may not be offered or sold in the UnitedStates absent registration or an exemption from registration under the Securities Act. The investment units referred to above
will not be offered, publicly or otherwise, in the United States.

1

<Reference>
1. Calculation of the issue price(1) Reference date of calculation and price(2) Discount rate

Thursday, September 9, 2021
2.0 %215,300 yen

2. Use of the proceeds from the offering
The proceeds from the primary offering (13,147,092,150 yen) will be allocated to a part of funds foracquisition of the asset (the “Asset to be Acquired”) described in “Notice Concerning Acquisition of Trust
Beneficiary Right to Real Estate in Japan and Leasing” dated September 2, 2021. The Asset to be Acquiredis the project that satisfy the eligibility criteria of the Green Equity Framework established by CRE REIT
(Note 2).
(Note 1) The proceeds will be deposited in accounts with financial institutions until the expenditure is made.
(Note 2) Please refer to the press release, “Notice Concerning Issuance of New Investment Units (Green Equity Offering)” dated
September 2, 2021 for the Green Equity Framework established by CRE REIT.

* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/

Disclaimer: This press release is intended to disclose to the public the issuance of new investment units (Green Equity Offering) by CRE
REIT, and is not an offer to sell or a solicitation of any offer to buy the securities of CRE REIT in the United States orelsewhere. Any investment decision should be made based upon your own judgement. This press release does not constitutean offer of securities in the United States of America. The investment units have not been, and will not be, registered under
the United States Securities Act of 1933 (the “Securities Act”). The investment units may not be offered or sold in the UnitedStates absent registration or an exemption from registration under the Securities Act. The investment units referred to above
will not be offered, publicly or otherwise, in the United States.

2