June 27, 2019
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 Management Company
CRE REIT Advisers, Inc.
Tsuyoshi Ito, President
Person of Contact:
Hirohisa Toda, Head of Corporate Planning
Tel: +81-3-5575-3600

Notice Concerning Acquisition of Investment Units by Top Managements of the Sponsor
and the Asset Management Company
CRE Logistics REIT, Inc. (hereinafter “CRE REIT”) announced today that CRE, Inc. (hereinafter “CRE”), asponsor of CRE REIT, has resolved to sell CRE REIT’s investment units at the same value as the issue priceof the new investment unit issuance (hereinafter “the issuance”), which was resolved at CRE REIT’s Board ofDirectors’ meeting today. In the transaction,

1,000 units will be sold to Tsuyoshi Ito, Executive Officer of

CRE REIT and President of CRE REIT Advisers, Inc. (hereinafter “the Asset Management Company”), and
500 units will be sold to Tadahide Kameyama, President of CRE and Director of the Asset ManagementCompany (hereinafter “the transaction”), in order to clearly show their commitment to CRE REIT towardachieving sound growth by equalizing the profit situation with that of the investors. Each investment unittransfer agreement pertaining to the transaction will be concluded on the same date as the determination of theissue price, etc. of the issuance, and settlement based on the agreement will be undertaken on the same date as
the delivery of the issuance.
(Note) For details of the determination date of the issue price, etc. and the delivery date of this issue, etc., please refer to the “NoticeConcerning Issuance of New Investment Units and Secondary Offering of Investment Units” as of today’s date.

1.

Changes in the number of investment units held before and after the transaction
Number of investment units held before

Number of investment units held after

the execution of the transaction

the execution of the transaction(Note 1) (Ratio (Note 2) (Note 3))(Ratio (Note 2))

CRE

33,100 (14.32%)

28,790 (11.11%) (Note 4)

Tsuyoshi Ito

58 (0.03%) (Note 5)

1,058 (0.41%)

Tadahide Kameyama

210 (0.09%)710 (0.27%)

Investor’s name(Note 1) As of the end of May 2019.
(Note 2) “Ratio” refers to the ratio of the number of investment units held to the total number of investment units issued and is rounded
to the nearest second decimal place.
(Note 3) Ratios were calculated based on the total number of issued investment units before the main issue.
(Note 4) It was calculated on the assumption that all greenshoe options granted by CRE in connection with secondary offering through1over-allotment were exercised by SMBC Nikko Securities Inc. (hereinafter “SMBC Nikko Securities”). Accordingly, if all orsome of the greenshoe options granted by CRE in connection with the secondary offering through over-allotment are notexercised by SMBC Nikko Securities, the number and ratio of the investment units held after the execution of the transaction
will vary.
(Note 5) The investment units of CRE REIT are held by using the investment unit cumulative investment program. The number of unitsof less than one unit is rounded down.

2.

Purpose of the transaction, policy of sponsor’s support after the transaction, etc.

We believe that Tsuyoshi Ito, Executive Officer of CRE REIT and President of the Asset Management
Company, is responsible for achieving the steady growth of CRE REIT, while Tadahide Kameyama, Presidentof CRE, a sponsor of CRE REIT, and Director of the Asset Management Company is responsible for helping
to achieve this growth.
Each party to the transaction believes that more clearly showing investors their attitude towards fulfilling their
responsibilities to achieve the sound growth of CRE REIT by not only CRE, the sponsor, but also by themanagements with the above responsibilities making their profit situation equal to that of the investors will benecessary to make the future management of CRE REIT or support for CRE REIT more meaningful andeffective. Each party to the transaction will conduct the transaction to achieve this concept.
The transaction will reduce the number of investment units held by CRE. However, even if the transaction is
executed and all the greenshoe options granted by CRE in connection with secondary offering through overallotment by SMBC Nikko Securities are exercised, CRE will continue to hold approximately 10%, themaximum of the number of issued investment units to be considered to be held under a sponsor supportagreement, and will intend to continue to hold such investment units. In addition, since the investment units
held by CRE in the transaction will be sold only to the executive officers of CRE REIT, the Asset Management
Company and CRE, CRE REIT and the Asset Management Company have confirmed with CRE that there is
no change in the details of the support provided by CRE. In addition, CRE REIT believes that its management
or support for it will be more meaningful and effective if managements, the buyers, enhance their commitment
to CRE REIT.

* CRE REIT’s website: https://cre-reit.co.jp/en/2