January 4, 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 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 Borrowing of Funds
CRE Logistics REIT, Inc. (hereinafter “CRE REIT”) announces its decision today to borrow funds(hereinafter “the Borrowings”). Details are as follows.
1. Details of the Borrowings

Long-term loans payable(Note 3)

Sumitomo Mitsui Banking
Corporation
Mizuho Bank, Ltd.
Development Bank of Japan Inc.
MUFG Bank, Ltd.
Sumitomo Mitsui Trust Bank,
LimitedShinsei Bank, LimitedAozora Bank, Ltd.
The Bank of Toyama, Ltd.

4,500
(Note 6)

Base rate(Note 8)+0.425%Long-term loanspayable (Note 4)

Sumitomo Mitsui Banking
Corporation
Mizuho Bank, Ltd.
Development Bank of Japan Inc.
Sumitomo Mitsui Trust Bank,
LimitedShinsei Bank, LimitedAozora Bank, Ltd.
The Bank of Toyama, Ltd.

3,500
(Note 6)

Base rate(Note 8)+0.525%

Sumitomo Mitsui Banking
Corporation750(Note 7)

Mizuho Bank, Ltd.

750(Note 7)

Sumitomo Mitsui Banking
Corporation

1,200(Note 7)

Base rate(Note 9)+0.300％January 31,2022

LumpUnsecursum
ed Ungrepaymuaranteeent atdmaturity

Sumitomo Mitsui Banking
Corporation500(Note 7)

Base rate(Note 9)+0.300％January 31,
2022

LumpUnsecursum
ed Ungrepaymuaranteeent atdmaturity

11,200－Long-termloanspayable(Note 5)

LenderLong-term loans payable

Total

Loan amountInterest rate(million yen)

Base rate(Note 9)+0.300％1Drawdown
date

Borrowing
methodRepaymentdateRepaym
entmethodCategory(Note 2)

July 31,2025

Notes

LumpUnsecursumedrepaymUnguarent atanteedmaturity

LumpBorrowing
Unsecursum
July 30,
ed Ungbased onrepaymuarantee2027
individual
ent atdloan
maturity
January 19,
agreement
2021
dated(Note 10)
January 15,2021 (NoteLumpUnsecur
sum10) with the January 31,
ed Ungrepaymlenders
uarantee2022
ent atdmaturity－－－－－

(Note 1) For the borrowings above, loan agreements have not been concluded as of today’s date. Therefore, it is not guarantee d that
actual borrowing will be made, and the amount borrowed may also change.
(Note 2) Long-term loans payable are loans with a borrowing period of more than a year, and short-term loans payable are loans with aborrowing period of a year or less. The same applies hereafter.
(Note 3) The loan syndicate is to consist of the following lenders: Sumitomo Mitsui Banking Corporation, Miz uho Bank, Ltd.,
Development Bank of Japan Inc., MUFG Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, Shinsei Bank, Limited, Aozora
Bank, Ltd. and The Bank of Toyama, Ltd. The arranger is Sumitomo Mitsui Banking Corporation.
(Note 4) The loan syndicate is to consist of the following lenders: Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd.,
Development Bank of Japan Inc., Sumitomo Mitsui Trust Bank, Limited, Shinsei Bank, Limited, Aozora Bank, Ltd. and The
Bank of Toyama, Ltd. The arranger is Sumitomo Mitsui Banking Corporation.
(Note 5) The loan syndicate is to consist of the following lenders: Sumitomo Mitsui Banking Corporation and Mizuho Bank, Ltd. Thearranger is Sumitomo Mitsui Banking Corporation.
(Note 6) The breakdown is not yet determined and will be announced when it has been determined.
(Note 7) These are the estimated maximum amount of the loans as of today’s date, and the ultimate loan amount may change befo re thedrawdown date after taking into account the amount of the proceeds from the issuance of new investment units through public
offering, as stated in the “Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units”
released today. The same applies hereafter.
(Note 8) The base interest rate is the three-month Japanese yen TIBOR (quoted on a 365-day basis) published by the JBA TIBOR
Administration for a period corresponding to the interest calculation period at 11:00 am, two business days prior to theimmediately preceding interest payment date of each interest payment date (the first interest payment date is the drawdowndate). However, if there is not a rate corresponding to the relevant period, the base interest rate will be determined based on
the method stipulated in the contract. Details on the JBA Japanese TIBOR can be checked via the administration’s website(http://www.jbatibor.or.jp/english/). Note that commissions and fees paid to the above lenders are excluded. In addition, thebase interest rate will effectively be fixed by concluding an interest rate swap agreement.
(Note 9) The base interest rate is the one-month Japanese yen TIBOR (quoted on a 365-day basis) published by the JBA TIBOR
Administration for a period corresponding to the interest calculation period at 11:00 am, two business days prior to theimmediately preceding interest payment date of each interest payment date (the first interest payment date is the drawdowndate). However, if there is not a rate corresponding to the relevant period, the base interest rate will b e determined based on
the method stipulated in the contract. Details on the JBA Japanese TIBOR can be checked via the administration’s website(http://www.jbatibor.or.jp/english/). Note that commissions and fees paid to the above lenders are not included.
(Note 10) These dates may be changed in line with changes in the issue price determination date for the issuance of new inves tment units
in the primary offering, as stated in the “Notice Concerning Issuance of New Investment Units and Secondary Offering o f
Investment Units” released today.

2. Reason for the Borrowings
The Borrowings are to provide for the acquisition funds and incidental expenses for three properties tobe acquired (hereinafter “the Properties to Be Acquired”) stated in the “Notice Conc erning Acquisition ofTrust Beneficiary Rights to Real Estate in Japan and Leasing” released today.
3. Amount, Use and Scheduled Disbursement Date of Funds(i) Amount of funds to be procured: 11,200 million yen(ii) Specific use of funds to be procured: Acquisition funds and incidental expenses for theProperties to Be Acquired(iii) Scheduled disbursement date: January 19, 2021
4. Status of Loans, etc. after the Borrowings(million yen)
Before theBorrowings
Short-term loans payable
Long-term loans payable (Note)
Total loans payable
Investment corporation bonds
Total interest-bearing debt

After the Borrowings

Increase or decrease

―

―

―

41,66952,869

11,20041,66952,869

11,200

2,000

2,000

―

43,66954,869

11,200(Note) Long-term loans payable include the current portion of loans payable.

25. Future Outlook
The Borrowings do not have an impact on operating results for the fiscal period ending December 31, 2020.
For information on the outlook of the operating results of CRE REIT for the periods ending June 30, 2021 andDecember 31, 2021, please refer to the “Notice Concerning Revision of Forecasts of Operating Results for thePeriod ending June 30, 2021 and Forecasts of Operating Results for the Period ending Decem ber 31, 2021”
announced today.
6. Other Matters Necessary for Investors to Understand and Assess This Information Properly
The risks related the Borrowings have not changed significantly from those stated in “Part 2: Reference
information, 2. Reference material: Supplementary information, (3) Investment risk” of the securities
registration statement submitted today and “Part 1: Information on the Fund, 1. Situation of the Fund, (3)Investment risk” of the securities report submitted on September 29, 2020.

* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/3