July 7, 2020
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 Determination of Price, Etc. for Issuance of New Investment Units andSecondary Offering
CRE Logistics REIT, Inc. (hereinafter, “CRE REIT”) hereby announces that, at a meeting of its Boardof Directors held on July 7, 2020, it determined the issue price, secondary offer price and other matters,
relating to the issuance of new investment units and the secondary offering of investment units, which
was resolved at its Board of Directors’ Meeting held on June 29, 2020, as set forth below.

1． Issuance of new investment units through public offering (primary offering)(1) Amount to be paid in (issue amount)\142,494 per unit

(2) Total amount to be paid in (total issue amount)\10,366,438,500(3) Issue price (offer price)\147,828 per unit

(4) Total amount of issue price (total offer price)\10,754,487,000(5) Period for subscription

From Wednesday, July 8, 2020 to Thursday, July 9, 2020

(6) Payment date

Monday, July 13, 2020

(7) Delivery and settlement date

Tuesday, July 14, 2020

(Note) The underwriters will purchase and underwrite the units at the amount to be paid in (total issue amount) and offer at the issueprice (offer price).

2． Secondary Offering of investment units (through Over-Allotment)(1)

Number of units to be offered

7,500 units(2) Offer price\147,828 per unit

(3) Total amount of offer price\1,108,710,000(4) Period for subscription

From Wednesday, July 8, 2020 to Thursday, July 9, 2020

(5) Delivery and settlement date

Tuesday, July 14, 2020

1

3． Issuance of new investment units through private placement (the "Private Placement")(1) Amount to be paid in (issue amount)\142,494 per unit

(2) Total amount to be paid in (issue amount)

Maximum of ¥498,729,000(3) Period for subscription (application date)

Tuesday, August 11, 2020

(4) Payment date

Wednesday, August 12, 2020

(Note) If there is no subscription for all or a part of the investment units to be issued on or before the period for subscription (applicationdate) in (3) above, the issue of such investment units shall be canceled.

<Reference>
1． Calculation of the issue price and the offer price(1) Reference date of calculation and price

Tuesday, July 7, 2020

(2) Discount rate

3.0%\152,400

2． Syndicate cover transaction period
From Friday, July 10, 2020 to Friday, August 7, 2020
3． Use of the funds to be procured from the offering
The proceeds from the primary offering (¥10,366,438,500) will be allocated to a part of funds foracquisition of the Assets to Be Acquired described in “Notice Concerning Acquisition of Trust
Beneficiary Rights to Real Estate in Japan and Leasing” dated June 29, 2020. Moreover, the maximum
proceeds from the issuance of new investment units through the Private Placement (¥498,729,000)
will be allocated to a part of the funds for repayment of borrowings and a part of the funds for futureacquisitions of specified assets.
(Note) The amount to be procured will be deposited in accounts with financial institutions until the expenditure is made.

* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/2