NEWS RELEASE
July 6, 2023
For Immediate Release

Investment Corporation
Japan Real Estate Investment Corporation
Jo Kato, Executive Director(TSE code: 8952)
Asset Management Company
Japan Real Estate Asset Management Co., Ltd.
Shojiro Kojima , President & CEO
Contact: Masaru Motooka
Executive Officer & General Manager
Strategic Planning Department
Phone: +81-3-3211-7951

Announcement of Debt Financing
Japan Real Estate Investment Corporation hereby announces its decision today to procure funds asfollows:

1. Reason for the borrowing
Repayment of the existing short-term loan of JPY 3 billion executed on July 25, 2022, of which JPY 1billion has been prepaid on December 12, 2022.
2. Overview of the borrowing
July 10, 2023
(1) Borrowing date:(2) Lender, Amount of loan, Principal repayment date:LenderAmount of loan

Principal repayment dateMizuho Bank, Ltd.

JPY 2,000 million

July 10, 2024

(3) Interest rate:

Base rate (1-month JPY TIBOR published by Japanese Bankers
Association (hereinafter “JBA”)) + 0.040% (Note1)(4) Method of borrowing:
Loan based on overdraft agreement
Unsecured/unguaranteed loan(5) Interest payment date:
The principal repayment date and the 10th of every month in theperiod until the principal repayment date (Note2)(6) Method of principal repayment: Lump-sum repayment on the principal repayment date
(Note1)・ The base rate to calculate the interest to be paid on interest payment dates is JBA 1-month JPY TIBOR
as of two business days before the borrowing date for the first interest payment date and as of two
business days before the most recent interest payment date for the subsequent interest payment
dates. (JBA 1-month JPY TIBOR as of July 6, 2023 is 0.04455%.)･ For the JBA Japanese Yen TIBOR, please refer to JBA TIBOR administration’s website(https://www.jbatibor.or.jp/english/rate/).

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(Note2) When an interest payment date is not a business day, the interest shall be paid on the following business
day or the immediately preceding business day if the following business day is in the following month.

<Reference> Overview of Existing Loan Subject to Repayment
LenderAmount of loan
Borrowing dateMizuho Bank, Ltd.

JPY 3,000 million

July 25, 2022

Principal
repayment date

Disclosure dateJuly 10, 2023

July 21, 2022

(Note3) Out of the above principal amount of JPY 3 billion, JPY 1 billion was repaid before the due date on
December 12, 2022. For details, please refer to the press release titled “Announcement of Loan
Pre-payment and Debt Financing” dated December 8, 2022.

3. Balance of interest-bearing debt after the debt financing(Units: millions of JPY)

BeforeShort-term loans payable
Long-term loans payable(Variable interest rate)Long-term loans payable(Fixed interest rate)
Total loans
Investment corporation bonds
Totalinvestment corporation bonds
Total interest-bearing debt

After

Increase/Decrease

27,50027,500±018,500

18,500±0343,700

343,700±0389,700

389,700±042,993

42,993±042,993

42,993±0432,693

432,693±04. Others
Regarding risks pertaining to this loan repayment, there is no material change to the descriptionsof “Investment risks” in the latest securities report submitted on June 26, 2023.

This is the English translation of the announcement in Japanese dated July 6, 2023.
No assurance or warranties are given for the completeness or accuracy of this English translation.
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