NEWS RELEASE

Japan Real Estate Investment CorporationDecember 26, 2012
To whom it may concern:<Investment Corporation>
Japan Real Estate Investment Corporation
Noritada Terasawa, Executive Director(TSE code: 8952)<Asset Management Company>
Japan Real Estate Asset Management Co., Ltd.
Hiroshi Katayama, CEO & President
Contact: Ryuta Yoshida, General Manager, Planning Department
Phone: +81-3-3211-7921

Notice concerning New Loan
Announcement is hereby made that on December 26, 2012, Japan Real Estate Investment Corporation
will procure funds through the following loan:
1. Reason for drawing down of the loans
To apply part of the funds toward the purchase of the domestic real estate (Harumi Front) announced
on October 12, 2012
2. Details of loans<Short-term loan >(1) Start of the loan period:
January 7, 2013
(2) Total amount of loan:¥13,000 million(3) Lender, amount of loan, and principal repayment date:Lender

(4)
(5)

(6)
(7)

Amount of loan

Principal repayment date(pre-payment possible)

Mizuho Corporate Bank, Ltd.
¥6,000 million
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
¥2,000 million
Mitsubishi UFJ Trust and Banking Corporation¥1,500 million
January 7, 2014
The 77 Bank, Ltd.
¥1,000 million
The Daishi Bank,Ltd.
¥1,500 million
Sumitomo Mitsui Trust Bank, Limited¥1,000 million
October 7, 2013
Basic interest rate (JPY TIBOR for 1 monthInterest rate:in Japanese Bankers Association (“JBA”)) + 0.10%
Loan based on overdraft agreements concluded separately with
Borrowing method:respective lenders
Unsecured/non-guaranteed loan
7th of every month until the principal repayment date
Interest payment date:(including the principal repayment date)
Repayment of principal:
Payment in full on the principal repayment date1･In the event that the interest payment date does not fall on a business day, the interest shall be paidon the next business day thereafter. If the next business day, however, falls in the following month,
the payment shall be made on the business day immediately prior to the interest payment date.
･Basic interest rate for applicable rate is calculated based on Japanese Yen TIBOR for one monthwhich JBA releases two business days before. (As of December 26, 2012, Japanese Yen TIBOR for
one month is 0.18%)･With regard to Japanese Yen TIBOR of JBA, please refer to the website of JBA.
(http://www.zenginkyo.or.jp/en/tibor/)<Long-term loan ( i ) >(1) Amount of loan:(2) Lender:(3) Interest rate:(4) Start of the loan period:(5) Borrowing method:(6) Interest payment date:(7) Repayment of principal:(8) Principal repayment date:<Long-term loan ( ii ) >(1) Amount of loan:(2) Lender:(3) Interest rate:(4) Start of the loan period:(5) Borrowing method:(6) Interest payment date:(7) Repayment of principal:(8) Principal repayment date:<Long-term loan ( iii ) >(1) Amount of loan:(2) Lender:(3) Interest rate:(4) Start of the loan period:(5) Borrowing method:(6) Interest payment date:(7) Repayment of principal:(8) Principal repayment date:¥3,000 million
Development Bank of Japan Inc.
To be determined
January 7, 2013
Loan agreement concluded with the lender on December 26, 2012
Unsecured/non-guaranteed loan
7th of January and July of every year until the principal repayment date
Payment in full on the principal repayment date
January 6, 2023 (pre-payment possible)¥2,000 million
Sumitomo Mitsui Banking Corporation
To be determined
January 7, 2013
Loan agreement concluded with the lender on December 26, 2012
Unsecured/non-guaranteed loan
7th of January and July of every year until the principal repayment date
Payment in full on the principal repayment date
January 7, 2022 (pre-payment possible)¥2,000 million
Shinkin Central Bank
To be determined
January 7, 2013
Loan agreement concluded with the lender on December 26, 2012
Unsecured/non-guaranteed loan
7th of January and July of every year until the principal repayment date
Payment in full on the principal repayment date
January 7, 2020 (pre-payment possible)2

<Long-term loan ( iv ) >(1) Start of the loan period: January 7, 2013
(2) Total amount of loan:¥2,000 million(3) Lender, amount of loan and principal repayment dateLenderAmount of loan

The Joyo Bank, Ltd.

¥1,000 million

The Ashikaga Bank, Ltd.
(4) Interest rate:(5) Borrowing method:¥1,000 million

(6)
(7)

Interest payment date:
Repayment of principal:

Principal repayment date(pre-payment possible)
January 9, 2018

To be determined
Loan Agreements concluded on December 26, 2012
Unsecured/non-guaranteed loan
7th of January and July of every year until the principal repayment date
Payment in full on the principal repayment date

3. Balance of interest-bearing debt after the new loan agreements (as of January 7, 2013)(Units: millions of yen)
Before new loan
Short-term loans

After new loan

Increase/Decrease

013,000+13,000

Current portion of long-term loans

57,10057,100±0Long-term loans

188,150

197,150+9,000Total loans
Current portion of investment
corporation bonds
Investment corporation bonds(except for current portion)
Total investment corporation
bonds
Total interest-bearing debts

245,250

267,250+22,000

00±045,000

45,000±045,000

45,000±0290,250

312,250+22,000

4. Others
Regarding the loan repayment risk, there is no important change to the “Investment risks”
description in the latest securities report submitted on December 25, 2012.
We will inform you of the interest rate for the long-term loan of ¥9,000 million once it has been
decided.
This notice is the English translation of the announcement in Japanese dated December 26, 2012 on ourwebsite. However, no assurance or warranties are given for the completeness or accuracy of thisEnglish translation.

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