NEWS RELEASE
May 25, 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 two existing long‐term loans with a principal amount of JPY 3 billion, both of whichwere executed on November 29, 2018
2. Overview of the borrowing(1) Amount of loan
(2) Lender

JPY 3,000 million
MUFG Bank, Ltd.

(3)Interest rate

0.08455%(fixed)(4)

Borrowing date(5)

Method of borrowing(6)

Interest payment date

May 29, 2023
Loan based on overdraft agreement
Unsecured/unguaranteed loan
The principal repayment date andthe 29th of every month in theThe principal repayment dateperioduntil
theprincipal
repayment date (Note2)

(7)
(8)

Method ofprincipal repayment
Principal repayment date

JPY 3,000 millionMizuho Bank, Ltd.
Base rate (1‐month JPY TIBOR
published by Japanese Bankers
Association (hereinafter “JBA”)) +0.040% (Note1)

Lump‐sum repayment on the principal repayment dateJune 29, 2023

May 29, 20241

(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 May 25, 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/).
(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 thefollowing month.

<Reference> Overview of Existing Loans Subject to Repayment
LenderAmount of loan
Borrowing date
Sumitomo Mitsui
Trust Bank, Limited

JPY 3,000 million

Sumitomo Mitsui
Banking Corporation

JPY 3,000 million

November 29, 2018Principal
repayment date

Disclosure date

May 29, 2023

November 27, 2018

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
Total
investment corporation bonds
Total interest‐bearing debt

After

Increase/Decrease

18,50024,500+6,00022,00022,000±0349,200

343,200‐6,000389,700

389,700±042,993

42,993±042,993

42,993±0432,693

432,693±04. Others
Regarding risks pertaining to these loan repayments, there is no material change to thedescriptions of “Investment risks” in the securities registration statement submitted on March 28,2023.

This is the English translation of the announcement in Japanese dated May 25, 2023.
No assurance or warranties are given for the completeness or accuracy of this English translation.

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