February 22, 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: Toru Kimura, General Manager, Planning Department
Phone: +81-3-3211-7921

Notice concerning Pre-payment of Loan
Announcement is hereby made that on February 22, 2012, Japan Real Estate Investment Corporation
decided to make the pre-payment of the following existing loans prior to the principal repayment dates:
1. Pre-payment of loan
February 29, 2012(a) Pre-payment date:¥35,400 million(b) Total amount of pre-payment:(c) Details of loans to be pre-paid before the due dates:<Short-term loans dated November 15, 2011 from Mitsubishi UFJ Trust and Banking Corporation, The
Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Corporate Bank, Ltd. and The Sumitomo Trust &Banking Co., Ltd. >1) Total amount of loan:¥34,000 million
Lender, amount of loan, amount of pre-payment, balance after the pre-payment of loan, start ofthe loan period and principal repayment date:
Mitsubishi UFJ
The Bank ofMizuhoThe SumitomoLender
Trust and Banking Tokyo-Mitsubishi Corporate Bank, Trust & BankingCorporation
UFJ, Ltd.
Ltd.
Co., Ltd.

2)Amount of loan

¥8,500 million¥8,500 million¥8,500 million¥8,500 million

Amount of pre-payment¥8,100 million¥8,100 million¥8,100 million¥8,100 million¥400 million¥400 million¥400 million¥400 million

BalanceStart of the loan period

November 15, 2011

Principal repayment dateNovember 15, 2012

3)
4)

Interest rate:
Borrowing method:

5)Interest payment date:

6)

Repayment of principal:

0.33% (From February 15, 2012 to March 14, 2012)
Loan based on overdraft agreements concluded separately withrespective lenders
Unsecured/non-guaranteed loan
15th of every month until the principal repayment date (includingthe principal repayment dates)
Payment in full on the principal repayment dates

<Short-term loan from The Sumitomo Trust & Banking Co., Ltd.>
1) Start of the loan period:
November 15, 2011
2)

Amount of loan:¥3,000 million

3)

Amount of pre-payment:¥3,000 million

4)5)Balance after the pre-payment of loan:
Interest rate:¥0 million

6)

Borrowing method:7)

Interest payment date:

8)

Repayment of principal:0.33% (from February 15, 2012 to March 14, 2012)
Loan Agreement concluded on November 11, 2011
Unsecured/non-guaranteed loan
15th of every month until the principal repayment date(including the principal repayment dates)
Payment in full on the principal repayment date9) Principal repayment date:November 15, 2012
* There will be a settlement fee of approx. ¥675,390 upon this pre-payment.

2. Funds for pre-payment
Part of the proceeds from the investment unit issuance on February 28, 2012 (scheduled)
3. Balance of interest-bearing debts after the pre-payment of the loans (as of March 1, 2012)(Units: millions of yen)
Before pre-payment

After pre-payment

Increase/Decrease

Short-term loans

52,50017,100-35,400

Current portion of long-term loans

42,10042,100±0Long-term loans

173,750

173,750±0Total loans
Current portion of investment
corporation bonds
Investment corporation bonds(except for current portion)
Total investment corporation
bonds
Total interest-bearing debts

268,350

232,950-35,400

10,00010,000±045,000

45,000±055,000

55,000±0323,350

287,950-35,400

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 26, 2011.

This notice is the English translation of the announcement in Japanese dated February 22, 2012 on ourwebsite. However, no assurance or warranties are given for the completeness or accuracy of this English
translation.