August 27, 2020
For Immediate Release

Real Estate Investment Trust Securities Issuer
1-6-5 Marunouchi, Chiyoda-ku, Tokyo
Mitsubishi Estate Logistics REIT Investment Corporation
Representative: Masaki Sakagawa, Executive Director(Securities Code: 3481)
Asset Management Company
Mitsubishi Jisho Investment Advisors, Inc.
Representative: Haruhiko Araki, President & CEO
Contact:
Masaki Sakagawa, Executive Vice
President, General Manager, Logistics REITManagement Department
TEL: +81-3-3218-0030

Notice Concerning Debt Financing (including “Funding to Promote SDGs” from Sumitomo Mitsui Banking
Corporation and “ESG Loan for J-REIT” from MUFG Bank, Ltd.)
Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) announced today its decision to obtain debt financing(the “Borrowings”) as outlined below. The Funding to Promote SDGs to be procured from Sumitomo Mitsui Banking
Corporation, which is the first J-REIT deal, will be executed on the basis of an evaluation of a company's current efforts inrelation to the SDGs (Note) based on the proprietary evaluation criteria developed by Sumitomo Mitsui Banking
Corporation and The Japan Research Institute, Limited.
Note: The SDGs stand for the Sustainable Development Goals, the international goals for a better and more sustainable world by 2030, as stated inthe "2030 Agenda for Sustainable Development" adopted at the United Nations Summit in September 2015.

1.

Details of the Borrowings

Category(Note 1)

LenderMizuho Bank, Ltd.
Shortterm
Sumitomo Mitsui TrustBank, Limited
Sumitomo Mitsui
Banking Corporation(Funding to PromoteSDGs)
The Shinkumi FederationBank
The Bank of Toyama, Ltd.
Longterm

BorrowingAmount(Millions ofyen)
800(Note 3)1,300500

1,1500.200%(fixed rate)(Note 6)The Norinchukin Bank800

The Norinchukin Bank500Borrowing Method
Borrowing based on theoverdraft agreement dated
Aug. 13, 2018, entered intowith the lender shown on
the left

Base interest rate
+ 0.070%(floating rate)(Note 4) (Note 5)
Base interest rate
+ 0.090%(floating rate)(Note 4) (Note 5)

1,800

BorrowingDate

Interest Rate

Sept. 1,2020

0.200%(fixed rate)(Note 6)
Base interest rate
+ 0.230%(fixed rate)(Note 4) (Note 6)(Note 7)
Base interest rate
+ 0.265%(fixed rate)(Note 4) (Note 6)(Note 7)

Repayment
RepaymentDate
CollateralMethod(Note 2)Sept. 1,
2021

Sept. 1,2024
Borrowing based on anindividual term loan
agreement dated Aug. 27,
2020, entered into withthe lenders shown on theleft

Paid infull uponmaturity

Unsecuredand nonguaranteed

Sept. 1,2025

Sept. 1,2026

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the debt financing, and has not been
prepared for the purpose of soliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been, and will
not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “Securities Act”). The securities may
not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred toabove will not be offered or sold, publicly or otherwise, in the United States.

1Category(Note 1)

LenderThe Bank of Fukuoka,
Ltd.
The 77 Bank, Ltd.

Longterm

BorrowingAmount(Millions ofyen)
1,400

Mizuho Bank, Ltd.

1,750

MUFG Bank, Ltd.
(“ESG Loan for J-REIT”)(Note 9)2,000

The Yamanashi Chuo
Bank, Ltd.
The Yamaguchi Bank, Ltd.

1,000

Total

Borrowing
Date

Interest Rate
Base interest rate+ 0.340%(fixed rate)(Note 4) (Note 6)(Note 7)
Base interest rate+ 0.170%(fixed rate)(Note 4) (Note 6)(Note 8)Base interest rate+ 0.190%(fixed rate)(Note 6) (Note 10)0.500%(fixed rate)(Note 6)

Sept. 1,2020--13,000

Borrowing Method

Repayment
Repayment
Date
CollateralMethod(Note 2)
Sept. 1,2028

Borrowing based on an
individual term loanagreement dated Aug. 27,
2020, entered into withthe lenders shown on theleft

Sept. 1,2029

Paid infull uponmaturity

Unsecuredand nonguaranteed--

Aug. 30,2030--

Notes:
1.

Short-term refers to borrowings due within one year from the borrowing date. Long-term refers to borrowings due within a period longer than2.

The repayment date will be either the following business day if the date falls on a non-business day or the preceding business day if the repayment

one year from the borrowing date. The same shall apply hereinafter.
date would fall in the next calendar month.
3.

This Borrowing is a third-party allotment loan. MEL plans to repay it in full using the proceeds from the third-party allotment or cash reserves.
Please refer to the press releases “Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units” dated Aug.
13, 2020 and “Notice Concerning Determination of Pricing and Issuance of New Investment Units and Secondary Offering of Investment Units”
dated Aug. 24, 2020, for details of the third-party allotment and the proceeds from the third-party allotment.

4.

If the base interest rate is negative, it is calculated as 0.

5.

The first interest payment date is Oct. 1, 2020. Thereafter, the interest payment date will be on the 1st day of every month until and including therepayment date. An interest payment date will be either the following business day if the date falls on a non-business day or the precedingbusiness day if the payment date would fall in the next calendar month. The base interest rate refers to the interest rate (a 365-day-base) of theJapanese yen Tokyo Interbank Offered Rate (“TIBOR”) for one-month deposits announced by the JBA TIBOR Administration (General IncorporatedAssociation) two business days before the last date for the immediately preceding interest calculation period of the borrowing date or the interestperiod. However, if the interest calculation period is less than one month, the base interest rate defined in the loan agreements will be applied
according to the terms and conditions of the loan agreements. Please refer to the JBA TIBOR Administration’s website(http://www.jbatibor.or.jp/english/) for changes in the JBA Japanese yen TIBOR.

6.

The first interest payment date is Oct. 30, 2020. Thereafter, the interest payment date will be on the last day of Jan., Apr., Jul. and Oct. until andincluding the repayment date. An interest payment date will be either the following business day if the date falls on a non-business day or thepreceding business day if the repayment date would fall in the next calendar month.

7.

The base interest rate is the swap offered rate corresponding to each borrowing period displayed on Page 9154 of the REUTERS Screen as of two
business days before the borrowing date. The interest rates will be determined on Aug. 28, 2020. MEL will announce the details once determined.

8.

The base interest rate is calculated by adding the TIBOR/LIBOR spread to the swap offered rate corresponding to each borrowing period displayedon Page 9154 of the REUTERS Screen as of two business days before the borrowing date. The interest rates will be determined on Aug. 28, 2020.
MEL will announce the details once determined.

9.

Please refer to the press release “Notice Concerning Acquisition of “MUFG ESG Rating Certificate for J-REIT supported by JCR” ” dated Nov. 9, 2018,
for details of the “ESG Loan for J-REIT”.

10. The base interest rate will be determined separately in accordance with an agreement between MUFG Bank, Ltd. and MEL.

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the debt financing, and has not been
prepared for the purpose of soliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been, and will
not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “Securities Act”). The securities may
not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred toabove will not be offered or sold, publicly or otherwise, in the United States.

2

2.

Reason for the Borrowings
The Borrowings will be made in order to allocate the net proceeds from the offering (the “Offering”)(Note 1), theBorrowings and cash reserves to a part of the acquisition costs of the five new properties (Note 2) scheduled to beacquired on Sept. 1, 2020 and related expenses.

Notes:
1.

Please refer to the press releases “Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units” dated Aug.
13, 2020 and “Notice Concerning Determination of Pricing and Issuance of New Investment Units and Secondary Offering of Investment Units”
dated Aug. 24, 2020, for details of the Offering and the net proceeds from the Offering.

2.

Please refer to the press release “Notice Concerning Acquisition of Domestic Real Estate Trust Beneficiary Interests and Lease Contracts with NewTenants” dated Aug. 13, 2020, for details of the acquisition of the five new properties.

3.

Total Amount, Purpose of Use and Scheduled Date of the Proceeds(1) Total Amount:
13,000 million yen(2) Specific Purpose of Use:
The acquisition costs of the five new properties above and related expenses(3) Scheduled Date:
Sept. 1, 2020

4.

Outstanding Debt Balance after the Borrowings
Beforethe Borrowings

Short-term Borrowings
Long-term Borrowings
Total Borrowings
Investment Corporation Bonds
Total Borrowings andInvestment Corporation Bonds

After
the Borrowings(Unit: Millions of yen)
Change950
34,42435,374-3,550
44,824
48,374-+2,600+10,400+13,000-35,374

48,374+13,000

5. Additional Information for Investors
For the risks associated with the Borrowings, there have been no changes to “I. Fund Information, 1. Fund Status, 3.
Investment Risks” stated in the Securities Report filed on May 29, 2020 (Japanese only) and “II Reference Information,
2. Supplementary Information on Reference Materials, 3. Investment Risks” stated in the Securities Registration
Statement filed on Aug. 13, 2020 (Japanese only).
For more information about Mitsubishi Estate Logistics REIT Investment Corporation, please visit:https://mel-reit.co.jp/en/

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the debt financing, and has not been
prepared for the purpose of soliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been, and will
not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “Securities Act”). The securities may
not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred toabove will not be offered or sold, publicly or otherwise, in the United States.

3