Notice Concerning Debt Financing (Series 68) and Interest-Rate Swap Agreement

Translation Purpose Only
To All Concerned Parties
January 27, 2012
REIT Issuer: Kenedix Realty Investment Corporation
2-2-9 Shimbashi, Minato-ku, Tokyo
Taisuke Miyajima, Executive Director
(Securities Code: 8972)
Asset Management Company: Kenedix REIT Management, Inc.
Taisuke Miyajima, CEO and President Inquiries: Masahiko Tajima
Director / General Manager, Financial Planning Division
TEL.: [phone]

Notice Concerning Debt Financing (Series 68) and Interest-Rate Swap Agreement

Kenedix Realty Investment Corporation ("the Investment Corporation") today announced its decision to undertake debt financing. At the same time, the Investment Corporation decided to execute an interest-rate swap agreement. Details of the aforementioned are provided as follows.

1. Rationale

The Investment Corporation has decided to execute a debt financing agreement to apply the funds toward the repayment of Series 52-A (total of ¥2,700 million) with a repayment date of January 31, 2012. (Note)
Note: For details, please refer to the press release "Notice Concerning Debt Financing (Series 52)," dated
January 27, 2011 for Series 52-A.

2. Details of Debt Financing