April 21, 2022

For Immediate Release

Real Estate Investment Trust Securities Issuer:

Comforia Residential REIT, Inc

21-1 Dogenzaka 1-chome, Shibuya-ku,Tokyo

Takehiro Izawa Executive Director

(Code: 3282)

Asset Management Company:

TLC REIT Management Inc.

Masaoki Kanematsu

President & CEO

Inquiries:

Daisuke Kawauchi

General Manager of Strategy Department

Comforia Management Division

(TEL: +81-3-6455-3388)

Notice Concerning Outlook Change of Issuer Rating

Comforia Residential REIT, Inc ("Investment Corporation") announces that Japan Credit Rating Agency, Ltd. ("JCR") has revised its outlook of the long-term issuer rating today. Details are as shown below.

Summary of the Change (The change is underlined in below tables.)

Credit Rating Agency: JCR

Type of Credit Rating: Long-term issuer rating

From

To

Credit Rating

AA-

AA-

Outlook

Stable

Positive

Please refer to JCR's website for details concerning the rationale of the revision and rating definition.

URL for JCR's website:https://www.jcr.co.jp/en/

*Website of CRR:https://www.comforia-reit.co.jp/en/

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Disclaimer

Comforia Residential REIT Inc. published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 07:04:08 UTC.