Japan Real Estate Investment Corporation announced its decision to procure funds as follows: Reason for the borrowing: Repayment of the existing short-term loan of JPY 2 billion executed on July 10, 2023. Overview of the borrowing: Borrowing date July 10, 2024. Lender: Mizuho Bank Ltd. Amount of loan: JPY 2,000 million.

Principal repayment date: July 10, 2025. Interest rate: Base rate (1-month JPY TIBOR published by Japanese Bankers Association (hereinafter "JBA")) + 0.040%. Method of borrowing: Loan based on overdraft agreement: Unsecured/unguaranteed loan.

Interest payment date: The principal repayment date and the 10th of every month in the period until the principal repayment date. Method of principal repayment: Lump-sum repayment on the principal repayment date. Overview of Existing Loan Subject to Repayment: Lender: Mizuho Bank Ltd. Amount of loan: JPY 2,000 million.

Borrowing date: July 10, 2023. Principal repayment date: July 10, 2024. Disclosure date: July 6, 2023.