Japan Real Estate Investment Corporation hereby announced its decision to procure funds as follows: Repayment of the existing long term loan of JPY 5 billion executed on May 29, 2019. Borrowing date May 29, 2024: Lender is Sumitomo Mitsui Trust Bank, Limited. Interest rate: Base rate (1month JPY TIBOR published by Japanese Bankers Association (hereinafter "JBA")) + 0.040% (Note1) Method of borrowing: Loan based on overdraft agreement Unsecured/unguaranteed loan.

Interest payment date: The principal repayment date and the 29th of every month in the period until the principal repayment date (Note2), Method of principal repayment: Lumpsum repayment on the principal repayment date.