Nomura Real Estate Master Fund, Inc. announced the decision made that it will procure debt financing ("Debt Financing") to refinance the existing debt totaling ¥5,800 million ("Existing Debt") and to pay for the acquisition of the assets. Purpose: NMF has decided to procure the loan in order to repay current outstanding loans, which mature on May 27, 2024. Details are as follows: Term Loan (Scheduled contract date: May 23, 2024): Lender: THE BANK OF FUKUOKA, LTD. Amount: JPY 500 million, Interest Rate: Base interest rate +0.20%, Drawdown Date: May 27, 2024, Term: 5 years, Repayment Date: May 26, 2029, Terms of Repayment: Lump-sum repayment on the repayment date, Collateral: Unsecured, unguaranteed; Lender: MUFG Bank Ltd., Mizuho Bank Ltd., and Resona Bank, Limited.

Amount: JPY 3,000 million, Interest Rate: Fixed (To be determined), Drawdown Date: May 27, 2024, Term: 7 years, Repayment Date: May 26, 2031, Terms of Repayment: Lump-sum repayment on the repayment date, Collateral: Unsecured, unguaranteed; and Lender: MUFG Bank Ltd., and Mizuho Bank Ltd. Amount: JPY 2,300 million, Interest Rate: Base interest rate +0.35%, Drawdown Date: May 27, 2024, Term: 8 years, Repayment Date: May 26, 2032, Terms of Repayment: Lump-sum repayment on the repayment date, Collateral: Unsecured, unguaranteed.