February 14, 2022

For Immediate Release

Advance Residence Investment Corporation

Securities Code3269

1-105Kanda-Jinbocho,Chiyoda-ku, Tokyo

Wataru Higuchi, Executive Director

Asset Management Company:

AD Investment Management Co., Ltd.

Takeshi Takano, President

Inquiries:

Isao Kudo, Director

TEL. +81-3-3518-0480

Notice Concerning Debt Financing and Signing of Interest Rate Swap Agreement

Advance Residence Investment Corporation (ADR) announced that out of the 5,900 million long-term loan note 1 to be drawn down on February 16, 2022, interest rates for the 1,300 million yen fixed rate ten year tranche of the loan has been set as follows.

Additionally, ADR announced that an interest rate swap agreement has been entered to hedge against the risk of interest rate fluctuation for the 4,600 million yen floating rate ten year tranche of the loan as detailed below.

1. Interest rate determination for fixed rate borrowing

(JPY:million)

Planned

Scheduled

Principal

Repayment

Principal

Collateral/

Lender

Interest Rate

Repayment

Drawdown Date

Amount

Period

Repayment

Guarantee

date

February

0.49000%

February

Pay in full

Unsecured

MUFG Bank, Ltd.

1,300

10.0 year

on the

16, 2022

16, 2032

Non-guaranteed

maturity date

Note 1 Please refer to the "Notice Concerning Debt Financing and Repayment of Loans" dated February 7, 2022 for details.

1

[Provisional Translation]

The English translation of the original Japanese document is provided solely for informational purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

2. Details of Interest Rate Swap Agreement

  • Loan to be hedged: Long-term loans (4,600 million yen, 10 year)
  • Contract date of interest rate swap agreement: February 14, 2022

Notional

Contract

Contract

Repayment

Interest rate

Counterparty

principal

start date

end date

period

Pay

Receive

(mm yen)

(Fixed rate)

(Floating-rate)

Mizuho Bank, Ltd.

4,600

February

February

10.0 year

note2

3 month yen

16, 2022

16, 2032

TIBORnote2

0.33980%

Note 2 Interest payment dates are last business day of January, April, July, October starting April 28, 2022 and ending on the principal repayment date.

The interest rate for the loan above is to be basically fixed at 0.54980% by entering the interest rate swap agreement.

About Advance Residence Investment Corporation

Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 270 rental apartments located mostly in central Tokyo and in other major cities throughout Japan (AUM over 460 billion yen). ADR can be expected have a stable dividend in the long-term and can be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve among J-REITs.

ADR's website:https://www.adr-reit.com/en/

2

[Provisional Translation]

The English translation of the original Japanese document is provided solely for informational purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

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Disclaimer

Advance Residence Investment Corporation published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 09:42:03 UTC.