Advance Residence Investment : Notice Concerning Early Repayment of Loan

January 13, 2022

For Immediate Release

Advance Residence Investment Corporation

Securities Code：3269

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. [phone]

Notice Concerning Early Repayment of Loan

Advance Residence Investment Corporation (ADR) today announced its decision regarding an early repayment of loan (2,600 million yen) as detailed below.

1. Details of the early repayment of loan

Loan based on the loan commitment agreement concluded on May 1, 2015 (Note1) Early Repayment Date：January 31, 2022

					(JPY million)
			Loan	Early		Loan
			Outstanding		Outstanding
			Repayment
Drawdown Date	Maturity Date	Lender	before Early		after Early
Amount
			Repayment		Repayment
			[B]
			[A]		[A]-[B]
		MUFG Bank, Ltd.
October 7, 2021	October 7, 2022	Sumitomo Mitsui Trust Bank, Limited	2,700	2,600		100
		Mizuho Bank, Ltd.

(Note1) For details, please refer to the "Notice Concerning Debt Financing" dated September 29, 2021.

2. Repayment money

Long-term loan scheduled to be borrowed on January 31, 2022 will be used to fund the repayment.

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Reference

Status of Interest-Bearing Debts after the Early Repayment of Loan

(As of January 31, 2022)

				(JPY million)
		Before the Repayment (Note2)	After the Repayment (Note3)	Difference
	Short-term Loans (Note4)	2,700	100	(2,600)
	Long-term Loans (Note4)	183,409	186,009	2,600
Total Loans	186,109	186,109	-
Corporate Investment Bonds	36,600	36,600	-
Total interest-bearing debt	222,709	222,709	-

(Note2) As of January 30, 2022

(Note3) It is assumed that the interest-bearing debts will change as follows by January 31, 2022.

The 500 million yen repayment of loan and the 2,600 million yen early repayment of loan due on January 31, 2022 will be refinanced with long-term loans of the same amount as of the repayment date.

(Note4) Short-term loans are loans with maturity dates within one year from drawdown date and long-term loans are loans with maturity dates that are more than one year away.

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/

[Provisional Translation Only]

English translation of the original Japanese document is provided solely for information purposes.

Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

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