English Translation

The following is an English translation of the Japanese original press release and is being provided for information purposes only.

March 11, 2021

To All Concerned Parties

REIT Issuer: Daiwa Securities Living Investment Corporation

6-2-1 Ginza, Chuo-ku, Tokyo 104-0061

Ikuo Shoda, Executive Director

(Securities Code: 8986)

Asset Manager: Daiwa Real Estate Asset Management Co. Ltd.

Toshio Fukushima, President and Chief Executive Officer

Inquiries: Takashi Chiba, General Manager, Corporate Division

Tel: +81-3-6757-9680

Notice Concerning Upgrade of Long-Term Issuer Rating by JCR

Daiwa Securities Living Investment Corporation (the "Investment Corporation") hereby announces that the long-term issuer rating has been upgraded by Japan Credit Rating Agency Ltd. (JCR) today. Details are as shown below.

Summary of the Change

Credit Rating Agency: Japan Credit Rating Agency, Ltd. (JCR)

Type of Credit Rating: Long-term issuer rating

From

To

Credit Rating

A+

AA-

Outlook

Positive

Stable

Please refer to JCR's website(https://www.jcr.co.jp/en/)for details concerning the rationale of the revision.

-End-

*URL:https://www.daiwa-securities-living.co.jp/en/

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Japan Rental Housing Investments Inc. published this content on 11 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2021 06:31:06 UTC.