Global One Real Estate Investment : GOR Announces Obtainment of Debt Financing

Press Release

28 March 2023

REIT Issuer:

Global One Real Estate Investment Corp.

Securities Code: 8958

Representative: Akio Uchida, Executive Director

Asset Manager:

Global Alliance Realty Co., Ltd.

Representative: Kazunori Yamauchi, President

Contact: Gen Yamazaki

General Manager REIT Finance Department

Tel: [phone]

GOR Announces Obtainment of Debt Financing

28 March 2023 - Global One Real Estate Investment Corp. ("GOR") announces today that it decided to obtain debt financing as follows.

1.

Reason for debt financing

GOR decided today to take out loans for a total of 17,000 million yen for the purpose of covering the acquisition of Tomatsu Building.

The acquisition of Tomatsu Building was announced in the press release dated 17 November 2022 titled "GOR Announces Acquisition and Leasing of a Property (Tomatsu Building)".

2. Outline of debt financing (1) Short-term loan

Lender	Loan amount (million yen)	Interest rate (%)	Drawdown date	Maturity date	Collateral/ Repayment method
MUFG Bank, Ltd.	4,600	Bank base rate (JBA 1-month Japanese Yen TIBOR) + 0.160% (*1) (Floating rate)	28 April 2023 (Scheduled)	29 September 2023	Unsecured (*2) /Repayment in full at maturity
6,900	29 March 2024

(*1)

(*2)Interest shall be paid on the end of each month, and the first interest payment date is the end of May 2023. (Partial) repayment of the principal is permissible on the interest payment date. The base interest rate applicable to the calculation period of interest payable on each interest payment date shall be JBA 1-month Japanese Yen TIBOR as of two business days prior to the previous interest payment date. JBA 1-month Japanese Yen TIBOR is shown on the website of General Incorporated Association JBA TIBOR Administration(http://www.jbatibor.or.jp/english/rate/)Under some conditions, the loan may be collateralized by real estate trust beneficial interests etc. owned by GOR.

(2) Long-term loan

Lenders	Loan amount (million yen)	Interest rate (%)	Drawdown date	Maturity date	Collateral/ Repayment method
MUFG Bank, Ltd.	2,300	Bank base rate (JBA 1-month Japanese Yen TIBOR) + 0.220% (*1) (Floating rate)	28 April 2023 (Scheduled)	30 September 2024	Unsecured (*2) /Repayment in full at maturity
1,200	31 October 2024
200	Bank base rate (JBA 1-month Japanese Yen TIBOR) + 0.210% (*1) (Floating rate)	31 March 2026
The Bank of Fukuoka, Ltd.	300	To be determined (*3) (Fixed rate)	30 April 2026
The 77 Bank, Ltd.	300
The Joyo Bank, Ltd.	300
The Yamagata Bank, Ltd.	300
MUFG Bank, Ltd.	300	30 April 2031
Meiji Yasuda Life Insurance Co.	300

(*1)

(*2) (*3)Interest shall be paid on the end of each month, and the first interest payment date is the end of May 2023. (Partial) repayment of the principal is permissible on the interest payment date. The base interest rate applicable to the calculation period of interest payable on each interest payment date shall be JBA 1-month Japanese Yen TIBOR as of two business days prior to the previous interest payment date. JBA 1-month Japanese Yen TIBOR is shown on the website of General Incorporated Association JBA TIBOR Administration(http://www.jbatibor.or.jp/english/rate/)Under some conditions, the loan may be collateralized by real estate trust beneficial interests etc. owned by GOR. The interest rate will be announced when determined on 26 April 2023.

3. Interest-bearing debt before and after the debt financing

The amounts of interest-bearing debt before and after the subject debt financing are shown in the table below.

(Yen in millions)

Before the debt financing (A)	After the debt financing (B)	Net change (B-A)
Short-term borrowings	2,400	13,900	11,500
Long-term borrowings	75,500	81,000	5,500
Corporate bonds	18,700	18,700	－
Total interest-bearing debt	96,600	113,600	17,000

4. Others

The risks relating to the subject debt financing (repayments, etc.) will not alter GOR's "Investment Risks" as detailed in the GOR Securities Report dated 22 December 2022.

About GOR:

Global One Real Estate Investment Corporation ("GOR") is a Japanese Real Estate Investment Trust (J-REIT) listed on the Tokyo Stock Exchange (TSE: 8958) with the ultimate goal of pursuing maximum returns for unitholders. GOR cautiously selects prime properties at prime locations with an eye on "strong and sustainable competitiveness in the marketplace." The three key watchwords in selecting properties are: (1) CLOSER - easily accessible from nearby train stations; (2) NEWER - newly or recently built; and (3) LARGER - large office buildings with extensive office space.

For more information about GOR, please visit:https://www.go-reit.co.jp/en/

Note: This document is the English version of "Press Release" that is written in Japanese. The English version is understood to be a translation of the Japanese version and is supplied as a convenience to investors who prefer to use English. This document, containing forward-looking statements, is not intended to be a solicitation of any particular investment transaction. Investors should consult with their own investment advisors regarding the appropriateness of investing in any of the securities or investment strategies.