Japan Real Estate Investment Corporation announced its decision to repay the existing loan before the due date and to procure funds as follows: Prepayment of Short-Term Loans: Prepayment date: December 29, 2023. Overview of loan to be repaid before the due date: Amount of loan to be prepaid: JPY 1,500 million; Amount of loan:P JPY 6,500 million (Note); Amount of loan outstanding after the prepayment: JPY 5,000 million; Lender: Mizuho Bank Ltd. Interest rate: 0.0881% (from November 30, 2023 through December 28, 2023); Borrowing date: August 31, 2023; Method of borrowing: Loan based on overdraft agreement Unsecured/unguaranteed loan; Interest payment date: The principal repayment date and the last day of every month in the period until the principal repayment date; Method of principal repayment: Lump-sum repayment on the principal repayment date; Principal repayment date: August 30, 2024; Disclosure date: August 29, 2023. Debt Financing: Reason for the borrowing: To apply the following loan to the prepayment of the above-mentioned loan.

Overview of the borrowing: Amount of loan: JPY 1,500 million; Lender: The Bank of Fukuoka Ltd. Interest rate: Base rate (3-month JPY TIBOR published by Japanese Bankers Association (hereinafter "JBA")) + 0.110%; Borrowing date: December 22, 2023; Method of borrowing: Loan agreement dated December 20, 2023 Unsecured/unguaranteed loan; Interest payment date: The principal repayment date and the 22nd day of every March, June, September, and December in the period until the principal repayment date; Method of principal repayment: Lump-sum repayment on the principal repayment date; Principal repayment date: December 22, 2033.