Japan Real Estate Investment Corporation announced its decision to procure funds as follows: reason for the borrowing. To apply the loan below to part of the acquisition fund of a property (Seavans S Building), which is stated in the press release titled "Announcement of Acquisition of Domestic Real Estate" dated November 2, 2023. Overview of the borrowing.

Amount of loan, JPY 2,000 million, Lender, MUFG Bank Ltd., Interest rate (Note1), Base rate (1-month JPY TIBOR published by Japanese Bankers Association (hereinafter "JBA")) + 0.040%, Borrowing date, December 1, 2023, (5), Method of borrowing, Loan based on overdraft agreement Unsecured/unguaranteed loan, (6), Interest payment date (Note2), The principal repayment date and the last day of every month in the period until the principal repayment date, (7), Method of principal repayment, Lump-sum repayment on the principal repayment date, (8), Principal repayment date, November 29, 2024.