Mori Hills REIT Investment Corporation concluded the following borrowings. Purpose of Borrowings: To be used as a portion of the refinancing of JPY 4,900 million in long-term loans payable due August 31, 2023 (hereinafter "Existing Long-term Loans Payable") (Note). Details of borrowings: Lender: Sumitomo Mitsui Trust Bank, Limited, Borrowing amount: JPY: 2,400 million, Interest rate: Base interest rate+0.180%, Scheduled drawdown date: August 31, 2023, repayment date: August 31, 2028, Method of repayment: To be repaid in full on the principal repayment date, Collateral: Unsecured/Unguaranteed.

Lender: MUFG Bank, Ltd, Borrowing amount: JPY: 5,00 million, Interest rate: Undecide (fixed interest, Scheduled drawdown date: August 31, 2023, repayment date: February 28, 2031, Method of repayment: To be repaid in full on the principal repayment date, Collateral: Unsecured/Unguaranteed.