Mori Hills REIT Investment Corporation concluded the following borrowings. Purpose of Borrowings: To be used as a portion of the refinancing of JPY 6,300 million in long-term loans payable due November 30, 2023 (hereinafter "Existing Long-term Loans Payable") (Note). Details of borrowings: Lender: Sumitomo Mitsui Trust Bank, Limited, Borrowing amount: JPY: 500 million, Interest rate: Base interest rate+0.180%, Scheduled drawdown date: November 30, 2023, repayment date: November 30, 2028, Method of repayment: To be repaid in full on the principal repayment date, Collateral: Unsecured/Unguaranteed.

Lender: MUFG Bank, Ltd, Borrowing amount: JPY: 500 million, Interest rate: Undecide (fixed interest, Scheduled drawdown date: November 30, 2023, repayment date: November 30, 2030, Method of repayment: To be repaid in full on the principal repayment date, Collateral: Unsecured/Unguaranteed. Lender: MUFG Bank Ltd. (Note 4), Borrowing amount: JPY: 500 million, Interest rate: Base interest rate+0.250%, Scheduled drawdown date: November 30, 2023, repayment date: November 30, 2032, Method of repayment: To be repaid in full on the principal repayment date, Collateral: Unsecured/Unguaranteed. Lender: SBI Shinsei Bank, Limited (Note 4) Borrowing amount: JPY: 1500 million, Interest rate: Base interest rate+0.350%, Scheduled drawdown date: November 30, 2023, repayment date: November 30, 2032, Method of repayment: To be repaid in full on the principal repayment date, Collateral: Unsecured/Unguaranteed.