Nomura Real Estate Master Fund, Inc. announced the decision made that it will procure debt financing ("Debt Financing") to refinance the existing debt totaling ¥11,330 million ("Existing Debt") and to pay for the acquisition of the assets. Debt Financing I Amount: ¥11,330 million. Specifics: To be used for repayment of the existing borrowings based on term loan(Note) agreement totaling ¥11,330 million which will mature on November 27, 2023.

Scheduled Date of Use: November 27, 2023.