SANKEI REAL ESTATE Inc. announced its decision made to borrow funds and refinance part of its existing borrowings. The company borrowed loan from Loan syndicate with Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corporation as the arrangers. Planned borrowing is JPY 6,200 million. Interest rate is Base rate + 0.250% (fixed interest rate). Maturity date is September 2, 2025. Repayment method is Lump-sum repayment at maturity. Interest payment due: The first interest payment due date shall be December 2, 2021, followed by the 2nd of every March, June, September and December thereafter, and the. Maturity date is September 2, 2025. Security is Unsecured and non-guaranteed. The company borrowed loan from Loan syndicate with Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corporation as the arrangers. Planned borrowing is JPY 6,200 million. Interest rate is Base rate + 0.300% (fixed interest rate). Maturity date is September 2, 2026. Repayment method is Lump-sum repayment at maturity. Interest payment due: The first interest payment due date shall be December 2, 2021, followed by the 2nd of every March, June, September and December thereafter, and the Maturity date. Security is Unsecured and non-guaranteed. The Borrowings are for use as part of the funds for acquisition of the real estate trust beneficiary rights to 4 properties (hereinafter, the "To-Be-Acquired Assets") as stated in "Notice Concerning Acquisition and Leasing of Trust Beneficiary Rights in Domestic Real Estate" announced cost associated with such acquisition, with the proceeds from the primary offering as stated in "Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units" announced today. In connection with the decision of the Borrowings, SANKEI REAL ESTATE considered the trends and the level of interest rates, the ratio of interest- bearing liabilities (LTV ratio), the level of distribution per unit and other factors. In the Borrowings, SANKEI REAL ESTATE plans to procure funds from new financial institutions in addition to financial institutions from which it borrowed funds until now with the intent to diversify lenders. The company borrowed loan from Mizuho Bank Ltd. Planned borrowing is JPY 4,300 million. Maturity date is October 1, 2021. Repayment method is Lump-sum repayment at maturity. Interest payment due: The first interest payment due date shall be November 1, 2020, followed by the 1st of every calendar month thereafter, and the maturity date. Security is Unsecured and non-guaranteed. To repay 4,300 million yen of the following borrowings due for repayment on October 1, 2021.