Translation of Japanese Original

To All Concerned Parties
January 8, 2014
REIT Issuer: Kenedix Realty Investment Corporation Naokatsu Uchida, Executive Director (Securities Code: 8972)
Asset Management Company: Kenedix Real Estate Fund Management, Inc.
Ryosuke Homma, CEO and President
Inquiries: Hikaru Teramoto
General Manager of Planning Department
KRI Fund Division
TEL: +81-3-3519-3491

Notice Concerning Debt Financing (Series 94) and the Execution of an Interest Rate Swap Agreement

Kenedix Realty Investment Corporation (the "Investment Corporation") today announced its decision to undertake a total of ¥4,300 million in borrowings and the execution of an interest rate swap agreement.
Please see below for additional details.

1. Purpose

The Investment Corporation has decided to execute debt financing agreements to apply the acquisition of real estate (Aplus Tokyo Building) and a part of payment of associated costs.
Note: For details regarding the acquisition of Aplus Tokyo Building, please refer to the press release "Notice
Concerning Acquisition of Property (Conclusion of Agreement) (Aplus Tokyo Building)," dated
December 20, 2013

2. Details

(1) Short-Term Borrowing (Series 94-A)