Notice Concerning Debt Financing based on SMBC’s Green Building Assessment Loan

Translation of Japanese Original
To All Concerned Parties
January 10, 2012
REIT Issuer: Kenedix Realty Investment Corporation
2-2-9 Shimbashi, Minato-ku, Tokyo Taisuke Miyajima, Executive Director (Securities Code: 8972)
Asset Management Company: Kenedix REIT Management, Inc. Taisuke Miyajima, CEO and President Inquiries:
Masahiko Tajima
Director / General Manager, Financial Planning Division
TEL.: [phone]

Notice Concerning Debt Financing based on SMBC's Green Building Assessment Loan

Kenedix Realty Investment Corporation ("the Investment Corporation") announced today that it has
undertaken debt financing ("the Debt Financing") from Sumitomo Mitsui Banking Corporation ("SMBC") based on its green building assessment loan, as the first J-REIT to undertake debt financing based on this system. Details are as follows.
1. Overview of SMBC's Green Building Assessment Loan
SMBC's green building assessment loan is a financing product based on the assessment of buildings owned or constructed by companies for such factors as 1) their environmental performance on energy, water, materials and other issues, 2) initiatives on risk management, including earthquake resistance, business continuity
planning (BCP) and business continuity management (BCM), to secure sustainability, and 3) management policies and implementation to promote 1) and 2). Assessments are made based on the proprietary criteria prepared by SMBC and CSR Design and Landscape Co., Ltd.
For further details of SMBC's announcement and the scheme, please visit the following website: SMBC website (Japanese only): http://www.smbc.co.jp/news/j510200_01.html
2. Assessment Content and Overview of the Debt Financing
(1) Assessment Content

Property Name	Location	Certification Level
KDX Nagoya Sakae Building	4-5-3 Sakae Naka-ku, Nagoya-shi, Aichi	Silver
KDX Harumi Building	3-12-1 Harumi, Chuo-ku, Tokyo	Bronze

The two buildings have been evaluated to be at high levels for "management policies and implementation",
"energy and the atmosphere" and "interior environment," with KDX Nagoya Sakae Building awarded silver certification and KDX Harumi Building awarded bronze certification.
(2) Overview of the Debt Financing
Series 67 (total of 2.5 billion yen) borrowed from SMBC today. (Note)
Note: For further details of the Debt Financing, please refer to the press release "Notice Concerning Debt Financing
(Series 67)" dated January 5, 2012.
3. Future Measures
The Investment Corporation will continue to advance energy conservation at owned office buildings with the support of outside consulting, etc. on efficient energy use, as a J-REIT pioneer in managing mid-sized office buildings.
This notice is the English translation of the Japanese announcement on our Web site released on January 10, 2012. However, no assurance or warranties are given for the completeness or accuracy of this English translation.

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