March 31, 2022

For Immediate Release

Name of REIT Issuer:

CRE Logistics REIT, Inc.

2-10-1, Toranomon, Minato-ku, Tokyo, Japan Tsuyoshi Ito, Executive Director

(TSE Code: 3487)

Asset Manager

CRE REIT Advisers, Inc. Tsuyoshi Ito, President Person of Contact:

Hirohisa Toda, Executive Officer, Head of Corporate Planning and General Affairs Tel: +81-3-5575-3600

Notice Concerning Change in Rating

CRE Logistics REIT, Inc. ("CRE REIT") hereby announces that Rating and Investment Information, Inc. ("R&I") publicly announced today that it changed the rating for CRE REIT as follows.

Rating company

Object of rating

Before

After

R&I

Issuer Rating （Rating Outlook）

Ａ－

（Positive）

Ａ

（Stable）

Bond Rating

Ａ－

Ａ

For further details, please visit the R&I website.

R&I website:https://www.r-i.co.jp/en/index.html

* CRE Logistic REIT, Inc. website:https://cre-reit.co.jp/en/

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CRE Logistics REIT Inc. published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 06:15:06 UTC.