ORIX JREIT : Announces Prepayment of Loan

For Immediate Release

REIT Issuer:

ORIX JREIT Inc. (TSE: 8954)

Hiroshi Miura

Executive Director

Asset Management Company:

ORIX Asset Management Corporation

Mitsuru Tanaka

President and CEO

Inquiries:

Kazufumi Itabashi

Head of Finance and Investor Relations

TEL：[phone]

ORIX JREIT Announces Prepayment of Loan

TOKYO, March 13, 2024- ORIX JREIT Inc. ("OJR") announces that its asset management company, ORIX Asset Management Corporation, determined prepayment of loan as below.

1. Details of prepayment

(1) Details of prepayment loan

	Loan	Prepayment	Applicable	Drawdown	Maturity	Prepayment
Lender	amount	amount
interest rate	date	date	date
	(million yen)	(million yen)
Sumitomo			Base rate
		based on
Mitsui Trust			Mar. 1,	Feb. 20,	Mar. 21,
8,000	4,000	JBA 1-month
Bank,	2024	2025	2024
		JPY TIBOR
Limited
		+ 0.15%
			Base rate
MUFG			based on	Mar. 1,	Feb. 20,	Mar. 21,
Bank, Ltd.	4,000	4,000	JBA 1-month
2024	2025	2024
(Tranche A)			JPY TIBOR
			+ 0.15%

Note: For the details of the above loan, please refer to the press release "ORIX JREIT Announces New Debt Financing" dated February 26, 2024.

1. Prepayment fund source
   Proceeds from disposition of the property "Seafort Square Center Building" and "Round-Cross Shiba Daimon"(Note) executed on February 29, 2024.

Note: For the details of disposition, please refer to the press release "ORIX JREIT Announces Acquisition of 'SHINYOKOHAMA SQUARE BUILDING' and Disposition of 'Seafort Square Center Building' and 'Round-Cross Shiba Daimon' and Change in Subsidiary Company of Asset Management Company" dated December 25, 2023.

1. One-timecost for prepayment None

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2. Change in interest-bearing liabilities and LTV post-prepayment

Unit: million yen

		Pre-prepayment	Post-prepayment	Change
		(As of March 13, 2024)	(As of March 21, 2024)
＿	Short-term loans	18,500	10,500	-8,000
	Long-term loans	263,587	263,587	―
	Total of loans	282,087	274,087	-8,000
	Investment corporation bonds	26,000	26,000	―
	Sum of loans and investment
	corporation bonds	308,087	300,087	-8,000
	LTV based on total	44.4%	43.8%	-0.6%
	assets (Note)

Notes: "LTV based on total assets" (%) = Interest-bearing liabilities ÷ Expected total assets × 100

"Expected total assets" is calculated by adding or subtracting the increase or decrease amount of interest- bearing liabilities and unitholders' capital since September 1, 2023 to the total assets as of the end of the 43th fiscal period ended August 31, 2023. LTV figure is rounded to the one decimal place. Accordingly, change in the LTV figures may not tally due to rounding error.

3. Additional information for investors

With respect to the risks associated with the prepayment of the loan, the content of "Investment Risks" stated in our Security Report (Yukashoken Hokokusho) for the 43th fiscal period ended August 31, 2023, has not changed.

Note

This is the English translation of original Japanese documents and is provided solely for information purposes. If there are any discrepancies between the translation and the Japanese original, the latter shall prevail.

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