Advance Residence Investment Corporation entered debt financing contracts with Sumitomo Mitsui Trust, for the scheduled amount of JPY 1,250 million with the repayment period of 10.00 years that is on January 29, 2027, Risona Bank, Limited for the scheduled amount of JPY 1,000 million with the repayment period of 10.00 years that is on January 29, 2027 and Risona Bank, Limited for the scheduled amount of JPY 1,000 million with the repayment period of 9.00 years that is on January 30, 2026. The fund procured from the debt financing will be used to repay the existing loan due on January 31, 2017. Scheduled Contract Date of Debt Financing is January 27, 2017.