Tranche Update on 360 Capital REIT's Equity Buyback Plan announced on April 15, 2020.

360 Capital REIT (the Fund) is an Australia-based company, which invests in various forms of real estate assets. The Fund invests in real estate equity and is focused on acquiring a diversified portfolio of income-producing commercial real estate assets across Australia and New Zealand. The Fund invests in all aspects of the real estate market, which includes ownership of direct and indirect property and real estate financing through senior and mezzanine credit. The Fund’s real estate strategy spans both equity and credit. Its real estate equity strategy spans Australia and New Zealand, with a focus on value-add and opportunistic direct assets, along with actively managed investments in real estate operating platforms.