NTT UD REIT Investment Corporation (NUD) announced the decision made at its board of directors' meeting held October 26, 2023 to borrow funds (hereinafter, the Debt Finance) as described. Details of the Debt Finance: The Debt Finance involves the borrowing of four term loans (long-term loan with a total borrowing amount of JPY 8,650 million. Contract Number: Term loan 130; Expected Drawdown Date and Expected Disbursement Date: November 8, 2023; Lenders and Amount of Debt Finance: NTT TC Leasing Co.,Ltd.: JPY 2,000 million; Sumitomo Mitsui Trust Bank, Limited: JPY 1,000 million; Aozora Bank Ltd.: JPY 300 million; total: JPY 3,300 million; Borrowing Method: The loan agreement dated November 6, 2023 with the lender indicated above; Repayment Date: November 8, 2028; Repayment Method: Lump-sum repayment upon maturity; Interest Rate: Fixed rate: not yet fixed (Note); Collateral /Guarantee: Unsecured and non-guaranteed.

Contract Number Term loan 131: Expected Drawdown Date and Expected Disbursement Date: November 8, 2023; Lenders and Amount of Debt Finance: Aozora Bank Ltd.: JPY 1,000 million; Sumitomo Mitsui Trust Bank, Limited: JPY 350 million; total: JPY 1,350 million; Borrowing Method: The loan agreement dated November 6, 2023 with the lender indicated above; Repayment Date: November 8, 2030; Repayment Method: Lump-sum repayment upon maturity; Interest Rate: Fixed rate: not yet fixed (Note); Collateral /Guarantee Unsecured and non-guaranteed. Contract Number Term loan 132: Expected Drawdown Date and Expected Disbursement Date: November 8, 2023; Lenders and Amount of Debt Finance: Sumitomo Mitsui Banking Corporation: JPY 2,000 million; Borrowing Method: The loan agreement dated November 6, 2023 with the lender indicated above; Repayment Date: May 7, 2032; Repayment Method: Lump-sum repayment upon maturity; Interest Rate: Fixed rate: not yet fixed (Note); Collateral /Guarantee: Unsecured and non-guaranteed. Contract Number Term loan 133: Expected Drawdown Date and Expected Disbursement Date: November 8, 2023; Lenders and Amount of Debt Finance: Mizuho Bank Ltd.: JPY 2,000 million; Borrowing Method: The loan agreement dated November 6, 2023 with the lender indicated above; Repayment Date: November 8, 2033; Repayment Method: Lump-sum repayment upon maturity; Interest Rate: Fixed rate: not yet fixed (Note); Collateral /Guarantee: Unsecured and non-guaranteed.