Hankyu Hanshin REIT, Inc. announced its decision made on March 21, 2024 to undertake debt financing. These funds will be allocated to the acquisition cost for Home Center Kohnan Sakai Takasu Store (site) on March 27, 2024, described in "Notice Concerning Acquisition of Domestic Real Estate" dated January 24, 2024. Details of Debt Financing: Long-term Borrowing: Lenders: MUFG Bank Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Limited, Mizuho Bank Ltd., The Senshu Ikeda Bank Ltd., and Mizuho Trust & Banking Co.

Ltd. with amount of debt financing of JPY 1,400 Million, JPY 1,200 Million, 1,100 Million, JPY 800 Million, JPY 400 Million, and JPY 300 Million respectively. Interest rate: Base interest rate: (JBA 1-month Japanese Yen TIBOR) +0.25% Variable interest rate. Drawdown date: March 27, 2024.

Maturity Dates: March 27, 2026. Lending and Repayment methods: Unsecured/Non-guaranteed, Lump-sum repayment. Long-term Borrowing: Lenders: Development Bank of Japan Inc. with amount of debt financing of JPY 1,300 Million.

Interest rate: Base interest rate: (JBA 3-month Japanese Yen TIBOR) +0.25% Variable interest rate. Drawdown date: March 27, 2024. Maturity Dates: March 27, 2026.

Lending and Repayment methods: Unsecured/Non-guaranteed, Lump-sum repayment.