Kenedix Residential Next Investment Corporation (the 'Investment Corporation') announced the decision regarding debt financing (total of ¥0.9 billion) and execution of interest rate swap agreement. Details are as follows. Series- 67-A, Lender - MUFG Bank Ltd., Amount - ¥300 million, Interest Rate - To be determined on May 30, 2022 and will be announced after the decision is made.

Contract Date (Scheduled) - May 30, 2022, Drawdown Date (Scheduled) - June 1, 2022, Principal repayment Date - November 30, 2023, Collateral Repayment Method - Unsecured, unguaranteed - Repayment of principal in full on maturity date. Series- 67-B, Lender - Sumitomo Mitsui Trust Bank, Limited, Amount - ¥300 million, Interest Rate - Base rate (JPY TIBOR for 3 month) +0.25000%. Contract Date (Scheduled) - May 30, 2022, Drawdown Date (Scheduled) - June 1, 2022, Principal repayment Date - May 31, 2026, Collateral Repayment Method - Unsecured, unguaranteed - Repayment of principal in full on maturity date.

Series- 67-B, Lender - Mizuho Trust & Banking Co. Ltd., Amount - ¥300 million, Interest Rate - Base rate (JPY TIBOR for 3 month) +0.25000%. Contract Date (Scheduled) - May 30, 2022, Drawdown Date (Scheduled) - June 1, 2022, Principal repayment Date - May 31, 2026, Collateral Repayment Method - Unsecured, unguaranteed - Repayment of principal in full on maturity date.