Translation of Japanese Original

March 23, 2022

To All Concerned Parties

REIT Issuer:

Kenedix Residential Next Investment Corporation

Representative: Tetsu Kawashima, Executive Director

(Securities Code Number: 3278)

Asset Management Company

Kenedix Real Estate Fund Management, Inc.

Representative: Masahiko Tajima, President & CEO

Contact: Shin Yamamoto, Head of Strategic Planning,

Residential REIT Department

TEL:+81-3-5157-6011

Notice Concerning Change of Property Name

Kenedix Residential Next Investment Corporation (the "Investment Corporation") announced that the name of following property is to be changed. Details are as follows.

1.

Change of property name

Property

New Property Name

Current Property Name

Effective Date

No.

T-101

KDX Residence Tsudanuma

Hulic Residence Tsudanuma

April 1, 2022

2.

Reason for changing property name

the Investment Corporation aims to improve the awareness and competitiveness in rental market by rebranding the property as "KDX Residence", which is a brand name widely used for properties owned by the Investment Corporation.

* Website URL of the Investment Corporation: https://www.kdr-reit.com/en/

[Provisional Translation Only]

English translation of the original Japanese document is provided solely for information purposes.

Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

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Kenedix Residential Next Investment Corporation published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 06:43:03 UTC.