Translation of Japanese Original

July 26, 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 Execution of Commitment Line Agreement

Kenedix Residential Next Investment Corporation (the "Investment Corporation") announced today that the Investment

Corporation decided to execute a commitment line agreement as follows.

1. Purpose of Commitment Line Agreement

The Investment Corporation decided to conclude commitment line agreements to secure flexibility and stability in financing method, for potential needs of funds.

This is a renewal of the commitment line agreement with Sumitomo Mitsui Banking Corporation for maximum borrowing amount of 1,500 million yen, due to the expiration of the existing contract.

Besides the commitment line above, the term of commitment line contracts with MUFG Bank, Ltd. and Mizuho Bank, Ltd have been extended respectively.

2. Outline of Commitment Line Agreement (After this commitment line agreement and extension of period)

Counterparty

Limit of maximum

Contract date

Contract period

Collateral

amount (million yen)

Sumitomo Mitsui Banking

1,500

July 26, 2022

August 1, 2022 to

Corporation

July 31, 2023

MUFG Bank, Ltd

1,500

Unsecured,

August 1, 2019 to

unguaranteed

July 29, 2019

Mizuho Bank, Ltd

1,500

July 31, 2023

3. Other

In relation to the risks associated with the borrowings, there have been no significant changes to the "Investment Risks" stated in the securities report (Yuka shoken hokokusyo) submitted on April 26, 2022.

* 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 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 06:38:02 UTC.