ORIX JREIT Inc. ("OJR") announced that its asset management company, ORIX Asset Management Corporation ("OAM"), passed a resolution on the property acquisition as described below. OJR will acquire the Property after the following conditions precedent such as I and II have been fulfilled by the seller. Construction of the property is completed. (Scheduled in January 2021). Necessary permissions and approvals for the property is granted by the authority. Property Name: (Tentative name) Kamata Residence. Specified asset category: Real Estate. Type: Residential Properties. Area: Remaining Tokyo Wards. Acquisition Price: JPY 2,328 million. Appraisal value: JPY 2,560 million. Seller: Not-disclosed. Intermediary: None. Contract date: October 27, 2020. Acquisition date: April 6, 2021. If the seller requests by the end of January 2021 to alter the scheduled date to March 31, 2021 or earlier, OJR and the seller may alter the date by mutual consent. NOI yield: 4.2%. Yield after depreciation: 3.0%.