CIM Capital, LLC (“CIM”) is a limited liability company organized under the laws of the state of Delaware and based in Los Angeles, California. CIM was formed in March 2015 and began its advisory business after becoming registered with the SEC on August 26, 2015. CIM acts as an investment adviser to certain CIM Clients (as defined herein). CIM provides investment advisory services primarily to investment funds, including commingled funds, single investor funds and co-investment vehicles (collectively referred to herein as “Funds”), all of which are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”) pursuant to Sections 3(a)(1), 3(c)(5), 3(c)(6), 3(c)(7) or 3(c)(1) thereof. CIM refers to each of the Funds individually as a “Client” or collectively as “Clients.” CIM does not currently provide investment advisory services to non-accredited retail investors or to registered investment companies. Please note, not all of CIM’s Clients invest in securities; therefore, CIM’s definition of “Client” herein is different in some cases from the Form ADV Part 1 definition of client. Also, CIM offers integrated arrangements to certain investors (“Multi-Fund Investors”), pursuant to which Multi-Fund Investors invest in multiple Funds. CIM is indirectly, wholly owned by CIM Group, LLC (together with its affiliates, “CIM Group”), which owns, operates, develops and lends to real estate and real estate-related assets and infrastructure assets. Mitsui & Co., Ltd. (“Mitsui”), a Japanese financial conglomerate, owns a ~20% interest in CIM Group. The founders (“Founding Principals”) of CIM Group are Richard Ressler, Avi Shemesh and Shaul Kuba. CIM has 170 Supervised Persons, as well as access to CIM Group’s other ~930 employees for non-securities related matters. CIM Group’s investment committee (“Investment Committee”) consists of certain Principals of CIM Group and a Managing Director in the Japanese Partner Group. The Investment Committee is further divided into sub-investment committees according to investment type and/or geography (i.e., Europe or North America real asset-related equity, credit and publicly traded securities) and each is comprised of a smaller number of Investment Committee members. Please see “Item 8: Methods of Analysis, Investment Strategies and Risk of Loss” for more information regarding the Investment Committee and its sub-committees. CIM is a process and research driven investment adviser that seeks to mitigate risk through the fundamental analysis of the long-term drivers of investment value and to deliver strong risk- adjusted returns by utilizing CIM Group’s vertically-integrated team, community qualification methodology and investment discipline. CIM’s investment advisory business encompasses various investment strategies, including: Opportunistic o Development (i.e., ground up developments and land developments) o Non-Development (i.e., assets requiring substantial redevelopment or assets with high vacancy but do not require ground up development) Value-Add 5 | P a g e o Non-Development (i.e., moderate to high-risk assets with little to no cash flow but potential to produce cash flow once value has been added, assets with low occupancy, below market rents and requiring significant amount of renovation/capital expenditure/repositioning) o Build to Hold (Core) (i.e., ground up development held beyond stabilization, includes assets in Opportunity Zones) Stabilized (Core) – Non-Development (i.e., assets with stabilized occupancy with credit quality tenants on long term leases) Infrastructure o Real Asset (i.e., build-to-core or operating, mature assets, typically majority control) o Decarbonization/Early Stage (i.e., assets in infancy stage, minority or majority control) Credit o Core (i.e., stabilized assets) o Transitional (e.g., operating or non-stabilized assets)  Heavy (i.e., limited or zero cashflow)  Bridge (i.e., light reposition, redevelopment or lease up) o Construction

(i.e., ground up development or heavy repositioning) o Opportunistic (i.e., distressed assets or special situations) Qualified Communities When investing in real assets, CIM generally, but not exclusively, focuses on assets located in traditional downtowns of cities and main streets of densely populated communities that CIM has qualified for investment (“Qualified Communities”). Qualified Communities are either well- established, thriving urban areas; where CIM believes it has an opportunity to acquire assets for prices below long-term, normalized values, or transitional urban districts that have dedicated resources to becoming vibrant urban communities. In either case, CIM seeks to identify urban communities that merit the extensive efforts CIM will undertake in making investments. For Qualified Communities that are in transitional metropolitan districts, the qualification criteria include the following: population growth; broad public support for CIM’s investment approach; private investment; underserved niches in the community’s real estate infrastructure; and the potential to invest a minimum of $100 million of opportunistic equity within five years. For Qualified Communities that are in thriving metropolitan areas, the qualification criteria include the following: positive population trends; public support; opportunities below intrinsic value; and the potential to invest a minimum of $100 million of opportunistic equity within five years. Once a community is qualified, CIM proactively identifies and evaluates specific investment opportunities through its own market analysis and due diligence. In addition, CIM actively seeks opportunities from CIM Group’s relationships, including CIM Group’s broad network of real estate brokers, property owners, municipalities, redevelopment agencies, consultants, architects, national and regional retail tenants, builders, and prospective partners. 6 | P a g e CIM Group expects to continue to own, operate, develop and lend to real estate, real estate-related and infrastructure assets for its own account. CIM tailors its advisory services to the needs of each Client. Please see “Item 8: Methods of Analysis, Investment Strategies and Risk of Loss” for more information regarding CIM’s investment methodology. With the exception of Multi-Fund Investors and certain single investor funds, CIM generally has discretionary authority to manage accounts on behalf of its Fund Clients in accordance with such Fund Client’s investment objectives, strategies and limitations and pursuant to the terms of the management agreement with each such Fund Client. Multi-Fund Investors are expected to exercise discretion over their accounts (but not the underlying Funds), and certain investors in single investor funds exercise discretion over their accounts. In the case of Fund Clients, the investment management agreement is generally entered into on behalf of the Fund by the Fund’s general partner or managing member, who is generally a member of CIM Group. Additional investment objectives, strategies and limitations for Fund Clients are also generally set forth in the Fund’s organizational and offering documents (such documents, together with investment management agreements, “Governing Documents”). CIM Clients co-invests with clients of CIM Group’s other registered advisers (i.e., CIM Capital IC Management, LLC, CIM Capital SA Management, LLC) and CIM Group’s non-registered advisers, collectively referred to as the “Affiliated Advisers”). In such cases, the allocation of responsibilities among the advisers and/or general partners and managing members will be set forth in the Governing Documents. In the event a co-investment takes place with an Affiliated Advisers’ client, which is registered under the Investment Company Act, such co-investment will be completed in accordance with the conditions of applicable exemptive relief received from the SEC. Management of Client Assets As of December 31, 2023, CIM had $2,508,099,966 of Regulatory Assets under Management, all of which are managed on a discretionary basis. 7 | P a g e