Overview
                                    
                                    
                                        
                                            A. Description of Firm and Principal Owners 
HSUS is a privately-held investment advisor founded in 2014 and solely owned by 
Hazelview Investments Inc. 
B. Description of Advisory Services 
HSUS provides discretionary investment advisory services to institutional separate 
account clients (“Separately Managed Accounts”), an unregistered private partnership, 
Hazelview Global Real Estate Core Fund, L.P (“the Private Fund”)  and as a sub-adviser 
to a registered investment company (“RIC”) (collectively “Clients”) pursuant to written 
investment advisory agreements. The terms of such advisory services, including any 
restrictions on investments in certain types of securities, are established by HSUS, as 
modified through negotiations with Clients, and they are set forth in the investment 
advisory agreement. Investment guidelines and restrictions are determined jointly by 
HSUS and the client at the onset of the relationship. 
HSUS focuses on investing in the securities of both U.S. and non‐U.S. companies 
whose business is to own, operate, develop and manage real estate. The primary
                                        
                                        
                                             
emphasis is on real estate investment trusts (“REITs”) or REIT‐like structures that are 
principally engaged in the ownership, construction, management, financing or sale of 
residential, commercial or industrial real estate. 
HSUS is responsible for originating and recommending investment opportunities to 
Clients, monitoring, evaluating and making recommendations regarding timing and 
manner of disposition of investments and other services as the Clients may reasonably 
request. 
C. Tailoring Advisory Services to Individual Needs 
 
HSUS tailors its advisory services to Clients as set forth in the investment advisory 
agreement for each client. Investment advice is provided directly to each Client and not 
individually to investors in the RIC or Private Fund advised by HSUS. 
D. Wrap Fee Programs 
 
HSUS does not participate in wrap fee programs. 
E. Assets Under Management 
As of December 31, 2023, HSUS manages $192.9 million in Client assets on a 
discretionary basis. 
HSUS does not currently manage any assets on a non-discretionary basis.