A. DESCRIPTION OF THE FIRM Oakhurst Advisors, LLC (“Oakhurst”) is an investment adviser registered with the SEC under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Oakhurst was founded in 2014 and advises real estate-related pooled investment vehicles. Oakhurst is headquartered in Los Angeles, California with one other office located in Pasadena, California. Oakhurst is majority-owned by Oakhurst Advisors Holdings, LLC, a Delaware limited liability company (“OAH”), with a remaining passive, minority interest held by K&W, LLC, a California limited liability company (“K&W”). K&W is not involved in Oakhurst’s day-to-day management and has limited operating rights. OAH is majority-owned by S&R Oakhurst Holdings, LLC, a Delaware limited liability company (“SOH”), which holds all voting rights for OAH. SOH is owned by Richard Goldman, Chief Executive Officer, Stanley ltskowitch, and Chuck Ng, Chief Operating Officer. Oakhurst is governed by a Board of Managers, which consists of Mr. Goldman, Mr. Ng and Nitin Chexal. Mr. Chexal holds an ownership interest in some of Oakhurst’s affiliates. Jason P. Lee is Oakhurst’s Chief Legal and Compliance Officer and holds an ownership interest in Oakhurst and certain of its affiliates. B. ADVISORY SERVICES Oakhurst is an advisor to real estate-related pooled investment vehicles and these investment vehicles are Oakhurst’s clients (each client is an “Oakhurst Fund,” and clients are collectively, the “Oakhurst Funds”). Each Oakhurst Fund is designed to provide a specific long-term strategy that requires an indefinite or prolonged holding period. Oakhurst Funds are generally structured as pooled investment vehicles that make direct and indirect investments in real estate and debt secured by real estate. The Oakhurst Funds are currently exempt from registration requirements under the Securities Act of 1933 (“Securities Act”) and the Investment Company Act of 1940 (“Investment Company Act”). The Oakhurst Funds employ the following strategies: − Income Strategy: a private real property secured debt and preferred equity strategy that focuses on acquiring loans (including participations and other partial loan interests) that

are directly or indirectly secured by real estate and preferred equity interests (which are equity interests that have some characteristics that are similar to debt) that are primarily located in California, Texas, New York, and other areas of the Northeastern and Western U.S., but also permits investments in other areas within the U.S. − Sponsored Real Estate Fund Strategy: a real estate investment strategy in which affiliated or unaffiliated sponsors of real estate investment opportunities are identified and investments are made on a side-by-side OAKHURST ADVISORS FIRM BROCHURE (PART 2A OF FORM ADV) I 2024 7 basis with those sponsors, or in a pooled investment vehicle with those sponsors. The investment opportunities offered by these sponsors include both real estate equity and real estate secured debt investment opportunities. − Direct Equity Strategy: a strategy that, directly or through contracted managers and joint ventures with managers, acquires, rehabilitates, manages, holds, and sells real estate, which includes, without limitation, multifamily residential real estate, single family residential real estate, commercial office buildings, and industrial buildings. Oakhurst’s advisory services, either directly or through its affiliates, are provided to Oakhurst Funds on a case-by- case and fund-by-fund basis. The terms of the advisory services, which generally vary by Oakhurst Fund, are specifically referenced in offering materials and/or Oakhurst Funds’ investment management agreements. Investors are invited to refer to the applicable materials for these specifics, copies of which may be requested from Oakhurst. Individual investors within each Oakhurst Fund are not able to designate or limit the potential investments by these funds. C. WRAP FEES Oakhurst does not participate in wrap fee programs. D. ASSETS UNDER MANAGEMENT As of December 31, 2023, Oakhurst manages the following Oakhurst Fund assets on a discretionary and non- discretionary basis: Type of Account Regulatory Assets Under Management Discretionary $1,204,650,234 Non-Discretionary $0 Total: $1,204,650,234 OAKHURST ADVISORS FIRM BROCHURE (PART 2A OF FORM ADV) I 2024 8