ECP Investment Advisors LLC, (the “Adviser”) is an investment advisory firm organized as a Delaware limited liability company. The Adviser was founded in June 2016 by ECP Services LP. Expedition Capital Partners GP LLC is the general partner of ECP Services LP and is owned by Ty Miller, Frank Schubert, Jason Claro (the “Principals”) and Expedition Holdings LLC. The Adviser provides discretionary investment management services to affiliated investment funds (each a “Fund” or “Funds” and collectively, the “Clients”)1. The Adviser’s services to the Funds consist of (i) investigating, identifying and evaluating investment opportunities; (ii) structuring, negotiating and making investments on behalf of the Funds; (iii) managing and monitoring the performance of such investments; and (iv) exiting such investments on behalf of the Funds. The Adviser’s services to each Fund are subject to the specific investment objectives and restrictions applicable to such Fund, as set forth in such Fund’s limited partnership agreement and other governing documents (collectively, the “Governing Documents”). The Funds are offered exclusively to individuals and other persons who qualify as “accredited investors” under Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and “qualified clients” as defined by Rule 205-3 under the Advisers Act. The Fund’s primary purpose is to provide investors with the opportunity to invest in real estate developments and value-add acquisition properties both regionally and throughout the United States. The Fund intends to capitalize on strategic real estate relationships to invest, both directly and indirectly, in real estate projects sponsored by real estate operating companies with

which the Fund has or expects to develop a preferred relationship (each, an “Investment”). In the future the Adviser may sponsor and operate its own real estate projects and invest in those projects with affiliated pooled investment vehicles and third-party capital. Investors and prospective investors in each Fund should refer to the Governing Documents of that Fund for information on the investment objectives and investment restrictions with respect to that Fund. There can be no assurance that any of the Funds’ investment objectives will be achieved. As such, the Adviser’s services are generally not tailored to the individualized needs of any particular investor of the Fund. Since the Adviser does not provide individualized advice to investors (and an investment in the Fund does not, in and of itself, create an advisory relationship between the investor and the Adviser), investors must consider whether a particular Fund meets their investment objectives and risk tolerance prior to investing. All discussion of the Fund in this Brochure, including but not limited to its investments, the strategies used in managing the Fund, and conflicts of interest faced by the Adviser in connection with the management of the Fund are qualified in their entirety by reference to each Fund’s respective Governing Documents. As of December 31, 2023, the Adviser has $160,917,190 in assets under management, all managed on a discretionary basis. 1 “Fund” or “Client” means a private investment fund to which the Adviser provides investment advice and/or invest on a discretionary or nondiscretionary basis. The individuals and other persons that invest in the Adviser private investment funds are generally referred to herein as “investors.” Unless otherwise expressly stated herein, the terms “Fund” and “Client” do not include “investors.”