Our Firm Profile Claros REIT Management LP (“CRM” or the “Adviser”), a Delaware limited partnership, was formed in 2015. CRM acts as investment adviser to Claros Mortgage Trust, Inc. (“CMTG”), a publicly traded real estate investment trust (“REIT”) that is listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “CMTG,” and certain related investment vehicles. CMTG engages primarily in the business of originating, acquiring, and managing senior loans on transitional commercial real estate assets. MRECS Holdings LLC and ARS VII Claros Manager, LP are the principal owners with at least a 25% direct ownership interest in CRM. Richard Mack is also a principal owner who maintains (directly and/or indirectly) at least a 25% ownership interest in CRM. CRM is under common control with Mack Real Estate Credit Strategies, L.P. (“MRECS”), a registered investment adviser that was formed in 2014, and MREG Fund Management LLC (“MFM”), a relying adviser of MRECS that was formed in 2014. CRM was a relying adviser of MRECS until August 3, 2020, at which time it filed its own registration as an investment adviser with the SEC. CRM is a related adviser of MRECS pursuant to Rule 203A-2(b) of the Investment Advisers Act of 1940, as amended (the “Advisers Act”). CRM is under common control with MRECS and MFM, and its principal office and place of business is the same as that of MRECS and MFM. Pursuant to a services agreement, certain personnel of MRECS allocate a portion of their business time and attention to CRM. Please refer to the Form ADV Part 2A brochure for MRECS (the “MRECS Brochure”) for additional information about the advisory services provided by MRECS and MFM. The term “Adviser” in this Brochure typically refers to CRM. However, while this Brochure primarily concerns CRM, some of the information herein applies to our collective advisory business as a whole. Accordingly, terms such as “we,” “our,” and “us” generally refer to the advisory business of CRM, but in certain circumstances are intended to address the collective advisory business of CRM, MRECS, and MFM (collectively, the “Advisers”) as a whole. As used herein, any references to “or” shall mean “and/or” and any references to “including” shall mean “including but not limited to.” Our Advisory Services CRM provides advice primarily with respect to the origination and management of loans by CMTG (collectively, with CMTG/TT Mortgage REIT LLC (“CMTG/TT”), in which CMTG has a non-controlling interest, the “Clients”).1 Information relating to fees, expenses, investment strategies and risks for each Client is, or will be, set forth in the respective Client’s Governing Documents (as defined below). At present, CRM provides advice only to the Clients. In the future, CRM may provide advice with respect to other types of investments or services to clients through any future REIT or other investment vehicles. 1 “Client” means any REIT or similar pooled investment vehicle for which the Adviser provides investment advice and/or makes investment recommendations. The investors and other persons who invest in the Clients are generally referred to herein as “investors.” Unless otherwise expressly stated herein, the term “Client” does not refer to “investors.” CRM Form ADV Part 2A. Page 5 of 39 Pursuant to a management agreement (the “Management Agreement”) with CMTG, CRM is responsible for the day-to-day management of CMTG. In accordance with such Management Agreement, and subject to oversight by CMTG’s Board of Directors (the “CMTG Board” or “Board”), CRM will perform (or cause to be performed) such services and activities relating to CMTG’s investments and business affairs as may be appropriate, including (but not limited to) the following:
• serving as CMTG’s consultant with respect to the periodic review of the applicable investment guidelines (the “Guidelines”), any modification to which shall be approved by CMTG, and other policies for approval by CMTG;
• identifying,

investigating, analyzing and selecting possible opportunities and, subject to the Guidelines, originating investments consistent with the Guidelines, and recommending to CMTG strategies for the same;
• subject to approval of CMTG, acquiring, originating, financing, retaining, negotiating for prepayment, refinancing, hypothecating, pledging, selling, restructuring or disposing of investments consistent with the Guidelines, and recommending to CMTG strategies for the same;
• meeting or corresponding with CMTG to discuss, develop and document a course of action to be taken with respect to any investment that has cleared all applicable approval processes of CRM or with respect to amendments or changes to the Guidelines;
• supervising the structure of the acquisition, origination or advance of investments;
• performing financial analyses, reviewing files and borrower reports concerning investments and reporting salient details thereof to CMTG;
• overseeing physical due diligence investigations of and reviewing and assessing any liens or other encumbrances on properties securing any investments;
• advising on the compliance and licensing necessary to own and manage investments;
• with respect to prospective acquisitions, sales or exchanges of investments, conducting negotiations on behalf of CMTG with sellers, purchasers and brokers and, if applicable, their respective agents and representatives (in cooperation with legal counsel chosen by CRM and approved by CMTG);
• establishing and implementing loan origination networks and conducting loan underwriting, due diligence and the execution of loan transactions;
• overseeing loan portfolio servicers; and
• providing CMTG with portfolio management, including the periodic review and evaluation of the performance of CMTG’s portfolio of investments. The information provided above is a summary only and is not intended to be exhaustive. Prospective and existing investors in CMTG are advised to review the Management Agreement and CMTG’s SEC filings available at www.sec.gov/edgar for a further description of the advisory services performed by CRM for CMTG. Customization of Our Advisory Services Our advisory services are generally tailored to meet the specific investment objectives and requirements of each Client as set forth in the governing documents establishing our relationship with such Client. Such documents include the Management Agreement as well as a management agreement with CMTG/TT, and may also include other organizational and governance documents, including offering documents (such as a prospectus), limited liability company agreements, limited partnership agreements, committee charters, bylaws, and other formation documents, as amended or CRM Form ADV Part 2A. Page 6 of 39 restated from time to time (together, the “Governing Documents”). Collectively, the Governing Documents establish CRM’s relationship with the Clients, CRM’s relationship with the CMTG Board, and the Board’s governance of CMTG. The Governing Documents of each Client typically define a strategy and may impose certain investment restrictions such as the type and geographic location of investments, typical size, maximum leverage and the percentage of the Client’s assets that can be invested in a single asset, which, in the case of CMTG, may be modified at any time by its Board of Directors. Any such restrictions apply to the relevant Client as a whole. We do not provide investment advice to underlying investors in the Clients (e.g., holders of CMTG class A common stock) based on their individual needs. Wrap Fee Program Participation We do not provide services under any wrap fee program. Assets Under Management As of December 31, 2023, CRM managed approximately $8,110,169,000 of client “regulatory assets under management” (“RAUM”) on a discretionary basis.