Sterling Investors, LP is a Delaware limited partnership formed in September 2019 with its principal office in New York, NY. Sterling Investors GP, LLC is the general partner of Sterling and Khaled Kudsi is the managing member and principal owner (the “Principal”) of Sterling Investors GP, LLC. Sterling provides investment advisory services to a private fund, Sterling Investors Fund I, LP (the “Fund”), a Delaware limited partnership. The Fund will exclusively invest in real estate opportunities in North America and Western Europe. Sterling intends to manage the Fund pursuant to investment guidelines set forth in the relevant governing and offering documents of the Fund, including any limited partnership agreement, term sheet, private placement memorandum and/or subscription agreement (each an “Offering Document”, and collectively, the “Offering Documents”). The Offering Documents contain more detailed information about the Fund, including a description of the investment objective and strategy or strategies employed by the Fund and related restrictions that serve as a limitation on Sterling’s advice or management. Sterling will not tailor its advisory services to the individual investors in the Fund (each an “Investor” and collectively the “Investors”), or provide Investors with the right to specify, or restrict the Fund’s investment objectives or any investment or trading decisions. Accordingly, an investment in the Fund does not create a client-adviser relationship between such Investors and Sterling. The Fund is expected to rely on the exception

from the definition of an “investment company” provided by Section 3(c)(7) of the U.S. Investment Company Act of 1940, as amended (the “1940 Act”). Each Investor is strongly encouraged to undertake appropriate due diligence, including but not limited to a review of relevant Offering Documents and the additional details about Sterling’s investment strategies, methods of analysis and related risks (as discussed in Item 8 of this Brochure and the Fund’s Offering Documents) in considering whether Sterling’s advisory services, or an investment in the Fund are appropriate to its own circumstances, based on all relevant factors including, but not limited to, the Investor’s own investment objectives, liquidity requirements, tax situation and risk tolerance before making an investment decision. The general partner of the Fund is Sterling Investors Associates I, LP (the “General Partner”), a Delaware limited partnership. The General Partner will have ultimate responsibility for decisions relating to management and operations made on behalf of the Fund and will have ultimate responsibility for the investment decisions made on behalf of the Fund but has delegated certain responsibilities to Sterling. Additional detailed information about Sterling is provided below, including information about Sterling’s advisory services, investment approach, personnel and affiliations. Sterling does not participate in wrap fee programs. As of December 31, 2023, Sterling managed $410,750,000 in regulatory assets under management (“RAUM), all on a discretionary basis.