CGI Investment Management LLC (“CGI” or the “Firm”), a Delaware limited liability company, is a vertically integrated real estate investment firm principally owned by Raoul Thomas. CGI is an indirect subsidiary of CGI Merchant Group, LLC, a Delaware limited liability company, which was founded by Mr. Thomas in 2006 and has extensive experience investing in and managing commercial real estate and other properties. CGI’s contrarian thinking and diversified investment team seek thematic, value-driven capital dislocation opportunities to create generational wealth. Leveraging the team’s entrepreneurial approach, we seek to identify and accelerate value creation across our various asset classes while positively impacting our host communities. CGI seeks to invest primarily in gateway urban markets and secondary markets across the United States, the Caribbean, and Canada, that are well-known to us and positioned for strong economic growth. CGI currently provides investment advisory services to a small number of Clients, each of which is a private investment fund (each, a “Fund”) investing directly or indirectly into real estate assets, which are typically illiquid and non-tradable. See below for a list of the primary clients of the Firm:
• CGI Fund I, LP (“CGI Fund I”), a Delaware limited partnership formed for the purpose of investing in real estate and real estate-related investments and seeks to provide investors with long-term capital appreciation through a value-add strategy targeting discounted real estate assets, with a primary focus on assets in Florida, and a secondary focus on assets located in the Southeast region of the United States.
• CGI Hospitality Opportunity Fund I, LP (“CGI Hospitality Opportunity Fund I”), a Delaware limited partnership formed to principally pursue an opportunistic strategy targeting discounted hospitality assets and converting them to Conscious Certified HotelsSM (“CCHSM”). The Fund seeks to provide investors long-term capital appreciation through an opportunistic investment strategy. CCHSM is a hotel service-mark, owned by CGI Hotels IP LLC (“IPCo”), an affiliate of CGI, designed to be licensed and used by hotels owned by the Fund and third-party owned hotels within the hotel categories of lifestyle, luxury, resort, and select service.
• CGI Wealth Management Fund, LP (“CGI FOF”), a fund of funds that was established principally to acquire, hold, and dispose of (i) direct investments in a portfolio of underlying real estate funds (which may include funds managed by CGI), (ii) secondary investments in

interests of underlying funds, and (iii) certain co-investments alongside third-party investment managers with which CGI or its affiliates have an existing relationship. The disclosures in this brochure that apply to the other two Funds will also be indirectly applicable to this Fund to the extent that this Fund maintains an investment in the other two funds.
• CGI 1100 OPO Investors, LP (“CGI OPO”), a “side car” vehicle established to invest alongside CGI Hospitality Opportunity Fund I in one real estate opportunity. The funds listed above are each referred to individually as a “Client” and collectively as the “Clients.” “Additional Clients” include feeder funds established for investors with specific tax or regulatory attributes to invest directly into the Funds listed above, as well as additional vehicles that may be established from time to time in connection with the tax or other structuring of the four Funds listed above. These other entities may be referred to in the real estate industry as co- investment vehicles, master funds, feeder funds, special purpose vehicles or parallel funds. Each of the fund structures listed above includes an entity that serves as the general partner of the Fund (which was formed as a limited partnership). Each general partner is an affiliate of CGI and is ultimately principally owned by Raoul Thomas. As of December 31, 2022, CGI managed approximately $951 million in assets on a discretionary basis on behalf of the four Fund Clients listed above, as well as the related Additional Clients. For purposes of the client and assets under management disclosures above, feeder funds, master holding companies and other Additional Clients associated with the four Fund structures listed above were not counted. This was done to avoid confusion and double counting capital toward the assets under management. CGI’s investment advice is limited to real estate and real estate-related assets. As CGI’s Clients consist of private investment funds managed on a discretionary basis, CGI tailors its advisory services to the needs of its Fund Clients, but does not tailor its advisory services to the individual needs of the underlying investors in the Funds. Each Fund Client has an investment mandate that is disclosed to the Fund’s underlying beneficial owners prior to the time that the investors subscribe for interests in the Fund, but the Funds’ beneficial owners do not have the authority to impose investment restriction upon the Funds. CGI does not participate in wrap fee programs.