Sola Impact Group is an investment adviser registered with the SEC under the Investment Advisers Act of 1940 (the "Advisers Act"). Its principal place of business is located in Los Angeles, California. Sola Impact Group, originally Black Impact Group was formed in 2020 and is wholly owned by LAOZ Business Fund, LP, which in turn is owned by Martin Muoto and Gary Lusk. Sola Impact Group is related through common ownership and control to Sola Management, LLC (“Sola Management”). Sola Management provides investment management services to three funds, , asset manager to certain private funds, including the Sola Real Estate Fund I, LLC (“Fund I”), Sola Impact Fund II, LP (“Fund II”) and Sola Impact Opportunity Zone Fund, LP (“Fund III”, collectively with Fund I and Fund II, the “Sola Impact Funds”), and to Sola Rentals QOZB LLC (“Sola Rentals”), a property management company, among other entities in the Sola Impact family of companies. See Item 10 of this Brochure for additional details regarding affiliated entities. Sola Impact Group provides investment management services solely to three private funds (hereinafter collectively, the “Funds"). The three ree Funds are as follows:have initially been formed and will be managed side-by-side including: 1. Black Impact OZ Fund 1, LP, an Opportunity Zone fund (“OZ Fund”)1; 2. Black Impact Non OZ Fund 1, LP, a non-Opportunity Zone fund (“Non OZ Fund”; collectively with the OZ Fund, the “Black Impact Funds”); and 3. Sola Community Revitalization and Affordability Fund, L.P. (“CRA Fund”). The general partner to the OZ Fund and the Non OZ Fund is Black Impact GP, LLC (“BIGP”). The general partner to the Sola Community Revitalization and Affordability Fund, L.P. is Sola CRA Fund GP, LLC (the “CRA GP”; collectively with BIGP, the “General Partners”, each a “General Partner”). Through common ownership and control, Sola Impact Group is related to BIGP, Sola Management, Sola Impact Fund II GP, LLC (“Fund II GP”), Sola OZF GP, LLC (“Fund III GP”), and Sola Rentals, among other entities. BIGP is general partner to the Black Impact Funds and the CRA GP is the general partner to the CRA Fund and are entitled to receive compensation from the Funds for these services as disclosed at Item 5 of this Brochure. Sola Management is the asset manager to the Sola Impact Funds. Fund II GP is the general partner of Fund II. Fund III GP is the GP of Fund III. The Funds receive capital commitments from investors during a fundraising stage and then are generally closed to new investors. From time to time thereafter, as applicable, the General 1 An Opportunity Zone is an economically-distressed community where private investments, under certain conditions, may be eligible for capital gain tax incentives. Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act (“TCJA”), to stimulate economic development and job creation, by incentivizing long-term investments in low-income neighborhoods. Opportunity Zone Census Tracts are identified in the TCJA. Partners will notify one or the other of the Funds’ limited partners (each a “Limited Partner”) to make capital contributions, in proportion to their respective commitments, to enable the Fund to make investments and pay Fund expenses. Prior to each capital call, the investment will typically have been identified and vetted by Sola Impact Group. In providing investment management services to the Funds, Sola Impact Group focuses on a double bottom line objective of seeking financial returns and to make a beneficial social impact by acquiring, rehabilitating, developing, operating, holding for investment, and, as appropriate, disposing of multifamily apartment buildings, mixed-use spaces, improved and unimproved land, ground-up development projects, repositioned and repurposed commercial and office spaces, condominium projects, and

similar properties (each a “Property”, collectively, the “Properties”), located in or, in the case of the Non OZ Fund and the CRA Fund, near2 Opportunity Zones in cities in the western United States with large minority populations, including those potentially experiencing demographic and economic transition. The objectives of the Funds are multifold, but are anchored by the perspective that the revitalization of urban Black and brown communities requires an intentional focus on the following four pillars: 1. Access to Affordable Housing. The preservation and development of affordable multifamily housing for minority communities in major urban markets in a primary objective of the Funds. 2. Access to Education. Learning to utilize technology and education in the technology field is important; closing the “digital divide” is key to addressing racial inequality. 3. Access to Ownership. The Funds will seek to provide pathways for increased homeownership for communities of color. 4. Access to Capital. A key priority of the Funds is to partner with regional developers to enable greater access to capital, support minority-owned small businesses, and create local jobs in communities where the Funds invest. Properties will be acquired through one or more limited liability companies or limited partnerships (each a “Project Entity”) in some cases formed by the applicable Fund and its General Partner, and managed by Sola Impact Group, and in other cases where the Fund is participating in the joint venture opportunity with a third-party developer, an entity which may be formed and managed by either the Fund or the third-party developer. The activities of the Funds, including the ownership, redevelopment, leasing, operation and the fulfilling of other Fund objectives related to the Properties are intended to be conducted primarily through the Project Entities. 2 While neither the Non OZ Fund nor the CRA Fund will provide the TCJA tax benefits of investing in Opportunity Zones, they seek to benefit from an increase in value in properties adjacent to Opportunities Zones as a result of the passage of the TCJA and from improvements in properties completed by Opportunity Zone investment funds. The investment period (the “Investment Period”) for each Fund will commence on the initial closing and terminate on the earlier of (i) a determination by the Fund’s General Partner that the Fund will not purchase any additional Properties for its portfolio or (ii) the three-year anniversary of the Initial Closing, subject to the General Partner’s right to extend for one additional year. The Funds are not required to register under the Investment Company Act of 1940, or to register their securities under the Securities Act of 1933, in reliance upon certain exemptions available to issuers whose securities are not publicly offered. Sola Impact Group manages the Funds on a discretionary basis in accordance with the terms and conditions of each Fund's partnership agreement and organizational documents. Assets under Management. As of December 31, 2023, Sola Impact Group managed approximately $282,618,275 regulatory assets on a discretionary basis. Sola Impact Group does not manage any assets on a non-discretionary basis. Sola Impact Group does not currently manage any separate accounts. Important Additional Considerations. The information provided herein merely summarizes certain aspects of the detailed information provided in each Fund’s partnership agreement and organizational documents. Current Fund investors and prospective investors in any new fund launched and/or managed by Sola Impact Group should be aware of the substantial risks associated with investment as well as the terms applicable to such investment. This and other detailed information will be provided in the Fund offering and organizational documents.