Firm Description Accordant Investments LLC (the “Adviser” or the “Firm”) is a registered investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) and was established in 2023. The Adviser believes that real estate investments can provide significant benefits to investor portfolios, despite the perceived complexity of the asset class, the typically onerous subscription processes, and a general lack of guidance available to investors as to how to use real estate in investor portfolios. As of the date of this brochure, the Adviser serves as the investment manager of the following funds (collectively, the “Funds”):
• The Accordant Real Estate Growth Fund, a real estate-related investment fund exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act” or “Investment Company Act”) and offered pursuant to Regulation D of the Securities Act of 1933 (the “private fund”). The Adviser manages the private fund as described in its offering documents and related materials (collectively, the “Offering Documents”). As more fully described in the Offering Documents, there is no guarantee that the private fund will achieve its objective. Investors should understand and be capable of bearing the significant risks of investing in the private fund, have a limited need for liquidity, and have the ability to withstand losing their entire investment. In addition, an investment in the private fund is only suitable for institutions and individuals that satisfy the conditions set forth in its Offering Documents.
• A real estate related non-diversified, closed-end management investment company that operates as an “interval fund” and is registered under the Investment Company Act (the “interval fund”). The Adviser manages the interval fund pursuant to its prospectus and statement of additional information, which explain applicable investment strategies, risks, fees and other factors to consider before investing. The Funds are collectively the “Clients” and each individually, a “Client”. Interests in Clients are offered to investors (the “Investors”). See Item 7 below for more information on the Firm’s Investors. Firm Ownership The Adviser is a wholly owned subsidiary of Emphasis Capital LLC. More information about the Firm’s ownership structure is provided in Schedules A and B of Form ADV Part 1,

which is available on the SEC’s website at https://adviserinfo.sec.gov. Assets Under Management As of February 29, 2024, the Adviser had approximately $35,630,406 in assets under management. All of the Clients are managed on a discretionary basis and the Adviser does not have any non-discretionary assets under management. Advisory Services The Adviser directs and manages each Client’s investments by providing the following types of services:
• Develop and aggregate due diligence data sets for potential strategies under consideration.
• Select and conduct thorough due diligence on each underlying strategy / investment.
• Model the historical and pro forma combination and interactive effect on the portfolio strategy.
• Engage and contract with underlying managers / investments.
• Regular monitoring, reviewing, performance monitoring.
• The Adviser will actively manage allocation (weighting) decisions as required given the changing market conditions, investment opportunities, liquidity, etc. The Adviser is seeking to enable more investors to add real estate exposure to their investment portfolio by providing products optimized for a particular characteristic of real estate that utilize all of the portfolio management tools available to attempt to achieve the product’s investment objective. Taken together, the Adviser believes these elements will allow more investors to capture the potential investment benefits of adding real estate to their portfolios. At this time, as all Clients are Funds, the services are not tailored to the needs of Investors and Investors cannot impose restrictions on investing in certain types of securities or individual securities. Sub-Adviser IDR Investment Management, LLC (the “Sub-Adviser”), a registered investment adviser under the Advisers Act and an affiliate of the Adviser, serves as the sub-adviser to the Funds that the Adviser manages. The Sub- Adviser is an indirect majority-owned subsidiary of Emphasis Capital LLC and was established in 2016. The Sub-Adviser will provide Adviser with information, including data aggregation, analysis, portfolio management tools and access to custom third-party multimanager strategies. The Adviser uses the information that it obtains from the Sub-Adviser and its own portfolio management system to actively monitor and manage each Fund’s investment holdings.