Initially established in 1995, DLJ RECP initially served as a real estate private equity platform for Donaldson, Lufkin & Jenrette, Inc. and later, Credit Suisse. In September 2010, DLJ RECP was spun- off from Credit Suisse as an independent entity and the Firm continues to manage real estate private equity funds. DLJ RECP is principally owned by DLJ RECP Management, L.P., a Delaware limited partnership and minority owned by Credit Suisse Private Equity, Inc. DLJ RECP wholly owns and is filing an umbrella registration with DLJ Real Estate Capital Partners (HK), Limited, an affiliated adviser located in Hong Kong whose role is to provide investment advisory services to DLJ RECP. Through DLJ RECP Management, L.P., DLJ RECP is principally owned by Mr. Andrew Rifkin. DLJ RECP provides investment advice to real estate private equity funds. Affiliates of DLJ RECP generally act as general partners of funds (the “General Partners”) that are organized as limited partnerships, limited liability companies or similar investment vehicles (collectively referred to as the “Partnerships”) and DLJ RECP and its affiliates acts as manager of the Partnerships. The Partnerships are structured to primarily invest either (i) in a particular real estate investment portfolio or (ii) in certain types of real estate investment opportunities as described in the offering memorandum of the Partnership with the actual investments identified by DLJ RECP and made during a designated commitment or similar period. DLJ RECP also manages funds which invest in portfolios which are mirror-images of the funds described above and to dispose of investments made in “lock step” with such funds. The Partnerships were privately offered to institutional investors and high net worth individuals (each an “Investor” and collectively “Investors”) and are designed to make long-term private equity investments in real estate and related assets. DLJ RECP’s services consist of identifying investment opportunities, making investments, and managing and disposing of investments made by the Partnerships. In addition, DLJ RECP structures and manages certain single asset joint venture vehicles (each a “JV” or collectively the “JVs” and the JVs and the Partnerships are collectively referred to as the “Clients”). These JVs are formed to invest alongside a Client fund in a specific real estate investment. In these instances, DLJ RECP combines assets of Client funds to complete the investment opportunity, sometimes with unaffiliated third-party investment partners. Each JV is managed in accordance to its own specific set of governing documents. The Partnerships are offered exclusively to accredited investors and/or qualified purchasers pursuant to Section 3(c)(1), 3(c)(5) or Section 3(c)(7) of the Investment Company Act of 1940 (as amended, the “Company Act”), and are therefore not required to register as investment companies under the Company Act in reliance upon certain exemptions available to investment funds whose securities are not publicly offered. DLJ RECP tailors its advisory services to the specific investment objectives and restrictions of each Partnership, but not individual Investors of the Partnership. Such Investors should consider whether the investment strategies are in line with their risk tolerance. The Partnerships are governed by their respective limited partnership agreements (the “Fund Documents”) In accordance

with common industry practice, one or more of the Partnerships’ general partners has entered into “side letters” or similar agreements with certain Investors pursuant to which the general partner grants the Investor specific rights, benefits, or privileges that are not made available to Investors generally. See “Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss” for more details. An affiliate of the Firm, DLJ Real Estate Management, LLC, provides various services to the Partnerships and JVs such as, but not limited to, property management, asset management, development and construction, acquisition, partnership oversight, leasing, and EB5 Administration services. Such services are also provided to joint venture partners, third-parties and/or to underlying real estate assets for a fee. Such services are tailored to a specific Partnership or JV and are negotiated with a third party joint venture investor(s) and/or sophisticated investor(s) prior to providing services. DLJ RECP considers the negotiation of such fees to be arm’s length and reasonable. Certain fees are paid at the Client level or property level, and the Firm will offset the receipt of certain fees against management fees in accordance with the terms as identified in each respective Client’s Fund Documents. Investors and other recipients should be aware that, while this Brochure includes information about the Partnerships and JVs, it is not a complete description of the terms, risks or conflicts associated with an investment in the Partnerships or the JVs. More complete information about each Partnership and JV is included in the relevant offering memorandum, subscription agreements, and other such agreements (“Offering Documents”) of such Partnership or JV, which have been provided to eligible Investors in the applicable Partnership or JV by DLJ RECP or another authorized party. This Brochure is not an offer to sell or a solicitation of an offer to buy interests in a Partnership or JV and should not be relied upon for the purpose of determining whether to invest in the Partnerships or JVs. This Brochure is designed solely to provide information about DLJ RECP for purposes of complying with certain obligations under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and, as such, responds to relevant regulatory requirements under the Advisers Act that may differ from the information required to be provided in the Client’s Offering Documents and Fund Documents. In the event of any inconsistency between the Fund Documents and this Brochure, the Fund Documents shall control. There is no assurance that any of the below Partnerships’ or JVs’ investment objectives will be met or that the Partnerships’ or JVs’ strategies will be successful. DLJ RECP manages the assets of the Partnerships and JVs in accordance with the terms and conditions of the applicable Fund Documents . The Adviser does not participate in wrap fee programs. As of December 31, 2023, DLJ RECP managed regulatory assets under management on a discretionary basis of approximately $ 1,405,954,779 which was calculated based on the current market value (or fair value) of the Partnerships assets and the contractual amount of any uncalled commitments to which Investors are obligated to make as capital contributions to the Partnerships. DLJ RECP does not manage regulatory assets under management on a non-discretionary basis.