FIRM DESCRIPTION L&B Realty Advisors, LLP, a Delaware limited liability partnership and real estate investment advisory firm, was formed in 1965. We provide real estate investment management services to real estate pooled investment vehicles, private institutional clients and separately managed accounts. Our investment advice is provided in accordance with the investment objectives and guidelines set forth in the applicable offering, governing and/or account documents. The information set forth in this brochure is qualified in its entirety by the information set forth in the applicable offering, governing and/or account documents. PRINCIPAL OWNERS We are owned and controlled by Daniel L. Plumlee and G. Andrews Smith. TYPES OF ADVISORY SERVICES Separately Managed Accounts We provide real estate investment and portfolio management services with respect to separately managed accounts (the “Accounts”) of various institutional, private and other clients. We also provide investment advice to pension plans. As portfolio manager, we execute full-service investment management: from acquisition to asset management to disposition. The Accounts are managed in accordance with the terms, conditions and limitations set forth in the management agreement entered into with each client. As an independent fiduciary, we also provide financial advisory and owner representation services. Our financial advisory services include asset acquisitions, portfolio assessments, feasibility analyses, equity/debt workouts and hold/sell analyses. Our owner representation services cover the full spectrum of real estate investment management including portfolio management, asset management, development oversight, construction management, property management, property accounting and reporting and disposition process management. We may provide services on a discretionary

or non-discretionary basis. The Fund We serve as investment adviser to L&B Core Income Partners, L.P. (the “Fund”), a pooled investment vehicle organized as a Delaware limited partnership that invests directly or indirectly in real estate and real estate related assets. One of our affiliates serves as general partner to the Fund. We serve as investment and portfolio manager with respect to the Fund and have been responsible for investing and reinvesting the assets of the Fund primarily in real estate-related investments. The Fund has been managed in accordance with the investment objectives, policies and guidelines set forth in its offering and governing documents. However, all real estate assets previously held by the Fund have been sold and the Fund is being wound down. Information about the Fund is set forth in its confidential memorandum and/or applicable governing documents. Investment in the Fund does not, in and of itself, create an advisory relationship between an investor in the Fund and us. In addition, we, or an affiliate of ours, may form, and serve as investment adviser to, other pooled investment vehicles in the future. General We tailor our advisory services to the individual needs and objectives of our clients, and clients generally are permitted to impose reasonable restrictions on investments. ASSETS UNDER MANAGEMENT As of December 31, 2023, we had a total of approximately $9.8 billion in assets under management. Approximately $428 million of these assets were managed on a discretionary basis, and approximately $9.4 billion of these assets were managed on a non-discretionary basis. However, for purposes of calculating the amount of regulatory assets under management disclosed in Item 5.F(2) of Part 1A of Form ADV, we include only the aggregate balance of the securities portfolios of the Fund as of December 31, 2023.