Walton Street Capital, L.L.C. was founded in 1994 and is owned by Walton Capital Advisors, L.P. As of December 31, 2023, affiliates of Walton Street managed $14,552,941,163 on a gross basis, which includes each investment vehicle’s net asset value, allocable share of debt on underlying investments and, with respect to vehicles meeting the definition of private fund, remaining commitments able to be called. Walton Street provides investment advisory services to investment vehicles or entities (each a “Fund” and collectively, the “Funds”) that primarily invest in equity and/or debt interests in real estate-related assets and real estate operating companies. Walton Street also provides advisory or sub-advisory services for certain entities. Walton Street has affiliated entities that serve as the general partner, manager or investment adviser, as applicable (each, a “General Partner” and collectively, the “General Partners”), to each respective Fund, and such affiliated entities generally are deemed registered under the Advisers Act pursuant to Walton Street’s registration in accordance with SEC guidance. This Brochure also describes the business practices of each General Partner, which together operate as a single advisory business together with Walton Street. Each Fund generally will be managed by its respective General Partner, although for certain structures, a Walton Street affiliate may provide discretionary or non-discretionary investment advice. For ease of reference, Walton Street and any General Partner to a Fund are referred to, collectively, throughout this Brochure as “Walton Street”, unless the context otherwise requires. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation” if such phrase is not already present. Walton Street is responsible for identifying investment opportunities for the Funds, as well as facilitating the acquisition, monitoring and disposition of each of the Funds’ investments. Walton Street provides investment advice to the Funds (not to Fund investors), but feeder or parallel Funds may be created for investors as described below. Walton Street seeks to tailor its advisory services to the individual needs of each Fund, in accordance with the investment objectives, strategies and limitations (if any) described in each Fund’s respective offering documents and limited partnership agreement or other governing agreement (each, a “Governing Agreement” and collectively “Governing Agreements”). A Governing Agreement includes as to any particular investor any side letter or similar agreement (collectively, “Side Letters”) that has been entered into between such investor and the applicable Fund and/or General Partner. The Funds are organized as Delaware limited partnerships, Delaware limited liability companies, Mexican trusts, Cayman Islands exempted limited partnerships, Luxembourg limited partnerships or other similar entities established under the laws of other jurisdictions. Certain Funds are organized into a structure comprised of parallel Funds, which may include entities formed for investors to invest through such parallel Funds (collectively, “Parallel Funds”). The Parallel Funds include feeder and other entities formed to facilitate certain investors’ investment into one or more of such Parallel Funds. Parallel Funds generally invest in assets side-by-side based upon capital commitments (or in the case of perpetual life vehicles, based on net asset value) and the relevant General Partner may invest through such Parallel Funds or related entities, in whole or in part, to satisfy Walton Street’s sponsor commitment to the relevant Fund. Generally Parallel Funds are established to accommodate particular compliance, legal, regulatory, tax or other needs of certain investors and may be organized in a variety of jurisdictions. Parallel Funds may contain different terms and conditions than other Parallel Funds within the same Fund structure. The term Fund or Funds includes any Parallel Funds, as applicable. In addition, Walton Street may consider the formation of Funds or other structures including but not limited to separate accounts and management agreements, which do not violate the Governing Agreements of other Funds. Certain Funds advised by Walton Street are subject to regulation in jurisdictions outside the United States, and in certain jurisdictions (including the European Union), Walton Street for regulatory reasons has retained an unaffiliated Alternative Investment Funds Manager to provide certain advisory services, to the extent required. Although this Brochure generally discusses matters that apply generally to all of Walton Street’s Funds, local regulatory requirements, market practices or contractual conditions may result in different treatment for these regulated entities. Accordingly, we encourage investors in such Funds to consult the Governing Agreements for their Fund for additional information. Sidecars and Co-Investment Opportunities Walton Street may provide certain investors the right to participate in a separate pooled investment vehicle (“Sidecar”) for the purpose of participating in certain co-investment opportunities or other joint investments with a particular Fund. Investors may make a commitment to a Sidecar, when made available, the amount of which will be determined in Walton Street’s discretion. Other terms with regard to a Sidecar are defined in the Governing Agreements of the relevant Sidecar. The Governing Agreements for certain Funds also provide terms by which the partners may be allowed to co-invest with that Fund in real estate assets. Those terms generally provide investors that have made specified minimum commitments (which vary by Fund), the General Partner, its affiliates and other investors in certain cases (“Co-Investment Partners”) with the potential right to invest alongside a Fund in an investment that, because of certain investment limitations, lack of available capital, applicable law or Fund

objectives (such as diversification requirements), limit the amount such Fund would otherwise invest in such investment as determined in good faith by Walton Street in its sole discretion. To the extent Walton Street elects to offer any opportunity to co-invest with a Fund to the partners of that Fund (including affiliates of Walton Street) rather than third parties, Walton Street must offer any such co-investment opportunity to such Co-Investment Partners pursuant to the terms of such Fund’s Governing Agreements, which generally provide such opportunities to be offered first to the Co-Investment Partners pro rata. If after giving effect to such offers, additional interests in the relevant co-investment opportunity remain available, subject to any legal, tax, regulatory, timing or similar considerations, Walton Street may offer such co- investment opportunity to the relevant General Partner, its affiliates, limited partners and any other individual or entity on terms and conditions, with the exception of fees payable thereunder, no more favorable than the terms and conditions offered to the Co-Investment Partners. The Governing Agreements of a Fund may provide different provisions relating to co-investment opportunities than those described above, including allowing the applicable General Partner to allocate co-investment opportunities to such parties as such General Partner determines in its discretion. Additionally, co- investment agreements generally contain terms customary for joint investments, including without limitation provisions related to management rights, defaults and capital calls. Walton Street is subject to conflicts of interest in exercising its discretion with regard to the determination of when to offer a co-investment opportunity to Co-Investment Partners or third parties or with regard to allocating co-investment opportunities not taken by Co-Investment Partners. From time to time, Walton Street will be presented with investment opportunities that would be suitable or appropriate not only for a Fund, but also for other Funds and other investment vehicles operated by advisory affiliates of Walton Street. In determining which investment vehicles should participate in such investment opportunities, Walton Street and its affiliates are subject to conflicts of interest among the investors in such investment vehicles. Investments by more than one client of Walton Street in an asset may also raise the risk of using assets of a client of Walton Street to support positions taken by other clients of Walton Street. Joint Investments with Third Parties Walton Street may invest assets of a Fund in other entities or pooled investment vehicles that specialize in particular real estate investments. Through these types of investments, investors may bear two layers of fees and/or incentive compensation that include fees and/or incentive compensation paid to the sponsor and/or managing entity of the vehicle and/or another participant in such vehicle. Such entities and other pooled investment vehicles are generally managed by unaffiliated third-party managers; however, typically Walton Street would also have certain management rights that may include, without limitation, approvals over major decisions. Under certain circumstances Walton Street provides certain services, which may include administrative, accounting, advisory, management, development, construction, leasing, property management and/or sales management services, to such entities or pooled investment vehicles, and/or engages in service provider relationships with such entities, their affiliates or persons associated with any of them. In certain instances passive investors other than Fund investors may be admitted to such pooled investment vehicles that are partially owned by a Fund and that specialize in particular real estate investments. See Item 5 below for a description of other services provided by Walton Street that are paid for by certain Funds. Walton Street Mexico Fund I, L.P. and its related parallel funds (collectively, “Mexico Fund I”) have entered into certain co-investment arrangements with two Mexican vehicles, one of which invests in retail properties (the “Retail Vehicle”) and the other of which invests in industrial properties (the “Industrial Vehicle”), respectively. Each vehicle has an unaffiliated third-party manager (each, a “Mexico Manager”). A Walton Street affiliate (“WSC Mexico”) provides services to those managers in connection with their management of the Retail Vehicle and the Industrial Vehicle. A Walton Street affiliate also provides certain services to a Mexico Manager with respect to a separate Mexican vehicle which invests in industrial properties (the “Additional Industrial Vehicle”). (See Item 5 below for information on fees paid to such Walton Street affiliate.) Real Estate-Related Services In addition to the foregoing activities, Walton Street has provided and may in the future provide real estate consulting, monitoring and reporting services to third parties. As part of these services, Walton Street has assisted and may assist in the evaluation of a real estate or real estate-related investment (whether debt, equity or otherwise), or monitor and report on the real property that serves as collateral for debt issued in public markets. Consultants Walton Street may use consultants in connection with the provision of certain services. Such consultants can include former employees or part-time employees or current but inactive partners of Walton Street. Consultants may be engaged on a non-exclusive basis and may pursue other real- estate opportunities without a requirement to pursue such opportunities through Walton Street. Former employees or current but inactive partners who are consultants will generally be paid by the applicable Fund(s) for their services and will be reimbursed for expenses as provided in a Fund’s governing agreements. Third-party consultants are generally an expense of a Fund.