TriGate Capital, LLC (“TriGate”) is a real estate investment firm founded in 2007 with the objective of creating a company providing professional real estate investment advice in a variety of business cycles. TriGate was formed by John A. (Jay) Henry IV, Jonathan S. (Jon) Pettee and Jeffrey S. (Jeff) Yarckin (collectively the “Managing Members”), three seasoned real estate executives who, prior to the formation of TriGate, were senior leaders of financial institutions and real estate investment funds. Each of the Managing Members have over 30 years of real estate investment and operating experience, and they collectively have a personal and business relationship that dates back many years. TriGate is organized as a Delaware LLC with five equity members. Jay Henry (representing ownership of a controlling interest through John A Henry & Co, Ltd and JPH Investments LLC ), Jon Pettee (through the Carol S. Pettee GST Massachusetts Marital Trust) and Jeff Yarckin are Managing Members. California State Teachers’ Retirement System is a passive, minority interest member. TriGate is functionally separated into two distinct lines of business, capital management and capital investment. TriGate Management, LLC (“Management”) is a wholly-owned subsidiary of TriGate Capital, LLC and employs the staff that manages all TriGate-branded investment vehicles. TriGate Capital, LLC holds and deploys investment capital on behalf of company ownership. TriGate typically invests its own capital along-side investor capital into investment funds formed as limited partnerships. It does so through formation of a majority-owned subsidiary that is the General Partner (“GP”) of the investment fund. Certain employees, affiliates of Trigate and selected external unrelated parties of TriGate also invest in the GP. As of December 31, 2022, TriGate is investing capital committed to TriGate Property Partners IV, L.P. and its parallel vehicle TriGate Property Partners IV- Parallel, L.P. (collectively “Fund IV”), and also manages TriGate Property

Partners II, L.P. (“Fund II”), TriGate Property Partners III, LP (“Fund III”), TriGate/CalSTRS Partnership, L.P. (“TriGate CalSTRS”), TriGate CalSTRS Evergreen Co-Invest LP (Evergreen) and TriGate III/CalSTRS Co-Invest LP (“Co-Invest”). TriGate has a minority interest in Fund II, Fund III, Fund IV and TriGate CalSTRS and an insignificant nominal investment in Co-Invest and Evergreen. Management serves as the GP managing day to day operations of these entities. Fund II, Fund III and Fund IV (collectively “Funds II, III & IV”), TriGate CalSTRS, Co-Invest, Evergreen and other future multi-investor funds are individually and collectively referred to herein as the “Fund” or “Funds”. References to “TriGate” are to be interpreted to collectively include both TriGate Capital, LLC as an investor and TriGate Management, LLC as the Manager unless otherwise specified. In Fund IV, TriGate seeks to invest in property, real estate loans, real estate joint ventures and real estate-backed securities with a particular focus on so-called “middle market” opportunities that require equity investments generally between $5 million and $50 million. Fund IV targets investments that (i) offer opportunities to capitalize on distress and other opportunities in today’s real estate market, and (ii) have similar characteristics to investments that the Managing Members have executed historically, primarily in commercial real estate. In conjunction with Fund IV, TriGate organized a co-investment vehicle, Evergreen. Evergreen was formed to invest in specific transactions outside of Fund IV where appropriate based on TriGate’s objective evaluation of the investment characteristics. This vehicle has been dormant since its formation. As of December 31, 2022 TriGate’s regulatory assets under management totaled $1,270,565,505. Of this amount, $999,923,257 is managed on a discretionary basis in Funds II, III, IV & IV-Parallel and $270,642248 is managed on a non-discretionary basis in TriGate CalSTRS, Co-Invest and Evergreen.