V3 Capital Management, L.P., a Delaware limited partnership (“V3CM”) was founded by Charles P. Fitzgerald in 2011 and has its principal place of business in White Plains, NY. Mr. Fitzgerald is a limited partner of V3CM. Mr. Fitzgerald is the managing member of the general partner of V3CM and is the principal owner of V3CM and controls V3CM. V3CM serves as investment manager to and provides investment management services to the following private pooled investment vehicles based upon specific investment objectives and strategies: (i) V3 Realty Partners, L.P., a Delaware limited partnership (the "Domestic Fund"), (ii) V3 Realty Partners (a), L.P., a Delaware limited partnership (the "Domestic (a) Fund"), (iii) Tigris Realty Partners, L.P. (the “Tigris Fund”), (iv) V3 Realty Partners Offshore Fund, Ltd., a Cayman Islands exempted company, (the "Offshore Fund") and (v) V3 Trading Vehicle, L.P., a Cayman Islands exempted limited partnership (the “Trading Fund”). The Offshore Fund invests substantially all of its assets in the Trading Fund. The Domestic Fund and the Trading Fund generally participate in investments on a side-by-side basis. Collectively, the Domestic Fund, the Domestic (a) Fund, the Tigris Fund, the Offshore Fund, and the Trading Fund are herein referred to as the “Funds.” V3 Capital Advisors, LLC, a Delaware limited liability company serves as general partner to the Domestic Fund and the Trading Fund (the “General Partner”). V3 Capital Advisors (a), LLC, a Delaware limited liability company serves as general partner to the Domestic (a) Fund and the Tigris Fund (the “(a) Fund General Partner”). As used herein, the term "client" generally refers to each Fund. This Brochure generally includes information about V3CM and its relationships with its clients and affiliates. While much of this Brochure applies to all such clients and affiliates, certain information included herein applies to specific clients or affiliates only. This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The securities of the Funds are offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933, as amended (the ”Securities Act”), and other exemptions of similar import under U.S. state laws and the laws of other jurisdictions where any offering may be made. Investors in the Funds generally must be both "accredited investors," as defined in Regulation D of the Securities

Act, and "qualified purchasers," as defined in the Investment Company Act of 1940, as amended (the “40 Act”). Persons reviewing this Brochure should not construe this as an offer to sell or solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum. Each Fund's primary objective is to generate attractive total returns, principally by investing in publicly-traded real estate securities. Investments are made predominately in securities issued by real estate investment trusts ("REITs") as well as in other real estate companies and real estate-rich issuers which are not primarily engaged in real estate activities. The Funds do not invest in real estate directly. Each Fund may invest in securities of real estate companies domiciled outside the United States (which may be, but are not required to be, structured as real estate operating companies ("REOCs") and REITs). Given the greater difficulty in obtaining an investment "edge" overseas, generally higher transaction costs, less liquid markets, and greater issues in borrowing stock for short sales, the expected rate of return for non-U.S. investments is generally higher than for U.S. investments. The descriptions set forth in this Brochure of specific advisory services that V3CM offers to clients, as well as investment strategies pursued and investments made by V3CM on behalf of its clients, should not be understood to limit in any way V3CM's investment activities. V3CM may offer any advisory services, engage in any investment strategy, and make any investment, including any not described in this Brochure, that V3CM considers appropriate, subject to each client's investment objectives and guidelines. The investment strategies V3CM pursues are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. V3CM's investment decisions and advice with respect to each Fund are subject to each Fund's investment objectives and guidelines, as set forth in its offering documents. V3CM does not tailor advisory services to the individual needs of clients or investors. As of December 31, 2023, V3CM managed approximately $481,834,000 in net assets on a discretionary basis on behalf of the Funds. V3CM does not manage any assets on a non-discretionary basis.