A. Description of Firm and Principal Owner Davis Investment Ventures, LLC (“DIV”), a Delaware limited liability company, was established in March 2012 to manage private, closed-end, commingled real estate investment funds. DIV is a registered investment adviser. Prior to forming DIV, Jonathan G. Davis founded The Davis Companies (“Davis”) in 1976. Davis has a history of more than 45 years of investing in, managing and developing commercial real estate in the United States for its own account and on behalf of high net worth and institutional investors. DIV and Davis Management Company, LLC (“DMC”), DIV’s affiliated management company, are principally owned by an estate planning vehicle of Jonathan G. Davis and his family. DIV is managed by a 10-person senior executive team with an average of 30 years of real estate experience. Additional information relating to DIV’s management team can be found on Schedules A and B of the Form ADV Part 1. DIV’s headquarters is located at 125 High Street #2111, Boston, MA 02110. DIV’s investment management-related activities and compliance program administration are primarily handled within this office. DIV also maintains an office location at 55 Fifth Avenue, New York, NY 10003. B. Types of Advisory Services Offered DIV provides investment management services to one or more commingled private real estate investment funds and related co-investment entities (collectively, the “Funds” or “Advisory Clients”) sponsored by affiliates of DIV that serve as general partners of the Funds (collectively, the “General Partners”). All references to DIV in this brochure are intended to include the General Partners except where specifically noted otherwise. For more information on the Funds, see Item 7 below. The Advisory Clients invest in debt and equity investments in real estate and real estate-related assets in the United States, including underperforming real estate assets, recapitalizations of assets or existing partnerships or entities, investing in or acquiring companies that are primarily engaged in investing in and/or operating real estate assets, performing, troubled and non-performing loans, strategic development, redevelopment and repositioning opportunities, and marketable commercial mortgage-backed securities, in accordance with the strategies set forth in each Advisory Client’s applicable offering documents and/or governing documents and agreements (collectively, the “Governing Documents”). The investment objective of each Fund is to generate investment returns primarily through opportunistic and value add investing in a diversified portfolio of U.S. private real estate debt and equity investments, with a limited portion potentially invested in marketable real estate securities such as equity securities of real estate investment trusts (REITs) and commercial mortgage-backed securities. In connection with structuring the Funds’ investments, DIV has formed, and from time-to time will form as deemed appropriate, certain limited partnerships, co-investment vehicles, limited liability companies and corporations (commonly referred to in the industry as “blockers,” “special purpose vehicles,” and/or “alternative investment vehicles”), for tax-efficiency, regulatory and/or other purposes. All references to the “Funds” or “Advisory Clients” in this Brochure are intended to include references

to such related investment vehicles. DIV provides discretionary investment advisory services to manage and direct the investment and reinvestment of real estate-related assets for its Advisory Clients. Outside of providing investment management services to its Advisory Client, DIV offers no other investment advisory services. DIV does not perform any type of financial planning, quantitative analysis, tax planning or market timing services. C. Tailoring Advisory Services to Individual Needs DIV provides investment advice to the Funds and, as such, tailors its advisory services to comply with the investment objectives, guidelines and restrictions set forth in each Fund’s Governing Documents. DIV neither tailors its advisory services to the individual needs of each Fund investor, nor accepts investor- imposed investment restrictions. In the case of single investor Advisory Clients, DIV may agree to investor- imposed investment restrictions that are approved by the Chief Executive Officer and President of DIV and reviewed and approved by DIV’s Chief Compliance Officer from a compliance perspective. Certain side letter agreements have been (and DIV anticipates in the future will be) entered into with certain large and/or strategic investors in DIV’s multi-investor Funds. Such arrangements may have the effect of establishing additional rights or altering or supplementing the terms of the governing documents of the applicable Fund with respect to one or more such investors in a manner more favorable to such investors than those applicable to other Fund investors. These additional rights include reporting rights, advisory board participation rights, co-investment rights, liquidation rights, fee transferability rights, and/or other rights permitted as disclosed in the applicable Fund’s governing documents and in accordance with applicable law. The Funds have the flexibility to enter into additional agreements granting other rights with certain large and/or strategic investors in connection with their admission to a Fund without the approval of any other Fund investor. Co-investment opportunities have been (and DIV anticipates in the future will be) made available to Fund and non-Fund investors and are subject to certain investment thresholds. If such investors do not wish to take advantage of the offered co-investment opportunity, DIV will typically approach other investors not meeting the investment threshold or other appropriate third parties. D. Wrap Fee Program DIV does not offer or participate in wrap fee programs for its Advisory Clients. E. Assets Under Management As of December 31, 2023, DIV managed approximately $2,262,460,845 of Regulatory Assets Under Management on a discretionary basis. It should be noted that for the purposes of calculating Regulatory Assets Under Management and consistent with SEC guidance, DIV included all funded capital contributions (to the extent not returned to investors) and unfunded capital commitments of the Funds managed by DIV. Affiliates of Davis have previously invested or may invest (subject to the terms of each Fund’s Governing Documents) in certain single asset investments outside of the Funds. As single asset investments, these investments are not considered securities and, as such, are not included as Advisory Clients for the purposes of Davis’ Form ADV.