Marcus Partners LLC, a Massachusetts corporation (“we,” “us” or the “Firm”), is a privately owned real estate, and real estate related investment, development and investment management company, headquartered in Boston, Massachusetts that has been a registered investment adviser since March 28, 2012 (SEC Registration Number 801-74632). The Firm provides investment management services to pooled investment vehicles that invest in real estate and real estate related assets. The Firm does not provide investment advisory services to clients apart from its management of private real estate capital limited partnerships and parallel investment vehicles sponsored by the Firm (individually, a “Fund” and together, the “Funds”). Unless otherwise defined herein, capitalized terms used in this Brochure will have meanings ascribed to such terms in the applicable Fund’s governing documents. The Firm was founded in March of 2008 by Paul R. Marcus, the sole shareholder, President and CEO of the Firm. The Firm, on behalf of Paul Marcus, co-advises certain partnerships and joint ventures with a third party registered investment adviser, The Davis Companies, controlled by his former partner, that are fully invested in real estate and real estate related assets. The Firm also provides asset management services to those other ventures. On March 31, 2023, five Principals completed the first buy-in of three anticipated buy-ins to the Firm to acquire a portion of the firm as part of the long-term succession planning framework which also included converting Marcus Partners, Inc. to Marcus Partners, LLC. The Firm currently provides investment management services to three closed end commingled real estate funds: (i) Marcus Capital Partners Fund II, L.P. ("Fund II"); (ii) Marcus Capital Partners Fund III, L.P. (“Fund III”); and (iii) Marcus Capital Partners Fund

IV, L.P. (“Fund IV”). The Firm’s primary responsibility is to identify, review and select investment opportunities that it believes will achieve the investment objectives of the applicable Fund. The Firm also provides administrative services to the Funds. The Firm previously provided investment management services to Marcus Capital Partners Fund I, L.P, which Fund made its final liquidating distribution and was dissolved effective December 31, 2019. The investment period for Fund II ended on January 2, 2020. Fund III had its final closing on January 27, 2021 and is authorized to make investments through October 1, 2024. Fund IV had its final closing on July 5, 2022 and is authorized to make investments through October 1, 2026. The Firm has complete discretion over the investment of the Funds’ capital commitments and reinvestment of capital and profits subject to certain investment restrictions on the general partner of the Funds. Although the Firm may invest Fund capital anywhere in the United States, the Firm’s focus is to invest in major metropolitan markets on the East Coast. The current investment focus of the Firm is to acquire a diversified portfolio of value added and opportunistic real estate and real estate related investments, emphasizing residential, warehouse/distribution, industrial, office, medical office, life science, research and development, and mixed-use properties. Leverage is employed in accordance with leverage restrictions in the applicable Fund’s partnership agreement. Investment in real estate and real estate related investments has inherent risks. Please refer to Item 8 below, for a summary of the risks associated with an investment in real estate and real estate related investments. As of December 31, 2023, the Firm managed a total of $1,592,240,629 of discretionary capital on behalf of the Funds.