Our Firm Profile Mack Real Estate Credit Strategies, L.P. (“MRECS”), a Delaware limited partnership, is a privately owned federally registered investment adviser formed in 2014. MRECS is under common control with MREG Fund Management LLC (“MFM”), a relying adviser of MRECS formed in 2014, and Claros REIT Management LP (“CRM”), which was formed in 2015 and was a relying adviser of MRECS prior to August 3, 2020, at which time it filed for its own registration as an investment adviser with the SEC. MRECS, MFM, and CRM share the same principal office and place of business. The principal owners of MRECS are MRECS Holdings LLC and Richard Mack. The principal owners of MFM are MREG Management LLC, Richard Mack, and Solon Mack Partners LLC (which is controlled by Stephen Mack and Robert Feidelson). This Brochure primarily concerns MRECS and MFM, to which we refer in this Brochure individually as an “Adviser” and collectively as the “Advisers.” Terms such as “we,” “our” and “us” generally refer to the advisory business as a whole and therefore such terms are intended to address the Advisers and CRM collectively. As used herein, any references to “or” shall mean “and/or” and any references to “including” shall mean “including but not limited to.” Pursuant to a services agreement, certain personnel of MRECS allocate a portion of their business time and attention to CRM. We recommend that you refer to the Form ADV Part 2A brochure for CRM (the “CRM Brochure”) for additional information about the advisory services provided by CRM. Our Advisory Services The Advisers provide a range of investment advisory activities related to investments in real estate and real estate-related securities. Generally, MRECS provides advice with respect to a broad strategy of investing in commercial real estate credit through loan originations, preferred equity investments, recapitalizations, loan acquisitions, public real estate securities, and other potential investments, in each case as MRECS deems appropriate depending on market conditions and client investment guidelines or other parameters. MFM provides advice primarily with respect to controlling equity investments in real estate, including land, development projects, and operating assets, in which Mack Real Estate Group, LLC (“MREG” or the “Firm”) or a commonly controlled affiliate typically serves as the general partner or in a similar capacity. Real estate investments are generally made through partnerships, joint ventures, and other similar structures with third parties. However, each Adviser may provide advice with respect to other types of investments. At present, the Advisers provide advice to certain private funds (including related co-invest vehicles) and, to a limited extent, separately managed accounts (collectively, the “Clients”).1 The Advisers are affiliated with entities that serve as the general partners and/or managing

members to the Clients (each, a “General Partner” and collectively, the “General Partners”), and the Clients are typically controlled by their respective General Partners. Each General Partner is subject to the Investment Advisers Act of 1940, as amended (the “Advisers Act”), pursuant to the Advisers’ registration in accordance with SEC guidance. In 1 “Client” means any private fund or similar pooled investment vehicle for which the Advisers provide investment advice and/or make investment recommendations on a discretionary or non-discretionary basis. The investors and other persons who invest in the Clients are generally referred to herein as “investors” or “limited partners.” Unless otherwise expressly stated herein, the term “Client” does not refer to “investors” or “limited partners.” MRECS Form ADV Part 2A. Page 5 of 41 the future, we intend to advise other funds and one or more of the Advisers may provide services to other commingled investment vehicles, separately managed accounts, or other investment vehicles on bespoke investment strategies. The information provided above about our investment advisory services is qualified in its entirety by reference to the applicable Governing Documents (as defined below). Customization of Our Advisory Services Our advisory services are generally tailored to meet the specific investment objectives and requirements of each Client as set forth in the governing documents establishing our relationship with such Client. These documents may include an investment advisory agreement, a management agreement, a private placement memorandum, and/or other formation documents, as amended from time to time (collectively, the “Governing Documents”). The Governing Documents of each Client typically define a strategy and often impose certain investment restrictions such as the type and geographic location of investments, size, maximum leverage, and the percentage of the Client’s assets that can be invested in a single asset. Any such restrictions apply to the relevant Client as a whole. We do not provide investment advice to underlying investors in our Clients based on their individual needs. However, at times we enter into side letter agreements with certain investors, without the approval of any other investor, which expand or otherwise modify such investors’ rights or obligations concerning a particular Client subject to the Client’s Governing Documents and applicable law. As an example, certain side letters provide the relevant investors with insight into our investment process that is not provided to other investors. Wrap Fee Program Participation We do not provide services under any wrap fee program. Assets Under Management As of December 31, 2023, MRECS and MFM managed approximately $1,492,595,705 of Client regulatory assets under management (“RAUM”) on a discretionary basis and approximately $851,725 of Client RAUM on a non-discretionary basis. Please note that this figure is an unaudited estimate.