Description of Firm JVM Capital, L.L.C. ("JCap"), based in Oak Brook, Illinois, provides investment advisory services on a discretionary basis to real estate pooled investment vehicles (the "Funds") sponsored by JVM Realty Corporation ("JVM"). JVM is a company owned and controlled by James V. Madary II in 2013; Mr. Madary also owns JCap. JVM has been in business since 1975 and is a privately held real estate investment and property management company with approximately 140 employees and a portfolio of over 5700 apartment units under management in Illinois, Indiana, Oklahoma, Ohio, Kansas and Missouri. JVM Securities, LLC ("JSec") is an affiliate of JVM and is also beneficially owned by Mr. Madary (through an intermediate affiliate and a trust of which he is trustee). JSec is a broker-dealer registered with the SEC, member FINRA. JSec assists in effecting the sale of Fund interests to investors, and for the recent Funds that permit general advertising and marketing pursuant to Rule 506(c) of Regulation D, under the Securities Act of 1933, JVM assists in marketing interests in the Funds to investors. As used in this Brochure, the term "investor" also refers to prospective investors. The Funds are offered to "accredited investors," as defined in Regulation D. The Limited Liability Company Agreement, Private Placement Memoranda, Subscription Agreement, and related organizational or offering documents for each Fund (collectively, the "Offering Documents") disclose important information regarding each Fund, including information regarding the Fund's objectives, risks, fees, expenses, and the conflicts of interest and compensation arrangements involving JCap and its affiliates. Investors are urged to review the Offering Documents to understand this important information. Description of Advisory Business JVM specializes in the acquisition and management of apartment communities located

throughout the Midwestern United States. Typical properties consist of 200 to 600 apartment homes located in suburban areas with convenient access to transportation and major retail. Investment types range from Value-Add projects to Class A acquisitions. JVM and its affiliates form investment groups to purchase these properties, manage the communities they own, and also manage communities for outside property owners, as well. Although the structure of the Fund offerings has changed in certain details, they share many common features. Currently, for example, a special purpose vehicle "Manager" serves as manager of both JVM Realty Apartment Fund 7, LLC ("Fund 7"), and JVM Multi‐Family Premier Fund III, LLC ("Fund III"). The Offering Documents for Fund 7 and Fund III provide that if these Funds (and other JVM Funds) co-invest in the same properties, it will be on a pro rata basis, based on the funds provided. The Manager (which is controlled by Mr. Madary) also manages other Funds. The Funds typically invest in a number of different properties, and their investments are made through "special purpose vehicle" limited partnerships or limited liability companies (the "property ownership SPVs") that hold title to the underlying real estate. Among its responsibilities, as investment adviser to the Funds, JCap advises the Managers on Fund purchase or sale of securities, such as the purchases of the interests of the property ownership SPVs, for example. The investment properties are managed by JVM and its property management affiliates. It's important that investors understand that they will own an interest in one of the Funds, not a direct ownership interest in real estate. Over time, their Fund should acquire interests in a variety of property ownership SPVs. As of December 31, 2022, JCap managed a total of $ 1,301,500,000 of regulatory assets under management.