GCP Investment Advisor, LLC (“GCP,” the “Firm,” “we” or “us”) provides investment advisory and investment management services only to real estate private equity funds. GCP currently provides investment advisory and/or management services to (i) Green Courte Real Estate Partners III, LLC, GCP Fund III REIT, LLC and GCP Fund III Non- REIT, LLC (collectively, “Fund III”); (ii) TPS Co-Investment, LLC and TPS Co-Investment Corporation (collectively, “TPS Co-Investment Fund”); (iii) Green Courte Real Estate Partners IV, LLC, GCP Fund IV REIT, LLC and GCP Fund IV Non-REIT, LLC (collectively, “Fund IV”); and (iv) Green Courte Real Estate Partners V, LLC, GCP Fund V REIT, LLC and GCP V Feeder C, LP (collectively, “Fund V,” and, together with Fund III, the TPS Co- Investment Fund, Fund IV, and any future Sponsor (defined below) affiliated funds, the “Funds”). The Funds are real estate private equity funds that seek to achieve equity returns by making investments in real estate assets and real estate debt and equity securities in negotiated transactions. The only client for which GCP currently engages in making new investments in real estate assets or real estate debt or equity securities is Fund V. With respect to the other Funds or entities described above, GCP engages in activities relating to the ownership, management, operation, maintenance, sale or other disposition of real estate assets and securities. GCP previously provided investment management and advisory services to Green Courte Real Estate Partners I, LLC, which was liquidated in December 2022, and Green Courte Real Estate Partners II, LLC, GCP Fund II REIT, LLC and GCP Fund II Non-REIT, LLC, which were liquidated in 2021. In addition to the Funds or entities described above, GCP can from time to time in the future provide investment advisory or investment management services to other persons or entities, including members or limited partners of the Funds or third parties or vehicles owned by them that co-invest with the Funds in particular entities or projects. We are wholly owned by Green Courte Partners, LLC (“Sponsor”), which also sponsors and manages the Funds (through Sponsor controlled subsidiaries). The Sponsor was organized by Randall K. Rowe in July 2002 to sponsor real estate private equity funds that are focused on investments in niche real estate. The Sponsor seeks to optimize its real estate investments by combining small-cap, difficult-to-aggregate real estate investments with talented and aligned management teams. Targeting an entity-level exit for the Funds

via an initial public offering (IPO), combination or portfolio sale, the Sponsor aims to generate attractive, risk-adjusted returns for its investment partners over a long-term investment horizon. Important Notice This Brochure is provided to prospective investors in a Fund, together with the Fund’s private placement memorandum (“PPM”), organizational documents and other related documents (“Governing Documents”), in connection with an investor’s consideration of an investment in the Fund. While this Brochure includes certain information about the Funds, it does not represent a complete discussion of the features, risks or conflicts associated with each Fund. More complete information about a Fund is included in its PPM and other Governing Documents. In no event should this Brochure be considered an offer of interests in any Fund or relied upon in determining whether to invest in a Fund. It is also not an offer of, or agreement to provide, advisory services directly to any Investor. Rather, this Brochure is designed only to provide information about the Firm to comply with regulatory requirements under the Investment Advisers Act of 1940. Information in this Brochure can differ from the information provided in the PPM or Governing Documents. If there is any conflict between the information in this Brochure and similar information in a Fund’s PPM or Governing Documents, investors should rely on the information in the PPM or Governing Documents with respect to their investment in the Fund. GCP focuses on private equity investments in real estate, including land-lease communities, near-airport parking, senior housing and industrial outdoor storage. GCP tailors its advisory services to the specific investment objectives and restrictions of each GCP Fund pursuant to the applicable guidelines and restrictions set forth in the relevant Governing Documents pertaining to such GCP Fund. Investors and prospective investors in each GCP Fund should refer to the Governing Documents of the applicable GCP Fund for complete information on the general investment objectives, investment restrictions and material risks associated with such GCP Fund. GCP manages all assets on a discretionary basis in accordance with the terms and conditions of each GCP Fund’s Governing Documents. As of December 31, 2023, the Sponsor’s sponsored portfolios own real estate and securities with an aggregate gross asset value of approximately $3.6 billion, which comprises the Sponsor’s Regulatory Assets Under Management.