Avanath Capital Management, LLC (“Avanath,” or “the Firm,”), a Delaware limited liability company, is a vertically integrated real estate investment manager. Avanath was founded in 2008 and is principally owned by Daryl J. Carter. The Firm has an investment focus on the affordable/workforce multifamily sector, with an emphasis on properties that were originally developed under the Low Income Housing Tax Credit program or with other related structures. Avanath is comprised of a dedicated group of industry professionals with experience in building and managing real estate enterprises. Avanath currently provides investment advisory services to eleven clients: Avanath Affordable Housing III, LLC, Avanath Affordable Housing Feeder III, LLC and Avanath Affordable Housing Parallel Fund III, LLC (collectively, “Fund III”), Avanath Affordable Housing IV, LLC, Avanath Affordable Housing Feeder IV, LLC, Avanath Affordable Housing IV-A SCSP (Luxembourg) and Avanath Affordable Housing IV-B SCSP (Luxembourg) (collectively, “Fund IV”), Avanath Affordable Housing Renaissance Fund, L.P. and Avanath Affordable Housing Renaissance Parallel Fund, L.P. (collectively, “Renaissance” and, along with Fund III and Fund IV, each a “Fund” and collectively, “the Funds”) and two co-investment vehicles formed to invest alongside of Fund III and Fund IV (the “Partnerships”). The Funds and the Partnerships are each referred to individually as a “Client,” and collectively as “the Clients.” Renaissance was formed as an open-end fund vehicle with a focus on core-plus affordable and workforce housing, while all other Funds are structured as closed-end funds. The Clients offer limited liability company or limited partnership

interests to certain qualified investors as described in response to Item 7, below. Such investors or prospective investors are referred to herein as “Investors.” The Firm provides its investment advice on the strategy and restrictions (if any) set forth in the applicable Client offering memorandum, organizational documents and subscription agreements, as the case may be. Investment advice is provided directly to the Client by the Firm or an affiliate of the Firm (e.g., the general partner or managing member) and not individually to the limited partners or members. The Firm may add to or change investment strategies over time at its sole discretion, within the parameters of the applicable Client governing documents. The Firm has in the past established, and may in the future establish, certain partnerships, such as co-investment vehicles, that are designed to invest in one or more specific investments alongside the Funds. To the extent that such co-investment opportunities arise, the Firm will generally offer such co-investment opportunities to all Investors in the applicable Fund, or in another manner as permitted by the applicable Fund offering documents, at Avanath’s sole discretion. Advisory services are tailored to achieve the Clients’ investment objectives. Avanath has the authority to select which and how many securities and other investments to buy or sell without consultation with the Investors. Avanath does not participate in wrap fee programs. Avanath managed approximately $3,832,484,339 in assets on a discretionary basis and approximately $0 in assets on a non-discretionary basis, calculated based on the gross asset value of such assets as of December 31, 2023.