4.A. Advisory Firm Description BOAM RIA LLC (“BOAM” or the “Adviser”) was founded as a Delaware limited liability company in September of 2022. BOAM is headquartered in Omaha, Nebraska. The principal owner of BOAM is BOAM B LLC, a Delaware limited liability company. BOAM B LLC is owned by Boston Omaha Asset Management, LLC, a subsidiary of Boston Omaha Corporation. Boston Omaha Corporation is a public reporting company. BOAM’s affiliate, 24th Street Asset Management, LLC, is a relying adviser and together with BOAM will operate as a single advisory business as described herein. 4.B. Types of Advisory Services BOAM and the relying adviser currently provide investment advisory services on a discretionary basis to two commercial real estate funds (the “24th Street Funds”), two single asset commercial real estate funds (“BORE Hirsch” and “BORE Fourth Street”), and a residential real estate fund (the “Build for Rent Fund” or “BFR Fund”). The 24th Street Funds, the BFR Fund, BORE Hirsch, and BORE Fourth Street will each be referred to herein as a “Fund” and together the “Funds”. The 24th Street Funds invest in real estate assets, including commercial loans on real estate assets. The BFR Fund invests in and operates real estate and real estate related assets primarily related to investor and non-owner occupied, residential real estate, including the “build for rent” single- family residential market. BORE Hirsch and BORE Fourth Street were each formed for the purpose of acquiring, holding, and managing all right and title and interest in and to a commercial retail property in Las Vegas, Nevada. Each of the Funds may acquire, own, and manage other real property, and invest in cash equivalents (e.g., short term U.S. treasuries or open-ended funds that invest in short term U.S. treasuries). In addition to acquiring fee interests in property assets,

the Funds may acquire interests in joint ventures with other parties that invest in such assets, and make loans and invest in loans related to such assets. Only qualified Investors may invest in the Funds. 4.C. Client Investment Objectives/Restrictions BOAM intends to manage each Fund in accordance with the investment objectives set forth in the Fund’s offering documents. Management decisions will not be tailored to the individualized needs of any particular investor in the Funds (each an “Investor” and collectively the “Investors”). Therefore, prior to investing, Investors should consider whether the Funds managed by BOAM meet their investment objectives and risk tolerance. Information about the Funds can be found in Fund offering documents, copies of which will be available to qualified current and prospective Investors only through BOAM or another authorized party. Any investment restrictions applicable to the Funds are customarily imposed in the offering documents for the Funds, as agreed upon with Investors. BOAM may enter into agreements, commonly known as side letters, with certain Investors pursuant to which BOAM alters or supplements the application of certain investment terms applicable to such Investors without obtaining the consent of the other Investors in the Funds. Such alterations or supplements may provide benefits to those Investors, which are not received by other Investors in the Funds, including but not limited to a reduction in fees paid to BOAM. 4.D. Wrap-Fee Programs BOAM does not participate in, nor is it a sponsor of, any wrap fee programs. 4.E. Assets Under Management BOAM has $127,060,047 in assets under management. Note that this amount is based on the amounts calculated for each of the Funds as of the most recent year end, December 31, 2023.