The Advisers, whether themselves or through affiliates, have been in the business of real estate development and construction projects since 2017. The Advisers’ rely upon a team of management and investment advisory personal that are shared between the Advisers’ and certain related affiliates, and cross collaborate to provide investment advisory services. Beginning in 2017, the Filing Adviser arranged to manage real estate portfolio assets including certain assets that may be considered to be securities. The Advisers seek to use their collective expertise, partnerships with best-in-class operators, strong local relationships, and vertically-integrated structure to capitalize on their existing, diverse pipeline of full development projects as well as invest opportunistically in secondary and tertiary markets, defined roughly as below the top 10 largest markets. The depth of real estate expertise within the management team of the Advisers and their strong strategic relationships in the target markets are intended to produce a strong project and investment pipeline. The team’s significant experience in deal sourcing and structuring, construction, development, asset management, and optimal asset disposition creates an efficient, vertically- integrated structure that the Advisers believe are well-positioned to execute the Advisers’ investment strategies. The Advisers advise on only limited types of investments. Specifically, the Advisers advise primarily on real estate and real estate-related investments, and on short-term and cash management investments in securities or other short-term holdings intended primarily to preserve capital with respect to a portion of the portfolio. The Advisers participate in no wrap fee programs. The Filing Adviser The Filing Adviser’s principal owners are Kevin Reid, Ben Spencer, and Kurt Browning. The Filing Adviser currently manages only one investment fund, Fund I, which has invested in real estate projects through purchases of real estate assets, including real estate securities and short- term securities; no offering of Fund I’s securities is made by this Brochure. As of December 31, 2023, the approximate net asset value of Fund I is approximately $ 11,214,265. The Filing Adviser was engaged to provide its services by Fund I’s general partner, Titan Fund I GP, LLC, a Delaware limited liability company and an affiliate of the Filing Adviser (“GP I”). GP I operates under the Filing Adviser’s SEC registration as if it were registered itself, and certain disclosures in this Brochure pertain to GP I. GP I’s principal owners are Kevin Reid, Ben Spencer, and Kurt Browning. In addition, Kevin Reid, Ben Spencer, and Kurt Browning have officer roles with the Filing Adviser. The Filing Adviser is responsible for all significant aspects of the Fund I’s investment activities which have included: (i) selecting portfolio investments; (ii) structuring, negotiating, and executing Fund I’s portfolio investments, and conducting activities relating to the acquisition, development, financing, leasing, and disposition thereof; and (iii) formulating and executing exit strategies for portfolio investments. The Filing Adviser, together with GP I, which oversees its services to Fund I, has (i) the full power and authority to act for, and on behalf of, Fund I, (ii) used its resources to identify real estate projects that present attractive opportunities for investment by Fund I, (iii) made investment decisions on behalf of Fund I, and (iv) been responsible for negotiating the terms of each portfolio investment. The Filing Adviser is also responsible for the day-to-day management of Fund I’s business and affairs. For Fund I, the Filing Adviser has tailored its advice to Fund I and not to the investors in Fund I. Fund I is subject to certain investment restrictions as described in the Fund I offering documents, as amended from time to time pursuant to the Filing Adviser’s proposal and negotiation of certain additional investment restrictions. Relying Adviser I Relying Adviser I’s principal owners are Kevin Reid, Ben Spencer, and Kurt Browning. Relying Adviser I currently manages only one investment fund, Fund II, which has invested in real estate projects through purchases of real estate assets, including real estate securities and short-term securities;

no offering of Fund II’s securities is made by this Brochure. As of December 31, 2023, the approximate net asset value of Fund II is $95,000,000. Relying Adviser I was engaged to provide its services by Fund II’s general partner, Titan Fund II GP, LLC, a Delaware limited liability company and an affiliate of Relying Adviser I (“GP II”). Relying Adviser I and GP II operate under the Filing Adviser’s SEC registration as if they were registered, and certain disclosures in this Brochure pertain to Relying Adviser I and GP II. GP II’s principal owners are Kevin Reid, Ben Spencer, Kurt Browning. Kevin Reid, Ben Spencer, and Kurt Browning have officer roles with Relying Adviser I. Relying Adviser I is responsible for all significant aspects of Fund II’s investment activities which have included: (i) selecting portfolio investments; (ii) structuring, negotiating, and executing Fund II’s portfolio investments, and conducting activities relating to the acquisition, development, financing, leasing, and disposition thereof; and (iii) formulating and executing exit strategies for portfolio investments. Relying Adviser I, together with GP II, which oversees its services to Fund II, has (i) the full power and authority to act for, and on behalf of, Fund II, (ii) used its resources to identify real estate projects that present attractive opportunities for investment by Fund II, (iii) made investment decisions on behalf of Fund II, and (iv) been responsible for negotiating the terms of each portfolio investment. Relying Adviser I is also responsible for the day-to-day management of Fund II’s business and affairs. For Fund II, Relying Adviser I has tailored its advice to Fund II and not to the investors in Fund II. Fund II is subject to certain investment restrictions as described in the Fund II offering documents, as amended from time to time pursuant to Relying Adviser I’s proposal and negotiation of certain additional investment restrictions. Relying Adviser II Relying Adviser II’s principal owners are Kevin Reid, Ben Spencer, and Kurt Browning. Relying Adviser II currently manages only one investment fund, Fund III, which invests in real estate projects through purchases of real estate assets, including real estate securities and short-term securities; no offering of Fund III’s securities is made by this Brochure. As of December 31, 2022, the approximate net asset value of Fund III is 122,312,500. Relying Adviser II was engaged to provide its services by Fund III’s general partner, Titan Fund III GP, LLC, a Delaware limited liability company and an affiliate of Relying Adviser II (“GP III,” together with GP I and GP II, the “GPs”). Relying Adviser II and GP III operate under the Filing Adviser’s SEC registration as if they were registered, and certain disclosures in this Brochure pertain to Relying Adviser II and GP III. GP III’s principal owners are Kevin Reid, Ben Spencer, Kurt Browning. Kevin Reid, Ben Spencer, and Kurt Browning have officer roles with Relying Adviser II. Relying Adviser II is responsible for all significant aspects of Fund III’s investment activities which will include: (i) selecting portfolio investments; (ii) structuring, negotiating, and executing Fund II’s portfolio investments, and conducting activities relating to the acquisition, development, financing, leasing, and disposition thereof; and (iii) formulating and executing exit strategies for portfolio investments. Relying Adviser II, together with GP III, which oversees its services to Fund III, will (i) have the full power and authority to act for, and on behalf of, Fund III, (ii) use its resources to identify real estate projects that present attractive opportunities for investment by Fund III, (iii) make investment decisions on behalf of Fund III, and (iv) be responsible for negotiating the terms of each portfolio investment. Relying Adviser II is also responsible for the day-to-day management of Fund III’s business and affairs. For Fund III, Relying Adviser II tailors its advice to Fund III and not to the investors in Fund III. Fund III is subject to certain investment restrictions as described in the Fund III offering documents, as amended from time to time pursuant to Relying Adviser II’s proposal and negotiation of certain additional investment restrictions. As of December 31, 2023, the firm has $ 228,526,765 in discretionary assets under management.