A. Advisory Firm CrowdStreet Advisors, LLC (“CrowdStreet Advisors” or the “Firm”), a Delaware limited liability company, is an investment advisor registered with the U.S. Securities and Exchange Commission (the “SEC”). CrowdStreet Advisors is an investment advisory business and has been in business since 2018. The Firm is a wholly owned subsidiary of CrowdStreet, Inc., a Delaware corporation (“CrowdStreet”, “our” or “us”).
CrowdStreet launched in 2013 to make it easier for individual investors to participate in private commercial real estate investments through its online platform at www.crowdstreet.com (the “Marketplace”). Through the Marketplace, CrowdStreet provides users with an array of services and content, including educational materials, financial tools, investment information, investment opportunities, and facilitates investment transactions, performance monitoring, and other functions and services. Brokerage services are provided in connection with the placement of certain securities by CrowdStreet Capital, LLC, (“CrowdStreet Capital”) a registered broker-dealer and member of FINRA and SIPC, and wholly owned subsidiary of CrowdStreet.
CrowdStreet Advisors takes advantage of the substantial network of commercial real estate sponsors developed by CrowdStreet, leveraging CrowdStreet’s experienced team of investment professionals and its extensive proprietary data, providing it with the advantage of real-time insights into underlying and unrecognized market trends. CrowdStreet Advisors offers multi-asset funds and separately managed investment accounts for accredited investors and qualified purchasers who prefer to have their commercial real estate portfolio professionally managed. As of March 31, 2024, the Firm manages and advises 30 real estate investment funds (“Funds”), including: ● CrowdStreet Blended Portfolio I LLC, Series I ● CrowdStreet Blended Portfolio I LLC, Series II ● CrowdStreet Blended Portfolio I LLC, Series III ● CrowdStreet Blended Portfolio I LLC, Series IV ● CrowdStreet Blended Portfolio I LLC, Series V ● CrowdStreet Blended Portfolio I LLC, Series VI ● CrowdStreet Blended Portfolio I LLC, Series VII ● CrowdStreet Build-to-Rent and Multifamily Fund I, LLC- Series I ● CrowdStreet Build-to-Rent and Multifamily Fund I, LLC- Series I-B ● CrowdStreet Build-to-Rent and Multifamily Fund I, LLC, Series II ● CrowdStreet Build-to-Rent and Multifamily Fund I, LLC- Series II-B ● CrowdStreet Build-to-Rent and Multifamily Fund I, LLC, Series III ● CrowdStreet E-Commerce Property Fund I, LLC, Series I ● CrowdStreet General Partner Growth Fund I, LLC - Series I ● CrowdStreet General Partner Growth Fund I, LLC - Series I-B ● CrowdStreet Industrial Development Fund I, LLC, Series I ● CrowdStreet Life Sciences & Healthcare Fund I, LLC, Series I ● CrowdStreet Opportunistic Fund I, LLC, Series I ● CrowdStreet Opportunistic Fund I, LLC, Series II ● CrowdStreet Opportunistic Fund I, LLC, Series II-B ● CrowdStreet Opportunistic Fund I, LLC, Series III ● CrowdStreet Opportunistic Fund I, LLC, Series III-B ● CrowdStreet Opportunistic Fund I, LLC, Series IV ●

CrowdStreet Opportunity Zone Portfolio, LLC ● CrowdStreet Opportunity Zone Fund II, LLC ● CrowdStreet Opportunity Zone Fund III, LLC ● CrowdStreet Opportunity Zone Fund IV, LLC ● CrowdStreet REIT I, Inc.
CrowdStreet Advisors - March 20244 ● CrowdStreet Special Situations Fund I, LLC, Series I ● CrowdStreet Sunbelt Growth Fund I, LLC B. Types of Services CrowdStreet Advisors serves as an investment adviser to individuals and entities who are accredited investors (including through their IRAs) through its Privately Managed Accounts services (each, a “PMA Client”) and Funds (collectively referred to as the “Client” or the “Clients”). The Firm advises Clients with respect to commercial real estate investment strategies, and may advise on short term debt instruments, such as money market accounts.
C. Tailored Advisory Services i. Funds Pursuant to agreements with each of the Funds, the Firm makes investment decisions, provides portfolio management, administrative and reporting services, and manages the day-to-day business of the Funds. Each Fund has a set of guidelines which are set forth in the governing documents of the applicable Fund. The Firm’s investment decisions are based on each Fund’s guidelines and investment decisions are made on behalf of the Funds by the Firm’s Investment Committee.
ii. Privately Managed Accounts Pursuant to the Privately Managed Account Advisory Services Agreement (the “Advisory Agreement”),CrowdStreet Advisors provides investment advisory services to PMA Clients based on their financial situation and investment objectives as stated in their Investment Policy Statement (the “IPS”). These investment advisory services include portfolio recommendations (both on and off the Marketplace) based on client information collected in interviews and via the Firm’s investor questionnaire(s). The PMA Client’s IPS outlines the investment strategy, limits, and directives agreed to by the PMA Client and the Firm’s Investment Advisor Representatives (the “IAR’s”). Over time, CrowdStreet Advisors may make ongoing portfolio and investment recommendations that may change based on material changes in the PMA Client’s investor profile, insofar as the PMA Client affirmatively communicates these changes to the Firm.
The Firm provides services to PMA Clients on either a discretionary or non-discretionary basis, however the Firm generally manages client accounts on a discretionary basis. With discretionary accounts, to the extent permitted by law or applicable regulations, CrowdStreet Advisors places investments on behalf of the PMA Clients under a limited power of attorney, in accordance with their IPS. Non-discretionary PMA Clients must authorize individual investments before they can be executed.
D. Wrap Fee Programs CrowdStreet Advisors does not participate in wrap fee programs.
E. Asset Under Management As of close of U.S. markets on 12/31/2023, CrowdStreet Advisors managed approximately $495,934,069 on a discretionary basis and approximately $12,640,357 on a non-discretionary basis.