A. Description of the Advisory Firm Inland Investment Advisors, LLC is an investment adviser established in June 1995 and registered with the Securities and Exchange Commission (the “SEC”) as an SEC-registered investment adviser since 2001. In this Brochure, all references to “we,” “our,” “us,” the “Advisor” and the “Firm” refer to Inland Investment Advisors, LLC (“Advisor”). As an SEC- registered investment adviser, we are subject to federal regulations as administered by the SEC under the provisions of the Investment Advisers Act of 1940, as amended (“Advisers Act”). The Advisor is owned by IMG Advisors, LLC. IMG Advisors, LLC is a wholly owned subsidiary of Investment Management Group, LLC, which is a wholly owned subsidiary of The Inland Real Estate Companies, LLC, which is a wholly owned subsidiary of The Inland Group, LLC (together with affiliated and associated businesses, “TIG”). Daniel L. Goodwin, Chief Executive Officer (CEO) and a manager of the Firm, is the controlling member of TIG. Between November 1, 2018, and March 27, 2023, the Advisor conducted its investment management business as Ensenia Wealth, LLC. The Advisor’s form of business entity was converted from a corporation to a limited liability company on March 23, 2017. Currently, one person on the staff of TIG devotes all of his time to conducting the business of the Advisor and several other persons on the staff of TIG devote a portion of their time to conducting the business of the Advisor. We consider these persons employees. B. Types of Advisory Services We focus on the management of investment portfolios primarily comprised of publicly traded securities, (our “investment management services”). Our standard services also include identifying and presenting to our clients alternative investments, primarily in securities being offered and sold in reliance upon exemption from the registration requirements under the Securities Act of 1933, as amended, including partnership and limited liability company membership interests in entities that develop, re-develop, own and/or operate commercial real estate projects and that provide competitive lending solutions to affiliates of the Firm (“Private Placements”). We evaluate the services provided to each of our clients based on their individual goals, risk tolerance levels and time horizon. We design investment portfolios comprised primarily of publicly traded securities balanced with alternative investments in Private Placements that

meet the client’s investment objectives. We attempt to customize each portfolio to meet the client’s specific investment objectives, liquidity needs and risk tolerances. We believe our managed portfolios of listed securities are suitable for clients who want real estate and energy exposure, typically illiquid asset classes, but require liquidity to meet their future cash flow or capital needs. Securities issued in Private Placements, while illiquid, may be identified to add balance to the client’s portfolio. We recommend to clients or make investments for clients in securities such as: ▪ Equity Securities: ▪ Options contracts on: o exchange listed securities o securities o securities traded over the counter o Structured Products o commodities ▪ Warrants ▪ United States Government Securities ▪ Corporate debt securities ▪ Investment Company Securities o mutual fund shares ▪ Non-publicly traded real estate investment trusts (i.e., SEC registered but not listed on a national exchange) ▪ Foreign Government Securities ▪ Non-tradable partnership, limited liability company and interests in real estate projects (alternative investments in Private Placements) ▪ Partnerships investing in real estate and energy infrastructure ▪ Municipal Securities C. Client Tailored Services and Client Imposed Restrictions We tailor the actual services provided to each specific client to reflect its individual Investment Guidelines (as discussed in Item 16 below). Investment management services clients will choose to have a discretionary agreement or non-discretionary agreement in place. A discretionary agreement gives us full discretionary authority to invest and reinvest assets of the account, subject to Investment Guidelines. Discretionary clients of the Advisor could impose restrictions on investing in certain types of investments by providing written notice to the Advisor. In a non-discretionary agreement, the Advisor must receive the consent of the client before any transactions are made. A client could elect to give us full discretion over their portfolio of tradable securities while retaining consent and approval rights over alternative investments. As a matter of policy, we do not accept discretionary authority of Private Placements. D. Wrap Fee Programs We do not participate in any wrap fee programs. E. Amounts Under Management We have the following assets under management: Date Calculated: Discretionary Amounts: Non-Discretionary Amounts: December 31, 2022 $151,036,768 $97,961,634