A. Hunt Investment Management, founded in 2008, is an investment advisory services firm specializing in investment management for private equity, real assets, and real estate funds (“Private Funds”) and separately managed accounts (“Managed Accounts”) (together, our “Clients”). The principal owners of Hunt Investment Management are Woody L. Hunt and WGH Dynasty Trust, via their direct and indirect ownership of the following entities:  Woody L. Hunt owns 14.73%, and WGH Dynasty Trust owns 58.92%, of Hunt Companies, Inc., a corporation organized and existing under the laws of the State of Delaware (“HCI”);  HCI owns 100% of Hunt Company, LLC, a limited liability company organized and existing under the laws of the State of Nevada (“Hunt Co.”);  Hunt Co. owns 100% of Hunt FS Holdings, LLC, a limited liability company organized and existing under the laws of the State of Delaware (“HFSH”);  HFSH owns 100% of Hunt Capital Holdings, LLC, a limited liability company organized and existing under the laws of the State of Delaware (“HCH”);  HCH owns 100% of Hunt FS Holdings II, LLC, a limited liability company organized and existing under the laws of the State of Delaware (“HFSHII”);  HFSHII owns 100% of Hunt REC Holdings, LLC, a limited liability company organized and existing under the laws of the State of Delaware (“HRECH”); and  HRECH owns 100% of Hunt Investment Management. B. We perform discretionary and non-discretionary portfolio management and advisory services for pooled investment vehicles, single-investor funds, co-investment vehicles, joint ventures, special purpose vehicles, feeder vehicles, Managed Accounts, high net worth individuals, insurance companies, public and private corporations, partnerships, and other business entities, in each case, from time to time. Management services we typically provide Clients include:  general management and administrative services and portfolio management services, including managing day-to-day operations;  the evaluation and selection of investments;  the acquisition, management, and disposition of real estate properties and projects;  the acquisition, management, and disposition of assets spanning the real estate debt structure, including whole loans, participation interests, securitized real estate, leveraged bonds, tax exempt bonds, and other forms of real estate securities;  the acquisition, management, and disposition of investments in bonds and other debt obligations that finance infrastructure in the U.S.;  the valuation of assets;  ongoing asset management;  the purchase and sale of equity interests in commercial real estate properties located throughout the United States and

the United Kingdom; and  the coordination and management of operations of any joint venture or co-investment interests. Our Clients generally specialize in investing in infrastructure related assets, real estate, and both public and private real estate-related instruments, including commercial real estate, bonds, and other debt obligations that finance real estate or infrastructure investments, securitized real estate investments, and other forms of real estate or infrastructure related securities. Our Clients’ investments may take the form of or include, without limitation:  the acquisition of direct interests in infrastructure projects and related real property;  the formation of joint ventures or other co-investment arrangements with investors for investments in real estate-related assets (including the acquisition of debt and equity interests in joint ventures);  the formation of joint ventures or other co-investment arrangements with investors for investments in infrastructure projects (including the acquisition of debt and equity interests in joint ventures);  the acquisition of securities of entities that own or invest in one or more real estate or infrastructure-related assets;  investment (whether in equity or debt) in portfolio companies that perform services relating to, or otherwise engage in, businesses relating to real estate or infrastructure related assets; and  the sponsorship of or investment in real estate investment trusts (“REITs”), pooled investment funds, or other real estate or infrastructure related companies (including management, financing, development, or other operating companies). C. We tailor advisory services in accordance with each Client’s investment strategy (as disclosed or set forth in its offering documents, filings with the SEC, organizational documents, management agreements, or Managed Account agreements). We and our Clients target both public and private real estate related assets, including real estate and infrastructure debt or equity investments. In addition, certain personnel of the Adviser participate on investment committees in order to formulate investment strategies and render specialized investment advice. Our advisors adhere to the investment strategy and restrictions set forth in each Client’s private offering materials, governing documents, management agreements, and Managed Account agreements. D. We do not participate in any wrap fee programs. E. As of December 31, 2023, our (i) regulatory assets under management are $140,444,923, of which $127,512,950 are non-discretionary; and (ii) real assets under management are $881,546,000, of which $849,356,000 are non-discretionary.