A. Description of advisory firm and principal owners. Encore Housing Opportunity Fund Investment Manager, LLC, a Delaware limited liability company, also referred to in this brochure as “Encore”, is a real estate investment advisory firm, which commenced operations in 2009. Effective as of January 1, 2015, Encore Capital Management, LP “ECM”) is the sole owner of Encore. ECM is owned by (i) Encore Capital Management GP, LLC (“ECMGP”), its general partner, and (ii) AF Encore Management, LLC and Avila Encore Management, LLC, its limited partners. ECMGP is directly owned by AF Encore Management, LLC and Avila Encore Management, LLC, as its sole members. Arthur Falcone is the manager of AF Encore Management, LLC and Tony Avila is the manager of Avila Encore Management, LLC. Mr. Falcone and Mr. Avila oversee Encore’s investment activities. For purposes of this ADV Part 2A, the term “employees” covers individuals who are performing services for Encore, supervised by Encore and covered by Encore’s compliance policies and procedures, even if not direct employees of Encore. B. Advisory services offered. Encore provides discretionary investment advisory services to private investment vehicles (each, a “Fund” or a “Client” and, collectively, the “Funds” or “Clients”) each of which focuses on real estate and real estate-related investments.1 Interests in the Funds are only offered to qualified investors through private offerings. Encore is affiliated with entities that serve as the general partners or managing members to the Funds (collectively “the General Partners”). The General Partners may be deemed to be performing advisory services to the funds, and therefore rely on Encore’s registration under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Pursuant to Encore’s registration in accordance with SEC guidance, these entities are deemed “relying advisers” and the information set forth herein regarding the investment advisory services provided by Encore shall also apply in respect of each of the General Partners. In 2014, principals of Encore formed Rescore Property Corporation, a Real Estate Investment Trust (the “REIT”). The REIT entered in an investment advisory agreement with Rescore Investment Manager, LLC (“Rescore”), whereby Rescore would be responsible for the investment management activities for the REIT and its subsidiaries and be entitled to the advisory fees for such services. Rescore is affiliated with and under common control with Encore and, like the General Partners, relies upon Encore’s Advisers Act registration (making it a “relying adviser”). Unless otherwise specified in this brochure, all responses

made herein by Encore are applicable to Rescore. Please refer to Item 10(C) for more information about this relationship. The investment strategy of the Funds to which Encore provides investment advice is generally to make opportunistic investments primarily in North America in a broad range of real estate and real estate-related investments, including, single assets, portfolios, joint ventures and operating companies as well as real estate-related loans and debt securities. 1 “Fund” or “Client” means any fund for which Encore provides investment advice and/or makes investments or investment recommendations on a discretionary or nondiscretionary basis. The investors and other persons who invest in the Funds are generally referred to herein as “investors.” Unless otherwise expressly stated herein, the terms “Fund” and “Client” do not refer to “investors.” As discussed further in Item 8 of this brochure, Encore generally targets real estate and real estate-related investments on an opportunistic basis, through development, redevelopment, repositioning or improving the management. Tailoring to individual Client needs. Encore may tailor its advisory services to the individual needs of a particular Fund, as may be necessary. Each Fund has a set of specific guidelines that may limit the strategy, size, concentration, geography, type of security and/or terms of the Fund’s underlying investments as described in each Fund’s governing documents. Investment advice is provided directly to each Fund itself and not to the individual investors in the Funds. Although Encore does not provide tailored investment advice to the individual investors in the Funds, the General Partner and/or the Funds may enter into side letter agreements with certain investors that may modify such investors’ rights or obligations under the operating agreements for a particular Fund. This Brochure is not an offer to invest in a Fund. Any such offer would only be made through the provisions of a Private Placement Memorandum (the “Memorandum”), and/or limited partnership agreement (the “LPA”) or Investment Management/Limited Partner Advisory Agreement (the “IMA”). Information included in this Brochure is intended to provide a useful summary about the Firm, but it is qualified in its entirety by information included in a Memorandum, LPA or IMA (collectively, the “Offering Documents”). C. Wrap fee programs. Encore does not participate in wrap fee programs. D. Assets under management. As of December 31, 2023, Encore managed approximately $1,657,374,569 in regulatory assets under management on a discretionary basis. Such amount is preliminary and unaudited.