Long Pond is an investment advisory firm organized as a limited partnership under the laws of the State of Delaware. Long Pond was formed in 2010 and has been a registered investment adviser since February 2012. Long Pond is owned by John Khoury, who serves as Managing Partner and Portfolio Manager (the “Principal”). Long Pond serves as an investment manager and provides discretionary investment advisory services to several affiliated pooled investment vehicles, including Long Pond Capital QP Fund, LP and Long Pond Offshore, Ltd. (the “Feeder Funds”) and Long Pond U.S. Master, LP and Long Pond Offshore Master, L.P. (the “Master Funds” and, collectively with the Feeder Funds and Long Pond Opportunity II, LP, the “Funds” and each, a “Fund”). The Feeder Funds invest substantially all of their assets through a “master-feeder” structure in the respective Master Fund, conducting their investment and trading activities indirectly through their investment in the respective Master Fund. The purpose of the Master Funds is to achieve trading and administrative efficiencies. Thus, an investment in the Feeder Funds is the functional and economic equivalent of an investment in the Master Funds. References herein to the Funds’ investment and portfolio include investments by the Feeder Funds through the Master Funds. The investment objective of the Funds is to generate superior risk-adjusted returns by identifying asymmetry, defined as a disconnect between stock price and intrinsic value, primarily in securities of companies in the real estate and real estate related sectors. Long Pond also

offers advisory services to co-investment vehicles which have investment programs that at times overlap with the Funds but which Long Pond expects will be more concentrated. Long Pond Opportunity II, LP (“Long Pond Opportunity II”) was formed in 2022 for the purpose of making a single investment. Reference herein to the Funds’ investment objectives, investment strategies or investment activities should be read to apply to co-investment vehicles as the context warrants. Please find further discussion of co-investments in Item 11. Long Pond’s registration on Form ADV also covers Long Pond GP, LLC (the “Fund General Partner”), a limited liability company organized under the laws of the State of Delaware. The Fund General Partner is an affiliate of Long Pond and it serves as the general partner of those Funds that are U.S. or offshore partnerships. The Fund General Partner’s facilities and personnel are provided by Long Pond. Long Pond manages the assets of the Funds in accordance with the investment strategy set forth in each Fund’s respective confidential private placement memorandum or other applicable governing document, but does not otherwise tailor its investment advice to the individual needs of investors in the Funds. Neither the Funds nor their underlying investors may impose restrictions on investing in certain securities or types of securities. Long Pond does not participate in “wrap fee” programs. As of December 31, 2022, Long Pond had approximately $1.8 billion of client net assets under management. Long Pond manages all client assets on a discretionary basis.