Abacus Capital Group LLC

Item 5: Fees and Compensation

Fees Generally

Fees for real estate investment management services are typically negotiated on a case-by-case
basis depending on the type of investment being considered and the depth of services being
provided.

Private Funds: A management fee is typically paid to ACG by each Private Fund as specified in
such Private Fund’s governing documents. The fees and other compensation payable to ACG may
vary from Fund to Fund, and have typically conformed with the following schedule: 0.6% - 1.5%
of committed capital during the Fund’s commitment period (i.e., the period during which the
General Partner may call capital for new investments from limited partners) and, later, 0.6% - 1.5%
of invested capital. Such fees are paid to ACG quarterly and in advance and typically deducted
from the account. In the event of a termination of management services, the amount of prepaid
management fees would be calculated and promptly refunded.

Joint Venture Transactions: Management Fees for Joint Venture Transactions vary from
transaction to transaction, and have typically conformed with the following schedule: 0.5% of
Total Acquisition Cost (defined as the purchase price of the asset plus any related costs of acquiring
the asset), paid quarterly and in advance, plus 1% of Total Acquisition Cost (one-time only paid
at the time of acquisition). The quarterly fees are typically paid to ACG out of the operating
income generated by the particular property acquired in the Joint Venture Transaction. In the event
of a termination of management services, the amount of prepaid management fees would be
calculated and promptly refunded.

Other Investment Advisory Services: As noted above, ACG has, and may in the future, establish
investment advisory agreements with institutional investment managers regarding direct or
indirect interests in real property. The fee terms associated with such services are outlined in the
respective investment management agreement established with the institutional investment
manager.

Item 7: Types of Clients

For purposes of this Brochure, the Funds, and not the investors in the Funds, are considered
Abacus’ clients. Abacus provides real estate investment management services to the Funds, and
to institutional investors and other investment groups, including financial institutions,
corporations, endowments, foundations, pension funds, high net worth individuals and family
offices through Joint Venture Transactions.

Each investor in a Private Fund is generally required to meet certain suitability and net worth
qualifications applicable to the respective Private Fund (i.e., the investor must be an “accredited
investor” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act
of 1933, and a “qualified purchaser” as defined in Section 2(a)(51) of the 1940 Act).

There is no stated minimum account size, however the most recent Private Fund that engaged
ACG’s advisory services was comprised of investors committing a minimum of $5 million. Each
Private Fund may have a different minimum investment size subject to the sole discretion of the
respective Private Fund’s General Partner.