Cabot Properties LP

Item 5.           Fees and Compensation

Prior to investing, each investor is asked to carefully read and review the particular
Client’s offering and/or governing documents for a complete understanding of the terms
related to the Client, including the compensation received by the Adviser and its affiliates.
The information contained in this Brochure is only a summary and is qualified in its
entirety by each such Client’s offering and/or governing documents.

Certain Fund governing documents permit the Adviser or its affiliates to reduce fees applicable
to an underlying investor in the Fund in the discretion of the Adviser or its affiliates4. In addition,
the Adviser and its affiliates have entered into and will enter into side letters or similar
agreements with certain Fund investors. Such side letters have the effect of providing additional
rights or supplementing certain rights or terms of a particular Fund’s governing documents as
they relate to certain investors (see Item 8 for more detail on Side Letters).

Annual management fees generally do not exceed 1.5 percent5. Carried interest allocations
generally do not exceed 20 percent of profits and are generally subject to certain preferred return
hurdles. The preferred return hurdle varies between Funds but are generally 8-12 percent. As of
December 31, 2025, Cabot and its affiliates have previously negotiated, or are currently the
recipient of, the following types of fees and compensation for its investment advisory services
and the services provided by its affiliates: (i) acquisition or onboarding fees, (ii) development
fees, (iii) management fees, (iv) asset management fees (at the property level) for separate
account Clients, (v) property management fees6, (vi) construction management services fee, (vii)
disposition fees, (viii) leasing management fees, (ix) performance-based fees (see Item 6

3 The  Adviser and its affiliates also provide non-discretionary asset management services to two third parties which
purchased separate portfolios of real estate assets from Cabot. There are three associated accounts; in one such
relationship, Cabot committed capital and provides accounting and other services pursuant to an operating
agreement. In another relationship, Cabot did not commit any capital and does not perform any accounting or have
access to the current books and records related to such assets. In the third such relationship, Cabot committed capital
and does not perform any accounting or have access to the current books and records related to such assets. Cabot
has not committed to identifying additional investments for these relationships but may assist with non-discretionary
disposition decisions. The Adviser does not consider the services for these relationships to include investment
advice with respect to securities, and therefore the Adviser does not include such assets in its assets under
management.
4At the discretion of the Adviser, reduced fees or other investor side letter provisions may be applicable to each
member of certain groups of investors that, in the aggregate, meet certain capital commitment thresholds.
5 Varies by Client and, for discretionary Funds, the stage a given Fund is within the lifetime of the Fund using
either: (i) committed capital prior to the end of a certain Client’s investment period and unreturned capital after the
end of such investment period; (ii) contributed capital; or (iii) projected project costs.
6 Incertain instances where property management services are delegated to an unaffiliated third-party manager,
Adviser may retain property management accounting and collect an associated fee, with the remaining overall
applicable fee paid to the third-party service provider.

regarding Performance-Based Fees and Side-By-Side Management); (x) fixed fees in terms of
maximum fees related to acquisition, and (xi) other fees, for certain private separate account
Clients. The Adviser generally does not charge fees in advance.

In addition to the Adviser’s fees discussed above, cash management transactions may
generate expenses related to portfolio transactions which would be borne by clients.
Additionally, the Funds directly, and the limited partners of the Funds indirectly, may bear
formation and operational expenses related to the Funds or entities through which a Fund
invests. Such expenses will include, but not be limited to, (i) costs, fees and all out-of-pocket
expenses, including travel and lodging costs (including those incurred in connection with
attending or otherwise participating in meetings of subsidiaries), which may include certain
expenses associated with business-class or first-class travel, related directly or indirectly to
the investigation of investment opportunities, (whether or not consummated and including
fees relating to unconsummated transactions where an investment vehicle was entering into
such transactions with the intention of selling part of its interest to a co-investor), and/or
related directly or indirectly to the acquisition, ownership, leasing, development (including
incentive payments to third-party developers), financing, hedging or sale of investments
including fees, costs and expenses of any third parties and, subject to the provisions of this
Agreement, any Cabot Affiliates retained to provide services related to the Investments
(including any management, construction, leasing and other property management
services); (ii) taxes, fees and other governmental charges, fees and expenses relating to any
regulatory or governmental reports or filings and fees and expenses associated with the
Partnership’s “environmental, social and corporate governance” strategies, programs or
initiatives, including any related reports or filings; (iii) third-party legal, auditing,
consulting, bookkeeping, banking, custodian, administration, anti-money laundering and
‘know-your-customer’ requirements, depositary, payment agency, transfer agency,
...

Item 7.         Types of Clients

The Adviser considers its Clients to be the investment vehicles themselves, even though the
Adviser’s advisory arrangement is directly with the corresponding general partner or sponsor of
each of its investment vehicles. The Adviser does not “look through” the investment vehicle to
each investor in determining its client relationship for purposes of Advisers Act compliance
unless required to do so by regulation (e.g., Rule 205-3) or interpretation (e.g., delivery of the
Brochure to investors). Cabot, however, does maintain investor relations with investors in its
Funds. Investors and Clients currently include endowments, foundations, employee retirement
benefit and pension plans, high net-worth individuals, charitable organizations, banks, insurance
companies, fund of funds, and corporations. Cabot does not have a specified minimum account
size for its separately managed accounts.