CWS Capital Partners LLC

Item 5. Fees and Compensation
Investment Advisory Fees

CWSCP does not charge retail investors any direct investment fees, asset-based or otherwise. Indirect non-
advisory fees earned are through affiliated companies (the SAF Associates Managing Member and CWS
Apartment Homes, LLC (“CAH”)). CAH does not receive any advisory related fees or income. CWSCP or
affiliates that act as a Managing Member and through CAH will be entitled to receive reimbursement for
expenses, and an asset management fee ranging from 1 to 2%, accounting fees, disposition fees, mortgage
brokerage fees, and development, construction, and administration fees. CWSCP earns an advisory related
performance fee through the promote structure with the SAF funds, while CWS Apartment Homes earns a
Form ADV Part 2A/B for CWSCP

real estate management related fee based on property revenues that is completely separate and unrelated
to advisory fees or services. Any referral fee agreement for soliciting or promoting activities to an outside
solicitor will be paid by CWS Apartment Homes through CWS Investments on behalf of CWSCP to Solicitors
(Promoters) with an expense sharing agreement.

Investment opportunities offered by CWSCP are through an affiliated entity, CWS Investments (CWSI).
CWSI is a FINRA member broker-dealer and a California state registered investment adviser (the
"promoter”). CWS Investments has an expense sharing agreement with CWS Apartment Homes. The
fees earned via this expense sharing agreement average 1% to 3% of capital raised by CWS
Investments. In 2025 total fees equaled approximately $ $2,030,225.00. CWS Apartment Homes is the
affiliate of CWS Capital Partners focused on the day-to-day operations of multifamily properties, some of
which the private real estate funds may have equity interests in. The principals of CWS Capital Partners
may earn performance fees through their participation in the Managing Member of the private real estate
funds that CWSI acts a solicitor for.

Investment Management Fees

There are no investment management fees charged to Clients.

Financial Planning Fees

There are no financial planning fees charged to Clients.

Hourly Consulting Fees

There are no hourly consulting fees charged to Clients.

Termination of contract

If CWS provides advisory services to a retail client, and that client lives in Illinois, the following paragraph
will apply:

In Illinois, unless a client has received the firm’s disclosure brochure at least 48 hours prior to signing the
investment advisory contract, the investment advisory contract may be terminated by the client within five
(5) business days of signing the contract without incurring any advisory fees.

Item 7. Types of Clients
Form ADV Part 2A/B for CWSCP

CWSCP is a registered investment adviser firm that provides investment advisory services to private real
estate funds invested in by individuals (other than high net worth individuals), high net worth individuals,
charitable organizations, corporations or other businesses, and other investment advisers (collectively
referred to as “Client” or “Clients”).

Requirement for Opening Accounts (Minimum Investment Amount)

CWSCP does not impose a minimum investment amount for its advisory client accounts at this time.
However, certain minimum investment amounts may be imposed at the Funds’ respective level for individual
investors. For example, the minimum total capital commitment for each investor in the Funds is $150,000
(QI) and $500,000 (QPF) respectively. The Managing Member of the Funds may accept investments of less
than this minimum investment amount in its discretion.

In the event that CWSCP imposes minimum investment amounts, accounts below these minimums may
be negotiable and accepted on an individual basis at CWSCP's discretion. However, CWSCP may from
time to time establish, modify and waive account or investment minimums for different investment
products and/or services. Also please see Fees and Compensation above for further details on
investment minimums.