Dome Equities LLC

Item 5. Fees and Compensation

In general, Dome is entitled to receive a management fee and a carried interest in connection with the
advisory services provided to the Funds. Dome may receive additional compensation in connection
with the structuring of certain portfolio investments. In addition to the management fee investors in a
Fund will bear certain organizational, operational and other expenses, except for any placement agent
fees.
Fees
Generally, an annual investment advisory fee of 150 basis points of the cumulative total of all capital
contributions or commitments of the investors of each Fund is required to be paid in quarterly

installments (either in advance or in arrears) as more fully described in each Fund’s Governing
Documents. These fees are non- refundable.
In addition, certain Funds are also subject to a structuring fee (the “Structuring Fee” relating to the
underlying real estate asset purchased by the PropCo in which the Fund invests. This fee is usually 1%
of the purchase price (or development budget, as applicable), and is paid to Dome. This Structuring
Fee operates as an indirect expense borne by the Fund’s investors. Dome typically invests between
approximately 5% and 10% of the equity in each Fund formed (though no particular level of
investment is required, except in the case of Fund IV), so that Dome or its affiliates indirectly bear a
proportional amount of the fee, net of the local operator’s proportional share of the fee. In Fund IV
such fee is referred to as an “acquisition fee” and is applicable to only to investments in single family
rental properties.
In addition to fees payable to Dome and its affiliates, each Fund will typically also be obligated to pay
certain fees to the unaffiliated local operating partner pursuant to the terms of the relevant PropCo
operating agreement. Such fees may include acquisition fees, property management fees, development,
and general contractor fees, as well as an incentive fee.

Expenses
Dome furnishes, generally at its own expense in accordance with each Fund’s Governing Documents,
all necessary services, facilities, and personnel in connection with its investment advisory
responsibilities.
Dome is also reimbursed by each Fund for all organizational expenses incurred in creating the Fund,
and each Fund bears all expenses incurred in connection with its ongoing operations, all as set forth in
greater detail in the Governing Documents of the Funds. Such operating expenses typically include,
by way of example, the following: (i) expenses incurred in connection with the organization of any
investment vehicle or holding vehicle, including documentation related thereto, (ii) management fee,
(iii) all expenses, costs and liabilities incurred in connection with the identifying, structuring,
negotiating, making, managing, developing, improving, financing, owning, operating, monitoring,
sale, proposed sale, other disposition or valuation of investments (whether or not consummated i.e.,
including “broken-deal” fees and expenses) for the Funds (including due diligence in connection
therewith), including, but not limited to, attorneys’ fees, market research, data subscription services,
industry publications, travel expenses, attendance at industry conferences, finders’ fees and expenses,
interest expenses and fees and expenses of other investment-related service providers, as well as costs
and expenses related to potential co-investments that are not consummated (to the extent not subject
to reimbursement), (iv) costs and liabilities incurred in connection with litigation or other extraordinary
events or settlements paid in connection therewith, D&O liability and other insurance covering the
Funds, Dome and their affiliates, (v) all taxes, fees and other governmental charges payable by the
Funds, expenses incidental to the transfer, servicing and accounting for the Funds’ cash and securities,
including all charges of depositories and custodians, all expenses associated with the preparation of
the Fund’s tax returns, (vi) communications expenses, (vii) all reasonable expenses and costs
associated with meetings with Fund investors, (viii) all reasonable expenses and out-of-pocket costs
of the investor advisory committee, as applicable, (ix) certain expenses and costs of subsidiaries or
other affiliated entities created to facilitate investment by the Funds which otherwise would be incurred
in connection with any portfolio investments, (x) brokerage commissions, custodial expenses,

appraisal fees and other investment costs actually incurred in connection with actual investments and,
(xi) expenses of liquidating the Fund and its subsidiaries, (xii) expenses incurred in connection with
the maintenance of the Fund’s books of account and the preparation of audited or unaudited financial
statements (including, without limitation, fees and expenses of independent auditors, accountants and
counsel, the costs and expenses of preparing and circulating the reports, and other routine
administrative expenses of the Funds or its subsidiaries, including, but not limited to the cost and
expenses of regulatory filings, the cost of the preparation of tax returns and each investor’s K-1 or
other equivalent report, cash management expenses and insurance and legal expenses and all expenses
incurred in connection with any indebtedness and guarantees (including interest thereon) of the Funds
or other credit arrangement (including any line of credit, loan commitment or letter of credit for the
Fund or related to any investment (or any underlying asset)). Additionally, at Dome’s discretion,
certain Funds will pay or reimburse the Fund’s allocable share of the costs of compensation (including
salary and benefits) attributable to internal audit, tax and finance personnel of Dome that provide
services to the Funds.
Investors in any Fund should review the applicable Fund’s Governing Documents for a more extensive
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Item 7. Types of Clients

As described, Dome provides investment advice to only one type of client—the Funds, which are
private investment vehicles that are exempt from registration under the Investment Company Act.
Investors in each Fund must qualify as “accredited investors” (as defined in Regulation D under the

Securities Act of 1933, as amended) and “qualified clients” under the Advisers Act. Investors in Dome
U.S. Residential Fund IV (A) (the dedicated Fund IV parallel fund) must also be “qualified
purchasers”, as such term is defined in Section 2(a)(51) of the Investment Company Act of 1940.
A description of the transfer rights and procedures, minimum investments, and Dome’s ability to waive
such rights, procedures and minimums is described in the Governing Documents of each Fund.
Dome has entered into (and may in the future enter into) “side letters” with investors in the Funds,
which may allow for certain additional rights in the event of tax, regulatory or legal circumstances
applicable to such investors, and/or may provide such investors with different or preferential rights or
terms, including but not limited to different or lower fee terms or structures, information rights, co-
investment rights, and transfer rights.