Hazelview Securities Inc

Item 5 – Fees and Compensation

A. Compensation for Advisory Services

Advisory Fees for Separately Managed Accounts and Sub-Advisory Accounts

Currently, HSI assesses fees for advisory services to Separately Managed Accounts and
Sub-Advisory Accounts based upon an annual percentage of the net asset value of each
Separately Managed Account and Sub-Advisory Account. The typical advisory fee rate is
approximately 0.25% to 1.20% of the net asset value of the account per annum. Advisory
fees are negotiable based on a number of factors, including but not limited to the size of the
account, the complexity of the investment strategy, and other Client-specific operational
requirements.

In addition to the advisory fees, HSI may also charge a performance-based fee, which is
described in Item 6 below.

Advisory Fees for Hazelview Investment Funds

Currently, HSI assesses fees for advisory services to Hazelview Investment Funds based
upon an annual percentage of the net asset value of each Hazelview Investment Fund. The
advisory fee ranges from approximately 0.70% to 1.9%, as disclosed in each Hazelview
Investment Fund’s offering document. Advisory fees are not negotiable.

In addition to the advisory fees, HSI may also charge a performance-based fee, which is
described in Item 6 below.

B. Payment for Fees Incurred

HSI will send invoices to Clients on a monthly or quarterly basis to facilitate the payment of
advisory fees.

C. Other Fees and Expenses

Clients will also incur custodial fees, brokerage and other transaction costs which are
in addition to HSI’s advisory fee. Refer to Item 12 below for more information.

D. Payment of Fees In Advance

HSI does not charge advisory fees in advance.

E. Compensation for Sale of Securities and Other Investment Products

Neither HSI nor any of HSI’s supervised persons accepts compensation for the sale of
securities or other investment products.

Item 7 – Types of Clients

HSI provides discretionary investment advice to Separately Managed Accounts, Sub-
Advisory Accounts and the Hazelview Investment Funds. Separately Managed
Account Clients may include pension plans, endowments, foundations, corporate and
business entities, trusts, and high net worth individuals. The minimum account size is
typically $5,000,000.00 in assets under management for each separate account and
may be reduced or waived at the sole discretion of HSI.

The minimum subscription amount for the Hazelview Investment Funds are
disclosed in the offering memorandum.