Inland Institutional Capital LLC

ITEM 5 - Fees and Compensation

     Management Fees. Our clients compensate us for our services in the form of an investment
     management fee based upon assets under management. Such management fees are payable
     quarterly in arrears. Our fees may include the payment of incentive compensation based
     upon achieving actual returns to the client in excess of agreed upon rates of return. Our fees
     are negotiable

     Additional Fees and Expenses. The Adviser bears its own costs of compensation of personnel
     that provide services to it and related overhead expenses, except as described below.

     Clients incur expenses for maintenance of their books and records, custody fees, audit
     expense, tax preparation expense, legal, appraisal costs, and taxes. Any client that seeks to
     leverage an investment with mortgage debt will incur interest expense and fees for credit
     primarily at the investment level but also at the client level. A client will also incur the cost
     of conducting its own due diligence on all prospective investments or joint venture
     opportunities including, without limitation, travel related costs and costs of investments
     and joint venture opportunities not pursued to acquisition, as well as closing costs for
     acquired investments.

     Wrap Fee Programs

     We do not currently participate in any wrap fee programs.

     Assets under Management

     IRPF through its affiliates acquired nine properties all of which have been sold. As a result
     of the sale of all the IRPF properties, the Fund has cash of approximately $7,631,657 held in
     reserve that could constitute Assets under Management.

ITEM 7 - Types of Clients

       The Adviser is available to provide portfolio and asset management services to institutional
       separate accounts that are or will invest in real estate assets. The investors in such separate
       accounts may include large public and corporate pension plans and trusts, endowments,
       foundations, insurance companies, and other financial institutions. As of December 31,
       2022, the Adviser provided portfolio and asset management services to one private real
       estate investment fund, IRPF.