Jamestown LP

Item 5.      Fees and Compensation
A. Describe how you are compensated for your advisory services. Provide your fee
schedule. Disclose whether the fees are negotiable.

Jamestown charges Funds asset management fees for its services. Asset management fees
are calculated in accordance with each Fund’s limited partnership agreement and are
generally a percentage of capital contributions or a percentage of net asset value. With
respect to the Non-Alternative Investment Fund, the annual asset management fee is a flat
fee for the remaining project in the Fund, as set forth in the Fund’s limited partnership
agreement. The Jamestown Premier Property Fund and the Jamestown Timberland Fund
limited partnership agreements allow for a range of asset management fees based on the
aggregate amount of capital commitments made by investors and other factors, and
Jamestown has granted aggregation benefits to investors advised by the same advisors. As
required in the limited partnership agreement, JPPF Co-Investment, L.P. (a limited partner
of the Jamestown Premier Property Fund) made the required investment on behalf of the
fund’s general partner. JPPF Co-Investment, L.P. does not pay any asset management fees.
Each of JPPF Management Co-Investment, L.P. and JPOTS Opco Management Co-Investment,
L.P. (each limited partners of Jamestown Premier Property Fund) comprises a group of
Jamestown employees and pays the lowest asset management fee available to investors.
JPOTS Opco Management Co-Investment, L.P. (a limited partner of Jamestown Premier OTS
Opco Fund, L.P.) comprises a group of Jamestown employees and pays the lowest asset
management fee available to investors. Jamestown Timberland Co-Investment, L.P. (a
limited partner of the Jamestown Timberland Fund, L.P.) comprises Jamestown and a group
of Jamestown employees. As required in the limited partnership agreement, Jamestown
Timberland Co-Investment, L.P. made the required investment on behalf of the fund’s
general partner. While Jamestown Timberland Co-Investment, L.P. does not pay an asset

Jamestown, L.P.                         7                          March 30, 2026

management fee, distributions received by it from Jamestown Timberland Fund, L.P. will be
net of an advisory fee paid to the general partner. The advisory fee constitutes a portion of
the asset management fee paid to the general partner by Jamestown Timberland Fund, L.P.
As contemplated in the Latin America Fund partnership agreement, if Jamestown or a
Jamestown affiliate receives asset level management fees from project entities in Latin
America, the fund level asset management fees will be reduced on a dollar for dollar basis.

Jamestown and Jamestown affiliates also receive incentive based compensation (as outlined
in more detail under Item 6).

The German Investor Real Estate Funds generally provide for the fees listed below in
addition to the asset management and incentive fees discussed above:

       With respect to German Investor Real Estate Funds, Jamestown or a Jamestown
       affiliate receives a subscription fee or commission which is calculated as a percentage
       of capital contributions paid to the Fund in order to cover commissions paid to third
       party salespersons.

       With respect to certain German Investor Real Estate Funds, Jamestown or a
       Jamestown affiliate receives a syndication fee as a percentage of capital contributions
       paid to the Fund or are otherwise reimbursed for marketing costs, prospectus
       preparation and reviews, organizational expenses, printing costs for the prospectus,
       and fees paid to escrow agents.

       With respect to German Investor Real Estate Funds, Jamestown receives an
       acquisition fee equal to a percentage of the asset purchase price at the time of
       acquisition.

       With respect to German Investor Real Estate Funds, Jamestown receives disposition
       fees equal to a percentage of the gross sales price of a property at the time of sale, less
       brokerage commissions payable to third parties.

       With respect to German Investor Real Estate Funds, Jamestown or a Jamestown
       affiliate receives annual fund administration or fund management fees during the
       Fund’s investment period which, with respect to the Alternative Investment Funds, is
       calculated as a percentage of capital contributions or a percentage of average net
       asset value for the relevant Fund. With respect to the Non-Alternative Investment
       Fund, the annual fund administration fee is a flat fee as set forth in the Fund’s limited
       partnership agreement.

       With respect to Alternative Investment Funds, Jamestown or a Jamestown affiliate
       receives a fee equal to all interest income earned by the Fund or its subsidiaries each
       year subject in certain cases to a minimum and maximum as compensation for
       assuming general partner liability and to assume the tax on the interest income and
       mitigate the burden associated with such income to German investors. With respect

Jamestown, L.P.                             8                            March 30, 2026

       to the Non-Alternative Investment Fund, the annual general partners fee is a flat fee
       as set forth in the Fund’s limited partnership agreement.

Jamestown Invest 1 was offered exclusively to U.S. investors. Jamestown Invest 1 generally
provides for the fees listed below in addition to asset management and incentive fees
discussed above:

       With respect to Jamestown Invest 1, Jamestown receives disposition fees equal to a
       percentage of the gross sales price of a property at the time of sale, less brokerage
       commissions payable to third parties.

       With respect to Jamestown Invest 1, Jamestown or a Jamestown affiliate receives an
       annual fund administration fee which is calculated as a percentage of average net
       asset value of the Fund.
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Item 7.       Types of Clients
Describe the types of clients to whom you generally provide investment advice, such
as individuals, trusts, investment companies, or pension plans. If you have any

Jamestown, L.P.                           11                          March 30, 2026

requirements for opening or maintaining an account, such as a minimum account size,
disclose the requirements.

Jamestown provides services to Private Funds, the Non-Alternative Investment Fund, and
the US Investor Real Estate Funds. Jamestown has the discretionary authority, subject in
certain cases to approval requirements of the relevant Fund’s Advisory Committee, to buy or
sell, or determine the assets to buy or sell, without the prior consent of investors in the Funds
(except with respect to its twelve non-discretionary Funds, which each own interests in one
real estate asset); provided, however, that in the case of the Alternative Investment Funds,
the delegated external Kapitalverwaltungsgesellschaft (“KVG”, a German regulated
investment manager and affiliate of Jamestown), has the discretionary authority to buy or
sell, or determine the assets to buy or sell, without the prior consent of investors in the
Alternative Investment Funds. Client investors typically include individuals, public pension
plans, insurance companies, private pension plans, sovereign wealth funds or foreign
institutions as well as non-U.S. persons residing in Germany and, with respect to the US
Investor Real Estate Funds, individuals who are citizens and residents of the United States.

Jamestown has no minimum requirements for opening or maintaining an account; however,
certain Funds themselves require that investors in the Funds meet a minimum capital
commitment. Such minimums are set by the Funds and their general partners. The minimum
capital commitments required by each Fund differ and are subject to waiver by the General
Partner.

Item 8.       Method of Analysis, Investment Strategies and Risk of
              Loss
A. Describe the methods of analysis and investment strategies you use in formulating
investment advice or managing assets. Explain that investing in securities involves
risk of loss that clients should be prepared to bear.

As more fully described in each Fund’s offering documents and other disclosures provided
to investors, Jamestown invests in real estate and in equity interests in entities holding
interests in real estate for the benefit of its Funds. Jamestown’s investment strategy for its
Funds consists of acquiring real estate, actively managing, repositioning, and otherwise
adding value to such real estate, and selling such real estate. In some cases, Jamestown also
adds value by developing land acquired by its Funds and by modifying and improving
buildings owned by its Funds. Jamestown also invests in an operating company in
connection with the restructuring of the Jamestown Premier Property Fund investment
located at One Times Square that was completed effective as of July 1, 2025. Jamestown’s
extensive investment process is led by experienced senior professionals in acquisitions,
capital markets, asset management, risk management, legal, leasing, design, marketing,
construction and development, sustainability, and portfolio management to contribute to
every stage of an investment, from underwriting through disposition.

Jamestown, L.P.                            12                           March 30, 2026

Each Fund’s offering documents and other disclosures provided to the investors include
more detailed disclosure of the risks of investing in the relevant Fund, and any prospective
investor is urged to read such documents carefully before making an investment in any Fund.

Jamestown also acquires, manages, and sells timber properties for Jamestown’s Open and
Closed-End Timber Funds, concentrating on sites in the eastern U.S. Jamestown targets
established properties that, through intensive management, respond favorably to three
sources from which timberland returns are derived: biological growth, timber price
appreciation, and land price appreciation.

B. For each significant investment strategy or method or analysis you use, explain the
material risks involved. If the method of analysis or strategy involves significant or
unusual risks, discuss these risks in detail. If your primary strategy involves frequent
trading of securities, explain how frequent trading can affect investment
performance, particularly through increased brokerage and other transaction costs
and taxes. C. If you recommend primarily a particular type of security, explain the
material risks involved. If the type of security involves significant or unusual risks,
discuss these risks in detail.

As described in detail in each Fund’s offering documents and other disclosures provided to
the investors, each Fund’s investments entail the following risks:

The Funds generally invest in real estate and real estate-related investments, in equity
interests in entities that own real estate and in indebtedness secured by real estate.
Accordingly, the marketability and value of the investments in which the Funds invest
depend on many factors beyond the control of Jamestown, including changes in general,
global or local economic conditions; political and market conditions; changes in supply of or
demand for properties; reliance on third parties for certain services; changes in legal, fiscal
and regulatory regimes; the availability of financing; changes in interest rates; changes in
real estate tax rates and other operating expenses; the financial condition of tenants, buyers
and sellers of properties; technological innovations that dramatically alter space
requirements and demand; competition based on rental rates or price/quality of timber (as
applicable); the promulgation and enforcement of government regulations, including rules
relating to land-use and zoning restrictions, rent control, environmental protection, and
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