RCM GA Manager LLC

Item 5 – Fees and Compensation

As compensation for investment advisory services rendered to the Clients, RCM GA will generally be
entitled to receive a management fee and, in certain cases, incentive or performance fees, as described below.

Rithm Property Trust

With respect to Rithm Property Trust, compensation earned by RCM GA from Rithm Property Trust is
generally comprised of both a base management fee (the “Base Management Fee”) and an incentive fee (the
“Incentive Fee”). The Base Management Fee is equal to 1.5% of Rithm Property Trust’s consolidated
stockholders’ equity per annum. RCM GA computes each quarterly installment of the Base Management
Fee within 30 days after the end of the calendar quarter with respect to which such installment is payable
and promptly delivers such calculation to Rithm Property Trust’s board of directors. In addition, the Incentive
Fee is payable quarterly in arrears in cash in an amount equal to 20% of the dollar amount by which earnings
available for distribution exceeds the product of (i) the average common book value per share (with certain
exclusions) of the common stock of Rithm Property Trust during such calendar quarter and (ii) 8%. At the
election of RCM GA, the Base Management Fee and the Incentive Fee are each payable in shares of common
stock of Rithm Property Trust, subject to certain requirements outlined in the Management Agreement.

As further described in the Disclosure Documents, no Incentive Fee will be payable to RCM GA with respect
to any period unless the Rithm Property Trust’s cumulative earnings available for distribution is greater than
zero for the most recently completed four calendar quarters (which are subject to a reset at the completion of
every fourth quarter as set forth in the Management Agreement (the “Reset Date”)) or, if less, (i) the number
of completed calendar quarters since the date of the Management Agreement or (ii) the number of completed
calendar quarters since the last Reset Date. In addition, Rithm Property Trust will pay RCM GA a termination
fee in the event that the Management Agreement is terminated by Rithm Property Trust or its affiliates in an
amount equal to three times the combined Base Management Fee plus the higher of (i) three times the
Incentive Fee earned by RCM GA during the 12-month period immediately preceding the date of
termination, calculated as of the end of the most recently completed fiscal quarter prior to the date of
termination, and (ii) the total amount of Incentive Fee that RCM GA would have earned based on the total
unrealized gain calculated as of the end of the most recently completed fiscal quarter prior to the date of
termination.

Rithm Property Trust will generally pay all of its costs and expenses and, if applicable, will reimburse RCM
GA (to the extent incurred by RCM GA) on a monthly basis for the costs and expenses of providing services
under the Management Agreement. Rithm Property Trust will pay and, if applicable, reimburse RCM GA
(to the extent incurred by RCM GA) for costs and expenses relating to the following:

   (i)   the organization and corporate governance of Rithm Property Trust, its operating partnership or any
         of the respective subsidiaries thereof;
  (ii)   the cost and expenses of any valuation firm calculating the net asset value of Rithm Property Trust,
         its operating partnership or any of the respective subsidiaries thereof;
 (iii)   fees and expenses payable to third parties, including, but not limited to, lawyers, accountants,
         auditors, agents, consultants or other advisors, in monitoring financial and legal affairs for Rithm
         Property Trust, its operating partnership or any of the respective subsidiaries thereof;
 (iv)    all costs and expenses of money borrowed by Rithm Property Trust, its operating partnership or any
         of their respective subsidiaries, including interest payable on debt, if any, incurred to finance
         investments in real estate assets and any other principal, interest and the costs associated with the
         establishment and maintenance of any credit facilities, warehouse loans, repurchase agreements and
         other indebtedness of Rithm Property Trust, its operating partnership or any of their respective
         subsidiaries (including commitment fees, accounting fees, legal fees, closing and other costs and
         expenses);
  (v)    all legal, audit, accounting, consulting, underwriting, brokerage, listing, filing, custodian, transfer
         agent, rating agency, registration and other fees and charges, printing, engraving and other expenses
         and taxes incurred in connection with offerings of the equity or other securities of Rithm Property
         Trust, its operating partnership or any of their respective subsidiaries;
 (vi)    management and incentive fees payable to third parties;
(vii)    fees and expenses payable to third parties, including, but not limited to, lawyers, accountants,
         auditors, agents, consultants or other advisors (which may include affiliates of or businesses owned
         by RCM GA, in which case such fees shall be no more favorable to such affiliate or business than
         would be obtained from a third party on an arm’s length basis) and any loan servicing fees, trustee
         fees, appraisal fees, insurance premiums, commitment fees, brokerage fees, guaranty fees, ad
         valorem taxes, costs of diligence, foreclosure, maintenance, repair and improvement of property and
         premiums for insurance on property owned or leased by Rithm Property Trust, its operating
         partnership or any of their respective subsidiaries, in each case, relating to, or associated with,
         evaluating and making and monitoring investments in real estate assets;
(viii)   transfer agent and custodial fees;
 (ix)    federal, state and local registration fees;
...

Item 7 – Types of Clients

As of the date of this Firm Brochure, RCM GA provides investment advisory services to the Clients, as
further described in Item 4. Each of the Clients is organized as a legal entity that qualifies for an exclusion
from the definition of “investment company” under the Investment Company Act.

In addition, each of Rithm Property Trust and R-HOME conduct its operations so that neither Rithm Property
Trust, R-HOME or their respective operating partnerships or subsidiaries come within the definition of an
“investment company” by ensuring that less than 40% of the value of each of Rithm Property Trust’s and R-
HOME’s respective total assets on an unconsolidated basis consists of “investment securities.”

For the avoidance of doubt, RCM GA will not provide investment advice directly to any investor of the
Clients.