Swift Creek Real Estate Partners LLC

Item 5 – Fees and Compensation
Advisory Service Fees for Discretionary and Non-Discretionary Accounts

Swift Creek Partners’ fees generally consist of initial and quarterly investment management fees
calculated as a fixed percentage of funds under management. The advisory fees are generally
bespoke arrangements that are negotiated on a client-by-client basis based on individual client
objectives and may include non-recurring transaction and incentive fees as well as recurring
account advisory fees. The recurring account advisory fees may be based on underlying property
value, in which case, value is determined by either the internal or external appraised value
whichever is obtained for that quarter. The firm does not otherwise maintain a universal fee
schedule.

Advisory Services Fees for Funds and Institutional Clients

Swift Creek Partners receives a management fee (the “Management Fee”) based on a percentage
of capital commitments or invested capital and an affiliate will receive a carried interest or
incentive allocation based on realized gains or profits in connection with advisory services
provided to the Funds. As permitted under the applicable governing document(s), the firm may
reduce or waive the Management Fee with respect to an investor in its sole discretion. Certain
investors in the Funds may not pay a Management Fee or carried interest or may pay reduced
amounts of a Management Fee or carried interest.

Swift Creek Partners does not have a standard fee schedule but receives management fees from
institutional clients based on negotiated terms in each client’s investment management
agreement or other governing documents. However, for Industrial Value Fund, the Management
Fee rate varies between 1% and 1.2% depending on which closing the investor was admitted to.
Management fees generally are based on a percentage of assets under management. Swift Creek
Partners or an affiliate may also receive carried interest or an incentive allocation based on
realized gains or profits in connection with advisory services provided to institutional clients.

Our Billing Practices

The firm’s fees are billed according to the advisory agreement with the client, which may include
quarterly billing in arrears, quarterly billing in advance, and monthly billing; however, the timing
and frequency of billing may vary by client. Fund management fees may be paid from capital
contributions, drawdowns from an available line of credit, proceeds received in respect to any
investments, or other assets as determined by the Fund’s general partner. Swift Creek Partners
may be authorized by institutional clients to deduct fees directly from client assets with invoices
provided to the client for review and approval.

Third Party Fees

Swift Creek Partners does not provide custodial services, and we are not affiliated with a
brokerage firm. The firm’s brokerage practices are discussed in Item 12 of this brochure. Clients

Swift Creek Real Estate Partners LLC Form ADV Part 2A - Brochure                 Page 7 of 31

may incur other third party fees in connection with accounts that we manage, including custodial
fees and brokerage commissions.

Swift Creek Real Estate Partners LLC Form ADV Part 2A - Brochure              Page 8 of 31

Item 7 – Types of Clients
Swift Creek Partners serves as an investment adviser and/or sub-adviser to private funds and
institutional separately managed account clients, including private employer pension and profit-
sharing plans, state and local government retirement systems and endowment and foundation
funds. Investors within the private funds managed by Swift Creek Partners include or may
include institutions, family offices, and other domestic or international investors who meet the
qualification standards as described below.

Any requirements for opening or maintaining an account will generally be negotiated on a client-
by-client basis in connection with the bespoke advisory services fees described in Item 5 and
other considerations, as applicable. The firm may waive any such requirements in its sole
discretion on a case-by-case basis.

Swift Creek Partners also serves as investment adviser and/or sub-adviser to the Funds, which
include investment partnerships or other investment entities formed under U.S. domestic or non-
U.S. laws and operated as exempt investment pools under the Investment Company Act of 1940,
as amended (the “Investment Company Act”). The Firm does not provide investment advice
directly to investors in the Funds on an individual basis. Fund interests are offered and sold
generally to investors that are (a) “accredited investors” as defined under Regulation D of the
Securities Act of 1933, as amended, (b) “qualified clients” as defined under the Advisers Act or
other “knowledgeable employees” of the firm, and (c) “qualified purchasers” as defined in
Section 2(a)(51)(A) of the Investment Company Act.

The Funds require a minimum commitment as disclosed in Fund governing documents, but such
amount may be reduced with the prior agreement of the firm, subject to applicable legal
requirements.

Swift Creek Real Estate Partners LLC Form ADV Part 2A - Brochure             Page 10 of 31