Transwestern Investment Management LLC

Item	5	–	Fees	and	Compensation

                       Real	Estate	Investment	Advisory	Services	Fees
Fee arrangements between TIM and its clients vary based on, among other things, the nature
and scope of services, the structure of the account, the amount of assets contributed to the
account and the client-specific investment mandate. Each fee arrangement is determined in
advance and set based on these factors.
We offer clients the following fee options, as applicable:
    1. Flat fee;
    2. A percentage fee based upon either (i) capital committed to a client’s real estate asset
       portfolio, or (ii) portfolio market value, or (iii) cost basis of the assets, or (iv) amount
       of equity invested;
    3. Per-project fee;
    4. Acquisition fee;
    5. Carried Interest (a type of incentive based performance fees)*; or
    6. Some combination of the above.

Item	7	–	Types	of	Clients

TIM specializes in providing advice to institutional clients, including:
    •    Insurance Companies
    •    Pension Plans
    •    Endowments and Foundations
    •    High Net Worth Individuals
    •    Fund vehicles

                                    Minimum	Investment
TIM generally does not require a minimum client account size and does not have a minimum
fee requirement.