DigitalBridge Colony Capital Investment Advisors, LLC (“CCIA”) is a Delaware limited liability company and an indirect subsidiary of DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), a global investment management firm publicly traded on the New York Stock Exchange. Marc C. Ganzi is the Chief Executive Officer of DigitalBridge and Benjamin J. Jenkins is the President and Chief Investment Officer of DigitalBridge. CCIA was formed in December 2014. CCIA succeeded the advisory business of Colony Capital, LLC, which was founded in 1991. CCIA and the Relying Advisers The advisory business of CCIA (which includes the Relying Advisers described below) primarily consists of advising private investment funds and co-investment vehicles (the “Managed Funds” or “Clients”). The investment strategies of the Managed Funds are generally focused on making direct investments in real estate and real estate- related assets, debt and distressed debt investments and private growth-oriented companies. Currently, CCIA is not accepting new Clients or Investors and is generally focused on exiting investments for its Clients. Certain affiliates of CCIA (the “Relying Advisers”) provide investment advisory and related services as part of CCIA’s advisory business. These include, in particular, affiliated companies established in Luxembourg, the United Kingdom and the United States, which may also engage CCIA affiliates and third parties for the provision of services. CCIA and the Relying Advisers generally have common policies and procedures with respect to their clients, share senior management teams and key personnel, and are collectively referred to herein as the “CCIA Advisers,” or “CCIA,” as the context requires. The Relying Advisers include, Colony Capital UK, Ltd. (United Kingdom), CNI One Cal Plaza Investment Advisor, LLC (Delaware), CNI Century Plaza Advisor, LLC (Delaware) and Colony LatAm Holdings, LLC (Delaware). Each CCIA Adviser is a separate and distinct company that may have differing investment capabilities and functions, but the CCIA Advisers work collaboratively to provide advice and services to the Managed Funds. As of December 31, 2023, the CCIA Advisers managed approximately $801,863,202 in client assets on a discretionary basis and $0 in client assets on a non-discretionary basis. Assets under management are calculated and presented in this Brochure according to the requirements of the Advisers Act and may differ from the calculation and presentation of assets for purposes of other disclosures made by CCIA or its Clients. Managed Fund Advisers The Managed Fund Advisers are a group of CCIA’s Relying Advisers that, together with CCIA and their affiliates, provide asset management and other services to the Managed Funds, which primarily consists of private investment funds and co-investment vehicles, whose investment strategies are focused on making direct investments in real estate and real estate-related assets, debt and distressed debt investments, and other companies, funds and accounts that may be sponsored or co-sponsored by DigitalBridge or CCIA or otherwise advised by CCIA in the future, both in the United States and internationally. The Managed Fund Advisers are CCIA (Delaware), CNI One Cal Plaza Investment Advisor, LLC (Delaware), CNI Century Plaza Advisor, LLC (Delaware) and Colony LatAm Holdings, LLC (Delaware). As noted above, this Brochure primarily describes the investment strategies, fees, risks, and conflicts applicable to the Managed Fund Advisers and the Managed Funds. Only Managed Funds’ clients should refer to this Managed Funds Brochure. Other Affiliated Advisers Certain other affiliates of CCIA and DigitalBridge provide investment advisory and related services under separate registrations with the SEC and are not covered by this Brochure. These other registered affiliates have in some cases common policies and procedures and/or share certain management teams or personnel with CCIA and the Relying Advisers but are treated as separate and distinct companies and SEC registrants. These advisers offer a variety of investment strategies and services to a number of different clients. The separate registered investment advisor affiliates that provide investment advisory and related services under separate registrations but have common policies and procedures with CCIA include (i) DigitalBridge Investment Management, LLC (Delaware), an investment adviser to private equity style investment funds and co-investment vehicles and funds which invest primarily in publicly traded securities; (ii) Digital Bridge Advisors, LLC (Delaware), an investment adviser focused on companies in the mobile and internet infrastructure space; and (iii) InfraBridge Investors (US) Limited (Delaware) (the “Affiliated Advisers”). Certain exempt reporting advisers that do not have common policies and procedures with CCIA but share certain management teams or personnel with CCIA include (i) Colyzeo Investment Management Limited (United Kingdom) and (ii) Colyzeo Investment Advisors Limited (United Kingdom) and (iii) InfraBridge Investors (UK) Limited (United Kingdom). Further information about the advisory businesses of these CCIA affiliates can be found in the public disclosures on Form ADV for those firms. DigitalBridge also directly and indirectly owns a number of operating entities (in addition to CCIA and the Relying Advisers) that are engaged in the business of owning, controlling, operating, managing, servicing and providing other services related to digital infrastructure, real estate and real estate-related assets. The operating companies owned by DigitalBridge that are engaged in the financial services industry are described in Item 10 below. About the Managed Funds The

Managed Funds business line of CCIA primarily consists of advising private investment funds and co- investment vehicles, whose investment strategies are focused on making direct investments in real estate and real estate-related assets, debt and distressed debt investments. The Managed Funds include clients that are organized in the United States and internationally, and that are focused on certain types of investments. The Managed Funds primarily include (i) private equity funds that invest in operating companies; (ii) distressed debt and credit funds that focus investments in assets and businesses that are experiencing or are expected to experience severe financial difficulties; and (iii) other vehicles that invest in residential and commercial development. DigitalBridge has recently undergone a significant business transformation, effecting a complete change in corporate strategy to focus entirely on investment strategies in digital infrastructure. Therefore, most of the Managed Funds are currently in the process of being sold or wound down. Services to the Managed Funds The Managed Fund Advisers generally advise and manage the day-to-day investment affairs of the Managed Funds, and may act in one or more capacities, including as a general partner. Subject to the terms of the Managed Fund’s Governing Documents, the services provided to the Managed Funds include investment management and advisory services concerning (i) investments in operating companies; (ii) investments in distressed situations; (iii) acquisitions of direct investments in real estate in a variety of sectors; and (iv) investments in select residential and commercial development opportunities. The Managed Fund Advisers also provide investment advice regarding debt instruments related to real estate or issued by real estate or real estate-related entities, as well as in similar preferred equity instruments, and may also involve the acquisition of equity or an equity derivative, such as warrants, options, common stock, convertible debt, commercial mortgage-backed securities, residential mortgage-backed securities, real estate-related B-notes, mezzanine loans, bridge loans, debtor-in-possession loans, whole mortgage loans, bonds, a broad variety of primary or secondary purchases of debt instruments, other real estate or corporate debt-related products and portfolio companies. The Managed Fund Advisers primarily provide investment advice with respect to investments located in the United States, Europe and Latin America. The Managed Fund Advisers also provide investment advice regarding (i) the origination or acquisition of mortgage loans or other real estate loans with the expectation of subsequently foreclosing on, or otherwise taking control of, the property securing the loan or investment; (ii) the acquisition of minority interests in commercial banks, the primary assets of which are commercial and residential loans; (iii) minority or blocking positions in fulcrum debt securities; (iv) rescue capital loans to real estate operating companies, construction/rehabilitation loans, sale- leasebacks, and triple-net leases; and (v) investments in private growth-oriented companies. In connection with the consummation of certain investments on behalf of Clients, the Managed Fund Advisers may employ hedging techniques designed to protect the Client against adverse movements in currency or interest rates. The Managed Fund Advisers may invest Clients' funds in liquid, short-term investments, such as bank and certificates of deposit or deposit such funds in a money market fund. The Managed Fund Advisers estimate that the portion of its activities related to such non-real estate-related advisory services is not significant. For certain Clients, the Managed Fund Advisers engage a third-party sub-adviser (“Sub-Adviser”) to assist in the execution of the investment strategy for such Client. The Managed Fund Advisers enter into an agreement with the Sub-Adviser obligating such Sub-Adviser to provide the agreed-upon services to the Client. The Managed Fund Advisers conduct diligence on any Sub-Advisers and monitor the performance of such Sub-Advisers but are not involved in the day-to-day operations of the Sub-Adviser. The Managed Fund Advisers do not delegate ultimate investment advisory decision-making authority to Sub-Advisers. Except as provided herein, CCIA manages each Managed Fund on a discretionary basis (subject to any limitations set forth by the Managed Fund’s Governing Documents, investment board, general partner, or similar governing body, as applicable). Other Services to the Managed Funds DigitalBridge Luxembourg S.à.r.l., a Luxembourg holding company that is an affiliate of CCIA, provides in-house accounting and administrative services for various investments where local legal, tax, administration, and accounting support in non-US jurisdictions is needed. Luxembourg holding companies owned by affiliates of the Managed Funds reimburse DigitalBridge Luxembourg S.à.r.l. for an allocation of actual costs based on time spent by staff employed by DigitalBridge Luxembourg S.à.r.l. (including salary, bonus, and benefits reimbursements of personnel and associated corporate overhead) and all direct expenses incurred for each investment. The amount of such reimbursements is not offset against management fees. CCIA or its affiliates must determine in good faith that any expenses, charges or related costs associated with these services are not greater than what would be paid to an unaffiliated third party for substantially similar services. The terms of these services will be consistent with the requirements set forth in applicable fund offering documents or other governing documents. CCIA does not currently engage in wrap fee programs.