Highly Confidential & Trade Secret. Not to be Forwarded. Not for Distribution. For Qualified Investors Only GTIS Qualified Opportunity Fund LLC Fund Profile I 2019 GTIS Partners LP Fund Profile Sponsor Strategy Target Fund Size Structure Geographic Focus Target Gross IRR(1) Target Net IRR(2) Target Gross Multiple(1) Target Net Multiple(2) Fees Preferred Return Catch-up Incentive Term Minimum Investment GTIS Partners ("GTIS") Qualified Opportunity Zones $500 million Private REIT NY, SF, LA, DC, Boston, Seattle, Phoenix, Denver, Miami, Dallas, Orlando 13-14% 9-11% (before tax benefit) 3.0x 2.5x (before tax benefit) 1.6% on Committed capital during Investment Period 1.6% on NAV thereafter 8% to Investors 60% GTIS / 40% Investor 20% Fund-wide waterfall 12 years $100,000 Investor Qualification U.S. Taxable Accredited Investor Closings Due Diligence Key QOZF Professional Tom Shapiro President and CIO • Previously Senior MD at Tishman Speyer, member of Investment and Management Committees • At Tishman for 17 years, managed JV between Tishman and Goldman Sachs, commercial leasing EFTA01421958