EFTA01374629.pdf

RXR'S EMERGING SUB-MARKET STRATEGY RXRI 53 Alpha Group Capital Certain underserved markets targeted through RXR's Emerging Sub-market Strategy now qualify as QOZs; the Fund will identify QOZ investments through a carry- forward of RXR's existing strategy and experience • RXR's Emerging Submarket Strategy has been successfully executed in New York City's suburban downtowns and the outer boroughs in RXR's prior broadly marketed funds (see table on following page for RXR's ESM Strategy Investment Activity and Track Record) • RXR's Emerging Submarket Strategy has sought out communities :or I;71111778 : :All that, while facing historic challenges, possess a set of critical as int [HI WI till MI I *fedi** ''''' itat“. NIO i .1“. R a soss, underlying strengths: it IA dies se el gip pa Moil** 'masa... a - ' fi CIS IN A as • Transit-connectivity with New York City; " I !in OE to Al Mt Int to •• • wo. • Diverse populations; • Historic, architectural character and walkability; • Strong, collaborative municipal leadership • RXR believes the strategy creates new paths to prosperity for existing residents and RXR has observed that this attracts: • New populations, including millennials and empty-nesters seeking "urban lifestyles" at affordable price points not available in "prime" New York City, and • Retailers and businesses seeking these new populations as customers and employees Past performance is not indicative of future results. (R) Signifies renderings. RXR 17 of 75 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0069416 CONFIDENTIAL SDNY_GM_00215600 EFTA01374629