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Privacy Policy

NATIONAL REAL ESTATE ADVISORS, LLC

GENERAL PRIVACY NOTICE

Last Updated: April 2026

This Privacy Policy (“Policy”) explains how National Real Estate Advisors, LLC (“National”, “we”, or “us”) and, as applicable, our affiliate(s) (including National Real Estate Development, LLC) collect or use your personal information in relation to services, events, websites and applications that link to this Policy. This Privacy Notice relates to National, its applicable affiliates, and the private investment funds National advises.

A. Where do we obtain the personal information of individuals?

Information that you provide to us

We collect non-public personal information that you voluntarily provide to us when you express an interest in obtaining information about us or our products and services, when you participate in activities on related to these services, or otherwise when you contact us. For example, we obtain non-public personal information about clients/investors from our discussions with you and from documents you deliver to us, including subscription documents as well as in the course of processing withdrawal/redemption requests or any other changes in your investment.

Information automatically collected

When you visit our public website, we may automatically collect limited information, such as your Internet Protocol (IP) address and/or browser or device characteristics. This information is collected through cookies and similar technologies as described in our Cookies Policy.

B. What personal information do we collect?

The information we collect may include your name, address, e-mail address, social security number or tax identification number, bank or brokerage account numbers, financial situation, subscription commitments, withdrawals, transaction history and other personal information.

The information collected also includes device and usage information, such as your IP address, browser and device characteristics, operating system, language preferences, referring URLs, device name, country, location, information about how and when you use our website, and other technical information.

C. Who do we share personal information with?

National does not disclose non-public personal information about our clients/investors or former clients/investors to third parties other than as described below.

D. How do we use the personal information we collect?

We may use this information to provide services to you, to open an account for you, to process a transaction for you, including as is necessary in the course of making investments, processing subscriptions and withdrawals and otherwise administering our funds. In order to service your

account and effect your transactions we may provide your personal information to our affiliates and to third parties that assist us in servicing your account such as a fund administrator or custodian, and then only subject to customary undertakings of confidentiality. We do not maintain joint marketing arrangements with affiliates or third parties. We do not otherwise provide information about you to outside firms, organizations or individuals except to our attorneys, accountants and auditors as permitted or required by law or regulations or order of any court of competent jurisdiction or pursuant to any direction, request or requirement (whether or not having the force of law) of any central bank or any regulatory, tax or other government agency or body.

In addition, we may collect and/or provide aggregate statistics about our Web site and users to other parties. This information is primarily needed to maintain the security and operation of our website, and for our internal analytics and reporting purposes. When you view certain parts of the Web site, information may be stored on your computer. This information may be in the form of a “Cookie” or additional web tracking technology and will permit tailoring of the Web site to better match your interests and/or preferences. Please see our Cookies Policy for information about how we use cookies.

E. How do we keep the personal information we process safe?

We restrict access to non-public personal information about you to our employees who need to know that information to provide products or services to you. We maintain physical, electronic and procedural safeguards to protect your personal information.

Contact Us

If you have any questions regarding this Privacy Policy or our personal information processing practices, please reach out to dataprivacy@natadvisors.com.