Groundswell Real Estate

Groundswell targets opportunistic value creation and enhancement in Western U.S. and Sunbelt States
with favorable demographic trends. Our investment universe is not constrained by specific asset types
or geographic locations. Instead, Groundswell uncovers intrinsic value in undeveloped land or
underutilized improved properties and deploys appropriate levels of risk-adjusted capital and project
expertise to fully enhance the value of such properties.

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