Woodbourne Investment Management LLC

Woodbourne Investment Management LLC is a Delaware limited liability corporation established in February 2000, primarily owned by Jeffrey "TJ" Heyman. The firm specializes in providing discretionary investment advice to a private investment fund focused on real estate-related securities. Clients are high net worth individuals and institutional investors meeting specific qualifications. Woodbourne does not participate in wrap fee programs and manages approximately $5,060,000 on a discretionary basis as of December 31, 2023. The firm charges a non-negotiable management fee deducted quarterly from client accounts. Clients bear expenses related to account operations, trading costs, and may have capital allocated to money market funds or other investments. Woodbourne does not receive performance-based fees and follows documented procedures to mitigate conflicts of interest. The firm's investment strategy aims to preserve capital and generate positive returns through real estate-related securities, acknowledging associated risks such as liquidity and market fluctuations. Woodbourne exercises investment discretion, reviews client portfolios monthly, and has voting discretion over client securities. The firm maintains custody of client assets with qualified custodians and is financially stable with no impairments to meeting contractual commitments. Woodbourne Investment Management LLC acts as a fiduciary, placing clients' interests ahead of the firm's and related parties'.