Fiduciary standard.

As a registered investment adviser, TetraHomes owes its clients a fiduciary duty. This policy is designed to identify, mitigate, and disclose conflicts of interest.

Cross-fund transactions.

Transactions between TetraHomes-managed funds require valuation support and, where appropriate, approval by the affected LP advisory committees.

Co-investment.

Co-investment opportunities are allocated in accordance with a written allocation policy that reflects fund strategy, capacity, and the terms of applicable fund documents.

Related-party services.

Services provided by TetraHomes affiliates (such as in-house property management or in-house construction) are disclosed to LPs and are subject to arm's-length pricing standards.

Personal conflicts.

Employees must disclose personal conflicts and recuse themselves from decisions where a personal interest could impair independent judgment.

Advisory committees.

Each fund has an LP advisory committee empowered to review potential conflicts and provide consent where required by the LPA.

This policy is provided for informational and disclosure purposes. It may be amended from time to time. For the current version, contact [email protected].