Bill Fuhs

Versus Global Multi-Manager Real Estate Income Fund LLC is a non-diversified, closed-end investment company. The fund's investment objective is to seek consistent current income, capital preservation and long-term capital appreciation. It attempts to achieve this objective by allocating capital primarily among a select group of institutional asset managers with expertise investing in real estate and real estate-related assets and securities. The company was founded on March 10, 2011 and is headquartered in Greenwood Village, CO.

Versus Capital Multi-Manager Real Estate Income Fund LLC operates as a non-diversified, closed-end investment management company that is operated as an interval fund. Its primary investment objective is to seek consistent current income, while its secondary objectives are capital preservation and long-term capital appreciation. The fund is designed to serve as a core real estate holding and provides exposure to the capital structure of the asset class including private equity and debt and public equity and debt. It gains its exposures through investments with institutional private and public real estate managers. Versus Capital Multi-Manager Real Estate Income Fund was founded on December 9, 2011 and is headquartered in Denver, CO.

Versus Capital Advisors LLC (Versus Capital) is a registered investment advisor headquartered in Denver, Colorado. The firm was founded by Mark Qua, Casey Frazier and William Fuhs in 2007 as Welton Street Advisors LLC. In 2022, they became a subsidiary of Colliers International Group, Inc. (TSX: CIGI; NASDAQ: CIGI) in Canada. Versus Capital provides investment advice to the registered funds and to pooled income funds for the benefit of a single non-profit entity.

Versus Capital Real Assets Fund LLC operates as a closed-end investment fund. Its investment objective is to achieve long-term real returns through current income and long-term capital appreciation with low correlation to the broader public equity and debt markets. The company was founded on September 26, 2016 and is headquartered in Greenwood Village, CO.

Welton Street distributes alternative income solutions to broker/dealers, registered representatives and their investors. The company focuses on proven methods to generate income beyond the volatility of public markets. Investors have steadily increased their exposure to alternative investments in recent years. Recent events demonstrate why. Since the market meltdown and related 'flight to safety,' investors have placed a premium on income. Yet yields are low and demand will grow as baby boomers enter retirement. The company offer best in class solutions for clients seeking alternative sources of income capable of meeting their objectives.

Welton Street Holdings LLC operates as a managing broker, dealer, and distributor of Life Income Funds of America. The company was founded in 2004 and is located in Denver, CO

Merrill Lynch & Co., Inc. provided wealth management, securities trading and sales, corporate finance and investment banking services. Merrill Lynch was a global trader and underwriter of securities and derivatives across a range of asset classes and serve as a strategic advisor to governments, institutions and individuals worldwide. The company was founded in 1913 and was headquartered in Charlotte, NC.