Institutional Multifamily Partners LLC

Institutional Multifamily Partners LLC (“IMP”), (formerly known as Western Multifamily LLC), a discretionary equity co-investment joint venture between affiliates of GID and California Public Employees’ Retirement System (“CalPERS”), was formed in 2010 through the consolidating acquisition of three existing and separate multifamily investment portfolios. GID serves as portfolio and asset manager and through Windsor Property Management Company, its property management affiliate, as property manager. The co-investment limited partnership invests in multifamily real estate across the United States. The establishment of IMP continues and expands the successful relationship GID has enjoyed with CalPERS since 1998.