Spire Multifamily Value I (USD) First Cl - Managed Fund

The objective of the Spire Multifamily Value I (USD) First Cl managed fund is The Underlying Fund will seek to achieve a gross internal rate of return of 14% to 17% (11% to 13%, net of fund expenses, fees, and Cortland Enhanced Value Fund V GP LLC’s (the General Partner) Carried Interest, as defined below) on a leveraged basis, through making investments in equity, debt, and other interests in, or relating to, multifamily real estate in the United States

The strategy of the Spire Multifamily Value I (USD) First Cl managed fund is The Underlying Fund will seek to achieve a gross internal rate of return of 14% to 17% (11% to 13%, net of fund expenses, fees, and Cortland Enhanced Value Fund V GP LLC’s (the General Partner) Carried Interest, as defined below) on a leveraged basis, through making investments in equity, debt, and other interests in, or relating to, multifamily real estate in the United States

The APIR code of the Spire Multifamily Value I (USD) First Cl managed fund is SPI7427AU.

Spire Multifamily Value I (USD) First Cl’s total return last month was -%. This was made up of a growth return of -5.26% and an income return of -%. These returns were calculated as at 31 Dec 2025.

Spire Multifamily Value I (USD) First Cl’s total return for the last three months was -5.26%. This was made up of a growth return of -5.26% and an income return of 0%%. These returns were calculated as at 31 Dec 2025.

Spire Multifamily Value I (USD) First Cl’s one-year total return is -8.4%. This was made up of a growth return of -8.4% and an income return of 0%. These returns were calculated as at 31 Dec 2025.

Spire Multifamily Value I (USD) First Cl’s one-year total return is -15.99%. This was made up of a growth return of -15.99% and an income return of 0%. These returns were calculated as at 31 Dec 2025.

The asset allocation of the Spire Multifamily Value I (USD) First Cl managed fund is :

The Responsible Entity for the Spire Multifamily Value I (USD) First Cl managed fund is Spire Capital Pty Ltd.

The Spire Multifamily Value I (USD) First Cl managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at 31 Dec 2025, the size of the Spire Multifamily Value I (USD) First Cl managed fund was $16.11 million.

The Spire Multifamily Value I (USD) First Cl managed fund has an inception date of 1 Jul 2020.

The current entry price of the Spire Multifamily Value I (USD) First Cl managed fund is $0.7774 per unit and the current exit price is $0.7774 per unit (as at 31 Dec 2025).

The current exit price of the Spire Multifamily Value I (USD) First Cl managed fund is $0.7774 per unit and the current entry price is $0.7774 per unit (as at 31 Dec 2025).

The minimum initial investment amount for the Spire Multifamily Value I (USD) First Cl managed fund is $500,000. Minimum additional investment is $250000.