EFTA01374632

IMPACT INVESTMENT STRATEGY It is through RXR's collaborative spirit, and ability to build relationships and trust, that RXR further recognizes the need for thoughtful and responsible development in order to bring transformative projects to fruition in QOZs in the New York Metropolitan area and beyond. It is RXR's corporate philosophy of, "doing good and doing well," by which RXR endeavors to expand its investment strategy to QOZs, to incorporate the needs of communities and relevant stakeholders into its approach and to create a dynamic where all parties are aligned to achieve a winning outcome for the community. (R) Signifies a rendering • RXR will the target RXR will ' P.- - the impact relevant to the investment impact over the life of the investment RXR 53 Alpha Group Capital RXR will regularly REPORT on impact investment measurement RXR 21 of 75 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0069420 SDNY_GM_002 15604 EFTA01374632