EFTA01374651

PIPELINE: THE HALL - BROOKLYN, NY • RXR is executing on a full floor-by-floor renovation of The Hall, at a budget of $92.6 million ($137 psf); the renovation encompasses full infrastructure replacement, new elevators, facade painting and restoration, new windows, and creation of dynamic retail spaces throughout the complex • RXR's strategy at The Hall focuses on community curation to enhance the overall experience for tenants, and developing partnerships with third-parties to promote tenant recruitment and integration of the site into the surrounding neighborhood 3 P., If li 3 si 11 • 31E/433E There is no guarantee that the Fund will be able to execute such investment, or identify or execute similar or substantially similar investments successfully, nor is there a guarantee that such investments will be profitable. Pictures are renderings. RXR 45 of 75 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0069444 SDNY_GM_00215628 EFTA01374651