3612 Beverly Cove Way, Wilmington, NC 28412

NOTIFICATION OF PUBLIC DISPOSITION OF COLLATERAL

Date: Monday, August 31

Time: 10 a.m. (ET)

Please take notice that Hilco Global, on behalf of I&G Ansley Park Preferred Member I, LLC, a Delaware limited liability company (the “Secured Party”), offers for sale at public auction on August 31, 2026, at 10:00 a.m. (ET) in the offices of Jones Day, 250 Vesey Street, 34th Floor, New York, NY 10281 (remote access to the public sale will be made available to prospective purchasers on request), in connection with a Uniform Commercial Code sale, all of the limited liability company membership interests in (x) Arris Wilmington, LLC, a Delaware limited liability company and (y) Arris Wilmington II, LLC, a Delaware limited liability company (collectively, the “Ownership Interests”), which are the owners of the apartment complexes and related facilities commonly known as Ansley Park and located a 3612 Beverly Cove Way Wilmington, NC, 28412. The Ownership Interests are owned by Ansley Park JV, LLC, a Delaware limited liability company (the “Company” or the “Pledgor”).

The Secured Party previously made an investment in the Company in the original principal amount of $20,631,000 USD (the “Preferred Investment”). In connection with the Preferred Investment, the Pledgor granted to the Secured Party a first priority security interest in the Ownership Interests pursuant to that certain Limited Liability Company Agreement of Ansley Park JV, LLC, a Delaware limited liability company, dated as of July 13, 2022, by and between Arris Wilmington Holdings, LLC, a Delaware limited liability company, the Secured Party, and I&G Ansley Park Preferred Member II, LLC, a Delaware limited liability company (the “JV Agreement”). The Secured Party is offering the Ownership Interests for sale in connection with the foreclosure on the pledge of such Ownership Interests.

The sale of the Ownership Interests will be subject to all applicable third party consents (if any), including, without limitation, any applicable consents needed in respect of the Senior Loan Documents (as defined in the JV Agreement) (if any). Without limitation to the foregoing, please take notice that there are specific requirements for any potential successful bidder in connection with obtaining information and bidding on the Ownership Interests, including but not limited to, (1) that each bidder must comply with the restrictions applicable to the sale and transfer of the Ownership Interests under the Governing Agreements (as defined in the JV Agreement), and (2) that each bidder must deliver such documents and pay such amounts as required by the Governing Agreements and any other applicable governing documents relating to the Ownership Interests.

The Ownership Interests are being offered as a single lot, “as-is, where-is”, with no express or implied warranties, representations, statements or conditions of any kind made by the Secured Party or any person acting for or on behalf of the Secured Party, without any recourse whatsoever to the Secured Party or any other person acting for or on behalf of the Secured Party and each bidder must make its own inquiry regarding the Ownership Interests. The winning bidder shall be responsible for the payment of all transfer taxes, stamp duties and similar taxes incurred in connection with the purchase of the Ownership Interests.

The Secured Party reserves the right to credit bid, set a minimum reserve price, reject all bids (including without limitation any bid that it deems to have been made by a bidder that is unable to satisfy the requirements imposed by the Secured Party upon prospective bidders in connection with the sale or to whom in the Secured Party’s sole judgment a sale may not lawfully be made) and terminate or adjourn the sale to another time, without further notice. The Secured Party further reserves the right to restrict prospective bidders to those who will represent that they are purchasing the Ownership Interests for their own account for investment not with a view to the distribution or resale of such Ownership Interests, to verify that each certificate for the Ownership Interests to be sold bears a legend substantially to the effect that such interests have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be disposed of in violation of the provisions of the Securities Act and to impose such other limitations or conditions in connection with the sale of the Ownership Interests as the Secured Party deems necessary or advisable in order to comply with the Securities Act or any other applicable law.

All bids (other than credit bids of the Secured Party) must be for immediately available good funds, and the successful bidder must be prepared to deliver immediately available good funds within 24 hours after the sale and otherwise comply with the bidding requirements. Further information concerning the Ownership Interests, the requirements for obtaining information and bidding on the Ownership Interests and the Terms of Sale can be found at https://hilcorealestatesales.com/listings/?propertyId=ucc-auction-wilmington-nc.

For further information you may contact Jonathan Cuticelli, Hilco Global; Tel.: (203) 561-8737;

[email protected].

THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL, NOR THE SOLICITATION OF AN OFFER TO BUY, THE COLLATERAL TO OR FROM ANYONE IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS NOT AUTHORIZED.