Environmental, Social
and Governance

In recent years, sustainability has played an increasingly critical role in business practices across all industries. Environmental, social, and governance factors are among the types of information that have gained prominence for investors to consider when determining the sustainability and ethical impact of a company’s business. As a platform, our approach to ESG seeks to make a positive impact and consider all stakeholders and business partners.

Courtesy of Abel Bainnson Butz, LLP

Mack Real Estate Group
ESG Task Force Highlights

Established internal ESG Task Force in 2019

ESG Task Force comprises 6 key team members with functional experts across multiple business lines and verticals

Seek to consider all stakeholders and business partners in our approach to ESG

The ESG Task Force set out to
make a positive impact through its core objectives

Environmental

Measure controllable consumption and emissions; particularly when we have control of a property, seek to reduce its carbon footprint

Evaluate and integrate as appropriate sustainable practices, green building design, and smart technology into development and management of properties that we control

Evaluate utilization of clean and sustainable energy where applicable (including co-generation, solar, etc.)

Social

Foster a work environment of ongoing education and mentorship to build and maintain enduring relationships with MREG stakeholders

Attract, develop, and retain a strong, diverse, and inclusive workforce, focused on employee well-being, engagement, and development

Support local communities and surrounding neighborhoods through initiatives focused on health and wellness, arts and culture, and retail activation

Promote volunteerism and community service amongst MREG colleagues

Governance

Conduct ourselves with the highest standards of integrity, reinforced by the effective compliance, anti-corruption, ethical, and cybersecurity procedures and policies

Provide transparency to our stakeholders through regular updates on portfolio performance

+

AGREEMENT BETWEEN USERS OF THIS WEBSITE AND MACK REAL ESTATE GROUP

Introduction

This website, www.mackregroup.com ("Site"), is owned and operated by Mack Real Estate Capital Group LLC dba Mack Real Estate Group (together with its affiliated investment management entities, "MREG" or the "Firm"). This Site is intended to provide a brief introduction to the Firm. It is not intended to be a comprehensive source of information regarding the Firm’s business or investments. The Firm reserves the right, in its sole discretion, without any notice requirement, to modify the information and materials on this Site and to suspend and/or deny access to this Site for scheduled or unscheduled maintenance, upgrades, improvements, corrections or otherwise.

YOU MAY USE THIS SITE ONLY IF YOU AGREE TO THESE TERMS OF USE ("TERMS") WITHOUT LIMITATION OR QUALIFICATION. PLEASE READ THE TERMS CAREFULLY BEFORE CONTINUING. EACH TIME YOU ACCESS ANY PART OF THIS SITE, YOU WILL BE DEEMED TO HAVE READ, ACKNOWLEDGED AND ACCEPTED THE TERMS IN FULL, INCLUDING ANY MODIFICATIONS THERETO WHICH MREG MAY MAKE FROM TIME TO TIME WITHOUT PRIOR NOTICE BY AMENDING THIS PAGE. IF YOU DO NOT AGREE TO THESE TERMS (INCLUDING ANY MODIFICATIONS THERETO), YOU MUST DISCONTINUE YOUR USE OF THE SITE IMMEDIATELY. YOU SHOULD PERIODICALLY VISIT THIS PAGE TO REVIEW THE THEN CURRENT TERMS BY WHICH YOU ARE BOUND.

By using this Site, you represent and warrant that you have full authority and all rights necessary to accept these Terms and fully perform all of your obligations hereunder.

Limitation of Liability

Although MREG believes that the information contained on this Site is accurate at the time of publication, such information is provided on an "as is", "as available", "with all faults" basis, solely for general informational purposes, and may contain typographical errors or other inaccuracies. MREG does not assume any obligation to update or keep current the information contained within this Site unless otherwise required by law. If you are dissatisfied with any portion of this site, or with any of these Terms, your sole and exclusive remedy is to discontinue using this Site. Visitors who choose to access this site do so on their own initiative and at their own risk, and agree to assume responsibility for determining whether any legal or regulatory considerations limit their access to or use of information contained on this Site.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ALL INFORMATION, GRAPHICS, SOFTWARE, PRODUCTS AND SERVICES CONTAINED WITHIN THIS SITE ARE PROVIDED WITHOUT WARRANTY OR CONDITION OF ANY KIND. MREG EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, WITH REGARD THERETO INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT, SUITABILITY, TIMELINESS, ACCURACY OR COMPLETENESS. WITHOUT LIMITING THE FOREGOING, MREG DOES NOT WARRANT THE RELIABILITY OR AVAILABILITY OF THIS SITE OR THAT THE SITE IS VIRUS-FREE.

ACCORDINGLY, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL MREG AND/OR ITS AFFILIATES, OR THEIR RESPECTIVE PRINCIPALS, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR THIRD PARTY VENDORS BE LIABLE FOR OR HAVE ANY RESPONSIBILITY OF ANY KIND FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL OR CONSEQUENTIAL LOSS, LIABILITY, COST, CLAIM, EXPENSE OR OTHER DAMAGE WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH (I) THE USE OR PERFORMANCE OF THIS SITE OR ANY THIRD PARTY WEBSITES ACCESSIBLE THROUGH A LINK TO THIS SITE (INCLUDING WITHOUT LIMITATION THE INVESTOR LOG-IN SCREEN), (II) THE INTERCEPTION BY THIRD PARTIES OF ANY INFORMATION OR SERVICES MADE AVAILABLE THROUGH THIS SITE OR (III) A DELAY OR INABILITY TO USE THIS SITE, IN EACH CASE WHETHER BASED ON THEORIES OF CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, WHETHER OR NOT THE CIRCUMSTANCES GIVING RISE TO SUCH LOSS OR DAMAGE MAY HAVE BEEN WITHIN MREG’S CONTROL, EVEN IF MREG HAS BEEN ADVISED OF THE POSSIBILITY OF LOSS OR DAMAGE.

THE FOREGOING LIMITATION ON LIABILITY INCLUDES, WITHOUT LIMITATION, THE TRANSMISSION OF ANY VIRUSES WHICH MAY INFECT A SITE USER’S EQUIPMENT, FAILURE OF MECHANICAL OR ELECTRONIC EQUIPMENT OR COMMUNICATION LINES, TELEPHONE OR OTHER CONNECTIVITY PROBLEMS, UNAUTHORIZED ACCESS, THEFT, OPERATOR ERRORS OR COMPUTER MALFUNCTION. MREG CANNOT AND DOES NOT GUARANTEE CONTINUOUS, UNINTERRUPTED OR SECURE ACCESS TO THIS SITE.

No Offer Or Solicitation

The content contained on this Site is for general informational purposes only and is not intended to and does not in any way constitute an offer, solicitation or recommendation to purchase, subscribe to or sell any securities, other financial instruments or investments, advisory services or other products or services. Any such offer can be made only in jurisdictions where lawful and in compliance with applicable law and regulation. MREG does not intend to provide investment, legal or tax advice through this Site and does not represent that any securities or services discussed herein are suitable for any investor.

Linked Sites

MREG may provide links to certain websites operated by third parties who may or may not be affiliated with MREG. Should you leave this site via a link contained herein, you do so at your own risk. MREG is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided by third party vendors or any other third party on external web sites, whether such damages or losses are actual, alleged, consequential or punitive. The inclusion of any link to a third party website does not imply an affiliation, sponsorship, endorsement, approval, verification or monitoring of such website by MREG. You should be aware that the terms and conditions of such site and the site’s privacy policy may be different from those applicable to your use of this Site. Visitors to this Site agree not to display hyperlinks on their websites to any website owned or operated by MREG unless they have a written agreement with MREG governing such display.

Ownership of Materials

The content of this Site is the exclusive property of MREG, or in some cases a third party who has granted MREG the right to use certain content on the Site, and is protected by U.S. and international intellectual property laws. MREG, or the applicable third party owner, retains all right, title and interest (including copyrights, trademarks, patents, as well as any other intellectual property or other right) in all information

and content (including all text, data, graphics and logos) on this Site. Individual pages and/or sections of the Site may be printed for non-commercial personal or internal use only, and provided that such print outs retain all applicable copyright or other legends and notices. All users must not, without limitation, modify, copy, transmit, distribute, display, perform, reproduce, publish, license, frame, create derivative works from, transfer or otherwise use in any other way for commercial or public purposes in whole or in part any information, text, graphics, images, video clips, directories, databases, listings or software obtained from the Site without the prior written permission of MREG. Systematic retrieval of content from the Site to create or compile, directly or indirectly, a collection, compilation, database or directory (whether through robots, spiders, automatic devices or manual processes) or creating links to the Site without written permission from MREG is prohibited.

Nothing contained on this Site should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trademark displayed on the Site without the prior written permission of MREG or such other third party that may own the trademark displayed on this Site. Your use of the trademarks displayed on this Site, except as expressly provided herein, is strictly prohibited. MREG reserves all rights not expressly granted herein with respect to copyright and trademark ownership of all material on the Site. Notifications of claimed copyright infringement within this Site under United States copyright law should be sent to: Mack Real Estate Group, 60 Columbus Circle, 20th Floor, New York, NY 10023, Attention: Legal & Compliance; legal@mackregroup.com; +1 (212) 484-0050.

Unauthorized Use; Termination of Access

Unauthorized use of this Site including, without limitation, misuse of any information, is strictly prohibited. You may not use this Site in any manner that could damage, disable, overburden, or impair the Site or interfere with any other party’s use thereof or for any purpose that is unlawful or otherwise prohibited by these Terms. You may not attempt to gain unauthorized access to any computer networks affiliated with MREG or obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for through this Site. You agree that you will not engage in any activities related to this Site that are contrary to applicable laws or regulations. MREG reserves the right, in its sole discretion, to terminate any user’s access to this Site for any reason without notice.

International Use; Jurisdiction

This Site is maintained in the United States of America and MREG makes no representations that information or materials presented on the Site are appropriate for use in jurisdictions outside of the United States. Those who access the Site from outside of the United States do so at their own risk and are responsible for compliance with all local laws applicable to their use of the Site. Accessing the Site from locations where it is illegal is prohibited. The information and materials provided on the Site are not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject MREG to any additional registration, authorization or licensing requirement within such jurisdiction or country. Some products and services described in this Site may not be available in all jurisdictions or to all prospective investors.

Governing Law; Severability

These Terms are governed by, and shall be construed in accordance with, the laws of the State of New York. Any claim related to any dispute arising as a result of the Site or under these Terms and Conditions

of Use must be made before a state or federal court of competent jurisdiction located in New York County, New York and visitors of this Site hereby consent and submit to the personal jurisdiction of such courts for the purposes of any such dispute or action. Any cause of action you may have with respect to your use of this Site must be commenced within one (1) year after the claim or cause of action arises.

If any part of these Terms is determined to be invalid or unenforceable in any jurisdiction pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded solely in such jurisdiction by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of the agreement shall continue in effect. Any such finding shall not affect the validity, lawfulness or enforceability of the remainder of these Terms in that jurisdiction, nor shall it affect the validity, lawfulness or enforceability of these Terms in any other jurisdiction.

The failure of MREG to act with respect to a breach of these Terms by you or others does not constitute a waiver and will not limit MREG’s rights with respect to such breach or any subsequent breaches. These Terms constitute the entire agreement between MREG and you with respect to this Site and it supersedes all prior or contemporaneous communications, agreements and understandings between MREG and you with respect to the subject matter hereof. A printed version of these Terms of Use shall be admissible in judicial or administrative proceedings. Notwithstanding the foregoing, nothing contained in these Terms is intended to modify or amend any other written agreement you have with MREG ("Other Agreements") if any, that may currently be in effect. In the event of any inconsistency between these Terms and any Other Agreements, the relevant terms of the Other Agreements will govern.

Indemnification

As a condition of your use of the Site, you agree to indemnify and hold harmless MREG, its affiliates, and their respective principals, officers, directors, employees and agents from and against any and all claims, losses, liability, costs and expenses (including but not limited to attorney’s fees), as incurred, arising from or in connection with your use of the Site or information herein in breach of these Terms.