Greystar Equity Partners XI (May-23)

ADDITIONAL DISCLAIMERS Actual realized returns on unrealized investments and proceeds will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which any projections listed herein are based. Portfolio targets, projected exposures, performance and characteristics are provided for informational purposes only; while such projections and targets are believed to be reasonable approximations by Greystar based upon available information, no guarantee or assurance can be provided as to their accuracy. Consequently, the inclusion of the projections herein should not be regarded as any representation by the strategy, Greystar or their respective affiliates that the projections will be achieved. Unless otherwise set forth herein, all statements and information in this presentation are made as of publication date. Greystar shall not have any obligation or undertaking to disseminate any updates or revisions to any information contained in this presentation. Certain information contained herein has been obtained from third parties and has not been independently verified by Greystar. This presentation includes forward-looking statements. All statements that are not historical facts are forward-looking statements, including any statements that relate to future market conditions, results, operations, strategies or other future conditions or developments and any statements regarding objectives, opportunities, positioning or prospects. Forward-looking statements are necessarily based upon speculation, expectations, estimates and assumptions that are inherently unreliable and subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are not a promise or guarantee of future events. Certain information in this document has been obtained from sources believed to be reliable as of the date presented; however, Greystar has not verified and cannot guarantee the accuracy of such information, assure its completeness or warrant such information will not be changed. The information contained herein is current as of the date of issuance (or such earlier date as referenced herein) and is subject to change without notice. Greystar has no obligation to update any or all such information; nor does Greystar make any express or implied warranties or representations as to its completeness or accuracy. Any information presented regarding the affiliates of Greystar is presented purely to facilitate an organizational overview and is not a solicitation on behalf of any affiliate. These materials are not intended as an offer or solicitation with respect to the purchase or sale of any investment instrument or any investment management services. These materials do not constitute investment advice and should not be used as the basis for any investment decision. All performance and targets contained herein are subject to revision by Greystar and are provided solely as a guide to current expectations. There can be no assurance that any product or strategy described herein will achieve any targets or that there will be any return of capital. Past performance is not a guarantee or a reliable indicator of future results. No representations are made by Greystar as to the actual composition or performance of any investment. The gross performance results and/or projections set forth herein do not reflect the deduction of applicable management, performance-based and/or other fees and expenses. Please be advised that your returns will be reduced by such fees and other expenses applicable with respect to an investment in these strategies. A detailed description of the fees and expenses applicable to these strategies will be provided to each investor and is otherwise available upon request. Net returns include the deduction of fees, incentive compensation, expenses and commissions. Net returns reflect the receipt of any operating income and other earnings. The performance returns presented may be materially different than the results that investors in the prior strategies will obtain at the termination of the prior strategy. Past performance is no indication of future results. Inherent in any investment is the potential for loss.

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