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The content contained in this webpage pertains to the Thompson Thrift 2025 Multifamily Development, LP (2025 Partnership) and is solely intended for the consumption of Thompson Thrift Investment Partners and Accredited Investors and should not be quoted or relied upon by any outside parties including media outlets. Purchased interest in the 2025 Partnership is solely offered to Accredited Investors pursuant to the Offering Memorandum and related documents and is subject to the disclaimers and Risk Factors contained therein. This is not a solicitation or an offer to buy or sell any security or other instrument. This summary presentation is being provided to you solely for your information and discussion. This is not a legal document, and the summarized terms herein do not encompass all relevant, detailed terms of the 2025 Partnership. Information contained within may change without notice. Nothing herein constitutes investment, legal, accounting, or tax advice, or that any investment is suitable or appropriate to your individual circumstances or otherwise constitutes a personal recommendation to you. Past performance is not indicative of future results. Accordingly, actual realized values of unrealized investments may differ materially from the potential values indicated herein. This presentation contains opinions and views that are subject to interpretation and should not be relied upon as fact. Information contained within the written or video market outlook content may change without notice. Securities offered through North Capital Private Securities Corporation, member FINRA and SIPC. Private investments are speculative, illiquid and carry the risk of complete loss. Other risks may include, but are not limited to, potential blind pool risks, environmental risks, property management risks and competition risks.