July 2025 Vienna, VA - Meridian Investments, Inc. is pleased to announce the closing of R4 San Francisco Housing Partners, LP. R4 San Francisco Housing Partners, LP raised $63,200,000 investor equity and will acquire interest an affordable multi-family rental property located in the San Francisco, California. Each of the fund’s three investors invested in prior R4 offerings. When completed the project will result in the creation 425 much-needed affordable housing units. The closing of R4 San Francisco Housing Partners, LP increases R4 Capital’s affordable housing AUM to over $6.0 billion with over 130 investors. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

May 2025 Vienna, VA - Meridian Investments, Inc. is pleased to announce the closing of R4 California Housing Partners IX, LP. R4 California Housing Partners IX, LP raised $162,700,000 investor equity and will acquire interest in ten affordable multi-family rental properties located in the state of California. The closing of California HP IX represents the largest equity raise for a California only fund for R4 Capital, surpassing California HP VII’s 2022 investor equity close of $127,250,000. Eleven of the fund’s thirteen investors have invested in prior R4 offerings. When completed the ten identified projects will result in the creation and preservation of 654 affordable housing units across seven California counties. for families, seniors and families of special needs including survivors of domestic violence, those transitioning from developmental or other care centers, homeless youth or families in the child welfare program and permanent supportive housing for veterans at risk of homelessness and person with mental illness or at risk of homelessness. R4 California Housing Partners IX, LP is not only R4’s largest California on fund, but investor demand resulted in the fund being increased from the original $130,000,000 offering amount. The closing of R4 California Housing Partners VIII, LP increases R4 Capital’s affordable housing AUM to over $5.6 billion with over 130 investors. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

May 2025 Vienna, VA - Meridian Investments, Inc. is pleased to announce the final closing of R4 Housing Partners XXIII, LP. R4 Housing Partners XXIII, LP raised $286,500,000 of investor equity and will acquire interests in fourteen affordable multi-family rental properties located in eleven states: Arizona, California, Florida, Illinois, Maryland, Minnesota, Nevada, Oregon, Tennessee, Texas, and Washington. Seventeen corporations invested in the fund, of which fourteen have invested in prior R4 offerings. R4 Housing Partners XXIII will result in the creation and preservation of 2,286 affordable housing units for families and seniors. Units within the fund have set asides for extremely low-income households, families that have individuals with disabilities, single parents, or at risk of homeless individuals. Investor demand allowed for the R4 Housing Partners XXIII, LP equity raise to increase above its original $250,000,000 offering amount. The closing of R4 Housing Partners XXIII, LP increases R4 Capital’s LIHTC equity AUM to over $5.9 billion with over 130 investors. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

R4 Housing Partners XXII, LP

R4 Housing Partners XXI, LP

R4 California Housing Partners VIII, LP

R4 Housing Partners XX, LP

R4 San Jose Housing Partners II, LP

R4 Housing Partners XIX, LP

March 2022 Bethesda, MD - Meridian Investments, Inc. is pleased to announce the closing of R4 Housing Partners XVII, LP. R4 Housing Partners XVI, LP raised $261,800,000 of investor equity to date and will acquire interests in eighteen affordable multi-family rental properties located in fourteen states: Arkansas, California, Colorado, Florida, Georgia, Indiana, Kentucky, Louisiana, Maine, Michigan, Minnesota, New Mexico, Tennessee, and Virginia. Eighteen corporations invested in the fund. Eleven of the fund’s eighteen investors have invested in prior R4 offerings. When completed the seventeen identified projects will result in the creation and preservation of 2,123 affordable housing units for families, seniors, and homeless or formerly homeless individuals. At least eleven of the identified seventeen properties will provide various supportive services on-site to the residents at no additional cost. Supportive services to be provided will include adult education and literacy programs, employment assistance, afterschool programs for children including tutoring, health and nutrition programs, shuttle services, financial literacy assistance including homeownership and household budgeting programs. The closing of R4 Housing Partners XVII, LP increases R4 Capital’s affordable housing AUM to nearly $4.5 billion with over 100 investors. R4 Capital closed approximately $750 million in LIHTC investor equity for 2021. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

R4 California Housing Partners VII, LP

August 2021 Bethesda, MD - Meridian Investments, Inc. is pleased to announce the closing of R4 Miami Housing Partners II, LP. R4 Miami Housing Partners II, LP raised $80,375,000 of investor equity and will acquire interests in a 578-unit mixed-use apartment development located in Miami, FL. Four corporate investors participated in the closing, each of whom has invested in prior R4 offerings. When completed the project will provide 555 affordable housing units for seniors and 23 affordable rental units for families. This affordable housing project is located within a mixed-use development known as Block 55 at Sawyer’s Walk. The affordable rental units are part of the larger project comprised including retail, and a 925-space parking structure. The retail tenant roster will include Target, ALDI, Ross Dress for Less, Burlington Coat and Five Below. The closing of R4 Miami Housing Partners II LP increases R4 Capital’s affordable housing equity investments to over $4.0 billion from nearly 100 investors. Through August, R4 Capital has closed more than $525 million in LIHTC investments for 2021. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

July 2021 Bethesda, MD - Meridian Investments, Inc. is pleased to announce the closing of R4 Housing Partners XVI, LP. R4 Housing Partners XVI, LP raised $325,325,000 of investor equity and will acquire interests in twenty-three affordable multi-family rental properties located in sixteen states. Nineteen corporate investors participated in the fund. Thirteen of the fund’s nineteen investors have invested in prior R4 offerings. When completed the twenty-three projects will result in the creation and preservation of 2,582 affordable housing units for families, seniors, veterans, homeless or formerly homeless individuals, victims of domestic abuse, and persons with special needs. At least fifteen of the twenty-three properties will provide various supportive services on-site to the residents at no additional cost. Supportive services to be provided will include adult education and literacy programs, employment assistance, afterschool programs for children, health and nutrition programs, financial literacy assistance including homeownership and household budgeting programs. The closing of R4 Housing Partners XVI, LP increases R4 Capital’s affordable housing AUM to over $4.0 billion for approximately 100 investors. Through July, R4 Capital has closed more than $427 million in LIHTC investments for 2021. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

R4 Housing Partners XIV, LP Closing

April 2020 Bethesda, MD - Meridian Investments is pleased to announce the closing of the R4 Miami Housing Partners, LP. Four investors participated in the $23.3 million closing. Three of the four investors were repeat R4 investors. R4 Miami Housing Partners, LP is a single property LIHTC fund with the property located in Miami, FL. The property, Casa Devon, will undergo a substantial rehabilitation that will preserve 210 affordable housing units for seniors. April 2020 About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

April 2020 Bethesda, MD - Meridian Investments is pleased to announce the closing of the R4 San Jose Housing Partners, LP. Five investors participated in the $49.1 million closing. Four of the five investors were repeat R4 investors. R4 San Jose Housing Partners, LP is a single asset LIHTC fund with the property located in San Jose, CA. The property, Valley Palms, will undergo a substantial rehabilitation that will result in the preservation of 354 affordable housing units for families. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

December 2018 Bethesda, MD - Meridian Investments announced the closing of R4 Centennial Housing Partners, LP. Three investors participated in the $18 million closing of which all were new R4 investors. R4 Centennial Housing Partners, LP is a two property Colorado LIHTC fund with properties located in Adams and Denver counties. The portfolio currently consists of 241 Low Income Housing Tax Credit housing units including new construction and rehabilitation for families. R4 anticipates expanding the fund during the first quarter of 2019 when a third approximately $4.1 million Colorado property closes. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

October 2018 Bethesda, MD - Meridian Investments, Inc. is pleased to announce the closing of R4 Jacksonville Housing Partners, LP. R4 Jacksonville Housing Partners, LP will acquire interests in four affordable multi-family rental properties located in Jacksonville. When completed the four projects will result in the creation and preservation of 768 affordable housing units for families. Two existing corporate investors participated in the closing, which totaled approximately $41 million. R4 provided tax credit equity and tax- exempt bond financing to the four projects whose approximate development costs exceed $136 million. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.