February 2026 Vienna, VA - Meridian Investments, Inc. is pleased to announce the closing of R4 Housing Partners XXV LP. R4 Housing Partners XXV LP raised $371,000,000 of investor equity commitments and will acquire interests in seventeen affordable multi-family rental properties located in ten states: California, Florida, Indiana, Kentucky, Maryland, Minnesota, Ohio, South Carolina, Texas, and Washington. Fifteen corporations have invested in the fund. Thirteen of the fifteen investors have invested in prior R4 offerings. R4 Housing Partners XXV HP will result in the creation and preservation of 2,426 affordable housing units for families and seniors. Investor demand allowed for R4 Housing Partners XXV LP equity raise to increase above its original $275,000,000 offering amount. As a result of investor demand, four properties were added to the fund increasing the affordable units created or preserved by an additional 442 units. The closing of R4 Housing Partners XXIV, LP increases R4 Capital’s LIHTC equity AUM to over $6.8 billion with over 140 investors. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

December 2025 Vienna, VA - Meridian Investments, Inc. is pleased to announce the final closing of R4 Housing Partners XXIV LP. R4 Housing Partners XXIV LP raised $344,000,000 of investor equity and will acquire interests in eighteen affordable multi-family rental properties located in sixteen states: Connecticut, Florida, Illinois, Maryland, Maine, Michigan, New Jersey, New Mexico, North Carolina, Ohio, South Dakota, Tennessee, Texas, Virginia, Washington and Wisconsin. Twelve corporations invested in the fund. Ten of the twelve investors have invested in prior R4 offerings. R4 Housing Partners XXIV will result in the creation and preservation of 2,711 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 XXIV LP equity raise to increase above its original $305,000,000 offering amount. The closing of R4 Housing Partners XXIV LP increases R4 Capital’s LIHTC equity AUM to over $6.3 billion with over 140 investors. About Meridian Investments, Inc. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981.

831 Water Street

R4 San Francisco Housing Partners LP

R4 California Housing Partners IX LP

R4 Housing Partners XXIII LP

R4 Housing Partners XXII LP

R4 San Bruno Housing Partners LP

R4 Housing Partners XXI LP

R4 California Housing Partners VIII LP

R4 San Jose Housing Partners II LP

R4 Housing Partners XX LP

R4 Housing Partners XIX LP

R4 California Housing Partners VII LP

R4 Housing Partners XVIII LP

R4 Housing Partners XVII 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.

R4 Housing Partners XVI LP

R4 Housing Partners XIV LP Closing

R4 Miami Housing Partners LP

R4 San Jose Housing Partners LP

R4 Metro Housing Partners LP

R4 Centennial Housing Partners LP