March 2022 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. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981, has completed approximately $25 Billion in equity placements to over 175 institutional investors. Meridian, a provider of placement agency services for the primary and secondary LIHTC market, as well as the renewable and alternative energy tax credit equity market, has offices in Boston, Washington, D.C., Atlanta, Chicago, and Louisville. https://www.meridiancompaniesllc.com

August 11, 2021 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. R4 Capital’s subsidiary, R4 Capital Funding, provided approximately $200 million of construction to permanent tax-exempt debt financing for the project. Since 2016, R4 Capital Funding has originated and services on behalf of investors more than $1.9 billion of tax-exempt multi-family debt, which has resulted in the construction and preservation of over 13,700 units of affordable housing across 21 states and the District of Columbia. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981, has completed approximately $25 Billion in equity placements to over 175 institutional investors. Meridian, a leader in primary and secondary LIHTC transactions and renewable and alternative energy tax credit equity, has offices in Boston, Washington, D.C., Atlanta, Chicago, and Louisville. https://www.meridiancompaniesllc.com

July 22, 2021 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. Meridian Investments, Inc., a FINRA registered broker dealer founded in 1981, has completed approximately $25 Billion in equity placements to over 175 institutional investors. Meridian, a leader in primary and secondary LIHTC transactions and renewable and alternative energy tax credit equity, has offices in Boston, Washington, D.C., Atlanta, Chicago, and Louisville. https://www.meridiancompaniesllc.com

Meridian Investments, Inc. is pleased to announce the closing of R4 Housing Partners XIV, LP. R4 Housing Partners XIV, LP raised $257.5 million of investor equity and will acquire interests in twenty-eight affordable multi-family rental properties located in fifteen states and the Commonwealth of Puerto Rico. Eleven corporate investors participated in the closing. When completed the twenty-eight projects will result in the creation and preservation of 2,758 affordable housing units for families and seniors. The closing of R4 Housing Partners XIV, LP increases R4 Capital’s affordable housing financings to approximately $4.6 billion from 88 investors. Meridian Investments, Inc., a FINRA registered broker dealer and founded in 1981, has completed approximately $23 Billion in equity placements to over 175 institutional investors. Meridian, a leader in primary and secondary LIHTC transactions and renewable and alternative energy tax credit equity, has offices in Boston, MA, Washington, D.C. and Atlanta, Georgia. https://www.meridiancompaniesllc.com

April 10, 2020 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 15, 2020 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. .

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

Meridian Investments announced the $152 million initial closing of R4 Housing Partners X, LP. Eight investors participated in the closing of which five were new R4 investors. The balance of the fund will close early in 2019. R4 Housing Partners X, LP is a nineteen property multi-family LIHTC Fund diversified across fourteen states and the Commonwealth of Puerto Rico. The portfolio consists of 2,880 Low Income Housing Tax Credit housing units including new construction and rehabilitation for seniors and families.

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.