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TLP REIT: Master Feeder Fund Structure

TPL REIT is created under Master-Feeder Fund structure, in which the international investors will have the opportunity to invest in TPL REIT through investments in one or more off-shore feeder funds (the “International Feeder Fund”).  The International Feeder Fund will allow international investors to invest in TPL REIT through a regulated tax efficient vehicle. The International Feeder Fund will be established in one or more offshore jurisdictions and managed through TPL Investment – a subsidiary of TPL RMC and foreign asset management company established in Abu Dhabi Global Market (“ADGM”).  See Prospectus