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Effective August 1, 2026, Equity Multiple, Inc. granted a non-exclusive license to the EquityMultiple Platform and brand to Larson Acquisitions, LLC, a subsidiary of Larson Financial Holdings, LLC. Larson Capital Management, Larson’s commercial real estate subsidiary, is now the day-to-day operator of the platform. Equity Multiple, Inc. will begin operating under the name of its investment and asset management arm, EM Investment Partners. EM Investment Partners will continue to manage and service its existing investments.

• The EquityMultiple Platform — the website, the dashboard, and the account you log into. Larson Capital Management now operates it.
• EM Investment Partners — our investment and asset management business, which continues to manage and service the investments you hold. You may already recognize the name: the vehicles you are invested in are named EMIP entities on your subscription documents and K-1s.
• Equity Multiple, Inc. — the company that owns the Platform and brand and has licensed them to Larson. Same company, same owners. EM Investment Partners is a business name, not a new entity, and the management entities named in your fund documents are unchanged.

Larson Financial Holdings is a wealth platform with $10B in assets under advisement. It was founded in 2006, has over 200 advisors and offices in 30 states. When we speak about “Larson” in these FAQs, we mean Larson Financial Holdings and its subsidiaries. Larson Capital Management is the real estate subsidiary of Larson and has acquired real estate with approximately $2.5B in total project value.

No. Your investments have not been transferred. Their terms, fees, distributions, and tax reporting are unchanged, and they continue to be governed by the same offering documents.

No. There is nothing to sign and no account to re-paper. You can decide whether to opt out of future marketing.

No. Equity Multiple, Inc. remains owned by its existing shareholders. There has been no change in the ownership of the company. It continues to own the Platform and brand it has licensed, while Larson has the right to operate them. Your offering documents are unchanged.

Over 11 years, we learned that many investors want a more direct investment experience — the opportunity to invest alongside a sponsor that owns and manages the underlying real estate, rather than through an intermediary. This license makes that possible: new offerings on the Platform are sponsored and managed directly by Larson Capital Management, while your existing investments stay with the team that has always managed them.

No. This was a strategic decision about how best to operate and grow the Platform. EM Investment Partners continues to manage and service its existing investment vehicles.

For now, yes. Larson operates the Platform under the EquityMultiple brand under license. Any change to the Platform name would be Larson’s to make, and we would expect it to be communicated in advance.

Yes. We are hosting a session on September 25, 2026 at 5:00 p.m. covering this change and your existing investments, with Larson founder and CEO Paul Larson joining to introduce Larson. Questions can be submitted in advance at registration: Register here.

Equity Multiple, Inc., which will soon operate under the name EM Investment Partners, will continue to manage your existing investments. In most cases there is a third-party Sponsor responsible for the day-to-day operations of the specific property or properties, and in most cases they retain a third-party property management company. EM Investment Partners manages the relationship with the Sponsor, provides project updates within the Platform, and manages the flow of distributions to investors. Going forward, most investments on the Platform will be sponsored and managed by Larson Capital Management and EM Investment Partners will have no role. The manager of each offering is clearly disclosed in the offering documents.

You should have received a notice with specific information on Alpine Notes. Alpine Notes will continue to be offered on the Platform. As one of the most popular products on the EquityMultiple Platform, Equity Multiple, Inc. and Larson reached an agreement to continue providing it. You will continue to receive normal reporting, distributions and tax documents.

EM Investment Partners actively tracks the performance of each investment. We will continue to provide updates, typically on a quarterly basis, on the status of your investments. Your Activity Page shows updates for each investment, and your Portfolio Page provides up-to-date return information if the underlying investment is re-forecasted based on current performance.

Investors purchase restricted securities, which are highly illiquid due to the current lack of a secondary market. You should expect to hold the securities you purchase until they mature or there is a liquidation event. You may resell in private transactions subject to restrictions specific to each offering and under the Securities Act of 1933. Where a transfer is needed for estate planning purposes, we will work with you to see if it is possible.

Liquidity terms are set by each offering’s documents and are unchanged. This arrangement does not create a new exit right. There are no changes in how your existing investments are managed.

You will never be obligated to make an additional capital contribution. In some cases the Sponsor may have the legal right to request additional capital; there is no obligation to participate in a capital call, though declining may be dilutive or punitively (e.g., disproportionately) dilutive.

Most EM Investment Partners investments are typically structured for bankruptcy remoteness through a special purpose vehicle (SPV). Should the manager cease operations, a third-party manager would be selected to continue management of the investments on behalf of investors. EM Investment Partners expects to continue managing the existing portfolio through its life.

No. Custody arrangements are unchanged. Your investments are interests in specific real estate offerings governed by their own documents — they are not deposits, and they are not claims on the balance sheet of Equity Multiple, Inc. or of Larson.

Yes. Your full history remains in the same dashboard.

No. Your custodian relationship, entity registration, or trust registration is unchanged, and no action is required.

This arrangement does not change the structure of an investment you already hold. 1031 and DST treatment depends on the specific investment and your tax situation — consult your tax advisor.

These processes are unchanged. For a specific situation, contact us and we will walk you through it.

Your existing point of contact and process continue uninterrupted.

EM Advisor, LLC, an affiliate of Equity Multiple, Inc., serves as investment adviser to certain EquityMultiple investment vehicles. EM Advisor is an exempt reporting adviser with the Securities and Exchange Commission.

An exempt reporting adviser relies on an exemption from registration under the Investment Advisers Act but still files public reports with the Securities and Exchange Commission. Those filings are available through the SEC’s Investment Adviser Public Disclosure database.

EM Advisor’s advisory client is the investment vehicle, not the individual investors in it. Individual investors are not, and have never been, clients of the adviser. Your rights as an investor are set out in the governing documents for the vehicle you hold. Because the advisory client is the vehicle, no investor consent and no advisory-assignment notice applies to the license arrangement described in these FAQs.

Most new offerings will be sponsored and managed by Larson Capital Management or its affiliates. Each offering identifies its sponsor in its own documents. Select existing EM Investment Partners vehicles, particularly Alpine Notes, will continue to be available.

None. EM Investment Partners does not sponsor, select, underwrite, or manage offerings brought to the Platform by Larson, and does not provide recommendations or guidance related to Larson offerings. Review each offering’s own documents and disclosures before investing.

Our model has been to serve as an intermediary between investors and third-party owner-operators. Larson Capital Management sponsors offerings in real estate it owns and manages, supported by its own investment, asset management, accounting, and investor relations teams. Larson may also have partners in particular investments but the intent is a more direct investor-to-operator model.

No. They are the offerings available on the Platform going forward. You invest in what fits your goals, exactly as you do today.

Yes. All investors on the Platform need to be accredited.

When you sign up you self-certify that you are an accredited investor and indicate how you qualify. You are asked to re-confirm each time you invest; documentary evidence of financial status is not typically required.

Yes. You can create an account for your entity or trust by providing appropriate information and documentation through the Platform. An entity or trust must itself be an accredited investor. Joint accounts can also be set up through the Platform; the joint account holder electronically signs a limited power of attorney.

The Platform accepts funding from several self-directed IRA custodians. You can complete an IRA investment account from the My Accounts section of your investor portal.

Any person or entity with a U.S. tax identification number who meets the SEC’s definition of an accredited investor is eligible. While most investors are U.S. citizens, some are legal residents or foreign nationals who own or partially own an investing entity incorporated in the United States.

Funding can be completed online via secure ACH by linking an existing bank account, verified by confirming two micro-deposits. You can also transfer funds by check or wire.

Total indicated interest in each offering is displayed via the status bar on the Invest page. Once indicated interest exceeds the total allocation, the offering moves from Active to Waitlist. Investors who indicate interest while a deal is Active reserve their place and may fund up until the funding deadline. Investors who indicate interest in a waitlisted investment may be invited to participate if availability opens up.

Account setup takes five minutes or less. Creating an account does not obligate you to any further action.

Some offerings reopen for another opportunity to invest. This is mainly due to the way Alpine Notes work: Alpine Notes bridge capital into offerings at the time of closing and may subsequently offer this position to investors. In other cases, an investment may have capital needs over time. For example, in a development project, equity may be funded in multiple stages based on stage of construction.

Returns are distributed according to the schedule of each offering. For cash-flowing investments, distributions are typically quarterly, though select investments are monthly. For investors who funded via secure ACH, payments are direct-deposited into the payment account. Investors who paid offline can link an account to receive direct deposits, or opt to receive checks periodically subject to minimum thresholds.

Distribution timing typically depends on the nature of the underlying investment (i.e., equity vs debt) and when the investment begins cash-flowing. Equity investments typically distribute 60 days after the end of the quarter when there is sufficient distributable cash flow, based on the prior quarter results and anticipated future expenses. Fixed payment investments, such as debt and preferred equity, typically distribute within 45 days. Your Portfolio page shows the next expected payment date and expected exit date, both of which are subject to change based on underlying investment performance.

You will receive regular (typically quarterly) reporting on your investment from the investment manager. Project and distribution updates can be found on your Activity Page. Reporting is typically published within 75–90 days of quarter end. This allows time for preparation of financials, internal report deliveries and partner and vendor conversations. In cases in which the underlying investment is managed by a third-party Sponsor or JV Partner, the manager of your investment must receive their reporting materials before publishing its own, which in some cases can cause delay.

Investment managers strive to provide K-1s as soon as possible and in advance of the mid-April individual filer deadline. However, particularly in cases in which the investment manager is reliant on receiving a K-1 from the underlying investment Sponsor or JV Partner before issuing one, delays can occur. In some cases, estimates may be provided. We strive to provide transparency into where your tax documents stand and you can view the status of individual K-1s with the Tax Tracker tool.

Generally, you will receive a K-1 for equity investments and either a 1099 or K-1 for debt or preferred equity investments. Tax implications vary by offering type and you are strongly encouraged to consult your own tax advisors. In general, you may have to file state taxes for each state where you earned investment income, subject to the tax laws of that state.

Direct investment offerings are tied to an underlying real estate investment structured as common equity, preferred equity or debt. You participate by purchasing an interest in a managed LLC that in turn invests in the underlying property-owning entity or an affiliate; by purchasing a project payment dependent note, the proceeds of which are invested in the project; or directly into a sponsor-controlled special purpose vehicle. In any case, payment depends wholly on the issuer receiving distributions on the corresponding project investment. Fund structures vary by fund.

The manager of the investment vehicle controls the investment vehicle into which investors commit funds. Investors are generally passive, hold limited voting rights with respect to that vehicle, and hold no voting rights in the property owning entity.

As with any investment opportunity, these investments entail risk. Be sure to carefully read each offering and its investor documents to understand the investment’s specific risk factors. Investors are not liable for losses above their invested principal. Please refer to the Risk Disclosure section of the offering summary page and the Risk section of the investor packet.

Preferred equity investments often feature both. Current returns are expected to be paid periodically from the onset of the investment; accrued returns accumulate over time and are paid at exit.

Typically the PPM or Investment packet contains forecast information and a pro forma summary is included in the offering materials. Forecasts and actual results will vary based on performance.

Larson may participate in the investments offered on the Platform going forward. Consult the offering documents for offering specific information.

Yes. Equity Multiple, Inc. has licensed customer information to Larson — including your name, contact information, and information about your activity on the Platform. Larson may use that information to communicate with you and to offer you investment opportunities, products, and services.

We do not sell your personal information for money. Under some state privacy laws, sharing of this kind may be considered a “sale” or “sharing” of personal information, which is why we are giving you the choice below.

Email help@equitymultiple.com with the subject line Do Not Sell or Share My Personal Information. If we receive your request by October 15, 2026 we will apply it before Larson begins any outbound marketing communications to you. You may also make this request at any later time.

It directs us not to share your information with our business partners for their own marketing purposes, and directs Larson not to use your information to market to you. Larson operates the Platform, so it processes account information in order to provide the Platform to you — opting out does not change that. Opting out also does not affect your investments, your account, your access to the Platform, or the reporting and tax documents you receive from us.

Larson’s outreach to existing EquityMultiple investors will be by email. You may be asked to confirm your communication preferences going forward regarding Larson’s ability to contact by call or text.

Larson may use the information described above to communicate with you about investment opportunities, products, and services. You may opt out at any time using the method above.

Yes.

Email help@equitymultiple.com. We will respond within the timeframes described in the Privacy Policy, posted at https://equitymultiple.com/privacy.

In the near term, Simeon Nikov, on the investor relations team, will continue to be your point of contact for questions about your existing portfolio. All inquiries should be routed to ir@equitymultiple.com. We are setting up a dedicated inbox for existing-portfolio questions, which the relevant asset managers and accountants will answer directly; we will share it when it is live.

You can continue to use the chat feature on EquityMultiple.com or utilize ir@equitymultiple.com. Simeon Nikov, on the investor relations team, will assist with getting answers for you. Over time you will be introduced to members of Larson Capital Management’s investor relations team.

Yes. Key personnel who operate the Platform, particularly in technology and marketing, have accepted roles with Larson. Equity Multiple, Inc. is now more narrowly focused on its existing portfolio and is reshaping its team to reflect that focus. Henry Kwong continues to lead asset management for all EM Investment Partners vehicles and Charles Clinton remains the CEO. Larson brings a large team of professionals, a portion of which will be introduced to members of the EquityMultiple Platform in time.

Email ir@equitymultiple.com, or message us through your investor dashboard. We will add answers as questions come in.