Contract analysis

1. Fairwater Real Estate Investment Trust — Certificate of Status (Good Standing) issued by the Maryland State Department of Assessments and Taxation, dated December 20, 2025. (SDAT ID: D19847321)

2. Fairwater HP Manager, LLC — Certificate of Status (Good Standing) issued by the Maryland State Department of Assessments and Taxation, dated December 20, 2025. (EIN: 52-2201889)

3. Harbor Point Development JV, LLC — Certificate of Good Standing issued by the Secretary of State of the State of Delaware, dated December 19, 2025. (EIN: 84-6213950, application pending) Note: Original certificates are attached behind this cover page. Each certificate is dated within thirty (30) days of the Signing Date (January 12, 2026), as required by the Transaction Documents. EXHIBIT D ORGANIZATIONAL DOCUMENT

1. Declaration of Trust of Fairwater Real Estate Investment Trust — Relevant excerpts of the Declaration of Trust of Fairwater Real Estate Investment Trust, as amended and restated through the date hereof, including (a) Article I (Name and Definitions), (b) Article III (Board of Trustees — Powers and Authority), (c) Article V (Shares of Beneficial Interest), and (d) Article IX (Amendment Provisions). The full Declara

2. Operating Agreement of Fairwater HP Manager, LLC — Operating Agreement of Fairwater HP Manager, LLC, a Maryland limited liability company, dated November 14, 2025, by Fairwater Real Estate Investment Trust as the sole member.

3. Certificate of Formation of Fairwater HP Manager, LLC — Articles of Organization of Fairwater HP Manager, LLC filed with the Maryland State Department of Assessments and Taxation on November 14, 2025. Note: Original or certified copies of each of the foregoing documents are attached behind this cover page. In the event of any conflict between the excerpts attached hereto and the full text of any organizational doc