FOR IMMEDIATE RELEASE

Thackeray Partners Completes Management Buyout, Returns to Fully Independent Investment Firm

Dallas, Texas — November 14, 2025 — Thackeray Partners (“Thackeray”), a real estate investment management firm established in 2005, today announced that its leadership team, led by Rob Bennett and Joe Chu, has completed a management-led buyout, reestablishing Thackeray as a fully independent, management-owned enterprise. Thackeray has a distinguished track record of executing attractive investments in the rental housing and industrial asset classes for over 20 years. To date, the firm has closed or committed to transactions totaling over $6.7 billion, representing over 29,000 rental housing units and nearly 24 million square feet of industrial space. Thackeray will remain headquartered in Dallas and Co-Managing Partners, Rob Bennett and Joe Chu, will oversee the Thackeray business. The transaction represents the next step in the firm’s evolution, allowing Thackeray to continue executing its established investment strategy across U.S. growth markets and to build on the legacy established by its original co-founders, Tony Dona and Mary Hager. In returning to an independent firm, Thackeray maintains strong alignment with its investment partners and continues to move quickly to capitalize on opportunities to maximize value for those partners.

About Thackeray Partners

Thackeray is a Dallas-based real estate investment firm that seeks to acquire and invest in a diversified portfolio primarily of rental housing and industrial assets that provide recurring current income distributions and capital appreciation. Thackeray was established in January 2005 by co-founders, Mary Hager and Tony Dona who guided the firm through the first six funds. Rob Bennett and Joe Chu, who both joined Thackeray in 2007 and have served on the senior leadership team since 2010, take ownership and co-manage the business as it returns to being fully independent. Since its inception, Thackeray has closed or committed to transactions totaling over $6.7 billion, representing equity placements of approximately $1.6 billion since its inception. The firm’s total investment activity includes more than 250 separate transactions representing over 29,000 apartment units and nearly 24 million square feet of industrial space. Thackeray is committed to delivering long-term value for its partners through disciplined investment selection and active asset management.