KCP Mid-Atlantic Ground Portfolio International, Ltd.

Ades is operating as a sole GP with no co-general partners and no detectable EDGAR history, which means this manager either operates below the $150M AUM SEC threshold, is newly registered, or has historically avoided public filings—the 06b exemption (pre-existing relationships only) is consistent with a tight LP base and relationship-driven sourcing model.

A mid-2026 filing for a mid-market ground portfolio in the Mid-Atlantic region aligns with stabilized industrial real estate valuations post-correction and potential LP reallocation back into core-plus property strategies after higher-yielding alternatives underperformed in 2025.

Verify whether this amendment reflects a fee or carry restructuring, a GP-led continuation into a successor fund, or a hard stop and wind-down—the absence of any prior Ades filing history means LP SAC materials and side letters become critical to understanding whether this is a new relationship or an existing commitment being amended.