This does not constitute an offer to buy or sell any security. Securities may be offered only through a Private Placement Memorandum (the "PPM"). Investments in securities are not suitable for all investors. Investment in this or any security may involve a high degree of risk and investors should review all “Risk Factors” in the PPM before investing. In addition, investors should perform their own due diligence before considering any investment. Neither the Securities and Exchange Commission nor any other state or federal regulatory agency has reviewed this offering or passed upon the merits of or given its approval to any securities offered or the terms of this offering. Past performance and/or forward looking statements are never an assurance of future results.  Investments in real estate are subject to known and unknown risks, uncertainties and other factors, and should be considered only by sophisticated investors who can bear the economic risk of their investment for an indefinite period and who can afford to sustain a total loss of their investment. 

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