This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can only be made by the confidential private placement memorandum (“PPM”). The materials and information contained herein are investment objectives of the Company and there is not guarantee these objectives will be met. All prospective investors must certify that they are accredited investors, suitable for this type of investment, and must acknowledge that they have received and read the PPM. The direct or indirect purchase of real property involves significant risks, including market risks and risks specific to a give property.
There are material risks associated with this investment including, but not limited to, the following:
- No certainty of profits
- Risk related to sale of land
- Distributions will vary and will depend upon property sales
- Significant limitations on your ability to sell or transfer interests
- Environmental liabilities
- Risk of local economic downturn
- Past performance is not indicative of future results
- Risks related to ownership of real estate
- Fluctuations in the value of our assets
- Limited liquidity
- Loss of part or ALL of investment capital
- Risks associated with leverage
- Risks associated with property operations
Investor Suitability
To be eligible, one must be an accredited investor, which is defined (by the Securities and Exchange Commission) as:
- a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase; or
- a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
- a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes; or
- an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million; or
- a bank, insurance company, registered investment company, business development company, or small business investment company; or
- a charitable organization, corporation, or partnership with assets exceeding $5 million; or
- a director, executive officer, or general partner of the company selling the securities; or
- a business in which all the equity owners are accredited investors.
Additional eligibility requirements may vary by state.
