Quarterly Updates

The Company will provide regular quarterly updates to our investors on real estate purchased and the status of each project. Our updates are available at the links below and will include the following:

- A list of top contributors based on YTD performance and measured as a percentage of total net assets.

- A list of top detractors based on YTD performance and measured as a percentage of total net assets.

- Market overview describing general conditions and factors that may be considered to affect, whether positively or negatively, the performance of real estate assets during the previous quarter.

- Statement of Performance Highlights describing actual investment returns measured against projected investment returns, as well as a list of contributors to, and detractors from, overall performance.

- Statement of Positioning and Outlook describing the strategic actions taken by the Company in response to market conditions, both historical and projected as described by the market overview, and in response to the performance of Company holdings.

- Investment Results stated in the form of average annual total returns (%) and dated to coincide with the date of issuance of the quarterly report.

- Summary of Expense Ratios for each holding.

- Statement of Risk.