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This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering may only be made only by a Private Placement Memorandum, to which this Executive Summary is attached as an Exhibit. You should read the Private Placement Memorandum (including each of its Exhibits) in their entirety in order to understand fully all of the implications and risks of the offering of securities to which it relates. An investment in the Property should be made only after careful review of the Private Placement Memorandum.

This Executive Summary includes forecasts, projections, and other predictive statements based on assumptions and expectations made by the Manager in light of currently available information, historical property performance, industry trends, market conditions and information provided by the seller. The Property’s actual performance may differ from these projections based on factors outside of the Manager’s control. Moreover, past performance is no guarantee of future results, therefore no guarantee is presented or implied as to the accuracy of specific forecasts, projections, or predictive statements contained herein.