Kipling Capital Inc.

STATEMENT OF QUALIFICATION

All information included herein is not intended to be, and should not be construed as, an offer or a solicitation of an offer of securities of any kind. Any such offer or solicitation will be made only after one has been qualified and has received a confidential private offering memorandum relating to a particular investment. Access to information about our investments is limited to investors who qualify as accredited investors within the meaning of the Securities Act of 1933, as amended.

Investments in real estate, real estate-related products, private equity funds, and other alternative investments (collectively, "Alternative Investments") involve a high degree of risk and often engage in leverage and other speculative investment practices that may increase the risk of investment loss. Alternative Investments may be highly illiquid, may not be required to provide periodic pricing or valuation information to investors, may involve complex tax structures that could result in delays in distributing tax information, may not be subject to the same regulatory requirements as public securities, may charge fees which could offset any profits and the underlying investments may not be transparent and may be known only to the investment manager. Alternative Investment performance can be volatile and an investor could lose all or a substantial amount of his or her investment. There is often no secondary market for Alternative Investment interests and there may be restrictions on transferring interests in such Alternative Investments. Further, investing in foreign markets may entail risks that differ from those associated with investments in U.S. markets. The past performance of Alternative Investments is not indicative of future results.

Information appearing on this website is provided for general informational purposes only. Kipling Capital, Inc makes no representations or warranties as to the accuracy or completeness of documentation provided by an offering's manager/sponsor or information gathered pertaining to an offering and/or the offering's manager/sponsor. Kipling Capital shall not have any liability for any representations made by managers/sponsors or for any statements appearing on this website. Investors should make their own inquiries with regards to an individual investment and consult with their own advisors regarding the appropriateness of an offering and related legal, tax and regulatory matters. In making investment decisions, investors must rely on their own examinations including merits and risks involved.

— Kipling Capital, Inc.