Risk Factors for 1031 Exchanges

TIC, DST, UPREIT, Oil & Gas interests may be illiquid investments. Leveraged assets increase risks of foreclosure and loss of entire investment. TIC, DST, UPREIT, Oil & Gas investors could become liable for entire amount of debt if investor violates loan documents. Investors may have no control over day-to-day property management and lender may make it difficult to terminate under performing property managers. TIC, DST, UPREIT, Oil & Gas may require unanimous consent to sell property. The sponsor of a TIC, DST, UPREIT, Oil & Gas deal may receive substantial compensation up front. TIC, DST, UPREIT, Oil & Gas investments are generally not diversified investments, representing an investment in one property or a small number of properties. It is not possible to address all relevant risk factors in this forum. Risk factors are outlined in the Private Placement Memorandum for each offering. Investors should thoroughly understand all risk factors and discuss them with their financial representative prior to investing.