When you invest, you hold an ownership interest in the relevant legal entity, either a Series LLC for individual properties or the Fund entity for the Real Estate Fund.

Across both structures, investors generally have the right to:

• Participate economically in the investment, including receiving distributions when declared
• Receive periodic financial reports and material updates
• Share in proceeds when a property is sold or, in the case of the Fund, upon redemption or liquidation

Investors do not manage day‑to‑day operations or make property‑level decisions. Any voting or governance rights are limited and defined in the governing agreements.