Important Notice

This material is issued and has been prepared by BAU Advisors LLC (BAU)*.

This material is produced for information purposes only and does not constitute:

1. an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever or

2. any investment advice.

This material makes reference to certain financial instruments (the “Financial Instrument(s)”) authorized and regulated in its/ their jurisdiction(s) of incorporation. No action has been taken which would permit the public offering of the Financial Instrument(s) in any other jurisdiction, except as indicated in the most recent prospectus, offering document or any other information material, as applicable, of the relevant Financial Instrument(s) where such action would be required, in particular, in the United States, to US persons (as such term is defined in Regulation S of the United States Securities Act of 1933 (the “Securities Act”). These Financial Instruments have not been and will not be registered under the Securities Act, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act. The terms United States and U.S. persons used in this paragraph have the meanings given to them by Regulation under the Securities Act. Prior to any subscription in a country in which such Financial Instrument(s) is/are registered, investors should verify any legal constraints or restrictions there may be in connection with the subscription, purchase, possession or sale of the Financial Instrument(s). Investors considering subscribing for the Financial Instrument(s) should read carefully the most recent prospectus, offering document or other information material and consult the Financial Instrument(s)’ most recent financial reports. The prospectus, offering document or other information of the Financial Instrument(s) are available from your local BAU correspondents, if any, or from the entities marketing the Financial Instrument(s). Opinions included in this material constitute the sole opinion of BAU at the time specified and may be subject to change without notice. BAU is not obliged to update or alter the information or opinions contained within this material. Investors should consult their own legal and tax advisors in respect of legal, accounting, domicile and tax advice prior to investing in the Financial Instrument(s) in order to make an independent determination of the suitability and consequences of an investment therein, if permitted. Please note that different types of investments, if contained within this material, involve varying degrees of risk and there can be no assurance that any specific investment may either be suitable, appropriate or profitable for a client or prospective client’s investment portfolio. Given the economic and market risks, there can be no assurance that the Financial Instrument(s) will achieve its/their investment objectives. Returns may be affected by, amongst other things, investment strategies or objectives of the Financial Instrument(s) and material market and economic conditions, including interest rates, market terms and general market conditions. The different strategies applied to the Financial Instruments may have a significant effect on the results portrayed in this material. Past performance is not a guide to future performance and the value of the investments in Financial Instrument(s) may go down as well as up. Investors may not get back the amount they originally invested. The performance data, as applicable, reflected in this material, do not take into account the commissions, costs incurred on the issue and redemption and taxes.

• BAU Advisors LLC is a limited liability company incorporated in the state of Florida under No. L15000085409 and an SEC regulated investment adviser, having its principal address at 1200 Brickell Ave - Suite 1950, Miami, FL 33131, United States .

Confidentiality and Disclosure

IMPORTANT - By attending and/or receiving this presentation you agree to the following terms

Confidential Information

The reproduction of this presentation in whole or in part is prohibited. You are not permitted to make this document or the information contained herein and/or the information provided to you during the course of this presentation available to any third parties.

Preliminary, Selective Information

Only this presentation is being provided to you on a confidential basis for the sole purpose of providing you with initial and general information at your own responsibility. This presentation is not suitable to inform you of the legal and factual circumstances necessary to make an informed judgment about any prospective investment. Prospective investors are requested to inform themselves comprehensively and, in particular, to verify the contractual documentation, which is expected to be provided in the future. This presentation is intended only for persons or representatives of persons that are sophisticated, institutional professional investor experienced in making investments of the types described or advised by persons having such experience.

Not An Offer

This presentation does not constitute an offer to acquire or subscribe for securities, units or other participation rights. The distribution of this document may be restricted in certain jurisdictions. It is the responsibility of the recipient of this document to comply with all relevant laws and regulations.

Real Estate Related Risks

Investments in real estate funds, vehicles or assets such as those described herein, are subject to numerous risks and uncertainties, including risks inherent in private, closed end real estate funds, such as lack of liquidity, lack of diversification, and dependence on key personnel of the fund sponsor as well as risks inherent in the types of investments such funds make, competition for investment opportunities, changes in market conditions, regulatory and environmental risks, entitlement and development risks, and risks of tenant, purchaser, or seller defaults on contractual obligations. Investors in real estate funds, vehicles or assets must be able to evaluate and bear the potential consequences of these and other risks, including the potential loss of their entire investment.

Forward Looking Statements

This presentation contains projected results, forecasts, estimates, targets and other “forward-looking statements” concerning proposed and existing investment funds and other vehicles. Due to the numerous risks and uncertainties inherent in real estate investments, actual events or results, or the actual performance of any of the funds or investment vehicles described, may differ materially from those reflected or contemplated in such forward-looking statements. Accordingly, forward-looking statements cannot be viewed as statements of fact. The projections presented are illustrations of the types of results that could be achieved in the given circumstances if the assumptions underlying them are met, but cannot be relied on as accurate predictions of the actual performance of any existing or proposed investment vehicle.

Third Party Information

This presentation contains information in the form of charts, graphs and/or statements that we indicate were obtained by us from published sources or provided to us by independent third parties, some of whom we pay fees for such information. We consider such sources to be reliable. It is possible that data and assumptions underlying such third party information may have changed materially since the date referenced. You should not rely on such third party information as predictions of future results. None of BAU Advisors LLC, its affiliates or any third-party source undertakes to update any such information contained herein. Further, none of BAU Advisors LLC, its affiliates or any third party source purports that such information is comprehensive, and, while it is believed to be accurate, it is not guaranteed to be free from error, omission or misstatement. BAU Advisors LLC and its affiliates have not undertaken any independent verification of such information. Finally, you should not construe such third party information as investment, tax, accounting or legal advice.

BAU Advisors LLC

Track Record BAU Advisors LLC property investments and investment programs referred to herein may have been made at different times, with materially different terms, and in materially different market conditions than those contemplated for this prospective investment. The results of the investment programs presented illustrate results that could be achieved in certain conditions if the underlying assumptions prove to be correct. They cannot be relied upon as accurate predictions of the actual results that will be achieved by the investment programs shown that have not yet been fully monetized or those that could be achieved by this prospective investment. BAU Advisors LLC prior programs or other programs related to its principals may have experienced adverse economic developments in recent years due to global financial crisis and deteriorating economic conditions in Europe and certain Asian and Latin American countries, as well as certain U.S. markets. The adverse market conditions may cause these programs to alter their investment strategy, generate returns lower than expected, or ultimately incur loses.

Disclaimer

The statements in this document and/or this presentation are based on information, which we consider to be reliable. This document and/or this presentation do not, however, purport to be comprehensive or free from error, omission or misstatement. We reserve the right to alter any opinion or evaluation expressed herein without notice. Statements presented concerning investment opportunities may not be applicable to particular investors. Liability for all statements and information contained in this document and/or this presentation is, to the extent permissible by law, excluded.