Risk Control

The Fund will control the risk on its investments by various means, including structuring transactions to protect value in downside scenarios, and developing multiple exit strategies. The Fund will make every effort to avoid situations where uncontrollable factors or adverse market conditions might result in total loss of the investment.

Consistency of Returns

The Fund has a strong preference for a portfolio that has a larger percentage of successful investments as opposed to a scenario where a few highly successful investments make up for a large number of poor performers. The Fund’s investment strategy is designed to yield a high number of singles and doubles rather than a few home runs.

Underwriting and Price Discipline

The General Partner follows a tightly controlled and managed process to examine all elements of a potential investment, including its location, income-producing capacity, prospects for long-range appreciation, income tax considerations and multiple exit scenarios. Only those real estate assets meeting the investment criteria will be accepted for inclusion in the portfolio.