Like all private real estate investments, the purchase of REIT I shares should be regarded as a longer-term (multiple years) investment. Real estate is an inherently illiquid asset class. That said, it is anticipated that REIT I’s Board of Directors will establish a monthly share repurchase program, whereby existing shareholders can sell their shares back to REIT I. Any share repurchase program established by REIT I’s Board may be subject to withdrawal penalties and volume limits. Please refer to the Offering Circular for a complete discussion regarding REIT I’s share repurchase program.