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5173 Waring Rd, Ste 2

San Diego, CA 92120

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This information is authorized for use only by a limited number of persons with an existing relationship with the sponsors and who have been qualified and accepted as an investor by the sponsors. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the real estate interests in this property package or passed upon the adequacy or accuracy of this document. Any representation to the contrary is a criminal offense.The views and opinions expressed in this presentation are those of the sponsors and are subject to change based on market and other conditions. Although the information presented here in has been obtained from and is based upon sources the sponsors believe to be reliable, no representation or warranty, expressed or implied, is made as to the accuracy or completeness of that information. No assurance can be given that the investment objectives described herein will be achieved. Reliance upon information in this material is at the sole discretion of the reader.This data is for illustrative purposes only. Past performance of indices of asset classes does not represent actual returns or volatility of actual accounts or investment managers and should not be viewed as indicative of future results. The investments discussed may fluctuate in price or value. Investors may get back less than they invested or nothing at all.

Forward looking information contained in these materials is subject to certain inherent limitations. Such information is information that is not purely historical in nature and may include, among other things, expected structural features, anticipated ratings, proposed or target portfolio composition, proposed diversification or sector investment, specific investment strategies and forecasts of future market or economic conditions. The forward-looking information contained herein is based upon certain assumptions, which are unlikely to be consistent with, and may differ materially from, actual events and conditions. In addition, not all relevant events or conditions may have been considered in developing such assumptions. Accordingly, actual results will vary, and the variations may be material. Prospective investors should understand such assumptions and evaluate whether they are appropriate for their purposes. These materials may also contain historical market data; however, historical market trends are not reliable indicators of future market behavior. This material does not constitute an offer or a solicitation to purchase securities. An offer can only be made by the private placement memorandum. This document is an informational summary and is authorized for use only by accredited investors ONLY. If you do not qualify as an Accredited Investor, you are prohibited from participating in this opportunity and you are required to return these materials to the Sponsor.