Real Estate Offering Plan

REAL ESTATE OFFERING PLAN

I. Introduction and Purpose

This Offering Plan sets forth the terms, conditions, and procedures under which the Sponsor offers the interest in the real property described below for sale. This Offering Plan constitutes a binding statement of the material terms of the offering and the obligations of the Sponsor until amended or superseded in accordance with the amendment provisions herein.

II. Parties

III. Property Identification

Property Address:

IV. Offering Summary and Financial Terms

Total Offering Price:   Per Unit Price (if applicable):

Deposit Due Within: days of contract execution.

Anticipated Closing Date:    Possession Date:

V. Subscription, Escrow and Closing Procedures

Prospective Purchasers shall deliver to the Sponsor or its designee a signed subscription agreement together with the required deposit. All deposits shall be held in escrow by the designated escrow agent and released in accordance with the escrow instructions. Closing shall occur upon tender of the purchase price, delivery of clear title in the form set forth in this Plan, and satisfaction or waiver of contingencies described herein.

VI. Financing and Contingencies

This offering is subject to the following contingencies and financing conditions, each of which shall be satisfied or waived in writing prior to closing.

VII. Inspections and Due Diligence

Purchaser shall have the right to conduct inspections during the inspection period. Sponsor shall grant reasonable access for inspectors and shall disclose known material defects. Any deficiency discovered must be provided in writing and may be subject to cure by Sponsor within the cure period set forth below.

VIII. Mandatory Disclosures

The Sponsor makes the following disclosures. Purchaser acknowledges receipt of the applicable reports and notices referenced below.

Lead-based Paint Disclosure — Lead-based paint hazards: Yes    No

Mold or Moisture Intrusion History — Yes    No

Prior Structural Damage or Repairs — Yes    No

Located in Designated Flood Zone — Yes    No

IX. Maintenance, Insurance and Risk of Loss

Unless otherwise agreed, risk of loss or damage to the Property shall remain with the Sponsor until closing. Sponsor shall maintain casualty insurance on the Property in amounts customarily required for properties of similar type. Purchaser shall be responsible for obtaining hazard and liability insurance effective upon possession.

X. Default, Remedies and Liquidated Damages

In the event of a material default by Purchaser or Sponsor, the non-defaulting party shall have all rights and remedies available at law or in equity. If Purchaser defaults and the deposit is forfeited, such forfeiture shall be the sole and exclusive remedy of Sponsor unless otherwise agreed in writing. The parties may elect to pursue specific performance where monetary damages would be inadequate.

XI. Governing Law and Miscellaneous Provisions

This Offering Plan shall be governed by and construed in accordance with the laws of the state identified below without regard to conflict-of-law principles. Venue for any dispute arising under or related to this Plan shall lie exclusively within the courts of that state unless the parties otherwise agree in writing.

Entire Agreement: This Offering Plan, together with executed subscription agreements and escrow instructions, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements. No amendment shall be effective unless in writing and signed by Sponsor and Purchaser.

XII. Certifications

Sponsor certifies that the material statements contained in this Offering Plan are, to the best of Sponsor's knowledge, true and correct as of the date of signature. Purchaser acknowledges receipt of all required disclosures and the opportunity to conduct inspections and due diligence consistent with the terms of this Plan.

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