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Disclaimer

The specific securities identified are not representative of all of the investments purchased, sold or recommended for clients, and it should not be assumed that the investment in the properties identified was or will be profitable. Actual holdings will vary for each client and there is no guarantee that a particular client’s account will hold any or all of the investments listed.

NOTE: Per SEC guidance the adviser must maintain (and make available to the SEC staff upon request) records supporting the following. The original context of these requirements is not real estate but the same principles hold: the complete list of all securities recommended in the preceding year for the specific investment category covered by the advertisement, the name of each such security recommended, the date and nature of each such recommendation (e.g., whether to buy, sell or hold),the market price at that time, the price at which the recommendation was to be acted upon, the market price of each such security as of the most recent practicable date; and the criteria used to select the specific securities listed in each advertisement.