Private Real Estate

We consider the information in this communication to be accurate, but we do not represent that it is complete or should be relied upon as the sole source of suitability for investment. Investors should consult their own investment professional with respect to their individual circumstances. 

Past performance does not predict future returns. Risks involved with investment, including potential loss of capital, are substantial and should be carefully considered. The views and opinions are as of the date of publication and are subject to change without notice. There is no guarantee that any historical trend illustrated above will be repeated in the future, and there is no way to predict precisely when such a trend will begin. There is no guarantee that a market forecast made above will be realized. Active management is not guaranteed to outperform the broader market index.

Important Risk Considerations:

Investing involves risk, including entire loss of capital invested. There can be no assurance that the investment strategy will meet its investment objectives. Diversification is not guaranteed to ensure a profit or protect against loss.

The strategy invests in private real estate investments which are illiquid and susceptible to economic slowdowns or recessions and industry cycles, which could lead to financial losses in a portfolio and a decrease in revenues, net income and assets. Lack of liquidity in the private real estate market makes valuing underlying assets difficult. Appraisal values may vary substantially from a price at which an investment in real estate may actually be sold.

The strategy may use leverage, directly or indirectly in connection with an investment. The use of leverage involves a high degree of financial risk and may increase the exposure of investments in the strategy to factors such as rising interest rates, downturns in the economy, or deterioration in the condition of the properties underlying such investments. Leverage magnifies favorable and unfavorable effects of price movements in a portfolio’s underlying assets and overall aggregate returns of a portfolio.

A portfolio in the strategy could potentially be concentrated in relatively few underlying assets and thus the benefits of diversification may not be fully realized. Because of the length of time typically needed to construct a private real estate portfolio, initially the strategy will not be diversified. A limited number of underlying assets could result in aggregate returns realized by the investor which are substantially adversely affected by the unfavorable performance of a small number of underlying assets.