The information contained herein is provided for informational purposes only and is not to be construed as investment advice, an offer to sell or the solicitation of an offer to buy interests in any fund or security. Information contained herein is provided on an “as is” and “as available” basis and NREP makes no representation or warranty, express or implied, regarding the accuracy, completeness, adequacy, timeliness or suitability of the information. Offers to sell or solicitations to buy interests in any fund or security will only be made in connection with the delivery of a confidential private placement memorandum(s) and only to persons and in circumstances in which such offers may legally be made without violation of U.S. federal or state securities laws or applicable laws and regulations. The investment examples included herein were chosen to show recent, demonstrative transactions in NREP’s investment vehicles, with characteristics consistent with NREP’s investment strategies. Past performance is no guarantee of future results and there can be no assurance than an investment offered by NREP or its affiliates will achieve comparable results to any of the past performance information contained herein.