CrowdStreet takes considerable measures to vet and understand sponsors to ensure that investors are treated with the highest degree of professionalism. To help CrowdStreet investor members more easily understand a sponsor's level of qualifications, we assign one of three designations to each sponsor. In order of experience and level of in-house capabilities, they are:

• Emerging

  Emerging Sponsors are defined as experienced commercial real estate principals who have invested through their current entity for fewer than 5 years and, therefore, must meet additional criteria found in CrowdStreet's standard Posting Policy.

• Seasoned

  Seasoned Sponsors are reputable real estate operating companies that have at least 5 years of investment activity at the entity level and meet additional criteria found in CrowdStreet's standard Posting Policy.

• Tenured

  Tenured Sponsors are proven multi-cycle industry veterans that have at least 10 years of investment activity at the entity level and meet additional criteria found in CrowdStreet's standard Posting Policy.

• Enterprise

  Enterprise Sponsors are large, established firms with nationwide platforms. They have at least 15 years of investment activity at the entity level, are currently ranked as a top 250 commercial real estate holder per Real Capital Analytics and meet additional criteria found in CrowdStreet's standard Posting Policy.

For more information, please see our posting policy.

The sponsor is issuing the offering pursuant to Regulation A+, which was made effective by the SEC in June 2015. This offering is registered under Tier II of Regulation A+, which makes it a nationally registered offering that is under the direct oversight of the SEC, including ongoing audited financials. Per Tier II guidelines, any investor (accredited or non-accredited) is eligible to invest in an offering according to the following investment limits.

Non-Accredited Investors:

• Up to the greater of 10% of net worth or 10% of net annual income

Accredited Investors:

• No investment limit (subject only to the maximum amount available)