Disclaimer

Performance Not Guaranteed: Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are not guaranteed and may not reflect actual future performance. All investments carry risk and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any kind of investing they choose to do.

Risk of Loss: All securities involve a high degree of risk and may result in partial or total loss of your investment. The investments FI Real Estate Fund recommends will be subject to the risks generally incident to the ownership, operation and development of real property. Because real estate, like many other types of long-term investments, historically has experienced significant fluctuation and cycles in value, specific market conditions may result in occasional or permanent reductions in the value of the Investments. The investments will be limited in number and, as a consequence, will have limited diversification by asset type, location or other criteria. Consequently, the overall performance of the investments may be adversely affected by the unfavorable performance of a small number of the Investments.

Risks Specific to Real Estate: There are significant expenditures associated with an investment in real estate (such as debt service, real estate taxes, and insurance maintenance costs) that generally do not decline when circumstances reduce the income from the property. Income from and the value of the properties acquired may be adversely affected by the following factors:downturns in international, national, regional and local economic conditions (particularly increases in unemployment);the attractiveness of the properties acquired to potential tenants and competition from other properties;increases in the supply of or decreases in the demand for similar or competing properties in our target markets;bankruptcies, financial difficulties or lease defaults by tenants;changes in interest rates, availability and terms of debt financing;changes in operating costs and expenses;changes in, or increased costs of compliance with, governmental laws, rules, regulations and fiscal policies, including changes in tax, real estate, environmental and zoning laws, and our potential liability thereunder;our ability to provide adequate maintenance;changes in the cost or availability of insurance, including coverage for mold or asbestos;environmental conditions or retained liabilities for such conditions;tenant turnover;the illiquidity of real estate investments generally;residents’ perceptions of the safety, convenience and attractiveness of our properties and the neighborhoods where they are acquired;the ongoing need for capital improvements, particularly in older properties;the ability or unwillingness of residents to pay rent increases;civil unrest, acts of God, including earthquakes, pandemics, floods and other natural disasters, which may result in uninsured losses, and acts of war or terrorism;rent control or rent stabilization or other housing laws, which could prevent us from raising rents or commencing eviction proceedings; andincreases in property-level maintenance and operating expenses.For these and other reasons, The FI Real Estate Fund cannot and does not make any guarantees of investor performance.

Liquidity Not Guaranteed: The FI Real Estate Fund is NOT a stock exchange or public securities exchange. Investments offered by the FI Real Estate Fund are illiquid and there is never any guarantee that you will be able to exit your investments on the secondary market or at what price an exit (if any) will be achieved.

Private Securities: Any securities offering is private and you may be required to verify your status as an ‘Accredited Investor’ to participate. No securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the FI Real Estate Fund.

Don’t enter any investment without fully understanding the worst-case scenarios of that investment.

Disclaimer: All calculations and data presented within the FI Real Estate Fund publications and digital marketing and media including but not limited to websites, brochures, presentations and return models are deemed to be accurate, but accuracy is not guaranteed. The projected pro forma returns on investment are intended for the purpose of illustrative projections to facilitate analysis and are not guaranteed by FI Real Estate Fund One LLC or its affiliates and subsidiaries. Past performance is not an indicator of future results.

The information provided herein is not intended to replace or serve as a substitute for any legal, real estate, tax, or other professional advice, consultation or service. The prospective buyer should consult with a professional in the respective legal, tax, accounting, real estate, or other professional area before making any decisions or entering into any contracts.

The information contained herein is not a substitute for a thorough due diligence investigation. FI Real Estate Fund makes no warranty or representation, with respect to the income or expenses for any property, the future projected financial performance of any property, the size and square footage of any property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of any property. The information presented has been obtained from sources we believe to be reliable; however, FI Real Estate Fund has not verified, and will not verify, any of the information contained herein, nor has FI Real Estate Fund conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.