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- Statement of investment objectives and intended use of net proceeds from offering
- Commencement of receiving investor monies
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- Funds primarily used for property purchases
- Portfolio achieves greater diversification
- Portfolio begins to take shape in accordance with stated investment objectives
- Property assets are actively monitored and managed
- Property Acquisition continues through completion of offering
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- Property assets are actively monitored and managed
- Program matures and may experience:
- Acquisitions
- Lease renewals/new leases
- Dispositions
- Payouts to investors
- Additional acquisitions
- Portfolio valuation/appraisal three years after completion of offering
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