This information is for use only by a limited number of persons with an existing relationship with Black Forest Investments. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the real estate interests in this property package, or passed upon the adequacy or accuracy of this document. Any representation to the contrary is a criminal offense.

This material does not constitute an offer or a solicitation to purchase securities. An offer can only be made by the private placement memorandum. This document is an informational summary and is authorized for use only by investors with an existing relationship with Black Forest Investments and have been accepted as qualified investors by virtue of their experience and financial circumstance.