Investment phases

THE PURCHASE OF LIMITED LIABILITY COMPANY INTERESTS OF THE COMPANY (“INTERESTS”) INVOLVES A HIGH DEGREE OF RISK, INCLUDING LIMITATIONS ON THE TRANSFERABILITY OF THE INTERESTS, PARTICULARLY BECAUSE THERE IS NO MARKET FOR THE INTERESTS NOR IS ONE EXPECTED TO DEVELOP. EACH INVESTOR SHOULD CONSULT THE INVESTOR'S OWN ADVISORS CONCERNING THE INVESTOR'S INVESTMENT IN THE COMPANY. 

THE INTERESTS WILL BE OFFERED IN A TRANSACTION NOT INVOLVING A PUBLIC OFFERING IN RELIANCE UPON, AMONG OTHER POSSIBLE EXEMPTIONS, THE EXEMPTION FROM REGISTRATION AFFORDED BY SECTION 4(2) OF THE SECURITIES ACT OF 1933. 

THE INTERESTS MAY NOT BE RESOLD OR OTHERWISE TRANSFERRED BY THE PURCHASER UNLESS THEY ARE SUBSEQUENTLY REGISTERED UNDER THE SECURITIES ACT OF 1933 AND ANY APPLICABLE STATE SECURITIES LAW OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE UNDER THE SECURITIES ACT OF 1933 AND SUCH LAWS. ACCORDINGLY, PURCHASERS OF INTERESTS WILL BE REQUIRED TO BEAR THE RISK OF THE PURCHASER’S INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. 

PROSPECTIVE INVESTORS ARE NOT TO CONSTRUE THE CONTENTS OF THIS PRESENTATION OR ANY PRIOR OR SUBSEQUENT COMMUNICATION FROM THE OFFICERS OF THE COMPANY AS LEGAL OR TAX ADVICE. PROSPECTIVE INVESTORS ARE ENCOURAGED TO DISCUSS ALL ASPECTS OF A POTENTIAL INVESTMENT IN THE COMPANY WITH THE OFFICERS OF THE COMPANY, BUT EACH POTENTIAL INVESTOR MUST RELY UPON THE INVESTOR'S OWN REPRESENTATIVES AND ADVISORS (INCLUDING THE INVESTOR'S OWN LEGAL COUNSEL AND ACCOUNTANTS) AS TO LEGAL, TAX, AND RELATED MATTERS CONCERNING THE INVESTOR'S INVESTMENT. NO PERSON IS AUTHORIZED TO GIVE ANY INFORMATION OR TO MAKE ANY REPRESENTATION NOT CONTAINED IN PRESENTATION OR DOCUMENTS REFERRED TO HEREIN WITH RESPECT TO THE TRANSACTIONS AND MATTERS DESCRIBED HEREIN. ANY POTENTIAL SALE OF INTERESTS IS MADE SUBJECT TO WITHDRAWAL, CANCELLATION, OR MODIFICATION WITHOUT NOTICE TO INVESTORS AND TO CERTAIN OTHER CONDITIONS SPECIFIED HEREIN. THE COMPANY RESERVES THE RIGHT IN ITS SOLE DISCRETION TO REJECT ANY SUBSCRIPTION IN WHOLE OR IN PART OR TO ALLOT TO ANY PROSPECTIVE INVESTOR FEWER THAN THE NUMBER OF INTERESTS APPLIED FOR BY SUCH PROSPECTIVE INVESTOR. 

THIS PRESENTATION DOES NOT CONSTITUTE AN OFFER OR SOLICITATION REGARDING AN INVESTMENT IN THE COMPANY. ANY REPRODUCTION OR DISTRIBUTION OF THIS PRESENTATION IN WHOLE OR IN PART, OR THE DIVULGENCE OF ANY OF ITS CONTENTS WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY, IS PROHIBITED. BY ACCEPTING DELIVERY OF THIS PRESENTATION, EACH RECIPIENT AGREES TO RETURN IT AND ALL DOCUMENTS DELIVERED HEREWITH TO THE COMPANY IF HE/SHE DOES NOT AGREE TO PURCHASE ANY OF THE INTERESTS. 

STATEMENTS PERTAINING TO FUTURE FINANCIAL AND/OR OPERATING RESULTS, FUTURE GROWTH AND POTENTIAL OPPORTUNITIES FOR THE COMPANY ALONG WITH OTHER STATEMENTS ABOUT THE FUTURE EXPECTATIONS, BELIEFS, GOALS, PLANS, OR PROSPECTS EXPRESSED BY THE COMPANY CONSTITUTE FORWARDLOOKING STATEMENTS. ANY STATEMENTS THAT ARE NOT HISTORICAL FACT (INCLUDING, BUT NOT LIMITED TO STATEMENTS THAT CONTAIN WORDS SUCH AS "WILL," "BELIEVES," "PLANS," "ANTICIPATES," "EXPECTS,“ "ESTIMATES") SHOULD ALSO BE CONSIDERED TO BE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES, INCLUDING, WITHOUT LIMITATION, RISKS INHERENT IN THE DEVELOPMENT AND/OR COMMERCIALIZATION OF REAL ESTATE OR REGULATORY APPROVALS, NEED AND ABILITY TO OBTAIN FUTURE CAPITAL. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THE RESULTS ANTICIPATED IN THESE FORWARD-LOOKING STATEMENTS AND AS SUCH SHOULD BE EVALUATED TOGETHER WITH THE MANY UNCERTAINTIES THAT AFFECT THE POTENTIAL BUSINESS OF THE COMPANY, PARTICULARLY THOSE MENTIONED IN OTHER SECTIONS OF THIS PRESENTATION. THE COMPANY DISCLAIMS ANY INTENT OR OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS.

MANAGING MEMBER IS A PENNSYLVANIA LICENSED REAL ESTATE AGENT AND MAY RECEIVE BROKERAGE COMMISSION OR PROPERTY MANAGEMENT FEES.