Risk Factors & Accredited Investor Qualification                    

An investment in the Fund’s securities is speculative and involves substantial risk. It is impossible to predict accurately the results to a purchaser of the Fund’s securities because of the recent formation of the Fund, general uncertainties in the real estate and single family residential properties.

Such risks are related to, but not limited to, formation and operational risk, private offering risks, lack of liquidity, financing risks, tax risks, general real estate risks, specific real estate project risks, fees and expenses associated with an investment in the Offered Securities. The Fund may be unable to achieve its expected average return on properties in which it invests. There could be unexpected difficulties in purchasing or reselling properties either due to market conditions or competition. The Fund may be unsuccessful in purchasing a sufficient number of properties in order to allow the fund to achieve profitable operations. There could be unanticipated costs associated with the rehabilitation of the properties. The purchase of foreclosed properties may lead to high costs of evicting current occupants or repairing damages caused by disgruntled former owners. The Fund may not generate sufficient cash flow to support its financing obligations or compete successfully in its market. The loss of key members of the Fund’s or either manager’s management team could significantly disrupt the Fund’s operations. The effect of claims asserted against the Fund or lack of adequate available insurance could subject the Fund to substantial uninsured liabilities.

Other details of Fund risks, including the fees and expenses (which are related to sales commissions and organizational expenses) are set forth in the private placement memorandum and applicable supplements (collectively, the “PPM”). The anticipated return is based upon anticipated sale proceeds and other projections which are more specifically set forth in the PPM. This Investor Summary is qualified entirely by the full text of the PPM. Purchases of the Fund’s securities must be made pursuant to the PPM.

All prospective purchasers should read the PPM in its entirety and carefully consider all risk factors outlined therein prior to investing.

"Accredited Investors" – generally, natural persons must have a net worth of over $1 million (exclusive of residence) or income in excess of $200,000 individually or $300,000 jointly with a spouse. The securities are offered in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended, and are not required to comply with specific disclosure requirements that apply to registration under the Securities Act. Neither the Securities and Exchange Commission nor any state regulator has passed upon the merits of or given its approval to the securities, the terms of the offerings, or the accuracy or completeness of any offering materials. The securities are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities. Investing in securities involves risk, and investors should be able to bear the loss of their entire investment. All investors should make their own determination of whether or not to make any investment, based on their own independent evaluation and analysis.

The information on the website includes historic results of certain investments made by the funds principals; however, past performance is no guarantee of future results. Historic returns may not reflect actual future performance, may not reflect potential deductions for fees which may reduce actual realized returns. Investors are advised that any investment with GIM may experience different results from those shown. Projected IRR and multiples are based upon the anticipated redemption or maturity date. All investments offered by GIM involve risk and may result in loss.