CREIT Website Disclosures

• Members will not have the opportunity to evaluate CREIT’s future investments before it makes them, which makes an investment in the units more speculative.
• Due to restrictions on transfers and withdrawals, an investment in the units will be illiquid. There is not now, and there is not likely to develop, any market for the resale of the units. The units are subject to limited withdrawal rights. Furthermore, CIRE Real Estate Advisors, LLC (the “Manager”) is not obligated to sell or encumber any of the assets of CIRE OpCo I, LLC (the “Operating Company”) or CREIT or defer any new investments that the Operating Company or CREIT plans to make in the near term in order to make cash available for the payment of withdrawal proceeds to any member requesting to withdraw from CREIT.
• The amount and source of distributions CREIT may make to members is uncertain, and CREIT may not be able to generate sufficient cash flows from its operations to make distributions to its members at any time in the future.
• Purchases and withdrawals of units are not made based on the NAV per unit as of the date of purchase or withdrawal. Generally, the transaction price and the price at which the CREIT withdraws units will equal the NAV per unit of the applicable class as of the last calendar day of the prior month or as of such other date selected by the Manager in its reasonable discretion. The NAV per Unit as of the date on which a potential investor makes a subscription request or a member makes a withdrawal request may be significantly different than the transaction price paid or the withdrawal price received.
• CREIT’s operating results are dependent upon the availability of, as well as the ability of the Manager to identify, structure, consummate, leverage, manage and realize returns on, investment opportunities. In general, the availability of desirable investment opportunities and, consequently, CREIT’s performance, will be affected by the level and volatility of interest rates, conditions in the financial markets, general economic conditions, the market and demand for investment opportunities, the supply of capital for such investment opportunities, the level of government involvement in capital markets and the enactment of legislation changing tax and accounting rules historically favorable to investments in real estate.
• If CREIT fails to qualify as a REIT and no relief provisions apply, CREIT’s NAV and the cash available for distribution to its members could materially decrease.
• A change in U.S. tax laws could adversely impact the benefits of investing in the CREIT’s units.

Each investor’s considerations are different, and each investor should consult such investor’s own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning an investment in CREIT. The information provided herein should not be construed as investment, tax, accounting or legal advice.

This website contains “forward-looking statements” within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “potential,” “continues,” “identified,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or other similar words or the negatives thereof. These may include financial estimates and their underlying assumptions, statements about plans, objectives, intentions, and expectations with respect to positioning, including the impact of macroeconomic trends and market forces, future operations, repurchases, acquisitions, future performance and statements regarding identified but not yet closed acquisitions. Such forward-looking statements are inherently subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. We believe these factors include but are not limited to those described under the section entitled “Certain Risk Factors” in the CREIT’s private placement memorandum. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included on this website. Except as otherwise required by federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.