Excellent "A" Quality Asset Located in Clute, Texas. KET Enterprises Incorporated I 4295 San Felipe I Suite 355 I Houston, TX

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1 Excellent "A" Quality Asset Located in Clute, Texas KET Enterprises Incorporated I 4295 San Felipe I Suite 355 I Houston, TX

2 The Red Rose of Texas The Red Rose of Texas I 107 Hackberry St. I Clute, TX Hackberry St. I Clute, TX ASKING PRICE Market to Determine Units: 32 Avg Size: 1000 Date Built: 2014 Rentable Sq. Ft.: 32,000 Acreage: 7.83 Occupancy: 97% Class: A INVESTMENT HIGHLIGHTS Luxury Apartment Construction in Clute, Texas Opportunity to build an additional 64+ units onsite Well Positioned, Gated complex near several retail and other businesses. Located Approximately 50 Miles South of Houston Located Approximately 5 Miles Northwest of Freeport Major Employment in the Area with Excellent Job Growth Predicted Dow Chemical Has Announced Plant Expansions in Freeport and a New R&D Facility in Lake Jackson Owners will make plans available for a Phase II Individual waters meter and sprinkler in each unit FOR MORE INFORMATION PLEASE CONTACT: KET ENTERPRISES INCORPORATED 4295 San Felipe I Suite 355 I Houston, Tx Broker License # Hashir Saleem Broker/Senior Associate hashir@ketent.com

3 The Red Rose of Texas I 107 Hackberry St. I Clute, TX Physical Information Financial Information Mortgage Balance Operating Information Number of Units 32 Asking Price Market to Determine New 75% of Value #VALUE! Est Mkt Rent (Jun-16) $32,000 Avg Unit Size 1000 Amortization 300 Avg Mo 2016 $25,448 Net Rentable Area Land Area (Acres) Units per Acre Date Built 32, Debt Service Monthly P & I Interest Rate Date Due #VALUE! #VALUE! 4.75% 10 Yrs Physical Occ (Jun-16) Est Ins per Unit per Yr Property Tax Information 2016 Tax Rate/$100 97% $ Water Meter Elec Meter RUBS Indiv Est Res for Repl/Unit/Yr Yield Maintenance $300 Yes 2016 Prelim Tax Assessment 2016 Est Taxes $1,474,860 $41,488 Roof Style Pitched Future Est Tax Assessment $2,608,000 HVAC System HVAC-Indiv Future Est Taxes $73,363 INCOME PRO-FORMA INCOME1 Current Street Rent with a 10% Increase 422,400 Estimated Gross Scheduled Income 422,400 Estimated Loss to Lease (1% of Total Street Rent) (4,224) 1% Estimated Vacancy (3% of Total Street Rent) (12,672) 3% Estimated Concessions and Other Rental Losses (4% of Total Street Rent) (16,896) 4% Estimated Utilities Income Estimated Other Income 9,000 Estimated Total Rental Income ESTIMATED TOTAL PRO-FORMA INCOME Jan thru Sept 2016 Income Annualized EXPENSE Fixed Expenses Fixed Expenses Taxes $41,488 $1,296 per Unit 2016 Rate & 2016 Assessment $73,363 $2,293 per Unit Insurance $19,331 $604 per Unit $19,328 $604 per Unit Gas Water & Sewer MODIFIED ACTUALS $305,376 Jan thru Sept 2016 Income & Expenses Annualized PRO-FORMA Future Expenses Estimated Fixed Expenses $35,200 / Mo $35,200 / Mo 8,500 $266 / Unit / Yr $281 / Unit / Yr $33,842 / Mo 2016 Tax Rate & Future Assessment Estimated $1,901 per Unit $2,897 per Unit Total Fixed Expense 60,818 92,691 Utilities Utilities Estimated Utilities Electricity $4,301 $134 per Unit $4,301 $134 per Unit $ per Unit $0 $ per Unit $17,476 $546 per Unit $17,476 $546 per Unit Total Utilities 21,777 $681 per Unit 21,777 $681 per Unit Other Expenses Other Expenses Estimated Other Expenses General & Admin & Marketing Repairs & Maintenance Labor Costs Contract Services $17,434 $12,841 $6,898 $545 per Unit $401 per Unit $ per Unit $216 per Unit $9,600 $9,600 $35,200 $2,560 $300 per Unit $300 per Unit $1,100 per Unit $80 per Unit Management Fees $31, % $980 per Unit $16, % $508 per Unit Total Other Expense 68,537 $2,142 per Unit 73,204 $2,288 per Unit Total Operating Expense 151,133 $4,723 per Unit 187,672 $5,865 per Unit Reserve for Replacement 6,400 $200 per Unit 6,400 $200 per Unit Total Expense 157,533 $4,923 per Unit 194,072 $6,065 per Unit Net Operating Income (Actual Underwriting) 147, , , ,108 * per unit -; per ft - NOTES: ACTUALS: Income and Expenses were calculated using Jan thru Sept 2016 Income & Expenses Annualized. PRO FORMA: Income is estimated. Taxes were calculated using 2016 Tax Rate & Future Assessment. Insurance is estimated. Management Fees calculated as 4.% of Gross Income and Other expenses are Estimated for the Pro Forma. DISCLAIMER: The information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt the accuracy of the information, but we have not verified it and make no guaranty, warranty or representation about it. It is your resonsibility to independently confirm its accuracy and completeness. We have not determined whether the property complies with deed restrictions or any city licensing or ordinances including life safety compliance or if the property lies within a flood plain. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME OR EXPENSE AND PERFORM OR HAVE PERFORMED ANY INSPECTIONS TO VERIFY POSSIBLE CONTAMINATION BY ASBESTOS, LEAD PAINT, MOLD OR ANY OTHER HAZARDOUS SUBSTANCES. The owner reserves the right to withdraw this listing or change the price at anytime without notice during the marketing period. 10/3/2016 TheRedRoseofTexasClute

4 The Red Rose of Texas I 107 Hackberry St. I Clute, TX PROPERTY INFORMATION CURRENT MORTGAGE Age: 2014 Ph I Mortgage Balance TAXING AUTHORITY Brazoria County ACCT #: Property Overview Renovated: N/A Amortization CITY OF CLUTE $ Elec Meter: Indiv P & I + MIP VELASCO DRAINAGE DISTRICT $ A/C Type: HVAC Type BRAZORIA COUNTY $ Water: RUBS Assumable BRAZOSPORT COLLEGE $ Wiring: Copper Origination Date PORT FREEPORT $ Roof: Pitched Due Date ROAD & BRIDGE FUND $ Paving: Concrete Interest Rate BRAZOSPORT INDEPENDENT SCHOOL DISTRICT $ Materials: Brick/HardiPlank # of Stories: 2 Buildings: Tax Rate/$100 $ Units/Acre: Prelim Tax Assessment $1,474,860 Open Parking: Detached Garages: Quality: Key Map: Yes No A 883K Avg Mo 2016 $ 25,448 Jul 2015 $ 27,153 Aug 2015 $ 27,228 Sep 2015 $ 27,615 Oct 2015 Nov 2015 Dec 2015 Jan 2016 $ 30,746 Feb 2016 $ 26,694 Mar 2016 $ 27,294 Apr 2016 $ 21,253 May 2016 $ 21,253 Jun 2016 $ 25,043 COLLECTIONS $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $- PLEASE DO NOT VISIT THE SITE WITHOUT AN APPOINTMENT MADE THROUGH THE BROKER. PROPERTY HIGHLIGHTS KET Enterprises Incorporated is pleased to present The Red Rose of Texas Apartments, a new, class "A", two-story, garden-style, apartment community located in Clute,Texas, approximately 50 miles south of downtown Houston. The property offers spacious one, two and three bedroom units and an array of modern amenities. The community is surrounded by numberous parks as well as quaint entertainment venues, dining and retail centers that incorporate the area's abundance of employment centers, schools, and neighborhoods. The property is situated between Lake Jackson and Freeport and is less than 5 miles from Brazoria County's major employers such as The Dow Chemical Company with over 4,200 employees and Fluor Corporation with over 3,100 employees. It is also less than 10 miles from Surfside Beach, a popular fishing and beach resort community. Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent roll, etc. provided by the Owner. Notwithstanding, KET Enterprises Incorporated does not make any warranties about the information contained in this marketing package. Every prospective purchaser should verify the information and rely on his accountants or attorneys for legal and tax advice. This offer is As-Is, Where-Is. Answers to specific inquiries will have to be supplied by the Owner and are available upon request. Rates of return vary daily. No representations are made concerning environmental issues, if any.

5 The Red Rose of Texas I 107 Hackberry St. I Clute, TX UNIT MIX JUNE 2016 Unit Mix Unit # Type No. Units Sq Ft Total SqFt Market Rent Total Rent Rent/SF PHASE 1 Flat 1 Bed/1 Bath ,400 $900 $14,400 $1.00 Flat 2 Bed/2 Bath 8 1,000 8,000 $1,000 $8,000 $1.00 Flat 3 Bed/2 Bath 8 1,200 9,600 $1,200 $9,600 $1.00 TOTALS AND AVERAGES ,000 $1,033 $32,000 $1.00 Average Sq. Total Sq. Average Average Total Units Total Rent Ft. Feet Rent/Unit Rent/ SF 8 16 UNIT TYPE 8 1 Bed/1 Bath 2 Bed/2 Bath 3 Bed/2 Bath UNIT SIZE Bed/1 Bath 2 Bed/2 Bath 3 Bed/2 Bath

6 The Red Rose of Texas I 107 Hackberry St. I Clute, TX Amenities RESIDENCE AMENITIES 9' Ceilings with Crown Molding high end carpet in bedrooms Walk-In Closets Washer and Dryer connections in every unit Black Kitchen Appliances* Plenty of closet space Ceramic Tile Backsplash Ceiling Fan w/light Kit in Living Room & Bedroom Roman Tubs Patios and balconies 2" Faux Wood Blinds Ceramic Tiles in Living and bathrooms Solid wood cabinets in kitchens Granite Countertops* COMMUNITY AMENITIES Possibility of adding pool and fitness center 24-Hour Emergency Maintenance Gated property Ample parking 24 -Hour Surveillance on Common Area Possibility of On-Site Professional Management 24-Hour Emergency Maintenance PET POLICY Dogs and cats allowed (Some Breed Restrictions) Maximum weight 25 lb each One time fee $300

7 The Red Rose of Texas I 107 Hackberry St. I Clute, TX Rent Comparables Rent Comparables - June 2016 (source: enricheddata.com) Crescentwood 100 Lakeview Residences at Lake Jackson II 101 Eucalyptus St. Edgewater 514 That Way St. Property Name Residences at Lake Jackson I 101 Eucalyptus St. Villages at Lake Jackson 504 Hwy 332 Year Year Built Occ #Units Renovated 2013 N/A 100% $ N/A 98% $1, N/A 94% $1, N/A Sorted by Ave Rent 1983 N/A 79% $ % $1, Totals/Averages Comps 2002 N/A 94% $1,062 $1.16 The Red Rose of Texas 107 Hackberry St N/A 97% 32 1,000 $1,033 $1.00 Brazosport Market Average 89% 10, $719 $0.896 Houston Market Averages 91% 629, $898 $1.040 Avg SF Avg Rent P/SF Red Rose of Texas

8 The Red Rose of Texas I 107 Hackberry St. I Clute, TX Sales Comparables Sales Comparables Sorted by Price/SF Property Name Date Sold Price Total Sq. Ft. Units Price/SF Price/Unit Built 1 2 Villas at Rollingbrook 3717 Emmot Hutto Dr. Baytown Residences at Cinco Ranch FM 1093 Katy /20/15 $24,072, , $ $118,000 07/10/14 $34,900, , $ $116, Lynn at Country Club II 2200 West Baker Rd /01/16 $24,500, , $ $107, Mason at Lakemont 7115 Mason Richmond /02/14 $33,000, , $ $105, Waterford at Summer Park 601 Park Place Dr /01/15 $22,500, , $ $114, Totals/Averages Comps $27,794, , $ $112, The Red Rose of Texas 107 Hackberry St. Market to Determine 32, Red Rose of Texas

9 The Red Rose of Texas I 107 Hackberry St. I Clute, TX Location

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11 Brazoria County B R A Z O R I A C O U N T Y The county has a long Brazoria County is included in the Houston - The Woodlands - Sugar Land Metropolitan statistical Area (MSA). Brazoria County is comprised of 1,597 square miles of 20 cities which include Clute, Lake Jackson, Freeport, Alvin, Angleton, Pearland, and many others. It is one of the fastest growing counties in the region with a current population of 330,242. The local economy is dependent on the vastly growing petrochemical industry, high demand deep water port, tourism, agribusiness, education, medical, and retail. The county has a long history of thriving in industries such as petrochemical and mineral resources (oil, gas, sulfur, salt, lime and gravel). Since 2008, major petrochemical companies throughout the county have invested an estimated $26.9 billion. this investment created over 11,000 direct and indirect jobs for the area. history of thriving in industries such as petrochemical and mineral resources (oil, gas, sulfur, salt, lime and gravel). The area's recent job growth has been at 2.96%, which is more than twice the rate of the national average at 1.16%. At this rate, it has been predicted that over the next ten years, Brazoria county will have a job growth of 41.10%. The national average has been predicted to be at a 36.10% job growth over the next ten years. With the region's steady economic growth and continuous need for major employer expansions, Brazoria county's median household income surpasses region's, Texas', and the nation's median household incomes. Brazoria County's household income is at $67,018 and the U.S. is at $53,046. BRAZORIA COUNTY TOP EMPLOYERS EMPLOYER LOCATION TYPE NO OF EMPLOYEES The Dow Chemical Company Freeport Chemical 4,200 Fluor Corporation Freeport Specialty Contractor 3,161 Zachry Group County-wide Specialty Contractor 2,821 Alvin I.S.D. Alvin Education 2,781 Pearland I.S.D. Pearland Education 2,524 Texas Dept of Criminal Justice County-wide Criminal Justice 2,409 The Infinity Group Clute Specialty Contractor 1,673 Brazosport I.S.D. Clute Education 1,624 Brock Group Clute Specialty Contractor 1,569 Brazoria County County-wide Government 1,335 Phillips 66 Sweeny Refining 970 BASF Corporation Freeport Chemical 915 Angleton I.S.D. Angleton Education 865 Excel Freeport Specialty Contractor 762 TDECU County-wide Financial 750 Dish Network Alvin Inbound Call Center 750 Schlumberger Technology Corp. Rosharon Oil Well Products 700 Brazospsort Regional Health Sys Lake Jackson Medical 650 Ascend Performance Materials Alvin Chemical 620 City of Pearland Pearland Government 562

12 Lake Jackson/Freeport Lake Jackson/Freeport Lake Jackson/Freeport are located in south central Brazoria County, Texas, within the Houston-Sugar Land-Baytown Metropolitan Area. Lake Jackson is bordered to the east by the cities of Clute and Richwood, and to the southwest by the Brazos River. Texas State Highway 288, the Nolan Ryan Expressway, runs through the city, leading 10 miles north to Angleton, the county seat, 52 miles north to downtown Houston, and 9 miles southeast to Freeport on the Gulf of Mexico. The Brazosport Center for the Arts and Sciences in Lake Jackson offers an art gallery, two theaters, a museum of natural science, and a nature center and planetarium, while the city maintains a number of parks, including Wilderness Park, a large undeveloped area that extends to the bank of the Brazos. The Wilderness Golf Course Lake Jackson's famed golf club, The Wilderness, has established itself as one of the top 50 golf courses in Texas. The rustic, western-themed unique course is complete with 18 holes of natural rolling terrain nestled in the wetlands area of Lake Jackson. New HEB Plus A new Lake Jackson Oyster Creek HEB store has been completed less than 2 miles northeast of the Dow Texas Innovation Center. The new HEB store consists of 80,000 square feet and was completed in It has a fully equipped Cooking Connections chef live demonstration/daily sampling center and business center. This new HEB has approximately 350 employees. The Dow Chemical Company and the Brazosport Independent School District are the two major employers. Dow is considered to have given birth to the idea of Lake Jackson in 1941 as a community for workers at its Freeport plant, and is referred to by some as "Daddy Dow." Its population is said to have diversified beyond its chemical roots and Lake Jackson is now home to other chemical and manufacturing facilities along with many other types of businesses. In Lake Jackson's early days, Dow helped to create a booming economy and it continues to do that today with its expansion project that is estimated to bring over 2,000 employees to the area. Downtown Revitalization Project The City of Lake Jackson has planned a downtown revitalization project to accommodate its growing workforce and population. The city budgets an approximate investment of $24-$25 million. The revitalization project will add more streets and update the existing ones in order to increase the flow of traffic more efficiently. The plan, which includes planting 1,200 trees along highways, also includes pedestrian and bike lanes. Phase 1 is projected to begin in Parks and Open Space Master Plan Project Lake Jackson is currently undergoing a massive Parks and Open Space Master Plan project. This project focuses on parks, trails, and open spaces at both the neighborhood and the city-wide levels. Since late 2015, the Parks & Recreation Department has improved lighting by 300%, renovated the Rec Center, updated the MacLean Park Walking Trail, and many other new installations. Other improvements include but are not limited to adding new parks, creating a new dog park, renovating Jasmine Park, and updating all the parks' signage. The Dow Texas Innovation Center The Dow Texas Innovation Center completed a portion of the first part of the Texas Innovation Center in 2015 in downtown Lake Jackson and is fully operational. The 230,000 square foot building is called The Diamond Center. Is serves as Dow's employee services building with a wellness center, food service area, visitor center, and more. The Texas Innovation Center will be a five-building research and development complex that is scheduled to have 3 more buildings completed by the end of The center currently has 2,500 employees and anticipates to add an additional 300 employees once the other 3 buildings are operational. The new center will replace the Michiganbased chemical giant's current R&D facility in Freeport. When complete the center will have lab and office space for more than 2,000 employees.

13 Rendering of the new Dow Chemical Co. Research and Development Center in Lake Jackson The City of Freeport, Texas is home to heavy employment drivers such as Freeport LNG, Port Freeport, Dow Chemical, and many others with an employee count of between 500 to 4,000 employees each. Between Dow Chemical and Freeport LNG, the petrochemical industry is investing approximately $4 billion on expansion projects starting in 2016 and Freeport LNG Lake Jackson/Freeport The enhanced capabilities at our new location will continue the tradition of R&D expertise in Texas by delivering leading-edge technology, Andrew Liveris, Dow s chairman and CEO, said in a statement. Dow added that the center is designed to lead to advances in the innovation and commercialization of chemical solutions that impact the food packaging, personal care and automotive industries. Houston-based Core Real Estate, LLC is developing the center, and Houston-based Kirksey Architecture is designing it. Dow is investing in much more than a new innovation center. The company, which employs more than 6,000 people in the Houston area, is also pursuing a more than $4 billion petrochemical expansion throughout the Gulf Coast. Many of the projects in this expansion are adding capacity to the company's operation in Freeport. Dow Chemical announced it would be taking advantage of increasing supplies of U.S. shale gas by building a world-scale propylene plant in Freeport. Dow estimates an investment of $1 billion with 1,400 construction workers during the project with over 170 jobs after completion. The project is scheduled to start 2017 with a 2019 completion. Dow s Freeport site has more than 4,200 employees. More than 88 percent live in Brazoria County. Freeport LNG (Liquefied Natural Gas) has announced that it will invest approximately $3 billion in two projects, the Liquefaction and Export Project and the Train 4 Liquefaction Project Expansion. The projects will start in 2016 with an expected completion date in The facility and export terminal will take advantage of the huge natural gas reserves that have been unlocked in recent years to provide substantial job creation and economic stimulus to the U.S. at large. New natural gas production and export of LNG represents a long-term economic lift to the nation's natural gas-producing regions and the overall U.S. economy. Due to continuing demand for LNG around the world and the massive abundance of natural gas in the United States, Freeport LNG is now planning to add a fourth natural gas liquefaction unit to the three trains already under construction. This expansion will allow for the export of an additional 5 million tons of LNG per year, and will utilize 1,000 construction workers at its peak and contribute over 280 jobs. Port Freeport The Port of Freeport is the nation's 26th largest port and an economic powerhouse for Brazoria County. With billions of dollars in infrastructure investments underway, it generates approximately $17 billion of economic activity annually with over 13,000 direct local jobs and over 27,000 induced jobs. To accommodate its vastly growing need, the port plans on $180 million in expansion projects. One of the expansion projects includes the Harbor Channel deepening and widening project. The channel will be deepened from 45 feet to 55 feet. Alongside Berth 7 of Velasco Container Terminal is 45 feet of water. As a part the deepening and widening project, the depth will be increased to 50 feet alongside. Additionally two future berths will be constructed to achieve a minimum of 2,200 linear feet for the berthing of Panamax to Post-Panamax class vessels. The additional development will increase the area to about 90 operation acres. Future expansion includes building a 1,300 acre multi-modal facility and two dockside 120,000 square-foot transit sheds. Port Freeport is conveniently accessible by rail, waterway and highway routes.

14 The Red Rose of Texas I 107 Hackberry St. I Clute, TX The Red Rose of Texas PLEASE VERIFY!

15 The Red Rose of Texas I 107 Hackberry St. I Clute, TX Demographics 1 Mile Radius 2 Mile Radius 3 Mile Radius SUMMARY PROFILE Census, 2016 Estimates with 2021 Projections Calculated using Proportional Block Groups The Red Rose of Texas I 107 Hackberry St. I Clute, TX Ethnicity - 1 Mile Radius 2016 Estimated Population 9,348 17,972 33, Projected Population 10,553 20,229 37, Census Population 8,104 16,198 30,384 POPULATION 2000 Census Population 7,683 15,269 28,865 Projected Annual Growth 2016 to % 2.5% 2.5% Historical Annual Growth 2000 to % 1.1% 0.9% 2016 Median Age % 5% 10% 33% White Black Asian Other Hispanic EDUCATION BUSINESS INCOME RACE AND ETHNICITY HOUSEHOLDS (AGE 25+) 2016 Estimated Households 3,401 6,535 12, Projected Households 3,760 7,202 13, Census Households 2,879 5,772 11, Census Households 2,770 5,449 10,459 Projected Annual Growth 2016 to % 2.0% 2.0% Historical Annual Growth 2000 to % 1.2% 1.2% 2016 Estimated White 67.2% 71.0% 75.4% 2016 Estimated Black or African American 11.2% 9.7% 8.6% 2016 Estimated Asian or Pacific Islander 1.3% 1.5% 2.0% 2016 Estimated American Indian or Native Alaskan 0.8% 0.8% 0.7% 2016 Estimated Other Races 19.5% 17.0% 13.3% 2016 Estimated Hispanic 51.1% 47.0% 37.5% 2016 Estimated Average Household Income $56,313 $64,646 $72, Estimated Median Household Income $52,760 $60,484 $64, Estimated Per Capita Income $20,532 $23,551 $27, Estimated Elementary (Grade Level 0 to 8) 11.7% 10.2% 7.5% 2016 Estimated Some High School (Grade Level 9 to 11) 12.5% 10.3% 7.7% 2016 Estimated High School Graduate 26.1% 26.2% 26.2% 2016 Estimated Some College 29.9% 29.6% 30.3% 2016 Estimated Associates Degree Only 4.9% 5.2% 6.9% 2016 Estimated Bachelors Degree Only 10.5% 12.8% 14.6% 2016 Estimated Graduate Degree 4.4% 5.6% 6.7% 2016 Estimated Total Businesses Estimated Total Employees 2,024 7,143 9, Estimated Employee Population per Business Estimated Residential Population per Business Non-Hispanic 49% 51% Hispanic Average Income Subject - 1 Mile Radius $80,000 $72,073 $70,000 $60,000 $56,313 $50,000 $40,000 $30,000 $20,000 $10,000 $0 Subject Houston

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22 EXCLUSIVELY PRESENTED BY KET ENTERPRISES INCORPORATED 4295 San Felipe, Suite 355 Houston, TX Tel: (713) Fax: (713) FOR MORE INFORMATION PLEASE CALL:. PRIMARY CONTACT: HASHIR SALEEM Broker (713) xt 106 Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent rolls, etc. However, we (KET Enterprises Incorporated or any of the Owners or officers, directors, employees, agents or representatives of any such entities) have not verified its accuracy and make no guarantee or representation about it. It is submitted subject to the possibility of errors, omissions, change of rental or other conditions. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. We make no representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the Property or any other matters set forth herein. You and your tax and legal advisors should verify the information and rely on his accountants or attorneys for legal and tax advice. Rates of return vary daily. No representations are made concerning environmental issues, if any.