The information in this Website (the “Website”) has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or services or to participate in any investment strategy, including an interest in any partnership, limited liability company, or any other investment strategy managed by RCP Student Housing Management LLC, Realco Capital Partners V, LLC, their principals, or any of their subsidiaries or affiliates (“RCP”). No representation or warranty can be given with respect to the accuracy or completeness of the information, or with respect to the terms of any future offer of securities conforming to the terms hereof. Before making any investment, you should thoroughly review the investment documents with your financial and tax advisors to determine whether such an investment is suitable for you in light of your investment objectives and financial situation.

This Website is subject to a more complete description and does not contain all of the information necessary to make a decision with respect to an investment with RCP. Any offering of such an investment may only be made to qualified investors pursuant to the relevant information memorandum, containing material information concerning the relevant terms, fees, investment strategies and risks of an investment, and a definitive subscription agreement, both of which must be read in their entirety. No offer to purchase an investment will be made or accepted prior to receipt by an investor of such documents and the completion of all appropriate documentation. Furthermore, all investors must meet certain securities laws investor qualifications and other eligibility criteria, as described in the applicable offering materials, before they can invest with RCP.

Any information in this Website is provided for informational purposes only and should not be deemed as a recommendation by RCP with respect to an investment. Accordingly, no prospective investor should make any investment decision on the basis of the information contained in this Website. Any liability on account of any party’s use of or reliance on the information contained herein or discussed in the accompanying oral presentation with respect to any such investment decision is hereby expressly disclaimed. Furthermore, this disclaimer does not purport to be a complete itemization or explanation of the risks or considerations involved in an Investment; nor is this Website intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are strongly urged to obtain professional guidance from their tax, financial and legal advisers in evaluating all of the tax, financial and legal implications and risks involved in participating in an Investment.

Any statements regarding market events, future events or other similar statements constitute only subjective views, are based upon expectations or beliefs, should not be relied on, are subject to change due to a variety of factors, including fluctuating market conditions, and involve inherent risks and uncertainties, both general and specific, many of which cannot be predicted or quantified and are the beyond RCP’s control. Future evidence and actual results could differ materially from those set forth in, contemplated by, or underlying these statements. Changes to any assumptions may have a material impact on any projections or estimates. In light of these risks and uncertainties, there can be no assurance that these statements are now or will prove to be accurate or complete in anyway. RCP undertakes no responsibility or obligation to revise or update such statements. Interested parties should conduct their own analysis, using such assumptions as they deem appropriate, and should fully consider other available information, including all information described in the investment documents, in making a decision regarding an investment with RCP.

Return targets or objectives, if any, are used for measurement or comparison purposes and only as a guideline for prospective investors to evaluate a particular investment program’s investment strategies and accompanying information. Targeted returns reflect subjective determinations by RCP based on a variety of factors, including, among others, investment strategy, prior performance of similar products (if any), volatility measures, risk tolerance and market conditions. Performance may fluctuate, especially over short periods.

Targeted returns should be evaluated over the time period indicated and not over shorter periods. Targeted returns are not intended to be predictions of actual performance and should not be relied upon as an indication of actual or future performance. Past performance is not necessarily indicative of future results.

The enclosed reported returns do not reflect the deduction of advisory fees or any performance allocations. The adviser may, depending on the type of investor, the investor’s affiliation with the adviser and the size of the potential investment, vary the fees and allocation paid by a particular investor.

RCP and its respective affiliates disclaim any and all liability relating to this information, including without limitation any express or implied representations or warranties for statements contained in and omissions from this information. Except as otherwise stated herein, RCP does not undertake or have any responsibility to notify you of any changes to the information contained herein. Additional information is available upon request.

This Website is not an advertisement and is intended only for the person to whom it has been distributed. By accessing this Website, the recipient acknowledges and agrees that all of the information contained herein is confidential and that the recipient will keep this information confidential and will not use this information for any purpose other than considering their interest in the transaction being discussed. The recipient further agrees that it will not copy, reproduce or redistribute this Website or disclose or distribute this Website to any third party, in whole or in part without the prior written consent of RCP. Any reproduction or distribution of the Website's contents may constitute a violation of federal and state securities laws. All information contained in this Website is sourced from RCP and its affiliates unless otherwise noted. Certain information has been provided by third-party sources and, although believed to be reliable, it has not been independently verified and its accuracy or completeness cannot be guaranteed.

All figures are estimated and unaudited. Gross returns are the realized returns to an investor before deduction of management fees, fund-level expenses, and performance allocations. Actual returns may vary from one investor to the next in accordance with the terms of the fund’s governing documents. Past performance is not indicative of future results.

In making an investment decision, investors must rely on their own examination of the information provided and the terms of any subsequent offering. No federal or state securities commission or regulatory authority have confirmed the accuracy or determined the adequacy of this Website. Any representation to the contrary is a criminal offense.

Any projections or other estimates in these materials, including estimates of returns or performance, are forward-looking statements based upon certain assumptions and are preliminary in nature. Actual results are difficult to predict and may depend upon events outside RCP’s control. Actual events may differ from those assumed. Other events which were not taken into account may occur and may significantly affect the analysis. Changes to any assumptions may have a material impact on any projections or estimates.

Prospective investors are cautioned not to place undue reliance on such forward-looking statements. RCP, its principals and affiliates disclaim any obligations to update any such factors or to announce the result of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.