Important Disclosures

General Information

Valoran Capital Management, LLC ("Valoran") is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC"). Registration with the SEC does not imply any particular level of skill, training, expertise, or endorsement by the SEC.

The information contained on this website is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained on this website constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, investment product, or investment strategy.

Any offer or solicitation relating to a private investment fund managed by Valoran may be made only pursuant to the applicable confidential offering documents, including a private placement memorandum, subscription agreement, and other governing documents, which should be reviewed carefully prior to making any investment decision.

Risk of Investing

Investments in private investment funds involve substantial risks and are suitable only for sophisticated investors who are capable of evaluating and bearing the economic risks of an investment, including the potential loss of their entire investment.

Investments in real estate and real estate-related assets are subject to numerous risks, including, but not limited to:

• Market and economic conditions
• Interest rate and financing risks
• Changes in property values
• Tenant and occupancy risks
• Construction and development risks
• Environmental and regulatory risks
• Liquidity constraints
• Leverage-related risks
• Geographic concentration risks

There can be no assurance that any investment objective will be achieved or that any investment strategy will be successful.

Performance Information

Any performance information presented on this website is provided solely for informational purposes.

Past performance is not indicative of future results. Future performance may differ materially from historical performance and no representation is being made that any investment will or is likely to achieve results similar to those shown.

Where performance information is presented:

• Performance may include both realized and unrealized investments.
• Unrealized investments are valued based upon information available as of the applicable reporting date and may differ materially from future realized results.
• Performance results may be presented net of applicable management fees, carried interest, fund expenses, and other investor-borne costs unless otherwise noted.
• Certain figures may be unaudited and subject to revision.

Additional performance information may be available upon request where appropriate.

Predecessor Performance

Certain information presented on this website may include investment experience, track records, and performance information relating to investments originated, acquired, managed, or disposed of through predecessor entities or affiliated organizations.

The investment professionals principally responsible for sourcing, underwriting, structuring, asset management, and disposition decisions for such investments remain substantially involved in Valoran's investment activities. Accordingly, such information is presented as representative of the experience and capabilities of the investment team.

Case Studies and Individual Investments

Any case studies, investment examples, or individual investment descriptions presented on this website are provided solely to illustrate aspects of Valoran's investment approach and should not be considered representative of all investments made by Valoran.

The profitability of any particular investment discussed is not indicative of the profitability of all investments. Past investment outcomes should not be relied upon as an indication of future investment performance.

Market Commentary and Research

Market observations, economic commentary, industry statistics, forecasts, and other research presented on this website are based on information believed to be reliable as of the date presented. Such information may be obtained from third-party sources that Valoran believes to be reliable; however, Valoran does not independently verify all such information and makes no representation or warranty as to its accuracy or completeness.

Market conditions and economic trends may change without notice.

Forward-Looking Statements

This website may contain forward-looking statements, projections, expectations, estimates, targets, assumptions, opinions, or forecasts regarding future events, market conditions, investment opportunities, or investment performance.

Forward-looking statements are inherently uncertain and are based upon assumptions, expectations, and analyses that may prove to be incorrect. Actual events and results may differ materially from those expressed or implied by any forward-looking statements.

No representation is made that any forecast, projection, estimate, target, objective, or expectation will be achieved.

Target Returns and Investment Objectives

Any target returns, investment objectives, expected outcomes, underwriting assumptions, or projected performance information presented on this website are provided solely for illustrative purposes.

Such targets and objectives are not guarantees, predictions, or assurances of future performance and are based upon assumptions that may not be realized. Actual results may differ materially from those presented.

No Reliance

The information contained on this website should not be relied upon as the sole basis for making an investment decision. Prospective investors should conduct their own independent investigation and consult with their legal, tax, accounting, and financial advisers before making any investment decision.

Website Use

All content contained on this website is proprietary to Valoran Capital Management unless otherwise indicated. Unauthorized reproduction, distribution, or use of any content contained herein is prohibited without prior written consent.

Valoran reserves the right to modify, update, or remove information contained on this website at any time without notice.

Contact Information

Valoran Capital Management, LLC

231 S. LaSalle Street, Suite 2100
Chicago, Illinois 60604

investorrelations@valorancapitalmanagement.com