Finding Value in Private Real Estate

Accredited Investors or Qualified Participants should request the full presentation via an email to [email protected].

The information in this presentation comes from independent sources believed reliable, but accuracy is not guaranteed and has not been independently verified. The security information, portfolio management and tactical decision process are opinions of the Kovitz California Team and Origin Investments. Opinions expressed are only our current opinions or our opinions on the posting date. Any graphs, data, or information in this publication are considered reliably sourced, but no representation is made that it is accurate or complete, and should not be relied upon as such. This information is subject to change without notice at any time, based on market and other conditions. Past performance is not indicative of future results, which may vary.

The value of an investment and the return on invested capital will fluctuate over time and, when sold or redeemed, may be worth less than its original cost. The material in this presentation is not intended as and should not be used to provide investment advice and is not an offer to sell a security or a solicitation or an offer, or a recommendation, to buy a security. Also, nothing in this presentation should be construed as a recommendation to purchase or sell a particular security or follow any investment strategy or allocation. Any forward-looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. Investors should consult with an investment advisor to determine the appropriate investment vehicle. Investment decisions should be made based on the investor's specific financial needs and objectives, goals, time horizon and risk tolerance.

Kovitz Investment Group Partners, LLC (Kovitz) is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940 that provides investment management services to individual and institutional clients. The Kovitz California Team is editor of The Prudent Speculator newsletter and provides investment advice to individual and institutional client accounts. For more information, please visit theprudentspeculator.com or www.kovitz.com. Registration as an investment advisor does not imply any certain level of skill or training.