• No public market currently exists, and one may never exist, for the interests of any Inland Private Capital Corporation-sponsored program. The purchase of interests in any Inland Private Capital Corporation-sponsored program is suitable only for persons who have no need for liquidity in their investment and who can afford to lose their entire investment. 
• Inland Private Capital Corporation-sponsored programs offer and sell interests pursuant to exemptions from the registration provisions of federal and state law and, accordingly, those interests are subject to restrictions on transfer. 
• There is no guarantee that the investment objectives of any particular Inland Private Capital Corporation-sponsored program will be achieved. 
• The actual amount and timing of distributions paid by Inland Private Capital Corporation-sponsored programs is not guaranteed and may vary. There is no guarantee that investors will receive distributions or a return of their capital.
• Investments in real estate are subject to varying degrees of risk, including, among other things, local conditions such as an oversupply of space or reduced demand for properties, an inability to collect rent, vacancies, inflation and other increases in operating costs, adverse changes in laws and regulations applicable to owners of real estate and changing market demographics.
• Inland Private Capital Corporation-sponsored programs depend on tenants for their revenue, and may suffer adverse consequences as a result of any financial difficulties, bankruptcy or insolvency of their tenants.
• Inland Private Capital Corporation-sponsored programs may own single-tenant properties, which may be difficult to re-lease upon tenant defaults or early lease terminations.
• Continued disruptions in the financial markets and challenging economic conditions could adversely affect the ability of an Inland Private Capital Corporation-sponsored program to secure debt financing on attractive terms and its ability to service that indebtedness.
• The prior performance of other programs sponsored by Inland Private Capital Corporation should not be used to predict the results of future programs.
• The Inland Private Capital Corporation-sponsored programs do not have arm’s length agreements with their management entities.
• The Inland Private Capital Corporation-sponsored programs pay significant commissions and fees to affiliates of Inland Private Capital Corporation, which may affect the amount of income investors earn on their investment.
• Persons performing services for the managers of the Inland Private Capital Corporation-sponsored programs perform services for other Inland Private Capital Corporation-sponsored programs, and will face competing demands for their time and service.
• The acquisition of interests in an Inland Private Capital Corporation-sponsored program may not qualify under Section 1031 of the Internal Revenue Code of 1986, as amended (the “Code”) for tax-deferred exchange treatment.
• Changes in tax laws may occur, and may adversely affect an investor’s ability to defer capital gains tax and may result in immediate penalties.
• The Delaware statutory trust structure is inflexible and, in certain events, may be converted to a LLC structure, which would have a tax impact on investors.