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Risk Disclosure

Investing in private real estate offerings involves significant risk, including but not limited to:

- Illiquidity: Interests cannot be readily resold and investors should expect to hold for the full projected term.
- Loss of capital: You could lose all or a substantial portion of your investment.
- No guarantee: There is no assurance that projected returns will be achieved, nor that any distributions will be paid.
- Real estate market risk: Property values and rental income can decline due to economic, regulatory, or market conditions.
- Leverage: Use of debt financing amplifies both gains and losses.
- Tax risk: Tax laws can change and may affect the expected tax treatment of your investment.
- Sponsor and operator risk: Performance depends on the general partner's ability to execute the business plan.
- Concentration risk: Investors concentrated in real estate face reduced diversification.

Prospective investors should carefully review the private placement memorandum for each offering and consult with their own legal, tax, and financial advisors.

[LEGAL COUNSEL REVIEW REQUIRED.]

Last updated: 7/5/2026. Contact info@equitymultifamily.com with questions.

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