Institutional Real Estate Direct

For institutional investors. | Source: IRED | Institutional Real Estate Direct ("IRED") is a division of Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. | This communication contains confidential information. It is intended solely for the use of the addressee. If this information was received in error, you are strictly prohibited from disclosing, copying, distributing or using any of this information and are requested to contact the sender immediately and destroy the material in its entirety, whether electronic or hardcopy. Some information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s). Any offer can only be made to Qualified or “accredited” investors through the appropriate Offering Memorandum. The Memorandum contains important information concerning risk factors and other material aspects of the investment and should be read carefully before an investment decision is made. Mesirow Financial does not provide legal or tax advice. It should not be assumed that any reference to past performance or recommendations incorporated herein will be profitable or will equal past performance. Projected or hypothetical or model performance information and results do not reflect actual trading or asset or fund advisory management; the results may not reflect the impact that material, economic and market factors may have had, may be materially different from actual results, and can reflect the benefit of hindsight on MFDRE’s decision-making if MFDRE were actually managing client’s money. It should be assumed that client returns will be reduced by advisory, management or any other such fees and expenses that may be incurred in the management of the account. Advisory Fees are described in MFDRE’s Part 2 of the Form ADV. Performance information provided also contemplates reinvestment of dividends. Any chart, graph, or formula should not be used by itself to make any trading or investment decision. Securities offered through Mesirow Financial, Inc., member FINRA and SIPC.Real Estate assets under management are as of 12.31.2021 and include regulatory assets under management (gross asset value plus unfunded commitments). The most recent data is preliminary and estimated. Investment management services are provided through Mesirow Financial Investment Management, Inc. an SEC-registered investment advisor. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle. Any offer can only be made to Qualified and/or “accredited” investors as appropriately defined in the OM particular to any investment. The Memorandum contains important information concerning risk factors and other material aspects of the investment and should be read carefully before an investment decision is made.