Will the Fund utilize leverage to acquire investments?
To help maximize investor returns, the Fund intends to use a prudent and conservative amount of leverage to acquire investments. The Fund’s target leverage ratio, subject to an initial ramp-up period, is 20%—40% and shall not exceed 50% of the aggregate fair market value of the underlying investments at any point. In all cases, the leverage utilized will be recourse to the Fund or its REIT Subsidiary, not Fund investors.