Real Estate / 1031 Risk Disclosure: There’s no guarantee any strategy will be successful or achieve investment objectives; All real estate investments have the potential to lose value during the life of the investments; The income stream and depreciation schedule for any investment property may affect the property owner’s income bracket and/or tax status. An unfavorable tax ruling may cancel deferral of capital gains and result in immediate tax liabilities; All financed real estate investments have potential for foreclosure; These 1031 exchanges are offered through private placement offerings and are illiquid securities. There is no secondary market for these investments; If a property unexpectedly loses tenants or sustains substantial damage, there is potential for suspension of cash flow distributions; Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits; Tax benefits are not guaranteed and are subject to changes in the tax code.