Risk Notes

Capital loss risk: real estate investments can result in partial or total loss of capital.

Rent and vacancy risk: expected rental income may be lower than modelled or may stop temporarily.

Cost risk: repairs, management, financing, insurance, taxes, and unexpected costs can reduce returns.

Market risk: property values can decline due to interest rates, local demand, affordability, or economic conditions.

Liquidity risk: participation interests may not be freely saleable or redeemable at any time.

Regulatory and tax risk: legal, national, regional, or municipal changes can affect project economics.