<SEC-DOCUMENT>0001193125-21-257916.txt : 20210827
<SEC-HEADER>0001193125-21-257916.hdr.sgml : 20210827
<ACCEPTANCE-DATETIME>20210826214636
ACCESSION NUMBER:		0001193125-21-257916
CONFORMED SUBMISSION TYPE:	S-11/A
PUBLIC DOCUMENT COUNT:		9
FILED AS OF DATE:		20210827
DATE AS OF CHANGE:		20210826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENERATION INCOME PROPERTIES, INC.
		CENTRAL INDEX KEY:			0001651721
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				474427295
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-11/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-235707
		FILM NUMBER:		211213987

	BUSINESS ADDRESS:	
		STREET 1:		401 EAST JACKSON STREET
		STREET 2:		SUITE 3300
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33602
		BUSINESS PHONE:		813-448-1234

	MAIL ADDRESS:	
		STREET 1:		401 EAST JACKSON STREET
		STREET 2:		SUITE 3300
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33602
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-11/A
<SEQUENCE>1
<FILENAME>d845232ds11a.htm
<DESCRIPTION>S-11/A
<TEXT>
<HTML><HEAD>
<TITLE>S-11/A</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>As filed with the Securities and Exchange Commission on August&nbsp;26, 2021 </B></P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Registration No.&nbsp;333-235707 </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES
AND EXCHANGE COMMISSION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>Amendment No. 10 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>to </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">S-11</FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FOR REGISTRATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><I>UNDER THE SECURITIES ACT OF 1933 </I></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><I>OF SECURITIES OF CERTAIN REAL ESTATE COMPANIES </I></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>GENERATION
INCOME PROPERTIES, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of Registrant as Specified in its Governing Instruments) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>401 East Jackson Street, Suite 3300 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Tampa, Florida 33602 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">813-448-1234</FONT></FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address, Including Zip Code, and Telephone
Number, </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Including Area Code, of Registrant&#146;s Principal Executive Offices) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>David Sobelman </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>President and Chief Executive Officer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>401 East Jackson Street, Suite 3300 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Tampa, Florida 33602 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">813-448-1234</FONT></FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name, Address, Including Zip Code, and
Telephone Number, </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Including Area Code, of Agent for Service) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>With copies to: </I></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="50%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Curt Creely, Esq.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>John Wolfel, Esq.</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FOLEY
&amp; LARDNER LLP<BR>100 North Tampa Street, Suite 2700<BR>Tampa, FL 33602<BR>Tel: (813) <FONT STYLE="white-space:nowrap">229-2300</FONT><BR>Fax: (813) <FONT STYLE="white-space:nowrap">221-4210</FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Alexander R. McClean, Esq.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Margaret K. Rhoda, Esq.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>HARTER SECREST &amp; EMERY LLP</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1600 Bausch&nbsp;&amp; Lomb Place</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Rochester, NY 14604</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Tel:
(585) <FONT STYLE="white-space:nowrap">231-1248</FONT></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fax: (585) <FONT STYLE="white-space:nowrap">232-2152</FONT></B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Approximate date of commencement of proposed sale to the public: </B>As soon as practicable after the effective date of this Registration
Statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If any of the Securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415
under the Securities Act, check the following box.&nbsp;&nbsp;&#9746; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If this Form is filed to register additional securities for an
offering pursuant to Rule&nbsp;462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If
this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same
offering.&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following
box.&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a <FONT
STYLE="white-space:nowrap">non-accelerated</FONT> filer, a smaller reporting company, or an emerging growth company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer,&#148; &#147;smaller reporting company,&#148;
and &#147;emerging growth company&#148; in Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Exchange Act. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="17%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="58%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Large&nbsp;accelerated&nbsp;filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Accelerated filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">Non-accelerated</FONT> filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Smaller&nbsp;reporting&nbsp;company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9746;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Emerging&nbsp;growth&nbsp;company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9746;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;7(a)(2)(B) of the Securities Act. &#9744; </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CALCULATION
OF REGISTRATION FEE </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="72%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>Title of Each Class of Securities to be Registered</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Proposed</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Maximum</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Aggregate</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Offering Price (1)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>Amount of<BR>Registration Fee (2)</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Units consisting of shares of Common Stock, $0.01 par value
per share, and Warrants to purchase shares of Common Stock, $0.01 par value per share</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$20,700,000</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$2,259*</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common Stock included as part of the Units</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">&#151;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Warrants to purchase shares of common stock included as part
of the Units (3)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">&#151;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shares of Common Stock issuable upon exercise of the Warrants
(4)(5)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$20,700,000</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$2,259*</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Representative&#146;s Warrants (6)(7)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">&#151;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">&#151;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shares of Common Stock, $0.01 par value per share, underlying
Representative&#146;s Warrants (6)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$2,328,750</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$255*</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$43,728,750</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$4,773*</TD></TR>
<TR STYLE="font-size:1px; ">
<TD COLSPAN="5" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1px; ">
<TD COLSPAN="5" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Previously paid. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Pursuant to Rule 416 of the Securities Act of 1933, as amended, such number of securities registered hereby
also shall include an indeterminate number of shares of common stock that may be issued in connection with stock splits, stock dividends, recapitalizations or similar events. Includes the offering price of additional units that the underwriters have
the option to purchase. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(o) under the
Securities Act of 1933, as amended. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">In accordance with Rule 457(i) under the Securities Act, because the shares of the Registrant&#146;s common
stock underlying the warrants are registered hereby, no separate registration fee is required with respect to the warrants registered hereby. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">There will be issued warrants to purchase one share of common stock in each Unit offered. The warrants are
exercisable at a per share price of 100% of the public offering price per Unit. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Includes shares of common stock which may be issued upon exercise of additional warrants included in the Units
which may be issued upon exercise of 30-day option granted to the underwriters to cover over-allotments, if any. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Registers warrants to be granted to the representative of the underwriters, or its designees, for an amount
equal to 9.0% of the number of the Units sold to the public, and assuming a per share exercise price equal to 125% of the price per Unit in this offering. See &#147;Underwriting&#148; on page&nbsp;111 for information on underwriting arrangements.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">No registration fee required pursuant to Rule&nbsp;457(g) under the Securities Act of 1933, as amended.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Registrant hereby amends
this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in
accordance with Section&nbsp;8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section&nbsp;8(a), may determine. </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Arial Narrow"><FONT COLOR="#ff4338"><B>The information in this prospectus is not complete and may be changed. We may not sell
these securities until the registration statement filed with the Securities and Exchange Commission becomes effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any
jurisdiction where the offer or sale thereof is not permitted. </B></FONT></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT COLOR="#ff4338"><B>SUBJECT TO COMPLETION, DATED AUGUST&nbsp;26, 2021 </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PRELIMINARY PROSPECTUS </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g845232g40e18.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>GENERATION INCOME PROPERTIES, INC. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>1,500,000 UNITS </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>EACH
UNIT CONSISTING OF ONE SHARE OF </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>COMMON STOCK AND ONE WARRANT TO </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURCHASE ONE SHARE OF COMMON STOCK </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">We are an internally managed
Maryland corporation focused on acquiring and investing primarily in freestanding, single-tenant commercial properties net leased to investment grade tenants. We intend to elect and qualify to be taxed as a real estate investment trust
(&#147;REIT&#148;) for federal income tax purposes commencing with our taxable year ending December&nbsp;31, 2021. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">We are offering 1,500,000 units (each, a
&#147;Unit&#148; and collectively, the &#147;Units&#148;) in a firm commitment underwritten public offering. Each Unit consists of one share of our common stock, par value $0.01 per share, and one warrant (each, a &#147;Warrant&#148; and
collectively, the &#147;Warrants&#148;) to purchase one share of our common stock at an exercise price equal to 100% of the price of each Unit sold in this offering. Each Warrant offered as part of the Unit will be exercisable upon the first
separate trading date of the Warrants and will expire five years from the date of issuance. We expect the public offering price of our Units to be between $10.00 and $12.00 per Unit. We have granted the underwriters a period of 30 days to purchase
up to an additional 225,000 Units, which the underwriters may only exercise to cover over-allotments made in connection with this offering. The underwriters have informed us that the gross proceeds of this offering will not be less than $15,000,000.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">Our common stock is currently approved to be quoted on the OTCQB Venture Market under the symbol &#147;GIPR&#148;. Prior to this offering, there has been
no public market for our Units or Warrants. The Units have been approved for listing on the Nasdaq Capital Market under the symbol &#147;GIPRU.&#148; Immediately following this offering, only the Units will begin trading. There will be no trading
market for the common stock and the Warrants until after the Units cease trading. We expect the common stock and Warrants comprising the Units will begin separate trading, and the Units will cease trading, on the 31st day following the date of this
prospectus. The common stock and Warrants will only trade separately prior to the 31st day following the date of this prospectus if Maxim Group LLC, the representative of the underwriters, informs us of its decision to allow earlier separate trading
and we file a Current Report on Form 8-K and issue a press release announcing when the separate trading will begin. Once the securities comprising the Units begin separate trading, the common stock and Warrants will be listed on the Nasdaq under the
symbols &#147;GIPR&#148; and &#147;GIPRW,&#148; respectively. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investing in our Units involves risks. You should carefully read and consider the &#147;<A HREF="#tx845232_3">Risk
 Factors</A>&#148; beginning on page&nbsp;16 of this prospectus before investing. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">We qualify as an &#147;emerging growth company&#148; as defined in
the Jumpstart Our Business Startups Act and will be subject to reduced public company reporting requirements. See &#147;Jumpstart Our Business Startups Act&#148; contained herein. </P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman"><B>Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, determined if this
prospectus is truthful or complete or passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense.</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="37%"></TD>

<TD VALIGN="bottom" WIDTH="20%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="20%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="20%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Price&nbsp;to&nbsp;Public</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Underwriting&nbsp;Discount&nbsp;and<BR>Commissions<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Proceeds&nbsp;to&nbsp;Us,&nbsp;before<BR>expenses<SUP STYLE="font-size:85%; vertical-align:top">(2)(3)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Per Unit:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Total:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman; " ALIGN="left">In addition to the underwriting discount, we have agreed to issue the representative of the underwriters a
warrant to purchase a number of common shares equal to an aggregate of 9% of the number of Units sold in this offering. As of the date hereof, an affiliate of Maxim Group LLC, holds 15,299 shares of our common stock, which were issued as
compensation for advisory services unrelated to this offering. See &#147;Underwriting&#148; for details regarding the compensation payable to the underwriters in connection with this offering. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman; " ALIGN="left">We expect that the amount of expenses of the offering that we will pay will be approximately $1,137,000.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman; " ALIGN="left">We have granted the underwriters an option for a period of 30 days to purchase up to an additional 225,000
Units. If the underwriters exercise this option in full, the additional underwriting discounts and commissions payable by us will be $222,750 and the total proceeds to us, before expenses, will be $17.3&nbsp;million, in each instance at an assumed
public offering price of $11.00 per Unit, which is the midpoint of the price range indicated on the cover page of this prospectus. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Sole Book-Running Manager</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Co-Manager</I></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center"><B>Maxim Group LLC</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Joseph Gunnar &amp; Co. LLC</B></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The date of this prospectus is
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; , 2021. </B></P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc"></A>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_1">OFFERING SUMMARY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_2">THE OFFERING</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_3">RISK FACTORS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_4">USE OF PROCEEDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_5">DETERMINATION OF OFFERING PRICE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_5a">CAPITALIZATION </A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_6">DILUTION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_7">OUR DISTRIBUTION POLICY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_8">OUR BUSINESS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_9">JUMPSTART OUR BUSINESS STARTUPS ACT</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_10">MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
 OPERATIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_11">OUR MANAGEMENT</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_12">EXECUTIVE COMPENSATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_13">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</A></P></TD>

<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_14">CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_15">INVESTMENT POLICIES AND POLICIES WITH RESPECT TO CERTAIN
ACTIVITIES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_16">DESCRIPTION OF SECURITIES </A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_17">PRIOR PERFORMANCE SUMMARY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_18">OUR OPERATING PARTNERSHIP AND THE PARTNERSHIP AGREEMENT</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_19">MATERIAL FEDERAL INCOME TAX CONSIDERATIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_20">ERISA CONSIDERATIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">110</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_21">UNDERWRITING</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_22">LEGAL MATTERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_23">EXPERTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx845232_24">WHERE YOU CAN FIND MORE INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ABOUT THIS PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In this prospectus, references to the &#147;Company,&#148; &#147;we,&#148; &#147;us,&#148; &#147;our&#148; or similar terms refer to Generation Income
Properties, Inc., a Maryland corporation, together with its consolidated subsidiaries, including Generation Income Properties, L.P., a Delaware limited partnership, which we refer to as our operating partnership (the &#147;Operating
Partnership&#148;). As used in this prospectus, an affiliate, or person affiliated with a specified person, is a person that directly or indirectly, through one or more intermediaries, controls or is controlled by, or is under common control with,
the person specified. On October 12, 2020, we effected a one-for-four reverse split of our common stock, or the Reverse Split. Unless otherwise specified or the context otherwise indicates, the information contained in this prospectus has been
adjusted to give effect to the Reverse Split. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You should rely only on the information contained in this prospectus. We have not authorized anyone to
provide you with different or additional information. If anyone provides you with different or inconsistent information, you should not rely on it. Neither we, nor anyone working on our behalf, are making an offer to sell these securities in any
jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus prepared by us is accurate only as of their respective dates or on the date or dates which are specified in these documents.
Our business, financial condition, liquidity, results of operations and prospects may have changed since those dates. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MARKET DATA
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We use market data and industry forecasts and projections throughout this prospectus. We have obtained substantially all of this information from
independent industry sources and publications as well as from research sources prepared by third party industry sources. Any forecasts are based on data (including third party data), models and experience of various professionals, and are based on
various assumptions, all of which are subject to change without notice. In addition, we have obtained certain market and industry data from publicly available industry publications. We believe that the surveys and market research others have
performed are reliable, but we have not independently verified this information. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STATEMENTS REGARDING FORWARD-LOOKING INFORMATION
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We make statements in this prospectus that are forward-looking statements within the meaning of the federal securities laws. The words
&#147;believe,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;anticipate,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;seek,&#148; &#147;may,&#148; &#147;continue,&#148; &#147;could,&#148; &#147;might,&#148; &#147;potential,&#148;
&#147;predict,&#148; &#147;should,&#148; &#147;will,&#148; &#147;would,&#148; and similar expressions or statements regarding future periods or the negative of these terms are intended to identify forward-looking statements. These forward-looking
statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any predictions of future results, performance or
achievements that we express or imply in this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The forward-looking statements included in this prospectus are based upon our current
expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions
and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable
assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements. Since our common stock may be considered a &#147;penny stock,&#148; we may be ineligible to rely on the safe harbor for
forward-looking statements provided in Section&nbsp;27A of the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), and Section&nbsp;21E of the Securities and Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Factors that could have a material adverse effect on our forward-looking statements and upon our business, results of operations, financial condition, funds
derived from operations, cash available for distribution, cash flows, liquidity and prospects include, but are not limited to, the factors referenced under the caption &#147;Risk Factors.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any of the assumptions underlying forward-looking statements could be inaccurate. You are cautioned not to place undue reliance on any forward-looking
statements included in this prospectus. All forward-looking statements are made as of the date of this prospectus and the risk that actual results will differ materially from the expectations expressed in this prospectus will increase with the
passage of time. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this prospectus, whether as a result of new information, future
events, changed circumstances or any other reason. In light of the significant uncertainties inherent in the forward-looking statements included in this prospectus, the inclusion of such forward-looking statements should not be regarded as a
representation by us or any other person that the objectives and plans set forth in this prospectus will be achieved. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_1"></A>OFFERING SUMMARY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>The following summary highlights information contained elsewhere in this prospectus. This summary is not complete and does not contain all of the
information that you should consider before investing in our securities. You should read the entire prospectus, including &#147;Risk Factors,&#148; before making a decision to invest in our Units.</I></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Our Company </B></P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are an internally
managed real estate investment company focused on acquiring and managing income-producing retail, office and industrial properties net leased to high quality tenants in major markets throughout the United States. With interest rates at historical
lows, we believe our focus on owning properties leased to investment grade or creditworthy tenants provide attractive risk adjusted returns through current yields, long term appreciation and tenant renewals. As of August&nbsp;13, 2021, approximately
73% of our portfolio&#146;s annualized base rent was received from tenants that have (or whose parent company has) an investment grade credit rating of &#147;BBB-&#148; or higher and 100% of our rent was paid on a timely basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that single-tenant commercial properties, as compared with shopping centers, malls, and other traditional multi-tenant properties, offer a distinct
investment advantage since single-tenant properties generally require less management and operating capital and have less recurring tenant turnover than do multi-tenant properties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Given the stability and predictability of the cash flows, many net leased properties are held in family trusts, providing us an opportunity to acquire these
properties for tax deferred units while giving the owners potential liquidity through the conversion of the units for freely tradable shares of stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
intend to use substantially all of the net proceeds from this offering to operate our existing portfolio of commercial real estate properties and acquire additional freestanding, single-tenant commercial properties. Once we qualify for taxation as a
REIT, we intend to make regular cash distributions to our stockholders out of our cash available for distribution, typically on a monthly basis. Generally, our policy will be to pay distributions from cash flow from operations. However, our
distributions may be paid from sources other than cash flows from operations, such as from the proceeds of this offering, borrowings or distributions in kind. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have been organized as a Maryland corporation and intend to operate in conformity with the requirements for qualification and taxation as a REIT under U.S.
federal income tax laws, commencing with our taxable year ending December 31, 2021. </P>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Business Objectives and Investment Strategy </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We intend to acquire and manage a diversified portfolio of high quality net leased properties that generates predictable cash flows and capital appreciation
over market cycles. We expect that these properties generally will be net leased to a single tenant. Under a net lease, the tenant typically bears the responsibility for most or all property related expenses such as real estate taxes, insurance, and
maintenance costs. We believe this lease structure provides us with stable cash flows over the term of the lease, and minimizes the ongoing capital expenditures. We seek to identify properties in submarkets with high barriers to entry for
development and where valuation is frequently influenced by local real estate market conditions and tenant needs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Focus</I><I> </I><I>on</I><I>
</I><I>Real</I><I> </I><I>Estate</I><I> </I><I>Fundamentals</I><I>:</I><B><I> </I></B>We have observed that the market for properties with bond type net leased structures, lease terms greater than ten years, and limited rent escalators upon renewal
are exposed to many of the same operational and market risks as other net leased properties while providing lower returns due to competition. We believe that focusing on traditional real estate fundamentals allows us to target properties with
shorter lease terms, modified net leases or vacancy and thereby may allow us to generate superior returns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Target</I><I> </I><I>Markets</I><I>
</I><I>with</I><I> </I><I>Attractive</I><I> </I><I>Characteristics:</I> We plan to concentrate our investment activity in select target markets with the following characteristics: high quality infrastructure, diversified local economies with
multiple economic drivers, strong demographics, pro-business local governments and high quality local labor pools. We believe that these markets offer a higher probability of producing long term rent growth and capital appreciation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Target Strategic Net Leased Properties:</I><B> </B>We target properties that offer unique strategic advantages to a tenant or an industry and can therefore
be acquired at attractive yields relative to the underlying risk. We look for properties that are difficult or costly to replicate due to a specific location, special zoning, unique physical attributes, below market rents or a significant tenant
investment in the facility, all of which contribute to a higher probability of tenant renewals. Examples of specialized properties include our Pratt &amp; Whitney manufacturing facility located in Huntsville, Alabama whose specialized equipment is
unique to such a facility and the GSA (US Navy) occupied building in Norfolk, Virginia due to the tenant&#146;s buildout for IT and security. We target properties if we believe they are critical to the ongoing operations of the tenant and the
profitability of its business. We believe that the profitability of the operations and the difficulty in replicating or moving operations reflect the importance of the property to the tenant&#146;s business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Target Investments that Maximize Growth Potential: </I>We focus on net leased investment properties where, in our view, there is the potential to invest
incremental capital to accommodate a tenant&#146;s business, extend lease terms and increase the value of a property. We believe these opportunities can generate attractive returns due to the nature of our relationship with the tenant. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Disciplined Underwriting &amp; Risk Management </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We actively manage and regularly review each of our properties for changes in the underlying business, credit of the tenant and market conditions. Before
acquiring a property, we review the terms of the management contract to ensure our team is able to maximize cash flow capital appreciation through potential lease renewals and/ or potential re-tenanting. Additionally, we monitor any required capital
improvements that would lead to increased rental income or capital appreciation over time. We focus on active management with the tenants upon the acquisition of an asset since our experience in the single-tenant, commercial real estate industry
indicates that active management and fostering tenant relationships has the potential to positively impact long-term financial outcomes, such as: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">better communication with corporate level and unit level staff to determine ongoing company and location-specific
performance, strategic goals and directives; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the ability to hold a tenant accountable for property maintenance during occupancy in order to reduce the
probability of future deferred maintenance expenses; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the ability to develop relationships with tenants as an active participant in their occupancy which can lead to
better communication during times of potential negotiations. </P></TD></TR></TABLE>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Underwriting Process </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our extensive underwriting process evaluates key fundamental value drivers that we believe will attract long-term tenants and result in property appreciation
over time. This comprehensive pre-ownership analysis led by our CEO (David Sobelman, who has over 15 years in different capacities within the net lease commercial real estate investment market) helps us to assess location level performance,
including the possible longevity of tenant occupancy throughout the primary lease term and option periods. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We assess target markets and properties using
an extensive underwriting and evaluation process, including: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">offering materials review; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">property and tenant lease information; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">in depth conversations with offering agent, local brokers and property management companies;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">thorough credit underwriting of the tenant; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">review of tenant&#146;s historical performance in the specific market and their nationwide trend to determine
potential longevity of the asset and tenant&#146;s business model; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">market real estate dynamics, including macroeconomic market data and market rents for potential rental rate
changes after initial lease term; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">evaluation of business trends for local real estate demand specifics and competing business locations;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">review of asset level financial performance; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">pre-acquisition discussions with the asset manager to confirm property specific reserve amounts and potential
future capital expenditures; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">review of property&#146;s physical condition and related systems; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">financial modeling to determine our preliminary baseline pricing. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Specific acquisition criteria may include, but is not limited to, the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">properties with existing, long-term leases of approximately seven years or greater; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">premier locations and facilities with multiple alternative uses; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">sustainable rents specific to a tenants&#146; location that may be at or below market rents;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">investment grade or strong credit tenant; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">properties not subject to long-term management contracts with management companies; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">opportunities to expand the tenants&#146; building and/or implement value-added operational
improvements;&nbsp;and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">population density and strong demand growth characteristics supported by favorable demographic indicators.
</P></TD></TR></TABLE>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Competitive Strengths </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect the following factors will benefit the Company as we implement our business strategy: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Focused Property Investment Strategy</I>.&nbsp;We have invested and intend to invest primarily in assets that
are geographically located in prime markets throughout the United States, with an emphasis on the major primary and coastal markets, where we believe there are greater barriers to entry for the development of new net lease properties.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Experienced Board of Directors</I>. We believe that we have a seasoned and experienced board of directors that
will help us achieve our investment objectives. In combination, our directors have approximately 110 years of experience in the real estate industry. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Real Estate Industry Leadership and Networking</I>.&nbsp;We are led by our Chairman, President and Chief
Executive Officer, David Sobelman. He founded the Company after serving in different capacities within the net lease commercial real estate market. Mr.&nbsp;Sobelman has held various roles within the single tenant, net lease commercial real estate
investment market over the past 18 years, including investor, asset manager, broker, owner, analyst and advisor. Mr. Sobelman started his real estate career in 2003 as a real estate analyst and ultimately emerged into a Managing Partner of a
solely-focused, triple net lease commercial real estate firm. He has procured or overseen numerous transactions that ranged from small, private investments to portfolio transactions with individual aggregate values of approximately $69 million.
Additionally, Mr. Sobelman considers himself a pioneer in implementing hands-on management of net leased properties in order to potentially maintain or increase the value of any one asset. He has overseen or actively participated in single tenant
real estate management since 2010. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Established and Developing Relationships with Real Estate Financing Sources</I>. We believe our existing
relationships with institutional sources of debt financing could provide us with attractive and competitive debt financing options as we grow our property portfolio, and provide us the opportunity to refinance our existing indebtedness.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Existing Acquisition Pipeline.&nbsp;</I>We believe our extensive network of long standing relationships will
provide us with access to a pipeline of acquisition opportunities that will enable us to identify and capitalize on what we believe are attractive acquisition opportunities for our leasing efforts. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Growth-Oriented, Flexible and Conservative Capital Structure</I>. With the completion of this offering, we
believe our capital structure will provide us with an advantage over many of our private and public competitors. Upon completion of this offering, we will have no legacy balance sheet issues and limited near-term maturities, which will allow
management to focus on business and growth strategies rather than balance sheet repair. </P></TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Financing Strategies </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our long-term goal is to maintain a lower-leveraged capital structure and lower outstanding principal amount of our consolidated indebtedness. Initially, we
intend to target aggregate borrowings equal to approximately 50% or less of our total assets after we have invested the proceeds of this offering. Individual assets may be more highly leveraged. Over time, we intend to reduce our debt positions
through financing our long-term growth with equity issuances and some debt financing having staggered maturities. Our debt may include mortgage debt secured by our properties and unsecured debt. Over a long-term period, we intend to maintain lower
levels of debt encumbering the Company, its assets and/or the portfolio. </P>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Our Current Portfolio </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following are characteristics of our ten properties as of August&nbsp;13, 2021: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Creditworthy Tenants. </I>Approximately 73% of our portfolio&#146;s annualized base rent as of August&nbsp;13,
2021 was derived from tenants that have (or whose parent company has) an investment grade credit rating from a recognized credit rating agency of &#147;BBB-&#148; or better. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>100% Occupied</I>. Our portfolio is 100% leased and occupied. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Contractual Rent Growth. </I>Approximately 71% of the leases in our current portfolio (based on annualized
base rent as of August&nbsp;13, 2021) provide for increases in contractual base rent during future years of the current term or during the lease extension periods. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Average</I><I> </I><I>Effective</I><I> </I><I>Annual</I><I> </I><I>Rental</I><I> </I><I>per</I><I>
</I><I>Square</I><I> </I><I>Foot</I>. Average effective annual rental per square foot is $18.50. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The table below presents an overview
of the ten properties in our portfolio as of August&nbsp;13, 2021, unless otherwise indicated: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="23%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Property</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Type</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Property</B><br><B>Location</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rentable</B><br><B>Square</B><br><B>Feet </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tenant(s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>S&amp;P</B><br><B>Credit</B><br><B>Rating</B><br><B>(1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Lease</B><br><B>Expiration</B><br><B>Date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Remaining</B><br><B>Term</B><br><B>(Years)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Options</B><br><B>(Number</B><br><B>x&nbsp;Years)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tenant</B><br><B>Contractual</B><br><B>Rent</B><br><B>Escalations</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Annualized</B><br><B>Base&nbsp;Rent</B><br><B>(2) </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Annualized</B><br><B>Base&nbsp;Rent</B><br><B>Sq.&nbsp;Ft.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Base&nbsp;Rent</B><br><B>as&nbsp;a&nbsp;%&nbsp;of</B><br><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Washington,<BR>DC</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">7-Eleven<BR>Corporation</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">A</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3/31/2026</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2&nbsp;x&nbsp;5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$129,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$43.27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Tampa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Starbucks</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2/29/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$182,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$82.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Huntsville,<BR>AL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">59,091</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Pratt&nbsp;&amp;&nbsp;Whitney<BR>Automation, Inc.</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">A-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1/31/2029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$684,996</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Cocoa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">15,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Walgreen&nbsp;Co.&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">7/31/2028&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">8 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">No</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$313,480</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$20.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Norfolk,<BR>VA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">49,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR><BR><BR><BR></TD>
<TD VALIGN="bottom" ALIGN="center">General Services<BR>Administration<BR>of the United<BR>States of<BR>America and</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">AA+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9/17/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">No</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$882,476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$17.68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Norfolk,<BR>VA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">22,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Maersk Line,<BR>Limited</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/31/2022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$375,588</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$16.88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Norfolk,<BR>VA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">34,847</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">PRA Holdings,<BR>Inc. (4)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BB+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">8/31/2027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$721,214</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$20.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Tampa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Sherwin-<BR>Williams</TD>
<TD NOWRAP VALIGN="bottom"><BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7/31/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">5 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$120,750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$34.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Manteo, NC</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7,543</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">General Services<BR>Administration</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">AA+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2/20/2029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$161,346</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$21.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Tampa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7,826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Irby&nbsp;Construction<BR>Company</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/31/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$148,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$18.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Rockford,<BR>IL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">15,288</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">La-Z-Boy<BR>Corporation</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">NR</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10/31/2027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$360,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$23.55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>220,564</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,080,454</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Tenant, or tenant parent, rated entity. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Annualized cash rental income in place as of August&nbsp;13, 2021. Our leases do not include tenant concessions
or abatements. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The lease runs through July 31, 2068. However the Tenant has the right to terminate on the following dates:
July&nbsp;31, 2028, July&nbsp;31, 2033, July&nbsp;31, 2038, July&nbsp;31, 2043, July&nbsp;31, 2048, July&nbsp;31, 2053, July&nbsp;31, 2058 and July&nbsp;31, 2063. We estimate Tenant will stay at least through December&nbsp;31, 2029. On June&nbsp;8,
2021, we entered into a purchase and sale agreement to sell our Cocoa, Florida property to a third party for $5.4 million. The sale is subject to customary closing conditions, including a thirty day inspection period for the purchaser to conduct due
diligence on the property during which the purchaser may terminate the agreement for any reason without penalty. The closing is expected to occur on or before the sixtieth day following the expiration of the diligence period. See &#147;Agreement to
Sell Cocoa, Florida Property&#148; below. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Tenant has the right to terminate the lease on August&nbsp;31, 2024 subject to certain conditions.
</P></TD></TR></TABLE>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of August&nbsp;13, 2021, we owned the following ten assets: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant retail condo (3,000 square feet) leased to 7-Eleven Corporation and located at 3707-3711 14th
Street, NW, Washington, D.C., purchased in June 2017 for approximately $2.6 million including fees, costs and other expenses. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant retail stand-alone property (2,200 square feet) leased to Starbucks Corporation and located at
1300 South Dale Mabry Highway in Tampa, Florida purchased in April 2018 for approximately $3.6 million. The building was purchased with debt financing of $3.7 million, which was subsequently refinanced by a new mortgage loan in the amount of $11.3
million secured by this building, our Washington D.C. property described above and our Huntsville, Alabama property described below. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant industrial building (59,000 square feet) leased to Pratt &amp; Whitney Automation, Inc. and
located at 15091 Alabama Highway 20, in Huntsville, AL purchased for $8.4 million in December 2018. The acquisition of the building was funded by debt financing of $6.1 million and preferred equity in one of our subsidiaries of $2.2 million. The
debt incurred in connection with the acquisition of this building was subsequently refinanced by the new mortgage loan in the amount of $11.3 million described above and we redeemed the preferred equity interest in full on December 18, 2019.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant retail building (15,000 square feet) leased to Walgreen Company and located at 1106 Clearlake
Road in Cocoa, Florida purchased in September 2019 for total consideration of approximately $4.5 million. The acquisition was funded with a Redeemable Non-Controlling Interest contribution to one of our subsidiaries of $1.2 million and by debt
financing of approximately $3.4 million. On June&nbsp;8, 2021, we entered into a purchase and sale agreement to sell the property to a third party for $5.4 million. The sale is subject to customary closing conditions, including a thirty day
inspection period for the purchaser to conduct due diligence on the property during which the purchaser may terminate the agreement for any reason without penalty. The closing is expected to occur on or before the sixtieth day following the
expiration of the diligence period. In connection with the pending sale of our Cocoa, Florida property, we are obligated to pay the Operating Partnership a cash acquisition fee equal to 1% of the sale price of the property upon the closing of the
transaction. See &#147;<I>Agreement to Sell Cocoa, Florida Property</I>&#148; below. </P></TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A two-tenant office building (72,000 square feet) leased to the United States General Services Administration and
Maersk Line, Limited, an international shipping company, and located at 2510 Walmer Avenue in Norfolk, Virginia acquired in September 2019 for total consideration of approximately $11.5 million. The acquisition of the building was funded by issuing
248,250 common units in our Operating Partnership, priced at $20.00 per unit, for a total value of $4,965,000 plus an additional $822,000 in cash, and the assumption of approximately $6.0 million of existing mortgage debt which was subsequently
refinanced with a new $8.3 million mortgage loan. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant office building (35,000 square feet) leased to PRA Holdings Inc. and located at 130 Corporate
Boulevard in Norfolk, Virginia acquired in September 2019 for approximately $7.1 million. This acquisition was funded with the issuance of 101,663 common units in our Operating Partnership, priced at $20.00 per unit, for a total value of $2,033,250
plus an additional $100,000 in cash, and the assumption of approximately $5.2 million of existing mortgage debt. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant retail building (3,500 square feet) leased to The Sherwin-Williams Company and located at 508 S.
Howard Ave in Tampa, FL acquired in November 2020 for total consideration of approximately $1.8 million. The acquisition was funded by issuing approximately 24,309 common units in our Operating Partnership, priced at $20.00 per unit, for a total
value of $486,180 and the assumption of approximately $1.3 million of existing mortgage debt which is guaranteed by our CEO. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant office building (7,500 square feet) leased to the United States General Services Administration
and located at 201&nbsp;Etheridge Road, Manteo, NC acquired in February 2021 for approximately $1.7 million. The acquisition was funded with a Redeemable Non-Controlling Interest contribution to one of our subsidiaries of $0.5 million and by debt
financing of approximately $1.3 million. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant office building (7,800 square feet) leased to Irby Construction Company, a wholly owned
subsidiary of Quanta Services Inc., and located at 702 Tillman Road, Plant City, FL acquired in April 2021 for approximately $1.7 million. The acquisition was funded with a Redeemable Non-Controlling Interest contribution to one of our subsidiaries
of $0.9 million and by debt financing of approximately $0.9 million, which is guaranteed by our CEO. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant retail building (15,300 square feet) leased to La-Z-Boy Company, and located at 525 South
Perryville Road Rockford, IL acquired in August 2021 for approximately $4.5 million with Tenants in Common ownership partner Sunny Ridge MHP, LLC. The acquisition was funded with a Redeemable Non-Controlling Interest contribution from Richard
Hornstrom to one of our subsidiaries of $0.65 million, Tenants in Common ownership from Sunny Ridge MHP, LLC (&#147;Sunny Ridge&#148;) of $1.2 million and debt financing of approximately $2.7 million. Mr.&nbsp;Hornstrom owns 50% of Sunny Ridge and
contributed $600,000 of the $950,000 Redeemable Non-Controlling Interest contribution for the Plant City, FL property. </P></TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Agreement
to Sell Cocoa, Florida Property </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On June 8, 2021, we entered into a purchase and sale agreement to sell our Cocoa, Florida property to
a third party for $5.4 million. The sale is subject to customary closing conditions, including a thirty day inspection period for the purchaser to conduct due diligence on the property during which the purchaser may terminate the agreement for any
reason without penalty. The closing is expected to occur the week of August 30, 2021, but there is no assurance that the closing will occur. In the event we complete the sale of the Cocoa, Florida property, the following would be the characteristics
of the nine remaining properties: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Approximately 71% of our portfolio&#146;s annualized base rent as of August 13, 2021 would be derived from
tenants that have (or whose parent company has) an investment grade credit rating from a recognized credit rating agency of &#147;BBB-&#148; or better. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Our portfolio would continue to be 100% leased and occupied. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Approximately 77% of the leases in the current portfolio (based on annualized base rent as of August 13, 2021)
provide for increases in contractual base rent during future years of the current term or during the lease extension periods. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The average effective annual rental per square foot would be $18.34 as of August 13, 2021. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The total rentable square feet would be 205,444 as of August 13, 2021, and annualized base rent would be
approximately $3,767,000 as of August&nbsp;13, 2021. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The leases in our portfolio would have a weighted-average remaining lease term of 6.1&nbsp;years as of
August&nbsp;13, 2021. </P></TD></TR></TABLE>  <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COVID-19 Update </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To date our business has not been significantly impacted by the COVID-19 pandemic. While several of our national tenants have publicly reported financial
challenges they have suffered because of the COVID-19 pandemic, none of our tenants have requested rent abatements or reductions from us. One of our national tenants informed all of its landlords in May 2020 about the financial challenges it was
suffering and referenced concessions to lease terms and base rent it would request. However, to date that tenant has not requested any concessions from us. While obtaining financing during the COVID-19 pandemic has been challenging, we are beginning
to see more lenders enter into new financings for projects like ours. The impact of the COVID-19 pandemic on our business is still uncertain and will be largely dependent on future developments. Please see &#147;Risk Factors&#148; beginning on page
16 for further information. </P>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Potential Acquisition Pipeline </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have a network of long-standing relationships with real estate developers, individual and institutional real estate owners, national and regional lenders,
brokers, tenants and other market participants. We believe this network will provide us with market intelligence and access to a potential pipeline of attractive acquisition opportunities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are continually engaging in internal research as well as informal discussions with various parties regarding our potential interest in potential
acquisitions that fall within our target market. As of the date of this prospectus, however, we are not a party to any binding agreement to purchase any additional properties. There is no assurance that any currently available properties will remain
available, or that that we will pursue or complete any of these potential acquisitions, at prices acceptable to us or at all, following this offering. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Property and Asset Management Agreements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We had previously engaged 3 Properties, a business managed by our President and CEO, to provide asset management services for certain of our properties. These
agreements were terminated effective August 31, 2020. We now manage our properties in-house, except for our Norfolk, Virginia properties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have engaged
Colliers International Asset Services to provide property management services to our two properties in Norfolk, Virginia. The agreements provide for us to pay Colliers International Asset Services a management fee equal to 2.5% of the gross
collected rent of each of the two properties (inclusive of tenant expense reimbursements) as well as a construction supervision fee for any approved construction. The agreements are for a term of one year and automatically renew on a month-to-month
basis thereafter. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Corporate Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We were incorporated in Maryland on June 19, 2015. Our business and registered office is located at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602.
Our telephone number is (813) 448-1234 and our website is www.gipreit.com. The information contained in our website is not incorporated by reference in this prospectus. </P>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Distribution Policy </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We intend to make distributions consistent with our intent to be taxed as a REIT under the Code. We intend to continue to make regular distributions to our
shareholders as determined by our Board. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">From inception through the date of this prospectus, we have distributed approximately $853,000 to common
stockholders. In addition, on August 26, 2021, we announced that our Board of Directors authorized a $0.325 per share quarterly cash distribution for shareholders of record of our common stock as of August 31, 2021. This distribution is expected to
be paid on or about September 15, 2021. David Sobelman, our President, Chief Executive Officer, and founder and current owner of approximately 39% of the Company&#146;s outstanding common stock, has historically waived his dividends and is expected
to continue to waive his dividends until our dividends are fully covered by our cash flow, including dividends on Mr. Sobelman&#146;s shares. However, Mr. Sobelman will be entitled to receive future dividends and his past waivers for these dividends
does not act as a waiver for future dividends. Because we have not yet generated a profit, distributions have been made from offering proceeds and we may choose to pay distributions in kind.<B> </B>We intend to declare monthly distributions. To be
able to pay such dividends, our goal is to generate cash distributions from operating cash flow and proceeds from the sale of properties. However, we cannot provide any assurance as to the amount or timing of future distributions. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REIT Status </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have not qualified as a
REIT to date and will not be able to satisfy the requirements of operating as a REIT until after this offering closes. We intend to elect to be taxed as a REIT for federal income tax purposes commencing with our taxable year ending December 31,
2021. Until that time, we will be subject to taxation at regular corporate rates under the Code. Our qualification as a REIT will depend upon our ability to meet, on a continuing basis, through actual investment and operating results, various
complex requirements under the Code relating to, among other things, the sources of our gross income, the composition and values of our assets, our distribution levels and the diversity of ownership of our shares. We believe that we will be
organized in conformity with the requirements for qualification as a REIT under the Code and that our intended manner of operation will enable us to meet the requirements for qualification and taxation as a REIT for federal income tax purposes
commencing with our taxable year ending December 31, 2021, and continuing thereafter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we qualify as a REIT, we generally will not be subject to
federal income tax on our REIT taxable income that we distribute currently to our shareholders. Under the Code, REITs are subject to numerous organizational and operational requirements, including a requirement that they distribute each year at
least 90% of their taxable income, determined without regard to the deduction for dividends paid and excluding any net capital gains. Once we elect to be qualified as a REIT, if we fail to qualify for taxation as a REIT in any taxable year and do
not qualify for certain statutory relief provisions, our income for that year will be taxed at regular corporate rates, and we will be disqualified from taxation as a REIT for the four taxable years following the year during which we ceased to
qualify as a REIT. Even if we qualify as a REIT for federal income tax purposes, we may still be subject to state and local taxes on our income and assets and to federal income and excise taxes on our undistributed income. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Our Organizational Structure </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We were
formed as a Maryland corporation on June&nbsp;19, 2015. We are the sole general partner of our Operating Partnership, the subsidiary through which we conduct substantially all of our operations and make substantially all of our investments. We will
contribute to our Operating Partnership the net proceeds of this offering as a capital contribution in exchange for additional common units in our Operating Partnership. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Because we will conduct substantially all of our operations through the Operating Partnership, at such time as we qualify as a REIT, we will be considered an
Umbrella Partnership Real Estate Investment Trust (&#147;UPREIT&#148;). We use an UPREIT structure because a sale of property directly to a REIT generally is a taxable transaction to the selling property owner. In an UPREIT structure, a seller of a
property that desires to defer taxable gain on the sale of its property may transfer the property to the Operating Partnership in exchange for common units in the Operating Partnership and defer taxation of gain until the seller later exchanges its
common units in the Operating Partnership on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis for our shares. If our shares are publicly traded at the time of the exchange of units for shares, the
former property owner will achieve liquidity for its investment. Using an UPREIT structure may give us an advantage in acquiring desired properties from persons who may not otherwise sell their properties because of unfavorable tax results. </P>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of August 23, 2021, we own 60.9% of the outstanding common units in the Operating Partnership and
outside investors own 39.1%. After we contribute the net proceeds of this offering to our Operating Partnership in exchange for common units of the Operating Partnership, our percentage ownership of outstanding common units in the Operating
Partnership will increase to approximately 84%, assuming the sale of 1,500,000&nbsp;Units in this offering by us at an assumed public offering price of $11.00&nbsp;per Unit, which is the midpoint of the price range indicated on the cover page of
this prospectus, and the redemption of 112,500&nbsp;shares held by Mr.&nbsp;Sobelman. </P>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following chart shows the structure of the Company as of August 10, 2021: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g845232g36f65.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Brown Family Enterprises, LLC, owns a redeemable limited liability company interest in GIPFL JV
1106&nbsp;Clearlake Road, LLC and a redeemable limited liability company interest in GIPNC 201 Etheridge Road, LLC. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">GIP Fund I, LLC was a private fund controlled by David Sobelman, our President and Chief Executive Officer,
from which we acquired a property in November 2020. Following our acquisition of the property, GIP Fund I was liquidated, and following such liquidation, Mr. Sobelman became the direct owner of an approximately 0.272% interest in GIP LP.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Stephen Brown and Richard Hornstrom each own a redeemable limited liability company interest in GIPFL 702
Tillman Place LLC. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Richard Hornstrom owns a redeemable limited liability company interest in GIPIL 525 S Perryville Rd, LLC.
</P></TD></TR></TABLE>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Summary Risk Factors </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">An investment in our Units involves various risks. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We face
risks and uncertainties that could affect us and our business as well as the real estate industry generally. In addition, new risks may emerge at any time, and we cannot predict such risks or estimate the extent to which they may affect our
financial performance. These risks could result in a decrease in the value of our common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The occurrence of any of the following risks could
materially and adversely affect our business, prospects, financial condition, results of operations and our ability to make cash distributions to our stockholders, which could cause you to lose all or a significant portion of your investment in our
Units. Some statements in this filing, including statements in the following risk factors, constitute forward-looking statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You should carefully
consider the matters discussed in &#147;Risk Factors&#148; before you decide whether to invest in our Units, including the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We have not generated any profit to date and have incurred losses since inception. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Purchasers will suffer immediate and substantial dilution as a result of this offering. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Investing in the Company may result in an immediate loss because buyers may pay more for our common stock than
the pro rata portion of the assets are worth. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The stock price of our common stock may be volatile or may decline regardless of our operating performance, and
you may not be able to resell your shares at or above the public offering price. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We have broad discretion in the use of the net proceeds from this offering and may not use them effectively.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Our President, Chief Executive Officer, and Chairman of the Board will continue to have the ability to exercise
substantial control over corporate actions and decisions. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We depend on distributions from the Operating Partnership to pay expenses. </P></TD></TR></TABLE>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We have limited operating history and may not be able to successfully operate our business or generate sufficient
operating cash flows to make or sustain distributions to our stockholders. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We currently only own ten leased properties. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Many of our future properties will likely depend upon a single tenant for all or a majority of their rental
income, and our financial condition and ability to make distributions may be adversely affected by the bankruptcy or insolvency, a downturn in the business, or a lease termination of a single tenant. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">If we cannot obtain additional capital, our ability to make acquisitions and lease properties will be limited. We
are subject to risks associated with debt and capital stock issuances, and such issuances may have adverse consequences to holders of shares of our common stock. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We have paid and may continue to pay distributions from offering proceeds to the extent our cash flow from
operations or earnings are not sufficient to fund declared distributions. Rates of distribution to you will not necessarily be indicative of our operating results. If we make distributions from sources other than our cash flows from operations or
earnings, we will have fewer funds available for the acquisition of properties and your overall return may be reduced. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Global market and economic conditions, including as a result of health crises may materially and adversely affect
us and our tenants. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We may be adversely affected by unfavorable economic changes in the specific geographic areas where our
investments are concentrated. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Competition with third parties in acquiring properties and other investments may reduce our profitability and the
return on your investment. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Our properties may face competition that could reduce the amount of rent paid to us, which would reduce the cash
available for distributions and the amount of distributions. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We rely on our management team, who devote only some of their time to us and may not be in a position to devote
their full-time attention to our operations, which may adversely affect our operations. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Company is not currently a REIT and may never become a REIT. Failure to qualify as a REIT would adversely
affect our operations and our ability to make distributions. </P></TD></TR></TABLE>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Restrictions on Ownership of Our Common Stock </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Due to limitations on the concentration of ownership in a REIT imposed by the Code, our charter generally prohibits any person from actually, beneficially or
constructively owning more than 9.8% in value or number of shares, whichever is more restrictive, of the outstanding shares of our common stock or more than 9.8% in value of the aggregate outstanding shares of all classes and series of our stock
(the &#147;Ownership Limits&#148;). Our Board of Directors has waived these limits for Mr. Sobelman, who owns 225,004 shares of our common stock, provided that the waiver is conditioned on Mr. Sobelman&#146;s agreement whereby if the Company would
otherwise fail the &#147;closely held&#148; test, and Mr.&nbsp;Sobelman owns greater than 9.8% of our common stock, we will automatically redeem such number of Mr.&nbsp;Sobelman&#146;s shares for consideration of $.01 per share as will permit us to
satisfy the &#147;closely held&#148; test. </P>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_2"></A>THE OFFERING </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="29%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="70%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Units Offered by us:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1,500,000 Units (or 1,725,000 Units if the over-allotment option is exercised in full), each Unit consisting of one share of our common stock and one Warrant to purchase one share of our common stock. Each Warrant will have an
exercise price equal to 100% of the public offering price of one Unit, will be exercisable upon the first separate trading date of the Warrants and will expire five years from the date of issuance. </TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Number of shares of Common Stock Offered by us:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1,500,000 shares (or 1,725,000 shares if the over-allotment option is exercised in full) as part of the Units.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Number of Warrants offered by us:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Warrants to purchase 1,500,000 shares of common stock (or Warrants to purchase 1,725,000 shares of common stock if the over-allotment option is exercised in full) as part of the Units.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Common Stock Outstanding After this Offering:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1,970,367* shares upon the separation of the Units no later than the 31st day following the date of this prospectus.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Trading commencement and separation of common stock and Warrants:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">The Units will begin trading on or promptly after the date of this prospectus. We expect the common stock and Warrants comprising the Units will begin separate trading, and that the Units will cease trading, on the 31st day
following the date of this prospectus unless Maxim Group LLC, the representative of the underwriters, informs us of its decision to allow earlier separate trading. If that occurs, the common stock and Warrants will begin trading separately only
after we have filed a Current Report on Form 8-K with the SEC and issued a press release announcing when the separate trading will begin.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Market for the Securities and Nasdaq Listing;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Our common stock is approved to be quoted on the OTCQB Venture Market under the symbol &#147;GIPR&#148;. The Units, common stock and Warrants have been approved for listing on the Nasdaq Capital Market under the symbols
&#147;GIPRU,&#148; &#147;GIPR&#148; and &#147;GIPRW,&#148; respectively. </TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Over-Allotment Option:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">The Underwriting Agreement provides that we will grant to the underwriters an option, exercisable within 30 days after the closing of this offering, to purchase up to an additional 225,000 Units, solely for the purpose of covering
over-allotments, if any.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Description of Warrants:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Each Warrant will have an exercise price per share of 100% of the public offering price per Unit, will be exercisable upon the first separate trading date of the Warrants and will expire on the fifth anniversary of the original
issuance date. Each Warrant is exercisable for one share of common stock, subject to cashless exercise provisions, and subject to adjustment in the event of stock dividends, stock splits, stock combinations, reclassifications, reorganizations or
similar events affecting our common stock as described herein. Each holder of purchase Warrants will be prohibited from exercising its Warrant for shares of our common stock if, as a result of such exercise, the holder, together with its affiliates,
would own more than 4.99% of the total number of shares of our common stock then issued and outstanding. However, any holder may increase such percentage to any other percentage not in excess of 9.8%. The terms of the Warrants will be governed by a
Warrant Agent Agreement, dated as of the effective date of this offering, between us and VStock LLC, as the warrant agent (the &#147;Warrant Agent&#148;). This offering also relates to the offering of the shares of common stock issuable upon the
exercise of the Warrants. For more information regarding the Warrants, you should carefully read the section titled &#147;Description of Securities&#151;Warrants&#148; in this prospectus.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Use of Proceeds:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We estimate that we will receive net proceeds from this offering of approximately $13.9&nbsp;million (or approximately $16.1&nbsp;million if
the over-allotment option is exercised in full), after deducting underwriting discounts and commissions, and estimated expenses of the offering, assuming a public offering price of $11.00 per Unit, which is the midpoint of the price range indicated
on the cover page of this prospectus.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">We will contribute the net proceeds of this
offering to our Operating Partnership in exchange for common units of the Operating Partnership. Our Operating Partnership intends to use the net proceeds from this offering to operate our existing portfolio of commercial real estate properties; to
acquire additional freestanding, single- or dual-tenant commercial properties, and for general business purposes. We cannot predict if or when we will identify and acquire properties that meet our acquisition criteria so as to permit us to invest
the net proceeds of this offering.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ownership and Transfer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Restrictions:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">In order for us to qualify as a REIT under the Code, our charter generally prohibits any person from actually, beneficially or constructively owning more than 9.8% in value or number, whichever is more restrictive, of the
outstanding shares of our common stock or more than 9.8% in value of the aggregate outstanding shares of all classes and series of our stock. See the section entitled &#147;Description of Securities &#151; Restrictions on Ownership and
Transfer.&#148;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B><FONT STYLE="white-space:nowrap">Lock-Up</FONT> Agreements</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">We and all of our executive officers, directors and our 5% or greater stockholders will enter into <FONT STYLE="white-space:nowrap">lock-up</FONT> agreements with the underwriters. Under these agreements, we and each of these
persons may not, without the prior written approval of the underwriters, offer, sell, contract to sell or otherwise dispose of or hedge common stock or securities convertible into or exchangeable for common stock, subject to certain exceptions. The
restrictions contained in these agreements will be in effect for a period of 180 days after the date of the closing of this offering (90 days in the case of Kitty Talk, Inc.). For more information, see &#147;Underwriting&#148; on page&nbsp;111 of
this prospectus.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Risk Factors:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Investing in our securities involves risks. You should carefully read and consider the information set forth under the heading &#147;Risk Factors&#148; beginning on page 16 and other information included in this prospectus before
investing in our Units.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The number of shares of our common stock to be outstanding after this offering is based on 584,533 shares of
common stock outstanding as of August 23, 2021 and excludes as of such date: </P></TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">100,000 warrants outstanding to purchase up to 100,000 shares of our common stock at an exercise price of $20.00
per share; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">23,167 unvested shares of restricted stock; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">727,163 shares of common stock that can be converted from limited partnership units of Generation Income
Properties, L.P. and its subsidiaries that are outstanding as of August 23, 2021; </P></TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">shares of our common stock issuable upon the exercise of Warrants to be issued to investors in this offering;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">shares of our common stock that may be issued upon exercise of the Representative&#146;s warrants, which
represents 9.0% of the number of shares of common stock being offered hereby, at an exercise price of $13.75 per share, or 125% of the public offering price; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">shares included in the Units that may be issued by us upon exercise of the over-allotment option.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We entered into an agreement with Mr.&nbsp;Sobelman to repurchase 112,500 shares of his shares of common stock for an aggregate sum of
$10.00 effective upon the execution of an underwriting agreement in connection with this offering (which agreement will be terminated if this offering is abandoned or not completed prior to September&nbsp;30, 2021). The number of shares to be
outstanding after the offering gives effect to such redemption. </P>
</div><br clear="All"></div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_3"></A>RISK FACTORS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>An investment in our Units involves risks. In addition to other information in this prospectus, you should carefully consider the following
risks before investing in our Units. The occurrence of any of the following risks could materially and adversely affect our business, prospects, financial condition, results of operations and our ability to make cash distributions to our
shareholders, which could cause you to lose all or a significant portion of your investment in our Units. Some statements in this prospectus, including statements in the following risk factors, constitute forward-looking statements. </I></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Risks Related To This Offering </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The coronavirus outbreak could have an adverse effect on our business. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Coronavirus (COVID-19) has spread rapidly across the globe, including the U.S. The pandemic is having an unprecedented impact on the U.S. economy as federal,
state and local governments react to this public health crisis, which has created significant uncertainties. These uncertainties include, but are not limited to, the potential adverse effect of the pandemic on the economy, our tenants, customer
sentiment in general and general store traffic. For example, if our tenants suffer financially due to the impact of the pandemic, we may experience hardships in collecting rent from our tenants. As the pandemic continues to grow, consumer fear about
becoming ill with the virus and recommendations and/or mandates from federal, state and local authorities to avoid large gatherings of people or self-quarantine may continue. To date, we have not experienced any adverse impacts from COVID-19 on our
current tenant arrangements. However, the extent of the impact of the pandemic on our business and financial results will depend largely on future developments, including the duration of the spread of the outbreak within the U.S., the impact on
capital and financial markets and the related impact on consumer confidence and spending, all of which are highly uncertain and cannot be predicted. This situation is changing rapidly, and additional impacts may arise that we are not aware of
currently. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We have not generated any profit to date and have incurred losses since inception. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We generated $3.5 million and $1.7&nbsp;million in rental revenues for the years ended December&nbsp;31, 2020 and 2019, respectively, and $1.9 million of
rental revenues for the six months ended June&nbsp;30, 2021 and we have cumulative net losses of approximately $5.0 million from inception to June&nbsp;30, 2021. We may never become profitable and you may lose your entire investment. As of
June&nbsp;30, 2021, we had total cash (unrestricted and restricted) of approximately $0.6 million, properties with a cost basis of $43.8 million and outstanding debt of approximately $31.4&nbsp;million. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Purchasers will suffer immediate and substantial dilution as a result of this offering. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Purchasers of shares of our common stock as part of our Units offered by this prospectus will suffer immediate and substantial dilution of their investment.
Assuming all of the Units are sold in this offering at an assumed public offering price of $11.00, which is the midpoint of the price range indicated on the cover page of this prospectus, purchasers in this offering will suffer immediate dilution of
approximately $2.25 per share in the net tangible book value of the common stock. If any of the Warrants are exercised, there will be further dilution. In addition, after 120 days after the Warrants are issued in this offering, any Warrant may be
exercised on a cashless basis for 10% of the shares underlying the Warrant if the volume-weighted average trading price of our shares of common stock on Nasdaq is below the then-effective exercise price of the Warrant for 10 consecutive trading
days. If any such cashless exercise occurs, it will result in additional dilution to our stockholders and no additional proceeds to us in connection with the exercise. See &#147;Dilution&#148; in this prospectus for a more detailed discussion of the
dilution purchasers will incur in this offering. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investing in the Company may result in an immediate loss because buyers may pay more for our
common stock than the pro rata portion of the assets are worth. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have only a limited operating history; therefore, the price of the offered shares
and other terms and conditions regarding our shares may not bear any relationship to assets, earnings, book value or any other objective criteria of value. No appraiser has been consulted concerning the offering price for the shares or the fairness
of the offering price used for the shares. The offering price will not change for the duration of the offering even if the price quoted on the OTCQB changes. The Company&#146;s President, Chief Executive Officer, and Chairman of the Board paid $0.01
per share for his shares, which represents a significant discount compared to what you would pay in this offering. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Because we have 110.0&nbsp;million
authorized shares of stock, management could issue additional shares, diluting the current shareholders&#146; equity. </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have 100.0&nbsp;million
authorized shares of common stock and 10.0&nbsp;million authorized shares of preferred stock, of which only 582,867 shares of common stock are currently issued and outstanding as of August 23, 2021. Our management could, without the consent of the
existing shareholders, issue substantially more shares of common stock, causing a large dilution in the equity position of our current shareholders. Additionally, large share issuances would generally have a negative impact on the value of our
shares, which could cause you to lose a substantial amount, or all, of your investment. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Any additional funding resulting from the sale of our
common stock will result in dilution to existing stockholders. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may have to raise additional capital in order for our business plan to succeed. Our
most likely source of additional capital will be through the sale of additional shares of common stock. Such stock issuances will cause stockholders&#146; interests in the Company to be diluted. Such dilution will negatively affect the value of an
investor&#146;s shares. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>You may not be able to resell your stock. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If a market for our common stock develops, the actual price of our shares will be determined by prevailing market prices at the time of the sale. Even though
our shares are currently approved to be quoted on the OTCQB Venture Market and our shares of common stock will be listed for trading on the Nasdaq, we cannot assure you that there will ever be an active market for our common stock. The trading of
securities on the OTC Markets is often sporadic and investors may have difficulty buying and selling our shares or obtaining market quotations for them, which may have a negative effect on the market price of our common stock. You may not be able to
sell your shares at their purchase price or at any price at all. If no market develops, the holders of our common stock may find it difficult or impossible to sell their shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We can provide no assurance that our Units, shares and Warrants will continue to meet Nasdaq listing
requirements. If we fail to comply with the continuing listing standards of the Nasdaq, our securities could be delisted. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our Units, shares of common
stock and Warrants have been approved for listing on the Nasdaq. For our securities to be listed on the Nasdaq, we must meet the current Nasdaq continued listing requirements. If we were unable to meet these requirements, our securities could be
delisted from the Nasdaq. Any such delisting of our securities could have an adverse effect on the market price of, and the efficiency of the trading market for, our securities, not only in terms of the number of shares and Warrants that can be
bought and sold at a given price, but also through delays in the timing of transactions and less coverage of us by securities analysts, if any. Also, if in the future we were to determine that we need to seek additional equity capital, it could have
an adverse effect on our ability to raise capital in the public or private equity markets. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Warrants are speculative in nature.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Warrants offered in this offering generally do not confer any rights of common stock ownership on their holders, such as voting rights or the right to
receive dividends (other than non-cash dividends), but rather merely represent the right to acquire shares of our common stock at a fixed price for a limited period of time. Specifically, commencing on the date of issuance, holders of the Warrants
may exercise their right to acquire the common stock and pay an exercise price equal to 100% of the public offering price of a Unit, prior to five years from the date of issuance, after which date any unexercised Warrants will expire and have no
further value. In addition, after 120 days after the Warrants are issued in this offering, any Warrant may be exercised on a cashless basis for 10% of the shares underlying the Warrant if the volume-weighted average trading price of our shares of
common stock on Nasdaq is below the then-effective exercise price of the Warrant for 10 consecutive trading days. There is no established trading market for the Warrants and, although the Warrants have been approved for listing on Nasdaq, there can
be no assurance that an active trading market will develop. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Holders of the Warrants will have no rights as a common stockholder until they acquire our
common stock. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Until holders of the Warrants acquire shares of our common stock upon exercise of the Warrants, the holders will, with certain limited
exceptions, have no rights with respect to shares of our common stock issuable upon exercise of the Warrants. Upon exercise of the Warrants, the holder will be entitled to exercise the rights of a common stockholder as to the security exercised only
as to matters for which the record date occurs after the exercise. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The exclusive forum clause set forth in the Warrants may have the effect of
limiting an investor&#146;s rights to bring legal action against us and could limit the investor&#146;s ability to obtain a favorable judicial forum for disputes with us. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Warrants provide for investors to consent to exclusive forum to state or federal courts located in New York, New York. This exclusive forum may have the
effect of limiting the ability of investors to bring a legal claim against us due to geographic limitations and may limit an investor&#146;s ability to bring a claim in a judicial forum that it finds favorable for disputes with us. Alternatively, if
a court were to find this exclusive forum provision inapplicable to, or unenforceable in respect of, one or more of the specified types of actions or proceedings, we may incur additional costs associated with resolving such matters in other
jurisdictions, which could adversely affect our business and financial condition. Notwithstanding the foregoing, nothing in the Warrant limits or restricts the federal district court in which a holder of a Warrant may bring a claim under the federal
securities laws. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>There is no established market for the Units or the Warrants to purchase shares of our common stock being offered in this offering.
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There is no established trading market for the Units or the Warrants. Although the Units and the Warrants have been approved for listing on Nasdaq
there can be no assurance that there will be an active trading market for the Units and the Warrants. Without an active trading market, the liquidity of the Units and the Warrants will be limited. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Provisions of the Warrants offered by this prospectus could discourage an acquisition of us by a third party. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain provisions of the Warrants offered by this prospectus could make it more difficult or expensive for a third party to acquire us. The Warrants prohibit
us from engaging in certain transactions constituting &#147;fundamental transactions&#148; unless, among other things, the surviving entity assumes our obligations under the Warrants. These and other provisions of the Warrants offered by this
prospectus could prevent or deter a third party from acquiring us even where the acquisition could be beneficial to you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The stock price of our common
stock may be volatile or may decline regardless of our operating performance, and you may not be able to resell your shares at or above the public offering price. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The market price of our common stock may be volatile. In addition, the trading volume in our common stock may fluctuate and cause significant price variations
to occur. If the market price of our common stock declines significantly, you may be unable to resell your shares at or above the public offering price. We cannot assure you that the market price of our common stock will not fluctuate or decline
significantly in the future. Some of the factors that could negatively affect our share price or result in fluctuations in the price or trading volume of our common stock include: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">actual or anticipated variations in our operating results, funds from operations, cash flows, liquidity or
distributions; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">changes in our earnings estimates or those of analysts; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">publication of research reports about us or the real estate industry or sector in which we operate;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">increases in market interest rates that lead purchasers of our shares to demand a higher dividend yield;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">changes in market valuations of companies similar to us; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">adverse market reaction to any securities we may issue or additional debt we incur in the future;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">adverse impacts of the coronavirus on our tenants or the economy in general; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">additions or departures of key management personnel; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">actions by institutional stockholders; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">speculation in the press or investment community; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">high levels of volatility in the credit markets; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the realization of any of the other risk factors included herein; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">general market and economic conditions. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may be subject to securities litigation or other litigation, which is expensive and could divert management attention. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our share price may be volatile and, in the past, companies that have experienced volatility in the market price of their stock have been subject to securities
class action litigation. In addition, several initial investors in our common stock in our initial offering under Regulation&nbsp;A have expressly communicated to management about their general displeasure with management, our current stock price
and/or lack of liquidity and their inability to trade our common stock. Although these stockholders have not to our knowledge threatened legal action or asserted specific legal claims against the Company, one stockholder has made a statutory demand
for certain stockholder and business information (in response to which we have provided the requested information, which was primarily publicly available information), and there is no assurance that these stockholders will not make an assertion of a
legal claim in the future. Accordingly, we may be the target of securities related litigation or other similar litigation in the future. Litigation of this type could result in substantial costs and diversion of management&#146;s attention and
resources, which could have a material adverse effect on business, financial condition, results of operations and prospects. Any adverse determination in litigation could also subject us to significant liabilities. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The amount of distributions we may pay, if any, is uncertain. We have paid, and may in the future pay, distributions from sources other than our cash flow
from operations, including borrowings or offering proceeds, which means we will have less funds available for investments and your overall return may be reduced. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have paid, and may in the future pay, distributions from sources other than from our cash flow from operations. We intend to fund the payment of regular
distributions to our stockholders entirely from cash flow from our operations. However, during the early stages of our operations, and from time to time thereafter, we may not generate sufficient cash flow from operations
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
to fully fund distributions to stockholders. Therefore, particularly in the earlier part of our operations, if we choose to pay a distribution, we may choose to use cash flows from financing
activities, which include borrowings (including borrowings secured by our assets), net proceeds of this or a prior offering, or other sources to fund distributions to our stockholders. To the extent we pay distributions from offering proceeds,
including this offering, we will have less funds available to invest in income-producing properties and your overall return may be reduced. From inception through the date of this prospectus, we have distributed approximately $853,000 to common
stockholders. In addition, on August 26, 2021, we announced that our Board of Directors authorized a $0.325 per share quarterly cash distribution for shareholders of record of our common stock as of August 31, 2021. This distribution is expected to
be paid on or about September 15, 2021. Because we have not yet generated a profit, distributions have been made from offering proceeds. To the extent that we fund distributions from sources other than cash flows from operations, the value of your
investment will decline. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financial Industry Regulatory Authority (&#147;FINRA&#148;) sales practice requirements may also limit your ability to
buy and sell our common stock, which could depress the price of our shares. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are subject to FINRA rules which require broker-dealers to have
reasonable grounds for believing that an investment is suitable for a customer before recommending that investment to the customer. Prior to recommending speculative <FONT STYLE="white-space:nowrap">low-priced</FONT> securities to their <FONT
STYLE="white-space:nowrap">non-institutional</FONT> customers, broker-dealers must make reasonable efforts to obtain information about the customer&#146;s financial status, tax status and investment objectives, among other things. Under
interpretations of these rules, FINRA believes that there is a high probability such speculative <FONT STYLE="white-space:nowrap">low-priced</FONT> securities will not be suitable for at least some customers. Thus, FINRA requirements make it more
difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our shares, have an adverse effect on the market for our shares, and thereby depress our share price. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We have broad discretion in the use of the net proceeds from this offering and may not use them effectively. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will have broad discretion in the application of the net proceeds of this offering, including working capital, possible acquisitions of properties and other
general corporate purposes, and we may spend or invest these proceeds in a way with which our stockholders disagree. The failure by our management to apply these funds effectively could adversely affect our business and financial condition. Pending
their use, we may invest the net proceeds from offerings in a manner that does not produce income or that loses value. These investments may not yield a favorable return to our investors. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our President, Chief Executive Officer, and Chairman of the Board will continue to have the ability to exercise substantial control over corporate actions
and decisions. </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of August 23, 2021, our President, Chief Executive Officer, and Chairman of the Board, Mr.&nbsp;Sobelman, owned approximately
39% of our outstanding common stock. Upon completion of this offering and assuming that Mr.&nbsp;Sobelman does not participate in this offering, Mr. Sobelman will own approximately 5.7% of our outstanding common stock assuming the sale of 1,500,000
Units in this offering by us at an assumed public offering price of $11.00 per Unit, which is the midpoint of the price range indicated on the cover page of this prospectus, and the redemption of 112,500 of his shares by us. In addition, following
the liquidation of GIP Fund&nbsp;I, Mr.&nbsp;Sobelman directly owns an approximate 0.272% interest in our operating partnership. As a result, Mr.&nbsp;Sobelman will continue to have the ability to exercise substantial control over decisions
regarding (i) our targeted class of investments, including changing our targeted class of investments, without shareholder notice or consent, (ii) whether to issue common stock and/or preferred stock, including decisions to issue common stock and/or
preferred stock to himself, (iii) employment and compensation arrangements, and (iv) whether to enter into material transactions with related parties. Mr. Sobelman&#146;s interests may not coincide with our interests or the interests of other
shareholders. In addition, this concentration of ownership may have the effect of delaying or preventing changes in control or changes in management or limiting the ability of our other shareholders to approve transactions that they may deem to be
in their best interest. </P>  <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Risks Related to our Common Stock And Structure </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We depend on distributions from the Operating Partnership to pay expenses. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We depend on our Operating Partnership and its subsidiaries for cash flow and are effectively structurally subordinated in right of payment to their
obligations, including mortgage debt or other obligations on the properties owned.&nbsp;&nbsp;&nbsp;&nbsp;If our subsidiaries were unable to supply us with cash over time, we could be unable to pay expenses as they come due. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading
volume could decline. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The trading market for our common stock will depend in part on the research and reports that securities or industry analysts
publish about us and our business. If no analysts commence coverage of us, or if analysts commence and then cease coverage of us, the trading price for our common stock would be negatively affected. If one or more of the analysts publish inaccurate
or unfavorable research about our business, the price for our common stock would likely decline. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Risks Related to Our Business and
Properties </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We have limited operating history and may not be able to successfully operate our business or generate sufficient operating cash
flows to make or sustain distributions to our stockholders. </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We were organized in June 2015 for the purpose of acquiring and investing in
freestanding, single-tenant commercial properties net leased to investment grade tenants. As of August&nbsp;13, 2021, we acquired ten assets. We commenced operations as soon as we were able to raise sufficient funds to acquire our first suitable
property. However, our ability to make or sustain distributions to our stockholders will depend on many factors, including our ability to identify attractive acquisition opportunities that satisfy our investment strategy, our success in consummating
acquisitions on favorable terms, the level and volatility of interest rates, readily accessible short-term and long-term financing on favorable terms, and conditions in the financial markets, the real estate market and the economy. We will face
competition in acquiring attractive net lease properties. The value of the net lease properties that we acquire may decline substantially after we purchase them. We may not be able to successfully operate our business or implement our operating
policies and investment strategy successfully. Furthermore, we may not be able to generate sufficient operating cash flow to pay our operating expenses and make distributions to our stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As an early stage company, we are subject to the risks of any early stage business enterprise, including
risks that we will be unable to attract and retain qualified personnel, create effective operating and financial controls and systems or effectively manage our anticipated growth, any of which could have a harmful effect on our business and our
operating results. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We currently own ten leased properties. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We currently own ten properties. We need to raise funds to acquire additional properties to lease in order to grow and generate additional revenue. Because we
only own ten properties, the loss of any one tenant (or financial difficulties experienced by one of our tenants) could have a material adverse impact on our business and operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Many of our future properties will likely depend upon a single tenant for all or a majority of their rental income, and our financial condition and ability
to make distributions may be adversely affected by the bankruptcy or insolvency, a downturn in the business, or a lease termination of a single tenant. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect that many of our properties will be occupied by only one tenant or will derive a majority of their rental income from one tenant and, therefore, the
success of those properties will be materially dependent on the financial stability of such tenants. Lease payment defaults by tenants could cause us to reduce the amount of distributions we pay. A default of a tenant on its lease payments to us
would cause us to lose the revenue from the property and force us to find an alternative source of revenue to meet any mortgage payment and prevent a foreclosure if the property is subject to a mortgage. In the event of a default, we may experience
delays in enforcing our rights as landlord and may incur substantial costs in protecting our investment and <FONT STYLE="white-space:nowrap">re-letting</FONT> the property. If a lease is terminated, there is no assurance that we will be able to
lease the property for the rent previously received or sell the property without incurring a loss. A default by a tenant, the failure of a guarantor to fulfill its obligations or other premature termination of a lease, or a tenant&#146;s election
not to extend a lease upon its expiration, could have an adverse effect on our financial condition and our ability to pay distributions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may change
our investment objectives without seeking stockholder approval. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may change our investment objectives without stockholder notice or consent.
Although our Board has fiduciary duties to our stockholders and intends only to change our investment objectives when our Board determines that a change is in the best interests of our stockholders, a change in our investment objectives could reduce
our payment of cash distributions to our stockholders or cause a decline in the value of our investments. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may not be successful in identifying and
consummating suitable investment opportunities. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our investment strategy requires us to identify suitable investment opportunities compatible with our
investment criteria. We may not be successful in identifying suitable opportunities that meet our criteria or in consummating investments, including those identified as part of our investment pipeline, on satisfactory terms or at all. Our ability to
make investments on favorable terms may be constrained by several factors including, but not limited to, competition from other investors with significant capital, including <FONT STYLE="white-space:nowrap">non-traded</FONT> REITs, publicly-traded
REITs and institutional investment funds, which may significantly increase investment costs; and/or the inability to finance an investment on favorable terms or at all. The failure to identify or consummate investments on satisfactory terms, or at
all, may impede our growth and negatively affect our cash available for distribution to our stockholders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>If we cannot obtain additional capital, our
ability to make acquisitions and lease properties will be limited. We are subject to risks associated with debt and capital stock issuances, and such issuances may have adverse consequences to holders of shares of our common stock. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our ability to make acquisitions and lease properties will depend, in large part, upon our ability to raise additional capital. If we were to raise additional
capital through the issuance of equity securities, we could dilute the interests of holders of shares of our common stock. Our Board may authorize the issuance of classes or series of preferred stock which may have rights that could dilute, or
otherwise adversely affect, the interest of holders of shares our common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Further, we expect to incur additional indebtedness in the future, which
may include a new corporate credit facility. Such indebtedness could also have other important consequences to our creditors and holders of our common and preferred stock, including subjecting us to covenants restricting our operating flexibility,
increasing our vulnerability to general adverse </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
economic and industry conditions, limiting our ability to obtain additional financing to fund future working capital, capital expenditures and other general corporate requirements, requiring the
use of a portion of our cash flow from operations for the payment of principal and interest on our indebtedness, thereby reducing our ability to use our cash flow to fund working capital, acquisitions, capital expenditures and general corporate
requirements, and limiting our flexibility in planning for, or reacting to, changes in our business and our industry. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may never reach sufficient
size to achieve diversity in our portfolio. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are presently a comparatively small company with a modest number of properties, resulting in a
portfolio that lacks geographic and tenant diversity. While we intend to endeavor to grow and diversify our portfolio through additional property acquisitions, we may never reach a significant size to achieve true portfolio diversity. In addition,
because we intend to focus on single-tenant properties, we may never have a diverse group of tenants renting our properties, which will hinder our ability to achieve overall diversity in our portfolio. Currently, 56% of our properties are office
space 17% of our properties are industrious and 27% are retail space based on base rent as of August&nbsp;13, 2021. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The market for real estate
investments is highly competitive. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Identifying attractive real estate investment opportunities, particularly in the value-added real estate arena, is
difficult and involves a high degree of uncertainty. Furthermore, the historical performance of a particular property or market is not a guarantee or prediction of the property&#146;s or market&#146;s future performance. There can be no assurance
that we will be able to locate suitable acquisition opportunities, achieve our investment goal and objectives, or fully deploy for investment the net proceeds of this offering. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Because of the recent growth in demand for real estate investments, there may be increased competition among investors to invest in the same asset classes as
the Company. This competition may lead to an increase in the investment prices or otherwise less favorable investment terms. If this situation occurs with a particular investment, our return on that investment is likely to be less than the return it
could have achieved if it had invested at a time of less investor competition for the investment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We are required to make a number of judgments in
applying accounting policies, and different estimates and assumptions in the application of these policies could result in changes to our reporting of financial condition and results of operations. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Various estimates are used in the preparation of our financial statements, including estimates related to asset and liability valuations (or potential
impairments) and various receivables. Often these estimates require the use of market data values that may be difficult to assess, as well as estimates of future performance or receivables collectability that may be difficult to accurately predict.
While we have identified those accounting policies that are considered critical and have procedures in place to facilitate the associated judgments, different assumptions in the application of these policies could result in material changes to our
financial condition and results of operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We utilize, and intend to continue to utilize, leverage, which may limit our financial flexibility in
the future. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, we had a secured non-convertible promissory note to the Clearlake Preferred Member for $1.1 million that is due
on December 16, 2021 and bears an interest rate of 10%. The loan is repayable without penalty at any time. The loan is secured by all of the personal and fixture property assets of the Operating Partnership. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June 30, 2021, we had three promissory notes totaling approximately $24.1 million requiring Debt Service Coverage Ratios (also known as
&#147;DSCR&#148;) of 1.25:1.0, one promissory note totaling $3.4 million requiring DSCR of 1.10:1.0, one promissory note totaling $0.9 million requiring DSCR of 1.15:1.0, one promissory note totaling $1.3 million requiring DSCR of 1.20:1.0 and one
promissory note totaling $1.3 million requiring DSCR of 1.30:1.0. We were in compliance with all covenants as of June&nbsp;30, 2021. In addition, in August 2021, we issued one promissory note totaling approximately $2.7&nbsp;million requiring DSCR
of 1.5:1.0 beginning as of December&nbsp;31, 2021. The remaining promissory note totaling $1.1 million does not have a DSCR. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We make acquisitions and
operate our business in part through the utilization of leverage pursuant to loan agreements with various financial institutions. These loan agreements contain standard affirmative and negative covenants, including prohibitions on additional liens
on the collateral, financial reporting obligations and maintenance of insurance, in addition to the DSCR covenants described above. These covenants, as well as any future covenants we may enter into through further loan agreements, could inhibit our
financial flexibility in the future and prevent distributions to stockholders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may incur losses as a result of ineffective risk management
processes and strategies. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We seek to monitor and control our risk exposure through a risk and control framework encompassing a variety of separate but
complementary financial, credit, operational, compliance and legal reporting systems, internal controls, management review processes and other mechanisms. While we employ a broad and diversified set of risk monitoring and risk mitigation techniques,
those techniques and the judgments that accompany their application cannot anticipate every economic and financial outcome or the specifics and timing of such outcomes. In addition, with a limited number of employees, our ability to identify risks
is limited. Thus, we may, in the course of our activities, incur losses due to these risks. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>You will not have the opportunity to evaluate our investments before we make them. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Because we have not identified all of the specific assets that we will acquire, we are not able to provide you with information that you may want to evaluate
before deciding to invest in our securities. Our investment policies and strategies are very broad and permit us to invest in any type of commercial real estate, including developed and undeveloped properties, entities owning these assets or other
real estate assets regardless of geographic location or property type. Our President and Chairman of the board has absolute discretion in implementing these policies and strategies, subject to the restrictions on investment objectives and policies
set forth in our articles of incorporation. Because you cannot evaluate our investments in advance of purchasing Units, our securities may entail more risk than other types of investments. This additional risk may hinder your ability to achieve your
own personal investment objectives related to portfolio diversification, risk-adjusted investment returns and other objectives. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We rely on information
technology networks and systems in conducting our business, and any material failure, inadequacy, interruption or security failure of that technology could harm our business. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We rely on information technology networks and systems, including the Internet, to process, transmit and store electronic information and to manage or support
a variety of our business processes, including financial transactions and maintenance of records, which may include confidential information of tenants, lease data and information regarding our stockholders. We rely on commercially available
systems, software, tools and monitoring to provide security for processing, transmitting and storing confidential information. Security breaches, including physical or electronic <FONT STYLE="white-space:nowrap">break-ins,</FONT> computer viruses,
attacks by hackers and similar breaches or cyber-attacks, can create system disruptions, shutdowns or unauthorized disclosure of confidential information. In addition, any breach in the data security measures employed by any third-party vendors upon
which we may rely, could also result in the improper disclosure of personally identifiable information. Any failure to maintain proper function, security and availability of information systems could interrupt our operations, damage our reputation,
subject us to liability claims or regulatory penalties and could materially and adversely affect us. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We are an emerging growth company and we cannot
be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For
as long as we continue to be an emerging growth company, we intend to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies including, but not limited to, reduced disclosure
obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments
not previously approved. In addition, we have elected to use the extended transition period for complying with new or revised accounting standards. This election allows us to delay the adoption of new or revised accounting standards that have
different effective dates for public and private companies until those standards apply to private companies. As a result of this election, our financial statements may not be comparable to those of companies that comply with public company effective
dates for such new or revised accounting standards. Further, we cannot predict if investors will find our common stock less attractive because we will rely on these exemptions. If some investors find our common stock less attractive as a result,
there may be a less active trading market for our common stock and our stock price may be more volatile. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will remain an emerging growth company until the earliest of (i)&nbsp;the end of the fiscal year in which
the market value of our common stock that is held by <FONT STYLE="white-space:nowrap">non-affiliates</FONT> exceeds $700&nbsp;million, (ii)&nbsp;the end of the fiscal year in which we have total annual gross revenue of $1.07&nbsp;billion or more
during such fiscal year, (iii)&nbsp;the date on which we issue more than $1&nbsp;billion in <FONT STYLE="white-space:nowrap">non-convertible</FONT> debt in a three-year period or (iv)&nbsp;the last day of the fiscal year following the fifth
anniversary of the date of the first sale of our common stock pursuant to an effective registration statement under the Securities Act. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We have
experienced losses in the past, and we will likely experience similar losses in the near future. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">From inception of the Company through June&nbsp;30,
2021, we had a cumulative net loss of approximately $5.0&nbsp;million. Our losses can be attributed, in part, to the initial <FONT STYLE="white-space:nowrap">start-up</FONT> costs and high corporate general and administrative expenses relative to
the size of our portfolio. In addition, acquisition costs and depreciation and amortization expenses substantially reduced our income. As we continue to acquire properties, we anticipate high expenses to continue before we are able to achieve
positive net income from our properties. We cannot assure you that, in the future, we will be profitable or that we will realize growth in the value of our assets. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We have paid and may continue to pay distributions from offering proceeds to the extent our cash flow from operations or earnings are not sufficient to
fund declared distributions. Rates of distribution to you will not necessarily be indicative of our operating results. If we make distributions from sources other than our cash flows from operations or earnings, we will have fewer funds available
for the acquisition of properties and your overall return may be reduced. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our organizational documents permit us to make distributions from any
source, including the net proceeds from this offering. There is no limit on the amount of offering proceeds we may use to pay distributions. To date, we have funded and expect to continue to fund distributions from the net proceeds of our offerings.
We may also fund distributions with borrowings and the sale of assets to the extent distributions exceed our earnings or cash flows from operations. While we intend to pay distributions from cash flow from operations, our distributions paid to date
were all funded by proceeds from our initial offering. To the extent we fund distributions from sources other than cash flow from operations, such distributions may constitute a return of capital and we will have fewer funds available for the
acquisition of properties and your overall return may be reduced. Further, to the extent distributions exceed our earnings and profits, a stockholder&#146;s basis in our stock will be reduced and, to the extent distributions exceed a
stockholder&#146;s basis, the stockholder will be required to recognize capital gain. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The limits on the percentage of shares of our common stock that
any person may own may discourage a takeover or business combination that could otherwise benefit our stockholders. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our charter, with certain
exceptions, authorizes our Board to take such actions as are necessary and desirable to preserve our future qualification as a REIT. Unless exempted by our Board, no person may own more than 9.8% in value of our outstanding capital stock or more
than 9.8% in value or number of shares, whichever is more restrictive, of our outstanding common stock. A person that did not acquire more than 9.8% of our shares may become subject to our charter restrictions if redemptions by other stockholders
cause such person&#146;s holdings to exceed 9.8% of our outstanding shares. Our 9.8% ownership limitation may have the effect of delaying, deferring or preventing a change in control of us, including an extraordinary transaction (such as a merger,
tender offer or sale of all or substantially all of our assets) that might provide a premium price for our stockholders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our charter permits our Board
to issue stock with terms that may subordinate the rights of the holders of our common stock or discourage a third party from acquiring us in a manner that could result in a premium price to our stockholders. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our Board may classify or reclassify any unissued common stock or preferred stock into other classes or series of stock and establish the preferences,
conversion or other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms or conditions of redemption of any such stock without stockholder approval. Thus, our Board could authorize the
issuance of preferred stock with terms and conditions that could have priority as to distributions and amounts payable upon liquidation over the rights of the holders of our common stock. Such preferred stock could also have the effect of delaying,
deferring or preventing a change in control of us, including an extraordinary transaction (such as a merger, tender offer or sale of all or substantially all of our assets) that might otherwise provide a premium price to holders of our common stock.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our charter includes a provision that may discourage a stockholder from launching a tender offer for our shares. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our charter provides that any tender offer made by a person, including any &#147;mini-tender&#148; offer, must comply with most provisions of Regulation 14D of
the Exchange Act. The offeror must provide the Company notice of such tender offer at least 10 business days before initiating the tender offer. If the offeror does not comply with these requirements, no person may transfer any shares held by such
person to the offeror without first offering the shares to us at the lowest of (1)&nbsp;the latest offering price of our common stock; (2)&nbsp;the fair market value of one share of our common stock as determined by an independent
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
valuation; and (3)&nbsp;the lowest tender offer price offered in such tender offer. In addition, the noncomplying offeror person shall be responsible for all of the Company&#146;s expenses in
connection with that offeror&#146;s noncompliance. This provision of our charter may discourage a person from initiating a tender offer for our shares and prevent you from receiving a premium price for your shares in such a transaction. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Maryland law and our organizational documents limit our rights and the rights of our stockholders to recover claims against our directors and officers,
which could reduce your and our recovery against them if they cause us to incur losses. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Maryland law provides that a director will not have any
liability as a director so long as he or she performs his or her duties in accordance with the applicable standard of conduct. In addition, Maryland law and our charter provide that no director or officer shall be liable to us or our stockholders
for monetary damages unless the director or officer (1)&nbsp;actually received an improper benefit or profit in money, property or services or (2)&nbsp;was actively and deliberately dishonest as established by a final judgment as material to the
cause of action. Moreover, our charter generally requires us to indemnify and advance expenses to our directors and officers for losses they may incur by reason of their service in those capacities unless their act or omission was material to the
matter giving rise to the proceeding and was committed in bad faith or was the result of active and deliberate dishonesty, they actually received an improper personal benefit in money, property or services or, in the case of any criminal proceeding,
they had reasonable cause to believe the act or omission was unlawful. Further, we expect to enter into separate indemnification agreements with each of our officers and directors. As a result, you and we may have more limited rights against our
directors or officers than might otherwise exist under common law, which could reduce your and our recovery from these persons if they act in a manner that causes us to incur losses. In addition, we are obligated to fund the defense costs incurred
by these persons in some cases. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain provisions of Maryland law could inhibit transactions or changes of control under circumstances that could
otherwise provide stockholders with the opportunity to realize a premium. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain provisions of the Maryland General Corporation Law applicable to us
prohibit business combinations with: (1)&nbsp;any person who beneficially owns 10% or more of the voting power of our outstanding voting stock, which we refer to as an &#147;interested stockholder;&#148; (2)&nbsp;an affiliate or associate of ours
who, at any time within <FONT STYLE="white-space:nowrap">the&nbsp;two-year&nbsp;period</FONT> prior to the date in question, was the beneficial owner of 10% or more of the voting power of our then outstanding stock, which we also refer to as an
&#147;interested stockholder;&#148; or (3)&nbsp;an affiliate of an interested stockholder. These prohibitions last for five years after the most recent date on which the interested stockholder became an interested stockholder. Thereafter, any
business combination with the interested stockholder or an affiliate of the interested stockholder must be recommended by our Board and approved by the affirmative vote of at least 80% of the votes entitled to be cast by holders of our outstanding
voting stock, <FONT STYLE="white-space:nowrap">and&nbsp;two-thirds&nbsp;of</FONT> the votes entitled to be cast by holders of our voting stock other than shares held by the interested stockholder or its affiliate with whom the business combination
is to be effected or held by an affiliate or associate of the interested stockholder. These requirements could have the effect of inhibiting a change in control even if a change in control were in our stockholders&#146; best interest. These
provisions of Maryland law do not apply, however, to business combinations that are approved or exempted by our Board prior to the time that someone becomes an interested stockholder. Pursuant to the business combination statute, our Board has
exempted any business combination involving us and any person, provided that such business combination is first approved by a majority of our Board. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our structure may result in potential conflicts of interest with limited partners in our Operating Partnership whose interests may not be aligned with
those of our stockholders. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our directors and officers have duties to our corporation and our stockholders under Maryland law and our charter in
connection with their management of the corporation. At the same time, we, as general partner, will have fiduciary duties under Delaware law to our Operating Partnership and to the limited partners in connection with the management of our Operating
Partnership. Our duties as general partner of our Operating Partnership and its partners may come into conflict with the duties of our directors and officers to our corporation and our stockholders. Under Delaware law, a general partner of a
Delaware limited partnership owes its limited partners the duties of good faith and fair dealing. Other duties, including fiduciary duties, may be modified or eliminated in the partnership&#146;s partnership agreement. The partnership agreement of
our Operating Partnership provides that, for so long as we own a controlling interest in our Operating Partnership, any conflict that cannot be resolved in a manner not adverse to either our stockholders or the limited partners will be resolved in
favor of our stockholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Additionally, the partnership agreement expressly limits our liability by providing that we will not be liable or accountable
to our Operating Partnership for losses sustained, liabilities incurred or benefits not derived if we acted in good faith. In addition, our Operating Partnership is required to indemnify us and our officers, directors, employees, agents and
designees to the extent permitted by applicable law from and against any and all claims arising from operations of our Operating Partnership, unless </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
it is established that: (1)&nbsp;the act or omission was material to the matter giving rise to the proceeding and either was committed in bad faith or was the result of active and deliberate
dishonesty; (2)&nbsp;the indemnified party received an improper personal benefit in money, property or services; or (3)&nbsp;in the case of a criminal proceeding, the indemnified person had reasonable cause to believe that the act or omission was
unlawful. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The provisions of Delaware law that allow the fiduciary duties of a general partner to be modified by a partnership agreement have not been
tested in a court of law, and we have not obtained an opinion of counsel covering the provisions set forth in the partnership agreement that purport to waive or restrict our fiduciary duties. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>General Risks Related to Investments in Real Estate </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The third party valuations of real estate investments we seek to purchase often times includes the value of a commercial lease and the loss of such a lease
could result in the value of the real property declining. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Many of the properties that we seek to acquire include a commercial lease arrangement on the
property and the corresponding purchase price for such property includes an assumption that such lease will continue. If we purchase a property with a commercial lease arrangement that terminates, the value of the investment may decline and we may
be unable to sell the property for what we paid.&nbsp;&nbsp;&nbsp;&nbsp; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our operating results will be affected by economic and regulatory changes
that have an adverse impact on the real estate market in general, and we cannot assure you that we will be profitable or that we will realize growth in the value of our real estate properties. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our operating results are subject to risks generally incident to the ownership of real estate, including: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">adverse changes in national and local economic and market conditions, including the credit markets;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">adverse impacts of the coronavirus on our tenants or the economy in general; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">changes in governmental laws and regulations, including with respect to taxes, real estate, and the environment,
fiscal policies and zoning ordinances and the related costs of compliance with those laws and regulations, fiscal policies and ordinances; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">takings by condemnation or eminent domain; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">real estate conditions, such as an oversupply of or a reduction in demand for real estate space in the area;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the perceptions of tenants and prospective tenants of the convenience, attractiveness and safety of our
properties; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">competition from comparable properties; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the occupancy rate of our properties; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the ability to collect all rent from tenants on a timely basis; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the effects of any bankruptcies or insolvencies of major tenants; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the expense of <FONT STYLE="white-space:nowrap">re-leasing</FONT> space; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">changes in interest rates and in the availability, cost and terms of mortgage funding; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the impact of present or future environmental legislation and compliance with environmental laws;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">acts of war or terrorism, including the consequences of terrorist attacks; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">acts of God, including earthquakes, hurricanes, floods, health pandemics and other natural disasters, which may
result in uninsured losses; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">cost of compliance with the Americans with Disabilities Act; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">changes in general economic or local conditions; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">changes in supply of or demand for similar or competing properties in an area; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the impact of permanent mortgage funds, which may render the sale of a property difficult or unattractive; and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">periods of high interest rates and tight money supply. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If any of these or similar events occur, it may reduce our return from an affected property or investment and reduce or eliminate our ability to make
distributions to stockholders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Your investment return may be reduced if we are required to register as an investment company under the U.S. Investment
Company Act of 1940 (and similar legislation in other jurisdictions); if we or our subsidiaries become an unregistered investment company, we could not continue our business. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Neither we nor any of our subsidiaries intend to register as investment companies under the U.S. Investment Company Act of 1940, as amended, and the rules
thereunder (and similar legislation in other jurisdictions) (the &#147;Investment Company Act&#148;). If we or our subsidiaries were obligated to register as investment companies, we would have to comply with a variety of substantive requirements
under the Investment Company Act that impose, among other things: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">limitations on capital structure; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">restrictions on specified investments; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">prohibitions on transactions with affiliates; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">compliance with reporting, record keeping, voting, proxy disclosure and other rules and regulations that would
significantly increase our operating expenses. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the relevant provisions of Section&nbsp;3(a)(1) of the Investment Company Act, an
investment company is any issuer that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing,
reinvesting or trading in securities (the &#147;primarily engaged test&#148;); or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">is engaged or proposes to engage in the business of investing, reinvesting, owning, holding or trading in
securities and owns or proposes to acquire &#147;investment securities&#148; having a value exceeding 40% of the value of such issuer&#146;s total assets (exclusive of U.S. government securities and cash items) on an unconsolidated basis (the
&#147;40% test&#148;). &#147;Investment securities&#148; excludes U.S. government securities and securities of majority-owned subsidiaries that are not themselves investment companies and are not relying on the exception from the definition of
investment company under Section&nbsp;3(c)(1) or Section&nbsp;3(c)(7) (relating to private investment companies). </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that
neither we nor our Operating Partnership will be required to register as an investment company. With respect to the 40% test, the entities through which we and our Operating Partnership intend to own our assets will be majority-owned subsidiaries
that are not themselves investment companies and are not relying on the exceptions from the definition of investment company under Section&nbsp;3(c)(1) or Section&nbsp;3(c)(7). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect to the primarily engaged test, we and our Operating Partnership are holding companies and do not intend to invest or trade in securities
ourselves. Rather, through the majority-owned subsidiaries of our Operating Partnership, we and our Operating Partnership are primarily engaged in the <FONT STYLE="white-space:nowrap">non-investment</FONT> company businesses of these subsidiaries,
namely the business of purchasing or otherwise acquiring real estate and real estate-related assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To maintain compliance with the Investment Company
Act, our subsidiaries may be unable to sell assets we would otherwise want them to sell and may need to sell assets we would otherwise wish them to retain. In addition, our subsidiaries may have to acquire additional assets that they might not
otherwise have acquired or may have to forgo opportunities to make investments that we would otherwise want them to make and would be important to our investment strategy. Moreover, the SEC or its staff may issue interpretations with respect to
various types of assets that are contrary to our views and current SEC staff interpretations are subject to change, which increases the risk of <FONT STYLE="white-space:nowrap">non-compliance</FONT> and the risk that we may be forced to make adverse
changes to our portfolio. If we were required to register as an investment company but failed to do so, we would be prohibited from engaging in our business and criminal and civil actions could be brought against us. In addition, our contracts would
be unenforceable unless a court required enforcement and a court could appoint a receiver to take control of us and liquidate our business. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>If a major tenant declares bankruptcy, we may be unable to collect balances due under its leases, which
would have a harmful effect on our financial condition and ability to pay distributions to you. </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our success will depend on the financial ability
of our tenants to remain current with their leases with us. We may experience concentration in one or more tenants if the future leases we have with those tenants represent a significant percentage of our operations. As of August&nbsp;23, 2021, we
have three tenants, that each account for more than 10% of our rental revenue (Pratt and Whitney Corporation with respect to the Huntsville, AL property; the General Services Administration with respect to the
<FONT STYLE="white-space:nowrap">two-tenant</FONT> office building in Norfolk, VA and PRA Holding with respect to the single tenant building in Norfolk, VA). Any of our current or future tenants, or any guarantor of one of our current or future
tenant&#146;s lease obligations, could be subject to a bankruptcy proceeding pursuant to Title 11 of the bankruptcy laws of the United States. Such a bankruptcy filing would bar us from attempting to collect
<FONT STYLE="white-space:nowrap">pre-bankruptcy</FONT> debts from the bankrupt tenant or its properties unless we receive an enabling order from the bankruptcy court. Post-bankruptcy debts would be paid currently. If we assume a lease, all <FONT
STYLE="white-space:nowrap">pre-bankruptcy</FONT> balances owing under it must be paid in full. If a lease is rejected by a tenant in bankruptcy, we would have a general unsecured claim for damages. This claim could be paid only in the event funds
were available, and then only in the same percentage as that realized on other unsecured claims. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The bankruptcy of a current or future tenant or
lease guarantor could delay our efforts to collect past due balances under the relevant lease, and could ultimately preclude full collection of these sums. Such an event also could cause a decrease or cessation of current rental payments, reducing
our operating cash flows and the amount available for distributions to you. In the event a current or future tenant or lease guarantor declares bankruptcy, the tenant or its director may not assume our lease or its guaranty. If a given lease or
guaranty is not assumed, our operating cash flows and the amounts available for distributions to you may be adversely affected. The bankruptcy of a major tenant would have a harmful effect on our ability to pay distributions to you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>A high concentration of our properties in a particular geographic area, or with tenants in a similar industry, would magnify the effects of downturns in
that geographic area or industry. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We plan to focus our acquisition efforts on major primary and coastal markets. We currently own ten properties,
which are located in Illinois (1&nbsp;property) Virginia (2&nbsp;properties), Florida (4 properties), Alabama (1 property), North Carolina (1 property), and Washington, D.C. (1 property). In the event that we have a concentration of properties in
any particular geographic area, any adverse situation that disproportionately affects that geographic area, such as a local economic downturn or a severe natural disaster, would have a magnified adverse effect on our portfolio. In addition, our
focus on coastal properties subjects us to the risk of rising sea levels, potential flooding, increased frequency or severity of hurricanes or other natural disasters as a result of climate change and global warming, which risk is increased given
our geographic concentration. Similarly, if tenants of our properties become concentrated in a certain industry or industries or in any particular tenant, any adverse effect to that industry or tenant generally would have a disproportionately
adverse effect on our portfolio. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>If a sale-leaseback transaction is <FONT STYLE="white-space:nowrap">re-characterized</FONT> in a tenant&#146;s
bankruptcy proceeding, our financial condition could be adversely affected. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may enter into sale-leaseback transactions, whereby we would purchase a
property and then lease the same property back to the person from whom we purchased it. In the event of the bankruptcy of a tenant, a transaction structured as a sale-leaseback may be <FONT STYLE="white-space:nowrap">re-characterized</FONT> as
either a financing or a joint venture (which is generally classified as Redeemable Non-Controlling Interest or <FONT STYLE="white-space:nowrap">Non-Redeemable</FONT> Non-Controlling Interest in our Operating Partnership), either of which outcomes
could adversely affect our business. If the sale-leaseback were <FONT STYLE="white-space:nowrap">re-characterized</FONT> as a financing, we might not be considered the owner of the property, and as a result would have the status of a creditor in
relation to the tenant. In that event, we would no longer have the right to sell or encumber our ownership interest in the property. Instead, we would have a claim against the tenant for the amounts owed under the lease, with the claim arguably
secured by the property. The tenant/debtor might have the ability to propose a plan restructuring the term, interest rate and amortization schedule of its outstanding balance. If confirmed by the bankruptcy court, we could be bound by the new terms,
and prevented from foreclosing our lien on the property. If the sale-leaseback were <FONT STYLE="white-space:nowrap">re-characterized</FONT> as a joint venture, our lessee and we could be treated as
<FONT STYLE="white-space:nowrap">co-venturers</FONT> with regard to the property. As a result, we could be held liable, under some circumstances, for debts incurred by the lessee relating to the property. Either of these outcomes could adversely
affect our cash flow and the amount available for distributions to you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may obtain only limited warranties when we purchase a property and would
have only limited recourse in the event our due diligence did not identify any issues that lower the value of our property. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The seller of a property
often sells such property in its &#147;as is&#148; condition on a &#147;where is&#148; basis and &#147;with all faults,&#148; without any warranties of merchantability or fitness for a particular use or purpose. In addition, purchase agreements may
contain only limited warranties, representations and indemnifications that will only survive for a limited period after the closing. Thus, the purchase of properties with limited warranties increases the risk that we may lose some or all of our
invested capital in the property as well as the loss of rental income from that property. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our real estate investments may include special use single-tenant properties that may be difficult to
sell or <FONT STYLE="white-space:nowrap">re-lease</FONT> upon lease terminations. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have invested and intend to invest primarily in single-tenant,
income-producing commercial retail, office and industrial properties, a number of which may include special use single-tenant properties. If the leases on these properties are terminated or not renewed, we may have difficulty <FONT
STYLE="white-space:nowrap">re-leasing</FONT> or selling these properties to new tenants due to the lack of efficient alternate uses for such properties. Therefore, we may be required to expend substantial funds to renovate and/or adapt any such
property for a revenue-generating alternate use or make rent concessions in order to lease the property to another tenant or sell the property. These and other limitations may adversely affect the cash flows from, lead to a decline in value of or
eliminate the return on investment of, these special use single-tenant properties. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may be unable to secure funds for future tenant improvements,
build outs or capital needs, which could adversely impact our ability to pay cash distributions to our stockholders. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">When tenants do not renew their
leases or otherwise vacate their space, it is usual that, in order to attract replacement tenants, we will be required to expend substantial funds for tenant improvements, tenant refurbishments or tenant-specific build outs to the vacated space. In
addition, although we expect that our leases with tenants will require tenants to pay routine property maintenance costs, we will likely be responsible for any major structural repairs, such as repairs to the foundation, exterior walls and rooftops.
We will use substantially all of the net proceeds of this offering to buy real estate and pay various fees and expenses. Accordingly, if we need additional capital in the future to improve or maintain our properties or for any other reason, we will
have to obtain financing from other sources, such as cash flow from operations, borrowings, property sales or future equity offerings. These sources of funding may not be available on attractive terms or at all. If we cannot procure additional
funding for capital improvements, our investments may generate lower cash flows or decline in value, or both. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our inability to sell a property when we
desire to do so could adversely impact our ability to pay cash distributions to you. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The real estate market is affected by many factors, such as
general economic conditions, availability of financing, interest rates, supply and demand, and other factors that are beyond our control. We cannot predict whether we will be able to sell any property for the price or on the terms set by us, or
whether any price or other terms offered by a prospective purchaser would be acceptable to us. We may be required to expend funds to correct defects or to make improvements before a property can be sold. We may not have adequate funds available to
correct such defects or to make such improvements. Moreover, in acquiring a property, we may agree to restrictions that prohibit the sale of that property for a period of time or impose other restrictions, such as a limitation on the amount of debt
that can be placed or repaid on that property. We cannot predict the length of time needed to find a willing purchaser and to close the sale of a property. Our inability to sell a property when we desire to do so may cause us to reduce our selling
price for the property, and could adversely impact our ability to pay distributions to you. Furthermore, our ability to dispose of certain of our properties is subject to certain limitations imposed by our tax protection agreements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may not be able to sell our properties at a price equal to, or greater than, the price for which we purchased such property, which may lead to a
decrease in the value of our assets. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some of our leases may not contain rental increases over time, or the rental increases may be less than the fair
market rate at a future point in time. In such event, the value of the leased property to a potential purchaser may not increase over time, which may restrict our ability to sell that property, or if we are able to sell that property, may result in
a sale price less than the price that we paid to purchase the property. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may acquire or finance properties with
<FONT STYLE="white-space:nowrap">lock-out</FONT> provisions, which may prohibit us from selling a property, or may require us to maintain specified debt levels for a period of years on some properties. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Lock-out</FONT> provisions could materially restrict us from selling or otherwise disposing of or refinancing properties.
These provisions would affect our ability to turn our investments into cash and thus affect cash available for distributions to you. <FONT STYLE="white-space:nowrap">Lock-out</FONT> provisions may prohibit us from reducing the outstanding
indebtedness with respect to any properties, refinancing such indebtedness on a <FONT STYLE="white-space:nowrap">non-recourse</FONT> basis at maturity, or increasing the amount of indebtedness with respect to such properties. <FONT
STYLE="white-space:nowrap">Lock-out</FONT> provisions could impair our ability to take other actions during the <FONT STYLE="white-space:nowrap">lock-out</FONT> period that could be in the best interests of our stockholders and, therefore, may have
an adverse impact on the value of the shares, relative to the value that would result if the <FONT STYLE="white-space:nowrap">lock-out</FONT> provisions did not exist. In particular, <FONT STYLE="white-space:nowrap">lock-out</FONT> provisions could
preclude us from participating in major transactions that could result in a disposition of our assets or a change in control even though that disposition or change in control might be in the best interests of our stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rising expenses could reduce cash flow and funds available for future acquisitions. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our properties are subject to operating risks common to real estate in general, any or all of which may negatively affect us. If any property is not fully
occupied or if rents are being paid in an amount that is insufficient to cover operating expenses, we could be required to expend funds with respect to that property for operating expenses. The properties will be subject to increases in tax rates,
utility costs, operating expenses, insurance costs, repairs and maintenance and administrative expenses. While we expect that many of our properties will be leased on a <FONT STYLE="white-space:nowrap">net-lease</FONT> basis or will require the
tenants to pay all or a portion of such expenses, renewals of leases or future leases may not be negotiated on that basis, in which event we may have to pay those costs. If we are unable to lease properties on a
<FONT STYLE="white-space:nowrap">net-lease</FONT> basis or on a basis requiring the tenants to pay all or some of such expenses, or if tenants fail to pay required tax, utility and other impositions, we could be required to pay those costs which
could adversely affect funds available for future acquisitions or cash available for distributions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Adverse economic conditions may negatively affect
our returns and profitability. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our operating results may be affected by the following market and economic challenges, which may result from a
continued or exacerbated general economic slowdown experienced by the nation as a whole or by the local economics where our properties are located: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">poor economic conditions may result in tenant defaults under leases; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><FONT STYLE="white-space:nowrap">re-leasing</FONT> may require concessions or reduced rental rates under the new
leases; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">increased insurance premiums may reduce funds available for distribution or, to the extent such increases are
passed through to tenants, may lead to tenant defaults. Increased insurance premiums may make it difficult to increase rents to tenants on turnover, which may adversely affect our ability to increase our returns. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The length and severity of any economic downturn cannot be predicted. Currently, the economic climate has been negatively impacted by the actions taken by
governmental authorities, businesses and individuals in response to the coronavirus pandemic. Our tenants, and therefore, operations will be negatively affected in the event of a prolonged economic downturn. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Increased vacancy rates could have an adverse impact on our ability to make distributions and the value of an investment in our shares. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we experience vacancy rates that are higher than historical vacancy rates, we may have to offer lower rental rates and greater tenant improvements or
concessions than expected. Increased vacancies may have a greater impact on us, as compared to real estate investment programs with other investment strategies, as our investment approach relies on long-term leases in order to provide a relatively
stable stream of income for our business. As a result, increased vacancy rates could have the following negative effects on us: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the values of our potential investments in commercial properties could decrease below the amount paid for such
investments; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">revenues from such properties could decrease due to low or no rental income during vacant periods, lower future
rental rates and/or increased tenant improvement expenses or concessions; and/or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">revenues from such properties that secure loans could decrease, making it more difficult for us to meet our
payment obligations. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All of these factors could impair our ability to make distributions and decrease the value of an investment in our
shares. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Global market and economic conditions, including as a result of health crises may materially and adversely affect us and our tenants. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the U.S. economy were to continue to experience adverse economic conditions as a result of the coronavirus or otherwise, such as high unemployment levels,
such conditions may have an impact on the results of operations and financial conditions of our tenants. During periods of economic slowdown, rising interest rates and declining demand for real estate may result in a general decline in rents or an
increased incidence of lease defaults. Volatility in the United States and global markets can make it difficult to determine the breadth and duration of the impact of future economic and financial market crises and the ways in which our tenants and
our business may be affected. A lack of demand for rental space could adversely affect our ability to gain new tenants, which may affect our growth and profitability. Accordingly, the adverse economic conditions could materially and adversely affect
us. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may be adversely affected by unfavorable economic changes in the specific geographic areas where our
investments are concentrated. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Adverse conditions (including business layoffs or downsizing, the impact of disruptions in global trade agreements or
the imposition of tariffs, industry slowdowns, changing demographics, protests, riots and other factors) in the areas where our investments are located and/or concentrated, and local real estate conditions (such as oversupply of, or reduced demand
for, office, industrial, retail or multifamily properties) may have an adverse effect on the value of our investments. A material decline in the demand or the ability of tenants to pay rent for office, industrial or retail space in these geographic
areas may result in a material decline in our cash available for distribution to our stockholders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may recognize substantial impairment charges on
our properties. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may in the future incur substantial impairment charges, which we are required to recognize whenever we sell a property for less
than its carrying value or we determine that the carrying amount of the property is not recoverable and exceeds its fair value (or, for direct financing leases, that the unguaranteed residual value of the underlying property has declined). By their
nature, the timing or extent of impairment charges are not predictable. We may incur <FONT STYLE="white-space:nowrap">non-cash</FONT> impairment charges in the future, which may reduce our net income. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>If we suffer losses that are not covered by insurance or that are in excess of insurance coverage, we could lose invested capital and anticipated profits.
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generally, each of our tenants will be responsible for insuring its goods and premises and, in some circumstances, may be required to reimburse us for
a share of the cost of acquiring comprehensive insurance for the property, including casualty, liability, fire and extended coverage customarily obtained for similar properties in amounts that we determine are sufficient to cover reasonably
foreseeable losses. Tenants of single-tenant properties leased on a <FONT STYLE="white-space:nowrap">net-lease</FONT> basis typically are required to pay all insurance costs associated with those properties. Material losses may occur in excess of
insurance proceeds with respect to any property, as insurance may not be sufficient to fund the losses. However, there are types of losses, generally of a catastrophic nature, such as losses due to wars, acts of terrorism, earthquakes, floods,
hurricanes, pollution or environmental matters, which are either uninsurable or not economically insurable, or may be insured subject to limitations, such as large deductibles or <FONT STYLE="white-space:nowrap">co-payments.</FONT> Insurance risks
associated with potential terrorism acts could sharply increase the premiums we pay for coverage against property and casualty claims. Additionally, mortgage lenders in some cases have begun to insist that commercial property owners purchase
specific coverage against terrorism as a condition for providing mortgage loans. It is uncertain whether such insurance policies will be available, or available at reasonable cost, which could inhibit our ability to finance or refinance our
potential properties. In these instances, we may be required to provide other financial support, either through financial assurances or self-insurance, to cover potential losses. We may not have adequate, or any, coverage for such losses. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Real estate related taxes may increase and if these increases are not passed on to tenants, our income will be reduced. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some local real property tax assessors may seek to reassess some of our properties as a result of our acquisition of the property. Generally, from time to
time, our property taxes may increase as property values or assessment rates change or for other reasons deemed relevant by the assessors. An increase in the assessed valuation of a property for real estate tax purposes will result in an increase in
the related real estate taxes on that property. Although some tenant leases may permit us to pass through such tax increases to the tenants for payment, there is no assurance that renewal leases or future leases will be negotiated on the same basis.
Increases not passed through to tenants will adversely affect our income, cash available for distributions, and the amount of distributions to you. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We could be exposed to environmental liabilities with respect to investments to which we take title.
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the course of our business, and taking title to properties, we could be subject to environmental liabilities with respect to such properties. In
such a circumstance, we may be held liable to a governmental entity or to third parties for property damage, personal injury, investigation and cleanup costs incurred by these parties in connection with environmental contamination, or we may be
required to investigate or clean up hazardous or toxic substances or chemical releases at a property. The costs associated with investigation or remediation activities could be substantial. If we become subject to significant environmental
liabilities, our business, financial condition, liquidity and results of operations could be materially and adversely affected. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Properties may contain
toxic and hazardous materials. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Federal, state and local laws impose liability on a landowner for releases or the otherwise improper presence on the
premises of hazardous substances. This liability is without regard to fault for, or knowledge of, the presence of such substances. A landowner may be held liable for hazardous materials brought onto the property before it acquired title and for
hazardous materials that are not discovered until after it sells the property. Similar liability may occur under applicable state law. If any hazardous materials are found within a property that are in violation of law at any time, we may be liable
for all cleanup costs, fines, penalties and other costs. This potential liability will continue after we sell the investment and may apply to hazardous materials present within the property before we acquired such property. If losses arise from
hazardous substance contamination which cannot be recovered from a responsible party, the financial viability of that property may be substantially affected. It is possible that we will acquire an investment with known or unknown environmental
problems which may adversely affect us. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Properties may contain mold. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mold contamination has been linked to a number of health problems, resulting in recent litigation by tenants seeking various remedies, including damages and
ability to terminate their leases. Originally occurring in residential property, mold claims have recently begun to appear in commercial properties as well. Several insurance companies have reported a substantial increase in mold-related claims,
causing a growing concern that real estate owners might be subject to increasing lawsuits regarding mold contamination. No assurance can be given that a mold condition will not exist at one or more of our properties, with the risk of substantial
damages, legal fees and possibly loss of tenants. It is unclear whether such mold claims would be covered by the customary insurance policies we obtain. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Liability relating to environmental matters may impact the value of the properties that we may acquire or underlying our investments. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under various U.S. federal, state and local laws, an owner or operator of real property may become liable for the costs of removal of certain hazardous
substances released on its property. These laws often impose liability without regard to whether the owner or operator knew of, or was responsible for, the release of such hazardous substances. If we fail to disclose environmental issues, we could
also be liable to a buyer or lessee of a property. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There may be environmental problems associated with our properties which we were unaware of at the
time of acquisition. The presence of hazardous substances may adversely affect our ability to sell real estate, including the affected property, or borrow using real estate as collateral. The presence of hazardous substances, if any, on our
properties may cause us to incur substantial remediation costs, thus harming our financial condition. In addition, although our leases will generally require our tenants to operate in compliance with all applicable laws and to indemnify us against
any environmental liabilities arising from a tenant&#146;s activities on the property, we nonetheless would be subject to strict liability by virtue of our ownership interest for environmental liabilities created by such tenants, and we cannot
assure you that any of our tenants we might have would satisfy their indemnification obligations under the applicable sales agreement or lease. The discovery of material environmental liabilities attached to such properties could have a material
adverse effect on our results of operations and financial condition and our ability to make distributions to our stockholders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Discovery of previously
undetected environmentally hazardous conditions, including mold or asbestos, may lead to liability for adverse health effects and costs of remediating the problem could adversely affect our operating results. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under various U.S. federal, state and local environmental laws, ordinances and regulations, a current or previous owner or operator of real property may be
liable for the cost of removal or remediation of hazardous or toxic substances on, under or in such property. The costs of removal or remediation could be substantial. Such laws often impose liability whether or not the owner or operator knew of, or
was responsible for, the presence of such hazardous or toxic substances. Environmental laws also may impose restrictions on the manner in which property may be used or businesses may be operated, and these restrictions may require substantial
expenditures. Environmental laws provide for sanctions in the event of noncompliance and may be enforced by governmental agencies or, in certain circumstances, by private parties. Certain environmental laws and common law principles could be used to
impose liability for release of and exposure to hazardous substances, including asbestos-containing materials into the air, and third parties may seek recovery from owners or operators of real properties for personal injury or property damage
associated with exposure to released hazardous substances. The cost of defending against claims of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
liability, of compliance with environmental regulatory requirements, of remediating any contaminated property, or of paying personal injury claims related to any contaminated property could
materially adversely affect our business, assets or results of operations and, consequently, amounts available for distribution to our security holders. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We own four of our properties through joint ventures, which may lead to disagreements with our joint venture partner and adversely affect our interest in
the joint ventures. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We currently own four properties through joint ventures and we may enter into additional joint ventures in the future. Our joint
venture partners, as well as any future partners, may have interests that are different from ours which may result in conflicting views as to the conduct of the business of the joint venture. In the event that we have a disagreement with a joint
venture partner as to the resolution of a particular issue to come before the joint venture, or as to the management or conduct of the business of the joint venture in general, we may not be able to resolve such disagreement in our favor and such
disagreement could have a material adverse effect on our interest in the joint venture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, investments made in partnerships or other <FONT
STYLE="white-space:nowrap">co-ownership</FONT> arrangements involve risks not otherwise present in investments we make, including the following risks: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">that our <FONT STYLE="white-space:nowrap">co-venturer</FONT> or partner in an investment could become insolvent
or bankrupt; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">that our <FONT STYLE="white-space:nowrap">co-venturer</FONT> or partner may at any time have economic or business
interests or goals that are or that become inconsistent with our business interests or goals </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">that the <FONT STYLE="white-space:nowrap">co-venturer</FONT> or partner could take actions that decrease the
value of an investment to us; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">that the <FONT STYLE="white-space:nowrap">co-venturer</FONT> or partner may be in a position to take action
contrary to our instructions or requests or contrary to our policies or objectives. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any of the risks above might subject us to
liabilities and thus reduce our returns on our investment with that <FONT STYLE="white-space:nowrap">co-venturer</FONT> or partner. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may invest in
real estate-related investments, including joint ventures and <FONT STYLE="white-space:nowrap">co-investment</FONT> arrangements. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect to
primarily invest in properties as sole owner. However, we may, in our management&#146;s sole discretion subject to our investment guidelines and available capital, invest as a joint venture partner or
<FONT STYLE="white-space:nowrap">co-investor</FONT> in an investment. In such event, we generally anticipate owning a controlling interest in the joint venture or <FONT STYLE="white-space:nowrap">co-investment</FONT> vehicle. However, our joint
venture partner or <FONT STYLE="white-space:nowrap">co-investor</FONT> may have a consent or similar right with respect to certain major decisions with respect to an investment, including a refinancing, sale or other disposition. Additionally, we
may rely on our joint venture partner or <FONT STYLE="white-space:nowrap">co-investor</FONT> to act as the property manager or developer, and, thus, our returns will be subject to the performance of our joint venture partner or <FONT
STYLE="white-space:nowrap">co-investor.</FONT> While our management does not intend for these types of investments to be a primary focus of the Company, our management may make such investments in its sole discretion. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CC&amp;Rs may restrict our ability to operate a property. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some of our properties are contiguous to other parcels of real property, comprising part of the same commercial center. In connection with such properties,
there are significant covenants, conditions and restrictions (&#147;CC&amp;Rs&#148;) restricting the operation of such properties and any improvements on such properties, and related to granting easements on such properties. Moreover, the operation
and management of the contiguous properties may impact such properties. Compliance with CC&amp;Rs may adversely affect our operating costs and reduce the amount of funds that we have available to pay distributions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our operating results may be negatively affected by potential development and construction delays and resultant increased costs and risks. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may acquire and develop properties upon which we will construct improvements. We will be subject to uncertainties associated with <FONT
STYLE="white-space:nowrap">re-zoning</FONT> for development, environmental concerns of governmental entities and/or community groups, and our builder&#146;s ability to build in conformity with plans, specifications, budgeted costs, and timetables.
If a builder fails to perform, we may resort to legal action to rescind the purchase or the construction contract or to compel performance. A builder&#146;s performance may also be affected or delayed by conditions beyond the builder&#146;s control.
Delays in completion of construction could also give tenants the right to terminate preconstruction leases. We may incur additional risks when we make periodic progress payments or other advances to builders before they complete construction. These
and other such factors can result in increased costs of a project or loss of our investment. In addition, we will be subject to normal <FONT STYLE="white-space:nowrap">lease-up</FONT> risks relating to newly constructed projects. We also must rely
on rental income and expense projections and estimates of the fair market value of property upon completion of construction when agreeing upon a price at the time we acquire the property. If our projections are inaccurate, we may pay too much for a
property, and our return on our investment could suffer. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may invest in unimproved real property. Returns from development of unimproved properties are also
subject to risks associated with <FONT STYLE="white-space:nowrap">re-zoning</FONT> the land for development and environmental concerns of governmental entities and/or community groups. Although we intend to limit any investment in unimproved
property to property we intend to develop, your investment nevertheless is subject to the risks associated with investments in unimproved real property. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Competition with third parties in acquiring properties and other investments may reduce our profitability and the return on your investment. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We compete with many other entities engaged in real estate investment activities, including individuals, corporations, bank and insurance company investment
accounts, REITs, real estate limited partnerships, and other entities engaged in real estate investment activities, many of which have greater resources than we do. Larger competitors may enjoy significant competitive advantages that result from,
among other things, a lower cost of capital and enhanced operating efficiencies. In addition, the number of entities and the amount of funds competing for suitable investments may increase. Any such increase would result in increased demand for
these assets and therefore possibly increased prices paid for them. If we pay higher prices for properties and other investments, our profitability may be reduced and you may experience a lower return on your investment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our properties may face competition that could reduce the amount of rent paid to us, which would reduce the cash available for distributions and the amount
of distributions. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect that our properties will typically be located in developed areas. Therefore, there are and will be numerous other
properties within the market area of each of our properties that will compete with us for tenants. The number of competitive properties could have a material effect on our ability to rent space at our properties and the amount of rents charged. We
could be adversely affected if additional competitive properties are built in locations competitive with our properties, causing increased competition for customer traffic and creditworthy tenants. This could result in decreased cash flow from
tenants and may require us to make capital improvements to properties that we would not have otherwise made, thus affecting cash available for distributions, and the amount available for distributions to you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Costs of complying with governmental laws and regulations, including those relating to environmental matters, may adversely affect our income and the cash
available for any distributions. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All real property and the operations conducted on real property are subject to federal, state and local laws and
regulations relating to environmental protection and human health and safety. These laws and regulations generally govern wastewater discharges, air emissions, the operation and removal of underground and above-ground storage tanks, the use,
storage, treatment, transportation and disposal of solid and hazardous materials, and the remediation of contamination associated with disposals. Environmental laws and regulations may impose joint and several liability on tenants, owners or
operators for the costs to investigate or remediate contaminated properties, regardless of fault or whether the acts causing the contamination were legal. This liability could be substantial. In addition, the presence of hazardous substances, or the
failure to properly remediate these substances, may adversely affect our ability to sell, rent or pledge such property as collateral for future borrowings. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some of these laws and regulations have been amended so as to require compliance with new or more stringent standards as of future dates. Compliance with new
or more stringent laws or regulations or stricter interpretation of existing laws may require material expenditures by us. Future laws, ordinances or regulations may impose material environmental liability. Additionally, several conditions, such as
our tenants&#146; operations, the existing condition of land when we buy it, operations in the vicinity of our properties, such as the presence of underground storage tanks, or activities of unrelated third parties, may affect our properties. In
addition, there are various local, state and federal fire, health, life-safety and similar regulations with which we may be required to comply, and that may subject us to liability in the form of fines or damages for noncompliance. Any material
expenditures, fines, or damages we must pay will reduce our ability to make distributions and may reduce the value of your investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">State and federal
laws in this area are constantly evolving, and we intend to monitor these laws and take commercially reasonable steps to protect ourselves from the impact of these laws, including obtaining environmental assessments of most properties that we
acquire; however, we will not obtain an independent third-party environmental assessment for every property we acquire. In addition, any such assessment that we do obtain may not reveal all environmental liabilities or that a prior owner of a
property did not create a material environmental condition not known to us. The cost of defending against claims of liability, of compliance with environmental regulatory requirements, of remediating any contaminated property, or of paying personal
injury claims would materially adversely affect our business, assets or results of operations and, consequently, amounts available for distribution to you. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Inflation and changes in interest rates may materially and adversely affect us and our tenants. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A rise in inflation may result in a rate of inflation greater than the increases in rent that we anticipate may be provided by many of our leases. Increased
costs may have an adverse impact on our tenants if increases in their operating expenses exceed increases in revenue, which may adversely affect the tenants&#146; ability to pay rent owed to us.<B> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, to the extent that we incur variable rate debt, increases in interest rates would increase our interest costs, which could reduce our cash flows
and our ability to pay distributions to you. Furthermore, if we need to repay existing debt during periods of rising interest rates, we could be required to liquidate one or more of our investments in properties at times that may not permit
realization of the maximum return on such investments. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Properties that have vacancies for a significant period of time could be difficult to sell,
which could diminish the return on your investment. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A property may incur vacancies either by the continued default of a tenant under its lease, the
expiration of a tenant lease or early termination of a lease by a tenant. If vacancies continue for a long period of time, we may suffer reduced revenues resulting in less cash available to be distributed to you. In addition, because a
property&#146;s market value depends principally upon the value of the property&#146;s leases, the resale value of a property with prolonged vacancies could decline, which could further reduce your return. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our costs associated with complying with the Americans with Disabilities Act may affect cash available for distributions. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our properties will be subject to the Americans with Disabilities Act of 1990 (the &#147;Disabilities Act&#148;). Under the Disabilities Act, all places of
public accommodation are required to comply with federal requirements related to access and use by disabled persons. The Disabilities Act has separate compliance requirements for &#147;public accommodations&#148; and &#147;commercial
facilities&#148; that generally require that buildings and services, including restaurants and retail stores, be made accessible and available to people with disabilities. The Disabilities Act&#146;s requirements could require removal of access
barriers and could result in the imposition of injunctive relief, monetary penalties, or, in some cases, an award of damages. We will attempt to acquire properties that comply with the Disabilities Act or place the burden on the seller or other
third party, such as a tenant, to ensure compliance with the Disabilities Act. However, we cannot assure you that we will be able to acquire properties or allocate responsibilities in this manner. If we cannot, our funds used for Disabilities Act
compliance will reduce the cash available for distributions and the amount of distributions to you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We are exposed to risks related to increases in
market lease rates and inflation, as income from long-term leases will be the primary source of our cash flow from operations. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are exposed to risks
related to increases in market lease rates and inflation, as income from long-term leases will be the primary source of our cash flow from operations. Leases of long-term duration or which include renewal options that specify a maximum rate increase
may result in below-market lease rates over time if we do not accurately estimate inflation or market lease rates. Provisions of our leases designed to mitigate the risk of inflation and unexpected increases in market lease rates, such as periodic
rental increases, may not adequately protect us from the impact of inflation or unexpected increases in market lease rates. If we are subject to below-market lease rates on a significant number of our properties pursuant to long-term leases, our
cash flow from operations and financial position may be adversely affected. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may not be able to <FONT STYLE="white-space:nowrap">re-lease</FONT> or
renew leases at our properties on terms favorable to us or at all. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are subject to risks that upon expiration or earlier termination of the leases
for space at our properties, the space may not be released or, if <FONT STYLE="white-space:nowrap">re-leased,</FONT> the terms of the renewal or <FONT STYLE="white-space:nowrap">re-leasing</FONT> (including the costs of required renovations or
concessions to tenants) may be less favorable than current lease terms. Any of these situations may result in extended periods where there is a significant decline in revenues or no revenues generated by an investment. If we are unable to <FONT
STYLE="white-space:nowrap">re-lease</FONT> or renew leases for all or substantially all of the spaces at these investments, if the rental rates upon such renewal or <FONT STYLE="white-space:nowrap">re-leasing</FONT> are significantly lower than
expected, if our reserves for these purposes prove inadequate, or if we are required to make significant renovations or concessions to tenants as part of the renewal or <FONT STYLE="white-space:nowrap">re-leasing</FONT> process, we will experience a
reduction in net income and may be required to reduce or eliminate distributions to our stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Lease defaults or terminations or landlord-tenant disputes may adversely reduce our income from our
property portfolio. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lease defaults or terminations by one or more of our significant tenants may reduce our revenues unless a default is cured or a
suitable replacement tenant is found promptly. In addition, disputes may arise between us and a tenant that result in the tenant withholding rent payments, possibly for an extended period. These disputes may lead to litigation or other legal
procedures to secure payment of the rent withheld or to evict the tenant. In other circumstances, a tenant may have a contractual right to abate or suspend rent payments. Even without such right, a tenant might determine to do so. Any of these
situations may result in extended periods during which there is a significant decline in revenues or no revenues generated by the property. If this were to occur, it could adversely affect our results of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Net leases may not result in fair market lease rates over time, which could negatively impact our income and reduce the amount of funds available to make
distributions to our stockholders. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A significant portion of our rental income is expected to come from net leases, which generally provide the tenant
greater discretion in using the leased property than ordinary property leases, such as the right to freely sublease the property, to make alterations in the leased premises and to terminate the lease prior to its expiration under specified
circumstances. Furthermore, net leases typically have longer lease terms and, thus, there is an increased risk that contractual rental increases in future years will fail to result in fair market rental rates during those years. As a result, our
income and distributions to our stockholders could be lower than they would otherwise be if we did not engage in net leases. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Risks
Associated with Debt Financing </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We have used and may continue to use mortgage and other debt financing to acquire properties or interests in
properties and otherwise incur other indebtedness, which increases our expenses and could subject us to the risk of losing properties in foreclosure if our cash flow is insufficient to make loan payments. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are permitted to acquire real properties and other real estate-related investments, including entity acquisitions, by assuming either existing financing
secured by the asset or by borrowing new funds. In addition, we may incur or increase our mortgage debt by obtaining loans secured by some or all of our assets to obtain funds to acquire additional investments or to pay distributions to our
stockholders. We also may borrow funds, if necessary, to satisfy the requirement that we distribute at least 90% of our annual &#147;REIT taxable income,&#148; or otherwise as is necessary or advisable to assure that we may qualify as a REIT for
federal income tax purposes at such time as our Board of Directors determines is in our best interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, we had total cash
(unrestricted and restricted) of approximately $0.6 million, properties with a cost basis of $43.8 million and outstanding debt of approximately $31.4 million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There is no limit on the amount we may invest in any single property or other asset or on the amount we can borrow to purchase any individual property or
other investment. If we mortgage a property and have insufficient cash flow to service the debt, we risk an event of default which may result in our lenders foreclosing on the properties securing the mortgage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we cannot repay or refinance loans incurred to purchase our properties, or interests therein, then we may lose our interests in the properties secured by
the loans we are unable to repay or refinance. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>High levels of debt or increases in interest rates could increase the amount of our loan payments,
which could reduce the cash available for distribution to stockholders. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our policies do not limit us from incurring debt. For purposes of calculating
our leverage, we assume full consolidation of all of our real estate investments, whether or not they would be consolidated under GAAP, include assets we have classified as held for sale, and include any joint venture level indebtedness in our total
indebtedness. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">High debt levels will cause us to incur higher interest charges, resulting in higher debt service payments, and may be accompanied by
restrictive covenants. Interest we pay reduces cash available for distribution to stockholders. Additionally, with respect to our variable rate debt, increases in interest rates increase our interest costs, which reduces our cash flow and our
ability to make distributions to you. In addition, if we need to repay existing debt during periods of rising interest rates, we could be required to liquidate one or more of our investments in properties at times which may not permit realization of
the maximum return on such investments and could result in a loss. In addition, if we are unable to service our debt payments, our lenders may foreclose on our interests in the real property that secures the loans we have entered into. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>High mortgage rates may make it difficult for us to finance or refinance properties, which could reduce
the number of properties we can acquire, our cash flow from operations and the amount of cash distributions we can make. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To qualify as a REIT, we will
be required to distribute at least 90% of our annual taxable income (excluding net capital gains) to our stockholders in each taxable year, and thus our ability to retain internally generated cash is limited. Accordingly, our ability to acquire
properties or to make capital improvements to or remodel properties will depend on our ability to obtain debt or equity financing from third parties or the sellers of properties. If mortgage debt is unavailable at reasonable rates, we may not be
able to finance the purchase of properties. If we place mortgage debt on properties, we run the risk of being unable to refinance the properties when the debt becomes due or of being unable to refinance on favorable terms. If interest rates are
higher when we refinance the properties, our income could be reduced. We may be unable to refinance properties. If any of these events occurs, our cash flow would be reduced. This, in turn, would reduce cash available for distribution to you and may
hinder our ability to raise capital by issuing more stock or borrowing more money. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Lenders may require us to enter into restrictive covenants relating
to our operations, which could limit our ability to make distributions to you. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">When providing financing, a lender may impose restrictions on us that
affect our distribution and operating policies and our ability to incur additional debt. Loan documents we enter into may contain covenants that limit our ability to further mortgage the property, discontinue insurance coverage, or replace our
property manager. These or other limitations may limit our flexibility and prevent us from achieving our operating plans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, we
had three promissory notes totaling approximately $24.1 million requiring Debt Service Coverage Ratios (also known as &#147;DSCR&#148;) of 1.25:1.0, one promissory note totaling $3.4 million requiring DSCR of 1.10:1.0, one promissory note totaling
$0.9 million requiring DSCR of 1.15:1.0, one promissory note totaling $1.3 million requiring DSCR of 1.20:1.0 and one promissory note totaling $1.3 million requiring DSCR of 1.30:1.0. We were in compliance with all covenants as of June&nbsp;30,
2021. In addition, in August 2021, we issued one promissory note totaling approximately $2.7&nbsp;million requiring DSCR of 1.5:1.0 beginning as of December&nbsp;31, 2021. The remaining promissory note totaling $1.1 million does not have a DSCR.
These loan agreements contain standard affirmative and negative covenants, including prohibitions on additional liens on the collateral, financial reporting obligations and maintenance of insurance, in addition to the DSCR covenants described above.
These covenants, as well as any future covenants we may enter into through further loan agreements, could inhibit our financial flexibility in the future and prevent distributions to stockholders. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Some of our mortgage loans may have &#147;due on sale&#148; provisions, which may impact the manner in which we acquire, sell and/or finance our
properties. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In purchasing properties subject to financing, we may obtain financing with <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">&#147;due-on-sale&#148;</FONT></FONT> and/or <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;due-on-encumbrance&#148;</FONT></FONT> clauses. <FONT STYLE="white-space:nowrap">Due-on</FONT> sale
clauses in mortgages allow a mortgage lender to demand full repayment of the mortgage loan if the borrower sells the mortgaged property. Similarly, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">due-on-encumbrance</FONT></FONT>
clauses allow a mortgage lender to demand full repayment if the borrower uses the real estate securing the mortgage loan as security for another loan. In such event, we may be required to sell our properties on an
<FONT STYLE="white-space:nowrap">all-cash</FONT> basis, which may make it more difficult to sell the property or reduce the selling price. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Lenders may
be able to recover against our other properties under our mortgage loans. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In financing our acquisitions, we will seek to obtain secured nonrecourse
loans. However, only recourse financing may be available, in which event, in addition to the property securing the loan, the lender would have the ability to look to our other assets for satisfaction of the debt if the proceeds from the sale or
other disposition of the property securing the loan are insufficient to fully repay it. Also, in order to facilitate the sale of a property, we may allow the buyer to purchase the property subject to an existing loan whereby we remain responsible
for the debt. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>If we are required to make payments under any &#147;bad boy&#148; <FONT STYLE="white-space:nowrap">carve-out</FONT> guaranties that we
may provide in connection with certain mortgages and related loans, our business and financial results could be materially adversely affected. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
obtaining certain nonrecourse loans, we may provide standard <FONT STYLE="white-space:nowrap">carve-out</FONT> guaranties. These guaranties are only applicable if and when the borrower directly, or indirectly through agreement with an affiliate,
joint venture partner or other third party, voluntarily files a bankruptcy or similar liquidation or reorganization action or takes other actions that are fraudulent or improper (commonly referred to as &#147;bad boy&#148; guaranties). Although we
believe that &#147;bad boy&#148; <FONT STYLE="white-space:nowrap">carve-out</FONT> guaranties are not guaranties of payment in the event of foreclosure or other actions of the foreclosing lender that are beyond the borrower&#146;s control, some
lenders in the real estate industry have recently sought to make claims for payment under such guaranties. In the event such a claim were made against us under a &#147;bad boy&#148; <FONT STYLE="white-space:nowrap">carve-out</FONT> guaranty
following foreclosure on mortgages or related loan, and such claim were successful, our business and financial results could be materially adversely affected. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">35 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Interest-only indebtedness may increase our risk of default and ultimately may reduce our funds available
for distribution to our stockholders. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may finance our property acquisitions using interest-only mortgage indebtedness. During the interest-only
period, the amount of each scheduled payment will be less than that of a traditional amortizing mortgage loan. The principal balance of the mortgage loan will not be reduced (except in the case of prepayments) because there are no scheduled monthly
payments of principal during this period. After the interest-only period, we will be required either to make scheduled payments of amortized principal and interest or to make a <FONT STYLE="white-space:nowrap">lump-sum</FONT> or &#147;balloon&#148;
payment at maturity. These required principal or balloon payments will increase the amount of our scheduled payments and may increase our risk of default under the related mortgage loan. If the mortgage loan has an adjustable interest rate, the
amount of our scheduled payments also may increase at a time of rising interest rates. Increased payments and substantial principal or balloon maturity payments will reduce the funds available for distribution to our stockholders because cash
otherwise available for distribution will be required to pay principal and interest associated with these mortgage loans. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may enter into derivative
or hedging contracts that could expose us to contingent liabilities and certain risks and costs in the future. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Part of our investment strategy may
involve entering into derivative or hedging contracts that could require us to fund cash payments in the future under certain circumstances, such as the early termination of the derivative agreement caused by an event of default or other early
termination event, or the decision by a counterparty to request margin securities it is contractually owed under the terms of the derivative contract. The amount due would be equal to the unrealized loss of the open swap positions with the
respective counterparty and could also include other fees and charges. These economic losses would be reflected in our financial results of operations, and our ability to fund these obligations will depend on the liquidity of our assets and access
to capital at the time, and the need to fund these obligations could adversely impact our financial condition and results of operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Further, the
cost of using derivative or hedging instruments increases as the period covered by the instrument increases and during periods of rising and volatile interest rates. We may increase our derivative or hedging activity and thus increase our related
costs during periods when interest rates are volatile or rising and hedging costs have increased. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, hedging instruments involve risk since
they often are not traded on regulated exchanges, guaranteed by an exchange or its clearing house, or regulated by any U.S. or foreign governmental authorities. Consequently, in many cases, there are no requirements with respect to record keeping,
financial responsibility or segregation of customer funds and positions. Furthermore, the enforceability of agreements underlying derivative transactions may depend on compliance with applicable statutory and commodity and other regulatory
requirements and, depending on the identity of the counterparty, applicable international requirements. The business failure of a hedging counterparty with whom we enter into a hedging transaction will most likely result in a default. Default by a
party with whom we enter into a hedging transaction may result in the loss of unrealized profits and force us to cover our resale commitments, if any, at the then current market price. Although generally we will seek to reserve the right to
terminate our hedging positions, it may not always be possible to dispose of or close out a hedging position without the consent of the hedging counterparty, and we may not be able to enter into an offsetting contract in order to cover our risk. We
cannot be assured that a liquid secondary market will exist for hedging instruments purchased or sold, and we may be required to maintain a position until exercise or expiration, which could result in losses. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Complying with REIT requirements may limit our ability to hedge risk effectively. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The REIT provisions of the Code may limit the ability of a REIT to hedge the risks inherent to its operations. From time to time, we may enter into hedging
transactions with respect to one or more of our assets or liabilities. Our hedging transactions may include entering into interest rate swaps, caps and floors, options to purchase these items, and futures and forward contracts. Any income or gain
derived by us from transactions that hedge certain risks, such as the risk of changes in interest rates, will not be treated as gross income for purposes of either the 75% or the 95% income test for the purposes of qualifying as a REIT, as defined
below in &#147;Material Federal Income Tax Considerations &#151; Gross Income Tests,&#148; unless specific requirements are met. Such requirements include that the hedging transaction be properly identified within prescribed time periods and that
the transaction either (1)&nbsp;hedges risks associated with indebtedness issued by us that is incurred to acquire or carry real estate assets or (2)&nbsp;manages the risks of currency fluctuations with respect to income or gain that qualifies under
the 75% or 95% income test (or assets that generate such income). To the extent that we do not properly identify such transactions as hedges, hedge with other types of financial instruments, or hedge other types of indebtedness, the income from
those transactions is not likely to be treated as qualifying income for purposes of the 75%- and 95%-income tests if we intended to qualify as a REIT in that taxable year. As a result of these rules, we may have to limit the use of hedging
techniques that might otherwise be advantageous, which could result in greater risks associated with interest rate or other changes than we would otherwise incur. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">36 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Interest rates might increase. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on historical interest rates, current interest rates are low. If there is an increase in interest rates, any debt servicing on investments could be
significantly higher than currently anticipated, which would reduce the amount of cash available for distribution to the stockholders. Also, rising interest rates may affect the ability of our management to refinance an investment. Investments may
be less desirable to prospective purchasers in a rising interest rate environment and their values may be adversely impacted by the reduction in cash flow due to increased interest payments. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may use floating rate, interest-only or short-term loans to acquire assets. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our management has the right, in its sole discretion, to negotiate any debt financing, including obtaining (i)&nbsp;interest-only, (ii)&nbsp;floating rate
and/or (iii)&nbsp;short-term loans to acquire assets. If our management obtains floating rate loans, the interest rate would not be fixed but would float with an established index (probably at higher interest rates in the future). No principal would
be repaid on interest-only loans. Finally, we would be required to refinance short-term loans at the end of a relatively short period. No assurance can be given that our management would be able to refinance with fixed-rate permanent loans in the
future, on favorable terms or at all, to refinance the short-term loans. In addition, no assurance can be given that the terms of such future loans to refinance the short-term loans would be favorable to the Company. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may use leverage to make investments. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our management,
in its sole discretion, may leverage our assets. As a result of the use of leverage, a decrease in revenues of a leveraged asset may materially and adversely affect that investment&#146;s cash flow and, in turn, our ability to make distributions. No
assurance can be given that future cash flow of a particular asset will be sufficient to make the debt service payments on any borrowed funds for that asset and also cover operating expenses. If the investment&#146;s revenues are insufficient to pay
debt service and operating expenses, we would be required to use net income from other assets, working capital or reserves, or seek additional funds. There can be no assurance that additional funds will be available, if needed, or, if such funds are
available, that they will be available on terms acceptable to us. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Leveraging an asset allows a lender to foreclose on that asset. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lenders financing an asset, even <FONT STYLE="white-space:nowrap">non-recourse</FONT> lenders, are expected in all instances to retain the right to foreclose
on that asset if there is a default in the loan terms. If this were to occur, we would likely lose our entire investment in that asset. Lenders may have approval rights with respect to an encumbered asset. A lender financing an asset will likely
have numerous other rights, which may include the right to approve any change in the property manager for a particular investment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Availability of
financing and market conditions will affect the success of the Company. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Market fluctuations in real estate financing may affect the availability and
cost of funds needed in the future for investments. In addition, credit availability has been restricted in the past and may become restricted again in the future. Restrictions upon the availability of real estate financing or high interest rates
for real estate loans could adversely affect the investments and our ability to execute its investment goals. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Risks Related to
Limited Management Personnel and Certain Conflicts of Interest </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The loss of any of our executive officers could adversely affect our ability to
continue operations. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We only have three full-time employees and are therefore entirely dependent on the efforts of our President and our Chief
Financial Officer, who currently serves on a part time basis. The departure of either of these employees and our inability to find suitable replacements, or the loss of other key personnel in the future, could have a harmful effect on our business.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Because we will have broad discretion to invest the net proceeds of this offering, we may make investments where the returns are substantially below
expectations or which result in net operating losses. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will have broad discretion, within the general investment criteria established by our Board,
to invest the net proceeds of this offering and to determine the timing of such investments. In addition, our investment policies may be revised from time to time at the discretion of our Board, without a vote of our stockholders. Such discretion
could result in investments that may not yield returns consistent with your expectations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our President, Chief Executive Officer, and Chairman of the Board has guaranteed certain of our
indebtedness, which could constitute a conflict of interest. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our President, Chief Executive Officer, and Chairman of the Board has guaranteed
promissory notes for certain of our property acquisitions. As a guarantor, Mr.&nbsp;Sobelman&#146;s interests with respect to the debt he is guaranteeing (and the terms of any repayment or default) may not align with the Company&#146;s interests and
could result in a conflict of interest. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We rely on our management team, who devote only some of their time to us and may not be in a position to
devote their full-time attention to our operations, which may adversely affect our operations. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our success depends upon the continued service provided
by our management team, including Mr.&nbsp;Sobelman, our President, Chief Executive Officer, and Chairman, and Mr.&nbsp;Russell, our Chief Financial Officer. Members of our management team have competing demands for their time and resources.
Mr.&nbsp;Sobelman and Mr.&nbsp;Russell have other outside business activities which may cause conflicts of interest with respect to our operations. Pursuant to his employment agreement with us, Mr.&nbsp;Russell devotes up to 20 hours per week to our
operations. Our operations may be sporadic and occur at times which are not convenient to Mr.&nbsp;Russell, which may result in periodic delays in performing his duties. Such delays could have a significant negative effect on the success of the
business. To the extent the members of our management team have competing demands on their time and resources, they may have conflicts of interest in allocating their time between our business and their other activities. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>There may be conflicts of interest faced by our President, Chief Executive Officer, and Chairman of the board, who is also a managing partner in 3
Properties, which may compete with us for his business time and for business opportunities to acquire properties. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">While Mr.&nbsp;Sobelman serves as
our full-time President, Chief Executive Officer, and Chairman of the Board pursuant to his employment agreement with us, he is also the managing member of 3 Properties, which is a business formed in 2017 that operates as a commercial real estate
broker. Mr.&nbsp;Sobelman&#146;s business obligations and fiduciary duties with 3 Properties may limit his availability to focus on our business. If Mr.&nbsp;Sobelman does not devote sufficient time to us, or we are unable to obtain business
opportunities to acquire properties sufficient for us to generate revenues, then our business may not succeed. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Federal Income Tax
Risks </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Company is not currently a REIT and may never become a REIT. Failure to qualify as a REIT would adversely affect our operations and
our ability to make distributions. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have not qualified as a REIT to date and will not be able to satisfy the requirements of operating as a REIT
until after this offering closes. We intend to elect to be taxed as a REIT for federal income tax purposes commencing with our taxable year ending December 31, 2021. Our qualification as a REIT will depend upon our ability to meet, through
investments, actual operating results, distributions and satisfaction of specific rules, the various tests imposed by the Code. We intend to structure our activities in a manner designed to satisfy all of these requirements. However, if certain of
our operations were to be recharacterized by the Internal Revenue Service (the &#147;IRS&#148;), such recharacterization could jeopardize our ability to satisfy all of the requirements for qualification as a REIT. We will not apply for a ruling from
the IRS regarding our status as a REIT. Future legislative, judicial or administrative changes to the federal income tax laws could be applied retroactively, which could prevent our qualification or result in our disqualification as a REIT. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are currently, and if we fail to qualify as a REIT for any taxable year after having qualified we will
be, subject to federal income tax on our taxable income at corporate rates. Also, we would generally be disqualified from treatment as a REIT for the four taxable years following the year of losing our REIT status. Losing our REIT status would
reduce our net earnings available for investment or distribution to stockholders because of the additional tax liability. In addition, distributions to stockholders would no longer qualify for the dividends paid deduction, and we would no longer be
required to make distributions. If this occurs, we might be required to borrow funds or liquidate some investments in order to pay the applicable tax. Moreover, if any of our initial properties acquired before we qualified as a REIT were to be sold
within five years after electing REIT status, the disposition could give rise to gain that would be subject to corporate income tax. To qualify as a REIT, we may not have, at the end of any taxable year, any undistributed earnings and profits that
are attributable to a &#147;C&#148; corporation taxable year. We do not believe we will have any undistributed &#147;C&#148; corporation earnings and profits, but in the event we do accumulate any non-REIT earnings and profits, we intend to
distribute such non-REIT earnings and profits before the end of our first REIT taxable year to comply with this requirement. There can be no assurance that the IRS would not take the position that the distribution procedure is not available, in
which case we would fail to qualify as a REIT. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may have difficulty satisfying the requirement that we not be closely held. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">One of the requirements for REIT qualification is that we not be closely held. For these purposes, we will be closely held if five or fewer individuals
(including certain entities treated as individuals for this purpose) own (or are treated as owning under applicable attribution rules) more than 50% by value of our stock at any time during the second half of the taxable year. This requirement does
not apply during our first REIT year. Upon the election to be taxed as a REIT for our taxable year ending December 31, 2021, the closely held test should become relevant in July of 2022. Our articles of incorporation generally restrict any person
from owning or being treated as owning more than 9.8% of our stock, limiting the amount of our stock any five persons could own or be treated as owning 49% of our stock, in order to prevent us from failing the closely held requirement. As permitted
in our articles of incorporation, however, our Board has waived these limits for Mr.&nbsp;Sobelman who currently owns 225,004 shares of our common stock, or about 39%. Our Board does not intend to reduce our ownership limit below 9.8% to a
percentage that will ensure that four persons owning shares at such limit plus Mr.&nbsp;Sobelman will not own or be treated as owning more than 50% of our shares. Instead, the Board&#146;s waiver to Mr.&nbsp;Sobelman is conditioned upon his
agreement that if we would otherwise fail the &#147;closely held&#148; test, we will automatically redeem such number of Mr.&nbsp;Sobelman&#146;s shares for consideration of $.01 per share as will permit us to satisfy the &#147;closely held&#148;
test. If we fail to monitor our share ownership or to implement the redemption provision in the waiver to Mr.&nbsp;Sobelman, or the IRS does not respect the effective date of any redemptions, we may fail to qualify as a REIT. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Re-characterization</FONT> of sale-leaseback transactions may cause us to lose our REIT status. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may purchase properties and lease them back to the sellers of such properties. While we will use our best efforts to structure any such sale-leaseback
transaction so that the lease will be characterized as a &#147;true lease,&#148; thereby allowing us to be treated as the owner of the property for federal income tax purposes, the IRS could challenge such characterization. In the event that any
sale-leaseback transaction is challenged and <FONT STYLE="white-space:nowrap">re-characterized</FONT> as a financing transaction or loan for federal income tax purposes, deductions for depreciation and cost recovery relating to such property would
be disallowed. If a sale-leaseback transaction were so recharacterized, we might fail to satisfy the REIT qualification &#147;asset tests&#148; or the &#147;income tests&#148; and, consequently, lose our REIT status effective with the year of
recharacterization. Alternatively, the amount of our REIT taxable income could be recalculated which might also cause us to fail to meet the distribution requirement for a taxable year. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>In certain circumstances, we may be subject to federal and state income taxes as a REIT, which would reduce our cash available for distribution to you.
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Even if we qualify and maintain our status as a REIT, we may be subject to federal income taxes or state taxes. For example, net income from the sale
of properties that are &#147;dealer&#148; properties sold by a REIT (a &#147;prohibited transaction&#148; under the Code) will be subject to a 100% tax. We may not be able to make sufficient distributions to avoid excise taxes applicable to REITs.
We may also decide to retain capital gains we earn from the sale or other disposition of our property and pay income tax directly on such gain. In that event, our stockholders would be treated as if they earned that income and paid the tax on it
directly. We may also be subject to state and local taxes on our income or property, either directly or at the level of the Operating Partnership or at the level of the other entities through which we indirectly own our assets. Any federal or state
taxes we pay will reduce our cash available for distribution to you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>REIT distribution requirements could adversely affect our liquidity. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In order to maintain our REIT status and to meet the REIT distribution requirements, we may need to borrow funds on a short-term basis or sell assets, even if
the then-prevailing market conditions are not favorable for these borrowings or sales. To qualify as a REIT, we generally must distribute to our stockholders at least 90% of our net taxable income each year, excluding capital gains. In addition, we
will be subject to corporate income tax to the extent we distribute less than 100% of our net taxable </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">39 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
income including any net capital gain. We intend to make distributions to our stockholders to comply with the requirements of the Code for REITs and to minimize or eliminate our corporate income
tax obligation to the extent consistent with our business objectives. Our cash flows from operations may be insufficient to fund required distributions as a result of differences in timing between the actual receipt of income and the recognition of
income for federal income tax purposes, or the effect of <FONT STYLE="white-space:nowrap">non-deductible</FONT> capital expenditures, the creation of reserves or required debt service or amortization payments. The insufficiency of our cash flows to
cover our distribution requirements could have an adverse impact on our ability to maintain our REIT status. We may have to incur short- or long-term debt or liquidate an investment in a property we were not planning to sell to pay these
distributions. In addition, we will be subject to a 4% nondeductible excise tax on the amount, if any, by which distributions paid by us in any calendar year are less than the sum of 85% of our ordinary income, 95% of our capital gain net income and
100% of our undistributed income from prior years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Further, amounts distributed will not be available to fund investment activities. We expect to fund
our investments by raising equity capital and through borrowings from financial institutions and the debt capital markets. If we fail to obtain debt or equity capital in the future, it could limit our ability to grow, which could have a material
adverse effect on the value of our common stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Dividends payable by REITs do not qualify for the reduced tax rates available for some dividends.
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The maximum tax rate applicable to &#147;qualified dividend income&#148; payable to U.S. stockholders that are taxed at individual rates is 20%
(exclusive of the application of the 3.8% net investment tax). Dividends (other than capital gain dividends) payable by REITs, however, generally are not eligible for the reduced rates on qualified dividend income and therefore may be subject to a
37% maximum U.S. federal income tax rate on ordinary income when paid to such stockholders. Through taxable years ending December 31, 2025, the top effective rate applicable to ordinary dividends from REITs is 29.6% (through a 20% deduction for
ordinary REIT dividends received that are not &#147;capital gain dividends&#148; or &#147;qualified dividend income,&#148; subject to complex limitations). The more favorable rates applicable to regular corporate qualified dividends could cause
investors who are taxed at individual rates to perceive investments in REITs to be relatively less attractive than investments in the stocks of <FONT STYLE="white-space:nowrap">non-REIT</FONT> corporations that pay dividends, which could adversely
affect the value of the shares of REITs, including our common stock if we qualify as a REIT. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We may be unable to generate sufficient revenue from
operations, operating cash flow or portfolio income to pay our operating expenses, and our operating expenses could rise, diminishing our ability to pay distributions to our stockholders. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we are established as a REIT, we are generally required to distribute at least 90% of our REIT taxable income, determined without regard to the dividends
paid deduction and not including net capital gains, each year to our stockholders. To qualify for the tax benefits applicable to REITs, we have and intend to continue to make distributions to our stockholders in amounts such that we distribute all
or substantially all our net taxable income each year, subject to certain adjustments. However, our ability to make distributions may be adversely affected by the risk factors described herein. Our ability to make and sustain cash distributions is
based on many factors, including the return on our investments, the size of our investment portfolio, operating expense levels, and certain restrictions imposed by Maryland law. Some of the factors are beyond our control and a change in any such
factor could affect our ability to pay future dividends. No assurance can be given as to our ability to pay distributions to our stockholders. In the event of a downturn in our operating results and financial performance or unanticipated declines in
the value of our asset portfolio, we may be unable to declare or pay monthly distributions or make distributions to our stockholders. The timing and amount of distributions are in the sole discretion of our Board, which considers, among other
factors, our earnings, financial condition, debt service obligations and applicable debt covenants, REIT qualification requirements and other tax considerations and capital expenditure requirements as our Board may deem relevant from time to time.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our tax protection agreements could give rise to material liability.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have entered into a tax protection agreement with each of Greenwal, L.C. and Riverside Crossing, L.C., in connection with their respective contributions of
property to us in June 2019. These agreements limit our ability to dispose of any interest in those contributed properties in a taxable transaction prior to the seventh anniversary of the applicable contribution date. Upon such a disposition,
subject to certain exceptions (such as a tax-deferred Section 1031 like-kind exchange), we are required to indemnify Greenwal, L.C. and Riverside Crossing, L.C. and their indirect owners for their federal, state and local income tax liabilities
attributable to the built-in gain that existed with respect to such contributed property as of the contribution date, plus in certain instances, an additional amount so that after the counterparty (or certain other parties) has paid any federal,
state and local income taxes on the tax indemnity payments received, including any additional amounts, it has received an amount equal to the additional federal, state and local income taxes incurred. Moreover, the agreements require a similar
indemnification obligation if, during the seven-year period from the applicable contribution date, we do not maintain a certain minimum level of nonrecourse debt secured by the contributed property or fail to offer the contributors the opportunity
to guarantee any replacement debt upon a future repayment, retirement, refinancing or other reduction (other than a scheduled amortization) of currently outstanding debt on their respective contributed property. We agreed to these provisions to
facilitate the property acquisitions and assist the contributors in deferring the recognition of taxable gain as a result of their contribution of the properties to us. At the time of contribution, the approximate appraised value of the property
contributed by Greenwal, L.C. was $11.8 million, and the approximate value of the property contributed by Riverside Crossing, L.C. was $7.1 million. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Legislative or regulatory action could adversely affect investors. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Because our operations are governed to a significant extent by the federal tax laws, new legislative or regulatory action could adversely affect investors.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You are urged to consult with your own tax advisor with respect to the status of legislative, regulatory or administrative developments and proposals and
their potential effect on an investment in our common stock. You should also note that our counsel&#146;s tax opinion assumes that no legislation will be enacted after the date of this prospectus that will be applicable to an investment in our
shares, and that future legislation may affect this tax opinion. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Foreign purchasers of our common stock may be subject to FIRPTA tax upon the sale of their shares.
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Foreign persons (other than certain foreign pension funds) disposing of a U.S. real property interest, including shares of a U.S. corporation whose
assets consist principally of U.S. real property interests, are generally subject to the Foreign Investment in Real Property Tax of 1980, as amended, known as FIRPTA, on the gain recognized on the disposition. Such FIRPTA tax does not apply,
however, to the disposition of stock in a REIT if the REIT is &#147;domestically controlled.&#148; A REIT is &#147;domestically controlled&#148; if less than 50% of the REIT&#146;s stock, by value, has been owned directly or indirectly by persons
who are not qualifying U.S. persons during a continuous five-year period ending on the date of disposition or, if shorter, during the entire period of the REIT&#146;s existence. We cannot assure you that we will qualify as a &#147;domestically
controlled&#148; REIT. If we were to fail to so qualify, gain realized by foreign investors on a sale of our shares would be subject to FIRPTA tax, unless our shares were regularly traded on an established securities market and the foreign investor
did not at any time during a specified testing period directly or indirectly own more than 10% of the value of our outstanding common stock. See &#147;Federal Income Tax Considerations&nbsp;&#151;&nbsp;Special Tax Considerations for <FONT
STYLE="white-space:nowrap">Non-U.S.</FONT> Stockholders&nbsp;&#151;&nbsp;Sale of our Shares by a <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Stockholder.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">41 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_4"></A>USE OF PROCEEDS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We estimate that we will receive net proceeds from this offering of approximately $13.9&nbsp;million (or approximately $16.1&nbsp;million if the
over-allotment option is exercised in full), after deducting underwriting discounts and commissions, and estimated expenses of the offering, assuming a public offering price of $11 per Unit, which is the midpoint of the price range indicated on the
cover page of this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will contribute the net proceeds of this offering to our Operating Partnership as a capital contribution in exchange
for additional common units in our Operating Partnership. Our Operating Partnership intends to use approximately $500,000 of the net proceeds from this offering to operate our existing portfolio of commercial real estate properties; approximately
$520,000 for general business purposes and working capital; and the remainder to acquire additional freestanding, single- and dual-tenant commercial properties. We cannot predict if or when we will identify and acquire properties that meet our
acquisition criteria so as to permit us to invest the net proceeds of this offering. Except for fixed costs, the amounts actually spent by us for any specific purpose may vary and will depend on a number of factors.
<FONT STYLE="white-space:nowrap">Non-fixed</FONT> costs and general and administrative costs may vary depending on our business progress and development efforts, and general business conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Once we qualify for taxation as a REIT, we intend to make regular cash distributions to our stockholders out of our cash available for distribution, typically
on a monthly basis. Generally, our policy will be to pay distributions from cash flow from operations. However, our distributions may be paid from sources other than cash flows from operations, and although not currently expected, distributions
could be paid from the net proceeds of this offering. Our organizational documents do not restrict us from paying distributions from any source and do not restrict the amount of distributions we may pay from any source, including offering proceeds.
Distributions paid from sources other than current or accumulated earnings and profits may constitute a return of capital. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prior to the full investment
of the net proceeds in net lease properties, we intend to invest the net proceeds in interest-bearing short-term investment grade securities or money-market accounts which are consistent with our intention to qualify as a REIT. Such investments may
include, for example, government and government agency certificates, certificates of deposit, interest-bearing bank deposits and mortgage loan participations. These short-term investments are expected to provide a lower net return than we will seek
to achieve from further investments in net lease properties. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">42 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_5"></A>DETERMINATION OF OFFERING PRICE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Prior to this offering, there has been only a limited public market for our common stock. The public offering price of the Units was
determined through negotiations between us and the underwriters, and does not necessarily bear any relationship to the value of our assets, our net worth, revenues or other established criteria of value, and should not be considered indicative of
the actual value of the securities. In addition to prevailing market conditions, the factors considered in determining the public offering price of our Units included the following: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the information included in this prospectus; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the valuation multiples of publicly traded companies that we or the underwriters believe to be comparable to us;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our financial information; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our prospects and the history and prospects of the real estate industry; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an assessment of our management, its past and present operations, and the prospects for, and timing of, our
projected revenues; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the present state of our development; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the above factors in relation to market values and various valuation measures of other companies engaged in
activities similar to ours. </P></TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_5a"></A>CAPITALIZATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth our historical combined cash and cash equivalents and capitalization as of June&nbsp;30, 2021 on an actual
basis, and as adjusted to give effect to the sale by us of 1,500,000 Units in this offering at the assumed public offering price of $11.00 per Unit, which is at the midpoint of the range set forth on the cover of this prospectus, after deducting the
estimated underwriting discounts and commissions and estimated offering expenses payable by us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You should read this table together with
&#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#148; as well as our consolidated financial statements and related notes appearing elsewhere in this prospectus. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="65%"></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of June 30, 2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Historical&nbsp;(unaudited)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;Adjusted&nbsp;(1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">608,792</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">14,486,792</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Debt:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mortgage loans, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,280,176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,280,176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000 </TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000 </TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total Debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">31,380,176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">31,380,176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redeemable Non-controlling interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,134,431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,134,431 </TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common Stock, $0.01 par value per share; 100,000,000 shares authorized, actual; 582,867 shares
issued and outstanding, actual; 100,000,000 shares authorized, as adjusted; 1,970,367 shares issued and outstanding, as adjusted(1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,829</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,829 </TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional paid-in capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,570,728</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,433,728</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated deficit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,026,484</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,026,484</TD>
<TD NOWRAP VALIGN="bottom">) &nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total stockholders&#146; equity before non-controlling interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">550,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,428,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total Capitalization</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">42,064,680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">55,942,680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(1) The outstanding number of shares on an as adjusted basis includes (1) 470,367 shares of common stock issued and
outstanding as of June&nbsp;30, 2021 (giving effect to the redemption of 112,500 shares owned by David Sobelman) and (2) 1,500,000 shares of common stock issued in this offering. The number of shares issued and outstanding does not include (a) any
shares which may be issued as part of the Units in connection with the exercise of the over-allotment option, (b) any shares which may be issued in exchange for operating partnership units or (c) shares of common stock issuable upon the exercise of
Warrants to be issued to investors in this offering. </P>  <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_6"></A>DILUTION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, our historical net tangible book value was $9.1&nbsp;million, or $7.36&nbsp;per share of our common stock. Our
historical net tangible book value is the amount of our total tangible assets less our liabilities but excluding intangible liabilities. Historical net tangible book value per share is our historical net tangible book value divided by the number of
shares of common stock outstanding as of June&nbsp;30, 2021; adjusted for the Conversion of Redeemable Non-Controlling Interests for 657,644 common shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our as adjusted net tangible book value as of June&nbsp;30, 2021, which is our net tangible book value at that date, after giving effect to
the sale of 1,500,000 Units in this offering by us at an assumed public offering price of $11.00 per Unit, which is the midpoint of the price range indicated on the cover page of this prospectus and after deducting the estimated underwriting
discounts and commissions and estimated offering expenses payable by us, would have been $23.0 million, or $8.75 per share. This amount represents an immediate increase in net tangible book value of $1.39 per share to our existing stockholders and
an immediate dilution of $2.25 per share to investors purchasing common stock as part of the Units in this offering. Dilution per share to investors participating in this offering is determined by subtracting as adjusted net tangible book value per
share after this offering from the assumed public offering price per Unit paid by investors in this offering. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table
illustrates this dilution on a per share basis: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="90%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Assumed public offering price per Unit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Historical net tangible book value per share as of June&nbsp;30, 2021</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7.36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Increase in net tangible book value per share attributable to new investors purchasing shares in
this offering</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">As adjusted net tangible book value per share after giving effect to this offering</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dilution per share to investors participating in this offering</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>   <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information discussed above is illustrative only, and will be adjusted based on the actual public
offering price and other terms of this offering determined at pricing. Each $1.00 increase in the assumed public offering price of $11.00 per Unit, would further increase the as adjusted net tangible book value per share after this offering by $0.52
per share and the dilution per share to investors participating in this offering by $0.48 per share, assuming that the number of Units offered by us, as set forth on the cover page of this prospectus, remains the same and after deducting the
estimated underwriting discounts and commissions and estimated offering expenses payable by us. Each $1.00 decrease in the assumed public offering price of $11.00 per Unit, would further decrease the as adjusted net tangible book value per share
after this offering by $0.51 per share and the dilution per share to investors participating in this offering by $0.49 per share, assuming that the number of Units offered by us, as set forth on the cover page of this prospectus, remains the same
and after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We may also
increase or decrease the number of Units we are offering. An increase of 100,000 in the number of Units offered by us would increase our as adjusted net tangible book value per share by approximately $0.05, and decrease the dilution per share to
investors participating in this offering by $0.05, after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us. A decrease of 100,000 in the number of Units offered by us would decrease our as
adjusted net tangible book value per share by approximately $0.04 and increase the dilution per share to investors participating in this offering by $0.04 after deducting estimated underwriting discounts and commissions and estimated offering
expenses payable by us. The information discussed above is illustrative only and will be adjusted based on the actual offering price, the actual number of Units we offer in this offering, and other terms of this offering determined at pricing. </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">43 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the underwriters exercise their option to purchase additional Units in full, the as
adjusted net tangible book value after giving effect to the offering would be $8.85 per share, representing an increase in as adjusted net tangible book value after giving effect to this offering to existing stockholders of $1.49 per share and
immediate dilution of $2.15 per share to investors purchasing common stock as part of the Units in this offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The above discussion
and table is based on 1,240,511 outstanding shares of common stock as of June&nbsp;30, 2021, including the assumed conversion of limited partnership units of Generation Income Properties L.P. and its subsidiaries outstanding as of June&nbsp;30,
2021, into 657,644 shares of common stock and excludes as of such date: </P>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">outstanding warrants to purchase up to 100,000 shares of our common stock at an exercise price of $20.00 per
share; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">24,833 unvested shares of restricted stock; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">shares of our common stock issuable upon the exercise of Warrants to be issued to investors in this offering.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In addition, except as otherwise indicated, the information above reflects and assumes no exercise by the underwriters
of their option to purchase additional 225,000 Units and no exercise of the warrants to be issued to the Representative in the offering. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To the extent that any outstanding warrants are exercised or we issue additional shares of common stock or other equity or convertible debt
securities in the future, there will be further dilution to investors participating in this offering. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">44 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_7"></A>OUR DISTRIBUTION POLICY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We intend to operate in a manner that will allow us to qualify as a REIT for federal income tax purposes. The U.S. federal income tax laws
require that a REIT distribute annually at least 90% of its REIT taxable income, determined without regard to the dividends paid deduction and excluding any net capital gains, and that it pay tax at U.S. federal corporate income tax rates to the
extent that it annually distributes less than 100% of its REIT taxable income, determined without regard to the dividends paid deduction and including any net capital gains. In addition, a REIT will be required to pay a 4% nondeductible excise tax
on the amount, if any, by which the distributions it makes in a calendar year are less than the sum of 85% of its ordinary income, 95% of its capital gain net income, and 100% of its undistributed income&nbsp;from prior years. For more information,
see &#147;Material U.S. Federal Income Tax Considerations.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Although we anticipate making monthly distributions to our stockholders
over time, our board of directors has the sole discretion to determine the timing and amount of any distributions to our stockholders. As such, we cannot provide any assurance as to the amount or timing of future distributions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If our operations do not generate sufficient cash flow to enable us to pay our intended or required distributions, we may be required either
to fund distributions from working capital, borrowings, proceeds from the sale of equity securities or to reduce the amount of such distributions. Because we have not yet generated a profit, distributions to date have been made from offering
proceeds. To be able to pay such dividends, our goal is to generate cash distributions from operating cash flow and proceeds from the sale of properties.&nbsp;However, until we generate sufficient cash flows, we expect our distributions will be from
a combination of operating cash flows and offering proceeds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Distributions made by us will be authorized and determined by our board of
directors in its sole discretion out of funds legally available therefor and will be dependent upon a number of factors, including restrictions under applicable law and other factors described below. We cannot assure you that our distributions will
be made or sustained or that our board of directors will not change our distribution policy in the future. Any distributions that we pay in the future will depend upon our actual results of operations, economic conditions, debt service requirements,
capital expenditures and other factors that could differ materially from our current expectations. Our actual results of operations will be affected by a number of factors, including our revenue, operating expenses, interest expense and
unanticipated expenditures. With the proceeds from this offering, we do not currently expect that our regular dividends will change materially from the dividends in March 2021 although we intend to pay dividends on a monthly basis that aggregate our
prior quarterly dividends. For more information regarding risk factors that could materially adversely affect our actual results of operations, see &#147;Risk Factors.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a summary of distributions declared per share for the years ended December&nbsp;31, 2019 and 2020 and for the period from January&nbsp;1,
2021 through the date of this prospectus: </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="18%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Board of Directors<BR>Authorized
Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Record&nbsp;Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Per&nbsp;Share&nbsp;Cash&nbsp;Dividend&nbsp;to<BR>Common&nbsp;Shareholders</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Total&nbsp;Dividends&nbsp;Paid</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>President&#146;s&nbsp;Ownership&nbsp;at<BR>time of
Distribution</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">May 20, 2019</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">May 1, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$0.42</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$119,676</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">44.1%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">October 18, 2019</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">October 1, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$0.42</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$126,100</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">42.8%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">January 31, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">February 28, 2020</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$0.35</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$105,101</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">42.8%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">June 23, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">July 2, 2020</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$0.35</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$105,084</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">42.8%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">October 30, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">November 17, 2020</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$0.35</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$123,171</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">39.0%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">February 26, 2021</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">March 15, 2021</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$0.325</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$114,373</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">39.0%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">August 25, 2021</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">August 31, 2021</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$0.325</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$116,306</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">38.6%</TD></TR>
</TABLE>   <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">David Sobelman, our President, Chief Executive Officer and founder and current waived his
distribution for these periods and is expected to continue to waive his distribution until our distribution are fully covered by our cash flow, including distribution on Mr.&nbsp;Sobelman&#146;s shares. However, Mr.&nbsp;Sobelman will be entitled to
receive future distribution and his past waivers for these distribution does not act as a waiver for future distribution. From inception through the date of this prospectus, we have distributed approximately $853,000 to common stockholders. In
addition, on August 26, 2021, we announced that our Board of Directors authorized a $0.325 per share quarterly cash distribution for shareholders of record of our common stock as of August 31, 2021. This distribution is expected to be paid on or
about September 15, 2021. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">45 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_8"></A>OUR BUSINESS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Our Company </B></P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are an internally
managed real estate investment company focused on acquiring and managing income-producing retail, office and industrial properties net leased to high quality tenants in major markets throughout the United States. With interest rates at historical
lows, we believe our focus on owning properties leased to investment grade or creditworthy tenants provide attractive risk adjusted returns through current yields, long term appreciation and tenant renewals. As of August 13, 2021, approximately 73%
of our annualized rent was received from tenants that have (or whose parent company has) an investment grade credit rating of &#147;BBB-&#148; or higher and 100% of our rent was paid on a timely basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that single-tenant commercial properties, as compared with shopping centers, malls, and other traditional multi-tenant properties, offer a distinct
investment advantage since single-tenant properties generally require less management and operating capital and have less recurring tenant turnover than do multi-tenant properties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Given the stability and predictability of the cash flows, many net leased properties are held in family trusts, providing us an opportunity to acquire these
properties for tax deferred units while giving the owners potential liquidity through the conversion of the units for freely tradable shares of stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
intend to use substantially all of the net proceeds from this offering to operate our existing portfolio of commercial real estate properties and acquire additional freestanding, single-tenant commercial properties. Once we qualify for taxation as a
REIT, we intend to make regular cash distributions to our stockholders out of our cash available for distribution, typically on a monthly basis. Generally, our policy will be to pay distributions from cash flow from operations. However, our
distributions may be paid from sources other than cash flows from operations, such as from the proceeds of this offering, borrowings or distributions in kind. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have been organized as a Maryland corporation and intend to operate in conformity with the requirements for qualification and taxation as a REIT under U.S.
federal income tax laws, commencing with our taxable year ending December 31, 2021. We have not qualified as a REIT to date and will not be able to satisfy the requirements of operating as a REIT until after this offering closes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We and our Operating Partnership were organized to operate using an UPREIT structure. We use an UPREIT structure because a sale of property directly to
another person or entity generally is a taxable transaction to the selling property owner. In an UPREIT structure, a seller of a property that desires to defer taxable gain on the sale of its property may transfer the property to the Operating
Partnership in exchange for common units in the Operating Partnership and defer taxation of gain until the seller later disposes of its common units in the Operating Partnership. Using an UPREIT structure may give us an advantage in acquiring
desired properties from persons who may not otherwise sell their properties because of unfavorable tax results. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of August 23, 2021, we own 60.9%
of the outstanding common units in the Operating Partnership and outside investors own 39.1%. After we contribute the net proceeds of this offering to our Operating Partnership in exchange for common units of the Operating Partnership, our
percentage ownership of outstanding common units in the Operating Partnership will increase to approximately 84%, assuming the sale of 1,500,000&nbsp;Units in this offering by us at an assumed public offering price of $11.00&nbsp;per Unit, which is
the midpoint of the price range indicated on the cover page of this prospectus, and the redemption of 112,500&nbsp;shares held by Mr.&nbsp;Sobelman. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">46 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Business Objectives and Investment Strategy </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We intend to acquire and manage a diversified portfolio of high quality net leased properties that generates predictable cash flows and capital appreciation
over market cycles. We expect that these properties generally will be net leased to a single tenant. Under a net lease, the tenant typically bears the responsibility for most or all property related expenses such as real estate taxes, insurance, and
maintenance costs. We believe this lease structure provides us with stable cash flows over the term of the lease, and minimizes the ongoing capital expenditures. We seek to identify properties in submarkets with high barriers to entry for
development and where valuation is frequently influenced by local real estate market conditions and tenant needs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Focus</I><I> </I><I>on</I><I>
</I><I>Real</I><I> </I><I>Estate</I><I> </I><I>Fundamentals</I><I>:</I><B><I> </I></B>We have observed that the market for properties with bond type net leased structures, lease terms greater than ten years, and limited rent escalators upon renewal
are exposed to many of the same operational and market risks as other net leased properties while providing lower returns due to competition. We believe that focusing on traditional real estate fundamentals allows us to target properties with
shorter lease terms, modified net leases or vacancy and thereby may allow us to generate superior returns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Target</I><I> </I><I>Markets</I><I>
</I><I>with</I><I> </I><I>Attractive</I><I> </I><I>Characteristics:</I> We plan to concentrate our investment activity in select target markets with the following characteristics: high quality infrastructure, diversified local economies with
multiple economic drivers, strong demographics, pro-business local governments and high quality local labor pools. We believe that these markets offer a higher probability of producing long term rent growth and capital appreciation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Target Strategic Net Leased Properties:</I><B> </B>We target properties that offer unique strategic advantages to a tenant or an industry and can therefore
be acquired at attractive yields relative to the underlying risk. We look for properties that are difficult or costly to replicate due to a specific location, special zoning, unique physical attributes, below market rents or a significant tenant
investment in the facility, all of which contribute to a higher probability of tenant renewals. Examples of specialized properties include our Pratt &amp; Whitney manufacturing facility located in Huntsville, Alabama whose specialized equipment is
unique to such a facility and the GSA (US Navy) occupied building in Norfolk, Virginia due to the tenant&#146;s buildout for IT and security. We target properties if we believe they are critical to the ongoing operations of the tenant and the
profitability of its business. We believe that the profitability of the operations and the difficulty in replicating or moving operations reflect the importance of the property to the tenant&#146;s business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Target Investments that Maximize Growth Potential: </I>We focus on net leased investment properties where, in our view, there is the potential to invest
incremental capital to accommodate a tenant&#146;s business, extend lease terms and increase the value of a property. We believe these opportunities can generate attractive returns due to the nature of our relationship with the tenant. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Disciplined Underwriting &amp; Risk Management </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We actively manage and regularly review each of our properties for changes in the underlying business, credit of the tenant and market conditions. Before
acquiring a property, we review the terms of the management contract to ensure our team is able to maximize cash flow capital appreciation through potential lease renewals and/or potential re-tenanting. Additionally, we monitor any required capital
improvements that would lead to increased rental income or capital appreciation over time. We focus on active management with the tenants upon the acquisition of an asset since our experience in the single-tenant, commercial real estate industry
indicates that active management and fostering tenant relationships has the potential to positively impact long-term financial outcomes, such as: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">better communication with corporate level and unit level staff to determine ongoing company and location-specific
performance, strategic goals and directives; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the ability to hold a tenant accountable for property maintenance during occupancy in order to reduce the
probability of future deferred maintenance expenses; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the ability to develop relationships with tenants as an active participant in their occupancy which can lead to
better communication during times of potential negotiations. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">47 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Underwriting Process </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our extensive underwriting process evaluates key fundamental value drivers that we believe will attract long-term tenants and result in property appreciation
over time. This comprehensive pre-ownership analysis led by our CEO (David Sobelman, who has over 15 years in different capacities within the net lease commercial real estate) helps us to assess location level performance, including the possible
longevity of tenant occupancy throughout the primary lease term and option periods. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We assess target markets and properties using an extensive
underwriting and evaluation process, including: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">offering materials review; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">property and tenant lease information; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">in depth conversations with offering agent, local brokers and property management companies;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">thorough credit underwriting of the tenant; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">review of tenant&#146;s historical performance in the specific market and their nationwide trend to determine
potential longevity of the asset and tenant&#146;s business model; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">market real estate dynamics, including macroeconomic market data and market rents for potential rental rate
changes after initial lease term; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">evaluation of business trends for local real estate demand specifics and competing business locations;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">review of asset level financial performance; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">pre-acquisition discussions with asset manager to confirm property specific reserve amounts and potential future
capital expenditures; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">review of property&#146;s physical condition and related systems; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">financial modeling to determine our preliminary baseline pricing. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Specific acquisition criteria may include, but is not limited to, the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">properties with existing, long-term leases of approximately seven years or greater; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">premier locations and facilities with multiple alternative uses; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">sustainable rents specific to a tenants&#146; location that may be at or below market rents;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">investment grade or strong credit tenant; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">properties not subject to long-term management contracts with management companies; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">opportunities to expand the tenants&#146; building and/or implement value-added operational
improvements;&nbsp;and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">population density and strong demand growth characteristics supported by favorable demographic indicators.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">48 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Competitive Strengths </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect the following factors will benefit the Company as we implement our business strategy: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Focused Property Investment Strategy</I>.&nbsp;We have invested and intend to invest primarily in assets that
are geographically located in prime markets throughout the United States, with an emphasis on the major primary and coastal markets, where we believe there are greater barriers to entry for the development of new net lease properties.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Experienced Board of Directors</I>. We believe that we have a seasoned and experienced board of directors that
will help us achieve our investment objectives. In combination, our directors have approximately 110 years of experience in the real estate industry. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Real Estate Industry Leadership and Networking</I>.&nbsp;We are led by our Chairman, Chief Executive Officer,
and President, David Sobelman. He founded the Company after serving in different capacities within the net lease commercial real estate market. Mr.&nbsp;Sobelman has held various roles within the single tenant, net lease commercial real estate
investment market over the past 18 years, including investor, asset manager, broker, owner, analyst and advisor. Mr. Sobelman started his real estate career in 2003 as a real estate analyst and ultimately emerged into a Managing Partner of a
solely-focused, triple net lease commercial real estate firm. He has procured or overseen numerous transactions that ranged from small, private investments to portfolio transactions with individual aggregate values of approximately $69 million.
Additionally, Mr. Sobelman considers himself a pioneer in implementing hands-on management of net leased properties in order to potentially maintain or increase the value of any one asset. He has overseen or actively participated in single tenant
real estate management since 2010. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Established and Developing Relationships with Real Estate Financing Sources</I>. We believe our existing
relationships with institutional sources of debt financing could provide us with attractive and competitive debt financing options as we grow our property portfolio, and provide us the opportunity to refinance our existing indebtedness.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Existing Acquisition Pipeline.&nbsp;</I>We believe our extensive network of long standing relationships will
provide us with access to a pipeline of acquisition opportunities that will enable us to identify and capitalize on what we believe are attractive acquisition opportunities for our leasing efforts. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Growth-Oriented, Flexible and Conservative Capital Structure</I>. With the completion of this offering, we
believe our capital structure will provide us with an advantage over many of our private and public competitors. Upon completion of this offering, we will have no legacy balance sheet issues and limited near-term maturities, which will allow
management to focus on business and growth strategies rather than balance sheet repair. </P></TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Financing Strategies </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our long-term goal is to maintain a lower-leveraged capital structure and lower outstanding principal amount of our consolidated indebtedness. Initially, we
intend to target aggregate borrowings equal to approximately 50% or less of our total assets after we have invested the proceeds of this offering. Individual assets may be more highly leveraged. Over time, we intend to reduce our debt positions
through financing our long-term growth with equity issuances and some debt financing having staggered maturities. Our debt may include mortgage debt secured by our properties and unsecured debt. Over a long-term period, we intend to maintain lower
levels of debt encumbering the Company, its assets and/or the portfolio. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">49 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Our Current Portfolio </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following are characteristics of our ten properties as of August 13, 2021: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Creditworthy Tenants. </I>Approximately 73% of our portfolio&#146;s annualized base rent as of August&nbsp;13,
2021 was derived from tenants that have (or whose parent company has) an investment grade credit rating from a recognized credit rating agency of &#147;BBB-&#148; or better. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>100% Occupied</I>. Our portfolio is 100% leased and occupied. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Contractual Rent Growth. </I>Approximately 71% of the leases in our current portfolio (based on annualized
base rent as of August&nbsp;13, 2021) provide for increases in contractual base rent during future years of the current term or during the lease extension periods. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Average</I><I> </I><I>Effective</I><I> </I><I>Annual</I><I> </I><I>Rental</I><I> </I><I>per</I><I>
</I><I>Square</I><I> </I><I>Foot</I>. Average effective annual rental per square foot is $18.50. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The table below presents an overview
of the ten properties in our portfolio as of August&nbsp;13, 2021, unless otherwise indicated: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="23%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Property</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Type</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Property</B><br><B>Location</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rentable</B><br><B>Square</B><br><B>Feet </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tenant(s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>S&amp;P</B><br><B>Credit</B><br><B>Rating</B><br><B>(1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Lease</B><br><B>Expiration</B><br><B>Date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Remaining</B><br><B>Term</B><br><B>(Years)</B><br><B>(5)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Options</B><br><B>(Number</B><br><B>x&nbsp;Years)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tenant</B><br><B>Contractual</B><br><B>Rent</B><br><B>Escalations</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Annualized</B><br><B>Base&nbsp;Rent</B><br><B>(2) </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Annualized</B><br><B>Base&nbsp;Rent</B><br><B>Sq.&nbsp;Ft.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Base&nbsp;Rent</B><br><B>as&nbsp;a&nbsp;%&nbsp;of</B><br><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Washington,<BR>DC</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">7-Eleven<BR>Corporation</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">A</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3/31/2026</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2&nbsp;x&nbsp;5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$129,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$43.27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Tampa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Starbucks</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2/29/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$182,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$82.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Huntsville,<BR>AL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">59,091</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Pratt&nbsp;&amp;&nbsp;Whitney<BR>Automation, Inc.</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">A-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1/31/2029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$684,996</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Cocoa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">15,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Walgreen&nbsp;Co.&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7/31/2028&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">8 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">No</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$313,480</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$20.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Norfolk,<BR>VA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">49,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR><BR><BR><BR></TD>
<TD VALIGN="bottom" ALIGN="center">General Services<BR>Administration<BR>of the United<BR>States of<BR>America and</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">AA+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9/17/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">No</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$882,476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$17.68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Norfolk,<BR>VA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">22,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Maersk Line,<BR>Limited</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/31/2022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$375,588</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$16.88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Norfolk,<BR>VA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">34,847</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">PRA Holdings,<BR>Inc. (4)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BB+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">8/31/2027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$721,214</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$20.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Tampa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Sherwin-<BR>Williams</TD>
<TD NOWRAP VALIGN="bottom"><BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7/31/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">5 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$120,750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$34.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Manteo, NC</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7,543</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">General Services<BR>Administration</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">AA+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2/20/2029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$161,346</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$21.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Tampa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7,826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR><BR></TD>
<TD VALIGN="bottom" ALIGN="center">Irby<BR>Construction<BR>Company</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/31/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$148,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$18.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Rockford,<BR>IL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">15,288</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">La-Z-Boy<BR>Corporation</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">NR</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10/31/2027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$360,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$23.55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>220,564</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,080,454</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Tenant, or tenant parent, rated entity. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Annualized cash rental income in place as of June&nbsp;30, 2021. Our leases do not include tenant concessions
or abatements. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The lease runs through July 31, 2068. However, the Tenant has the right to terminate on the following dates:
July 31, 2028, July 31, 2033, July 31, 2038, July 31, 2043, July 31, 2048, July 31, 2053, July 31, 2058 and July 31, 2063. We estimate Tenant will stay at least through December 31, 2029. On June&nbsp;8, 2021, we entered into a purchase and sale
agreement to sell our Cocoa, Florida property to a third party for $5.4 million. The sale is subject to customary closing conditions, including a thirty day inspection period for the purchaser to conduct due diligence on the property during which
the purchaser may terminate the agreement for any reason without penalty. The closing is expected to occur on or before the sixtieth day following the expiration of the diligence period. See &#147;<I>Agreement to Sell Cocoa, Florida
Property</I>&#148; below. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Tenant has the right to terminate the lease on August 31, 2024 subject to certain conditions.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The leases in our current portfolio have a weighted average remaining lease term of approximately 6.1 years
(assuming that the Cocoa, Florida lease is terminated by tenant on July&nbsp;31, 2028 as permitted by the lease). </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">50 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of August 13, 2021, we owned the following ten assets: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On June&nbsp;29, 2017, we acquired through our wholly-owned Delaware subsidiary, GIPDC 3707 14th&nbsp;ST, LLC, a
3,000 square foot single tenant retail condo located at 3707-3711 14th&nbsp;Street, NW in Washington, D.C. (the &#147;D.C. Property&#148;) for approximately $2.6&nbsp;million in total consideration, with&nbsp;7-Eleven&nbsp;Corporation as a
continuing tenant. The lease for the D.C. Property is a&nbsp;triple-net&nbsp;lease with an initial term of ten years, ending March&nbsp;31, 2026, with two options to extend the term of the lease for two additional five-year periods. The base rent is
$9,833.33 per month for the first five years of the lease, increasing to $10,817.00 per month for years six through ten of the lease term. We have granted a first priority mortgage on the D.C. property and each of the Tampa, Florida and Huntsville,
Alabama properties described below, to secure a $11.3 million loan from DBR Investments Co. Limited to GIPDC 3707 14TH&nbsp;ST, LLLC and two of our other wholly-owned subsidiaries, GIPFL 1300 S DALE MABRY, LLC and GIPAL JV 15091 SW ALABAMA 20, LLC
(the &#147;DC/Tampa/Alabama Loan&#148;). The DC/Tampa/Alabama Loan matures in February 2030 and the loan agreement for this loan contains standard affirmative and negative covenants, including prohibitions on additional liens on the collateral,
financial reporting obligations and maintenance of insurance, as well as a covenant that the properties, securing the loan, maintain a debt service coverage ratio of not less than 1.25:1.00, measured quarterly. Mr. Sobelman has personally guaranteed
certain recourse obligations and liabilities with respect to the DC/Tampa/Alabama Loan. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On April&nbsp;4, 2018, we acquired through our wholly-owned Delaware subsidiary, GIPFL 1300 S. DALE MABRY, LLC, a
2,200 square foot single tenant retail stand-alone property located at 1300 South Dale Mabry Highway in Tampa, Florida (the &#147;Tampa Property&#148;) for approximately $3.6&nbsp;million in total consideration, with a corporate Starbucks Coffee as
a continuing tenant. The lease for the Tampa Property is a&nbsp;triple-net&nbsp;lease with an initial term of ten years, ending February&nbsp;29, 2028, with two options to extend the term of the lease for four additional five-year periods. The base
rent for years one through five of the lease term is $15,208.33 per month, increasing to $16,729.17 per month for years six through ten of the lease term. The lease includes a right of first offer in favor of Starbucks in the event we decide to sell
the Tampa Property to a third party purchaser. As described above, we have granted a first lien mortgage on the Tampa Property to secure the DC/Tampa/Alabama Loan and Mr.&nbsp;Sobelman has personally guaranteed certain recourse obligations and
liabilities with respect to the loan. Starbucks Corporation files annual reports on Form 10-K and quarterly reports on Form 10-Q with the SEC. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On December&nbsp;20, 2018, we acquired a 59,000 square foot single tenant industrial building located at 15091
Alabama Highway 20, in Huntsville, AL (the &#147;Alabama Property&#148;) for approximately $8.4&nbsp;million in total consideration, with Pratt&nbsp;&amp; Whitney Automation, Inc. as a continuing tenant. The fee owner of the Alabama Property is our
subsidiary GIPAL JV 15091 SW ALABAMA 20, LLC (the &#147;Alabama Subsidiary&#148;). The acquisition was funded in part by a capital contribution of approximately $2.2&nbsp;million to the Alabama Subsidiary by the holder of all of the outstanding
Class&nbsp;A Preferred membership units in the Alabama Subsidiary (the &#147;Alabama Preferred Member&#148;). We redeemed 100% of the Alabama Preferred Member&#146;s membership interests in the Alabama Subsidiary on December 18, 2019 for
approximately $2.4 million in cash, using existing cash and the proceeds from a $1.9 million secured non-convertible promissory note issued by the Operating Partnership to the Clearlake Preferred Member which is secured by all of the personal and
fixture property assets of the Operating Partnership. This note accrues interest at a 10% per annum rate, which is payable monthly to the Clearlake Preferred Member. The principal amount of the note will become due and payable on December 16, 2021.
On February&nbsp;11, 2020 we prepaid a portion of the outstanding principal of the $1.9 million note issued to the Clearlake Preferred Member. The remaining portion of the acquisition of the Alabama Property was funded with a $6.1 million mortgage
loan, that was refinanced in February 2020 using the proceeds of the DC/Tampa/Alabama Loan. As described above, we have granted a first lien mortgage on the Alabama Property to secure the DC/Tampa/Alabama Loan and Mr.&nbsp;Sobelman has personally
guaranteed certain recourse obligations and other liabilities with respect to the loan. The lease for the Alabama Property is a&nbsp;triple-net&nbsp;lease with an initial term of ten years, ending January&nbsp;31, 2029, provided Pratt&nbsp;&amp;
Whitney has the option to terminate the lease effective January&nbsp;31, 2024 upon not less than six months&#146; prior written notice. If Pratt&nbsp;&amp; Whitney elects to terminate the lease on January&nbsp;31, 2024, it is required to pay us a
termination payment of $493,612.70, to reimburse us for the unamortized portions of the tenant improvements and real estate leasing fees previously paid by us, and a termination fee. The monthly rent under the lease is $57,083 per month. United
Technologies Corporation, the parent company of Pratt and Whitney Corporation, files annual reports on Form 10-K and quarterly reports on Form 10-Q with the SEC. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On September&nbsp;11, 2019, we acquired an approximately&nbsp;15,000-square-foot,&nbsp;single tenant building
located at 1106 Clearlake Road, Cocoa, Florida (the &#147;Cocoa Property&#148;) for total consideration of approximately $4.5&nbsp;million, with Walgreen Co. as a continuing tenant (&#147;Walgreens&#148;). The acquisition was funded in part with
debt financing of approximately $3.4&nbsp;million and in part with a capital contribution of $1.2&nbsp;million to our Delaware operating subsidiary, GIPFL JV 1106 Clearlake Road, LLC (the &#147;Clearlake Subsidiary&#148;), by the holder of all of
the outstanding Class&nbsp;A Preferred membership units in the Clearlake Subsidiary (the &#147;Clearlake Preferred Member&#148;). The Clearlake Preferred Member will be paid a 10% annual preferred return on its capital contribution. The Clearlake
Preferred Member&#146;s interest in the Clearlake Subsidiary is a &#147;Redeemable&nbsp;Non-Controlling&nbsp;Interest&#148; because it is a non-controlling interest and is redeemable for cash or common units in the Operating Partnership at the
election of the Clearlake Preferred Member after 24 months. The $3.4&nbsp;million loan incurred in connection with the acquisition of the Cocoa Property is secured by a first priority mortgage on the Cocoa Property in favor of American Momentum Bank
(the &#147;Cocoa American Momentum Loan&#148;). The loan agreement for Cocoa American Momentum Loan contains standard affirmative and negative covenants, including prohibitions on additional liens on the collateral, financial reporting obligations
and maintenance of insurance, as well as a covenant that we maintain a minimum DSCR of not less than 1.1 to 1.0, measured annually. The loan agreement for the Cocoa American Momentum Loan also provides for a mandatory repayment in full twelve months
from the date Walgreens formally notifies us that it will cease operations at the Cocoa Property. The Cocoa American Momentum Loan matures September&nbsp;11, 2021, and Mr.&nbsp;Sobelman has personally guaranteed the repayment of up to fifty percent
of the outstanding principal due under the Cocoa American Momentum Loan. The Walgreens lease term expires on July&nbsp;31, 2068, provided Walgreens has the option to terminate the lease effective July&nbsp;31, 2028, July&nbsp;31, 2033, July&nbsp;31,
2038, July&nbsp;31, 2043, July&nbsp;31, 2048, July&nbsp;31, 2053, July&nbsp;31, 2058 and July&nbsp;31, 2063 upon at least six months prior written notice. The rent is fixed during the lease term and is equal to $26,123.35 per month. The lease
includes a right of first refusal in favor of Walgreens in the event we receive a bona fide offer to purchase the Cocoa Property during the term of the lease. Walgreens Boots Alliance, Inc. files annual reports on Form 10-K and quarterly reports on
Form 10-Q with the SEC. On June&nbsp;8, 2021, we entered into a purchase and sale agreement to sell our Cocoa, Florida property to a third party for $5.4&nbsp;million. The sale is subject to customary closing conditions, including a thirty day
inspection period for the purchaser to conduct due diligence on the property during which the purchaser may terminate the agreement for any reason without penalty. The closing is expected to occur on or before the sixtieth day following the
expiration of the diligence period. In connection with the pending sale of our Cocoa, Florida property, we are obligated to pay the Operating Partnership a cash acquisition fee equal to 1% of the sale price of the property upon the closing of the
transaction. We expect to repay the Cocoa American Momentum Loan with the proceeds of the sale of the Cocoa, Florida property in connection with the closing of the transaction and expect that the personal guarantee of Mr. Sobelman with respect to
this loan will be released at that time. See &#147;<I>Agreement to Sell Cocoa, Florida Property&#148; below. </I></P></TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On September&nbsp;30, 2019 we acquired through our wholly-owned Delaware subsidiary, GIPVA 2510 Walmer Ave, LLC,
an approximately 72,000 square foot&nbsp;two-tenant&nbsp;office building located at 2510 Walmer Avenue, Norfolk, Virginia (the &#147;Walmer Property&#148;) for total consideration of approximately $11.5&nbsp;million, with each of the General
Services Administration of the United States of America and Maersk Line, Limited (&#147;Maersk&#148;) as continuing tenants. The acquisition of the Walmer Property was funded by issuing 248,250 common units in the Operating Partnership, priced at
$20.00 per unit, for a total value of $4,965,000, plus an additional $822,000 in cash, and the assumption of approximately $6.0&nbsp;million of existing mortgage debt. The debt assumed in connection with the acquisition has been refinanced by a new
loan from Bayport Credit Union in the amount of approximately $8.3&nbsp;million (the &#147;Walmer Avenue Bayport Loan&#148;), and the refinancing resulted in approximately $1,206,000 of cash. The Walmer Avenue Bayport Loan matures on
September&nbsp;30, 2024 and Mr.&nbsp;Sobelman has provided a guaranty of the Borrower&#146;s nonrecourse carve out liabilities and obligations in favor of Bayport Credit Union. The loan agreement for the Walmer Avenue Bayport Loan contains standard
affirmative and negative covenants, including prohibitions on additional liens on the collateral, financial reporting obligations and maintenance of insurance, as well as a covenant that we maintain a minimum DSCR with respect to the Walmer Avenue
Property of not less than 1.25 to 1.0, measured annually on a trailing twelve month basis. In addition, the loan agreement requires that we also maintain a minimum DSCR of not less than 1.25 to 1.0 with respect to our Corporate Boulevard Property
described below, and a minimum DSCR across our entire portfolio of properties of not less than 1.0 to 1.0, in each case measured annually on a trailing twelve month basis. The lease with the United States of America at the Walmer Property (the
&#147;GSA Lease&#148;) has a term ending September 17, 2028 following the exercise of an option to extend the term of the lease for one five-year period. The annual rent payable under the GSA Lease is $882,476.30, payable monthly in arrears at the
rate of $73,539.69 per month, subject to annual adjustment for increases and decreases in real estate taxes and operating costs associated with the Walmer Property. The lease with Maersk at the Walmer Property (the &#147;Maersk Lease&#148;) has an
initial term of five years, commencing December&nbsp;19, 2016 and ending December&nbsp;1, 2021. The lease was amended in March 2021 which extended the lease through December&nbsp;31, 2022. Based on an amendment, Maersk has one option to extend the
term of the lease for one additional five-year period upon not less than six months written notice. The current base rent of the Maersk Lease is $31,299 per month, with the base rent increasing 3% on each anniversary of the commencement date during
the term. The Maersk Lease includes a right of first refusal in favor of Maersk to lease space in the Walmer Property that is contiguous to the Maersk leased space as such space becomes available to third parties. The Maersk Lease also contains an
expansion option in favor of Maersk to expand their leased premises into any available contiguous space at the Walmer Property. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On September&nbsp;30, 2019 we acquired through our wholly-owned Delaware subsidiary, GIPVA 130 Corporate Blvd,
LLC, an approximately 35,000 square foot single tenant office building located at 130 Corporate Boulevard, Norfolk, Virginia (the &#147;Corporate Boulevard Property&#148;), for total consideration of approximately $7.1&nbsp;million, with PRA
Holdings, Inc. as a continuing tenant. The acquisition was funded with the issuance of 101,663 common units in the Operating Partnership, priced at $20.00 per unit, for a total value of $2,033,250 plus an additional $100,000 in cash, and the
assumption of approximately $5.2&nbsp;million of mortgage debt with Bayport Credit Union (the &#147;Corporate Boulevard Bayport Loan&#148;). The Corporate Boulevard Bayport Loan matures on October&nbsp;23, 2024 and Mr.&nbsp;Sobelman has provided a
guaranty of the Borrower&#146;s nonrecourse carve out liabilities and obligations in favor of Bayport Credit Union. The loan agreement for the Corporate Boulevard Bayport Loan contains standard affirmative and negative covenants, including
prohibitions on additional liens on the collateral, financial reporting obligations and maintenance of insurance, as well as a covenant that we maintain a minimum DSCR with respect to the Corporate Boulevard Property of not less than 1.25 to 1.0,
measured annually on a trailing twelve month basis. In addition, the loan agreement requires that we also maintain a minimum DSCR of not less than 1.25 to 1.0 with respect to our Walmer Avenue Property, and a minimum DSCR across our entire portfolio
of properties of not less than 1.0 to 1.0, in each case measured annually on a trailing twelve month basis. The lease with PRA Holdings expires on August&nbsp;31, 2027, with one option to extend the term of the lease for one additional five year
period. PRA Holdings has a&nbsp;one-time&nbsp;option to terminate the lease effective August&nbsp;31, 2024 upon not less than 12 months prior notice and payment of a $236,372.77 termination fee. The current monthly rent is $60,101, increasing 3% per
annum each September if the Consumer Price Index is greater than 3% in any year, or increasing annually at 1.5% per annum if the Consumer Price Index is less than 3% in any year. The lease includes a right of first refusal in favor of PRA Holdings
to lease contiguous vacant available space in the Corporate Boulevard Property. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On November 30, 2020 we acquired through our wholly-owned Delaware subsidiary, GIPFL 508 S Howard Ave, LLC, an
approximately 3,500 square foot single-tenant retail building located at 508 S Howard Ave, Tampa, Florida (the &#147;Sherwin Williams Property&#148;), for total consideration of approximately $1.8 million, with The Sherwin-Williams Company as a
continuing tenant. The acquisition was funded with the issuance of 24,309 common units in the Operating Partnership, priced at $20.00 per unit, for a total value of $486,180 plus an additional $1,000 in cash, and the assumption of approximately $1.3
million of mortgage debt with Valley Bank (the &#147;Sherwin-Williams Loan&#148;). The Sherwin-Williams Loan matures on August 10, 2028 and Mr. Sobelman has provided a guaranty of the Borrower&#146;s recourse carve out liabilities and obligations in
favor of Valley Bank. The loan agreement for the Sherwin-Williams Loan contains standard affirmative and negative covenants, including prohibitions on additional liens on the collateral, financial reporting obligations and maintenance of insurance,
as well as a covenant that we maintain a minimum DSCR with respect to the Sherwin-Williams Property of not less than 1.20 to 1.0, measured annually on a trailing twelve month basis. The lease with Sherwin-Williams expires on July 31, 2028, with five
options to extend the term of the lease for one additional five year period with 10% increase in the base rent upon each extension. The current monthly rent is $10,062. The Sherwin-Williams Company files annual reports on Form 10-K and quarterly
reports on Form 10-Q with the SEC. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On February 4, 2021, we acquired through our wholly-owned Delaware subsidiary, GIPNC 201B Etherridge Road, LLC,
an approximately 7,500-square-foot free-standing condominium located at 201B Etheridge Road, Unit 7100 Manteo, North Carolina (the &#147;GSA &#150; Manteo Property&#148;) with the General Service Administration of the United States of America as
continuing tenant. The acquisition was funded in part with debt financing of approximately $1.3 million and in part with a capital contribution of $0.5 million to our Delaware operating subsidiary, GIPFL JV 1106 Clearlake Road, LLC (the &#147;Manteo
NC Subsidiary&#148;), by the holder of all of the outstanding Class A Preferred membership units in the Manteo NC Subsidiary (the &#147;Manteo NC Preferred Member&#148;). The Manteo NC Preferred Member is also the Clearlake Preferred Member
described throughout this registration statement. The Manteo NC Preferred Member will be paid a 9% annual preferred return on its capital contribution. The Manteo NC Preferred Member&#146;s interest in the Manteo NC Subsidiary is a &#147;Redeemable
Non-Controlling Interest&#148; because it is a non-controlling interest and is redeemable for cash or common units in the Operating Partnership at the election of the Manteo NC Preferred Member after 24 months. The $1.3 million loan incurred in
connection with the acquisition of the GSA &#150; Manteo Property is secured by a first priority mortgage on the GSA &#150; Manteo Property in favor of American Momentum Bank (the &#147;Manteo American Momentum Loan&#148;). The loan agreement for
Manteo American Momentum Loan contains standard affirmative and negative covenants, including prohibitions on additional liens on the collateral, financial reporting obligations and maintenance of insurance, as well as a covenant that we maintain a
minimum DSCR of not less than 1.3 to 1.0, measured annually. The loan agreement for the Manteo NC American Momentum Loan also provides for a mandatory repayment in full twelve months from the date GSA formally notifies us that it will cease
operations at the Manteo NC Property. The Manteo GSA American Momentum Loan matures on February 6, 2023. The GSA Manteo lease term expires on February 20, 2029. The base rent for years one through five of the lease term is $7,607.84&nbsp;per month,
increasing to $8,278.56 per month for years six through ten of the lease term. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On April 21, 2021, we acquired a single tenant office building (7,800 square feet) located at 702 Tillman Road,
Plant City, FL that is leased to Irby Construction Company, a wholly owned subsidiary of Quanta Services Inc., for approximately $1.7 million. The acquisition was funded with a Redeemable Non-Controlling Interest contribution to one of our
subsidiaries of $0.9 million and by debt financing of approximately $0.9 million, which is guaranteed by our CEO. The lease for the Plant City property is a triple-net lease with an initial term of five years, ending December&nbsp;31, 2024, with two
options to extend the term of the lease for two additional five-year periods. The base rent for the first year of the lease term is approximately $12,350 per month, increasing starting year two based on the Consumer Products Index. We have granted a
first lien mortgage in the amount of $0.9 million on the Plant City Property. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On August 12, 2021, we acquired a single tenant retail building (15,300 square feet) leased to La-Z-Boy Company,
and located at 525&nbsp;South Perryville Road Rockford, IL for approximately $4.5&nbsp;million with Tenants in Common ownership partner Sunny Ridge MHP,&nbsp;LLC. The acquisition was funded with a Redeemable Non-Controlling Interest contribution
from Richard Hornstrom to one of our subsidiaries of $0.65&nbsp;million, Tenants in Common ownership from Sunny Ridge MHP, LLC (&#147;Sunny Ridge&#148;) of $1.2&nbsp;million and debt financing of approximately $2.7&nbsp;million. Mr. Hornstrom owns
50% of Sunny Ridge and contributed $600,000 of the $950,000 Redeemable Non-Controlling Interest contribution for the Plant City, FL property. The $2.7 million loan incurred in connection with the acquisition of the property is secured by a first
priority mortgage, contains standard affirmative and negative covenants, including requiring DSCR of 1.5:1.0 beginning as of December&nbsp;31, 2021, and matures in August 2023. In connection with the loan, Mr. Sobelman provided a guaranty of the
borrower&#146;s recourse carve out liabilities and obligations in favor of American Momentum Bank. The lease with La-Z-Boy Company is a triple-net lease and has an initial term of ten years, ending October&nbsp;31, 2027, with four options to extend
the term of the lease for four additional five-year periods. The base rent is currently approximately $29,900 per month and increases during years six through ten and during any renewal terms. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Agreement to Sell Cocoa, Florida Property </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On June 8,
2021, we entered into a purchase and sale agreement to sell our Cocoa, Florida property to a third party for $5.4 million. The sale is subject to customary closing conditions, including a thirty day inspection period for the purchaser to conduct due
diligence on the property during which the purchaser may terminate the agreement for any reason without penalty. The closing is expected to occur the week of August 30, 2021, but there is no assurance that the closing will occur. In the event we
complete the sale of the Cocoa, Florida property, the following would be the characteristics of the nine remaining properties: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Approximately 71% of our portfolio&#146;s annualized base rent as of August 13, 2021 would be derived from
tenants that have (or whose parent company has) an investment grade credit rating from a recognized credit rating agency of &#147;BBB-&#148; or better. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Our portfolio would continue to be 100% leased and occupied. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Approximately 77% of the leases in the current portfolio (based on annualized base rent as of August 13, 2021)
provide for increases in contractual base rent during future years of the current term or during the lease extension periods. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The average effective annual rental per square foot would be $18.34 as of August 13, 2021. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The total rentable square feet would be 205,444 as of August 13, 2021, and annualized base rent would be
approximately $3,767,000 as of August 13, 2021. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The leases in our portfolio would have a weighted-average remaining lease term of 6.1 years as of August 13,
2021. </P></TD></TR></TABLE>  <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COVID-19 Update </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To date our business has not been significantly impacted by the COVID-19 pandemic. While several of our national tenants have publicly reported financial
challenges they have suffered because of the COVID-19 pandemic, none of our tenants have requested rent abatements or reductions from us. One of our national tenants informed all of its landlords in May about the financial challenges it was
suffering and referenced concessions to lease terms and base rent it would request. However, to date that tenant has not requested any concessions from us. While obtaining financing during the COVID-19 pandemic has been challenging, we are beginning
to see more lenders enter into new financings for projects like ours. The impact of the COVID-19 pandemic on our business is still uncertain and will be largely dependent on future developments. Please see &#147;Risk Factors&#148; beginning on page
16 for further information. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Potential Acquisition Pipeline </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have a network of long-standing relationships with real estate developers, individual and institutional real estate owners, national and regional lenders,
brokers, tenants and other market participants. We believe this network will provide us with market intelligence and access to a potential pipeline of attractive acquisition opportunities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are continually engaging in internal research as well as informal discussions with various parties regarding our potential interest in potential
acquisitions that fell within our target market. As of the date of this prospectus, however, we are not a party to any binding agreement to purchase any additional properties. There is no assurance that any currently available properties will remain
available, or that we will pursue or complete any of these potential acquisitions, at prices acceptable to us or at all, following this offering. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">51 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Property and Asset Management Agreements </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We had previously engaged 3 Properties, a business managed by our President and Chief Executive Officer, to provide asset management services for certain of
our properties. These agreements were terminated effective August&nbsp;31, 2020. We now manage these properties in-house, except for our Norfolk, Virginia properties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have engaged Colliers International Asset Services to provide property management services to our two properties in Norfolk, Virginia. The agreements
provide for us to pay Colliers International Asset Services a management fee equal to 2.5% of the gross collected rent of each of the two properties (inclusive of tenant expense reimbursements) as well as a construction supervision fee for any
approved construction. The agreements are for a term of one year and automatically renew on a month-to-month basis thereafter. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">52 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operation through Our Operating Partnership </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are the sole general partner of Generation Income Properties, L.P., our Operating Partnership, which is the subsidiary through which we conduct
substantially all of our operations. Through its own subsidiaries, the Operating Partnership owns all of our properties, as shown below: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following
chart shows the structure of the Company as of August&nbsp;10, 2021: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g845232g36f65.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Brown Family Enterprises, LLC owns a redeemable limited liability company interest in GIPFL JV 1106 Clearlake
Road, LLC and a redeemable limited liability company interest in GIPNC 201 Etheridge Road, LLC. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">GIP Fund I, LLC was a private fund controlled by David Sobelman, our President and Chief Executive Officer,
from which we acquired a property in November 2020. Following our acquisition of the property, GIP Fund I was liquidated, and following such liquidation, Mr. Sobelman became the direct owner of an approximately 0.272% interest in GIP LP.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Stephen Brown and Richard Hornstrom each own a redeemable limited liability company interest in GIPFL 702
Tillman Place, LLC. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Richard Hornstrom owns a redeemable limited liability company interest in GIPIL 525 S Perryville Rd, LLC.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">See &#147;Our Operating Partnership and the Partnership Agreement&#148; for more information. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Market </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">According to Real Capital
Analytics and Colliers International U.S. Research Report &#147;Single Tenant Net Lease Retail H2 2018&#148; report, the dollar volume of single tenant net lease (STNL) retail property transactions fell 10.6% in 2018 versus 2017, while the number of
transactions declined 2.6% year over year. After peaking in 2015, the transaction volume has declined to below 2013 levels indicating additional opportunities will begin to arise in coming years. This decrease followed a dramatic increase in
transaction volume from 2009 through 2014, during which period attractive financing was widely available and industry fundamentals were generally favorable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">53 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that a number of factors, including debt defaults, maturity defaults and lack of available
financing and under-capitalized owners, described above, will increase pressure on certain net lease owners to sell properties at prices that we believe are attractive and that transaction volumes will continue to decrease over the next several
years. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g845232page055.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Real Capital Analytics and Colliers International U.S. Research Report &#147;Single Tenant Net Lease Retail H2 2018&#148;
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">54 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Competition </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The net lease industry is highly competitive. We compete to acquire properties with other investors, including traded and non-traded public REITs, private
equity investors and institutional investment funds, many of which have greater financial resources than we do, a greater ability to borrow funds to acquire properties and the ability to accept more risk than we can prudently manage. This
competition increases the demand for the types of properties in which we wish to invest and, therefore, reduces the number of suitable acquisition opportunities available to us and increases the prices paid for such acquisition. This competition
will increase if investments in real estate become more attractive relative to other forms of investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As a landlord, we will compete for tenants in
the multi-billion dollar commercial real estate market with numerous developers and owners of properties, many of which own properties similar to ours in the same markets in which our properties are located. Many of our competitors will have greater
economies of scale, have access to more resources and have greater name recognition than we do. If our competitors offer space at rental rates below current market rates or below the rental rates we charge our tenants, we may lose our tenants or
prospective tenants and we may be pressured to reduce our rental rates or to offer substantial rent abatements, tenant improvement allowances, early termination rights or below-market renewal options in order to retain tenants when our leases
expire. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Employees </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of August 23, 2021, we had
one part-time employee and three full time employees, including David Sobelman, who serves as our Chief Executive Officer, President and Secretary, and Richard Russell who serves as our part-time Chief Financial Officer and Treasurer. We plan to use
consultants, attorneys, and accountants, as necessary. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Environmental Matters </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To control costs, we intend to limit our investments to properties that are environmentally compliant or that do not require extensive remediation upon
acquisition. To do this, we intend to conduct assessments of properties before we decide to acquire them. These assessments, however, may not reveal all environmental hazards. In certain instances we will rely upon the experience of our management
and we expect that in most cases we will request, but will not always obtain, a representation from the seller that, to its knowledge, the property is not contaminated with hazardous materials. Additionally, we seek to ensure that many of our leases
will contain clauses that require a tenant to reimburse and indemnify us for any environmental contamination occurring at the property. We do not intend to purchase any properties that have known environmental deficiencies that cannot be remediated.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Federal, state and local environmental laws and regulations regulate, and impose liability for, releases of hazardous or toxic substances into the
environment. Under various of these laws and regulations, a current or previous owner, operator or tenant of real estate may be required to investigate and clean up hazardous or toxic substances, hazardous wastes or petroleum product releases or
threats of releases at the property, and may be held liable to a government entity or to third parties for property damage and for investigation, cleanup and monitoring costs incurred by those parties in connection with the actual or threatened
contamination. These laws typically impose cleanup responsibility and liability without regard to fault, or whether or not the owner, operator or tenant knew of or caused the presence of the contamination. The liability under these laws may be joint
and several for the full amount of the investigation, cleanup and monitoring costs incurred or to be incurred or actions to be undertaken, although a party held jointly and severally liable may seek to obtain contributions from other identified,
solvent, responsible parties of their fair share toward these costs. In addition, under the environmental laws, courts and government agencies have the authority to require that a person or company who sent waste to a waste disposal facility, such
as a landfill or an incinerator, must pay for the cleanup of that facility if it becomes contaminated and threatens human health or the environment. Any of these cleanup costs may be substantial, and can exceed the value of the property. The
presence of contamination, or the failure to properly remediate contamination, on a property may adversely affect the ability of the owner, operator or tenant to sell or rent that property or to borrow using the property as collateral, and may
adversely impact our investment in that property. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Furthermore, various court decisions have established that third parties may recover damages for injury
caused by property contamination. For instance, a person exposed to asbestos while occupying a net lease may seek to recover damages if he or she suffers injury from the asbestos. Lastly, some of these environmental laws restrict the use of a
property or place conditions on various activities. An example would be laws that require a business using chemicals (such as swimming pool chemicals at a net lease property) to manage them carefully and to notify local officials that the chemicals
are being used. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We could be responsible for any of the costs discussed above. The costs to clean up a contaminated property, to defend against a claim,
or to comply with environmental laws could be material and could adversely affect the funds available for distribution to our shareholders. Prior to any acquisition of property, we will seek to obtain environmental site assessments to identify any
environmental concerns at the property. However, these environmental site assessments may not reveal all environmental costs that might have a harmed our business, assets, results of operations or liquidity and may not identify all potential
environmental liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As a result, we may become subject to material environmental liabilities of which we are unaware. We can make no assurances
that (1)&nbsp;future laws or regulations will not impose material environmental liabilities on us, or (2)&nbsp;the environmental condition of our net lease properties will not be affected by the condition of the properties in the vicinity of our net
lease properties (such as the presence of leaking underground storage tanks) or by third parties unrelated to us. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">55 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Insurance </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We require our tenants to maintain liability and property insurance coverage for the properties they lease from us pursuant to net leases. Pursuant to the
leases, our tenants may be required to name us (and any of our lenders that have a mortgage on the property leased by the tenant) as additional insureds on their liability policies and additional named insured and/or loss payee (or mortgagee, in the
case of our lenders) on their property policies. All tenants are required to maintain casualty coverage. Depending on the location of the property, losses of a catastrophic nature, such as those caused by earthquakes and floods, may be covered by
insurance policies that are held by our tenants with limitations such as large deductibles or <FONT STYLE="white-space:nowrap">co-payments</FONT> that a tenant may not be able to meet. In addition, losses of a catastrophic nature, such as those
caused by wind/hail, hurricanes, terrorism or acts of war, may be uninsurable or not economically insurable. In the event there is damage to any of our properties that is not covered by insurance and such properties are subject to recourse
indebtedness, we will continue to be liable for any indebtedness, even if these properties are irreparably damaged. In addition to being a named insured on our tenants&#146; liability policies, we intend to separately maintain commercial general
liability coverage with an aggregate limit of $2,000,000. We also intend to maintain full property coverage on all untenanted properties and any other property coverage required by any of our lenders that is not required to be carried by our tenants
under our leases. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_9"></A>JUMPSTART OUR BUSINESS STARTUPS ACT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In April 2012, the Jumpstart Our Business Startups Act (&#147;JOBS Act&#148;) was enacted into law. The JOBS Act provides, among other things, exemptions for
emerging growth companies from certain financial disclosure and governance requirements for up to five years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In general, under the JOBS Act a company is
an emerging growth company if its initial public offering (&#147;IPO&#148;) of common equity securities was effected after December&nbsp;8, 2011 and the company had less than $1.07&nbsp;billion of total annual gross revenues during its last
completed fiscal year. We currently qualify as an emerging growth company, but will no longer qualify after the earliest of: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the last day of the fiscal year during which we have annual total gross revenues of $1.07&nbsp;billion or more;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the last day of the fiscal year following the fifth anniversary of the first sale of our common equity securities
in an offering registered under the Securities Act; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date on which we issue more than $1&nbsp;billion in <FONT STYLE="white-space:nowrap">non-convertible</FONT>
debt securities during a previous three-year period; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date on which we become a large accelerated filer, which generally is a company with a public float of at
least $700&nbsp;million (Exchange Act Rule <FONT STYLE="white-space:nowrap">12b-2).</FONT> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As an emerging growth company, we are
eligible to include audited financial statements required for only two fiscal years and limited executive compensation information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the
relief for emerging growth companies under the JOBS Act, our independent registered public accounting firm is not required to file an attestation report on our internal controls over financial reporting and is exempt from the mandatory auditor
rotation rules. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, Section&nbsp;102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised
financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with
the new or revised financial accounting standard. The decision by companies to &#147;opt out&#148; of the extended transition period for complying with new or revised accounting standards is irrevocable. We are not electing to opt out of the JOBS
Act extended accounting transition period. We intend to take advantage of the extended transition period provided under the JOBS Act for complying with new or revised accounting standards. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To the extent we take advantage of the reduced disclosure requirements afforded by the JOBS Act, investors may be less likely to invest in us or may view our
shares as a riskier investment than a similarly situated company that does not take advantage of these provisions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">56 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_10"></A>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OPERATIONS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>You
should read the following discussion in conjunction with the sections of this prospectus entitled &#147;Risk Factors,&#148; &#147;Statements Regarding Forward-Looking Information,&#148; and &#147;Our Business.&#148; This discussion contains
forward-looking statements reflecting current expectations that involve risks and uncertainties. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors,
including those discussed in the section entitled &#147;Risk Factors&#148; and elsewhere in this prospectus. </I></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Overview </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are an internally managed, Maryland corporation focused on acquiring retail, office and industrial real estate located in major U.S.&nbsp;markets. We
initiated operations during the year ended December&nbsp;31, 2015 and we intend to elect to be taxed as a REIT for federal income tax purposes commencing with our taxable year ending December 31, 2021. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">57 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Our Investments </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following are characteristics of our properties as of June&nbsp;30, 2021: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Creditworthy Tenants</I>. Approximately 80% of our portfolio&#146;s annualized rent as of June&nbsp;30, 2021
was derived from tenants that have (or whose parent company has) an investment grade credit rating from a recognized credit rating agency of &#147;BBB-&#148; or better. Our largest tenants are the General Service Administration, PRA Group and
Pratt&nbsp;&amp; Whitney, all who have an &#145;BB+&#146; credit rating or better from S&amp;P Global Ratings and contributed approximately 61.5% of our portfolio&#146;s annualized base rent as of June&nbsp;30, 2021. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>100% Occupied</I>. Our portfolio is 100% leased and occupied. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">58 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Contractual Rent Growth</I>. Approximately 68% of the leases in our current portfolio (based on annualized
rent as of June&nbsp;30, 2021) provide for increases in contractual base rent during future years of the current term or during the lease extension periods. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Average Effective Annual Rental per Square Foot</I>. Average effective annual rental per square foot is
$18.12. We generally depreciate all properties on a straight-line basis over a 30 &#150; 50 year period. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Given the nature of our
leases, our tenants either pay the realty taxes directly or reimburse us for such costs. We believe all of our properties are adequately covered by insurance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of August 13, 2021, we have acquired ten assets: </P>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant retail condo (3,000 square feet) located at 3707-3711 14<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> Street, NW, Washington, D.C., purchased in June 2017 for approximately $2.6&nbsp;million including fees, costs and other expenses that is leased to <FONT STYLE="white-space:nowrap">7-Eleven</FONT>
Corporation. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant retail stand-alone property (2,200 square feet) located at 1300 South Dale Mabry Highway in
Tampa, Florida purchased in April 2018 for approximately $3.6&nbsp;million with a corporate Starbucks Coffee as the tenant. The building was purchased with debt financing of $3.7&nbsp;million, which was subsequently refinanced by a new mortgage loan
in the amount of $11.3&nbsp;million secured by this building, our Washington D.C. property described above and our Huntsville, Alabama property described below. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant industrial building (59,000 square feet) located at 15091 Alabama Highway 20, in Huntsville, AL
purchased for $8.4&nbsp;million in December 2018 that is leased to the Pratt&nbsp;&amp; Whitney Automation, Inc. The acquisition of the building was funded by debt financing of $6.1&nbsp;million and preferred equity in one of our subsidiaries of
$2.2&nbsp;million. The debt incurred in connection with the acquisition of this building was subsequently refinanced by a new mortgage loan in the amount of $11.3&nbsp;million described below and we redeemed the preferred equity interest in full on
December&nbsp;18, 2019. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">An approximately <FONT STYLE="white-space:nowrap">15,000-square-foot,</FONT> single tenant Walgreens in Cocoa,
Florida purchased in September 2019 for total consideration of approximately $4.5&nbsp;million. The acquisition was funded with a Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interest contribution to one of our subsidiaries of
$1.2&nbsp;million and by debt financing of approximately $3.4&nbsp;million. On June&nbsp;8, 2021, we entered into a purchase and sale agreement to sell the property to a third party for $5.4 million. The sale is subject to customary closing
conditions, including a thirty day inspection period for the purchaser to conduct due diligence on the property during which the purchaser may terminate the agreement for any reason without penalty. The closing is expected to occur on or before the
sixtieth day following the expiration of the diligence period. In connection with the pending sale of our Cocoa, Florida property, we are obligated to pay the Operating Partnership a cash acquisition fee equal to 1% of the sale price of the property
upon the closing of the transaction. See &#147;<I>Agreement to Sell Cocoa, Florida Property</I>&#148; below. </P></TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A <FONT STYLE="white-space:nowrap">two-tenant</FONT> office building (72,000 square feet) in Norfolk, Virginia
acquired in September 2019 for total consideration of approximately $11.5&nbsp;million and occupied by the United States General Services Administration and Maersk Line, Limited, an international shipping company, as tenants. The acquisition of the
building was funded by issuing 248,250 common units in our Operating Partnership, priced at $20.00 per unit, for a total value of $4,965,000 plus an additional $822,000 in cash, and the assumption of approximately $6.0&nbsp;million of existing
mortgage debt which was subsequently refinanced with a new $8.3&nbsp;million mortgage loan. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant office building (35,000 square feet) in Norfolk, Virginia acquired in September 2019 for
approximately $7.1&nbsp;million that is leased to PRA Holdings Inc. This acquisition was funded with the issuance of 101,663 common units in our Operating Partnership, priced at $20.00 per unit, for a total value of $2,033,250 plus an additional
$100,000 in cash, and the assumption of approximately $5.2&nbsp;million of existing mortgage debt. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant retail building (3,500 square feet) leased to The Sherwin-Williams Company and located at 508 S.
Howard Ave in Tampa, FL acquired in November 2020 for total consideration of approximately $1.8 million. The acquisition was funded by issuing approximately 24,309 common units in our Operating Partnership, priced at $20.00 per unit, for a total
value of $486,180 and the assumption of approximately $1.3 million of existing mortgage debt which is guaranteed by our CEO. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant office building (7,500 square feet) leased to the General Services Administration and located at
201 Etheridge Road, Manteo, NC acquired in February 2021 for approximately $1.7 million. The acquisition was funded with a Redeemable Non-Controlling Interest contribution to one of our subsidiaries of $0.5 million and by debt financing of
approximately $1.3 million. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant office building (7,800 square feet) leased to Irby Construction Company, a wholly owned
subsidiary of Quanta Services&nbsp;Inc. and located at 702 Tillman Road, Plant City, FL acquired in April 2021 for approximately $1.7 million. The acquisition was funded with a Redeemable Non-Controlling Interest contribution to one of our
subsidiaries of $0.9 million and by debt financing of approximately $0.9 million, which is guaranteed by our CEO. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single tenant retail building (15,300 square feet) leased to La-Z-Boy Company, and located at 525 South
Perryville Road Rockford, IL acquired in August 2021 for approximately $4.5 million with Tenants in Common ownership partner Sunny Ridge MHP, LLC. The acquisition was funded with a Redeemable Non-Controlling Interest contribution from Richard
Hornstrom to one of our subsidiaries of $0.65 million, Tenants in Common ownership from Sunny Ridge MHP, LLC (&#147;Sunny Ridge&#148;) of $1.2 million and debt financing of approximately $2.7 million. Mr. Hornstrom owns 50% of Sunny Ridge and
contributed $600,000 of the $950,000 Redeemable Non-Controlling Interest contribution for the Plant City, FL property. </P></TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Agreement
to Sell Cocoa, Florida Property </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On June 8, 2021, we entered into a purchase and sale agreement to sell our Cocoa, Florida property to a third party
for $5.4 million. The sale is subject to customary closing conditions, including a thirty day inspection period for the purchaser to conduct due diligence on the property during which the purchaser may terminate the agreement for any reason without
penalty. The closing is expected to occur the week of August 30, 2021, but there is no assurance that the closing will occur. In the event we complete the sale of the Cocoa, Florida property, the following would be the characteristics of the nine
remaining properties: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Approximately 71% of our portfolio&#146;s annualized base rent as of August 13, 2021 would be derived from
tenants that have (or whose parent company has) an investment grade credit rating from a recognized credit rating agency of &#147;BBB-&#148; or better. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Our portfolio would continue to be 100% leased and occupied. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Approximately 77% of the leases in the current portfolio (based on annualized base rent as of August 13, 2021)
provide for increases in contractual base rent during future years of the current term or during the lease extension periods. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The average effective annual rental per square foot would be $18.34 as of August 13, 2021. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The total rentable square feet would be 205,444 as of August 13, 2021, and annualized base rent would be
approximately $3,767,000 as of August 13, 2021. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The leases in our portfolio would have a weighted-average remaining lease term of 6.1 years as of August 13,
2021. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">59 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The table below presents an overview of the ten properties in our portfolio as of August&nbsp;13, 2021,
unless otherwise indicated: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="23%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Property</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Type</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Property</B><br><B>Location</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rentable</B><br><B>Square</B><br><B>Feet </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tenant(s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>S&amp;P</B><br><B>Credit</B><br><B>Rating</B><br><B>(1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Lease</B><br><B>Expiration</B><br><B>Date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Remaining</B><br><B>Term</B><br><B>(Years)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Options</B><br><B>(Number</B><br><B>x&nbsp;Years)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tenant</B><br><B>Contractual</B><br><B>Rent</B><br><B>Escalations</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Annualized</B><br><B>Base&nbsp;Rent</B><br><B>(2) </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Annualized</B><br><B>Base&nbsp;Rent</B><br><B>Sq.&nbsp;Ft.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Base&nbsp;Rent</B><br><B>as&nbsp;a&nbsp;%&nbsp;of</B><br><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Washington,<BR>DC</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">7-Eleven<BR>Corporation</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">A</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3/31/2026</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2&nbsp;x&nbsp;5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$129,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$43.27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Tampa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Starbucks</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2/29/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$182,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$82.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Huntsville,<BR>AL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">59,091</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Pratt&nbsp;&amp;&nbsp;Whitney<BR>Automation, Inc.</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">A-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1/31/2029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$684,996</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$11.59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Cocoa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">15,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Walgreen&nbsp;Co.&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">7/31/2028&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">8 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">No</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$313,480</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$20.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Norfolk,<BR>VA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">49,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR><BR><BR><BR></TD>
<TD VALIGN="bottom" ALIGN="center">General Services<BR>Administration<BR>of the United<BR>States of<BR>America and</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">AA+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9/17/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">No</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$882,476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$17.68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Norfolk,<BR>VA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">22,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Maersk Line,<BR>Limited</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/31/2022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$375,588</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$16.88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Norfolk,<BR>VA</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">34,847</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">PRA Holdings,<BR>Inc. (4)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BB+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">8/31/2027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$721,214</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$20.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Tampa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Sherwin-<BR>Williams</TD>
<TD NOWRAP VALIGN="bottom"><BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7/31/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">5 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$120,750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$34.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Manteo, NC</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7,543</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">General Services<BR>Administration</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">AA+</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2/20/2029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$161,346</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$21.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Office</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Tampa, FL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7,826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Irby&nbsp;Construction<BR>Company</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">BBB-</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/31/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$148,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$18.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">Rockford,<BR>IL</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">15,288</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="center">La-Z-Boy<BR>Corporation</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">NR</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10/31/2027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">6.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4 x 5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Yes</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$360,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$23.55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>220,564</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,080,454</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>  <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Tenant, or tenant parent, rated entity. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Annualized cash rental income in place as of June&nbsp;30, 2021. Our leases do not include tenant concessions
or abatements. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">This lease runs through July 31, 2068. However, the Tenant has the right to terminate on the following dates:
July&nbsp;31, 2028, July&nbsp;31, 2033, July&nbsp;31, 2038, July&nbsp;31, 2043, July&nbsp;31, 2048, July&nbsp;31, 2053, July&nbsp;31, 2058 and July&nbsp;31, 2063. We estimate Tenant will stay at least through December&nbsp;31, 2029. On June 8, 2021,
we entered into a purchase and sale agreement to sell our Cocoa, Florida property to a third party for $5.4 million. The sale is subject to customary closing conditions, including a thirty day inspection period for the purchaser to conduct due
diligence on the property during which the purchaser may terminate the agreement for any reason without penalty. The closing is expected to occur on or before the sixtieth day following the expiration of the diligence period. See &#147;<I>Agreement
to Sell Cocoa, Florida Property</I>&#148; above. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Tenant has the right to terminate the lease on August 31, 2024 subject to certain conditions.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">60 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Distributions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">From inception through the date of this prospectus, we have distributed approximately $853,000 to common stockholders. In addition, on August 26, 2021, we
announced that our Board of Directors authorized a $0.325 per share quarterly cash distribution for shareholders of record of our common stock as of August 31, 2021. This distribution is expected to be paid on or about September&nbsp;15, 2021.
Because we have not yet generated a profit, distributions have been made from offering proceeds. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Results of Operations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On February&nbsp;29, 2016, our initial offering was qualified by the SEC and subsequently the Company has spent the majority of its efforts on fundraising
operations and implementing our business plan including by acquiring properties. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Six Months Ended June&nbsp;30, 2021 Compared to the Six Months
Ended June&nbsp;30, 2020 </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Revenue </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended June&nbsp;30, 2021, total revenue from operations were $1,925&nbsp;thousand as
compared to $1,758&nbsp;thousand for the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended June&nbsp;30, 2020. Revenue increased approximately $167&nbsp;thousand due to three additional properties generating revenue for the <FONT
STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021 that were purchased in November 2020, February 2021 and April 2021. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Operating
Expenses </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT STYLE="white-space:nowrap">six-month</FONT> periods ended June&nbsp;30, 2021 and 2020, we incurred total expenses of
$2,564&nbsp;thousand and $2,352&nbsp;thousand, respectively which included total general, administrative and organizational (&#147;GAO&#148;) of $540&nbsp;thousand for 2021 and $397&nbsp;thousand for 2020. The $143&nbsp;thousand increase in GAO
expenses is due to, increased stock compensation of approximately $53&nbsp;thousand, professional fees of $38&nbsp;thousand, insurance of $29&nbsp;thousand, rent expense of $15&nbsp;thousand and other costs increasing $29&nbsp;thousand offset in
part by a decrease in audit and legal fees of approximately $16&nbsp;thousand, and $7&nbsp;thousand of other expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT
STYLE="white-space:nowrap">six-month</FONT> periods ended June&nbsp;30, 2021 and 2020, we incurred building expenses of $344&nbsp;thousand and $356&nbsp;thousand, respectively. The $12&nbsp;thousand decrease is primarily due to reduced maintenance
costs of $7&nbsp;thousand, lower property asset management fees of $17&nbsp;thousand and other costs of $11&nbsp;thousand offset in part by increased property insurance expense of $23&nbsp;thousand. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT STYLE="white-space:nowrap">six-month</FONT> periods ended June&nbsp;30, 2021 and 2020, we incurred depreciation and amortization expense of
$777&nbsp;thousand and $720&nbsp;thousand, respectively. The $57&nbsp;thousand increase is due to the three additional properties acquired since November 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT STYLE="white-space:nowrap">six-month</FONT> periods ended June&nbsp;30, 2021 and 2020, we incurred interest expense and the amortization of
debt issuance costs of $692&nbsp;thousand and $726&nbsp;thousand respectively. The $34&nbsp;thousand decrease in interest expense incurred is the result of $3.4&nbsp;million of loans in which the interest rates change based on 30 day LIBOR and due
to the interest rate reduction for the $8 million loan and the $5 million loan from 4.25% to 3.50% in March 2021. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT
STYLE="white-space:nowrap">six-month</FONT> periods ended June&nbsp;30, 2021 and 2020, we incurred compensation costs of $211&nbsp;thousand and $153&nbsp;thousand respectively. The $58&nbsp;thousand increase is reflective of additional personnel
hires and their related compensation for the <FONT STYLE="white-space:nowrap">six-month</FONT> period in 2021. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Income Tax Benefit </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We did not record an income tax benefit for the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021 or 2020 because we have been in a
net loss situation since inception and have recorded a valuation allowance to offset any tax benefits generated by the operating losses. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Net Loss
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT STYLE="white-space:nowrap">six-month</FONT> periods ended June&nbsp;30, 2021 and 2020, we generated a net loss of $639&nbsp;thousand
and $594&nbsp;thousand, respectively. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Net Income Attributable to <FONT STYLE="white-space:nowrap">Non-controlling</FONT> Interests </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended June&nbsp;30, 2021, we generated net income attributable to <FONT
STYLE="white-space:nowrap">non-controlling</FONT> interest of $210&nbsp;thousand as compared to $183&nbsp;thousand for the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended June&nbsp;30, 2020. The variance is attributable to the
increase in distributions provided to the additional redeemable <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests that were used to finance the acquisition of properties in 2021. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Net Loss Attributable to Shareholders </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT
STYLE="white-space:nowrap">six-month</FONT> periods ended June&nbsp;30, 2021 and 2020, we generated a net loss attributable to our shareholders of $849&nbsp;thousand and $777&nbsp;thousand, respectively. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Year Ended December 31, 2020 Compared to the Year Ended December 31, 2019 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Revenue </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the years ended December 31, 2020 and
2019, we generated rental revenue of $3.5 million and $1.7 million, respectively. The increase in rental revenue is due to the Company owning six properties for 12 months in 2020 and one additional property for one month in 2020, versus owning three
properties for 12 months in 2019 and an additional three properties for 6 months in 2019. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operating Expenses </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the twelve months ended December 31, 2020 and 2019, we incurred general, administrative and organizational expenses of $919 thousand and $937 thousand,
respectively, which included professional fees, marketing expenses and other costs associated with running our business. The $18 thousand decrease in expenses is due in part to a $220 thousand decrease in a non-cash expense (issuance of 15,299
shares to a financial advisor) for consulting services in the prior year and an $81 thousand decrease in legal fees as the result of lower costs associated with applying to be quoted on the OTCQB Venture Market offset in part by increased accounting
and auditing fees of $163 thousand, and insurance costs of $77 thousand and a $43 thousand increase of other expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the twelve months ended
December 31, 2020 and 2019, we incurred building expenses of $711 thousand and $266 thousand, respectively. The increase is due to the additional properties which were owned for a full twelve months in 2020 versus only three months in 2019. The
majority of these expenses are reimbursed by the tenant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the twelve months ended December 31, 2020 and 2019, we incurred depreciation and
amortization expense of $1.5 million and $666 thousand, respectively. For the twelve months ended December 31, 2020 and 2019, we incurred interest expense of $1.4 million and $683 thousand, respectively. The increase in depreciation and interest
expense is due to twelve months of activity for three properties acquired during 2019 and only 3 months of such expenses in 2019 for those three properties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the twelve months ended December 31, 2019, we agreed to pay an $85,000 settlement to a developer to terminate an agreement which had allowed for the
opportunity to develop single-tenant, net lease buildings throughout the U.S. over the next several years. The Company decided to terminate this agreement due to the inability to agree to terms on the development of individual locations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the twelve months ended December 31, 2020 and 2019, we incurred compensation expense of $382 thousand and $108 thousand, respectively. The increase in
compensation costs is due primarily to the addition of 3 additional employees including our Chief Financial Officer who was a paid consultant for most of 2019. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Income Tax Benefit </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We did not record an income tax
benefit for the year ended December 31, 2020 or 2019 because we have been in a net loss situation since inception and have recorded a valuation allowance to offset any tax benefits generated by the operating losses. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Net Income Attributable to Non-controlling interests </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the year ended December 31, 2020, we generated net income attributable to non-controlling interest of $487 thousand as compared to net income of $494
thousand for the year ended December 31, 2019. The variance is primarily attributable to the preferred return on the redeemed non-controlling interest in 2019. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Net Loss Attributable to Shareholders </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the year
ended December 31, 2020, we generated a net loss attributable to our shareholders of $1.8 million as compared to a net loss of $1.5 million for the year ended December 31, 2019. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">61 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Liquidity and Capital Resources </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We require capital to fund our investment activities and operating expenses. Our capital sources may include net proceeds from offerings of our equity
securities, cash flow from operations and borrowings under credit facilities. As of June&nbsp;30, 2021, we had total cash (unrestricted and restricted) of approximately $0.6&nbsp;million, properties with a cost basis of $43.8&nbsp;million and
outstanding debt of approximately $31.4&nbsp;million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are currently dependent upon the net proceeds from our initial offering to conduct our
operations. We currently obtain the capital required to primarily invest in and manage a diversified portfolio of commercial net lease real estate investments and conduct our operations from the proceeds of our initial offering, debt financing,
preferred minority interest obtained from third parties and from any undistributed funds from our operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We anticipate that proceeds from our
initial offering combined with the revenue generated from investment properties and proceeds from debt arrangements will provide sufficient liquidity to meet future funding commitments for the next 12 months. If we are unable to raise additional
funds, we will make fewer investments resulting in less diversification in terms of the type, number, and size of investments we make. Our inability to raise substantial, additional funds would increase our fixed operating expenses as a percentage
of gross income, reducing our net income and limiting our ability to make distributions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021 and the year ending December&nbsp;31,
2020, we had $0.6&nbsp;million and $1.1&nbsp;million, respectively, of cash on hand and in our corporate bank accounts primarily from the proceeds of capital raised in our offering and from cash generated from our rental operations. As of
June&nbsp;30, 2021 and the year ended December&nbsp;31, 2020, we had total current liabilities (excluding the current portion of the acquired lease intangible liability) which consists of accounts payable, accrued expenses, insurance payable of
$939&nbsp;thousand and $565&nbsp;thousand, respectively. As of June&nbsp;30, 2021, current mortgage loan payments due within 12 months total $5.1&nbsp;million which includes $1.1&nbsp;million due to a related party and $3.4&nbsp;million due on the
Clearlake property both of which we believe can be refinanced at reasonable terms or their due date extended for another 12 months. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">62 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Outstanding indebtedness consisted of the following as of June&nbsp;30, 2021 and December 31, 2020: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="46%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maturity&nbsp;Date</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Interest&nbsp;Rate</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $3,407,391 by a financial institution. Note was issued on
September&nbsp;11, 2019 and can be prepaid at any time without penalty. Secured by our Walgreen-Cocoa, Florida property.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR><BR></TD>
<TD VALIGN="bottom" ALIGN="center">2.36%&nbsp;adjusted monthly<BR>based on 30 day LIBOR<BR>plus 225 basis points</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9/11/2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,407,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,407,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $1,286,664 by a financial institution, interest and principal payments
due monthly of approximately $3,800 which is calculated based on fixed interest rate of 3.72%. Note was originally issued on January&nbsp;15, 2015 and modified on November&nbsp;30, 2020 and can be prepaid at any time without penalty. Secured by our
Tampa Sherwin-Williams property.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR><BR><BR></TD>
<TD VALIGN="bottom" ALIGN="center">3.72% fixed rate after<BR>using SWAP whereas<BR>the loan is LIBOR plus<BR>2.75%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10/28/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,286,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,286,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $1,275,000 by a financial institution. Note was issued on
February&nbsp;4, 2021 and can be prepaid at any time without penalty. Secured by our <FONT STYLE="white-space:nowrap">GSA-Mateo,</FONT> North Carolina property.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR><BR><BR><BR></TD>
<TD VALIGN="bottom" ALIGN="center">3.4% adjusted monthly<BR>based on 30 day Wall<BR>Street Journal Prime<BR>Rate with minimum of<BR>3.25%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2/4/2023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,275,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $850,000 by a financial institution. Note was issued on April&nbsp;21,
2021 and can be prepaid at any time without penalty. Secured by our Irby - Plant City, FL property.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR><BR><BR><BR><BR><BR><BR><BR><BR></TD>
<TD VALIGN="bottom" ALIGN="center">2.75%&nbsp;adjusted&nbsp;monthly<BR>based on 30 day Wall<BR>Street Journal Prime<BR>Rate minus 0.5% with<BR>minimum of 3.0% for<BR>first 24 months, then<BR>U.S. Treasury<BR>Securities Rate plus<BR>2.75% with a
minimum<BR>of 3.25%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/31/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $8,260,000 by a financial institution, interest and principal payments
due monthly of approximately $41,500. Note was issued on September&nbsp;30, 2019 and can be prepaid at any time without penalty. Secured by our GSA/Maersk - Norfolk, Virginia property. The interest rate was reduced in March 2021 from 4.25% to
3.5%.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.50%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9/30/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,916,094</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,022,271</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $5,216,749 by a financial institution, interest and principal payments
due monthly of approximately $27,400. Note was originally issued on October&nbsp;23, 2017 and modified on September&nbsp;30, 2019 and can be prepaid at any time without penalty. Secured by our PRA - Norfolk, Virginia property. The interest rate was
reduced in March 2021 from 4.25% to 3.5%.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.50%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10/23/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,967,659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,041,935</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $1,900,000 to a Clearlake Preferred Member, secured by all of the
personal and fixture property of the Operating Partnership, interest payments due monthly. Note was issued on December&nbsp;16, 2019 and can be prepaid at any time without penalty.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10.00%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/16/2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $11,287,500 by a financial institution, interest only payment is
approximatley $39,000 and starting April&nbsp;6, 2021, interest and principal payments due monthly of approximately $55,000. Note was issued on February&nbsp;11, 2020. Secured by our Washington, DC, Tampa, FL and Huntsville, AL properties. It cannot
be prepaid without a penalty</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.17%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3/6/2030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,242,627</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,287,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: debt issuance costs, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(665,259</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(689,190</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>31,380,176</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>29,456,571</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">63 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company amortized debt issuance costs during the <FONT STYLE="white-space:nowrap">six-month</FONT>
periods ended June&nbsp;30, 2021 and 2020 to interest expense of $64&nbsp;thousand and $78&nbsp;thousand, respectively. The Company paid debt issuance costs for the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021 and 2020
of $40&nbsp;thousand and $565&nbsp;thousand, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, we had three promissory notes totaling approximately
$24.1&nbsp;million require Debt Service Coverage Ratios (also known as &#147;DSCR&#148;) of 1.25:1.0, one promissory note totaling $3.4&nbsp;million require DSCR of 1.10:1.0, one promissory note totaling $1.3&nbsp;million require DSCR of 1.20:1.0,
one promissory note totaling $0.9&nbsp;million require DSCR of 1.15:1.0 and one promissory note totaling $1.3&nbsp;million require DSCR of 1.30:1.0. We were in compliance with all covenants as of June&nbsp;30, 2021. The loan issued to the Clearlake
Preferred member has no DSCR requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, the Company&#146;s President has personally guaranteed the repayment of up to fifty
percent of the $3.4&nbsp;million loan secured by our Cocoa Beach property, the repayment of the $11.2&nbsp;million due under the DC/Tampa/Huntsville loan, the $1.3&nbsp;million loan secured by our Tampa Sherwin Williams property, the
$0.9&nbsp;million loan secured by our Irby property and the $1.3&nbsp;million loan secured by our GSA Mateo NC property. The aggregate guaranteed principal amount of these loans total approximately $18.1&nbsp;million. The Company&#146;s President
has also provided a guaranty of the Borrower&#146;s nonrecourse carveout liabilities and obligations in favor of the lender for the Norfolk, Virginia property loans, with an aggregate principal amount of approximately $12.9&nbsp;million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company modified the Bayport loans in February 2021 for no fees and reduced the associated interest rate from 4.25% to 3.5%. The Company determined that
the debt modification was not substantial under ASC <FONT STYLE="white-space:nowrap">470-50.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Minimum required principal payments on the
Company&#146;s debt as of June&nbsp;30, 2021 are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of</B><br><B>June&nbsp;30,</B><br><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021 (six months)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,786,649</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">580,786</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,890,494</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,983,297</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">252,318</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2026 and beyond</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,551,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">32,045,435</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, we have raised approximately $6,199,000 of gross proceeds from the sale of 309,942 shares of common
stock in our initial offering under Regulation A and subsequent private placements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The acquisition of the Manteo North Carolina property in February
2021, was funded with a Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interest contribution to one of our subsidiaries of $0.5&nbsp;million and by debt financing of approximately $1.3&nbsp;million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The acquisition of the Plant City Florida property in April 2021, was funded with a Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT>
Interest contribution to one of our subsidiaries of $0.9&nbsp;million and by debt financing of approximately $0.9&nbsp;million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The primary objective of
our financing strategy is to maintain financial flexibility using retained cash flows, long-term debt and common and perpetual preferred stock to finance our growth. We intend to have a lower-leveraged portfolio over the long-term after we have
acquired an initial substantial portfolio of diversified investments. During the period when we are acquiring our current portfolio, we will employ greater leverage on individual assets (that will also result in greater leverage of the current
portfolio) in order to quickly build a diversified portfolio of assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There can be no assurance that we will be able to keep costs from being more than
these estimated amounts or that we will be able to raise such funds. Even if we sell all shares offered through this registration statement, we expect that we will seek additional financing in the future. If we are unsuccessful at raising sufficient
funds, for whatever reason, to fund our operations, we may be forced to seek a buyer for our business or another entity with which we could create a joint venture. If all of these alternatives fail, we expect that we will be required to seek
protection from creditors under applicable bankruptcy laws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect to meet our short-term liquidity requirements generally through net cash provided
by operations, existing cash balances and, if necessary, short-term borrowings under a new credit facility. We believe that our net cash provided by operations will be adequate to fund certain operating requirements and pay interest on any
borrowings. In the near-term, we intend to fund future investments in properties with the net proceeds of this offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect to meet our long-term
liquidity requirements, including with respect to other investments in properties, property acquisitions and scheduled debt maturities, through the cash we will have available upon completion of this offering and borrowings under a future credit
facility and periodic issuances of equity securities and long-term secured and unsecured debt. The success of our acquisition strategy may depend, in part, on our ability to obtain and borrow under a new credit facility and to access additional
capital through issuances of equity and debt securities. However, if we are unable to raise more funds than what we currently have, we will make fewer investments resulting in less diversification in terms of the type, number, and size of
investments we make and the value of an investment in us will fluctuate with the performance of the specific assets we acquire. Further, we will have certain fixed operating expenses regardless of whether we are able to raise substantial funds in
this offering. Our inability to raise substantial funds would increase our fixed operating expenses as a percentage of gross income, reducing our net income and limiting our ability to make distributions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">64 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cash from Operations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash used in operations was $38&nbsp;thousand during the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021 compared with cash
provided by operations of $142&nbsp;thousand during the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2020. This change was due to the payment of working capital items offset in part by a decrease in cash loss in the current
year versus the comparable prior year period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash provided by operations was $0.3 million during the twelve months ended December 31, 2020 compared
with $0.3 million used in operations during the twelve months ended December 31, 2019. This improvement was due to an increase in revenue from acquisitions and a reduction in non-recurring expenses paid in the current year versus the comparable
prior year. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cash from Investing Activities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the <FONT
STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021 net cash used in investing activities was $3.5&nbsp;million as compared to $150&nbsp;thousand for the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2020.
The change is due to the purchase of $3.4&nbsp;million in properties during the six-month period ended June&nbsp;30, 2021 versus a roofing project associated with our Walmer building in 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash used in investing activities was $0.3&nbsp;million and $16.6&nbsp;million during the twelve months ended December&nbsp;31, 2020 and 2019,
respectively. This decrease was due to the Company only acquiring one property in 2020 with the debt being assumed versus three properties in 2019. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cash from Financing Activities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash generated by
financing activities was $3.1&nbsp;million for the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021 compared to net cash used in financing activities of $368&nbsp;thousand for the
<FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2020. The change is the result of the issuance of redeemable <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests for $1.5&nbsp;million and mortgage loan borrowings
of $2.1&nbsp;million, offset in part by $114&nbsp;thousand of distributions paid to common shareholders and $210&nbsp;thousand paid to redeemable <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests as compared to 2020 activity that
includes new mortgage borrowings on three properties for $11.3&nbsp;million which enabled the company to reduce outstanding debt by $10.7&nbsp;million, the payment of $105&nbsp;thousand of dividends, $565&nbsp;thousand in debt issuance costs and
redeemable <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests $183&nbsp;thousand. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Net cash used in financing activities during the twelve
months ended December 31, 2020 was $0.3 million as compared to net cash provided by financing activities during the twelve months ended December 31, 2019 of $17.6 million. The change is the result of acquiring $11.3 million of refinancing three
mortgage borrowings into one mortgage in 2020 versus $16.9 million of new mortgage borrowings on three properties in 2019. During the twelve months ended December 31, 2020 and 2019, the Company paid mortgage loan repayments of $10.1 million and $0.1
million, respectively. During the twelve months ended December 31, 2019, the Company received $1.2 million from the issuance of a redeemable interest and $1.9 million related party loan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Future Rental Payment </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table
presents future minimum base rental cash payments due to the Company over the next five calendar years and thereafter as of June&nbsp;30, 2021: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>June 30, </B><br><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021 (six months)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,863,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,746,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,376,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,381,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,245,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thereafter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,359,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,970,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Rental income estimates adjusted to contemplate rent increases. A lease that has a term of 50 years is assumed
to terminate after 10 years. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Off-Balance Sheet Arrangements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We do not have any material off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Non-GAAP Financial Measures </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our reported results are
presented in accordance with GAAP. We also disclose funds from operations (FFO) and adjusted funds from operations (AFFO) both of which are non-GAAP financial measures. We believe these two non-GAAP financial measures are useful to investors because
they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">FFO and AFFO do not represent
cash generated from operating activities and are not necessarily indicative of cash available to fund cash requirements; accordingly, they should not be considered alternatives to net income as a performance measure or cash flows from operations as
reported on our statement of cash flows as a liquidity measure and should be considered in addition to, and not in lieu of, GAAP financial measures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
compute FFO in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts or NAREIT. NAREIT defines FFO as GAAP net income or loss adjusted to exclude extraordinary items (as defined
by GAAP), net gain or loss from sales of depreciable real estate assets, impairment write-downs associated with depreciable real estate assets, and real estate related depreciation and amortization, including the pro rata share of such adjustments
of unconsolidated subsidiaries. We then adjust FFO for amortization of deferred financing costs, non-cash stock compensation, public company consulting fees, and non-recurring litigation expenses and settlements to calculate Core Adjusted Funds From
Operations, or Core AFFO. We use FFO and Core FFO as measures of our performance when we formulate corporate goals. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To derive AFFO, we modify the NAREIT
computation of FFO to include other adjustments to GAAP net income related to non-cash revenues and expenses, such as amortization of deferred financing costs, amortization of capitalized lease incentives, and above- and below-market lease related
intangibles. We then adjust AFFO for noncash stock compensation, public company consulting fees, and non-recurring litigation expenses and settlements to calculate Core Adjusted Funds From Operations, or Core AFFO. We use AFFO and Core AFFO as
measures of our performance when we formulate corporate goals. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">FFO is used by management, investors, and analysts to facilitate meaningful comparisons of
operating performance between periods and among our peers primarily because it excludes the effect of real estate depreciation and amortization and net gains on sales, which are based on historical costs and implicitly assume that the value of real
estate diminishes predictably over time, rather than fluctuating based on existing market conditions. We believe that AFFO is an additional useful supplemental measure for investors to consider because it will help them to better assess our
operating performance without the distortions created by other non-cash revenues or expenses. FFO and AFFO may not be comparable to similarly titled measures employed by other companies. We believe that Core FFO and Core AFFO are useful measures for
management and investors because they further remove the effect of noncash expenses and certain other expenses that are not directly related to real estate operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Because FFO excludes depreciation and amortization, gains and losses from property dispositions that are available for distribution to stockholders and
extraordinary items, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, development activities, general and administrative expenses
and interest costs, providing a perspective not immediately apparent from net income. In addition, our management team believes that FFO provides useful information to the investment community about our financial performance when compared to other
REITs since FFO is generally recognized as the industry standard for reporting the operations of REITs. However, FFO should not be viewed as an alternative measure of our operating performance since it does not reflect either depreciation and
amortization costs or the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties which are significant economic costs and could materially impact our results from operations. Nor does it
reflect distributions paid to redeemable non-controlling interests (See Note 6 of our Consolidated Financial Statements for the six months ended June&nbsp;30, 2021 and Note 7 of our Consolidated Financial Statements for the year ended December 31,
2020). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following tables reconcile net income (net loss), which we believe is the most comparable GAAP measure, to FFO, Core FFO, AFFO, and Core AFFO:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="75%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Six&nbsp;Months&nbsp;Ended&nbsp;June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net Loss</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(639,368</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(593,912</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">776,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">720,019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Funds From Operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>137,329</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>126,107</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of deferred financing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63,922</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,786</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Public company consulting fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-cash</FONT> stock compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments From Operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">154,818</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Core Funds From Operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 334,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 280,925</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net Loss attributable to Generation Income Properties, Inc.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(639,368</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(593,912</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">776,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">720,019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of deferred financing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63,922</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,786</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Below-market lease related intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(75,592</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(54,749</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments From Operation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">765,027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">743,056</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Adjusted Funds From Operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>125,659</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>149,144</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-cash</FONT> stock compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Public company consulting fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Settlement costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments From Operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Core Adjusted Funds From Operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 258,408</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 226,176</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">65 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="73%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Twelve&nbsp;Months&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net Loss </B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,344,615</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,014,345</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,452,556</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">665,675</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Funds From Operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>107,941</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(348,670</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of deferred financing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,424</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-cash stock compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">321,328</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Public company consulting fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-recurring litigation expenses and settlements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments From Operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">296,543<B></B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>558,752</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Core Funds From Operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>404,484</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>210,082</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net Loss </B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,344,615</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,014,345</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Adjusted Funds From Operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,452,556</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">665,675</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of deferred financing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,424</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Above-and below-market lease related intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(109,496</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39,461</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments From Operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,477,958</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">698,638</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Adjusted Funds From Operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>133,343</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(315,707</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-cash stock compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">321,328</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Public company consulting fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Non-recurring litigation expenses and settlements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments From Operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">486,328</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Core Adjusted Funds From Operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>294,988</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>170,621</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">66 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Critical Accounting Policies </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our financial statements are affected by the accounting policies used and the estimates and assumptions made by management during their preparation. See our
audited consolidated financial statements included herein for a summary of our significant accounting policies. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">67 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_11"></A>OUR MANAGEMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Directors and Officers </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table provides
information regarding our executive officers and directors as of August 23, 2021: </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="22%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="68%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Age</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Position</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">David Sobelman</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">49</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chairman of the Board of Directors, President, Chief Executive Officer, Secretary and Assistant Treasurer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Richard Russell</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">60</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chief Financial Officer and Treasurer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Benjamin Adams*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">49</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Board Member</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Patrick Quilty*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">55</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Board Member</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Betsy Peck*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">60</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Board Member</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Stuart Eisenberg*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">58</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Board Member</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Independent as determined pursuant to the rules of the Nasdaq Stock Market LLC. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following are biographical summaries of the experience of our directors and executive officers: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>David Sobelman </B>serves as chairman of our Board and our President, Chief Executive Officer, Secretary, and Assistant Treasurer. He founded Generation
Income Properties, Inc. after serving almost 13 years in different capacities within the net lease commercial real estate market. In June 2017, Mr.&nbsp;Sobelman started 3 Properties, a commercial real estate brokerage firm focused solely on the net
lease market. Mr.&nbsp;Sobelman has held various roles within the single tenant, net lease commercial real estate investment market, including investor, asset manager, broker, owner, analyst and advisor. In 2005, David began working with Calkain
Companies LLC, a real estate brokerage and advisory firm. During his tenure, Calkain grew from two employees to over 40, and became one of the leading single tenant, net lease firms in the country. Prior to Mr.&nbsp;Sobelman&#146;s career in single
tenant, net lease investments, he served as a member of The White House staff, and was subsequently appointed to work for the Secretary of the Department of Health and Human Services. Mr.&nbsp;Sobelman wrote <I>The Little Book of Triple Net Lease
Investing</I>, a leading book on the single tenant, <FONT STYLE="white-space:nowrap">triple-net</FONT> lease investment market, which is currently in its second edition. Mr.&nbsp;Sobelman is a featured speaker at conferences in the United States and
abroad and has been quoted in articles in The Wall Street Journal, Forbes, Fortune and various regional real estate trade publications. Mr.&nbsp;Sobelman received a bachelor of science degree from the University of Florida and is an alumnus of the
Harvard Business School Executive Education Real Estate Management Program. Mr.&nbsp;Sobelman is a board member for the University of Florida Foundation. We believe that Mr. Sobelman&#146;s experience in the net lease commercial real estate market
and his status as founder of the Company qualify him for service as one of our directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Richard Russell</B><B><I></I></B> has served as Chief
Financial Officer of the Company since December 20, 2019 and has served as our treasurer since December 2019. Prior to that time, he served as a financial consultant to us. Mr.&nbsp;Russell also has served as Chief Financial Officer of LM Funding
America Inc. (NASDAQ: LMFA) since November 2017. In November 2020, Mr. Russell was appointed as Chief Financial Officer, Treasurer and Board Member of LMF Acquisition Opportunities Inc. (a special purpose acquisition corporation) (NASDAQ: LMAO).
Since 2016 Mr.&nbsp;Russell has provided financial and accounting consulting services with a focus on technical and external reporting, internal auditing, mergers&nbsp;&amp; acquisitions, risk management and interim CFO and controller services.
Mr.&nbsp;Russell also served as Chief Financial Officer for Mission Health from 2013 to 2016 and before that, Mr.&nbsp;Russell served in a variety of roles for Cott Corporation from 2007 to 2013 including Senior Director Finance, Senior Director of
Internal Auditing and Assistant Corporate Controller. Mr.&nbsp;Russell&#146;s extensive professional experience with public companies includes his position as Director of Financial Reporting and Internal Controls for Quality Distribution and as
Danka&#146;s Director of Reporting from 2001 &#150; 2004. Mr.&nbsp;Russell earned his bachelor of science in accounting and a masters in tax accounting from the University of Alabama, a bachelor of arts in international studies from the University
of South Florida and a masters in business administration from the University of Tampa. On March 1, 2020, Mr. Russell was appointed to the board of directors for Trident Brands Inc. (OTC: &#147;TDNT&#148;) a publicly held consumer products company.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Benjamin Adams</B> has been a board member since July 2019. He has also been Chief Executive Officer and Founder of Ten Capital Management since May
2011, an independent, fundamental value-driven private equity real estate firm based in Cleveland, Ohio. He is responsible for the strategic direction and oversight of all firm activities. From January 2008 to April 2011, Mr.&nbsp;Adams was a
Portfolio Manager with The Townsend Group, where he oversaw $1.7&nbsp;billion in private equity real estate assets under management within the firm&#146;s discretionary investment management business, and was actively involved in product development
and structuring. Prior to Townsend, Mr.&nbsp;Adams was a Vice President and General Counsel of Lionstone Development LLC, a Miami-based, principal balance sheet investor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Adams practiced law with Greenberg Traurig LLP in New York, New York, and served as the Special Assistant to the White House Counsel in the Clinton
Administration. Mr.&nbsp;Adams has a law degree from Georgetown University Law Center and a Bachelor of Arts from Miami University in Oxford, Ohio. We believe that Mr. Adam&#146;s position as the founder and Chairman Emeritus of the Defined
Contribution Real Estate Council (DCREC) and his understanding of accounting principles and financial presentation and analysis qualifies him for service as one of our directors. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">68 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Patrick Quilty</B> has been a board member since July 2019. He has also been Chief Credit Officer for AIG
Multinational and Alternative Risk Group since September 2012. He is responsible for overseeing, assessing and approving a portfolio of highly structured transactions providing global risk solutions for middle market and Fortune 50 companies across
diversified industries. From October 2010 to September 2012, Mr.&nbsp;Quilty was <FONT STYLE="white-space:nowrap">Co-Founder</FONT> and Head of Credit Risk at Specialized Performance Advisory Group LLC, an independent asset management firm providing
investment, advisory and risk counseling for family office and institutional clients. From November 2003 to October 2010, Mr.&nbsp;Quilty was a Senior Portfolio Manager for Barclays Capital Loan Portfolio focused on the Specialty Finance and REIT
sectors. Mr.&nbsp;Quilty has also served as a credit derivatives trader in their Principal Credit and Risk Finance Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Over his thirty-year career,
Mr.&nbsp;Quilty has held senior portfolio, trading and risk management positions at ABN AMRO, Chase Asset Management, Lehman Brothers and JP Morgan. Mr.&nbsp;Quilty has a Bachelor of Science in Economics from Florida State University and completed
graduate coursework in Real Estate Investment and Development at the Steven L Newman Real Estate Institute at Baruch College. We believe that Mr. Quilty&#146;s prior work experience and understanding of accounting principles, risk management,
financial presentation and analysis qualify him for service as one of our directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Betsy Peck</B> was appointed a board member on February 3, 2020.
She retired in 2018 from Jones Lang LaSalle (&#147;JLL&#148;) a publicly held professional services firm specializing in real estate and investment management. Ms. Peck served in various positions from July 2008 to March 2018 with the latest
position being Chief Operating Officer, Markets where she was responsible for managing a $2 billion operation with more than 1,000 sales professionals for maximum efficiency and effectiveness, driving ongoing growth. Prior to this role, Ms. Peck
served as JLL&#146;s Chief Administrative Officer, Brokerage from July 2008 to December 2012. Ms. Peck also served as Chief Administrative Officer at The Staubach Company where she worked from June 1996 to July 2008, she was a senior partner who
drove strategy and execution for optimum integration of finance, human resources, IT and administration. She was also an integral member of the team during the company&#146;s merger with Jones Lang LaSalle. Prior to that, Ms. Peck served in a
variety of companies in various finance and accounting functions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ms. Peck obtained a Bachelor of Science in Accounting from the University of Scranton.
She is a member of the American Institute of Certified Public Accountants and a member of the National Association of Corporate Directors. Ms. Peck also serves or has served as an advisory board member for several companies including Forge,
Patrocinium and BB&amp;T. Ms. Peck&#146;s experience serving publicly-held companies brings to our Board of Directors an understanding of public company operations, financial reporting, disclosure, and corporate governance. We believe that Ms.
Peck&#146;s prior real estate management experience and her understanding of accounting principles, internal accounting control and financial presentation and analysis qualify her for service as one of our directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stuart Eisenberg </B>was appointed a board member on February 3, 2020. He recently retired from BDO USA, LLP where he was a partner in the real estate
services group from July 1997 until June 2019. Mr. Eisenberg served as the firm&#146;s national real estate and construction industry practice leader and a member of the firm&#146;s international real estate and construction industry steering
committee.&nbsp;His experience includes consulting in connection with the&nbsp;formation, structuring and development of REITs and real estate operating companies. He also provided&nbsp;financial reporting and&nbsp;due-diligence services in numerous
initial and follow-on public offerings and&nbsp;in connection with the&nbsp;acquisition, financing and dispositions of commercial real estate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.
Eisenberg has a bachelor&#146;s degree from Adelphi University and is a member of the American Institute of Certified Public Accountants and the&nbsp;New York State Society of Certified Public Accountants. Mr. Eisenberg&#146;s experience serving
publicly-held companies brings to our Board of Directors a comprehensive understanding of public company operations, financial reporting, and corporate governance, as well as perspective regarding potential acquisitions. We believe that Mr.
Eisenberg&#146;s prior work a partner at BDO USA, LLP in the real estate services group and sophisticated understanding of accounting principles, auditing standards, and internal accounting controls qualify him for service as one of our directors.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Conflicts of Interest </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We do not have a formal
written policy for the review and approval of transactions with related parties. Our unwritten policy with regard to transactions with related persons is that all material transactions are to be reviewed by the entire Board for any possible
conflicts of interest. The Board is responsible for review, approval, or ratification of&nbsp; &#147;related-person transactions&#148; involving the Company and related persons. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">69 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company had previously engaged 3 Properties (a brokerage and asset manager company) that is owned 100%
by the Company&#146;s CEO, when it purchases properties and to manage properties. This agreement was terminated effective August 31, 2020. For the year ended December 31, 2020 and 2019, we paid 3 Properties $40,135 and $23,260, respectively for
asset management services related to the property owned by GIP. Our independent Board members will review any future transactions or agreements with Mr. Sobelman, or any other related party of Mr. Sobelman or the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The sellers of properties acquired by the Company paid 3 Properties $230,224 for the year ended December 31, 2019, in brokerage fees for the acquisition of
various properties identified for us by 3 Properties. No other fees were paid by the Company to 3 Properties for the year ended December&nbsp;31, 2020 or 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November 30, 2020, the Company acquired an approximately 3,500-square-foot building from GIP Fund 1, LLC a related party that is owned 10% by the President
and Chairman of the Company. The retail single-tenant property (occupied by The Sherwin-Williams Company) in Tampa, Florida was acquired for approximately $1.8 million and was funded with approximately $1.3 million of debt from Valley National Bank
and the issuance of 24,309 partnership units in Generation Income Properties LP valued at $20.00 per unit for purposes of the contribution for a total value of $486,180 plus $1,000 in cash. Sherwin Williams has a credit rating of BBB from Standard
&amp; Poor&#146;s with approximately 7.5 years remaining on the lease term for the property. Following our acquisition of this property, GIP Fund I was liquidated, and following such liquidation, Mr. Sobelman became the direct owner of an
approximately 0.272% interest in GIP LP. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Director Independence </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Nasdaq Marketplace Rules require a majority of a listed company&#146;s board of directors to be comprised of independent directors. In addition, the Nasdaq
Marketplace Rules require that, subject to specified exceptions, each member of a listed company&#146;s audit, compensation and nominating and corporate governance committees be independent and that audit committee members also satisfy independence
criteria set forth in <FONT STYLE="white-space:nowrap">Rule&nbsp;10A-3</FONT> under the Exchange Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under Rule&nbsp;5605(a)(2) of the Nasdaq
Marketplace Rules, a director will only qualify as an &#147;independent director&#148; if, in the opinion of our board of directors, that person does not have a relationship that would interfere with the exercise of independent judgment in carrying
out the responsibilities of a director. In order to be considered independent for purposes of <FONT STYLE="white-space:nowrap">Rule&nbsp;10A-3</FONT> of the Exchange Act, a member of an audit committee of a listed company may not, other than in his
or her capacity as a member of the audit committee, the board of directors, or any other board committee, accept, directly or indirectly, any consulting, advisory, or other compensatory fee from the listed company or any of its subsidiaries or
otherwise be an affiliated person of the listed company or any of its subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our board of directors has reviewed the composition of our board of
directors and its committees and the independence of each director. Based upon information requested from and provided by each director concerning their background, employment and affiliations, including family relationships, our board of directors
has determined that each of Benjamin Adams, Patrick Quilty, Betsy Peck and Stuart Eisenberg is an &#147;independent director&#148; as defined under Rule&nbsp;5605(a)(2) of the Nasdaq Marketplace Rules. Our board of directors also determined that the
directors who each serve on our audit committee, our compensation committee, and our nominating and corporate governance committee, satisfy the independence standards for such committees established by the SEC and the Nasdaq Marketplace Rules, as
applicable. In making such determinations, our board of directors considered the relationships that each such <FONT STYLE="white-space:nowrap">non-employee</FONT> director has with the Company and all other facts and circumstances our board of
directors deemed relevant in determining independence, including the beneficial ownership of our capital stock by each <FONT STYLE="white-space:nowrap">non-employee</FONT> director. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">70 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Board Committees </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our board of directors has established three standing committees&nbsp;&#151;&nbsp;audit, compensation, and nominating and corporate
governance&nbsp;&#151;&nbsp;each of which will operate under a charter approved by our board of directors prior to the completion of this offering. Prior to the completion of this offering, copies of each committee&#146;s charter will be posted on
the Investor Relations section of our website, which is located at www.gipreit.com. Each committee has the composition and responsibilities described below. Our board of directors may from time to time establish other committees. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Audit Committee </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our audit committee
consists of Benjamin Adams, Betsy Peck and Stuart Eisenberg, with Mr. Eisenberg serving as the chair of the committee. Our board of directors has determined that each of the members of our audit committee satisfies the Nasdaq Marketplace Rules and
SEC independence requirements. The functions of this committee include, among other things: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">evaluating the performance, independence and qualifications of our independent auditors and determining whether
to retain our existing independent auditors or engage new independent auditors; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing and approving the engagement of our independent auditors to perform audit services and any permissible <FONT
STYLE="white-space:nowrap">non-audit</FONT> services; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing our annual and quarterly financial statements and reports, including the disclosures contained under
the caption &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations,&#148; and discussing the statements and reports with our independent auditors and management; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing with our independent auditors and management significant issues that arise regarding accounting
principles and financial statement presentation and matters concerning the scope, adequacy and effectiveness of our financial controls; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing our major financial risk exposures, including the guidelines and policies to govern the process by
which risk assessment and risk management is implemented; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing and evaluating on an annual basis the performance of the audit committee, including compliance of the
audit committee with its charter. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our board of directors has determined that Mr. Eisenberg qualifies as an &#147;audit
committee financial expert&#148; within the meaning of applicable SEC regulations and meets the financial sophistication requirements of the Nasdaq Marketplace Rules. Both our independent registered public accounting firm and management periodically
will meet privately with our audit committee. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Compensation Committee </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our compensation committee consists of Benjamin Adams, Stuart Eisenberg and Patrick Quilty, with Mr.&nbsp;Adams serving as the chair of the
committee. Our Board has determined that each of the members of our compensation committee satisfies the Nasdaq Marketplace Rules independence requirements. The functions of this committee include, among other things: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing, modifying and approving (or if it deems appropriate, making recommendations to the full board of
directors regarding) our overall compensation strategy and policies; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing and approving the compensation, the performance goals and objectives relevant to the compensation, and
other terms of employment of our executive officers; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing and approving (or if it deems appropriate, making recommendations to the full board of directors
regarding) the equity incentive plans, compensation plans and similar programs advisable for us, as well as modifying, amending or terminating existing plans and programs; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">71 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing and approving the terms of any employment agreements, severance arrangements, change in control
protections and any other compensatory arrangements for our executive officers; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reviewing with management and approving our disclosures, once required, under the caption &#147;Compensation
Discussion and Analysis&#148; in our periodic reports or proxy statements to be filed with the SEC; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">preparing the report that the SEC requires in our annual proxy statement, once required. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Nominating and Corporate Governance Committee </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our nominating and corporate governance committee consists of Benjamin Adams, Betsy Peck and Patrick Quilty, with Ms. Peck serving as the chair
of the committee. Our board of directors has determined that each of the members of this committee satisfies the Nasdaq Marketplace Rules independence requirements. The functions of this committee include, among other things: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">identifying, reviewing and evaluating candidates to serve on our board of directors consistent with criteria
approved by our board of directors; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">evaluating director performance on our board of directors and applicable committees of our board of directors and
determining whether continued service on our board of directors is appropriate; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">evaluating, nominating and recommending individuals for membership on our board of directors; and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">evaluating nominations by stockholders of candidates for election to our board of directors.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We do not have a policy regarding the consideration of any director candidates that may be recommended by our
stockholders, including the minimum qualifications for director candidates, nor has our board established a process for identifying and evaluating director nominees. We have not adopted a policy regarding the handling of any potential recommendation
of director candidates by our stockholders, including the procedures to be followed. Our board has not considered or adopted any of these policies, as we have never received a recommendation from any stockholder for any candidate to serve on our
Board. While there have been no nominations of additional directors proposed, in the event such a proposal is made, our current board will participate in the consideration of director nominees. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Code of Business Conduct and Ethics </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our
board of directors has adopted a written code of conduct that applies to our directors, officers and employees, including our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing
similar functions. We post on our website a current copy of the code and intend to post any disclosures that are required by law or Nasdaq Marketplace Rules concerning any amendments to, or waivers from, any provision of the code that applies to our
principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Family
Relationships </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There are no family relationships between or among any of our directors or executive officers. There are no family
relationships among our officers and directors and those of our subsidiaries. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Board Leadership Structure </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Board does not have a policy on whether the same person should serve as both the President and Chairman of the Board or, if the roles are
separate, whether the Chairman should be selected from the <FONT STYLE="white-space:nowrap">non-employee</FONT> directors or should be an employee. Our Board believes that it should have the flexibility to periodically determine the leadership
structure that it believes is best for the Company. The Board believes that its current leadership structure, with Mr.&nbsp;Sobelman serving as both President and Board Chairman, is appropriate given the efficiencies of having the President also
serve in the role of Chairman. The Board currently believes that Mr.&nbsp;Sobelman is uniquely qualified to serve as President and in the role of leader of the Board given his history and experience with the Company, his significant ownership
interest in the Company and the current size of the Company and the Board. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">72 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our lead independent director is currently Benjamin Adams. The Chairman and the President
consults periodically with the lead director on Board matters and on issues facing the Company. In addition, the lead director serves as the principal liaison between the Chairman of the Board and the independent directors and presides at an
executive session of <FONT STYLE="white-space:nowrap">non-management</FONT> directors at each regularly scheduled Board meeting. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Role of Board in Risk
Oversight Process </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We face a number of risks, including those described under the caption &#147;Risk Factors&#148; contained elsewhere
in this prospectus. Our board of directors believes that risk management is an important part of establishing, updating and executing on our business strategy. Our board of directors has oversight responsibility relating to risks that could affect
our corporate strategy, business objectives, compliance, operations, and the financial condition and performance. Our board of directors focuses its oversight on the most significant risks facing us and, on our processes, to identify, prioritize,
assess, manage and mitigate those risks. Our board of directors receives regular reports from members of our senior management on areas of material risk to us, including strategic, operational, financial, legal and regulatory risks. While our board
of directors has an oversight role, management is principally tasked with direct responsibility for management and assessment of risks and the implementation of processes and controls to mitigate their effects on us. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Indemnification Agreements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have
entered into indemnification agreements with each of our executive officers and directors, and expect to enter into indemnification agreements with future executive officers and directors. Each indemnification agreement provides, among other things,
that we will indemnify, to the maximum extent permitted by law, the covered officer or director against any and all judgments, penalties, fines and amounts paid in settlement, and all reasonable and <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses (including attorneys&#146; fees), actually and reasonably incurred in connection with any threatened, pending or completed action, suit, arbitration, alternative dispute resolution
mechanism, investigation, inquiry, administrative hearing or other proceeding that arises out of the officer&#146;s or director&#146;s status as a present or former officer, director, employee or agent of the Company. Each indemnification agreement
also requires us, upon request of the covered officer or director, to advance the expenses related to such an action provided that the officer or director undertakes to repay any amounts to which he is subsequently determined not to be entitled. The
indemnification agreement is not exclusive of any other rights to indemnification or advancement of expenses to which the covered officer or director may be entitled, including any rights arising under our charter or bylaws or applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Disclosure of Commission Position on Indemnification for Securities Act Liabilities. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to
the foregoing provisions, we have been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is therefore unenforceable. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">73 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_12"></A>EXECUTIVE COMPENSATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of April 1, 2018, we commenced paying our President and Chief Executive Officer a salary of $100,000 per year. No compensation was paid to our President in
cash, or otherwise, for services performed for the year ending December 31, 2017 or 2016, as we did not compensate our employees or consultants until April 1, 2018. Mr. Russell was engaged as our Chief Financial Officer on December 20, 2019 and
prior to that time he was a financial consultant and was paid an hourly rate of between $150 to $175 per hour based on the amount of time spent on the Company. On December 20, 2019, we entered into an employment agreement with Mr.&nbsp;Russell
pursuant to which his compensation structure changed as described below. During the twelve months ended December 31, 2018, we paid Mr.&nbsp;Russell consulting fees of $47,687. From January 1, 2019 to December 19, 2019, we paid Mr.&nbsp;Russell
consulting fees of $107,145. Effective December 1, 2020, Mr. Russell&#146;s employment agreement was amended in which he waived his right to cash compensation in lieu of being awarded 550 restricted shares of common stock each month until the
closing of an initial underwritten public offering. Following this offering, Mr. Russell will revert back to being paid $175 per hour in accordance with his prior employment agreement. We have no current plans to make any other changes to the
compensation of our named executive officers following this offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The table below summarizes all compensation awarded to, earned by, or paid to our
named executive officer for all services rendered in all capacities to us for each of the years ended December 31, 2019 and 2020. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Summary Compensation Table </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Name And Principal Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Salary<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bonus<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock<BR>Awards<BR>(1) ($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>Awards<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Non-Equity<BR>Incentive Plan<BR>Compensation<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Nonqualified<BR>Deferred<BR>Compensation<BR>Earnings ($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All Other<BR>Compensation<BR>($)(3)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total ($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">David Sobelman, President and CEO</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,936</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,936</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Richard Russell, Chief Financial Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112,973</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136,000</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248,973</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">109,232</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">109,232</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The amounts reported in this column represent the aggregate fair value of the stock awards, calculated in
accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Stock Compensation. Relevant assumptions used to determine these amounts include a $20.00 per share valuation with a 0% forfeiture rate.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Includes $107,145 in consulting fees from January 1, 2019 through December 19, 2019. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Consists of health insurance premiums. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">$11,000 of such amount reflects the aggregate fair value of the stock award associated with the issuance of 550
restricted shares of common stock in lieu of cash compensation. Effective December 1, 2020, Mr. Russell&#146;s employment agreement was amended in which he waived his right to cash compensation in lieu of being awarded 550 restricted shares of
common stock each month until the closing of an initial underwritten public offering. Pursuant to the employment agreement prior to its amendment, Mr. Russell would have been paid $175 per hour in compensation during December 2020. In addition, on
February 3, 2020, Mr. Russell was awarded 6,250 shares of restricted common stock which vests equally over 3 years, subject to continued service. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Outstanding Equity Awards at Fiscal Year-End </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
following table provides information on exercisable and unexercisable options and unvested stock awards held by the named executive officers on December&nbsp;31, 2020. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="56%"></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Equity&nbsp;Incentive&nbsp;Plan</B><br><B>Awards:&nbsp;Unearned&nbsp;Shares</B><br><B>or&nbsp;Other&nbsp;Rights&nbsp;That</B><br><B>Have&nbsp;Not&nbsp;
Vested&nbsp;(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Price&nbsp;Equity&nbsp;Incentive</B><br><B>Plan&nbsp;Award:</B><br><B>Market&nbsp;of</B><br><B>Payout&nbsp;Value&nbsp;of</B><br><B>Unearned&nbsp;
Share</B><br><B>or&nbsp;Rights&nbsp;That</B><br><B>Have&nbsp;Not&nbsp;Vested&nbsp;($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Richard Russell<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">125,000</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">On February 3, 2020, Mr. Russell was awarded 6,250 shares of restricted common stock which vests equally over 3
years, subject to continued service. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Based on a value of $20.00 per share. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Equity-Based Incentive Compensation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">An important element
of our total executive compensation is our equity award program. We believe that our equity award program serves a number of important corporate objectives, most importantly the alignment of our executives&#146; interests with our stockholders&#146;
interests. Our equity award program helps to ensure that each of our executives and directors have a significant portion of his net worth tied to the performance of our stock. We plan to grant additional restricted stock with time-based vesting
under our long-term equity incentive program. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Generation Income Properties, Inc. 2020 Omnibus Incentive Plan </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We did not maintain any equity-based incentive compensation plan during 2019. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with this offering, our board has adopted, and our current stockholders have approved, the Generation Income Properties, Inc. 2020 Omnibus
Incentive Plan (the &#147;Omnibus Incentive Plan&#148;). The Omnibus Incentive Plan will become effective on the date on which this offering is completed. The following description of the material terms and conditions of the Omnibus Incentive Plan
is qualified by reference to the full text of the Omnibus Incentive Plan. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Administration </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Omnibus Incentive Plan will be administered by our board or our compensation committee, or any other committee or subcommittee or one or more of our
officers to whom authority has been delegated (the &#147;Administrator&#148;). The Administrator will have the authority to interpret the Omnibus Incentive Plan or award agreements covering awards; prescribe, amend and rescind rules and regulations
relating to the Omnibus Incentive Plan; correct any defect, supply any omission or reconcile any inconsistency in the Omnibus Incentive Plan, any award or any agreement covering an award; and make all other determinations necessary or advisable for
the administration of the Omnibus Incentive Plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">74 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Eligibility </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Administrator may designate any of the following as a participant under the Omnibus Incentive Plan: any officer or other employee; any individual engaged
to become an officer or employee; and any consultant or advisor who provides services; or any director, including any <FONT STYLE="white-space:nowrap">non-employee</FONT> director. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Types of Awards </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Omnibus Incentive Plan permits the
Administrator to grant stock options, stock appreciation rights, performance shares, performance units, shares of common stock, restricted stock, restricted stock units, cash incentive awards, dividend equivalent units, or any other type of award
permitted under the Omnibus Incentive Plan. The Administrator may grant any type of award to any participant it selects, but only our employees or our subsidiaries&#146; employees may receive grants of incentive stock options within the meaning of
Section&nbsp;422 of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;). Awards may be granted alone or in addition to, in tandem with, or (subject to the repricing prohibition described below) in substitution for any other award
(or any other award granted under another plan of the Company or any affiliate, including the plan of an acquired entity). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Shares Reserved under the
Omnibus Incentive Plan </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Omnibus Incentive Plan provides that 2,000,000 shares of our common stock are reserved for issuance under the Omnibus
Incentive Plan, all of which may be issued pursuant to the exercise of incentive stock options. The number of shares reserved for issuance under the Omnibus Incentive Plan will be reduced on the date of the grant of any award by the maximum number
of shares, if any, that may be issuable under the award. If (a)&nbsp;an award lapses, expires, terminates or is canceled without issuance of shares, (b)&nbsp;the Administrator determines that the shares granted under an award will not be issuable
because the conditions for issuance will not be satisfied, (c)&nbsp;shares are forfeited under an award, or (d)&nbsp;shares are issued under any award and we reacquire them pursuant to our reserved rights upon the issuance of the shares, then those
shares are added back to the reserve and may again be used for new awards under the Omnibus Incentive Plan, but shares added back to the reserve under clause (d)&nbsp;may not be issued pursuant to incentive stock options. In no event will the
following shares be added back to the reserve: shares purchased by us using proceeds from stock option exercises, shares that are tendered or withheld in payment of the exercise price of a stock option or as a result of the net settlement of
outstanding stock appreciation rights or shares that are tendered or withheld to satisfy federal, state or local tax withholding obligations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT
STYLE="white-space:nowrap">Non-Employee</FONT> Director Award Limitation </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the Omnibus Incentive Plan&#146;s adjustment provisions, the
maximum number of shares that may be granted to any <FONT STYLE="white-space:nowrap">non-employee</FONT> director in any fiscal year cannot exceed the number of shares with a grant date fair value of, when added to any cash compensation received by
such <FONT STYLE="white-space:nowrap">non-employee</FONT> director, $200,000. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Options </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Administrator may grant stock options and determine all terms and conditions of each stock option, which include whether a stock option is an incentive
stock option or a nonqualified stock option, the grant date, the number of shares subject to the option, the exercise price, the terms and conditions of vesting and exercise and the term. However, the exercise price per share of common stock may
never be less than the fair market value of a share of common stock on the date of grant and the expiration date may not be later than 10 years after the date of grant. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Stock Appreciation Rights </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Administrator may grant
stock appreciation rights (&#147;SARs&#148;). A SAR is the right of a participant to receive cash in an amount, or common stock with a fair market value, equal to the appreciation of the fair market value of a share of common stock during a
specified period of time. The Omnibus Incentive Plan provides that the Administrator will determine all terms and conditions of each SAR, including, among other things: (a)&nbsp;whether the SAR is granted independently of a stock option or relates
to a stock option, (b)&nbsp;the grant price, which may never be less than the fair market value of our common stock as determined on the date of grant, (c)&nbsp;a term that must be no later than 10 years after the date of grant, and (d)&nbsp;whether
the SAR will settle in cash, common stock or a combination of the two. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Performance and Stock Awards </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Administrator may grant awards of shares of common stock, restricted stock, restricted stock units (&#147;RSUs&#148;), performance shares, or performance
units. Restricted stock means shares of common stock that are subject to a risk of forfeiture or restrictions on transfer, which may lapse upon the achievement or partial achievement of performance goals (as described below) or upon
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">75 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the completion of a period of service, or both. An RSU grants the participant the right to receive cash or shares of common stock the value of which is equal to the fair market value of one share
of common stock. Performance shares give the participant the right to receive shares of common stock to the extent performance goals are achieved. Performance units give the participant the right to receive cash or shares of common stock valued in
relation to a unit that has a designated dollar value or the value of which is equal to the fair market value of one or more shares of common stock, to the extent performance goals are achieved or other requirements are met. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Administrator will determine all terms and conditions of the awards including (a)&nbsp;whether performance goals must be achieved for the participant to
realize any portion of the benefit provided under the award, (b)&nbsp;the length of the vesting or performance period and, if different, the date that payment of the benefit will be made, (c)&nbsp;with respect to performance units, whether to
measure the value of each unit in relation to a designated dollar value or the fair market value of one or more shares of common stock, and (d)&nbsp;with respect to RSUs and performance units, whether the awards will settle in cash, in shares of
common stock (including restricted stock), or in a combination of the two. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Incentive Awards </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Administrator may grant annual incentive awards and long-term incentive awards. An incentive award is the right to receive a cash payment to the extent one
or more performance goals are achieved. The performance goals for an annual incentive award must relate to a period of at least one year, and the performance goals for a long-term incentive award must relate to a performance period of more than one
year. The Administrator will determine all terms and conditions of a cash incentive award, including, but not limited to, the performance goals, the performance period, the potential amount payable and the timing of payment. While the Omnibus
Incentive Plan authorizes cash incentive awards to be granted under the Omnibus Incentive Plan, we may also make cash incentive awards outside of the Omnibus Incentive Plan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Dividend Equivalent Units </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Administrator may grant
dividend equivalent units. A dividend equivalent unit is the right to receive a payment, in cash or shares of our common stock, equal to the cash dividends or other cash distributions paid with respect to a share. The Administrator will determine
all terms and conditions of a dividend equivalent unit, including, but not limited to, whether the award will be granted in tandem with another award, whether payment of the award will be made concurrently with dividend payments or credited to a
deferred compensation account, whether the award will be settled in cash or shares of our common stock and whether the award will be contingent on performance goals. Any dividend equivalent unit granted in tandem with another award will include
vesting provisions no more favorable to the participant than the tandem award and no dividend equivalent units relating to another award will provide for payment with respect to the award prior to its vesting. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other Stock-Based Awards </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Administrator may grant to
any participant shares of unrestricted stock as a replacement for other compensation to which such participant is entitled, such as in payment of director fees, in lieu of cash compensation, in exchange for cancellation of a compensation right, or
as a bonus. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Performance Goals </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of the
Omnibus Incentive Plan, the Administrator may establish any objective or subjective performance goals which may apply to any performance award. Such performance goals may include, but are not limited to, one or more of the following measures with
respect to the Company or any one or more of our subsidiaries, affiliates, or other business units: funds from operations (and derivatives thereof, including, but not limited to, core funds from operations, adjusted funds from operations, recurring
funds from operations per diluted share, or growth in funds from operations); occupancy rates; net operating income or growth in net operating income; return measures (including, but not limited to, return on assets, investment, capital or equity);
EBITDA; EBITDA growth; share price (including, but not limited to, growth measures and total stockholder return); general and administrative expenses as a percentage of total revenues; debt and debt-related ratios, including, but not limited to,
debt to total market capitalization; debt to EBITDA; debt to assets and fixed charge coverage ratios (determined with or without the pro rata share of our ownership interest in <FONT STYLE="white-space:nowrap">co-investment</FONT> partnerships); net
asset value per share; or growth in net asset value per share determined on an annual or multi-year basis. The Administrator reserves the right to adjust any performance goals or modify the manner of measuring or evaluating a performance goal. The
Administrator may establish other performance goals not listed in the plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">76 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Transferability </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Awards are not transferable other than by will or the laws of descent and distribution, unless and to the extent the Administrator allows a participant to
(a)&nbsp;designate in writing a beneficiary to exercise the award or receive payment under the award after the participant&#146;s death, (b)&nbsp;transfer an award to a former spouse as required by a domestic relations order incident to a divorce,
or (c)&nbsp;transfer an award without receiving any consideration. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Adjustments </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If (a)&nbsp;we are involved in a merger or other transaction in which our shares of common stock are changed or exchanged; (b)&nbsp;we subdivide or combine
shares of common stock or declare a dividend payable in shares of common stock, other securities, or other property (other than stock purchase rights issued pursuant to a stockholder rights agreement); (c) we effect a cash dividend that exceeds 10%
of the fair market value of a share of common stock or any other dividend or distribution in the form of cash or a repurchase of shares of common stock that our board determines is special or extraordinary, or that is in connection with a
recapitalization or reorganization; or (d)&nbsp;any other event occurs that in the Administrator&#146;s judgment requires an adjustment to prevent dilution or enlargement of the benefits intended to be made available under the Omnibus Incentive
Plan, then the Administrator will, in a manner it deems equitable, adjust any or all of (1)&nbsp;the number and type of shares subject to the Omnibus Incentive Plan and which may, after the event, be made the subject of awards; (2)&nbsp;the number
and type of shares of common stock subject to outstanding awards; (3)&nbsp;the grant, purchase or exercise price with respect to any award; and (4)&nbsp;the performance goals of an award. In any such case, the Administrator may also provide for a
cash payment to the holder of an outstanding award in exchange for the cancellation of all or a portion of the award, subject to the terms of the Omnibus Incentive Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Administrator may, in connection with any merger, consolidation, acquisition of property or stock, or reorganization, authorize the issuance or assumption
of awards upon terms and conditions we deem appropriate without affecting the number of shares of common stock otherwise reserved or available under the Omnibus Incentive Plan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Change of Control </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To preserve a participant&#146;s
rights under an award in the event of a change of control (as defined in the Omnibus Incentive Plan), the Administrator in its discretion may, at the time an award is made or at any time thereafter, take one or more of the following actions:
(a)&nbsp;provide for the acceleration of any time period, or the deemed achievement of any performance goals, relating to the exercise or realization of the award; (b)&nbsp;provide for the purchase or cancellation of the award for an amount of cash
or other property that could have been received upon the exercise or realization of the award had the award been currently exercisable or payable (or the cancellation of awards in exchange for no payment to the extent that no cash or other property
would be received upon the exercise or realization of the award in such circumstances); (c) adjust the terms of the award in the manner determined by the Administrator to reflect the change of control; (d)&nbsp;cause the award to be assumed, or new
right substituted for the awards, by another entity; or (e)&nbsp;make such other provision as the Administrator may consider equitable and in the best interests of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A change of control is defined generally in the Omnibus Incentive Plan to include (a)&nbsp;certain unrelated persons acquiring beneficial ownership of
securities of the Company representing 20% or more of the number or voting power of our then-outstanding common stock (b)&nbsp;a change in the majority of our board (other than changes approved by 2/3 of the incumbent directors), (c) the
consummation of certain mergers, consolidations or share exchanges involving the Company that require the approval of our shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as
otherwise expressly provided in any agreement between us or one of our affiliates and a participant, if the receipt of any payment by the participant under the circumstances described above would result in the payment by the participant of any
excise tax provided for in Section&nbsp;280G and Section&nbsp;4999 of the Code, then the amount of the payment will be reduced to the extent required to prevent the imposition of the excise tax. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, our board may, in its sole and absolute discretion, amend, modify or rescind the change of control provisions of the Omnibus Incentive Plan if it
determines that the operation of the provisions may prevent a transaction in which we, one of our subsidiaries or one of our affiliates is a party from receiving desired tax treatment, including without limitation requiring that each participant
receive a replacement or substitute award issued by the surviving or acquiring corporation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Term of Plan </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless earlier terminated by our board, the Omnibus Incentive Plan will terminate on the 10th anniversary of its effective date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">77 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Termination and Amendment </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our board or the Administrator may amend, alter, suspend, discontinue or terminate the Omnibus Incentive Plan at any time, subject to the following
limitations: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our board must approve any amendment to the Omnibus Incentive Plan if we determine such approval is required by prior action of our board,
applicable corporate law, or any other applicable law; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stockholders must approve any amendment to the Omnibus Incentive Plan to the extent we determine
such approval is required by Section&nbsp;16 of the Exchange Act, the Code, the listing requirements of any principal securities exchange or market on which the shares are then traded, or any other applicable law; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stockholders must approve any amendment to increase materially the Omnibus Incentive Plan&#146;s share limits or any amendment to the Omnibus Incentive Plan
that would diminish the protections afforded by the repricing and backdating prohibitions of the Omnibus Incentive Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the requirements of
the Omnibus Incentive Plan, the Administrator may modify, amend or cancel any award, except that any modification or amendment (other than as provided in the Omnibus Incentive Plan or the applicable award agreement) that materially diminishes the
rights of a participant, or the cancellation of an award, will be effective only if agreed to by the participant or any other person who may then have an interest in the award. We need not obtain participant (or other interested party) consent for
any such action (a)&nbsp;that is permitted pursuant to the adjustment provisions of the Omnibus Incentive Plan; (b)&nbsp;pursuant to the Omnibus Incentive Plan&#146;s provisions concerning the consequences of a participant&#146;s engaging in any
action constituting cause for termination or breaching any award agreement or any other agreement with us or our affiliate concerning noncompetition, nonsolicitation, confidentiality, trade secrets, intellectual property, nondisparagement or similar
obligations; (c)&nbsp;to the extent we deem the action necessary to comply with any applicable law or the listing requirements of any principal securities exchange or market on which our common stock is then traded; (d)&nbsp;to the extent we deem
the action is necessary to preserve favorable accounting or tax treatment of any award for us; or (e)&nbsp;to the extent we determine that such action does not materially and adversely affect the value of an award or that such action is in the best
interest of the affected participant or any other persons as may then have an interest in the award. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Awards granted under the Omnibus Incentive Plan, and
any shares of our common stock or cash paid under an award, will be subject to any recoupment or clawback policy that is adopted by, or any recoupment or similar requirement otherwise made applicable by law, regulation or listing standards to, the
Company from time to time. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Repricing and Backdating Prohibited </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except for the adjustments provided for in the Omnibus Incentive Plan, neither the Administrator nor any other person may amend the terms of outstanding stock
options or SARs to reduce their exercise or grant price, cancel outstanding stock options or SARs in exchange for stock options or SARs with an exercise or grant price that is less than the exercise or grant price of the awards being cancelled, or
cancel outstanding stock options or SARs with an exercise or grant price above the current fair market value of a share in exchange for cash or other securities. In addition, the Administrator may not grant a stock option or SAR with a grant date
that is effective prior to the date the Administrator takes action to approve such award. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Long-Term Incentive Plans and Awards </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table provides information on vested and unvested restricted stock awards held by our board of directors and officers on December&nbsp;31, 2020.
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="61%"></TD>

<TD VALIGN="bottom" WIDTH="15%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="15%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Securities&nbsp;Underlying<BR>Restricted Shares</B><br><B># Unvested</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Securities&nbsp;Underlying<BR>Restricted Shares</B><br><B># Vested</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Benjamin Adams</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,666</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stuart Eisenberg</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Betsy Peck</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Patrick Quilty</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,666</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Richard Russell</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">550</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Options Grants during the Last Fiscal Year </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No individual grants of stock options, whether or not in tandem with stock appreciation rights known as SARs or freestanding SARs have been made to our
employees or board members since our inception; accordingly, no stock options have been granted or exercised by our directors or officers since we were founded. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">78 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Aggregated Options Exercises in Last Fiscal Year </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No individual grants of stock options, whether or not in tandem with stock appreciation rights known as SARs or freestanding SARs have been made to our
directors or officers since our inception; accordingly, no stock options have been granted or exercised by our directors or officers since we were founded. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Employment Contracts, Termination of Employment, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Change-In-Control</FONT></FONT>
Arrangements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>David Sobelman</I>. Effective December 20, 2019, we entered into an employment agreement with David Sobelman to serve as our Chief
Executive Officer, President and Secretary. The employment agreement is for a term of 5 years and shall automatically renew annually thereafter unless either party provides written notice of its intention not to extend the agreement at least ninety
days prior to the then termination date. Pursuant to the employment agreement, Mr.&nbsp;Sobelman will have an initial annual base salary of $100,000 (subject to increase or decrease at the discretion of our Board), will be eligible to earn an annual
bonus as determined by our Board and will be eligible to participate in any benefit programs in effect from time to time that are made available to similarly situated employees. In the event of a termination other than for &#147;Cause&#148;, as
defined below, Mr.&nbsp;Sobelman will be entitled to cash in the amount of his base salary and any bonus earned up to the date of termination. In addition, provided that he grants a release of claims to us, Mr.&nbsp;Sobelman would be entitled to
cash in the amount of his salary payable in monthly installments through the earlier of (1)&nbsp;the end of the initial term of the employment agreement and (2) 36 months after the 30<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day after
he is terminated. In the event of a termination for &#147;Cause&#148;, Mr.&nbsp;Sobelman will be entitled to cash in an amount equal to his base salary earned up to the date of termination. In the event of a termination due to death or disability,
Mr.&nbsp;Sobelman will be entitled to cash in an amount equal to his six months of his base salary payable in monthly installments thereafter. During his employment with us and for twelve months thereafter, Mr.&nbsp;Sobelman agreed not to compete
with us within the State of Florida or to solicit our employees or other related parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The employment agreement defines &#147;Cause&#148; as
(1)&nbsp;the commission of a willful act of dishonesty in the course of performing duties, (2)&nbsp;conviction by a court of competent jurisdiction of, or plea of no contest to, a crime constituting a felony or conviction in respect of, or plea of
no contest to, any act involving fraud, dishonesty or moral turpitude (3)&nbsp;the refusal to perform duties and responsibilities or to carry out the lawful directives of the Board, which, if capable of being cured shall not have been cured, within
30 days after we provide written notice of our intention to terminate his employment, or (4)&nbsp;material <FONT STYLE="white-space:nowrap">non-compliance</FONT> with the terms of the employment agreement, our policies, or any other agreement
between us, which, if capable of being cured, shall not have been cured within 30 days thereafter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Richard Russell. </I>Effective December 20, 2019,
we entered into an <FONT STYLE="white-space:nowrap">at-will</FONT> employment agreement with Richard Russell to serve as our Chief Financial Officer. Pursuant to the employment agreement, Mr.&nbsp;Russell will be paid $175 per hour, will be eligible
to earn discretionary bonuses and will be eligible to participate in an equity incentive plan to be established by us in the future. On February&nbsp;3, 2020, the Company granted Mr. Russell 6,250 shares of restricted stock vesting 1/3 annually
subject to continued service pursuant to a restricted stock award agreement. The employment agreement further provides that Mr.&nbsp;Russell shall not work more than 20 hours in any week without the prior written consent of our Chief Executive
Officer. Effective December 1, 2020, Mr. Russell&#146;s employment agreement was amended in which he waived his right to cash compensation in lieu of being awarded 550 restricted shares of common stock each month until the closing of an initial
underwritten public offering. During his employment with us and for twelve months thereafter, Mr.&nbsp;Russell agreed not to compete with us within the State of Florida or to solicit our employees or other related parties. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Indebtedness of Directors, Senior Officers, Executive Officers and Other Management </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">None of our directors or officers nor any of our associates or affiliates during the last two fiscal years is or has been indebted to us by way of guarantee,
support agreement, letter of credit or other similar agreement or understanding currently outstanding, except for Mr.&nbsp;Sobelman, who has guaranteed certain of our property-level indebtedness as described elsewhere in this prospectus. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Director Compensation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our
<FONT STYLE="white-space:nowrap">non-independent</FONT> directors do not receive cash compensation, but are reimbursed for reasonable <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses incurred.
There are no arrangements pursuant to which our <FONT STYLE="white-space:nowrap">non-independent</FONT> directors will be compensated in the future for any services provided as a director. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">79 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company granted 2,500 shares of restricted stock to each of Benjamin Adams and Patrick Quilty, vesting
1/3 annually subject to continued service with us, on July 15, 2019, pursuant to restricted stock award agreements. On February 3, 2020, the Company granted 2,500 shares of restricted stock to each of Betsy Peck and Stuart Eisenberg vesting 1/3
annually subject to continued service pursuant to restricted stock award agreements. We do not have any other agreements for compensating our directors for their services in their capacity as directors, although such current and future directors are
expected in the future to receive restricted shares or stock options to purchase shares of our common stock as awarded by our Board. No compensation was awarded to, earned by, or paid to our directors for services rendered in all capacities to us
for the period from January 1, 2017 to December 31, 2018. None of our directors has ever been paid any cash compensation. The following table summarizes all of the compensation earned by our directors for service as a director of the Company during
the year ended December 31, 2020. Benjamin Adams and Patrick Quilty did not receive any compensation in 2020 due to their prior restricted stock grant in 2019. </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="59%"></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fiscal&nbsp;Year</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fees&nbsp;Earned&nbsp;or</B><br><B>Paid in Cash</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock&nbsp;Awards&nbsp;(1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Benjamin Adams</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stuart Eisenberg</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Betsy Peck</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Patrick Quilty</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The amounts reported in this column represent the aggregate fair value of the stock awards, calculated in
accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Stock Compensation. Relevant assumptions used to determine these amounts include a $20.00 per share valuation with a 0% forfeiture rate.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">80 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_13"></A>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
</B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table sets forth the beneficial ownership of common stock as of August 23, 2021 by each of our executive officers and directors,
individually and as a group, and the present owners of 5% or more of our total outstanding shares. The table also reflects what the ownership will be assuming completion of the sale of all Units in this offering. To our knowledge, each person that
beneficially owns our common stock has sole voting and disposition power with regard to such shares. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beneficial ownership is determined in
accordance with the rules of the Securities and Exchange Commission. In computing the number of shares beneficially owned by a person and the percentage ownership of that person, shares of common stock subject to warrants or options held by that
person that are currently exercisable or exercisable within 60 days of the date for which beneficial ownership is being reported are deemed outstanding, but are not deemed outstanding for computing the percentage ownership of any other person. Our
unvested restricted shares do not have voting or dividend rights and are not transferable and are therefore not to be deemed to be owned by the holder thereof unless and until such shares are scheduled to vest within 60 days of the date for which
beneficial ownership is being reported. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beneficial ownership as reported below is based on 584,533 shares of common stock outstanding as of
August&nbsp;23, 2021, which excludes 23,167 shares of unvested restricted stock outstanding. The number of shares outstanding after the offering gives effect to the redemption of 112,500&nbsp;shares of outstanding common stock held by David Sobelman
on August&nbsp;23, 2021 that will be redeemed in connection with (and contingent upon) the completion of this offering, as further described below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated below, each person or entity listed below has an address in care of our principal executive offices at 401&nbsp;East Jackson
Street, Suite&nbsp;3300, Tampa, Florida 33602. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="74%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Prior&nbsp;to&nbsp;the&nbsp;Offering</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>After&nbsp;the&nbsp;Offering</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Name of Beneficial Owner</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of<BR>Shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percent<BR>of&nbsp;Class</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of<BR>Shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percent<BR>of&nbsp;Class</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">David Sobelman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225,004</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112,504<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Benjamin Adams<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,692</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,692</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Patrick Quilty<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Richard Russell<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,298</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,298</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Betsy Peck<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stuart Eisenberg<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">All Officers and Directors as a Group (6 persons)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234,327</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.1</TD>
<TD NOWRAP VALIGN="bottom">%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121,827</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">John Robert Sierra Sr. Revocable Family Trust</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225,000</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225,000</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.9</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kitty Talk, Inc.<SUP STYLE="font-size:85%; vertical-align:top"> (3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Represents beneficial ownership of less than 1%. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Excludes 833 shares of restricted common stock that was awarded July&nbsp;15, 2019, out of which 833 shares
will vest on July&nbsp;15, 2022. Excludes 2,500 shares of restricted common stock that was awarded January&nbsp;1, 2021 and is subject to annual vesting 1/3 per year over a term of three years. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Includes 50,000 shares of common stock issuable pursuant to currently exercisable warrants at an exercise price
of $20.00 per share until April&nbsp;17, 2026 and 50,000 shares of common stock issuable pursuant to currently exercisable warrants at an exercise price of $20.00 per share until November&nbsp;13, 2027. The business address of John Robert Sierra Sr.
Revocable Family Trust is 509&nbsp;Guisando de Avila, Suite 200, Tampa FL 33613. John Robert Sierra Sr. is the sole trustee of the trust and has sole voting and dispositive power over such shares. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The business address of Kitty Talk, Inc. is 400&nbsp;Beach Dr NE, Suite 2506, St Petersburg FL 33701. Steve
Westphal has sole voting and dispositive power over such shares. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Excludes 4,167 shares of restricted common stock that was awarded February 3, 2020, out of which 2,083 shares
will vest on February 3, 2022 and the rest 2,084 shares will vest on February&nbsp;3, 2023. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Excludes 1,667 shares of restricted common stock that was awarded February&nbsp;3, 2020, out of which 834
shares will vest on February&nbsp;3, 2022 and the rest 833 shares will vest on February&nbsp;3, 2023. Excludes 2,500 shares of restricted common stock that was awarded January 1, 2021 and is subject to annual vesting 1/3 per year over a term of
three years. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">We entered into an agreement with Mr.&nbsp;Sobelman to repurchase 112,500 shares of his shares of common stock
for an aggregate sum of $10.00 effective upon the execution of an underwriting agreement in connection with this offering (which agreement will be terminated if this offering is abandoned or not completed prior to September&nbsp;30, 2021).
</P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Change in Control </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are not
aware of any arrangement that might result in our change in control in the future. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_14"></A>CERTAIN RELATIONSHIPS AND
RELATED TRANSACTIONS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We do not have a formal written policy for the review and approval of transactions with related parties. Our unwritten policy
with regard to transactions with related persons is that all material transactions are to be reviewed by the entire Board for any possible conflicts of interest. The Board is responsible for review, approval, or ratification of&nbsp;
&#147;related-person transactions&#148; involving the Company and related persons. Our independent Board members will review any future transactions or agreements with Mr.&nbsp;Sobelman, or any other related party of Mr.&nbsp;Sobelman or the
Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With the exception of the transactions set forth below, the Company was not a party to any transaction in which a director, executive officer,
holder of more than five&nbsp;percent of our common stock, or any member of the immediate family of any such person has or will have a direct or indirect material interest and no such transactions are currently proposed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of August&nbsp;13, 2021, our President has personally guaranteed the repayment of up to fifty percent of the $3.4&nbsp;million loan secured by our Cocoa
Beach property, the repayment of the $11.2&nbsp;million due under the DC/Tampa/Huntsville loan, the $1.3&nbsp;million loan secured by our Tampa Sherwin Williams property and the $1.3&nbsp;million loan secured by our GSA Mateo NC property. The
aggregate guaranteed principal amount of these loans total approximately $18.1&nbsp;million. Our President has also provided a guaranty of the Borrower&#146;s nonrecourse carveout liabilities and obligations in favor of the lender for the Norfolk,
Virginia property loans, with an aggregate principal amount of approximately $12.9&nbsp;million, in favor of the lender for the Plant City, Florida property with an aggregate principal amount of approximately $0.9&nbsp;million, and in favor of the
lender for the Rockford, Illinois property with an aggregate principal amount of approximately $2.7&nbsp;million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the pending sale of
our Cocoa, Florida property, we are obligated to pay the Operating Partnership a cash acquisition fee equal to 1% of the sale price of the property upon the closing of the property. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">81 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our President faced conflicts of interest because he is our President and Chairman of the Board and owns and
serves as the managing member of 3 Properties, a real estate investment brokerage firm. The sellers of properties acquired by the Company had paid 3 Properties $0, $0, $230,224, $124,616 and $0 during the six months ended June&nbsp;30, 2021 and
years ended December 31, 2020, 2019, 2018 and 2017, respectively, in brokerage fees for the acquisition of four properties. The Company previously engaged 3 Properties to be its asset manager and has paid it $0, $40,135, $23,260, $2,191 and $0
during the six months ended June&nbsp;30, 2021 and years ended December 31, 2020, 2019, 2018 and 2017, respectively. Mr.&nbsp;Sobelman, together with his spouse, owns 100% of the outstanding membership interests in 3 Properties and is the managing
member of 3 Properties. We terminated the agreement with 3 Properties effective August 31, 2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On May 19, 2015 we issued 250,000 shares of our common
stock to Mr.&nbsp;Sobelman our President, Chief Executive Officer, and Chairman at $0.04 per share for aggregate proceeds of $10,000. Mr.&nbsp;Sobelman currently owns 225,004 shares of our common stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We purchased from GIP Fund I (an entity controlled by our CEO) a single tenant retail building (3,500 square feet) leased to The Sherwin-Williams Company and
located at 508 S. Howard Ave in Tampa, FL acquired in November 2020 for total consideration of approximately $1.8 million. The acquisition was funded by issuing approximately 24,309 common units in our Operating Partnership, priced at $20.00 per
unit, for a total value of $486,180 and the assumption of approximately $1.3 million of existing mortgage debt which is guaranteed by our CEO. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of the
date of this prospectus, there have been no other transactions, or any currently proposed transactions in which we are, or plan to be, a participant and in which any related person had or will have a direct or indirect material interest. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_15"></A>INVESTMENT POLICIES AND POLICIES WITH RESPECT TO CERTAIN ACTIVITIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a discussion of our investment policies and our policies with respect to certain other activities, including financing matters and conflicts
of interest. These policies may be amended or revised from time to time at the discretion of our Board, without a vote of our shareholders. Any change to any of these policies by our Board, however, would be made only after a thorough review and
analysis of that change, in light of then-existing business and other circumstances, and then only if, in the exercise of its business judgment, our Board believes that it is advisable to do so in our and our shareholders&#146; best interests. We
cannot assure you that our investment objectives will be attained. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investments in Real Estate or Interests in Real Estate </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We invest principally in freestanding, single-tenant retail, office and industrial properties located primarily in major U.S. cities, with an emphasis on the
major primary and coastal markets. We conduct substantially all of our investment activities through our Operating Partnership and its subsidiaries. Our primary investment objectives are to enhance shareholder value over time by generating strong
returns on invested capital, consistently paying attractive distributions to our shareholders and achieving long-term appreciation in the value of our retail, office and industrial properties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are no limitations on the amount or percentage of our total assets that may be invested in any one property or on the number or amount of mortgages that
may be places on any single piece of property. Additionally, no limits have been set on the concentration of investments in any one location or facility type. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investments in Mortgages, Structured Financings and Other Lending Policies </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have no current intention of investing in loans secured by properties or making loans to persons other than in connection with the acquisition of mortgage
loans through which we expect to achieve equity ownership of the underlying property in the near-term. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investments in Securities of or Interests in
Persons Primarily Engaged in Real Estate Activities and Other Issuers </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generally speaking, we do not expect to engage in any significant investment
activities with other entities, although we may consider joint venture investments with other investors. We may also invest in the securities of other issuers in connection with acquisitions of indirect interests in properties (normally general or
limited partnership interests in special purpose partnerships owning properties). We may in the future acquire some, all or substantially all of the securities or assets of REITs or similar entities where that investment would be consistent with our
investment policies and the REIT qualification requirements. There are no limitations on the amount or percentage of our total assets that may be invested in any one issuer, other than those imposed by the gross income and asset tests that we must
satisfy to qualify as a REIT. However, we do not anticipate investing in other issuers of securities for the purpose of exercising control or acquiring any investments primarily </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">82 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
for sale in the ordinary course of business or holding any investments with a view to making short-term profits from their sale. In any event, we do not intend that our investments in securities
will require us to register as an &#147;investment company&#148; under the Investment Company Act, and we intend to divest securities before any registration under the Investment Company Act would be required. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We do not intend to engage in trading, underwriting, agency distribution or sales of securities of other issuers. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Disposition Policy </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generally, we do not intend to engage
in the purchase and sale, or turnover, of investments. Although we have no current plans to dispose of any of the commercial properties we acquire, we will consider doing so, subject to REIT qualification and prohibited transaction rules under the
Code, if our management determines that a sale of a property would be in our interests based on the price being offered for the property, the operating performance of the property, the tax consequences of the sale and other factors and circumstances
surrounding the proposed sale. See &#147;Risk Factors&nbsp;&#151; Risks Related to Our Business and Properties.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have not disposed of any
properties acquired since our inception. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financing Policies </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our long-term goal is to maintain a lower-leverage capital structure and we intend to limit the sum of the outstanding principal amount of any consolidated
indebtedness and the liquidation preference of any outstanding preferred shares once we have built a substantial portfolio of assets. To date, financing decisions have been made based on capital available to us and we expect to continue in such
manner until we raise sufficient funds. Our Board will periodically review the sum of our outstanding principal amount of any consolidated indebtedness and the liquidation preference of any outstanding preferred shares and may modify or eliminate
any of our restrictions without the approval of our shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In seeking to obtain credit facilities in the future we consider factors as we deem
relevant, including interest rate pricing, recurring fees, flexibility of funding, security required, maturity, restrictions on prepayment and refinancing and restrictions impacting our daily operations. There can be no assurance that we will be
able to obtain future credit facilities on favorable terms or at all. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Going forward, we will consider a number of factors when evaluating our level of
indebtedness and making financial decisions, including, among others, the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the interest rate of the proposed financing; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the extent to which the financing impacts the flexibility with which we asset manage our properties;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">prepayment penalties and restrictions on refinancing; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the purchase price of properties we acquire with debt financing; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our long-term objectives with respect to the financing; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our target investment returns; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the ability of particular properties, and the Company as a whole, to generate cash flow sufficient to cover
expected debt service payments; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">overall level of consolidated indebtedness; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">timing of debt maturities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">provisions that require recourse and cross-collateralization; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">corporate credit ratios, including debt service or fixed charge coverage, debt to EBITDA, debt to total market
capitalization and debt to undepreciated assets; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the overall ratio of fixed- and variable-rate debt. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">83 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Equity Capital Policies </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to applicable law, our Board has the authority, without further shareholder approval, to issue additional common stock and preferred shares or
otherwise raise capital, including through the issuance of senior securities, in any manner and on the terms and for the consideration it deems appropriate, including in exchange for property. Existing shareholders will have no preemptive right to
additional shares issued in any offering, and any offering might dilute the ownership of our current investors. We may in the future issue common stock in connection with acquisitions. We also may issue common units in our Operating Partnership in
exchange for acquiring property. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our Board may authorize the issuance of preferred shares with terms and conditions that could have the effect of
delaying, deterring or preventing a transaction or a change in control of the Company that might involve a premium price for holders of our common stock or otherwise might be in their best interests. Additionally, preferred shares could have
distribution, voting, liquidation and other rights and preferences that are senior to those of our common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may, under certain circumstances,
purchase common or preferred shares in the open market or in private transactions with our shareholders, if those purchases are approved by our Board. Our Board has no present intention of causing us to repurchase any shares, and any action would
only be taken in conformity with applicable federal and state laws and the applicable requirements for qualifying as a REIT if the Board elects to so qualify the Company. We do not currently have a share purchase plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the future, we may institute a dividend reinvestment plan (&#147;DRIP&#148;), which would allow our shareholders to acquire additional common stock by
automatically reinvesting their cash dividends. Shareholders who do not participate in the plan will continue to receive cash distributions as declared. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Communications with Investors </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We anticipate that we will
provide stockholders with periodic updates on the performance of their investment with us including: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an annual report to shareholders, including financial statements certified by independent public accountants in
accordance with SEC rules; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">quarterly and current event reports as required by SEC rules; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an annual IRS Form 1099. </P></TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_16"></A>DESCRIPTION OF SECURITIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>The following summary of certain provisions of our securities does not purport to be complete and is subject to and is qualified in its entirety by our
articles of incorporation and bylaws. This description is only a summary. For more detailed information, you should refer to the exhibits to the registration statement. See &#147;Where You Can Find More Information.&#148; </I></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our articles of incorporation provide that
we may issue up to 100,000,000 shares of common stock, $0.01&nbsp;par value per share and 10,000,000 shares of preferred stock, $0.01 par value per share. Our articles of incorporation authorizes our Board to amend our articles of incorporation to
increase or decrease the aggregate number of authorized shares or the number of shares of any class or series without shareholder approval. On October 12, 2020, we effected a one-for-four reverse split of our common stock, or the Reverse Split.
Unless otherwise specified or the context otherwise indicates, the information contained in this prospectus has been adjusted to give effect to the Reverse Split. As of August 23, 2021, we had 582,867 shares of common stock issued and outstanding
held by 134 shareholders of record and no preferred stock was issued or outstanding. In addition, we had 100,000 warrants outstanding to purchase up to 100,000 shares of our common stock at an exercise price of $20.00 per share. The warrants are
currently exercisable at a price of $20.00 per share of common stock, subject to adjustment in certain circumstances, and 50,000 will expire on April&nbsp;17, 2026 and 50,000 will expire November&nbsp;12, 2027. Under Maryland law, shareholders are
not personally liable for the obligations of a company solely as a result of their status as shareholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">84 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Units</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each Unit consists of one share of our common stock and one Warrant to purchase one share of our common stock. The Units will begin trading on or promptly
after the date of this prospectus. We expect the common stock and Warrants comprising the Units will begin separate trading, and that the Units will cease trading, on the 31st day following the date of this prospectus unless Maxim Group LLC, the
representative of the underwriters, informs us of its decision to allow earlier separate trading. If that occurs, the common stock and Warrants will begin trading separately only after we have filed a Current Report on Form 8-K with the SEC and
issued a press release announcing when the separate trading will begin. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Common Stock </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All of the common stock offered in this offering will be duly authorized, fully paid and nonassessable. Subject to the preferential rights, if any, of holders
of any other class or series of shares of stock and to the provisions of our articles of incorporation regarding the restrictions on ownership and transfer of shares of stock, holders of our common stock are entitled to receive distributions on such
shares of stock out of assets legally available therefor if, as and when authorized by our Board and declared by us, and the holders of our common stock are entitled to share ratably in our assets legally available for distribution to our
shareholders in the event of our liquidation, dissolution or winding up after payment of or adequate provision for all of our known debts and liabilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the provisions of our articles of incorporation regarding the restrictions on ownership and transfer of common stock and except as may otherwise be
specified in the terms of any class or series of common stock, each outstanding common share entitles the holder to one vote on all matters submitted to a vote of shareholders, including the election of directors, and, except as provided with
respect to any other class or series of shares of stock, the holders of such common stock will possess the exclusive voting power. There is no cumulative voting in the election of our directors, which means that the affirmative vote of shareholders
entitled to cast a majority of the votes entitled to be cast in the election of directors can elect all of the directors then standing for election, and the remaining shareholders will not be able to elect any directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Holders of common stock have no preference, conversion, exchange, sinking fund, redemption or appraisal rights and have no preemptive rights to subscribe for
any of our securities. Subject to the restrictions on ownership and transfer of shares contained in our articles of incorporation and the terms of any other class or series of common stock, all of our common stock will have equal dividend,
liquidation and other rights. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Warrants Offered in the Units in this Offering </B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Overview</I>. The following summary of certain terms and provisions of the Warrants offered hereby is not complete and is subject to, and qualified in its
entirety by, the provisions of the warrant agent agreement between us the Warrant Agent, and the form of Warrant, both of which are filed as exhibits to the registration statement of which this prospectus is a part. Prospective investors should
carefully review the terms and provisions set forth in the warrant agent agreement, including the annexes thereto, and form of Warrant. The Warrants issued in this offering entitle the registered holder to purchase one share of our common stock at a
price equal to 100% of the offering price per Unit in this offering, subject to adjustment as discussed below, upon the first separate trading date of the Warrants and terminating at 5:00&nbsp;p.m., New York City time, five years after the closing
of this offering. As described below, the Warrants have been approved for listing on the Nasdaq Capital Market under the symbol &#147;GIPRW.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Exercisability</I>. The Warrants are exercisable at any time after the warrants first become separately traded and at any time up to the date that is five
years after their original issuance. The warrants may be exercised upon surrender of the warrant certificate on or prior to the expiration date at the offices of the Warrant Agent, with the exercise form on the warrant certificate completed and
executed as indicated. If we fail to maintain the effectiveness of the registration statement and current prospectus relating to the common stock issuable upon exercise of the Warrants, the holders of the Warrants shall have the right to exercise
the Warrants solely via a cashless exercise feature provided for in the Warrants, until such time as there is an effective registration statement and current prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Exercise Limitation</I>. A holder (together with its affiliates) may not exercise any portion of the warrant to the extent that the holder would own more
than 4.99% (or, at the election of the holder, 9.8%) of the outstanding common stock immediately after exercise, except that upon at least 61 days&#146; prior notice from the holder to us, the holder may increase the amount of ownership of
outstanding stock after exercising the holder&#146;s warrants up to 9.8% of the number of shares of our common stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms
of the warrants. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Exercise Price</I>. The exercise price per whole share of our common stock purchasable upon the exercise of the Warrants is 100% of
the public offering price per Unit in this offering. The warrants will be exercisable upon the first separate trading date of the Warrants and may be exercised at any time up to the date that is five years after their original issuance. The exercise
price of the warrants is subject to appropriate adjustment in the event of certain stock dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting our common stock and also upon any distribution of
assets, including cash, stock or other property to our stockholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Cashless Exercise</I>. If, at any time after the Warrants first become
exercisable, a holder of the Warrants exercises the Warrants and a registration statement registering the issuance of the shares of common stock underlying the Warrants under the Securities Act is not then effective or available (or a prospectus is
not available for the resale of shares of common stock underlying the Warrants), then in lieu of making the cash payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price, the holder shall instead
receive upon such exercise (either in whole or in part) only the net number of shares of common stock determined according to a formula set forth in the Warrants. In addition, after 120 days after the Warrants are issued in this offering, any
Warrant may be exercised on a cashless basis for 10% of the shares underlying the Warrant if the volume-weighted average trading price of our shares of common stock on Nasdaq is below the then-effective exercise price of the Warrant for 10
consecutive trading days. Notwithstanding anything to the contrary, in the event we do not have or maintain an effective registration statement, there are no circumstances that would require us to make any cash payments or net cash settle the
Warrants to the holders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Fractional Shares</I>. No fractional shares of common stock will be issued upon exercise of the Warrants. If, upon exercise
of the Warrant, a holder would be entitled to receive a fractional interest in a share, we will, upon exercise and at our option, pay a cash adjustment in respect of such fraction in an amount equal to such fraction multiplied by the exercise price
or round up to the next whole share. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Transferability</I>. Subject to applicable laws, the Warrants may be offered for sale, sold, transferred or
assigned at the option of the holder without our consent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Exchange Listing</I>. The Warrants have been approved for listing on the Nasdaq Capital
Market under the symbol &#147;GIPRW.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Fundamental Transactions</I>. In the event of a fundamental transaction, as described in the Warrants and
generally including any reorganization, recapitalization or reclassification of our common stock, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another
person, the acquisition of more than 50% of our outstanding common stock, or any person or group becoming the beneficial owner of 50% of the voting power represented by our outstanding common stock, the holders of the Warrants will be entitled to
receive upon exercise of the warrants the kind and amount of securities, cash or other property that the holders would have received had they exercised the warrants immediately prior to such fundamental transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Rights as a Stockholder</I>. Except by virtue of such holder&#146;s ownership of shares of our common stock, the holder of a Warrant, with certain limited
exceptions (such as the right to receive non-cash dividends), does not have the rights or privileges of a holder of our common stock, including any voting rights, until the holder exercises the Warrant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Exclusive Forum. </I>All questions concerning the construction, validity, enforcement and interpretation of the Warrants shall be governed by and construed
and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof. The Warrant provides that all legal proceedings concerning the interpretations, enforcement and defense of the
transactions contemplated by the Warrant (whether brought against a party hereto or their respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal
courts sitting in the City of New York. Although this exclusive forum provision applies to federal securities law claims, the Warrant provides that nothing in the Warrant limits or restricts the federal district court in which a holder of a Warrant
may bring a claim under the federal securities laws. In addition, investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder, and the Securities Act of 1933, as amended, creates concurrent
jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by such act or the rules and regulations thereunder. Also, a court may find the exclusive forum provisions in the Warrants otherwise
unenforceable with respect to one or more specified types of actions or legal proceedings, and in such case, we may incur additional costs associated with resolving such matters in other jurisdictions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Representative&#146;s Warrants</I>. The registration statement of which this prospectus is a part also registers for sale the Representative&#146;s
Warrants, as a portion of the underwriting compensation in connection with this offering. The Representative&#146;s Warrants will be exercisable for four and one-half year period commencing 180 days following the effective date of the registration
statement of which this prospectus is a part at an exercise price of $13.75 (125% of the assumed public offering price per Unit). Please see &#147;Underwriting&#151;Representative&#146;s Warrants&#148; for a description of the warrants we have
agreed to issue to the representative of the underwriter in this offering, subject to the completion of the offering. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>No Appraisal Rights </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As permitted by Maryland law, our charter provides that stockholders will not be entitled to exercise appraisal rights unless a majority of our board of
directors determines that appraisal rights apply, with respect to all or any classes or series of stock, to one or more transactions occurring after the date of such determination. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Power to Reclassify Our Unissued Shares of Stock </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our
articles of incorporation authorize our Board to classify and reclassify any unissued common or preferred shares into other classes or series of shares of stock. Prior to the issuance of shares of each class or series, our Board is required by
Maryland law and by our articles of incorporation to set, subject to the provisions of our articles of incorporation regarding the restrictions on ownership and transfer of shares of stock, the preferences, conversion or other rights, voting powers,
restrictions, limitations as to dividends or other distributions, qualifications and terms or conditions of redemption for each class or series. Therefore, our board could authorize the issuance of common stock or preferred shares that have priority
over our common stock as to voting rights, dividends or upon liquidation or with terms and conditions that could have the effect of delaying, deferring or preventing a change in control or other transaction that might involve a premium price for our
common stock or otherwise be in the best interests of our shareholders. No preferred shares are presently outstanding, and we have no present plans to issue any preferred shares. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Power to Increase or Decrease Authorized Shares of Stock and Issue Additional Common Stock and Preferred Shares </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that the power of our Board to amend our articles of incorporation to increase or decrease the number of authorized shares of stock, to authorize us
to issue additional authorized but unissued common stock or preferred shares and to classify or reclassify unissued common stock or preferred shares and thereafter to issue such classified or reclassified shares of stock will provide us with
increased flexibility in structuring possible future financings and acquisitions and in meeting other needs that might arise. The additional classes or series, as well as the common stock, will be available for issuance without further action by our
shareholders, unless such action is required by applicable law or the rules of any stock exchange or automated quotation system on which our securities may be listed or traded. Although our Board does not intend to do so, it could authorize us to
issue a class or series that could, depending upon the terms of the particular class or series, delay, defer or prevent a change in control or other transaction that might involve a premium price for our common stock or otherwise be in the best
interests of our shareholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">85 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Restrictions on Ownership and Transfer </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For us to qualify as a REIT under the Code, our shares of stock must be beneficially owned by 100 or more persons during at least 335&nbsp;days of a taxable
year of 12&nbsp;months (other than the first year for which an election to be a REIT has been made) or during a proportionate part of a shorter taxable year. Also, not more than 50% of the value of our outstanding shares of stock may be owned,
directly or indirectly, by five or fewer individuals (as defined in the Code to include certain entities) during the last half of a taxable year (other than the first year for which an election to be a REIT has been made). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our articles of incorporation, subject to certain exceptions, restricts the amount of our shares of stock that a person may beneficially or constructively
own. Our articles of incorporation provides that, subject to certain exceptions, no person may beneficially or constructively own more than 9.8% in value or in number of shares, whichever is more restrictive, of the outstanding shares of any class
or series of our shares of stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our articles of incorporation also prohibits any person from (i)&nbsp;beneficially owning shares of stock to the extent
that such beneficial ownership would result in our being &#147;closely held&#148; within the meaning of Section&nbsp;856(h) of the Code (without regard to whether the ownership interest is held during the last half of the taxable year but otherwise
not applying until June&nbsp;15 of the second year for which we will file tax returns to be taxed as a REIT), (ii)&nbsp;transferring our shares of stock to the extent that such transfer would result in our shares of stock being beneficially owned by
less than 100&nbsp;persons (determined under the principles of Section&nbsp;856(a)(5) of the Code), (iii)&nbsp;beneficially or constructively owning our shares of stock to the extent such beneficial or constructive ownership would cause us to
constructively own ten percent (10%) or more of the ownership interests in a tenant (other than a taxable REIT subsidiary &#147;TRS&#148;) of our real property within the meaning of Section&nbsp;856(d)(2)(B) of the Code to the extent the income
derived by us from such tenant would cause us to fail to satisfy any of the gross income requirements of Section&nbsp;856(c) of the Code or (iv)&nbsp;beneficially or constructively owning or transferring our shares of stock if such ownership or
transfer would otherwise cause us to fail to qualify as a REIT under the Code. Any person who acquires or attempts or intends to acquire beneficial or constructive ownership of our shares of stock that will or may violate any of the foregoing
restrictions on transferability and ownership, or any person who would have owned our shares of stock that resulted in a transfer of shares to a charitable trust, is required to give written notice immediately to us, or in the case of a proposed or
attempted transaction, to give at least 15&nbsp;days&#146; prior written notice, and provide us with such other information as we may request in order to determine the effect of such transfer on our status as a REIT. The foregoing restrictions on
transferability and ownership will not apply if our Board determines that it is no longer in our best interests to attempt to qualify, or to continue to qualify, as a REIT. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our Board, in its sole discretion, may prospectively or retroactively exempt a person from the limits described in the paragraph above and may establish or
increase an excepted holder percentage limit for such person. The person seeking an exemption must provide to our Board such representations, covenants and undertakings as our Board may deem appropriate in order to conclude that granting the
exemption will not cause us to lose our status as a REIT. Our Board may not grant such an exemption to any person if such exemption would result in our failing to qualify as a REIT. Our Board may require a ruling from the IRS or an opinion of
counsel, in either case in form and substance satisfactory to the Board, in its sole discretion, in order to determine or ensure our status as a REIT. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our Board has waived these limits for Mr.&nbsp;Sobelman, who currently owns 225,004 shares of our common stock. Given that we do not know how many shares will
be purchased pursuant to this offering, or whether there will be additional shares issued outside this offering before the date on which the &#147;closely held&#148; ownership test must be met, we do not know what percentage of our shares
Mr.&nbsp;Sobelman will own or be treated as owning when the test is applied. Our Board does not intend to reduce our ownership limit below 9.8% to a percentage that will ensure that four persons owning shares at such limit plus Mr.&nbsp;Sobelman
will not own or be treated as owning more than 50% of our shares. Instead, the Board&#146;s waiver to Mr.&nbsp;Sobelman is conditioned upon his agreement that if we would otherwise fail the closely held test, and Mr.&nbsp;Sobelman owns greater than
9.8% of our common stock, we will automatically redeem, as of the day before we are first required to satisfy the &#147;closely held&#148; ownership test, such number of Mr.&nbsp;Sobelman&#146;s shares for consideration of $0.01 per share as will
permit us to satisfy the &#147;closely held&#148; test. Our Board has also waived the ownership limits for the John Robert Sierra Sr. Revocable Family Trust, who currently owns 125,000 shares of our common stock and currently exercisable warrants to
purchase 100,000 shares of our common stock. There is no redemption agreement between us and the John Robert Sierra Sr. Revocable Family Trust. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any
attempted transfer of our shares of stock which, if effective, would violate any of the restrictions described above will result in the number of shares causing the violation (rounded up to the nearest whole share) to be automatically transferred to
a trust for the exclusive benefit of one or more charitable beneficiaries, except that any transfer that results in the violation of the restriction relating to our shares of stock being beneficially owned by fewer than 100 persons will be void from
the time of such purported transfer and the proposed transferee will not acquire any rights in such shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These ownership limitations could delay,
defer or prevent a transaction or a change in control that might involve a premium price for our common stock or otherwise be in the best interest of our shareholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">86 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECURITIES ELIGIBLE FOR FUTURE SALE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our shares are approved to be quoted on the OTCQB Venture Market under the symbol &#147;GIPR&#148;. The Units have been approved for listing on the Nasdaq
Capital Market under the symbol &#147;GIPRU.&#148; We expect the common stock and Warrants comprising the Units will begin separate trading, and the Units will cease trading, on the 31st day following the date of this prospectus unless Maxim Group
LLC, the representative of the underwriters, informs us of its decision to allow earlier separate trading. Once the securities comprising the Units begin separate trading, the common stock and Warrants will be listed on the Nasdaq under the symbols
&#147;GIPR&#148; and &#147;GIPRW,&#148; respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We cannot predict the effect, if any, that any subsequent sales of Units, common stock or Warrants
after this offering, or the availability of shares for sale in the future will have on the market price of our common stock prevailing from time to time. At any time, sales of substantial amounts of Units, our common stock or Warrants in the public
market, or the perception that such sales could occur, could adversely affect the prevailing market price of our Units, common stock or Warrants. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No
assurance can be given as to the likelihood that an active trading market for our Units, common stock or Warrants will develop or be maintained, that any such market will be liquid, that purchasers will be able to sell the Units, common stock or
Warrants when issued or at all or the prices that purchasers may obtain for any of the common stock or Warrants when subsequently sold. No prediction can be made as to the effect, if any, that future issuances of common stock or the availability of
common stock for future issuances will have on the market price of our common stock or Warrants prevailing from time to time, issuances of substantial amounts of common stock, or the perception that such issuances could occur, may affect adversely
the prevailing market price of our common stock or Warrants. See &#147;Risk Factors&nbsp;&#151; Risks Related to This Offering.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Units, common
stock and Warrants sold in this offering will be freely tradable without restriction for stockholders who are not considered to be an affiliate of ours. As defined in Rule&nbsp;144, an &#147;affiliate&#148; of an issuer is a person that directly, or
indirectly through one or more intermediaries, controls, is controlled by or is under common control with the issuer. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rule&nbsp;144 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In general, Rule&nbsp;144 provides that if (i)&nbsp;one year has elapsed since the date of acquisition of common stock from us or any of our affiliates and
(ii)&nbsp;the holder is, and has not been, an affiliate of ours at any time during the three months preceding the proposed sale, such holder may sell such common stock in the public market under Rule&nbsp;144(b)(1) without regard to the volume
limitations, manner of sale provisions, public information requirements or notice requirements under such rule. In general, Rule&nbsp;144 also provides that if (i)&nbsp;six months have elapsed since the date of acquisition of common stock from us or
any of our affiliates, (ii)&nbsp;we have been a reporting company under the Exchange Act for at least 90&nbsp;days and (iii)&nbsp;the holder is not, and has not been, an affiliate of ours at any time during the three months preceding the proposed
sale, such holder may sell such common stock in the public market under Rule&nbsp;144(b)(1) subject to satisfaction of Rule&nbsp;144&#146;s public information requirements, but without regard to the volume limitations, manner of sale provisions or
notice requirements under such rule. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, under Rule&nbsp;144, if (i)&nbsp;one year (or, subject to us being a reporting company under the
Exchange Act for at least the preceding 90&nbsp;days, six months) has elapsed since the date of acquisition of common stock from us or any of our affiliates and (ii)&nbsp;the holder is, or has been, an affiliate of ours at any time during the three
months preceding the proposed sale, such holder may sell such common stock in the public market under Rule&nbsp;144(b)(1) subject to satisfaction of Rule&nbsp;144&#146;s volume limitations, manner of sale provisions, public information requirements
and notice requirements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stock Transfer Agent </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
have engaged VStock LLC as our transfer agent and Warrant Agent. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_17"></A>PRIOR PERFORMANCE SUMMARY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information presented in this Prior Performance Summary represents the summary historical experience of real estate programs sponsored by our President,
Chief Executive Officer, and Chairman of the Board and affiliates (&#147;our sponsor&#148;) with the Prior Performance Tables included in this prospectus as Exhibit 99.1 through December 31, 2020. The purpose of this prior performance information is
to enable you to evaluate accurately our sponsor&#146;s experience with like programs. The following discussion is intended to summarize briefly the objectives and performance of the prior real estate programs and to disclose any material adverse
business developments sustained by them. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">87 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our President, Mr.&nbsp;Sobelman, has sponsored one program, GIP Fund 1, LLC (&#147;GIP Fund 1&#148;) formed
for the purpose of acquiring and operating commercial real estate properties, consisting of net lease properties in the United States. The program is a private program and has no public reporting requirements. We define such a program as a fund in
which passive investors pool their money and rely on the efforts of our sponsor to manage the fund and to acquire real estate that was not identified at the time of the commencement of the fund&#146;s offering. Investors in the Company should not
assume that they will experience returns comparable to those experienced by investors in this prior real estate program. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">GIP Fund 1, a private real
estate fund, had certain investment objectives similar to ours, including the acquisition and operation of commercial properties; the provision of stable cash flow available for distribution to our investors; preservation and protection of capital;
and the realization of capital appreciation in the event of an ultimate sale of any properties. GIP Fund 1 focused on acquiring single tenant properties essential to the business operations of the tenant; located in primary markets; leased to
tenants with stable and/or improving credit quality; and subject to long-term leases with defined rental rate increases or with short-term leases with high-probability renewal and potential for increasing rent. GIP Fund 1 engaged in a private
offering in January 2013 to accredited investors only pursuant to Section&nbsp;4(a)(2) of the Securities Act of 1933, as amended, and raised approximately $940,000 through the issuance of member units. GIP Fund 1 closed its round of financing in
December of 2013 to acquire one real estate property. Using a combination of debt and cash consisting of 97% of the offering proceeds, GIP Fund 1 acquired one existing property in Tampa, Florida for a purchase price of approximately
$1.6&nbsp;million. GIP Fund 1 is no longer active in acquiring more properties. GIP Fund 1 disposed of its sole property on November 30, 2020 by exchanging 100% of its partnership interests to GIP LP in exchange for 24,309 units in GIP LP. Following
our acquisition of this property, GIP Fund I was liquidated, and following such liquidation, Mr. Sobelman became the direct owner of an approximately 0.272% interest in GIP LP. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The asset that was in this program is categorized as indicated in the chart below. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Tenant:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Sherwin-Williams</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Location:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="white-space:nowrap">504-508</FONT> South Howard Avenue <BR>Tampa, Florida 33606</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Square Footage:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">3,500 square feet</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Land Area:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1/5 acre</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Asset Class:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Retail</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">No. of Stories:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Single-Story</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Lease Type:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Net lease</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The property is a 3,500 square foot, Class&nbsp;A single standing building, located in Tampa, Florida. The property is leased
to and occupied in its entirety by Sherwin-Williams. The property serves as a retail location for Sherwin-Williams, pursuant to a long-term, net lease which expires on July&nbsp;31, 2028. The Sherwin-Williams Company is a public company and the
largest paint manufacturer in the United States. Sherwin-Williams makes a wide variety of paints, coatings, finishes, applicators, and varnishes for the architectural, industrial, marine, and automotive markets, selling its products under the brand
names Dutch Boy, Pratt&nbsp;&amp; Lambert, Sherwin-Williams, Red Devil, Krylon, Martin-Senour, Thompson&#146;s, and Miniwax. The products are sold at wholesale branches, home centers, independent retailers, mass merchandisers, and through a network
of company-operated paint stores. Sherwin-Williams operates more than 3,000 stores in the United States, Canada, the Virgin Islands, and Puerto Rico. Distribution conducted through the company&#146;s global group extends its reach into South
America, Jamaica, the United Kingdom, Europe, and China. The company employs approximately 39,000 people. The asset was refinanced in 2018 and the valuation used by the lender was $2,400,000. Upon the refinancing, the Fund returned 100% of the
investors&#146; principal ($940,000) as a distribution and the investors retain their interest in the Fund. GIP Fund 1 disposed of its sole property on November 30, 2020 by exchanging 100% of its partnership interests to GIP LP in exchange for
24,309 units in GIP LP. Following our acquisition of this property, GIP Fund I was liquidated, and following such liquidation, Mr. Sobelman became the direct owner of an approximately 0.272% interest in GIP LP. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As applicable, the Prior Performance Tables set forth information as of the dates indicated regarding our sponsor in connection with: (1)&nbsp;compensation to
sponsor (Table II); (2)&nbsp;operating results of prior programs (Table III); (3) results of completed programs (Table&nbsp;IV) and (4) sales or disposals of properties (Table V). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_18"></A>OUR OPERATING PARTNERSHIP AND THE PARTNERSHIP AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>The following summary of the terms of the agreement of limited partnership of our Operating Partnership does not purport to be complete and is subject to
and qualified in its entirety by reference to the Agreement of Limited Partnership of Generation Income Properties, L.P., a copy of which is filed as an exhibit to the registration statement of which this prospectus is a part. See &#147;Where You
Can Find More Information.&#148; </I></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Management </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
are the sole general partner of our Operating Partnership, which is organized as a Delaware limited partnership. We conduct substantially all of our operations and make substantially all of our investments through the Operating Partnership. Pursuant
to the partnership agreement, we have full, exclusive and complete responsibility and discretion in the management and control of the Operating Partnership, including the ability to cause the Operating Partnership to enter into certain major
transactions including acquisitions, dispositions, refinancing and selection of lessees, make distributions to partners, and to cause changes in the Operating Partnership&#146;s business activities. Pursuant to the partnership agreement, the limited
partners in the Operating Partnership may not remove us as general partner, with or without cause. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">88 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Capital Contribution </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will contribute, directly, to our Operating Partnership substantially all of the net proceeds of this offering as a capital contribution in exchange for
common units in our Operating Partnership. The partnership agreement provides that if the Operating Partnership requires additional funds at any time in excess of funds available to the Operating Partnership from borrowing or capital contributions,
we may borrow such funds from a financial institution or other lender and lend such funds to the Operating Partnership on the same terms and conditions as are applicable to our borrowing of such funds. Under the partnership agreement, we are
obligated to contribute the net proceeds of any future offering of shares as additional capital to the Operating Partnership. If we contribute additional capital to the Operating Partnership, we will receive additional common units in the Operating
Partnership and our percentage interest will be increased on a proportionate basis based upon the amount of such additional capital contributions and the value of the Operating Partnership at the time of such contributions. Conversely, the
percentage interests of the limited partners will be decreased on a proportionate basis in the event of additional capital contributions by us. In addition, if we contribute additional capital to the Operating Partnership, we will revalue the
property of the Operating Partnership to its fair market value (as determined by us) and the capital accounts of the partners will be adjusted to reflect the manner in which the unrealized gain or loss inherent in such property (that has not been
reflected in the capital accounts previously) would be allocated among the partners under the terms of the partnership agreement if there were a taxable disposition of such property for its fair market value (as determined by us) on the date of the
revaluation. The Operating Partnership may issue preferred units, in connection with acquisitions of property or otherwise, which could have priority over common units with respect to distributions from the Operating Partnership, including the
common units we own. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Redemption Rights </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to
the partnership agreement, any future limited partners, other than us, will receive redemption rights, which will enable them to cause the Operating Partnership to redeem their common units in exchange for cash or, at our option, common stock on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">one-for-one</FONT></FONT> basis. The cash redemption amount per unit is based on the market price of our common stock at the time of redemption. The number of common stock issuable upon
redemption of common units held by limited partners may be adjusted upon the occurrence of certain events such as share dividends, share subdivisions or combinations. We expect to fund any cash redemptions out of available cash or borrowings.
Notwithstanding the foregoing, a limited partner will not be entitled to exercise its redemption rights if the delivery of common stock to the redeeming limited partner would: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">result in any person owning, directly or indirectly, common stock in excess of the share ownership limit in our
articles of incorporation; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">result in our common stock being owned by fewer than 100 persons (determined without reference to any rules of
attribution); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">result in our being &#147;closely held&#148; within the meaning of Section&nbsp;856(h) of the Code;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">cause us to own, actually or constructively, 10% or more of the ownership interests in a tenant (other than a
TRS) of ours, the Operating Partnership&#146;s or a subsidiary partnership&#146;s real property, within the meaning of Section&nbsp;856(d)(2)(B) of the Code; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">cause us to fail to qualify as a REIT under the Code; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">cause the acquisition of common stock by such redeeming limited partner to be &#147;integrated&#148; with any
other distribution of common stock for purposes of complying with the registration provisions of the Securities Act. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may, in our
sole and absolute discretion, waive any of these restrictions. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On September&nbsp;30, 2019, as part of two acquisitions, we issued 349,913 common
units in our Operating Partnership in exchange for acquiring two properties in Norfolk, Virginia and on November&nbsp;30, 2020 we issued 24,309 common units in our Operating Partnership in exchange for acquiring one property in Tampa, Florida.
Following these transactions, as of August 23, 2021, we own 60.9% of the common units in the Operating Partnership and outside investors own 39.1%. Since September&nbsp;30, 2020, each limited partner from the September 30, 2019 transaction has had,
and beginning on November 30, 2022 the limited partner from the November&nbsp;30, 2020 transaction will have, the option to require the Operating Partnership to redeem all or a portion of the 374,222 common units for either (i)&nbsp;the Redemption
Amount (as defined in the Operating Partnership&#146;s Partnership Agreement), or (ii)&nbsp;until November&nbsp;30, 2021 for 349,913 common units or January 1, 2025 for 24,309 common units, cash in an agreed-upon Value (as defined in the Operating
Partnership&#146;s Partnership Agreement) of $20.00 per common unit. The Redemption Amount will vary depending on the closing price of our shares, but if the limited partners elect option (ii), they would receive the approximate value the limited
partner was deemed to have contributed to the Operating Partnership. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">89 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the future we may issue additional common units in our Operating Partnership in exchange for acquiring
net lease properties or we may issue LTIP units in connection with an equity incentive plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The partnership agreement requires that the Operating
Partnership be operated in a manner that enables us to satisfy the requirements for being classified as a REIT, to avoid any federal income or excise tax liability imposed by the Code (other than any federal income tax liability associated with our
retained capital gains) and to ensure that the partnership will not be classified as a &#147;publicly traded partnership&#148; taxable as a corporation under Section&nbsp;7704 of the Code. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Distributions </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The partnership agreement provides that
the Operating Partnership will distribute cash from operations (including net sale or refinancing proceeds, but excluding net proceeds from the sale of the Operating Partnership&#146;s property in connection with the liquidation of the Operating
Partnership) at such time and in such amounts as determined by us in our sole discretion, to us and the limited partners in accordance with their respective percentage interests in the Operating Partnership. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon liquidation of the Operating Partnership, after payment of, or adequate provision for, debts and obligations of the partnership, including any partner
loans, any remaining assets of the partnership will be distributed to us and the limited partners with positive capital accounts in accordance with their respective positive capital account balances. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Amendments </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In general, we may amend the partnership
agreement without the consent of the limited partners. However, any amendment to the partnership agreement that would adversely affect the redemption rights or certain other rights of the limited partners requires the consent of limited partners
holding a majority in interest of the common units in our partnership. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_19"></A>MATERIAL FEDERAL INCOME TAX
CONSIDERATIONS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This section summarizes the material federal income tax considerations that you, as a shareholder, may consider relevant in connection
with the acquisition, ownership and disposition of our common stock and Warrants and our expected election to be taxed as a REIT. Foley &amp; Lardner LLP has acted as our counsel, has reviewed this summary, and is of the opinion that the discussion
contained herein is accurate in all material respects. Because this section is a summary, it does not address all aspects of taxation that may be relevant to particular shareholders in light of their personal investment or tax circumstances, or to
certain types of shareholders that are subject to special treatment under the federal income tax laws, such as: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">insurance companies; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><FONT STYLE="white-space:nowrap">tax-exempt</FONT> organizations (except to the limited extent discussed in
&#147;&#151; Taxation of <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Shareholders&#148; below); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">financial institutions or broker-dealers; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><FONT STYLE="white-space:nowrap">non-U.S.</FONT> individuals, corporations, estates and trusts (except to the
limited extent discussed in &#147;&#151; Taxation of <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Shareholders&#148; below); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">U.S. expatriates; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">persons who <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">mark-to-market</FONT></FONT> our
common stock; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">subchapter S corporations; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">U.S. shareholders (as defined below) whose functional currency is not the U.S. dollar; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">regulated investment companies; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">trusts and estates; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">90 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">holders who receive our common stock through the exercise of employee stock options or otherwise as compensation;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">persons holding our common stock as part of a &#147;straddle,&#148; &#147;hedge,&#148; &#147;conversion
transaction,&#148; &#147;synthetic security&#148; or other integrated investment; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">persons subject to the alternative minimum tax provisions of the Code; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">persons holding our common stock through a partnership or similar pass-through entity or on behalf of other
persons as nominees; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">persons holding a 10% or more (by vote or value) beneficial interest in our shares of stock.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This summary assumes that shareholders hold shares as capital assets for federal income tax purposes, which generally means property
held for investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The statements in this section are based on the current federal income tax laws, all of which are subject to differing
interpretations or to change, possibly with retroactive effect. This discussion is for general information purposes only and is not tax advice. We cannot assure you that new laws, interpretations of law, or court decisions, any of which may take
effect retroactively, will not cause any statement in this section to be inaccurate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WE URGE YOU TO CONSULT YOUR OWN TAX ADVISOR REGARDING THE
SPECIFIC TAX CONSEQUENCES TO YOU OF THE PURCHASE, OWNERSHIP AND SALE OF OUR COMMON STOCK AND WARRANTS AND OF OUR ELECTION TO BE TAXED AS A REIT. SPECIFICALLY, YOU ARE URGED TO CONSULT YOUR OWN TAX ADVISOR REGARDING THE FEDERAL, STATE, LOCAL,
FOREIGN, AND OTHER TAX CONSEQUENCES OF SUCH PURCHASE, OWNERSHIP, SALE AND ELECTION, AND REGARDING POTENTIAL CHANGES IN APPLICABLE TAX LAWS. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Taxation of Our Company </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have not qualified as a REIT
to date and will not be able to satisfy the requirements of operating as a REIT until after this offering closes. We intend to elect to be taxed as a REIT for federal income tax purposes commencing with our taxable year ending December 31, 2021. Our
qualification as a REIT will depend upon our ability to meet, on a continuing basis, various complex requirements under the Code relating to, among other things, the sources of our gross income, the composition and values of our assets, our
distribution levels and the diversity of ownership of our stock. We believe that we will be organized and will operate in such a manner as to qualify for taxation as a REIT under the Code, and we intend to continue to operate in such a manner.
However, no assurance can be given that our actual results of operations for any particular taxable year will satisfy such requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection
with this offering, Foley &amp; Lardner LLP has rendered an opinion that, commencing with our taxable year ending December 31, 2021, we will be organized in conformity with the requirements for qualification and taxation as a REIT under the U.S.
federal income tax laws, and our proposed method of operations will enable us to satisfy the requirements for qualification and taxation as a REIT under the U.S. federal income tax laws for our taxable year ending December 31, 2021 and subsequent
taxable years. Investors should be aware that Foley &amp; Lardner LLP&#146;s opinion is based upon various customary assumptions relating to our organization and operation, is conditioned upon certain representations and covenants made by our
management as to factual matters, including that we elect to be taxed as a REIT for federal income tax purposes commencing with our taxable year ending December 31, 2021 and including representations regarding our organization, the nature of our
assets and income and the conduct of our business operations. Foley &amp; Lardner LLP&#146;s opinion is not binding upon the IRS or any court and speaks as of the date issued. In addition, Foley &amp; Lardner LLP&#146;s opinion is based on existing
U.S. federal income tax law governing qualification as a REIT, which is subject to change either prospectively or retroactively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Moreover, our
qualification and taxation as a REIT will depend upon our ability to meet, on a continuing basis, through actual annual and quarterly operating results, certain qualification tests set forth in the U.S. federal income tax laws. Those qualification
tests involve the percentage of income that we earn from specified sources, the percentage of our assets that fall within specified categories, the diversity of ownership of our stock and the percentage of our earnings that we distribute. Foley
&amp; Lardner LLP will not review our compliance with those tests on a continuing basis. Accordingly, no assurance can be given that our actual results of operations for any particular taxable year will satisfy such requirements. While we intend to
operate so that we will qualify as a REIT, given the highly complex nature of the rules governing REITs, the ongoing importance of factual determinations and the possibility of future changes in our circumstances, no assurance can be given by tax
counsel or by us that we will qualify as a REIT for any particular year. Foley &amp; Lardner LLP&#146;s opinion does not foreclose the possibility that we may have to use one or more of the REIT savings provisions described below, which could
require us to pay an excise or penalty tax (which could be material) in order for us to maintain our REIT qualification. For a discussion of the tax consequences of our failure to qualify as a REIT, see &#147;&#151; Failure to Qualify.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The sections of the Code and Treasury Regulations relating to qualification, operation and taxation as a REIT are highly technical and complex. The following
discussion sets forth on the material aspects of those sections. This summary is qualified in its entirety by the applicable Code provisions and the related Treasury Regulations and administrative and judicial interpretations thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we qualify as a REIT, we generally will not be subject to federal income tax on the taxable income that we distribute to our shareholders. The benefit of
that tax treatment is that it avoids the &#147;double taxation,&#148; or taxation at both the corporate and shareholder levels, that generally results from owning stock in a corporation. However, we will be subject to federal tax in the following
circumstances: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We will pay federal income tax on any taxable income, including undistributed net capital gain that we do not
distribute to shareholders during, or within a specified time period after, the calendar year in which the income is earned. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We will pay income tax at the highest corporate rate on: </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">net income from the sale or other disposition of property acquired through foreclosure (&#147;foreclosure
property&#148;) that we hold primarily for sale to customers in the ordinary course of business, and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">other <FONT STYLE="white-space:nowrap">non-qualifying</FONT> income from foreclosure property.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">91 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We will pay a 100% tax on net income from sales or other dispositions of property, other than foreclosure
property, that we hold primarily for sale to customers in the ordinary course of business. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">If we fail to satisfy one or both of the 75% gross income test or the 95% gross income test, as described below
under &#147;&#151; Gross Income Tests,&#148; and nonetheless continue to qualify as a REIT because we meet other requirements, we will pay a 100% tax on: </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the gross income attributable to the greater of the amount by which we fail the 75% gross income test or the 95%
gross income test, in either case, multiplied by </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a fraction intended to reflect our profitability. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">If we fail to distribute during a calendar year at least the sum of (1)&nbsp;85% of our REIT ordinary income for
the year, (2)&nbsp;95% of our REIT capital gain net income for the year, and (3)&nbsp;any undistributed taxable income required to be distributed from earlier periods, we will pay a 4% nondeductible excise tax on the excess of the required
distribution over the amount we actually distributed. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We may elect to retain and pay income tax on our net long-term capital gain. In that case, a U.S. shareholder
would be taxed on its proportionate share of our undistributed long-term capital gain (to the extent that we made a timely designation of such gain to the shareholders) and would receive a credit or refund for its proportionate share of the tax we
paid. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We will be subject to a 100% excise tax on transactions with a TRS that are not conducted on an <FONT
STYLE="white-space:nowrap">arm&#146;s-length</FONT> basis. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">In the event of a failure of any of the asset tests, other than a de minimis failure of the 5% asset test or the
10% vote or value test, as described below under &#147;&#151; Asset Tests,&#148; as long as the failure was due to reasonable cause and not to willful neglect, we file a description of each asset that caused such failure with the IRS, and we dispose
of the assets or otherwise comply with the asset tests within six months after the last day of the quarter in which we identify such failure, we will pay a tax equal to the greater of $50,000 or the highest federal income tax rate then applicable to
U.S. corporations (currently 21%) on the net income from the nonqualifying assets during the period in which we failed to satisfy the asset tests. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">In the event we fail to satisfy one or more requirements for REIT qualification, other than the gross income
tests and the asset tests, and such failure is due to reasonable cause and not to willful neglect, we will be required to pay a penalty of $50,000 for each such failure. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">If we acquire any asset from a C corporation, or a corporation that generally is subject to full corporate-level
tax, in a merger or other transaction in which we acquire a basis in the asset that is determined by reference either to the C corporation&#146;s basis in the asset or to another asset, we will pay tax at the highest regular corporate rate
applicable if we recognize gain on the sale or disposition of the asset during the <FONT STYLE="white-space:nowrap">5-year</FONT> period after we acquire the asset provided no election is made for the transaction to be taxable on a current basis.
The amount of gain on which we will pay tax is the lesser of: </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the amount of gain that we recognize at the time of the sale or disposition, and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the amount of gain that we would have recognized if we had sold the asset at the time we acquired it.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Similar rules apply with respect to any built-in gain that exists with respect to our assets on the effective date of
our REIT election. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We may be required to pay monetary penalties to the IRS in certain circumstances, including if we fail to meet
record-keeping requirements intended to monitor our compliance with rules relating to the composition of a REIT&#146;s shareholders, as described below in &#147;&#151; Recordkeeping Requirements.&#148; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The earnings of our lower-tier entities that are subchapter C corporations, including TRSs, will be subject to
federal corporate income tax. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, notwithstanding our status as a REIT, we may also have to pay certain state and local income
taxes, because not all states and localities treat REITs in the same manner that they are treated for federal income tax purposes. Moreover, as further described below, TRSs will be subject to federal, state and local corporate income tax on their
taxable income. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">92 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Requirements for Qualification </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A REIT is a corporation, trust, or association that meets each of the following requirements: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">It is managed by one or more directors or trustees. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Its beneficial ownership is evidenced by transferable shares, or by transferable certificates of beneficial
interest. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">It would be taxable as a domestic corporation, but for the REIT provisions of the federal income tax laws.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">It is neither a financial institution nor an insurance company subject to special provisions of the federal
income tax laws. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">At least 100&nbsp;persons are beneficial owners of its shares or ownership certificates. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Not more than 50% in value of its outstanding shares or ownership certificates is owned, directly or
indirectly, by five or fewer individuals, which the Code defines to include certain entities, during the last half of the taxable year. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">It elects to be a REIT, or has made such election for a previous taxable year, and satisfies all relevant
filing and other administrative requirements established by the IRS that must be met to elect and maintain REIT status. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">It meets certain other qualification tests, described below, regarding the nature of its income and assets and
the amount of its distributions to shareholders. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">It uses a calendar year for federal income tax purposes and complies with the recordkeeping requirements of the
federal income tax laws. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We must meet requirements 1 through 4, 7, and 8 during our entire taxable year and must meet requirement 5
during at least 335&nbsp;days of a taxable year of 12&nbsp;months, or during a proportionate part of a taxable year of less than 12&nbsp;months. After we make our REIT election for our taxable year ending December&nbsp;31, 2021, requirements 5 and 6
will apply to us beginning with our 2022 taxable year. If we comply with all the requirements for ascertaining the ownership of our outstanding shares in a taxable year and have no reason to know that we violated requirement 6, we will be deemed to
have satisfied requirement 6 for that taxable year. For purposes of determining share ownership under requirement 6, an &#147;individual&#148; generally includes a supplemental unemployment compensation benefits plan, a private foundation, or a
portion of a trust permanently set aside or used exclusively for charitable purposes. An &#147;individual,&#148; however, generally does not include a trust that is a qualified employee pension or profit sharing trust under the federal income tax
laws, and beneficiaries of such a trust will be treated as holding our shares in proportion to their actuarial interests in the trust for purposes of requirement 6. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our articles of incorporation provides restrictions regarding the transfer and ownership of our shares of stock. See &#147;Description of Shares of
Stock&nbsp;&#151; Restrictions on Ownership and Transfer.&#148; We believe that we will issue sufficient shares of stock with sufficient diversity of ownership as a result of this offering to allow us to satisfy requirements 5 and 6 above. The
restrictions in our articles of incorporation are intended, among other things, to assist us in satisfying requirements 5 and 6 above. These restrictions, however, may not ensure that we will be able to satisfy such share ownership requirements in
all cases. If we fail to satisfy these share ownership requirements, our qualification as a REIT may terminate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our Board has waived these limits for
Mr.&nbsp;Sobelman who currently owns 225,004 shares of our common stock. The Board&#146;s waiver to Mr.&nbsp;Sobelman is conditioned upon his agreement that if we would otherwise fail the &#147;closely held&#148; test, we will automatically redeem
such number of Mr.&nbsp;Sobelman&#146;s shares for consideration of $.01 per share as will permit us to satisfy the &#147;closely held&#148; test. If we fail to monitor our share ownership or to implement the redemption provision in the waiver to
Mr.&nbsp;Sobelman, or the IRS does not respect the effective date of any redemptions, we may fail to qualify as a REIT. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">93 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To monitor compliance with the share ownership requirements, we generally will be required to maintain
records regarding the actual ownership of our shares. To do so, we must demand written statements each year from the record holders of significant percentages of our shares pursuant to which the record holders must disclose the actual owners of the
shares (i.e., the persons required to include our dividends in their gross income). We must maintain a list of those persons failing or refusing to comply with this demand as part of our records. We could be subject to monetary penalties if we fail
to comply with these record-keeping requirements. If you fail or refuse to comply with the demands, you will be required by Treasury Regulations to submit a statement with your tax return disclosing your actual ownership of our shares and other
information. In addition, we must satisfy all relevant filing and other administrative requirements that must be met to elect and maintain REIT status. We intend to comply with these requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of requirement 9, we have adopted December&nbsp;31 as our year end for U.S. federal income tax purposes and thereby satisfy this requirement.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Subsidiary Entities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Qualified REIT
Subsidiaries.&nbsp;A corporation that is a &#147;qualified REIT subsidiary&#148; is not treated as a corporation separate from its parent REIT. All assets, liabilities, and items of income, deduction, and credit of a &#147;qualified REIT
subsidiary&#148; are treated as assets, liabilities, and items of income, deduction, and credit of the REIT. A &#147;qualified REIT subsidiary&#148; is a corporation, other than a TRS, all of the stock of which is owned by the REIT. Thus, in
applying the requirements described herein, any &#147;qualified REIT subsidiary&#148; that we own will be ignored, and all assets, liabilities, and items of income, deduction, and credit of such subsidiary will be treated as our assets, liabilities,
and items of income, deduction, and credit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other Disregarded Entities and Partnerships.&nbsp;An unincorporated domestic entity, such as a partnership or
limited liability company that has a single owner, generally is not treated as an entity separate from its parent for federal income tax purposes. An unincorporated domestic entity with two or more owners is generally treated as a partnership for
federal income tax purposes. In the case of a REIT that is a partner in a partnership that has other partners, the REIT is treated as owning its proportionate share of the assets of the partnership and as earning its allocable share of the gross
income of the partnership for purposes of the applicable REIT qualification tests. Our proportionate share for purposes of the 10% value test (see &#147;&#151;&nbsp;Asset Tests&#148;) will be based on our proportionate interest in the equity
interests and certain debt securities issued by the partnership. For all of the other asset and income tests, our proportionate share will be based on our proportionate interest in the capital interests in the partnership. Our proportionate share of
the assets, liabilities, and items of income of any partnership, joint venture, or limited liability company that is treated as a partnership for federal income tax purposes in which we acquire an equity interest, directly or indirectly, will be
treated as our assets and gross income for purposes of applying the various REIT qualification requirements. In the event that a disregarded subsidiary of ours ceases to be wholly-owned &#150; for example, if any equity interest in the subsidiary is
acquired by a person other than us or another disregarded subsidiary of ours &#150; the subsidiary&#146;s separate existence would no longer be disregarded for U.S. federal income tax purposes. Instead, the subsidiary would have multiple owners and
would be treated as either a partnership or a taxable corporation. Such an event could, depending on the circumstances, adversely affect our ability to satisfy the various asset and gross income requirements applicable REITs, including the
requirement that REITs generally may not own, directly or indirectly, more than 10% of the total value or total voting power of the outstanding securities of another corporation. See &#147;&#151;Gross Income Tests&#148; and &#147;&#151;Asset
Tests.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Taxable REIT Subsidiaries. A REIT, in general, may jointly elect with a subsidiary corporation, whether or not wholly owned, to treat the
subsidiary corporation as a TRS. The separate existence of a TRS or other taxable corporation, unlike a disregarded subsidiary as discussed above, is not ignored for U.S. federal income tax purposes. Accordingly, such an entity would generally be
subject to U.S. federal income tax on its taxable income, which may reduce the cash flow generated by us and our subsidiaries in the aggregate and our ability to make distributions to our stockholders. A REIT is not treated as holding the assets of
a TRS or other taxable subsidiary corporation or as receiving any income that the subsidiary earns. Rather, the stock issued by the subsidiary is an asset in the hands of the REIT, and the REIT generally recognizes dividend income when it receives
distributions of earnings from the subsidiary. This treatment can affect the gross income and asset test calculations that apply to the REIT, as described below. Because a parent REIT does not include the assets and income of its TRSs in determining
the parent REIT&#146;s compliance with the REIT requirements, such entities may be used by the parent REIT to undertake indirectly activities that the REIT rules might otherwise preclude the parent REIT from doing directly or through pass-through
subsidiaries. If dividends are paid to us by one or more domestic TRSs we may own, a portion of the dividends that we distribute to stockholders who are taxed at individual rates generally will be eligible for taxation at preferential qualified
dividend income tax rates rather than at ordinary income tax rates. See &#147;&#151;Taxation of Taxable U.S. Stockholders&#148; and &#147;&#151;Annual Distribution Requirements.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">94 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Gross Income Tests </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We must satisfy two gross income tests annually to maintain our qualification as a REIT. First, at least 75% of our gross income for each taxable year must
consist of defined types of income that we derive, directly or indirectly, from investments relating to real property or mortgages on real property or qualified temporary investment income. Qualifying income for purposes of that 75% gross income
test generally includes: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">rents from real property; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">interest on debt secured by mortgages on real property, or on interests in real property; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">dividends on, and gain from the sale of, shares in other REITs; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">gain from the sale of real estate assets (other than certain debt instruments of publicly offered REITs); and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">income derived from the temporary investment of new capital that is attributable to the issuance of our shares of
stock other than shares issued pursuant to our distribution reinvestment plan or a public offering of our debt with a maturity date of at least five years and that we receive during the <FONT STYLE="white-space:nowrap">one-year</FONT> period
beginning on the date on which we received such new capital. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Interest and gain on debt instruments issued by publicly offered REITs
that are not secured by mortgages on real property or interests in real property are not qualifying income for purposes of the 75% income test. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Second,
in general, at least 95% of our gross income for each taxable year must consist of income that is qualifying income for purposes of the 75% gross income test, other types of interest and dividends, gain from the sale or disposition of shares or
securities, or any combination of these. Gross income from our sale of property that we hold primarily for sale to customers in the ordinary course of business is excluded from both the numerator and the denominator in both gross income tests. In
addition, income and gain from &#147;hedging transactions&#148; that we enter into to hedge indebtedness incurred or to be incurred to acquire or carry real estate assets and that are clearly and timely identified as such will be excluded from both
the numerator and the denominator for purposes of the 75% and 95% gross income tests. In addition, certain foreign currency gains will be excluded from gross income for purposes of one or both of the gross income tests. See &#147;&#151;&nbsp;Foreign
Currency Gain&#148; below. The following paragraphs discuss the specific application of the gross income tests to us. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rents from Real Property
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Rent that we receive from our real property will qualify as &#147;rents from real property,&#148; which is qualifying income for purposes of the 75%
and 95% gross income tests, only if the following conditions are met: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The rent must not be based, in whole or in part, on the income or profits of any person, but may be based on a
fixed percentage or percentages of gross receipts or sales. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Neither we nor a direct or indirect owner of 10% or more of our stock may own, actually or constructively, 10% or
more of a tenant from whom we receive rent, other than a TRS. Under an exception to such related-party tenant rule, rent that we receive from a TRS will qualify as &#147;rents from real property&#148; as long as (i)&nbsp;at least 90% of the leased
space in the property is leased to persons other than TRSs and related-party tenants, and (ii)&nbsp;the amount paid by the TRS to rent space at the property is substantially comparable to rents paid by other tenants of the property for comparable
space. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">If the rent attributable to personal property leased in connection with a lease of real property is 15% or less
of the total rent received under the lease, then the rent attributable to personal property will qualify as rents from real property. However, if the 15% threshold is exceeded, the rent attributable to personal property will not qualify as rents
from real property. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">We generally must not operate or manage our real property or furnish or render services to our tenants, other
than through an &#147;independent contractor&#148; that is adequately compensated and from which we do not derive revenue. However, we need not provide services through an independent contractor, but instead may provide services directly to our
tenants, if the services are &#147;usually or customarily rendered&#148; in connection with the rental of space for occupancy only and are not considered to be provided for the tenants&#146; convenience. In addition, we may provide a minimal amount
of &#147;noncustomary&#148; services to the tenants of a property, other than through an independent </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">95 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
contractor, as long as our income from the services (valued at not less than 150% of our direct cost of performing such services) does not exceed 1% of our income from the related property.
Furthermore, we may own up to 100% of the stock of a TRS which may provide customary and noncustomary services to our tenants without tainting our rental income for the related properties. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless we determine that the resulting nonqualifying income under any of the following situations, taken together with all other nonqualifying income earned
by us in the taxable year, will not jeopardize our qualification as a REIT, we do not intend to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">charge rent for any property that is based in whole or in part on the income or profits of any person, except by
reason of being based on a fixed percentage or percentages of receipts or sales, as described above; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">rent any property to a related party tenant, including a TRS, unless the rent from the lease to the TRS would
qualify for the special exception from the related party tenant rule applicable to certain leases with a TRS; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">derive rental income attributable to personal property other than personal property leased in connection with the
lease of real property, the amount of which is less than 15% of the total rent received under the lease; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">directly perform services considered to be noncustomary or rendered to the occupant of the property.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In order for the rent paid under our leases to constitute &#147;rents from real property,&#148; the leases must be respected as true
leases for federal income tax purposes and not treated as service contracts, joint ventures or some other type of arrangement. The determination of whether our leases are true leases depends on an analysis of all the surrounding facts and
circumstances. In making such a determination, courts have considered a variety of factors, including the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the intent of the parties; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the form of the agreement; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the degree of control over the property that is retained by the property owner (for example, whether the lessee
has substantial control over the operation of the property or whether the lessee was required simply to use its best efforts to perform its obligations under the agreement); and the extent to which the property owner retains the risk of loss with
respect to the property (for example, whether the lessee bears the risk of increases in operating expenses or the risk of damage to the property) or the potential for economic gain with respect to the property. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We currently intend to structure any leases we enter into so that they will qualify as true leases for federal income tax purposes. Our belief is based, in
part, on the following facts: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">we and the lessee intend for our relationship to be that of a lessor and lessee, and such relationship is
documented by a lease agreement; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the lessee will have the right to exclusive possession and use and quiet enjoyment of the property covered by the
lease during the term of the lease; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the lessee will bear the cost of, and will be responsible for, <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">day-to-day</FONT></FONT> maintenance and repair of the property other than the cost of certain capital expenditures, and dictate, either directly or through third-party operators that are eligible independent contractors
who work for the lessee during the terms of the leases, how the property will be operated and maintained; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the lessee generally will bear the costs and expenses of operating the property, including the cost of any
inventory used in their operation, during the term of the lease; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the lessee will benefit from any savings and bear the burdens of any increases in the costs of operating the
property during the term of the lease; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">in the event of damage or destruction to a property, the lessee will be at economic risk because it will bear the
economic burden of the loss in income from operation of the property subject to the right, in certain circumstances, to terminate the lease if the lessor does not restore the property to its prior condition; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">96 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the lessee generally will indemnify the lessor against all liabilities imposed on the lessor during the term of
the lease by reason of: (i)&nbsp;injury to persons or damage to property occurring at the property; (ii)&nbsp;the lessee&#146;s use, management, maintenance or repair of the property; (iii)&nbsp;taxes and assessments in respect of the property that
are obligations of the lessees; (iv)&nbsp;any breach of the leases by the lessees, and (v)&nbsp;the nonperformance of contractual obligations of the lessees with respect to the property; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the lessee will be obligated to pay, at a minimum, material base rent for the period of use of the property under
the lease; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the lessee will stand to incur substantial losses or reap substantial gains depending on how successfully it,
either directly or through the eligible independent contractors, operates the property; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">we expect that each lease that we enter into, at the time we enter into it (or at any time that any such lease is
subsequently renewed or extended) will enable the applicable lessee to derive a meaningful profit, after expenses and taking into account the risks associated with the lease, from the operation of the property during the term of its lease; and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">upon termination of each lease, the applicable property will be expected to have a substantial remaining useful
life and substantial remaining fair market value. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If our leases are characterized as service contracts or partnership agreements,
rather than as true leases, part or all of the payments that we and our subsidiaries receive from our percentage and other leases may not be considered rent or may not otherwise satisfy the various requirements for qualification as &#147;rents from
real property.&#148; In that case, we likely would not be able to satisfy either the 75% or 95% gross income test and, as a result, would lose our REIT status. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect to enter into sale-leaseback transactions. It is possible that the IRS could take the position that specific sale-leaseback transactions that we
treat as true leases are financing arrangements or loans rather than true leases for federal income tax purposes. Recharacterization of a sale-leaseback transaction as a financing arrangement or loan could jeopardize our REIT status. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Interest </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Interest income constitutes qualifying mortgage
interest for purposes of the 75% gross income test to the extent that the obligation is secured by a mortgage on real property. If we receive interest income with respect to a mortgage loan that is secured by both real property and other property
and the highest outstanding balance of the loan during a taxable year exceeds the fair market value of the real property on the date of our commitment to make or purchase the mortgage loan, the interest income will be apportioned between the real
property and the other property, and our income from the arrangement will qualify for purposes of the 75% gross income test only to the extent that the interest is allocable to the real property. The failure of a loan to qualify as an obligation
secured by a mortgage on real property within the meaning of the REIT rules could adversely affect our ability to qualify as a REIT. The term &#147;interest&#148; generally does not include any amount received or accrued, directly or indirectly, if
the determination of such amount depends in whole or in part on the income or profits of any person. However, interest generally includes the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an amount that is based on a fixed percentage or percentages of receipts or sales; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an amount that is based on the income or profits of a debtor, as long as the debtor derives substantially all of
its income from the real property securing the debt from leasing substantially all of its interest in the property, and only to the extent that the amounts received by the debtor would be qualifying &#147;rents from real property&#148; if received
directly by a REIT. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If a loan contains a provision that entitles a REIT to a percentage of the borrower&#146;s gain upon the sale of
the real property securing the loan or a percentage of the appreciation in the property&#146;s value as of a specific date, income attributable to that loan provision will be treated as gain from the sale of the property securing the loan, which
generally is qualifying income for purposes of both gross income tests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may, on a select basis, purchase mortgage loans. Interest on debt secured by a
mortgage on real property or on interests in real property, including, for this purpose, discount points, prepayment penalties, loan assumption fees, and late payment charges that are not compensation for services, generally is qualifying income for
purposes of the 75% gross income test. However, if a loan is secured by real property and other property and the highest principal amount of a loan outstanding </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">97 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
during a taxable year exceeds the fair market value of the real property securing the loan as of the date the REIT agreed to acquire the loan, a portion of the interest income from such loan that
is not allocable to real property will not be qualifying income for purposes of the 75% gross income test, but will be qualifying income for purposes of the 95% gross income test. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may also, on a select basis, purchase mezzanine loans, which are loans secured by equity interests in a pass-through entity that directly or indirectly
owns real property, rather than by a direct mortgage of the real property. IRS Revenue Procedure <FONT STYLE="white-space:nowrap">2003-65</FONT> provides a safe harbor pursuant to which a mezzanine loan, if it meets each of the requirements
contained in the Revenue Procedure, will be treated by the IRS as a real estate asset for purposes of the REIT asset tests described below, and interest derived from it will be treated as qualifying mortgage interest for purposes of the 75% gross
income test. Although the Revenue Procedure provides a safe harbor on which taxpayers may rely, it does not prescribe rules of substantive tax law. Moreover, we anticipate that the mezzanine loans we may acquire typically will not meet all of the
requirements for reliance on this safe harbor. If we invest in mezzanine loans, we intend to invest in a manner that will enable us to continue to satisfy the gross income and asset tests. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Dividends Received </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our share of any dividends received
from any corporation (including any TRS, but excluding any REIT) in which we own an equity interest will qualify for purposes of the 95% gross income test but not for purposes of the 75% gross income test. Our share of any dividends received from
any REIT in which we own an equity interest, if any, will be qualifying income for purposes of both gross income tests. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Prohibited Transactions
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A REIT will incur a 100% tax on the net income (including foreign currency gain) derived from any sale or other disposition of property, other than
foreclosure property, that the REIT holds primarily for sale to customers in the ordinary course of a trade or business. We believe that none of our assets will be held primarily for sale to customers and that a sale of any of our assets will not be
in the ordinary course of our business. Whether a REIT holds an asset &#147;primarily for sale to customers in the ordinary course of a trade or business&#148; depends, however, on the facts and circumstances in effect from time to time, including
those related to a particular asset. A safe harbor to the characterization of the sale of property by a REIT as a prohibited transaction and the 100% prohibited transaction tax is available if the following requirements are met: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the REIT has held the property for not less than two years; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the aggregate expenditures made by the REIT, or any partner of the REIT, during the <FONT
STYLE="white-space:nowrap">two-year</FONT> period preceding the date of the sale that are includable in the basis of the property do not exceed 30% of the selling price of the property; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">either (1)&nbsp;during the year in question, the REIT did not make more than seven sales of property other than
foreclosure property or sales to which Section&nbsp;1033 of the Code applies, (2)&nbsp;the aggregate adjusted bases of all such properties sold by the REIT during the year did not exceed 10% of the aggregate bases of all of the assets of the REIT at
the beginning of the year, (3)&nbsp;the aggregate fair market value of all such properties sold by the REIT during the year did not exceed 10% of the aggregate fair market value of all of the assets of the REIT at the beginning of the year or
(4)&nbsp;the REIT satisfies the test in preceding clause (3)&nbsp;by substituting 20% for 10% and either the <FONT STYLE="white-space:nowrap">3-year</FONT> average adjusted bases percentage for the taxable year or the
<FONT STYLE="white-space:nowrap">3-year</FONT> average fair market value percentage for the taxable year does not exceed 10% </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">in the case of property not acquired through foreclosure or lease termination, the REIT has held the property for
at least two years for the production of rental income; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">if the REIT has made more than seven sales of <FONT STYLE="white-space:nowrap">non-foreclosure</FONT> property
during the taxable year, substantially all of the marketing and development expenditures with respect to the property were made through an independent contractor from whom the REIT derives no income. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We generally will attempt to comply with the terms of safe-harbor provision in the federal income tax laws prescribing when an asset sale will not be
characterized as a prohibited transaction. We cannot assure you, however, that we can comply with the safe-harbor provision or that we will avoid owning property that may be characterized as property that we hold &#147;primarily for sale to
customers in the ordinary course of a trade or business.&#148; The 100% tax will not apply to gains from the sale of property that is held through a TRS or other taxable corporation, although such income will be taxed to the corporation at regular
corporate income tax rates. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">98 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Foreclosure Property </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Foreclosure property is real property (including interests in real property) and any personal property incident to such real property: (i)&nbsp;that is
acquired by a REIT as the result of the REIT having bid in the property at foreclosure, or having otherwise reduced the property to ownership or possession by agreement or process of law, after there was a default (or default was imminent) on a
lease of the property or on a mortgage loan held by the REIT and secured by the property; (ii)&nbsp;for which the related loan or lease was acquired by the REIT at a time when default was not imminent or anticipated; and (iii)&nbsp;for which such
REIT makes a proper election to treat the property as foreclosure property. REITs generally are subject to tax at the maximum corporate rate (currently 21%) on any net income from foreclosure property, including any gain from the disposition of the
foreclosure property, other than income that would otherwise be qualifying income for purposes of the 75% gross income test. Any gain from the sale of property for which a foreclosure property election has been made will not be subject to the 100%
tax on gains from prohibited transactions described above, even if the property would otherwise constitute inventory or dealer property in the hands of the selling REIT. We do not anticipate that we will receive any income from foreclosure property
that is not qualifying income for purposes of the 75% gross income test, but, if we do receive any such income, we intend to make an election to treat the related property as foreclosure property. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Foreign Currency Gain</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain foreign currency gains will
be excluded from gross income for purposes of one or both of the gross income tests. &#147;Real estate foreign exchange gain&#148; will be excluded from gross income for purposes of the 75% gross income test. Real estate foreign exchange gain
generally includes foreign currency gain attributable to any item of income or gain that is qualifying income for purposes of the 75% gross income test, foreign currency gain attributable to the acquisition or ownership of (or becoming or being the
obligor under) obligations secured by mortgages on real property or on interests in real property and certain foreign currency gain attributable to certain &#147;qualified business units&#148; of a REIT. &#147;Passive foreign exchange gain&#148;
will be excluded from gross income for purposes of the 95% gross income test. Passive foreign exchange gain generally includes real estate foreign exchange gain as described above, and also includes foreign currency gain attributable to any item of
income or gain that is qualifying income for purposes of the 95% gross income test and foreign currency gain attributable to the acquisition or ownership of (or becoming or being the obligor under) obligations. Because passive foreign exchange gain
includes real estate foreign exchange gain, real estate foreign exchange gain is excluded from gross income for purposes of both the 75% and 95% gross income tests. These exclusions for real estate foreign exchange gain and passive foreign exchange
gain do not apply to any certain foreign currency gain derived from dealing, or engaging in substantial and regular trading, in securities. Such gain is treated as nonqualifying income for purposes of both the 75% and 95% gross income tests. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Failure to Satisfy Gross Income Tests </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We intend to
monitor our sources of income, including any <FONT STYLE="white-space:nowrap">non-qualifying</FONT> income received by us, and manage our assets so as to ensure our compliance with the gross income tests. We cannot assure you, however, that we will
be able to satisfy the gross income tests. If we fail to satisfy one or both of the gross income tests for any taxable year, we nevertheless may qualify as a REIT for that year if we qualify for relief under certain provisions of the federal income
tax laws. Those relief provisions are available if: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our failure to meet those tests is due to reasonable cause and not to willful neglect; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">following such failure for any taxable year, we file a schedule of the sources of our income in accordance with
regulations prescribed by the Secretary of the U.S. Treasury. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We cannot predict, however, whether in all circumstances we would qualify
for the relief provisions. In addition, as discussed above in &#147;&#151;&nbsp;Taxation of Our Company,&#148; even if the relief provisions apply, we would incur a 100% tax on the gross income attributable to the greater of the amount by which we
fail the 75% gross income test or the 95% gross income test multiplied, in either case, by a fraction intended to reflect our profitability. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Asset
Tests </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To qualify as a REIT, we also must satisfy the following asset tests at the end of each quarter of each taxable year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">First, at least 75% of the value of our total assets must consist of: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">cash or cash items, including certain receivables and, in certain circumstances, foreign currencies;
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">99 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">government securities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">interests in real property, including leaseholds and options to acquire real property and leaseholds;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">interests in mortgages loans secured by real property; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">stock in other REITs; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">investments in stock or debt instruments during the <FONT STYLE="white-space:nowrap">one-year</FONT> period
following our receipt of new capital that we raise through equity offerings (other than our distribution reinvestment plan) or public offerings of debt with at least a five-year term. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Second, of our investments not included in the 75% asset class, the value of our interest in any one issuer&#146;s securities may not exceed 5% of the value
of our total assets, or the 5% asset test. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Third, of our investments not included in the 75% asset class, we may not own more than 10% of the voting
power or value of any one issuer&#146;s outstanding securities, or the 10% vote or value test. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fourth, no more than 20% of the value of our total assets
may consist of the securities of one or more TRSs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fifth, no more than 25% of the value of our total assets may consist of the securities that are not
qualifying assets for purposes of the 75% asset test. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sixth, not more than 25% of the value of our gross assets may be represented by nonqualified
publicly offered REIT debt instruments (i.e., those that are not secured by mortgages on real property or interests in real property). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of
the 5% asset test and the 10% vote or value test, the term &#147;securities&#148; does not include shares in another REIT, equity or debt securities of a qualified REIT subsidiary or TRS, mortgage loans that constitute real estate assets, or equity
interests in a partnership. The term &#147;securities,&#148; however, generally includes debt securities issued by a partnership or another REIT, except that for purposes of the 10% value test, the term &#147;securities&#148; does not include
&#147;straight debt&#148; securities, which is defined as a written unconditional promise to pay on demand or on a specified date a sum certain in money if (i)&nbsp;the debt is not convertible, directly or indirectly, into shares, and (ii)&nbsp;the
interest rate and interest payment dates are not contingent on profits, the borrower&#146;s discretion, or similar factors. &#147;Straight debt&#148; securities do not include any securities issued by a partnership or a corporation in which we or
any controlled TRS (i.e., a TRS in which we own directly or indirectly more than 50% of the voting power or value of the stock) hold <FONT STYLE="white-space:nowrap">non-&#147;straight</FONT> debt&#148; securities that have an aggregate value of
more than 1% of the issuer&#146;s outstanding securities. However, &#147;straight debt&#148; securities include debt subject to the following contingencies: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a contingency relating to the time of payment of interest or principal, as long as either (i)&nbsp;there is no
change to the effective yield of the debt obligation, other than a change to the annual yield that does not exceed the greater of 0.25% or 5% of the annual yield, or (ii)&nbsp;neither the aggregate issue price nor the aggregate face amount of the
issuer&#146;s debt obligations held by us exceeds $1&nbsp;million and no more than 12 months of unaccrued interest on the debt obligations can be required to be prepaid; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a contingency relating to the time or amount of payment upon a default or prepayment of a debt obligation, as
long as the contingency is consistent with customary commercial practice. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the following are not treated as securities for
purposes of the 10% value test: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Any loan to an individual or an estate; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Any &#147;section 467 rental agreement,&#148; other than an agreement with a related party tenant;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Any obligation to pay &#147;rents from real property&#148;; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Certain securities issued by governmental entities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Any security issued by a REIT; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">100 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Any debt instrument issued by an entity treated as a partnership for federal income tax purposes in which we are
a partner to the extent of our proportionate interest in the equity and debt securities of the partnership; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Any debt instrument issued by an entity treated as a partnership for federal income tax purposes not described in
the preceding bullet points if at least 75% of the partnership&#146;s gross income, excluding income from prohibited transactions, is qualifying income for purposes of the 75% gross income test described above. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of the 10% value test, our proportionate share of the assets of a partnership is our proportionate interest in any securities issued by the
partnership, without regard to the securities described in the last two bullet points above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As described above, we may, on a select basis, invest in
mezzanine loans. Although we expect that our investments in mezzanine loans will generally be treated as real estate assets, we anticipate that the mezzanine loans in which we invest will not meet all the requirements of the safe harbor in IRS
Revenue Procedure <FONT STYLE="white-space:nowrap">2003-65.</FONT> Thus no assurance can be provided that the IRS will not challenge our treatment of mezzanine loans as real estate assets. If we invest in mezzanine loans, we intend to invest in a
manner that will enable us to continue to satisfy the asset and gross income test requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will monitor the status of our assets for purposes of
the various asset tests and will manage our portfolio in order to comply at all times with such tests. If we fail to satisfy the asset tests at the end of a calendar quarter, we will not lose our REIT qualification if: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">we satisfied the asset tests at the end of the preceding calendar quarter; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the discrepancy between the value of our assets and the asset test requirements arose from changes in the market
values of our assets and was not wholly or partly caused by the acquisition of one or more <FONT STYLE="white-space:nowrap">non-qualifying</FONT> assets. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we did not satisfy the condition described in the second item, above, we still could avoid disqualification by eliminating any discrepancy within
30&nbsp;days after the close of the calendar quarter in which it arose. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the event that we violate the 5% asset test or the 10% vote or value test
described above, we will not lose our REIT qualification if (1)&nbsp;the failure is de minimis (up to the lesser of 1% of our assets or $10&nbsp;million) and (2)&nbsp;we dispose of assets or otherwise comply with the asset tests within six months
after the last day of the quarter in which we identify such failure. In the event of a failure of any of the asset tests (other than de minimis failures described in the preceding sentence), as long as the failure was due to reasonable cause and not
to willful neglect, we will not lose our REIT status if we (1)&nbsp;dispose of assets or otherwise comply with the asset tests within six months after the last day of the quarter in which we identify the failure, (2)&nbsp;we file a description of
each asset causing the failure with the IRS and (3)&nbsp;pay a tax equal to the greater of $50,000 or 35% of the net income from the nonqualifying assets during the period in which we failed to satisfy the asset tests. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that the assets that we will hold will satisfy the foregoing asset test requirements. However, we will not obtain independent appraisals to support
our conclusions as to the value of our assets and securities, or the real estate collateral for the mortgage or mezzanine loans that support our investments. Moreover, the values of some assets may not be susceptible to a precise determination. As a
result, there can be no assurance that the IRS will not contend that our ownership of securities and other assets violates one or more of the asset tests applicable to REITs. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Distribution Requirements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each taxable year, we must
distribute dividends, other than capital gain dividends and deemed distributions of retained capital gain, to our shareholders in an aggregate amount at least equal to the sum of: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">90% of our &#147;REIT taxable income,&#148; computed without regard to the dividends paid deduction and our net
capital gain or loss, and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">90% of our <FONT STYLE="white-space:nowrap">after-tax</FONT> net income, if any, from foreclosure property, minus
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the sum of certain items of <FONT STYLE="white-space:nowrap">non-cash</FONT> income that exceeds a percentage of
our income. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We must distribute such dividends in the taxable year to which they relate, or in the following taxable year if either
(a)&nbsp;we declare the distribution before we timely file our federal income tax return for the year and pay the distribution on or before the first regular dividend payment date after such declaration or (b)&nbsp;we declare the distribution in
October, November or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">101 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
December of the taxable year, payable to shareholders of record on a specified day in any such month, and we actually pay the dividend before the end of January of the following year. The
distributions under clause&nbsp;(a) are taxable to the shareholders in the year in which paid, and the distributions in clause&nbsp;(b) are treated as paid on December&nbsp;31st&nbsp;of the prior taxable year. In both instances, these distributions
relate to our prior taxable year for purposes of the 90% distribution requirement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In order for distributions to satisfy this requirement and give rise
to a deduction, such dividends may not be &#147;preferential.&#148; A dividend will not be deemed to be preferential if it is pro rata among all outstanding shares of stock within a given class and any preferences between classes of stock are made
pursuant to the terms contained in our organizational documents. Under certain technical rules governing deficiency dividends, we could lose our ability to cure an under-distribution in a year with a subsequent year deficiency dividend if we pay
preferential dividends. Preferential dividends potentially include &#147;dividend equivalent redemptions.&#148; Accordingly, we intend to pay dividends pro rata within each class, to abide by the rights and preferences of each class of the
company&#146;s shares if there is more than one, and to seek to avoid dividend equivalent redemptions. This limitation regarding preferential distributions will not apply if we qualify as a &#147;publicly offered REIT.&#148; A &#147;publicly offered
REIT&#148; includes all public listed REITs and public non-listed REITs that are required to file annual and periodic reports with the SEC under the Exchange Act. Following the closing of this offering, we believe that we will be a &#147;publicly
offered REIT.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will pay federal income tax on taxable income, including net capital gain, that we do not distribute to shareholders. Furthermore,
if we fail to distribute during a calendar year, or by the end of January following the calendar year in the case of distributions with declaration and record dates falling in the last three months of the calendar year, at least the sum of: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">85% of our REIT ordinary income for such year, </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">95% of our REIT capital gain income for such year, and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any undistributed taxable income from prior periods, we will incur a 4% nondeductible excise tax on the excess of
such required distribution over the amounts we actually distribute. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may elect to retain and pay income tax on the net long-term
capital gain we receive in a taxable year. If we so elect, we will be treated as having distributed any such retained amount for purposes of the 4% nondeductible excise tax described above. We intend to make timely distributions sufficient to
satisfy the annual distribution requirements and to avoid corporate income tax and the 4% nondeductible excise tax. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It is possible that, from time to
time, we may experience timing differences between the actual receipt of income and actual payment of deductible expenses and the inclusion of that income and deduction of such expenses in arriving at our REIT taxable income. For example, we may not
deduct recognized capital losses from our &#147;REIT taxable income.&#148; Further, it is possible that, from time to time, we may be allocated a share of net capital gain attributable to the sale of depreciated property that exceeds our allocable
share of cash attributable to that sale. As a result of the foregoing, we may have less cash than is necessary to distribute taxable income sufficient to avoid corporate income tax and the excise tax imposed on certain undistributed income or even
to meet the 90% distribution requirement. In such a situation, we may need to borrow funds or, if possible, pay taxable dividends of our shares of stock or debt securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under certain circumstances, we may be able to correct a failure to meet the distribution requirement for a year by paying &#147;deficiency dividends&#148; to
our shareholders in a later year. We may include such deficiency dividends in our deduction for dividends paid for the earlier year. Although we may be able to avoid income tax on amounts distributed as deficiency dividends, we will be required to
pay interest to the IRS based upon the amount of any deduction we take for deficiency dividends. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Recordkeeping Requirements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To avoid a monetary penalty, we must request on an annual basis information from our shareholders designed to disclose the actual ownership of our outstanding
shares of stock. We intend to comply with these requirements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Failure to Qualify </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we fail to satisfy one or more requirements for REIT qualification, other than the gross income tests and the asset tests, we could avoid disqualification
if our failure is due to reasonable cause and not to willful neglect and we pay a penalty of $50,000 for each such failure. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we fail to qualify as a
REIT in any taxable year, and no relief provision applies, we would be subject to federal income tax and any applicable alternative minimum tax on our taxable income at regular corporate rates. In calculating our taxable income in a year in which we
fail to qualify as a REIT, we would not be able to deduct amounts paid out to shareholders. In </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">102 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
fact, we would not be required to distribute any amounts to shareholders in that year. In such event, to the extent of our current and accumulated earnings and profits, all distributions to
shareholders would be taxable as ordinary income. Subject to certain limitations of the federal income tax laws, corporate shareholders might be eligible for the dividends received deduction and shareholders taxed at individual rates may be eligible
for the reduced federal income tax rate on such &#147;qualified dividends.&#148; Unless we qualified for relief under specific statutory provisions, we also would be disqualified from taxation as a REIT for the four taxable years following the year
during which we failed to qualify as a REIT. We cannot predict whether in all circumstances we would qualify for such statutory relief. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Taxation of
Taxable U.S. Shareholders </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As used herein, the term &#147;U.S. shareholder&#148; means a holder of our Units, common stock or Warrants that for U.S.
federal income tax purposes is not a <FONT STYLE="white-space:nowrap">tax-exempt</FONT> organization and is: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a citizen or resident of the United States; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a corporation (including an entity treated as a corporation for federal income tax purposes) created or organized
in or under the laws of the United States, any of its states or the District of Columbia; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an estate whose income is subject to federal income taxation regardless of its source; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any trust if (1)&nbsp;a U.S. court is able to exercise primary supervision over the administration of such trust
and one or more U.S. persons have the authority to control all substantial decisions of the trust or (2)&nbsp;it has a valid election in place to be treated as a U.S. person. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If a partnership, entity or arrangement treated as a partnership for U.S. federal income tax purposes holds our common stock, the federal income tax treatment
of a partner in the partnership will generally depend on the status of the partner and the activities of the partnership. If you are a partner in a partnership holding our common stock, you are urged to consult your tax advisor regarding the
consequences of the ownership and disposition of our common stock and Warrants by the partnership. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Taxation of Distributions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As long as we qualify as a REIT, a taxable U.S. shareholder must generally take into account as ordinary income distributions made out of our current or
accumulated earnings and profits that we do not designate as capital gain dividends or retained long-term capital gain. A U.S. shareholder will not qualify for the dividends-received deduction generally available to corporations. In addition,
dividends paid to a <FONT STYLE="white-space:nowrap">non-corporate</FONT> U.S. shareholder generally will not qualify for the 20% maximum tax rate for &#147;qualified dividend income.&#148; The maximum tax rate on qualified dividend income is lower
than the maximum tax rate on ordinary income, which is currently 37%. Through taxable years ending December 31, 2025, the top effective rate applicable to ordinary dividends from REITs is 29.6% (through a 20% deduction for ordinary REIT dividends
received that are not &#147;capital gain dividends&#148; or &#147;qualified dividend income,&#148; subject to complex limitations). The 20% tax rate for qualified dividend income will apply to our ordinary REIT dividends (i)&nbsp;attributable to
dividends received by us from <FONT STYLE="white-space:nowrap">non-REIT</FONT> corporations, such as any TRS, and (ii)&nbsp;to the extent attributable to income upon which we have paid corporate income tax (e.g. , to the extent that we distribute
less than 100% of our taxable income). In general, to qualify for the reduced tax rate on qualified dividend income, a shareholder must hold our common stock for more than 60 days during the <FONT STYLE="white-space:nowrap">121-day</FONT> period
beginning on the date that is 60 days before the date on which our common stock becomes <FONT STYLE="white-space:nowrap">ex-dividend.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A U.S.
shareholder generally will take into account as long-term capital gain any distributions that we designate as capital gain dividends without regard to the period for which the U.S. shareholder has held our common stock. We generally will designate
our capital gain dividends as either 20% or 25% rate dividends. See &#147;&#151; Capital Gains and Losses.&#148; A corporate U.S. shareholder, however, may be required to treat up to 20% of certain capital gain dividends as ordinary income. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may elect to retain and pay income tax on the net long-term capital gain that we receive in a taxable year. In that case, to the extent that we designate
such amount in a timely notice to such shareholder, a U.S. shareholder would be taxed on its proportionate share of our undistributed long-term capital gain. The U.S. shareholder would receive a credit for its proportionate share of the tax we paid.
The U.S. shareholder would increase the basis in its shares of stock by the amount of its proportionate share of our undistributed long-term capital gain, minus its share of the tax we paid. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">103 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A U.S. shareholder will not incur tax on a distribution in excess of our current and accumulated earnings
and profits if the distribution does not exceed the adjusted basis of the U.S. shareholder&#146;s common stock. Instead, the distribution will reduce the adjusted basis of such shares of stock. A U.S. shareholder will recognize a gain on a
distribution in excess of both our current and accumulated earnings and profits and the U.S. shareholder&#146;s adjusted basis in his or her shares of stock as long-term capital gain, or short-term capital gain if the shares of stock have been held
for one year or less, assuming the shares of stock are a capital asset in the hands of the U.S. shareholder. In addition, if we declare a dividend in October, November, or December of any year that is payable to a U.S. shareholder of record on a
specified date in any such month, such dividend shall be treated as both paid by us and received by the U.S. shareholder on December&nbsp;31 of such year, provided that we actually distribute such dividend during January of the following calendar
year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Shareholders may not include in their individual income tax returns any of our net operating losses or capital losses. Instead, these losses are
generally carried over by us for potential offset against our future income. Taxable distributions from us and gain from the disposition of our common stock will not be treated as passive activity income, and, therefore, shareholders generally will
not be able to apply any &#147;passive activity losses,&#148; such as losses from certain types of limited partnerships in which the shareholder is a limited partner, against such income. In addition, taxable distributions from us and gain from the
disposition of our common stock generally will be treated as investment income for purposes of the investment interest limitations. We will notify shareholders after the close of our taxable year as to the portions of the distributions attributable
to that year that constitute ordinary income, return of capital and capital gain. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Taxation of U.S. Shareholders on the Disposition of Common stock
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A U.S. shareholder who is not a dealer in securities must generally treat any gain or loss realized upon a taxable disposition of our common stock as
long-term capital gain or loss if the U.S. shareholder has held our common stock for more than one year and otherwise as short-term capital gain or loss. In general, a U.S. shareholder will realize gain or loss in an amount equal to the difference
between the sum of the fair market value of any property and the amount of cash received in such disposition and the U.S. shareholder&#146;s adjusted tax basis. A shareholder&#146;s adjusted tax basis generally will equal the U.S. shareholder&#146;s
acquisition cost, increased by the excess of net capital gains deemed distributed to the U.S. shareholder (discussed above) less tax deemed paid on such gains and reduced by any returns of capital. However, a U.S. shareholder must treat any loss
upon a sale or exchange of common stock held by such shareholder for six months or less as a long-term capital loss to the extent of capital gain dividends and any other actual or deemed distributions from us that such U.S. shareholder treats as
long-term capital gain. All or a portion of any loss that a U.S. shareholder realizes upon a taxable disposition of our common stock may be disallowed if the U.S. shareholder purchases other common stock within 30 days before or after the
disposition. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Capital Gains and Losses </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A taxpayer
generally must hold a capital asset for more than one year for gain or loss derived from its sale or exchange to be treated as long-term capital gain or loss. The highest marginal individual income tax rate currently is 37%. The maximum tax rate on
long-term capital gain applicable to taxpayers taxed at individual rates is 20% for sales and exchanges of assets held for more than one year. The maximum tax rate on long-term capital gain from the sale or exchange of &#147;Section&nbsp;1250
property,&#148; or depreciable real property, is 25%, which applies to the lesser of the total amount of the gain or the accumulated depreciation on the Section&nbsp;1250 property. Gains recognized by U.S. stockholders that are corporations are
subject to U.S. federal income tax at a maximum rate of 21%, whether or not classified as long-term capital gain. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect to distributions that we
designate as capital gain dividends and any retained capital gain that we are deemed to distribute, we generally will designate whether such a distribution is taxable to our shareholders taxed at individual rates at a 20% or 25% rate. Thus, the tax
rate differential between capital gain and ordinary income for those taxpayers may be significant. In addition, the characterization of income as capital gain or ordinary income may affect the deductibility of capital losses. A <FONT
STYLE="white-space:nowrap">non-corporate</FONT> taxpayer may deduct capital losses not offset by capital gains against its ordinary income only up to a maximum annual amount of $3,000. A <FONT STYLE="white-space:nowrap">non-corporate</FONT> taxpayer
may carry forward unused capital losses indefinitely. A corporate taxpayer must pay tax on its net capital gain at ordinary corporate rates. A corporate taxpayer may deduct capital losses only to the extent of capital gains, with unused losses being
carried back three years and forward five years. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Allocation of Purchase Price and Characterization of a Unit </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No statutory, administrative or judicial authority directly addresses the treatment of a Unit or instruments similar to a Unit for U.S. federal income tax
purposes and, therefore, that treatment is not entirely clear. The acquisition of a Unit should be treated for U.S. federal income tax purposes as the acquisition of one share of common stock and one Warrant to purchase one share of common stock.
For U.S. federal income tax purposes, each holder of a Unit must allocate the purchase price paid by such holder for such Unit between such one share of common stock and one Warrant to purchase one share of common stock based on their relative fair
market values at the time of issuance. Under U.S. federal income tax law, each investor must make his or her own determination of such value based on all the relevant facts and circumstances. Therefore, we strongly urge each investor to consult his
or her tax advisor regarding the determination of value for these purposes. The price allocated to each share of common stock and each Warrant should be the stockholder&#146;s tax basis in such share or Warrant, as the case may be. Any disposition
of a Unit should be treated for U.S. federal income tax purposes as a disposition of the one share of common stock and one Warrant to purchase one share of common stock comprising the Unit, and the amount realized on the disposition should be
allocated between the one share of common stock and one Warrant to purchase one share of common stock based on their respective relative fair market values (as determined by each such Unit holder based on all of the relevant facts and circumstances)
at the time of disposition. The separation of the common stock and Warrants comprising Units should not be a taxable event for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The foregoing treatment of the common stock and Warrants and a holder&#146;s purchase price allocation are not binding on the IRS or the courts. Because there
are no authorities that directly address instruments that are similar to the Units, no assurance can be given that the IRS or the courts will agree with the characterization described above or the discussion below. Accordingly, each prospective
investor is urged to consult its own tax advisors regarding the tax consequences of an investment in a Unit (including alternative characterizations of a Unit). The balance of this discussion assumes that the characterization of the Units described
above is respected for U.S. federal income tax purposes. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Constructive Distributions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The terms of the Warrants allow for changes in the exercise price of the Warrants under certain circumstances. A change in exercise price of a Warrant that
allows holders to receive more shares of common stock on exercise may increase a holder&#146;s proportionate interest in our earnings and profits or assets. In that case, such holder may be treated as though it received a taxable distribution in the
form of our common stock. A taxable constructive stock distribution would generally result, for example, if the exercise price is adjusted to compensate holders for distributions of cash or property to our stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not all changes in the exercise price that result in a holder&#146;s receiving more common stock on exercise, however, would be considered as increasing a
holder&#146;s proportionate interest in our earnings and profits or assets. For instance, a change in exercise price could simply prevent the dilution of a holder&#146;s interest upon a stock split or other change in capital structure. Changes of
this type, if made pursuant to bona fide, reasonable adjustment formula, are not treated as constructive stock distributions for these purposes. Conversely, if an event occurs that dilutes a holder&#146;s interest and the exercise price is not
adjusted, the resulting increase in the proportionate interests of our stockholders could be treated as a taxable stock distribution to our stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any taxable constructive stock distributions resulting from a change to, or a failure to change, the exercise price of the Warrants that is treated as a
distribution of common stock would be treated for U.S. federal income tax purposes in the same manner as distributions on our common stock paid in cash or other property, resulting in a taxable dividend to the recipient to the extent of our current
or accumulated earnings and profits (with the recipient&#146;s tax basis in its common stock or Warrants, as applicable, being increased by the amount of such dividend), and with any excess treated as a return of capital or as capital gain. U.S.
holders should consult their own tax advisors regarding whether any taxable constructive stock dividend would be eligible for tax rates applicable to long-term capital gains or the dividends-received deduction described above under &#147;Taxation of
Distributions,&#148; as the requisite applicable holding period requirements might not be considered to be satisfied. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Sale, Exchange, Redemption,
Lapse or Other Taxable Disposition of a Warrant&nbsp; </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon a sale, exchange, redemption, lapse or other taxable disposition of a Warrant, a U.S.
holder generally will recognize capital gain or loss in an amount equal to the difference between the amount realized (if any) on the disposition and such U.S. holder&#146;s tax basis in the Warrant. The amount realized will include the amount of
any cash and the fair market value of any other property received in exchange for the Warrant. The U.S. holder&#146;s tax basis in the Warrant generally will equal the amount the holder paid for the Warrant. Gain or loss will be long-term capital
gain or loss if the U.S. holder has held the Warrant for more than one year. Long-term capital gains of non-corporate U.S. holders are generally taxed at preferential rates. The deductibility of capital losses is subject to certain limitations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Exercise of a Warrant&nbsp; </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The exercise of a Warrant
for shares of common stock generally will not be a taxable event for the exercising U.S. holder, except with respect to cash, if any, received in lieu of a fractional share. A U.S. holder will have a tax basis in the shares of common stock received
on exercise of a Warrant equal to the sum of the U.S. holder&#146;s tax basis in the Warrant surrendered, reduced by any portion of the basis allocable to a fractional share, plus the exercise price of the Warrant. A U.S. holder generally will have
a holding period in shares of common stock acquired on exercise of a Warrant that commences on the date of exercise of the Warrant (or possibly the date following the date of exercise). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Medicare Tax on Unearned Income </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">High-income individuals,
estates and trusts, will be subject to an additional 3.8% tax, which, for individuals, applies to the lesser of (i) &#147;net investment income&#148; or (ii)&nbsp;the excess of &#147;modified adjusted gross income&#148; over $200,000 ($250,000 if
married and filing jointly or $125,000 if married and filing separately). &#147;Net investment income&#148; generally equals the taxpayer&#146;s gross investment income reduced by the deductions that are allocable to such income. Investment income
generally includes passive income such as dividends and gains from sales of stock. U.S. stockholders should consult their tax advisors regarding the effect, if any, of this legislation on their ownership and disposition of our common stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">104 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Taxation of <FONT STYLE="white-space:nowrap">Tax-Exempt</FONT> Shareholders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Tax-exempt</FONT> entities, including qualified employee pension and profit sharing trusts and individual retirement accounts,
generally are exempt from federal income taxation. However, they are subject to taxation on their unrelated business taxable income (&#147;UBTI&#148;). The IRS has issued a ruling that dividends from a REIT to an exempt employee pension trust do not
constitute UBTI so long as the exempt employee pension trust does not otherwise use the shares of beneficial interest in the REIT in an unrelated trade or business of the pension trust. Based on that ruling, amounts that we distribute to <FONT
STYLE="white-space:nowrap">tax-exempt</FONT> shareholders generally should not constitute UBTI. However, if a <FONT STYLE="white-space:nowrap">tax-exempt</FONT> shareholder were to finance its acquisition of common stock with debt, a portion of the
income that it receives from us would constitute UBTI pursuant to the &#147;debt-financed property&#148; rules. Moreover, social clubs, voluntary employee benefit associations, supplemental unemployment benefit trusts and qualified group legal
services plans that are exempt from taxation under special provisions of the federal income tax laws are subject to different UBTI rules, which generally will require them to characterize distributions that they receive from us as UBTI. Finally, in
certain circumstances, a qualified employee pension or profit sharing trust that owns more than 10% of our shares of stock must treat a percentage of the dividends that it receives from us as UBTI. Such percentage is equal to the gross income we
derive from an unrelated trade or business, determined as if we were a pension trust, divided by our total gross income for the year in which we pay the dividends. That rule applies to a pension trust holding more than 10% of our shares of stock
only if: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the percentage of our dividends that the <FONT STYLE="white-space:nowrap">tax-exempt</FONT> trust must treat as
UBTI is at least 5%; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">we qualify as a REIT by reason of the modification of the rule requiring that no more than 50% of our shares of
stock be owned by five or fewer individuals that allows the beneficiaries of the pension trust to be treated as holding our shares of stock in proportion to their actuarial interests in the pension trust; and </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">either: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">one pension trust owns more than 25% of the value of our shares of stock; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a group of pension trusts individually holding more than 10% of the value of our shares of stock collectively
owns more than 50% of the value of our shares of stock. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Taxation of <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Shareholders
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The term <FONT STYLE="white-space:nowrap">&#147;non-U.S.&nbsp;shareholder&#148;</FONT> means a holder of our Units, common stock or Warrants that is
not a U.S.&nbsp;shareholder or a partnership (or entity treated as a partnership for federal income tax purposes). The rules governing federal income taxation of nonresident alien individuals, foreign corporations, and other foreign shareholders are
complex. This section is only a summary of such rules.<B> We urge <FONT STYLE="white-space:nowrap">non-U.S.</FONT></B><B></B><B>&nbsp;shareholders to consult their own tax advisors to determine the impact of federal, state, and local income tax laws
on the purchase, ownership and sale of our common stock and Warrants, including any reporting requirements</B>. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Taxation of REIT Distributions
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A distribution to a <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> that is not attributable to gain from our sale or exchange of a
&#147;United States real property interest,&#148; or USRPI, as defined below, that we do not designate as a capital gain dividend or retained capital gain and that we pay out of our current or accumulated earnings and profits will be subject to a
30% withholding tax on the gross amount of the dividend unless an applicable tax treaty reduces or eliminates the tax. If a dividend is &#147;effectively connected income,&#148; or such dividend is treated as effectively connected with the <FONT
STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder&#146;s</FONT> conduct of a U.S.&nbsp;trade or business, the <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> generally will be subject to federal income tax on the dividend at
graduated rates, in the same manner as U.S.&nbsp;shareholders are taxed with respect to such dividend, and a <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> that is a corporation also may be subject to the 30% branch profits tax
with respect to that dividend. We plan to withhold U.S.&nbsp;income tax at the rate of 30% on the gross amount of any such distribution paid to a <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> unless either: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a lower treaty rate applies and the <FONT STYLE="white-space:nowrap">non-U.S.</FONT> shareholder files an IRS
Form <FONT STYLE="white-space:nowrap">W-8BEN</FONT> or <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">W-8BEN-E</FONT></FONT> evidencing eligibility for that reduced rate with us; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the <FONT STYLE="white-space:nowrap">non-U.S.</FONT> shareholder files an IRS Form
<FONT STYLE="white-space:nowrap">W-8ECI</FONT> with us claiming that the distribution is effectively connected income. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">105 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> will not incur tax on a distribution in
excess of our current and accumulated earnings and profits if the excess portion of such distribution does not exceed the adjusted basis of its common stock. Instead, the excess portion of such distribution will reduce the adjusted basis of such
shares of stock. A <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> will be subject to tax on a distribution that exceeds both our current and accumulated earnings and profits and the adjusted basis of its common stock, if the <FONT
STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> otherwise would be subject to tax on gain from the sale or disposition of its common stock, as described below. Because we generally cannot determine at the time we make a distribution
whether the distribution will exceed our current and accumulated earnings and profits, we normally will withhold tax on the entire amount of any distribution at the same rate as we would withhold on a dividend. However, a <FONT
STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> may claim a refund of amounts that we withhold if we later determine that a distribution in fact exceeded our current and accumulated earnings and profits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For any year in which we qualify as a REIT, a <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> will incur tax on distributions that are
attributable to gain from our sale or exchange of a USRPI under the Foreign Investment in Real Property Act of 1980 (&#147;FIRPTA&#148;). A USRPI includes certain interests in real property and stock in corporations at least 50% of whose assets
consist of interests in real property. Under FIRPTA, a <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> is taxed on distributions attributable to gain from sales of USRPIs as if such gain were effectively connected with a
U.S.&nbsp;business of the <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder.</FONT> A <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> thus will be required to file U.S. federal income tax returns and will be taxed on such
a distribution at the normal capital gains rates applicable to U.S.&nbsp;shareholders, subject to applicable alternative minimum tax and a special alternative minimum tax in the case of a nonresident alien individual. A <FONT
STYLE="white-space:nowrap">non-U.S.&nbsp;corporate</FONT> shareholder not entitled to treaty relief or exemption also may be subject to the 30% branch profits tax on such a distribution. We will be required to withhold 35% of any distribution that
we could designate as a capital gain dividend. A <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> will receive a credit against its tax liability for the amount we withhold. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">However, if our common stock are regularly traded on an established securities market in the United States, capital gain distributions on our common stock
that are attributable to our sale of real property will be treated as ordinary dividends rather than as gain from the sale of a USRPI, as long as the <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> did not own more than 10% of our
common stock at any time during the <FONT STYLE="white-space:nowrap">one-year</FONT> period preceding the distribution. As a result, <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholders</FONT> generally will be subject to withholding tax on
such capital gain distributions in the same manner as they are subject to withholding tax on ordinary dividends. If our common stock is not regularly traded on an established securities market in the United States or the <FONT
STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> owned more than 10% of our common stock at any time during the <FONT STYLE="white-space:nowrap">one-year</FONT> period preceding the distribution, capital gain distributions that are
attributable to our sale of real property would be subject to tax under FIRPTA, as described in the preceding paragraph. Moreover, if a <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> disposes of our common stock during the <FONT
STYLE="white-space:nowrap">30-day</FONT> period preceding a dividend payment, and such <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> (or a person related to such <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder)</FONT>
acquires or enters into a contract or option to acquire our common stock within 61&nbsp;days of the first day of the <FONT STYLE="white-space:nowrap">30-day</FONT> period described above, and any portion of such dividend payment would, but for the
disposition, be treated as a USRPI capital gain to such <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder,</FONT> then such <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> shall be treated as having USRPI capital gain in
an amount that, but for the disposition, would have been treated as USRPI capital gain. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Taxation of Dispositions of REIT Shares</B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-U.S.&nbsp;shareholders</FONT> could incur tax under FIRPTA with respect to gain realized upon a disposition of our common
stock or Warrants if we are a United States real property holding corporation during a specified testing period. If at least 50% of a REIT&#146;s assets are United States real property interests, then the REIT will be a United States real property
holding corporation. We anticipate that we will be a United States real property holding corporation based on our investment strategy. However, if we are a United States real property holding corporation, a
<FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> generally would not incur tax under FIRPTA on gain from the sale of our common stock or Warrants if we are a &#147;domestically controlled qualified investment entity.&#148; A
domestically controlled qualified investment entity includes a REIT in which, at all times during a specified testing period, less than 50% in value of its shares are held directly or indirectly by
<FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholders.</FONT> We cannot assure you that this test will be met. If our common stock is regularly traded on an established securities market, an additional exception to the tax under FIRPTA will be
available with respect to our common stock, even if we do not qualify as a domestically controlled qualified investment entity at the time the <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> sells our common stock. Under that
exception, the gain from such a sale by such a <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> will not be subject to tax under FIRPTA if: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our common stock is treated as being regularly traded under applicable U.S. Treasury Regulations on an
established securities market; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the <FONT STYLE="white-space:nowrap">non-U.S.</FONT> shareholder owned, actually or constructively, 10% or less
of our common stock at all times during a specified testing period. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">106 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the gain on the sale of our common stock or Warrants were taxed under FIRPTA, a <FONT
STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> would be taxed on that gain in the same manner as U.S.&nbsp;shareholders, subject to applicable alternative minimum tax and a special alternative minimum tax in the case of nonresident
alien individuals. Furthermore, a <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> generally will incur tax on gain not subject to FIRPTA if: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the gain is effectively connected with the <FONT STYLE="white-space:nowrap">non-U.S.</FONT> shareholder&#146;s
U.S. trade or business, in which case the <FONT STYLE="white-space:nowrap">non-U.S.</FONT> shareholder will be subject to the same treatment as U.S. shareholders with respect to such gain; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the <FONT STYLE="white-space:nowrap">non-U.S.</FONT> shareholder is a nonresident alien individual who was
present in the U.S. for 183 days or more during the taxable year and has a &#147;tax home&#148; in the United States, in which case the <FONT STYLE="white-space:nowrap">non-U.S.</FONT> shareholder will incur a 30% tax on his or her capital gains.
</P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FATCA Withholding </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under
legislation (commonly referred to as &#147;FATCA&#148;), withholding at a rate of 30% will be required on dividends in respect of our common stock received by certain <FONT STYLE="white-space:nowrap">non-U.S.</FONT> holders if certain disclosure
requirements related to U.S. accounts or ownership are not satisfied. In addition, if those disclosure requirements are not satisfied, under FATCA, a U.S. withholding tax at a 30% rate will be imposed, for payment after December&nbsp;31, 2018, on
gross proceeds from the sale of shares of our common stock received by certain <FONT STYLE="white-space:nowrap">non-U.S.</FONT> holders. If payment of withholding taxes is required, <FONT STYLE="white-space:nowrap">non-U.S.</FONT> holders that are
otherwise eligible for an exemption from, or reduction of, U.S. withholding taxes with respect of such interest and proceeds will be required to seek a refund from the IRS to obtain the benefit of such exemption or reduction. We will not pay any
additional amounts in respect of any amounts withheld. However, under recently released proposed Treasury Regulations, such gross proceeds are not subject to FATCA withholding. In the preamble to these proposed Treasury Regulations, the IRS has
stated that taxpayers may generally rely on the proposed treasury Regulations until final Treasury Regulations are issued. <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> stockholders are encouraged to consult with their tax advisers regarding the
possible implications of the FATCA rules on their investment in our common stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Information Reporting Requirements and Backup Withholding </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will report to our shareholders and to the IRS the amount of distributions we pay during each calendar year, and the amount of tax we withhold, if any.
Under the backup withholding rules, a shareholder may be subject to backup withholding at a rate of 24% with respect to distributions unless the holder: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">is a corporation or qualifies for certain other exempt categories and, when required, demonstrates this fact; or
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">provides a taxpayer identification number, certifies as to no loss of exemption from backup withholding, and
otherwise complies with the applicable requirements of the backup withholding rules. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A shareholder who does not provide us with its
correct taxpayer identification number also may be subject to penalties imposed by the IRS. Any amount paid as backup withholding will be creditable against the shareholder&#146;s income tax liability. In addition, we may be required to withhold a
portion of capital gain distributions to any shareholders who fail to certify their <FONT STYLE="white-space:nowrap">non-foreign</FONT> status to us. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Backup withholding will generally not apply to payments of dividends made by us or our paying agents, in their capacities as such, to a <FONT
STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> provided that the <FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> furnishes to us or our paying agent the required certification as to its
<FONT STYLE="white-space:nowrap">non-U.S.&nbsp;status,</FONT> such as providing a valid IRS <FONT STYLE="white-space:nowrap">Form&nbsp;W-8,</FONT> or certain other requirements are met. Notwithstanding the foregoing, backup withholding may apply if
either we or our paying agent has actual knowledge, or reason to know, that the holder is a U.S.&nbsp;person that is not an exempt recipient. Payments of the net proceeds from a disposition or a redemption effected outside the U.S.&nbsp;by a <FONT
STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> made by or through a foreign office of a broker generally will not be subject to information reporting or backup withholding. However, information reporting (but not backup withholding)
generally will apply to such a payment if the broker has certain connections with the U.S.&nbsp;unless the broker has documentary evidence in its records that the beneficial owner is a
<FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> and specified conditions are met or an exemption is otherwise established. Payment of the net proceeds from a disposition by a
<FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> of common stock made by or through the U.S.&nbsp;office of a broker is generally subject to information reporting and backup withholding unless the
<FONT STYLE="white-space:nowrap">non-U.S.&nbsp;shareholder</FONT> certifies under penalties of perjury that it is not a U.S.&nbsp;person and satisfies certain other requirements, or otherwise establishes an exemption from information reporting and
backup withholding. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">107 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules may be
refunded or credited against the shareholder&#146;s federal income tax liability if certain required information is furnished to the IRS. Shareholders are urged to consult their own tax advisors regarding application of backup withholding to them
and the availability of, and procedure for obtaining an exemption from, backup withholding. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Tax Consequences </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Tax Aspects of Our Investments in Our Operating Partnership and Subsidiary Partnerships </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following discussion summarizes certain federal income tax considerations applicable to our direct or indirect investments in our Operating Partnership and
any subsidiary partnerships or limited liability companies that we form or acquire (each individually a &#147;Partnership&#148; and, collectively, the &#147;Partnerships&#148;). The discussion does not cover state or local tax laws or any federal
tax laws other than income tax laws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Classification as Partnerships.</I>&nbsp;We will include in our income our distributive share of each
Partnership&#146;s income and to deduct our distributive share of each Partnership&#146;s losses only if such Partnership is classified for federal income tax purposes as a partnership (or an entity that is disregarded for federal income tax
purposes if the entity has only one owner or member) rather than as a corporation or an association taxable as a corporation. An unincorporated entity with at least two owners or members will be classified as a partnership, rather than as a
corporation, for federal income tax purposes if it: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">is treated as a partnership under the Treasury regulations relating to entity classification (the <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;check-the-box</FONT></FONT> regulations&#148;); and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">is not a &#147;publicly traded&#148; partnership. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">check-the-box</FONT></FONT> regulations, an unincorporated entity with at least
two owners or members may elect to be classified either as an association taxable as a corporation or as a partnership. If such an entity fails to make an election, it generally will be treated as a partnership (or an entity that is disregarded for
federal income tax purposes if the entity has only one owner or member) for federal income tax purposes. Each Partnership intends to be classified as a partnership for federal income tax purposes, and no Partnership will elect to be treated as an
association taxable as a corporation under the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">check-the-box</FONT></FONT> regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A publicly traded partnership is a partnership whose interests are traded on an established securities market or are readily tradable on a secondary market or
the substantial equivalent thereof. A publicly traded partnership will not, however, be treated as a corporation for any taxable year if, for each taxable year, 90% or more of the partnership&#146;s gross income for such year consists of certain
passive-type income, including real property rents, gains from the sale or other disposition of real property, interest, and dividends (the &#147;90% passive income exception&#148;). Treasury regulations (the &#147;PTP regulations&#148;) provide
limited safe harbors from the definition of a publicly traded partnership. Pursuant to one of those safe harbors (the &#147;private placement exclusion&#148;), interests in a partnership will not be treated as readily tradable on a secondary market
or the substantial equivalent thereof if (1)&nbsp;all interests in the partnership were issued in a transaction or transactions that were not required to be registered under the Securities Act, and (2)&nbsp;the partnership does not have more than
100 partners at any time during the partnership&#146;s taxable year. In determining the number of partners in a partnership, a person owning an interest in a partnership, grantor trust, or S&nbsp;corporation that owns an interest in the partnership
is treated as a partner in such partnership only if (1)&nbsp;substantially all of the value of the owner&#146;s interest in the entity is attributable to the entity&#146;s direct or indirect interest in the partnership and (2)&nbsp;a principal
purpose of the use of the entity is to permit the partnership to satisfy the <FONT STYLE="white-space:nowrap">100-partner</FONT> limitation. Each Partnership is expected to qualify for the private placement exclusion in the foreseeable future. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have not requested, and do not intend to request, a ruling from the IRS that the Partnerships will be classified as partnerships for federal income tax
purposes. If for any reason a Partnership were taxable as a corporation, rather than as a partnership, for federal income tax purposes, we likely would not be able to qualify as a REIT unless we qualified for certain relief provisions. See
&#147;&#151;&nbsp;Gross Income Tests&#148; and &#147;&#151;&nbsp;Asset Tests.&#148; In addition, any change in a Partnership&#146;s status for tax purposes might be treated as a taxable event, in which case we might incur tax liability without any
related cash distribution. See &#147;&#151;&nbsp;Distribution Requirements.&#148; Further, items of income and deduction of such Partnership would not pass through to its partners, and its partners would be treated as shareholders for tax purposes.
Consequently, such Partnership would be required to pay income tax at corporate rates on its net income, and distributions to its partners would constitute dividends that would not be deductible in computing such Partnership&#146;s taxable income.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">108 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Income Taxation of the Partnerships and their Partners </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Partners, Not the Partnerships, Subject to Tax.</I>&nbsp;A partnership is not a taxable entity for federal income tax purposes. Rather, we are required to
take into account our allocable share of each Partnership&#146;s income, gains, losses, deductions, and credits for any taxable year of such Partnership ending within or with our taxable year, without regard to whether we have received or will
receive any distribution from such Partnership. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Partnership Allocations.</I>&nbsp;Although a partnership agreement generally will determine the
allocation of income and losses among partners, such allocations will be disregarded for tax purposes if they do not comply with the provisions of the federal income tax laws governing partnership allocations. If an allocation is not recognized for
federal income tax purposes, the item subject to the allocation will be reallocated in accordance with the partners&#146; interests in the partnership, which will be determined by taking into account all of the facts and circumstances relating to
the economic arrangement of the partners with respect to such item. Each Partnership&#146;s allocations of taxable income, gain, and loss are intended to comply with the requirements of the federal income tax laws governing partnership allocations.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Tax Allocations With Respect to Our Properties.</I>&nbsp;Income, gain, loss, and deduction attributable to appreciated or depreciated property that is
contributed to a partnership in exchange for an interest in the partnership must be allocated in a manner such that the contributing partner is charged with, or benefits from, respectively, the unrealized gain or unrealized loss associated with the
property at the time of the contribution. The amount of such unrealized gain or unrealized loss <FONT STYLE="white-space:nowrap">(&#147;built-in</FONT> gain&#148; or <FONT STYLE="white-space:nowrap">&#147;built-in</FONT> loss&#148;) is generally
equal to the difference between the fair market value of the contributed property at the time of contribution and the adjusted tax basis of such property at the time of contribution (a <FONT STYLE="white-space:nowrap">&#147;book-tax</FONT>
difference&#148;). Any property purchased by our Operating Partnership for cash initially will have an adjusted tax basis equal to its fair market value, resulting in no <FONT STYLE="white-space:nowrap">book-tax</FONT> difference. Our Operating
Partnership has acquired properties by contribution in exchange for interests in our Operating Partnership, which resulted in <FONT STYLE="white-space:nowrap">book-tax</FONT> differences. Allocations with respect to
<FONT STYLE="white-space:nowrap">book-tax</FONT> differences are solely for federal income tax purposes and do not affect the book capital accounts or other economic or legal arrangements among the partners. The U.S.&nbsp;Treasury Department has
issued regulations requiring partnerships to use a &#147;reasonable method&#148; for allocating items with respect to which there is a <FONT STYLE="white-space:nowrap">book-tax</FONT> difference and outlining several reasonable allocation methods.
Under certain available methods, the carryover basis of contributed properties in the hands of our Operating Partnership (i)&nbsp;would cause us to be allocated lower amounts of depreciation deductions for tax purposes than would be allocated to us
if all contributed properties were to have a tax basis equal to their fair market value at the time of the contribution and (ii)&nbsp;in the event of a sale of such properties, could cause us to be allocated taxable gain in excess of the economic or
book gain allocated to us as a result of such sale, with a corresponding benefit to the contributing partners. An allocation described in (ii)&nbsp;above might cause us to recognize taxable income in excess of cash proceeds in the event of a sale or
other disposition of property, which might adversely affect our ability to comply with the REIT distribution requirements and may result in a greater portion of our distributions being taxed as dividends. Our Operating Partnership generally intends
to use the &#147;traditional&#148; method for allocating items with respect to which there is a <FONT STYLE="white-space:nowrap">book-tax</FONT> difference caused by the contribution of properties to our Operating Partnership in exchange for
interests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any property acquired by our Operating Partnership in a taxable transaction will initially have a tax basis equal to its fair market value,
and Section&nbsp;704(c) of the Code generally will not apply. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Basis in Partnership Units.</I>&nbsp;Our adjusted tax basis in our common units in our
Operating Partnership generally is equal to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the amount of cash and the basis of any other property contributed by us to our Operating Partnership;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">increased by our allocable share of our Operating Partnership&#146;s income and our allocable share of
indebtedness of our Operating Partnership; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reduced, but not below zero, by our allocable share of our Operating Partnership&#146;s loss and the amount of
cash distributed to us, and by constructive distributions resulting from a reduction in our share of indebtedness of our Operating Partnership. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the allocation of our distributive share of our Operating Partnership&#146;s loss would reduce the adjusted tax basis of our common units below zero, the
recognition of such loss will be deferred until such time as the recognition of such loss would not reduce our adjusted tax basis below zero. To the extent that our Operating Partnership&#146;s distributions, or any decrease in our share of the
indebtedness of our Operating Partnership, which is considered a constructive cash distribution to the partners, reduce our adjusted tax basis below zero, such distributions will constitute taxable income to us. Such distributions and constructive
distributions normally will be characterized as long-term capital gain. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">109 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Sale of a Partnership&#146;s Property </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generally, any gain realized by a Partnership on the sale of property held by the Partnership for more than one year will be long-term capital gain, except for
any portion of such gain that is treated as depreciation or cost recovery recapture. Any gain or loss recognized by a Partnership on the disposition of contributed properties will be allocated first to the partners of the Partnership who contributed
such properties to the extent of their <FONT STYLE="white-space:nowrap">built-in</FONT> gain or loss on those properties for federal income tax purposes. The partners&#146; <FONT STYLE="white-space:nowrap">built-in</FONT> gain or loss on such
contributed properties will equal the difference between the partners&#146; proportionate share of the book value of those properties and the partners&#146; tax basis allocable to those properties at the time of the contribution. Any remaining gain
or loss recognized by the Partnership on the disposition of the contributed properties, and any gain or loss recognized by the Partnership on the disposition of the other properties, will be allocated among the partners in accordance with their
respective percentage interests in the Partnership. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our share of any gain realized by a Partnership on the sale of any property held by the Partnership
as inventory or other property held primarily for sale to customers in the ordinary course of the Partnership&#146;s trade or business will be treated as income from a prohibited transaction that is subject to a 100% penalty tax. Such prohibited
transaction income also may have an adverse effect upon our ability to satisfy the income tests for REIT status. See &#147;&#151;&nbsp;Gross Income Tests.&#148; We do not presently intend to acquire or hold or to allow any partnership to acquire or
hold any property that represents inventory or other property held primarily for sale to customers in the ordinary course of our or such partnership&#146;s trade or business. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>State, Local and Foreign Taxes </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We and you may be subject
to taxation by various states, localities and foreign jurisdictions, including those in which we or a shareholder transacts business, owns property or resides. The state, local and foreign tax treatment may differ from the federal income tax
treatment described above. Consequently, you are urged to consult your own tax advisors regarding the effect of state, local and foreign tax laws upon an investment in our common stock. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_20"></A>ERISA CONSIDERATIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A fiduciary of a pension, profit sharing, retirement or other employee benefit plan, or plan, subject to the Employee Retirement Income Security Act of 1974,
as amended (&#147;ERISA&#148;), should consider the fiduciary standards under ERISA in the context of the plan&#146;s particular circumstances before authorizing an investment of a portion of such plan&#146;s assets in our common stock. Accordingly,
such fiduciary should consider (i)&nbsp;whether the investment satisfies the diversification requirements of Section&nbsp;404(a)(1)(C) of ERISA, (ii)&nbsp;whether the investment is in accordance with the documents and instruments governing the plan
as required by Section&nbsp;404(a)(1)(D) of ERISA, and (iii)&nbsp;whether the investment is prudent under ERISA. In addition to the imposition of general fiduciary standards of investment prudence and diversification, ERISA, and the corresponding
provisions of the Code, prohibit a wide range of transactions involving the assets of the plan and persons who have certain specified relationships to the plan (&#147;parties in interest&#148; within the meaning of ERISA, &#147;disqualified
persons&#148; within the meaning of the Code). Thus, a plan fiduciary considering an investment in our common stock also should consider whether the acquisition or the continued holding of the shares might constitute or give rise to a direct or
indirect prohibited transaction that is not subject to an exemption issued by the Department of Labor (the &#147;DOL&#148;). Similar restrictions apply to many governmental and foreign plans which are not subject to ERISA. Thus, those considering
investing in the shares on behalf of such a plan should consider whether the acquisition or the continued holding of the shares might violate any such similar restrictions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The DOL has issued final regulations (the &#147;DOL Regulations&#148;), as to what constitutes assets of an employee benefit plan under ERISA. Under the DOL
Regulations, if a plan acquires an equity interest in an entity, which interest is neither a &#147;publicly offered security&#148; nor a security issued by an investment company registered under the Investment Company Act, the plan&#146;s assets
would include, for purposes of the fiduciary responsibility provision of ERISA, both the equity interest and an undivided interest in each of the entity&#146;s underlying assets unless certain specified exceptions apply. The DOL Regulations define a
publicly offered security as a security that is &#147;widely held,&#148; &#147;freely transferable,&#148; and either part of a class of securities registered under the Exchange Act, or sold pursuant to an effective registration statement under the
Securities Act (provided the securities are registered under the Exchange Act within 120&nbsp;days after the end of the fiscal year of the issuer during which the public offering occurred). The shares are being sold in an offering registered under
the Securities Act and will be registered under the Exchange Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The DOL Regulations provide that a security is &#147;widely held&#148; only if it is
part of a class of securities that is owned by 100 or more investors independent of the issuer and of one another. A security will not fail to be &#147;widely held&#148; because the number of independent investors falls below 100 subsequent to the
initial public offering as a result of events beyond the issuer&#146;s control. We expect our common stock to be &#147;widely held&#148; upon completion of this offering. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">110 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The DOL Regulations provide that whether a security is &#147;freely transferable&#148; is a factual question
to be determined on the basis of all relevant facts and circumstances. We believe that the restrictions imposed under our articles of incorporation on the transfer of our shares are limited to the restrictions on transfer generally permitted under
the DOL Regulations and are not likely to result in the failure of the common stock to be &#147;freely transferable.&#148; The DOL Regulations only establish a presumption in favor of the finding of free transferability, and, therefore, no assurance
can be given that the DOL will not reach a contrary conclusion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Assuming that the common stock will be &#147;widely held&#148; and &#147;freely
transferable,&#148; we believe that our common stock will be publicly offered securities for purposes of the DOL Regulations and that our assets will not be deemed to be &#147;plan assets&#148; of any plan that invests in our common stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each holder of our common stock will be deemed to have represented and agreed that its purchase and holding of such common stock (or any interest therein)
will not constitute or result in a <FONT STYLE="white-space:nowrap">non-exempt</FONT> prohibited transaction under ERISA or Section&nbsp;4975 of the Code. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_21"></A>UNDERWRITING </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the terms and conditions set forth in an underwriting agreement among us, our Operating Partnership and the representative of the underwriters,
Maxim Group LLC (&#147;Maxim&#148; or &#147;Representative&#148;), we have agreed to sell to the underwriters, and the underwriters have agreed to purchase from us, an aggregate of 1,500,000&nbsp;Units assuming a public offering price of
$11&nbsp;per Unit as shown in the table below. Subject to the terms and conditions set forth in the underwriting agreement, the underwriters have agreed to purchase all of the Units sold under the underwriting agreement if any of these Units are
purchased. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="82%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Underwriter</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of Units</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Maxim Group LLC</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Joseph Gunnar &amp; Co. LLC</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriters are offering Units, subject to prior sale, when, as and if issued to and accepted by them, subject to
approval of legal matters by their counsel, including the validity of the Units, and other conditions contained in the underwriting agreement, such as the receipt by the underwriters of officer&#146;s certificates and legal opinions. The
underwriters reserve the right to withdraw, cancel or modify offers to the public and to reject orders in whole or in part. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Over-Allotment Option
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have granted to the underwriters an option, exercisable not later than 30 days after the effective date of the underwriting agreement, to purchase
up to an additional 225,000&nbsp;Units. The underwriters may exercise this option only to cover over-allotments made in connection with this offering. If the underwriters exercise this option, they will be obligated, subject to conditions contained
in the underwriting agreement, to purchase the same percentage of shares of Units as the number of Units purchased by it under the underwriting agreement. We will be obligated, pursuant to the option, to sell these additional Units to the
underwriters to the extent the option is exercised. If any additional Units are purchased, the underwriters will offer the additional Units on the same terms as those being offered hereunder. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Discounts and Commissions </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have agreed to an
underwriting discount of 9% of the public offering price of the Units sold in this offering. The underwriters propose to offer the Units directly to the public at the public offering price set forth on the cover of this prospectus. In addition, the
underwriters may offer some of the Units to other securities dealers at such price less a concession of up to &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; per Unit. After the offering to the
public, the offering price and other selling terms may be changed by the underwriters without changing the proceeds we will receive from the underwriters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table summarizes the public offering price, underwriting commissions and proceeds before expenses to us assuming both no
exercise and full exercise of the underwriters&#146; option to purchase additional Units. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">111 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="66%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Per<BR>Unit</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Total&nbsp;Without<BR><FONT STYLE="white-space:nowrap">Over-Allotment</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Total&nbsp;With<BR><FONT STYLE="white-space:nowrap">Over-Allotment</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Public offering price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">16,500,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,975,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Underwriting discounts and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.99</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,485,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,707,750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds to us before expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10.01</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,015,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,267,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We estimate the total expenses of this offering, including registration, filing and listing fees, printing fees and legal and
accounting expenses, but excluding underwriting discounts and commissions, will be approximately $1,137,000, all of which are payable by us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have also
granted the Representative a right of first refusal to act as lead book-running underwriter or placement agents on any subsequent private or public offering of our securities, including equity-linked securities, for a period of 18 months from the
sale of Units in this offering. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Representative&#146;s Warrants </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have also agreed to issue to the Representative warrants to purchase a number of common shares equal to an aggregate of 9% of the number of Units sold in
this offering (the &#147;Representative&#146;s Warrants&#148;). The Representative&#146;s Warrants will have an exercise price equal to 125% of the initial public offering price in this offering. The Representative&#146;s Warrants may be exercised
on a cashless basis. The Representative&#146;s Warrants will be exercisable six months following the closing date until the fifth anniversary of the effective date of the registration statement of which this prospectus is a part, which period is in
compliance with FINRA Rule 5110(e). The Representative (or permitted assignees under Rule 5110(e)(2)) will not sell, transfer, assign, pledge, or hypothecate these warrants or the securities underlying these warrants, nor will they engage in any
hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the warrants or the underlying securities for a period of 180 days from the effective date of the registration statement of which
this prospectus is a part. The Representative&#146;s Warrants are not redeemable by us. The Representative&#146;s Warrants also provide for unlimited &#147;piggyback&#148; registration rights at our expense with respect to the underlying common
shares during the five-year period commencing on the closing date of the offering. The registration rights provided will not be greater than five years from the effective date of the registration statement of which this prospectus is a part in
compliance with FINRA Rule 5110(g)(8). We will bear all fees and expenses attendant to registering the securities issuable on exercise of the Representative&#146;s Warrants. The Representative&#146;s Warrants will provide for adjustment in the
number and exercise price of such warrants (and the common shares underlying such warrants) in the event of recapitalization, merger or other fundamental transaction. However, the warrant exercise price or underlying shares will not be adjusted for
issuances of shares of common stock at a price below the warrant exercise price. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Selling Stockholders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No securities are being sold for the account of stockholders; the Company will receive all the net proceeds of this offering. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Lock-Up</FONT> Agreements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We and all of our executive officers, directors and our 5% or greater stockholders have entered into <FONT STYLE="white-space:nowrap">lock-up</FONT> agreements
with the underwriters pursuant to which they will agree, subject to certain exceptions, not to offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any shares of our common stock or other
securities convertible into or exercisable or exchangeable for shares of our common stock for a period of 180 days (90 days in the case of Kitty Talk, Inc.) after the effective date of the registration statement of which this prospectus is a part
without the prior written consent of the underwriters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriters may in their sole discretion and at any time without notice release some or all
of the securities subject to <FONT STYLE="white-space:nowrap">lock-up</FONT> agreements prior to the expiration of the <FONT STYLE="white-space:nowrap">lock-up</FONT> period. When determining whether or not to release securities from the <FONT
STYLE="white-space:nowrap">lock-up</FONT> agreements, the underwriters will consider, among other factors, the security holder&#146;s reasons for requesting the release, the number of securities for which the release is being requested and market
conditions at the time. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Price Stabilization, Short Positions and Penalty Bids </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with this offering, the underwriters may engage in transactions that stabilize, maintain or otherwise affect the price of our securities.
Specifically, the underwriters may over-allot in connection with this offering by selling more securities than are set forth on the cover page of this prospectus. This creates a short position in our securities for the underwriter&#146;s own
account. The short position may be either a covered short position or a naked short position. In a covered short position, the number of securities over-allotted by an underwriter is not greater than the number of securities that they may purchase
in the over-allotment option. In a naked short position, the number of securities involved is greater than the number of securities in the over-allotment option. To close out a short position, an underwriter may elect to exercise all or part of the
over-allotment option. An underwriter may also elect to stabilize the price of our securities or reduce any short position by bidding for, and purchasing, securities in the open market. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriters may also impose a penalty bid. This occurs when a particular underwriter or dealer repays selling concessions allowed to it for distributing
a security in this offering because the underwriter repurchases that security in stabilizing or short covering transactions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">112 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Finally, the underwriters may bid for, and purchase, our securities in market making transactions, including
&#147;passive&#148; market making transactions as described below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These activities may stabilize or maintain the market price of our securities at a
price that is higher than the price that might otherwise exist in the absence of these activities. The underwriters are not required to engage in these activities, and may discontinue any of these activities at any time without notice. These
transactions may be effected on Nasdaq, in the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> market, or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with this offering, the underwriters and selling group members, if any, or their affiliates may engage in passive market making transactions in
our common stock immediately prior to the commencement of sales in this offering, in accordance with Rule 103 of Regulation M under the Exchange Act. Rule 103 generally provides that: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a passive market maker may not effect transactions or display bids for our common stock in excess of the highest
independent bid price by persons who are not passive market makers; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">net purchases by a passive market maker on each day are generally limited to 30% of the passive market
maker&#146;s average daily trading volume in our common stock during a specified <FONT STYLE="white-space:nowrap">two-month</FONT> prior period or 200 shares of common stock, whichever is greater, and must be discontinued when that limit is reached;
and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">passive market making bids must be identified as such. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Expense Reimbursement </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, we have agreed to
reimburse Maxim for all reasonable <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses up to $125,000, including but not limited to reasonable legal fees, incurred by it in connection with the
offering, $15,000 of which has been paid to Maxim in advance to cover reasonably anticipated <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses. The $15,000 advance shall be applied towards the
$125,000 fee for reasonable out-of-pocket expenses and will be reimbursed to us to the extent Maxim incurs less than $15,000 of out-of-pocket expenses. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Relationship with the Underwriters </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain of the
underwriters and their affiliates have engaged, and may in the future engage, in investment banking transactions and other commercial dealings in the ordinary course of business with us or our affiliates. They have received, or may in the future
receive, customary fees and commissions for these transactions. As of the date hereof, an affiliate of Maxim holds 15,299 shares of our common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
addition, in the ordinary course of their business activities, the underwriters and their affiliates may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) for their own account
and for the accounts of their customers. Such investments and securities activities may involve securities and/or instruments of ours or our affiliates. The underwriters and its affiliates may also make investment recommendations and/or publish or
express independent research views in respect of such securities or financial instruments and may hold, or recommend to clients that they acquire, long and/or short positions in such securities and instruments. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Indemnification </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have agreed to indemnify the
underwriters against liabilities relating to the offering arising under the Securities Act and the Exchange Act, liabilities arising from breaches of some or all of the representations and warranties contained in the underwriting agreement, and to
contribute to payments that the underwriters may be required to make for these liabilities. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Electronic Distribution </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A prospectus in electronic format may be made available on a website maintained by the underwriters. The underwriters may agree to allocate a number of shares
to underwriters for sale to their online brokerage account holders. In connection with the offering, the underwriters may distribute prospectuses electronically. No forms of electronic prospectus other than prospectuses that are printable as Adobe<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP> PDF will be used in connection with this offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriters have informed us that they do
not expect to confirm sales of Units offered by this prospectus to accounts over which they exercise discretionary authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other than the prospectus
in electronic format, the information on the underwriters&#146; websites and any information contained in any other website maintained by an underwriter is not part of this prospectus or the registration statement of which this prospectus forms a
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">113 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
part, has not been approved and/or endorsed by us or an underwriter in its capacity as underwriter and should not be relied upon by investors. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Foreign Regulatory Restrictions on Purchase of Securities Offered Hereby Generally </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No action has been or will be taken in any jurisdiction (except in the United States) that would permit a public offering of the securities offered by this
prospectus, or the possession, circulation or distribution of this prospectus or any other material relating to us or the securities offered hereby in any jurisdiction where action for that purpose is required. Accordingly, the securities offered
hereby may not be offered or sold, directly or indirectly, and neither of this prospectus nor any other offering material or advertisements in connection with the securities offered hereby may be distributed or published, in or from any country or
jurisdiction except in compliance with any applicable rules and regulations of any such country or jurisdiction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The underwriters may arrange to sell
securities offered by this prospectus in certain jurisdictions outside the United States, either directly or through affiliates, where it is permitted to do so. The foregoing does not purport to be a complete statement of the terms and conditions of
the underwriting agreement. A copy of the underwriting agreement is included as an exhibit to the Registration Statement of which this prospectus forms a part. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_22"></A>LEGAL MATTERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain legal matters in connection with this offering, including the validity of the Securities being offered hereby, will be passed upon for us by
Foley&nbsp;&amp; Lardner LLP. Certain legal matters in connection with this offering will be passed upon for the underwriters by Harter Secrest&nbsp;&amp; Emery LLP. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_23"></A>EXPERTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
audited financial statements included in this prospectus and elsewhere in the registration statement have been so included in reliance on the reports of MaloneBailey LLP, independent registered public accountants, upon the authority of said firm as
experts in auditing and accounting. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx845232_24"></A>WHERE YOU CAN FIND MORE INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have filed a registration statement on <A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312519323383/d845232ds11.htm">Form <FONT
STYLE="white-space:nowrap">S-11</FONT></A> with the SEC for the Securities we are offering by this prospectus. This prospectus does not include all of the information contained in the registration statement. You should refer to the registration
statement and its exhibits for additional information. Whenever we make statements in this prospectus as to the contents of our contracts, agreements or other documents, the statements are not necessarily complete and, where that contract, agreement
or other document has been filed as an exhibit to the registration statement, each statement in this prospectus is qualified in all respects by the exhibit to which the statement relates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You can read our SEC filings, including the registration statement, free of charge on the SEC&#146;s website, www.sec.gov. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We maintain a website at https://www.gipreit.com. Information contained on our website is not incorporated by reference into this prospectus, and you should
not consider information contained on our website to be part of this prospectus. We will provide each person, including any beneficial owner, to whom this prospectus is delivered, a copy of any or all of the reports or documents that have been
incorporated by reference in this prospectus but not delivered with this prospectus. We will provide these reports or documents upon oral or written request to Richard Russell at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 or by
calling (813) <FONT STYLE="white-space:nowrap">225-4122.</FONT> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">114 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="index"></A>Index to Consolidated Financial Statements </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Generation Income Properties, Inc. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Six
Months Ended June 30, 2021 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_1">Unaudited Consolidated Balance Sheets as of June 30, 2021 and December 31, 2020
</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-2</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_2">Unaudited Consolidated Statements of Operations for the Six Months Ended June
 30, 2021 and 2020</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-3</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_3">Unaudited Consolidated Statements of Stockholders&#146; Equity for the Six Months
 Ended June 30, 2021 and 2020</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-4</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_4">Unaudited Consolidated Statements of Cash Flows for the Six Months Ended June
 30, 2021 and 2020</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-5</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_5">Notes to Unaudited Consolidated Financial Statements</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-6</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Years Ended December&nbsp;31, 2020 and 2019</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_6">Report of Independent Registered Public Accounting Firm</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_7">Consolidated Balance Sheets</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_8">Consolidated Statements of Operations</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_9">Consolidated Statements of Stockholders&#146; Equity </A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_10">Consolidated Statements of Cash Flows</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin845232_11">Notes to Consolidated Financial Statements</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_1"></A>Generation Income Properties, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Consolidated Balance Sheets </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="78%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(Unaudited)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B><U>Assets</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Investment in real estate</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">41,161,385</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">37,352,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tenant improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482,701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482,701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,247,641</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,014,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less accumulated depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,094,151</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,317,454</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,797,576</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,531,843</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">574,292</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">937,564</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred rent asset</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132,279</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126,655</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prepaid expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">267,957</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134,165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred financing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">964,072</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">614,088</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95,812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,794</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Escrow deposit and other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114,901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,831</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>43,981,389</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,680,740</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B><U>Liabilities and Stockholder&#146;s Equity</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">163,114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">118,462</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">630,436</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">406,125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible liability, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">851,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">415,648</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Insurance payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">145,159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,869</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred rent liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126,324</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">188,595</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note Payable - related party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mortgage loans, net of unamortized discount of $665,259 and $689,190 at June&nbsp;30, 2021 and
December&nbsp;31, 2020, respectively</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,280,176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,356,571</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,296,885</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,626,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interests</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,134,431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,684,431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Stockholders&#146; Equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock, $0.01 par value, 100,000,000 shares authorized; 582,867 shares issued and
outstanding at June&nbsp;30, 2021 and 576,918 at December&nbsp;31, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,829</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,770</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional <FONT STYLE="white-space:nowrap">paid-in</FONT> capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,570,728</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,541,411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated deficit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,026,484</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,177,142</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total Generation Income Properties, Inc. stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">550,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,370,039</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total Liabilities and Stockholders&#146; Equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>43,981,389</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,680,740</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these unaudited financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_2"></A>Generation Income Properties, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Consolidated Statements of Operations (unaudited) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="66%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Three&nbsp;Months&nbsp;ended<BR>June 30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Six Months ended<BR>June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Revenue</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rental income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">988,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">877,604</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,925,078</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,758,242</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General, administrative and organizational costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">302,104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155,896</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">539,991</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">397,260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Building expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">163,722</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166,167</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">344,275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">355,628</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">397,186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">363,001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">776,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">720,019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest expense, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">337,432</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">350,163</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">692,421</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">726,453</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Compensation costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">105,411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">211,062</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152,794</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,305,855</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,120,328</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,564,446</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,352,154</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net Loss</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(317,665</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(242,724</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(639,368</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(593,912</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: Net income attributable to <FONT STYLE="white-space:nowrap">Non-controlling</FONT>
interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,851</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">182,695</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net Loss attributable to Generation Income Properties, Inc.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(376,813</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(282,575</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(849,342</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(776,607</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total Weighted Average Shares of Common Stock Outstanding &#150; Basic and Diluted</B></P></TD>

<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">582,867</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">525,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">581,264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">525,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Basic and Diluted Loss Per Share Attributable to Common Stockholders</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.65</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(0.54</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1.46</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1.48</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these unaudited financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_3"></A>Generation Income Properties, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Consolidated Statements of Stockholders&#146; Equity </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the Three Months Ended June&nbsp;30, 2021 and 2020 (unaudited) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="45%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Common Stock</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Additional</B><br><B><FONT STYLE="white-space:nowrap">Paid-In</FONT></B><br><B>Capital</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Accumulated</B><br><B>Deficit</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Generation&nbsp;Income</B><br><B>Properties, Inc.</B><br><B>Stockholders&#146;</B><br><B>Equity</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Redeemable<BR><FONT STYLE="white-space:nowrap">Non-Controlling</FONT></B><br><B>Interest</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December&nbsp;31, 2019</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>525,250</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,253</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;4,773,639</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2,345,489</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;2,433,403</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,198,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued for services</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT>
Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(142,844</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dividends paid on Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(105,101</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(105,101</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(494,032</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(494,032</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">142,844</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, March&nbsp;31, 2020</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>525,250</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,253</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 4,688,561</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2,839,521</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 1,854,293</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,198,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued for services</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,009</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,009</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT>
Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39,851</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dividends paid on Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(282,575</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(282,575</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,851</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, June&nbsp;30, 2020</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>525,250</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,253</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 4,715,570</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3,122,096</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 1,598,727</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,198,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December&nbsp;31, 2020</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>576,918</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,770</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,541,411</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4,177,142</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,370,039</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,684,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued in lieu of cash compensation and accrued liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,978</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted stock unit compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,434</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,471</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interest for
property acquisition</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">500,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT>
Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(150,826</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dividends paid on common stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(114,373</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(114,373</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(472,529</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(472,529</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150,826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, March&nbsp;31, 2021</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>582,867</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,829</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 5,520,450</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4,649,671</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 876,608</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,184,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued for cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted stock unit compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interest for
property acquisition</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">950,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT>
Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59,148</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net (loss) income for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(376,813</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(376,813</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, June&nbsp;30, 2021</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>582,867</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,829</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 5,570,728</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(5,026,484</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 550,073</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,134,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these unaudited financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_4"></A>Generation Income Properties, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Consolidated Statements of Cash Flows (unaudited) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="81%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Six Months Ended June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>OPERATING ACTIVITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(639,368</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(593,912</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to reconcile net loss to cash used in operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">559,962</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">514,788</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">216,735</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">205,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of debt issuance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63,922</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,786</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of below market leases</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(75,592</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(54,749</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued in lieu of cash compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted stock unit compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Changes in operating assets and liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,018</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(168</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39,070</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25,114</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred rent asset</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,624</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,413</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prepaid expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(133,792</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(46,828</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,652</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(49,667</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(80,523</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,994</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred rent liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(62,271</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,359</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net cash provided by (used in) operating activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(38,238</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>142,165</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CASH FLOWS FROM INVESTING ACTIVITIES:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase of land, buildings, other tangible and intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,530,810</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(150,537</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net cash used in investing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3,530,810</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(150,537</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CASH FLOWS FROM FINANCING ACTIVITIES:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds from issuance of redeemable interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,450,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Repayments of note payable - related party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(800,000</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mortgage loan borrowings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,125,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,287,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mortgage loan repayments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(225,326</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,942,592</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred financing costs paid in cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34,150</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(77,851</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Debt issuance costs paid in cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39,991</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(564,857</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Insurance financing borrowings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">277,059</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106,084</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Insurance financing repayments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(172,769</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(88,014</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on redeemable <FONT STYLE="white-space:nowrap">non-controlling</FONT>
interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(209,974</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(182,695</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dividends paid on common stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(114,373</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(105,101</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net cash generated from (used in) financing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,055,476</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(367,526</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net decrease in cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(513,572</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(375,898</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents and restricted cash - beginning of period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,122,364</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,398,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents and restricted cash - end of period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>608,792</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,022,467</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CASH TRANSACTIONS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest Paid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">629,147</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">634,285</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">NON-CASH</FONT> TRANSACTIONS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stock issued for accrued liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these unaudited financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_5"></A>GENERATION INCOME PROPERTIES, INC. AND SUBSIDIARIES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 1 &#150; Nature of Operations </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generation Income
Properties, Inc. (the &#147;Company&#148;) was formed as a Maryland corporation on September&nbsp;19, 2015 to opportunistically acquire and invest in freestanding, single-tenant commercial properties located primarily in major cities in the United
States. The Company is internally managed and intends on net leasing properties to investment grade tenants. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company formed Generation Income
Properties L.P. (the &#147;Operating Partnership&#148;) in October 2015. Substantially all of the Company&#146;s assets will be held by, and operations will be conducted through the Operating Partnership. The Company will be the general partner of
the Operating Partnership which has a current ownership of 60.9%. The Company formed a Maryland entity GIP REIT OP Limited LLC in 2018 that owns 0.01% of the Operating Partnership. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 2 &#150; Summary of Significant Accounting Policies </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Basis of Presentation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information furnished reflects
all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the financial statements not misleading. Certain information and footnote disclosures normally present in annual financial
statements prepared in accordance with accounting principles generally accepted in the United States of America (&#147;U.S. GAAP&#148;) were omitted pursuant to such rules and regulations. These financial statements should be read in conjunction
with the audited financial statements and footnotes included in the Company&#146;s Annual Report on Form <FONT STYLE="white-space:nowrap">1-K</FONT> filed with the SEC on March&nbsp;12, 2021. The results for the six months ended June&nbsp;30, 2021,
are not necessarily indicative of the results to be expected for the year ending December&nbsp;31, 2021. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company adopted the calendar year as its
basis of reporting. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Consolidation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The accompanying
consolidated financial statements include the accounts of Generation Income Properties, Inc. and the Operating Partnership and all of the direct and indirect wholly-owned subsidiaries of the Operating Partnership and the Company&#146;s subsidiaries.
All significant inter-company balances and transactions have been eliminated in the consolidated financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The consolidated financial
statements include the accounts of all entities in which the Company has a controlling interest. The ownership interests of other investors in these entities are recorded as <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests or
redeemable <FONT STYLE="white-space:nowrap">non-controlling</FONT> interest. <FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests are adjusted each period for additional contributions, distributions, and the allocation of net income or
loss attributable to the <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cash </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company considers all demand deposits, cashier&#146;s checks and money market accounts to be cash equivalents. Amounts included in restricted cash
represent funds held by the Company related to tenant escrow reimbursements and immediate repair reserve. The following table provides a reconciliation of the Company&#146;s cash and cash equivalents and restricted cash that sums to the total of
those amounts at the end of the periods presented on the Company&#146;s accompanying Consolidated Statements of Cash Flows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="75%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;574,292</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 937,564</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total cash and cash equivalents and restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">608,792</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,122,364</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Revenue Recognition </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
have determined that all of our leases should be accounted for as operating leases. The Company leases real estate to its tenants under long-term net leases which we account for as operating leases. Under this method, leases that have fixed and
determinable rent increases are recognized on a straight-line basis over the lease term. Certain leases also provide for additional rent based on tenants&#146; sales volumes. These rents are recognized when determinable after the tenant exceeds a
sales breakpoint. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Recognizing rent escalations on a straight-line method results in rental revenue in the early years of a
lease being higher than actual cash received, creating a straight-line rent asset. Conversely, when actual cash collected is greater than the amount recognized on a straight-line basis, the difference is recognized as a liability. To the extent any
of the tenants under these leases become unable to pay their contractual cash rents, the Company may be required to write down the straight-line rent receivable from those tenants, which would reduce rental income. Deferred rent asset as of
June&nbsp;30, 2021 and December&nbsp;31, 2020 was approximately $132,300 and $126,700, respectively. Deferred rent liability as of June&nbsp;30, 2021 and December&nbsp;31, 2020 was approximately $126,300 and $188,600, respectively, of which $95,400
and $165,800 respectively related to prepaid rent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company reviews the collectability of charges under its tenant operating leases on a regular
basis, taking into consideration changes in factors such as the tenant&#146;s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area where the
property is located. In the event that collectability with respect to any tenant changes, beginning with the adoption of ASC 842 as of January&nbsp;1, 2019, the Company recognizes an adjustment to rental income. The Company&#146;s review of
collectability of charges under its operating leases includes any accrued rental revenues related to the straight-line method of reporting rental revenue. There were no allowances for receivables recorded for the six months ended June 30, 2021 or
2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s leases provide for reimbursement from tenants for common area maintenance (&#147;CAM&#148;), insurance, real estate taxes and
other operating expenses. A portion of our operating cost reimbursement revenue is estimated each period and is recognized as rental income in the period the recoverable costs are incurred and accrued. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company often recognizes above- and below-market lease intangibles in connection with acquisitions of real estate. The capitalized above- and below-market
lease intangibles are amortized over the<I> </I>remaining term of the related leases. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stock-Based Compensation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company records all equity-based incentive grants to employees and <FONT STYLE="white-space:nowrap">non-employee</FONT> members of the Company&#146;s Board
of Directors in operating expenses in the Company&#146;s Consolidated Statements of Operations based on their fair values determined on the date of grant. Stock-based compensation expense, reduced for estimated forfeitures, is recognized on a
straight-line basis over the requisite service period of the award, which is generally the vesting term of the outstanding equity awards. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Real Estate
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Acquisitions of real estate are recorded at cost. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Real Estate Purchase Price Assignment </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company
assigns the purchase price of real estate to tangible and intangible assets and liabilities based on fair value. Tangible assets consist of land, buildings and tenant improvements. Intangible assets and liabilities consist of the value of <FONT
STYLE="white-space:nowrap">in-place</FONT> leases and above or below market leases assumed with the acquisition. The Company assessed whether the purchase of the building falls within the definition of a business under ASC 805 and concluded that all
asset transactions were an asset acquisition, therefore it was recorded at the purchase price, including capitalized acquisition costs, which is allocated to land, building, tenant improvements and intangible assets and liabilities based upon their
relative fair values at the date of acquisition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The fair value of the <FONT STYLE="white-space:nowrap">in-place</FONT> lease is the estimated cost to
replace the leases (including loss of rent, estimated commissions and legal fees paid in similar leases). The capitalized <FONT STYLE="white-space:nowrap">in-place</FONT> leases are amortized over the remaining team of the leases as amortization
expense. The fair value of the above or below market lease is the present value of the difference between the contractual amount to be paid pursuant to the <FONT STYLE="white-space:nowrap">in-place</FONT> lease and the estimated current market lease
rate expected over the remaining <FONT STYLE="white-space:nowrap">non-cancelable</FONT> life of the lease. The capitalized above or below market lease values are amortized as a decrease or increase to rental income over the remaining term of the
lease. For additional information, see Note 4 - Acquired Lease Intangible Asset, net and Note 5 - Acquired Lease Intangible Liability, net. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Depreciation Expense </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Real estate and related assets are stated net of accumulated depreciation. Renovations, replacements and other expenditures that improve or extend the life of
assets are capitalized and depreciated over their estimated useful lives. Expenditures for ordinary maintenance and repairs are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated useful life of
the buildings, which are generally between 30 and 50 years, tenant improvements, which are generally between 2 and 10 years. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Income Taxes </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company intends to operate and be taxed as a real estate investment trust (&#147;REIT&#148;) under Section&nbsp;856 through 860 of the Internal Revenue
Code (&#147;Code&#148;), commencing with our taxable year ending December&nbsp;31, 2021. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of its
taxable income to its stockholders. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its taxable income that is currently distributed to stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We account for deferred income taxes using the asset and liability method and recognize deferred tax assets and liabilities for the expected future tax
consequences of events that have been included in our financial statements or tax returns. Under this method, we determine deferred tax assets and liabilities based on the differences between the financial reporting and tax bases of assets and
liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Any increase or decrease in the deferred tax liability that results from a change in circumstances, and that causes us to change our
judgment about expected future tax consequences of events, is included in the tax provision when such changes occur. Deferred income taxes also reflect the impact of operating loss and tax credit carryforwards. A valuation allowance is provided if
we believe it is more likely than not that all or some portion of the deferred tax asset will not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances, and that causes us to change our judgment
about the realizability of the related deferred tax asset, is included in the tax provision when such changes occur. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company also recognizes
liabilities for unrecognized tax benefits which are recognized if the weight of available evidence indicates that it is not <FONT STYLE="white-space:nowrap">more-likely-than-not</FONT> that the positions will be sustained on examination, including
resolution of the related processes, if any. As of each balance sheet date, unrecognized benefits are reassessed and adjusted if the Company&#146;s judgement changes as a result of new information. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Earnings per Share </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In accordance with ASC 260, basic
earnings/loss per share (&#147;EPS&#148;) is computed by dividing net loss attributable to the Company that is available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of
any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock warrants, using the treasury stock method (by using the average stock price for the
period to determine the number of shares assumed to be purchased from the exercise of warrants), and convertible debt, using the <FONT STYLE="white-space:nowrap">if-converted</FONT> method. Diluted EPS excludes all dilutive potential of shares of
common stock if their effect is anti-dilutive. As of June&nbsp;30, 2021 and December&nbsp;31, 2020, there were no common stock dilutive instruments. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Impairments </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company reviews real estate investments
and related lease intangibles, for possible impairment when certain events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable though operations plus estimated disposition proceeds. Events or changes in
circumstances that may occur include, but are not limited to, significant changes in real estate market conditions, estimated residual values, and an expectation to sell assets before the end of the previously estimated life. Impairments are
measured to the extent the current book value exceeds the estimated fair value of the asset less disposition costs for any assets classified as held for sale. There were no impairments during the six months ended June 30, 2021 or 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The valuation of impaired assets is determined using valuation techniques including discounted cash flow analysis, analysis of recent comparable sales
transactions, and purchase offers received from third parties, which are Level&nbsp;3 inputs. The Company may consider a single valuation technique or multiple valuation techniques, as appropriate, when estimating the fair value of its real estate.
Estimating future cash flows is highly subjective and estimates can differ materially from actual results. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Deferred Financing Costs </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021 and December&nbsp;31, 2020, the Company incurred $964&nbsp;thousand and $614&nbsp;thousand of costs associated with its proposed
equity raise. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 3 &#150; Investments in Real Estate </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s real estate is comprised of the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="71%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">41,161,385</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">37,352,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tenant improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482,701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482,701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,247,641</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,014,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,891,727</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,849,297</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less accumulated depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,094,151</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,317,454</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">41,797,576</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">38,531,843</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Depreciation expense for the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021 and 2020 was
approximately $560,000 and $514,800, respectively. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Acquisitions: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021, the Company acquired two properties. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="64%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center">Mateo, NC</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center">Plant City FL</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;2,149,015</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;1,635,824</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,784,839</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100,379</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121,509</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">221,888</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,249,394</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,757,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,006,727</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less acquired lease intangible liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">511,620</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">511,620</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 1,737,774</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 1,757,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,495,107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The first property is located in Mateo, NC and was purchased on February&nbsp;11, 2021 using a $500,000 cash capital
contribution through the issuance of a redeemable <FONT STYLE="white-space:nowrap">non-controlling</FONT> interest and debt of $1,275,000. The second property is located in Plant City, FL and was purchased on April&nbsp;21, 2021 using a $950,000
cash capital contribution through the issuance of a redeemable <FONT STYLE="white-space:nowrap">non-controlling</FONT> interest and debt of $850,000. The acquisitions are accounted for as asset acquisitions under ASC 805-50, Business Combinations.
The purchase price of the asset acquisitions was allocated to land, building, and acquired lease intangible assets and liabilities based on management&#146;s estimate. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 4 &#150; Acquired Lease Intangible Asset, net </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Intangible assets, net is comprised of the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="73%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,247,641</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,014,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(840,841</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(624,106</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,406,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,390,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The amortization for lease intangible assets for the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30,
2021 and 2020 was approximately $216,700 and $205,200, respectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The future amortization for intangible assets is listed below: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>June&nbsp;30,&nbsp;2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021(6 months)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">221,900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">340,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">334,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">334,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2026 and beyond</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">875,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,406,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 5 &#150; Acquired Lease Intangible Liability, net </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Acquired lease intangible liability is comprised of the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="73%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,097,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">585,792</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: recognized rental income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(245,736</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(170,144</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total below market lease, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">851,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">415,648</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The amortization for below market leases for the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021
and 2020 was approximately $75,600 and $54,700, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The future amortization for intangible liabilities is listed below: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>June&nbsp;30,&nbsp;2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021 (6 months)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">79,600</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2026 and beyond</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">327,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">851,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-10 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 6 &#150; Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interests </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table reflects our Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interests: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="49%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Brown&nbsp;Family</B><br><B>Trust</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Irby Prop</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>GIP&nbsp;Fund&nbsp;I</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Greenwal&nbsp;L.C.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Riverside</B><br><B>Crossing&nbsp;L.C.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December&nbsp;31, 2019</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;1,200,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;4,965,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;2,033,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,198,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT>
Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20,375</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(86,887</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35,582</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(142,844</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income for the quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,375</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86,887</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,582</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">142,844</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, March&nbsp;31, 2020</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;1,200,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;4,965,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 2,033,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,198,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT>
Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39,851</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39,851</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income for the quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,851</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,851</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, June&nbsp;30, 2020</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;1,200,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;4,965,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;2,033,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,198,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December&nbsp;31, 2020</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,200,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>486,180</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,965,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,033,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,684,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interest for
property acquisition</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">500,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">500,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT>
Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(37,104</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(33,041</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(80,681</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(150,826</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income for the quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,681</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150,826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, March&nbsp;31, 2021</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;1,700,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>486,180</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;4,965,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 2,033,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,184,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interest for
property acquisition</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">950,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">950,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT>
Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,125</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15,275</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,748</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;<BR></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59,148</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income for the quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,748</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;<BR></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, June&nbsp;30, 2021</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;1,700,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>950,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>486,180</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;4,965,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B> 2,033,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,134,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s acquisition of a building for $4.5&nbsp;million in Cocoa, FL, one of the Company&#146;s
operating subsidiaries entered into a preferred equity agreement with Brown Family Trust on September&nbsp;11, 2019 pursuant to which the Company&#146;s subsidiary received a capital contribution of $1,200,000. Pursuant to the agreement, the Company
will pay the preferred equity member a 10% IRR on a monthly basis and redeem the entire amount due after 24 months at the option of the preferred equity member. The Operating Partnership, Generation Income Properties, LP, is the general manager of
the subsidiary while Brown Family Trust is a preferred member. Because of the redemption right, the <FONT STYLE="white-space:nowrap">non-controlling</FONT> interest in presented as temporary equity at redemption value. The current redemption amount
is $1,200,000. Distributable operating funds are distributed first to Brown Family Trust until the unpaid preferred return is paid off and then to the Company. Income is allocated 100% to the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s acquisition of a building for $1.7&nbsp;million in Mateo, NC, one of the Company&#146;s operating subsidiaries entered into a
preferred equity agreement with Brown Family Trust on February&nbsp;11, 2021 pursuant to which the Company&#146;s subsidiary received a capital contribution of $500,000. Pursuant to the agreement, the Company will pay the preferred equity member a
9% IRR on a monthly basis and redeem the entire amount due after 24 months at the option of the preferred equity member. The Operating Partnership, Generation Income Properties, LP, is the general manager of the subsidiary while Brown Family Trust
is a preferred member. Because of the redemption right, the <FONT STYLE="white-space:nowrap">non-controlling</FONT> interest in presented as temporary equity at redemption value. The current redemption amount is $500,000. Distributable operating
funds are distributed first to Brown Family Trust until the unpaid preferred return is paid off and then to the Company. Income is allocated 100% to the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021 and 2020, the Company paid Brown Family Trust $78&nbsp;thousand and
$60&nbsp;thousand, respectively in preferred distributions for these two agreements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s acquisition of a building for
$1.7&nbsp;million in Plant City, FL, one of the Company&#146;s operating subsidiaries entered into a preferred equity agreement with preferred equity partners on April 21, 2021 pursuant to which the Company&#146;s subsidiary received a capital
contribution of $950,000. Pursuant to the agreement, the Company will pay the preferred equity member a 12% total IRR with an 8% IRR paid on a monthly basis and the deferred IRR will be paid at the end of 24 months along with the entire $950,000
amount due after 24 months at the option of the preferred equity member. The Operating Partnership, Generation Income Properties, LP, is the general manager of the subsidiary. Because of the redemption right, the
<FONT STYLE="white-space:nowrap">non-controlling</FONT> interest in presented as temporary </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-11 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
equity at redemption value. The current redemption amount is $950,000. Distributable operating funds are distributed first to the preferred equity partners until the unpaid preferred return is
paid off and then to the Company. Income is allocated 100% to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30,
2021, the Company paid these Redeemable Interests $15&nbsp;thousand in distributions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s acquisition of two buildings on
September&nbsp;30, 2019 for $18.6&nbsp;million in Norfolk, VA, the Operating Partnership entered into contribution agreements with two entities that resulted in the issuance of 349,913 common units in Operating Partnership at $20.00 per share for a
total value of $6,998,251 or 40.7% in our Operating Partnership. The contribution agreement allows for the two entities to require the Operating Partnership to redeem, all or a portion of its units for either (i)&nbsp;the Redemption Amount (within
the meaning of the Partnership Agreement), or (ii)&nbsp;until forty-nine (49)&nbsp;months from date of Closing, cash in an agreed-upon Value (within the meaning of the Partnership Agreement) of $20.00 per share of common stock of the Company, as set
forth on the Notice of Redemption. As such, the Company has determined their equity should be classified as a Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interest. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s acquisition of one building on November&nbsp;30, 2020 for $1.8&nbsp;million in Tampa, FL, the Operating Partnership entered into
a contribution agreement with one entity that resulted in the issuance of 24,309 common units in Operating Partnership at $20.00 per share for a total value of $486,180 or 2.55% in our Operating Partnership. The contribution agreement allows for the
two entities to require the Operating Partnership to redeem, all or a portion of its units for either (i)&nbsp;the Redemption Amount (within the meaning of the Partnership Agreement), or (ii)&nbsp;until forty nine (49)&nbsp;months from date of
Closing, cash in an agreed-upon Value (within the meaning of the Partnership Agreement) of $20.00 per share of common stock of the Company, as set forth on the Notice of Redemption. As such, the Company has determined their equity should be
classified as a Redeemable <FONT STYLE="white-space:nowrap">Non-Controlling</FONT> Interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the <FONT STYLE="white-space:nowrap">six-months</FONT>
ended June&nbsp;30, 2021 and 2020, the Company paid these Redeemable Interests $116&nbsp;thousand and $122&nbsp;thousand, respectively in distributions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 7 &#150; Equity </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stock Issued for Cash </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company is authorized to issue up to 100,000,000 shares of common stock and 10,000,000 of undesignated preferred stock. No preferred shares have been
issued as of the date of this report. Holders of the Company&#146;s common stock are entitled to receive dividends when authorized by the Company&#146;s Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On April&nbsp;25, 2019, the Company raised $1,000,000 by issuing 50,000 Units with each Unit being comprised of one share of its Common Stock, and one warrant
to purchase one share of its Common Stock (the &#147;Common Warrants&#148;). Each Unit was sold for a price of $20.00 per Unit. The shares of the Company&#146;s Common Stock and Common Warrants included in the Units, were offered together, but the
securities included in the Units are issued separately. The Common Warrants are immediately exercisable at a price of $20.00 per share of Common Stock, subject to adjustment in certain circumstances, and will expire seven years from the date of
issuance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November 13, 2020, the Company raised $1,000,000 by issuing 50,000 Units with each Unit being comprised of one share of its Common Stock,
and one warrant to purchase one share of its Common Stock (the &#147;Common Warrants&#148;). Each Unit was sold for a price of $20.00 per Unit. The shares of the Company&#146;s Common Stock and Common Warrants included in the Units, were offered
together, but the securities included in the Units are issued separately. The Common Warrants are immediately exercisable at a price of $20.00 per share of Common Stock, subject to adjustment in certain circumstances, and will expire seven years
from the date of issuance. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Warrants </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company has
100,000 warrants outstanding as of June&nbsp;30, 2021 which are immediately exercisable at a price of $20.00 per share of Common Stock, subject to certain circumstances, and which will expire seven years from the date of issuance. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="88%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Issue Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Warrants<BR>Issued</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April&nbsp;25, 2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November&nbsp;13, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There was no intrinsic value for the warrants as of June&nbsp;30, 2021. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-12 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stock Compensation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On July&nbsp;15, 2019, the board of directors granted 2,500&nbsp;restricted shares to each of the two independent directors that will vest every 12&nbsp;months
on an annual basis over 36 months. The award is valued at $50,000 for each grant and is based on the most recent equity pricing issuance of $20.00 per share. The <FONT STYLE="white-space:nowrap">pro-rated</FONT> vested shares will be issued upon the
annual anniversary of the award. On February&nbsp;3, 2020, the board of directors granted 2,500&nbsp;restricted shares to two new independent directors that will vest every 12&nbsp;months on an annual basis over 36&nbsp;months. The award is valued
at $50,000 for each grant and is based on the most recent equity pricing issuance of $20.00 per share. The <FONT STYLE="white-space:nowrap">pro-rated</FONT> vested shares will be issued upon the annual anniversary of the award. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On February&nbsp;3, 2020, the board of directors granted 6,250&nbsp;restricted shares to its chief financial officer that will vest every 12 months on an
annual basis over 36 months. The award is valued at $125,000&nbsp;for each grant and is based on the most recent equity pricing issuance of $20.00 per share. The <FONT STYLE="white-space:nowrap">pro-rated</FONT> vested shares will be issued upon the
annual anniversary of the award. Pursuant to an amended employment agreement in which the chief financial officer waived his right to cash compensation in lieu of being awarded 550 restricted shares of common stock each month until the closing of an
initial underwritten public offering, we issued the chief financial officer 2,200&nbsp;shares of stock in March 2021 representing four months of compensation from December 2020 to March 2021. These shares are valued at $20.00&nbsp;per share and are
accrued as compensation expense until issued by the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The board authorized the issuance of 14,000 restricted shares to directors, officers and
employees effective January&nbsp;1, 2021 valued at $20.00 per share that will vest annually over 3 years. The <FONT STYLE="white-space:nowrap">pro-rated</FONT> vested shares will be issued upon the annual anniversary of the award. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Restricted Common Shares issued to the Board and Management </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of Shares Outstanding at beginning of the period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,582</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted Shares Issued</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted Shares Vested</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,749</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of Restricted Shares Outstanding at end of the period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Compensation expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">99,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">47,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Common Shareholders Cash Distributions &#150; Six Month Periods ended June&nbsp;30, 2021 and 2020 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="25%"></TD>

<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>Board&nbsp;of&nbsp;Directors</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Authorized Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Record Date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Per&nbsp;Share&nbsp;Cash<BR>Dividend&nbsp;to&nbsp;Common<BR>Shareholders</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B><br><B>Dividends</B><br><B>Paid</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>President<BR>Ownership&nbsp;at&nbsp;time<BR>of Distribution*</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February&nbsp;26,&nbsp;2021</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">March&nbsp;15,&nbsp;2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;0.325</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;114,373</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">39.0%</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January 31, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">February&nbsp;28,&nbsp;2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;0.35</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;105,101</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">42.8%</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">David Sobelman, our president and founder waived his right to receive a dividend for all of these periods
mentioned above. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Operating Partnership Cash Distributions &#150; Six Month Periods ended June&nbsp;30, 2021 and 2020 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="28%"></TD>

<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Board&nbsp;of&nbsp;Directors<BR>Authorized Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Record Date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Per&nbsp;Share&nbsp;Cash<BR>Dividend&nbsp;to&nbsp;Operating<BR>Partnership LP<BR>Holders</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;Dividends<BR>Paid</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February&nbsp;26,&nbsp;2021</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">March&nbsp;15,&nbsp;2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;0.325</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;116,470</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January 31, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">February&nbsp;28,&nbsp;2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;0.35</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;122,470</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">While we are under no obligation to do so, we expect to declare and pay dividends to our stockholders; our board of directors
may declare a dividend as circumstances dictate. The issuance of a dividend will be determined by our board of directors based on our financial condition and such other factors as our board of directors deems relevant. We have not established a
minimum dividend, and our charter does not require that we issue dividends to our stockholders other than as necessary to meet IRS REIT qualification standards. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-13 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 8 &#150; Leases </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Future Minimum Rents </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At June&nbsp;30, 2021, we
had four tenants that each account for more than 10% of our rental revenue for the six-months ended June&nbsp;30, 2021 (17.2% for Pratt and Whitney Corporation with respect to the single tenant building in Huntsville, AL property; 25.4% for the
General Services Administration with respect to the <FONT STYLE="white-space:nowrap">two-tenant</FONT> office building in Norfolk, VA; 20.3% for PRA Holding with respect to the single tenant building in Norfolk, VA and 10.2% for Maersk Inc. with
respect to <FONT STYLE="white-space:nowrap">two-tenant</FONT> office building in Norfolk, VA). At June&nbsp;30, 2020, we had four tenants that each account for more than 10% of our rental revenue for the six-months ended June&nbsp;30, 2020 (20.8%
for Pratt and Whitney Corporation with respect to the single tenant building in Huntsville, AL property; 26.2% for the General Services Administration with respect to the <FONT STYLE="white-space:nowrap">two-tenant</FONT> office building in Norfolk,
VA; 22.7% for PRA Holding with respect to the single tenant building in Norfolk, VA and 11.1% for Maersk Inc. with respect to <FONT STYLE="white-space:nowrap">two-tenant</FONT> office building in Norfolk, VA). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table presents future minimum base rental cash payments due to the Company over the next five calendar years and thereafter as of June&nbsp;30,
2021: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="83%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Future<BR>Minimum&nbsp;Base<BR>Rent Payments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021 (six months)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,863,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,746,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,376,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,381,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,245,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thereafter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,359,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,970,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-14 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 9 &#150; Promissory Notes </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="53%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Interest Rate</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maturity&nbsp;Date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $3,407,391 by a financial institution. Note was issued on
September&nbsp;11, 2019 and can be prepaid at any time without penalty. Secured by our Walgreen-Cocoa, Florida property.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2.36% adjusted monthly based on 30 day LIBOR plus 225 basis points</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9/11/2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,407,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,407,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $1,286,664 by a financial institution, interest and principal payments
due monthly of approximately $3,800 which is calculated based on fixed interest rate of 3.72%. Note was originally issued on January&nbsp;15, 2015 and modified on November&nbsp;30, 2020 and can be prepaid at any time without penalty. Secured by out
Tampa Sherwin-Williams property.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.72% fixed rate after using SWAP whereas the loan is LIBOR plus 2.75%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10/28/2028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,286,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,286,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $1,275,000 by a financial institution. Note was issued on
February&nbsp;4, 2021 and can be prepaid at any time without penalty. Secured by our <FONT STYLE="white-space:nowrap">GSA-Mateo,</FONT> North Carolina property.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.4% adjusted monthly based on 30 day Wall Street Journal Prime Rate with minimum of 3.25%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2/4/2023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,275,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $850,000 by a financial institution. Note was issued on April&nbsp;21,
2021 and can be prepaid at any time without penalty. Secured by our Irby&#151;Plant City, FL property.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2.75% adjusted monthly based on 30 day Wall Street Journal Prime Rate minus 0.5% with minimum of 3.0% for first 24 months, then U.S. Treasury Securities Rate plus 2.75% with a minimum of 3.25%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/31/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">850,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $8,260,000 by a financial institution, interest and principal payments
due monthly of approximately $41,500. Note was issued on September&nbsp;30, 2019 and can be prepaid at any time without penalty. Secured by our GSA/Maersk - Norfolk, Virginia property. The interest rate was reduced in March 2021 from 4.25% to
3.5%.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.50%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9/30/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,916,094</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,022,271</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $5,216,749 by a financial institution, interest and principal payments
due monthly of approximately $27,400. Note was originally issued on October&nbsp;23, 2017 and modified on September&nbsp;30, 2019 and can be prepaid at any time without penalty. Secured by our PRA&#151;Norfolk, Virginia property. The interest rate
was reduced in March 2021 from 4.25% to 3.5%.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.50%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10/23/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,967,659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,041,935</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $1,900,000 to a Clearlake Preferred Member, secured by all of the
personal and fixture property of the Operating Partnership, interest payments due monthly. Note was issued on December&nbsp;16, 2019 and can be prepaid at any time without penalty.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10.00%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12/16/2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Promissory note issued for $11,287,500 by a financial institution, interest only payment is
approximatley $39,000 and starting April&nbsp;6, 2021, interest and principal payments due monthly of approximately $55,000. Note was issued on February&nbsp;11, 2020. Secured by our Washington, DC, Tampa, FL and Huntsville, AL properties. It cannot
be prepaid without a penalty</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.17%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3/6/2030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,242,627</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,287,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: debt issuance costs, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(665,259</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(689,190</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>31,380,176</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>29,456,571</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-15 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company amortized debt issuance costs during the <FONT STYLE="white-space:nowrap">six-month</FONT>
periods ended June&nbsp;30, 2021 and 2020 to interest expense of approximately $63,900 and $77,800, respectively. The Company paid debt issuance costs for the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2021 and 2020 of
approximately $40,000 and $564,800, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, we had three promissory notes totaling approximately $24.1&nbsp;million
require Debt Service Coverage Ratios (also known as &#147;DSCR&#148;) of 1.25:1.0, one promissory note totaling $3.4&nbsp;million require DSCR of 1.10:1.0, one promissory note totaling $1.3&nbsp;million require DSCR of 1.20:1.0, one promissory note
totaling $0.9&nbsp;million require DSCR of 1.15:1.0 and one promissory note totaling $1.3&nbsp;million require DSCR of 1.30:1.0. We were in compliance with all covenants as of June&nbsp;30, 2021. The loan issued to the Clearlake Preferred member has
no DSCR requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, the Company&#146;s President has personally guaranteed the repayment of up to fifty percent of the
$3.4&nbsp;million loan secured by our Cocoa Beach property, the repayment of the $11.2&nbsp;million due under the DC/Tampa/Huntsville loan, the $1.3&nbsp;million loan secured by our Tampa Sherwin Williams property, the $0.9&nbsp;million loan secured
by our Irby property and the $1.3&nbsp;million loan secured by our GSA Mateo NC property. The aggregate guaranteed principal amount of these loans total approximately $18.1&nbsp;million. The Company&#146;s President has also provided a guaranty of
the Borrower&#146;s nonrecourse carveout liabilities and obligations in favor of the lender for the Norfolk, Virginia property loans, with an aggregate principal amount of approximately $12.9&nbsp;million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company modified the Bayport loans in February 2021 for no fees and reduced the associated interest rate from 4.25% to 3.5%. The Company determined that
the debt modification was not substantial under ASC <FONT STYLE="white-space:nowrap">470-50.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Minimum required principal payments on the
Company&#146;s debt as of June&nbsp;30, 2021 are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of</B><br><B>June&nbsp;30,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2021</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021(six months)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,786,649</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">580,786</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,890,494</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,983,297</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">252,318</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2026and beyond</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,551,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">32,045,435</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We intend to repay amounts outstanding under any credit facilities as soon as reasonably possible. No assurance can be given
that we will be able to obtain additional credit facilities. We anticipate arranging and utilizing additional revolving credit facilities to potentially fund future acquisitions (following investment of the net proceeds of our offerings), return on
investment initiatives and working capital requirements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 10 &#150; Related Party </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company had previously engaged 3 Properties (a brokerage and asset manager company) that is owned 100% by the Company&#146;s CEO, when it purchases
properties and to manage properties. This agreement was terminated effective August&nbsp;31, 2020. For the <FONT STYLE="white-space:nowrap">six-months</FONT> ended June&nbsp;30, 2020, we paid 3 Properties approximately $26,500 for asset management
services related to the properties owned by GIP. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 11 &#150; Commitments and Contingencies </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2021, we had one outstanding agreement to acquire a property: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On June&nbsp;22, 2021, we executed a purchase and sale agreement for the acquisition of a 15,288 square-foot single-tenant retail building in Rockford,
Illinois for total consideration of approximately $4.5&nbsp;million. The building is occupied by <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">La-Z-Boy</FONT></FONT> Incorporated with approximately 6.3 years remaining on their
primary lease term and annualized base rent of approximately $360,100. The transaction closed subsequent to period end. See Note 12-Subsequent Event. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-16 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 12 &#150; Subsequent Event </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On August 13, 2021, the Company acquired the 15,288 square foot single tenant building in Rockford, IL for total consideration of approximately
$4.5&nbsp;million. The acquisition was funded with a Redeemable Non-Controlling Interest Contribution from Richard Hornstrom to one of our subsidiaries of $0.65&nbsp;million, Tenants in Common ownership from Sunny Ridge HHP, LLC (&#147;Sunny
Ridge&#148;) of $1.2&nbsp;million and debt financing of approximately $2.7&nbsp;million. Mr. Hornstorm owns 50% of Sunny Ridge and contributed $600,000 of $950,000 Redeemable Non-Controlling Interest contribution for the Plant City, FL property.
</P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On August 26, 2021, the Company announced that its Board of Directors on August 25, 2021 authorized a $0.325 per share quarterly cash distribution
for shareholders of record of the Company&#146;s common stock as of August 31, 2021. This distribution is expected to be paid on or about September 15, 2021. David Sobelman, the Company&#146;s president and founder, waived his right to receive a
distribution for this period. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-17 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_6"></A>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To the Stockholders and Board of Directors of </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generation
Income Properties, Inc. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I></I><B><I>Opinion on the Financial Statements</I></B><I> </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have audited the accompanying consolidated balance sheets of Generation Income Properties, Inc. and its subsidiaries (collectively, the &#147;Company&#148;)
as of December 31, 2020 and 2019, and the related consolidated statements of operations, stockholders&#146; equity, and cash flows for the years then ended, and the related notes and the Schedule III (collectively referred to as the &#147;financial
statements&#148;). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2020 and 2019, and the results of their operations and their cash flows for the years then
ended, in conformity with accounting principles generally accepted in the United States of America. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I></I><B><I>Basis for Opinion</I></B><I> </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These financial statements are the responsibility of the Company&#146;s management. Our responsibility is to express an opinion on the Company&#146;s financial
statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (&#147;PCAOB&#148;) and are required to be independent with respect to the Company in accordance with the
U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We conducted our audits in
accordance with the standards of the PCAOB and in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are
required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company&#146;s internal control over financial reporting. Accordingly, we express no such
opinion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or
fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting
principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>/s/ MaloneBailey, LLP</I> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>www.malonebailey.com</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have served as the Company&#146;s auditor since 2015. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Houston, Texas </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">March 12, 2021 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-18 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_7"></A>Generation Income Properties, Inc. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Consolidated Balance Sheets </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B><U>Assets</U></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Investment in real estate</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">37,352,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">35,462,653</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tenant improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482,701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482,701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,014,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,858,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less accumulated depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,317,454</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(864,898</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total investments</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>38,531,843</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>37,938,706</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">937,564</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">974,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">424,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred Rent asset</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126,655</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,102</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prepaid expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134,165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,008</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred financing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">614,088</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">590,990</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts Receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,794</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,848</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Escrow deposit and other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,831</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,607</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,680,740</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,155,626</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Liabilities and Stockholder&#146;s Equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">118,462</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">82,937</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">406,125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">473,545</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible liability, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">415,648</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">525,144</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Insurance payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,869</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred rent liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">188,595</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89,599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note Payable - related party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,900,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mortgage loans, net of unamortized discount of $689,190 and $182,255 at December 31, 2020 and
December 31, 2019, respectively</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,356,571</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,397,547</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>30,626,270</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>29,523,972</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Redeemable Non-Controlling Interests</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,684,431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,198,251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Stockholders&#146; Equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock, $0.01 par value, 100,000,000 shares authorized; 576,918 shares issued and
outstanding at December 31, 2020 and 525,250 at December 31, 2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,770</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,253</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional paid-in capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,541,411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,773,639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated deficit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,177,142</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,345,489</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total Generation Income Properties, Inc. stockholder&#146;s equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,370,039</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,433,403</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total Liabilities and Stockholder&#146;s Equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,680,740</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,155,626</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these consolidated financial statements </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-19 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_8"></A>Generation Income Properties, Inc. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Consolidated Statements of Operations </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Twelve Months ended<BR>December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Revenue</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rental income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,520,376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,730,871</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General, administrative and organizational costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">919,316</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">937,109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Building expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">711,446</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">266,113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,452,556</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">665,675</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest expense, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,400,129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">682,889</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Compensation costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">381,544</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">108,430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,864,991</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,745,216</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net Loss</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,344,615</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,014,345</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: Net income attributable to Non-controlling interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">487,038</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">493,521</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net Loss attributable to Generation Income Properties, Inc.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,831,653</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,507,866</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total Weighted Average Shares of Common Shares Outstanding</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">532,281</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">503,989</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Basic and Diluted Loss Per Share Attributable to Common Stockholder</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(3.44</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2.99</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these consolidated financial statements </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-20 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_9"></A>Generation Income Properties, Inc. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Consolidated Statements of Stockholders&#146; Equity </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="52%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Common&nbsp;Stock</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Additional</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Paid-In</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Accumulated</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Generation</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Income</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Properties,&nbsp;Inc.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Stockholders&#146;</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Redeemable</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Non-</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Controlling</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Capital</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Deficit</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Equity</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Interest</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December 31, 2018</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>459,951</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,600</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,698,740</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(837,623</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)</B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,865,717</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,165,634</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued for cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">999,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued for services</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,299</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">153</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">321,175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">321,328</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable Non-Controlling Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,200,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable Operating Partnership Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,998,251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable Non- Controlling Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(261,334</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redemption of Redeemable Non- Controlling Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,397,821</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dividends Paid on Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(245,776</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(245,776</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income (loss) for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,507,866</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,507,866</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">493,521</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December 31, 2019</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>525,250</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,253</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,773,639</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2,345,489</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)</B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,433,403</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,198,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued for cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">999,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock issued for services</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,668</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,628</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable Operating Partnership Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">486,180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable Non- Controlling Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(487,038</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dividends Paid on Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(333,356</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(333,356</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income (loss) for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,831,653</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,831,653</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">487,038</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December 31, 2020</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>576,918</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,770</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,541,411</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4,177,142</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)</B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,370,039</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,684,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these consolidated financial statements </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-21 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_10"></A>Generation Income Properties, Inc. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Consolidated Statements of Cash Flows </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Twelve&nbsp;Months&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>OPERATING ACTIVITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,344,615</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,014,345</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments to reconcile net loss to cash generated from (used) in operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,041,222</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">488,828</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">411,334</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176,847</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of debt issuance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,424</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization of below market leases</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(109,496</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39,461</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Compensation and consulting service expense paid in stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">321,328</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Changes in operating assets and liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,946</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(73,848</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Escrow deposit and other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65,224</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,095</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred rent asset</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61,553</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(47,094</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prepaid expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(56,157</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68,158</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,525</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,712</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(164,936</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred rent liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98,996</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89,599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net cash generated from (used in) operating activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>256,659</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(263,199</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)</B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CASH FLOWS FROM INVESTING ACTIVITIES:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase of land, buildings, other tangible and intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(272,849</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16,714,947</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Escrow deposits for purchase of properties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">110,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net cash used in investing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(272,849</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)</B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(16,604,947</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)</B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CASH FLOWS FROM FINANCING ACTIVITIES:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds from sale of stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds from preferred equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,200,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Proceeds from related party loan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,900,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Repayments of note payable - related party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(800,000</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mortgage loan borrowings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,287,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,884,140</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mortgage loan repayments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,108,205</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(88,376</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stock issuance cost paid in cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(124,200</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Debt issuance costs paid by cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(589,133</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(168,800</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on redeemable preferred equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(487,038</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(261,334</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redemption of redeemable preferred equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,397,821</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dividends paid on common stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(333,356</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(245,776</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred financing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(215,248</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(128,654</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Insurance financing borrowings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189,153</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Insurance financing repayments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(203,484</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,691</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net cash (used in) generated from financing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(259,811</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,624,379</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">NET(DECREASE) INCREASE IN CASH</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(276,001</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">756,233</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CASH - BEGINNING OF YEAR</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,398,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">642,132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CASH - END OF YEAR</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>1,122,364</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>1,398,365</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CASH TRANSACTIONS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest paid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,245,012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">593,903</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>NON-CASH TRANSACTIONS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating partnership units issued for property acquisitions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">486,180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,998,251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Debt assumed related to asset acquisition</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,286,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred distribution on redeemable preferred equity accrued</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207,812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred financing costs on account</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">224,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">462,337</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these consolidated financial statements </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-22 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin845232_11"></A>Generation Income Properties, Inc. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Notes to Consolidated Financial Statements </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 1 &#150; Organization</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generation Income Properties,
Inc. (the &#147;Company&#148;) was formed as a Maryland corporation on June 19, 2015 to opportunistically acquire and invest in freestanding, single-tenant commercial properties located primarily in major cities in the United States. The Company is
internally managed and intends on net leasing properties to investment grade tenants. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company formed Generation Income Properties L.P. (the
&#147;Operating Partnership&#148;) in October 2015. Substantially all of the Company&#146;s assets are held by, and operations are conducted through the Operating Partnership. The Company is the general partner of the Operating Partnership which has
a current ownership of 60.7%. The Company formed a Maryland entity GIP REIT OP Limited LLC in 2018 that owns 0.01% of the Operating Partnership. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March
8, 2017, the Company formed GIPDC 3707 14th ST, LLC, a wholly owned subsidiary of the Operating Partnership, and closed an acquisition for approximately $2.6 million including closing costs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On June 13, 2017, the Company formed GIPFL 1300 S Dale Mabry, LLC, a wholly owned subsidiary of our Operating Partnership, and closed an acquisition on April
4, 2018 for approximately $3.6 million including closing costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November 29, 2018, the Company formed GIPAL JV 15091 SW ALABAMA 20, which closed an
acquisition on December 20, 2018 for approximately $8.4 million including closing costs. The Company entered into a joint venture with TC Huntsville, LLC (&#147;TC Huntsville&#148;) which contributed $2.2 million to help purchase this acquisition.
TC Huntsville was paid each month in cash a 10% return on their investment and earned an additional deferred 10% return that was paid when the Company redeemed their interest in December 2019. The Company and TC Huntsville will generally share
profits and losses on a 50/50 basis. The Company is the general manager of the property and has operating decision on all aspects of this venture. As such the Company consolidates this joint venture. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December 18, 2019, the Company redeemed 100% of TC Huntsville membership interests in the Alabama Subsidiary for approximately $2.4 million in cash, using
existing cash and the proceeds from the $1.9 million secured non-convertible promissory note. On December 16, 2019, our Operating Partnership issued a secured non-convertible promissory note to the Clearlake Preferred Member for $1.9 million that is
due on December 16, 2021 and bears an interest rate of 10%. The loan is repayable without penalty at any time. The loan is secured by all of the personal and fixture property assets of the Operating Partnership. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On July 10, 2019, the Company formed GIPFL JV 1106 CLEARLAKE ROAD, LLC, which closed an acquisition on September 11, 2019 for approximately $4.5 million
including closing costs. As part of the Company&#146;s acquisition, this operating subsidiary entered into a preferred equity agreement with the Brown Family Trust (&#147;BFT&#148;) on September 11, 2019 pursuant to which the Company&#146;s
subsidiary received a capital contribution of $1,200,000. Pursuant to the agreement, the Company will pay the preferred equity member a 10% IRR on a monthly basis and redeem the entire amount due after 24 months at the option of the preferred equity
member. The Operating Partnership, Generation Income Properties, LP, is the general manager of the subsidiary. Because of the redemption right, the non-controlling interest in presented as temporary equity at redemption value. The current redemption
amount is $1,200,000. Distributable operating funds are distributed first to BFT until the unpaid preferred return is paid off and then to the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company formed two entities, GIPVA 130 CORPORATE BLVD, LLC on August 12, 2019 and GIPVA 2510 WALMER AVE, LLC on July 10, 2019 to acquire on September 30,
2019 the following properties: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A two-tenant office building in Norfolk, Virginia for total consideration of approximately $11.5 million. The
acquisition of the building was funded by issuing 248,250 common units in the Operating Partnership, priced at $20.00 per unit, for a total value of $4,965,000 plus $822,000 in cash, and the assumption of approximately $6.0 million of mortgage debt.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">A single-tenant office building in Norfolk, Virginia for total consideration of approximately $7.1 million. This
transaction was funded with the issuance of 101,663 common units in the Operating Partnership, priced at $20.00 per unit, for a total value of $2,033,250 plus $100,000 in cash, and the assumption of approximately $5.2 million of mortgage debt.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November 18, 2020, the Company formed GIPFL 508 S. Howard Ave, LLC which closed an acquisition on November 30, 2020 for
approximately $1.8 million including closing costs. The acquisition of the building was funded by issuing 24,309 common units in the Operating Partnership, priced at $20.00 per unit, for a total value of $486,180 plus $1,000 in cash, and the
assumption of approximately $1.3&nbsp;million of existing mortgage debt. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 2 &#150; Summary of Significant Accounting Policies</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Basis of Presentation</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The consolidated financial
statements have been prepared by the Company, pursuant to the rules and regulations of the United States Securities and Exchange Commission (&#147;SEC&#148;). The Company prepares its consolidated financial statements in conformity with generally
accepted accounting principles in the United States (&#147;GAAP&#148;). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-23 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On October 12, 2020, the Company effectuated a one-for-four reverse split of its Common Stock. All
information herein has been adjusted to give effect to the reverse split. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Consolidation</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The accompanying consolidated financial statements include the accounts of Generation Income Properties, Inc. and the Operating Partnership and all of the
direct and indirect wholly-owned subsidiaries of the Operating Partnership and the Company&#146;s subsidiaries. All significant inter-company balances and transactions have been eliminated in the consolidated financial statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The consolidated financial statements include the accounts of all entities in which the Company has a controlling interest. The ownership interests of other
investors in these entities are recorded as non-controlling interests or redeemable non-controlling interest. Non-controlling interests are adjusted each period for additional contributions, distributions, and the allocation of net income or loss
attributable to the non-controlling interests. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Reclassifications</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain prior period amounts have been reclassified to conform to the current period presentation. For the twelve months ended December 31, 2019, we
reclassified $102,646 of property insurance, property taxes and property asset management fees from general, administrative and organizational costs to building expenses to conform with the classifications in 2020. We also reclassified insurance
payments and financings from operating activities to investing activities. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Related Party</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Related parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the
other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence. See Note 9 for
detailed related party&#146;s transactions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cash and Cash Equivalents and Restricted Cash</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company considers all demand deposits, cashier&#146;s checks and money market accounts to be cash equivalents. Amounts included in restricted cash
represent funds held by the Company related to tenant escrow reimbursements and immediate repair reserve. The following table provides a reconciliation of the Company&#146;s cash and cash equivalents and restricted cash that sums to the total of
those amounts at the end of the periods presented on the Company&#146;s accompanying Consolidated Statements of Cash Flows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="74%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">937,564</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">974,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">424,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total cash and cash equivalents and restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,122,364</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,398,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Use of Estimates</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
preparation of financial statements in conformity with U.S. generally accepted accounting principles (&#147;GAAP&#148;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure
of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Revenue Recognition</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have determined that all of our
leases should be accounted for as operating leases. The Company leases real estate to its tenants under long-term net leases which we account for as operating leases. Under this method, leases that have fixed and determinable rent increases are
recognized on a straight-line basis over the lease term. Certain leases also provide for additional rent based on tenants&#146; sales volumes. These rents are recognized when determinable after the tenant exceeds a sales breakpoint. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Recognizing rent escalations on a straight-line method results in rental revenue recognition of deferred rent assets and liabilities in our Consolidated
Balance Sheets. The balance of straight-line rent receivable at December 31, 2020 and 2019 was $127 thousand and $65 thousand, respectively. There was $189 thousand and $90 thousand of deferred rent liability as of December 31, 2020 and 2019,
respectively. To the extent any of the tenants under these leases become unable to pay their contractual cash rents, the Company may be required to write down the straight-line rent receivable from those tenants, which would reduce rental income.
The deferred rent liability arises when the amount of rental revenue recognized under the straight-line method is more than the cash received. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Company reviews the collectability of charges under its tenant operating leases on a regular basis, taking into consideration changes in factors such as </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-24 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the tenant&#146;s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area where the property
is located. In the event that collectability with respect to any tenant changes, beginning with the adoption of ASC 842 as of January 1, 2019, the Company recognizes an adjustment to rental income. The Company&#146;s review of collectability of
charges under its operating leases includes any accrued rental revenues related to the straight-line method of reporting rental revenue. There were no allowances for receivables recorded in 2020 or 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s leases provide for reimbursement from tenants for common area maintenance (&#147;CAM&#148;), insurance, real estate taxes and other
operating expenses. A portion of our operating cost reimbursement revenue is estimated each period and is recognized as rental income in the period the recoverable costs are incurred and accrued. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company adopted Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification 842 &#147;Leases&#148; (&#147;ASC 842&#148;)
using the modified retrospective approach as of January 1, 2019 and elected to apply the transition provisions of the standard at the beginning of the period of adoption. The Company adopted the practical expedient in ASC 842 that alleviates the
requirement to separate lease and non-lease components. As a result, all income earned pursuant to tenant leases is reflected as one line, &#147;Rental Income,&#148; in the 2019 consolidated statement of operations and comprehensive income. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company often recognizes above- and below-market lease intangibles in connection with acquisitions of real estate. The capitalized above- and below-market
lease intangibles are amortized to rental revenue over the remaining term of the related leases. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Expenses</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the year ended December 31, 2019, the Company agreed to a $85,000 settlement for the termination of an agreement which had allowed for the opportunity
to develop single-tenant, net lease buildings throughout the U.S. over the next several years. The Company decided to terminate this agreement due to the inability to agree to terms on the development of individual locations </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stock-Based Compensation</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company records all
equity-based incentive grants to employees and non-employee members of the Company&#146;s Board of Directors in operating expenses in the Company&#146;s Consolidated Statements of Operations based on their fair values determined on the date of
grant. Stock-based compensation expense, reduced for estimated forfeitures, is recognized on a straight-line basis over the requisite service period of the award, which is generally the vesting term of the outstanding equity awards. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Real Estate</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Acquisitions of real estate are recorded at
cost. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Depreciation Expense</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Real estate and related
assets are stated net of accumulated depreciation. Renovations, replacements and other expenditures that improve or extend the life of assets are capitalized and depreciated over their estimated useful lives. Expenditures for ordinary maintenance
and repairs are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated useful life of the buildings, which are generally between 30 and 50 years, tenant improvements, which are generally between 2
and 10 years. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Real Estate Purchase Price Assignment</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company assigns the purchase price of real estate to tangible and intangible assets and liabilities based on fair value. Tangible assets consist of land,
buildings and tenant improvements. Intangible assets and liabilities consist of the value of in-place leases and above or below market leases assumed with the acquisition. The Company assessed whether the purchase of the building falls within the
definition of a business under ASC 805 and concluded that all asset transactions were an asset acquisition, therefore it was recorded at the purchase price, including capitalized acquisition costs, which is allocated to land, building, tenant
improvements and intangible assets and liabilities based upon their relative fair values at the date of acquisition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The fair value of the In-place lease
is the estimated cost to replace the leases (including loss of rent, estimated commissions and legal fees paid in similar leases). The capitalized in-place leases are amortized over the remaining team of the leases as amortization expense. The fair
value of the above or below market lease is the present value of the difference between the contractual amount to be paid pursuant to the in-place lease and the estimated current market lease rate expected over the remaining non-cancelable life of
the lease. The capitalized above or below market lease values are amortized as a decrease or increase to rental income over the remaining term of the lease. For additional information, see Note 4 - Acquired Lease Intangible Asset, net. And Note 5 -
Acquired Lease Intangible Liability, net. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Income Taxes </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company intends to operate and be taxed as a real estate investment trust (&#147;REIT&#148;) under Section 856 through 860 of the Internal Revenue Code
(&#147;Code&#148;), commencing with our taxable year ending December 31, 2021. To qualify as a REIT, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of its taxable income
to its stockholders. As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its taxable income that is currently distributed to stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We account for deferred income taxes using the asset and liability method and recognize deferred tax assets and liabilities for the expected future tax
consequences of events that have been included in our financial statements or tax returns. Under this method, we determine deferred tax assets and liabilities based on the differences between the financial reporting and tax bases of assets and
liabilities using enacted tax rates in effect for the year in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-25 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
which the differences are expected to reverse. Any increase or decrease in the deferred tax liability that results from a change in circumstances, and that causes us to change our judgment about
expected future tax consequences of events, is included in the tax provision when such changes occur. Deferred income taxes also reflect the impact of operating loss and tax credit carryforwards. A valuation allowance is provided if we believe it is
more likely than not that all or some portion of the deferred tax asset will not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances, and that causes us to change our judgment about the
realizability of the related deferred tax asset, is included in the tax provision when such changes occur. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company also recognizes liabilities for
unrecognized tax benefits which are recognized if the weight of available evidence indicates that it is not more-likely-than-not that the positions will be sustained on examination, including resolution of the related processes, if any. As of each
balance sheet date, unrecognized benefits are reassessed and adjusted if the Company&#146;s judgement changes as a result of new information. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Earnings
per Share</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In accordance with ASC 260, basic earnings/loss per share (&#147;EPS&#148;) is computed by dividing net loss attributable to the Company
that is available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of
common stock outstanding during the period including stock warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of warrants), and
convertible debt, using the if-converted method. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive. As of December 31, 2020 and December 31, 2019, there were no common stock dilutive instruments.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Impairments</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company reviews real estate
investments and related lease intangibles, for possible impairment when certain events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable though operations plus estimated disposition proceeds. Events or
changes in circumstances that may occur include, but are not limited to, significant changes in real estate market conditions, estimated residual values, and an expectation to sell assets before the end of the previously estimated life. Impairments
are measured to the extent the current book value exceeds the estimated fair value of the asset less disposition costs for any assets classified as held for sale. There were no impairments in 2020 or 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The valuation of impaired assets is determined using valuation techniques including discounted cash flow analysis, analysis of recent comparable sales
transactions, and purchase offers received from third parties, which are Level 3 inputs. The Company may consider a single valuation technique or multiple valuation techniques, as appropriate, when estimating the fair value of its real estate.
Estimating future cash flows is highly subjective and estimates can differ materially from actual results. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Deferred Financing Costs</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December 31, 2020 and 2019, the Company incurred $614 thousand of costs associated with its proposed equity raise while $591 thousand from cost incurred
in 2019 was from both debt and equity raise. The $591 thousand incurred in 2019 was comprised of $416 thousand for the $11.3 million debt issuance and $175 thousand was associated with our ongoing equity raise. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 3 &#150; Investments in Real Estate</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Company&#146;s real estate is comprised of the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="71%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">37,352,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">35,462,653</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tenant improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482,701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482,701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,014,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,858,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,849,297</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,803,604</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less accumulated depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,317,454</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(864,898</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">38,531,843</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">37,938,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The purchase price of the asset acquisition was allocated to land, building, tenant improvement and acquired lease intangible
assets and liabilities based on management&#146;s estimate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Depreciation expense for year ended December 31, 2020 and 2019 was $1,041,222 and $488,828,
respectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-26 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Acquisitions: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Fiscal Year 2020 </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the year ended December 31, 2020,
the Company acquired one property. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,662,904</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tenant improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184,767</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,847,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less acquired lease intangible liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,847,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase/Contribution value before closing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,800,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The property was purchased on November 30, 2020 from a related party for 24,309 common units in the Operating
Partnership at a $20.00 per unit price valued in total for $486,180, $1,000 in cash and the assumption of $1,286,664 in existing debt. The Company&#146;s president owns 10% of the related party. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Fiscal Year 2019</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the year ended December 31,
2019, the Company acquired the following three properties: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="56%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Property&nbsp;1&nbsp;(a)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Property 2 (b)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Property&nbsp;3&nbsp;(c)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,532,942</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,939,880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,529,747</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">22,002,569</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tenant improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">247,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">298,230</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,014,280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">613,291</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,925,801</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,831,172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,129,036</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,215,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,175,398</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less acquired lease intangible liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(252,349</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(209,851</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(462,200</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,578,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,919,185</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,215,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,713,198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase/Contribution value before closing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,543,188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,454,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,097,388</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Property 1 was purchased on September&nbsp;11, 2019 using a $1,200,000 capital contribution relating to a
redeemable non-controlling interest and debt of $3,407,391. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Property 2 was acquired by the Company on September&nbsp;30, 2019 for 248,250 common units in the Operating
Partnership at a $20.00 per unit price valued in total for $4,965,000, $821,715 in cash and the assumption of $6,013,285 in existing debt. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Property 3 was acquired by the Company on September&nbsp;30, 2019 for 101,663 common units in the Operating
Partnership at a $20.00 per unit price valued in total for $2,033,250, $100,000 in cash, and the assumption of $4,966,749 in existing debt. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The purchase price of the asset acquisitions were allocated to land, building, tenant improvement and acquired lease intangible assets and liabilities based
on management&#146;s estimate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The acquisitions were accounted for as an asset acquisition as the underlying property did not meet the definition of a
business as the Company early adopted ASU No. 2017-01, Business Combinations &#150; Clarifying the Definition of a Business. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-27 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 4 &#150; Acquired Lease Intangible Asset, net</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Intangible assets, net is comprised of the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="73%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,014,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,858,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(624,106</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(212,772</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible assets, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,390,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,645,478</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The amortization for lease intangible assets for the year ended December 31, 2020 and 2019 was $411,334 and $176,847,
respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The future amortization for intangible assets is listed below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>December&nbsp;31,&nbsp;2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">411,078</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">288,215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">288,215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">288,215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">288,215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2026 and beyond</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">826,105</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,390,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 5 &#150; Acquired Lease Intangible Liability, net</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Acquired lease intangible liability is comprised of the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="77%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired lease intangible liability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">585,792</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">585,792</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: recognized rental income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(170,144</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(60,648</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total below market lease, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">415,648</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">525,144</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The amortization for below market leases for the year ended December 31, 2020 and 2019 was $109,496 and $39,461, respectively.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The future amortization for intangible liabilities is listed below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>December&nbsp;31,&nbsp;2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">100,805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2026 and beyond</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123,339</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">415,648</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-28 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 6 &#150; Debt </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="53%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maturity</B><br><B>Date</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Interest&nbsp;Rate</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020 </B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Promissory note issued for $3,700,000 by a financial institution, bearing interest at and interest payments due monthly of approximately $14,000. Note was issued on April 4, 2018 and was repaid in 2020. Secured by our 7-Eleven
property and our Starbucks property.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.6289% adjusted monthly based on 30 day LIBOR plus 225 basis points</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4/4/2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,683,052</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Promissory note issued for $6,100,000 by a financial institution, interest and principal payments due monthly of approximately $25,000. Note was issued on December 20, 2018 and was repaid in 2020. Secured by our Pratt and Whitney
property.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.7394% adjusted monthly based on 30 day LIBOR plus 225 basis points</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12/20/2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,097,407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Promissory note issued for $3,407,391 by a financial institution, interest and principal payments due monthly of approximately $25,000. Note was issued on September 11, 2019 and can be prepaid at any time without penalty. Secured by
our Walgreen - Cocoa, Florida property.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.17% adjusted monthly based on 30 day LIBOR plus 225 basis points</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9/11/2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,407,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,407,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Promissory note issued for $8,260,000 by a financial institution, interest and principal payments due monthly of approximately $44,800. Note was issued on September 30, 2019 and can be prepaid at any time without penalty. Secured by
our GSA/Maersk - Norfolk, Virginia property.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.25%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9/30/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,022,271</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,213,077</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Promissory note issued for $5,216,749 by a financial institution, interest and principal payments due monthly of approximately $29,600. Note was originally issued on October 23, 2017 and modified on September 30, 2019 and can be
prepaid at any time without penalty. Secured by our PRA - Norfolk, Virginia property.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.25%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10/23/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,041,935</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,178,875</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Promissory note issued for $1,286,664 by a financial institution, interest and principal payments due monthly of approximately $3,800. Note was originally issued on January 15, 2015 and modified on November 30, 2020 and can be
prepaid at any time without penalty. Secured by out Tampa Sherwin-Williams property.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">3.72% fixed</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10/23/2024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,286,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Promissory note issued for $11,287,500 by a financial institution, interest only payment is approximately $39,000 and starting April 6, 2021, interest and principal payments due monthly of approximately $55,000. Note was issued on
February 11, 2020. Secured by our Washington, DC, Tampa, FL and Huntsville, AL properties. It cannot be prepaid without a penalty</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4.17%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3/06/2030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,287,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Promissory note issued for $1,900,000 to a Clearlake Preferred Member, secured by all of the personal and fixture property of the Operating Partnership, interest payments due monthly. Note was issued on December 16, 2019 and can be
prepaid at any time without penalty.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10.00%</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12/16/2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,100,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,900,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Less: debt issuance costs, net</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(689,190</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(182,255</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>29,456,571</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>28,297,547</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the twelve months ended December 31, 2020 and 2019, the Company incurred and paid $589,133 and $168,800, respectively
of debt issuance costs and amortized $134,898 and $55,800, respectively to interest expense. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November 30, 2020, the Company entered into an interest
rate swap to convert the $1,286,664 floating rate promissory note secured by the Tampa Sherwin-Williams property into a fixed rate note. We have determined that the interest rate swap had a nominal fair value through December 31, 2020. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-29 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December 31, 2020, the Company&#146;s President has personally guaranteed the repayment of up to fifty
percent of the $3.4 million loan secured by our Cocoa Beach property, the repayment of the $11.3 million due under the DC/Tampa/Huntsville loan and the $1.3 million loan secured by our Tampa Sherwin Williams property. The aggregate guaranteed
principal amount of these loans total approximately $14.3 million. The Company&#146;s President has also provided a guaranty of the Borrower&#146;s nonrecourse carveout liabilities and obligations in favor of the lender for the Norfolk, Virginia
property loans, with an aggregate principal amount of approximately $13.1 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Minimum required principal payments on the Company&#146;s debt as of
December 31, 2020 are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>December&nbsp;31,&nbsp;2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,988,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">550,692</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">574,513</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,229,411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">252,318</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2026 and beyond</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,550,580</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">30,145,760</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In September 2017, we received a $5,000,000 revolving line of credit from a commercial bank. We have never utilized any of our
line of credit and it expired September&nbsp;30, 2019. During the year ended December 31, 2019, the Company amortized $16,624 of line of credit costs to interest expense. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 7 &#150; Redeemable Non-Controlling Interests </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
following table reflects our Redeemable Non-Controlling Interests: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="52%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TC</B><br><B>Huntsville</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Brown<BR>Family&nbsp;Trust</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Greenwal<BR>L.C.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Riverside<BR>Crossing&nbsp;L.C.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December 31, 2018</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>2,165,634</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>2,165,634</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable Non-Controlling Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,200,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,200,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable Operating Partnership Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,965,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,033,251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,998,251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable Non-Controlling Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(219,709</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41,625</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(261,334</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Redemption of Redeemable Non-Controllable Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,397,821</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,397,821</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">451,896</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">493,521</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December 31, 2019</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>1,200,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>4,965,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>2,033,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>8,198,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-30 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="57%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>GIP&nbsp;Fund&nbsp;I</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Brown<BR>Family&nbsp;Trust</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Greenwal<BR>L.C.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Riverside<BR>Crossing&nbsp;L.C.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December 31, 2019</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>1,200,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>4,965,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>2,033,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>8,198,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of Redeemable Operating Partnership Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">486,180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">486,180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Distribution on Redeemable Non-Controlling Interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(119,630</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(260,663</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(106,745</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(487,038</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119,630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">260,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">487,038</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance, December 31, 2020</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>486,180</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>1,200,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>4,965,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>2,033,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B><B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>8,684,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s acquisition of a building for $8.3&nbsp;million in Huntsville, AL, one of the Company&#146;s
operating subsidiaries entered into a preferred equity agreement with TC Huntsville, LLC on December&nbsp;20, 2018 pursuant to which the Company&#146;s subsidiary received a capital contribution of $2.2 million. Pursuant to the agreement, the
Company was required to pay the preferred equity member a 10% IRR on a monthly basis, pay an additional 10% IRR on a deferred basis after 24 months and redeem the entire amount due after 24 months at the option of the preferred equity member. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December 18, 2019, the Company redeemed TC Huntsville, LLC 100% membership interests in the Alabama Subsidiary for approximately $2.4 million in cash,
using existing cash and the proceeds from the $1.9 million secured non-convertible promissory note. The redemption included $208 thousand of deferred distributions reflecting the deferred 10% IRR that were accrued during 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s acquisition of a building for $4.5&nbsp;million in Cocoa, FL, one of the Company&#146;s operating subsidiaries entered into a
preferred equity agreement with BFT on September&nbsp;11, 2019 pursuant to which the Company&#146;s subsidiary received a capital contribution of $1,200,000. Pursuant to the agreement, the Company will pay the preferred equity member a 10% IRR on a
monthly basis and redeem the entire amount due after 24 months at the option of the preferred equity member. The Operating Partnership, is the general manager of the subsidiary. Because of the redemption right, the non-controlling interest in
presented as temporary equity at redemption value. The current redemption amount is $1,200,000. Distributable operating funds are distributed first to BFT until the unpaid preferred return is paid off and then to the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s acquisition of two buildings on September 30, 2019 for $18.6 million in Norfolk, VA, the Operating Partnership entered into
contribution agreements with two entities that resulted in the issuance of 349,913 common units in Operating Partnership at $20.00 per share for a total value of $6,998,251 or 40.7% in our Operating Partnership. The contribution agreement allows for
the entity to require the Operating Partnership to redeem, all or a portion of its units for either (i) the Redemption Amount (within the meaning of the Partnership Agreement), or (ii) until forty nine (49) months from date of Closing, cash in an
agreed-upon Value (within the meaning of the Partnership Agreement) of $20.00 per share of common stock of the Company, as set forth on the Notice of Redemption. As such, the Company has determined their equity should be classified as a Redeemable
Non-Controlling Interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s acquisition of one building on November 30, 2020 for $1.8 million in Tampa, FL, the Operating
Partnership entered into a contribution agreement with one entity that resulted in the issuance of 24,309 common units in Operating Partnership at $20.00 per share for a total value of $486,180 or 2.55% in our Operating Partnership. The contribution
agreement allows for the two entities to require the Operating Partnership to redeem, all or a portion of its units for either (i) the Redemption Amount (within the meaning of the Partnership Agreement), or (ii) until forty nine (49) months from
date of Closing, cash in an agreed-upon Value (within the meaning of the Partnership Agreement) of $20.00 per share of common stock of the Company, as set forth on the Notice of Redemption. As such, the Company has determined their equity should be
classified as a Redeemable Non-Controlling Interest. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 8 &#150; Equity</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stock Issued for Cash</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company is authorized to issue
up to 100,000,000 shares of common stock and 10,000,000 of undesignated preferred stock. No preferred shares have been issued as of the date of this report. Holders of the Company&#146;s common stock are entitled to receive dividends when authorized
by the Company&#146;s Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company paid $124,200 in stock issuance costs during the year ended December 31, 2019 (which were incurred
and accrued in the prior year). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On April&nbsp;25, 2019, the Company raised $1,000,000 by issuing 50,000 Units with each Unit being comprised of one share
of its Common Stock, and one warrant to purchase one share of its Common Stock (the &#147;Common Warrants&#148;). Each Unit was sold for a price of $20.00 per Unit. The shares of the Company&#146;s Common Stock and Common Warrants included in the
Units, were offered together, but the securities included in the Units are issued separately. The Common Warrants are immediately exercisable at a price of $20.00 per share of Common Stock, subject to adjustment in certain circumstances, and will
expire seven years from the date of issuance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November 13, 2020, the Company raised $1,000,000 by issuing 50,000 Units with each Unit being comprised
of one share of its Common Stock, and one warrant to purchase one share of its Common Stock (the &#147;Common Warrants&#148;). Each Unit was sold for a price of $20.00 per Unit. The shares of the Company&#146;s Common Stock and Common Warrants
included in the Units, were offered together, but the securities included in the Units are issued separately. The Common Warrants are immediately exercisable at a price of $20.00 per share of Common Stock, subject to adjustment in certain
circumstances, and will expire seven years from the date of issuance. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-31 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Warrants</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company has 100,000 warrants outstanding as of December 31, 2020 which are immediately exercisable at a price of $20.00 per share of Common
Stock, subject to certain circumstances, and which will expire seven years from the date of issuance. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="88%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Issue Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Warrants<BR>Issued</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April 25, 2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November 13, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There was no intrinsic value for the warrants as of December 31, 2020 and 2019. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stock Compensation</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On May&nbsp;31, 2019 we issued 15,299
shares of our common stock for financial advisory and investment banker services reflected as an expense of approximately $305,965 for the twelve months ended December 31, 2019. The fair value of the award is based on the most recent equity pricing
issuance of $20 per share. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On July&nbsp;17, 2019, the board of directors granted 2,500 restricted shares to each of the two independent directors&#146;
that will vest every 12 months on an annual basis over 36 months. The award is valued at $50,000 for each grant and is based on the most recent equity pricing issuance of $20 per share. The pro-rated vested shares will be issued upon the annual
anniversary of the award. On February 3, 2020, the board of directors granted 2,500 restricted shares to two new independent directors&#146; that will vest every 12 months on an annual basis over 36 months. The award is valued at $50,000 for each
grant and is based on the most recent equity pricing issuance of $20 per share. The pro-rated vested shares will be issued upon the annual anniversary of the award. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On February 3, 2020, the board of directors granted 6,250 restricted shares to its chief financial officer that will vest every 12 months on an annual basis
over 36 months. The award is valued at $125,000 for each grant and is based on the most recent equity pricing issuance of $20 per share. The pro-rated vested shares will be issued upon the annual anniversary of the award. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Restricted Common Shares issued to the Board and Management </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="79%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of Shares Outstanding at beginning of the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted Shares Issued</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted Shares Vested</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,668</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of Restricted Shares Outstanding at beginning of the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,582</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Compensation expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">101,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,363</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Common Shareholders Cash Distributions </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="28%"></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Board of Directors</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Authorized Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Record Date</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Per&nbsp;Share&nbsp;Cash&nbsp;Dividend&nbsp;to<BR>Common Shareholders</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;Dividends&nbsp;Paid</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>President&nbsp;Ownership&nbsp;at<BR>time of Distribution*</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">May 20, 2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">May&nbsp;1,&nbsp;2019</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">119,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">October 18, 2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">October&nbsp;1,&nbsp;2019</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">126,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">January 31, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">February&nbsp;28,&nbsp;2020</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">105,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">June 23, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">July 2, 2020</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">105,084</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">October 30, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">November&nbsp;17,&nbsp;2020</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">123,171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">David Sobelman, our president and founder waived his right to receive a dividend for all of these periods
mentioned above. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-32 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Operating Partnership Cash Distributions </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="42%"></TD>

<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Board of Directors </B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Authorized Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Record&nbsp;Date</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Per&nbsp;Share&nbsp;Cash&nbsp;Dividend&nbsp;to</B><br><B>Operating&nbsp;Partnership&nbsp;LP</B><br><B>Holders</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;Dividends&nbsp;Paid</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">January 31, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">February&nbsp;28,&nbsp;2020</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">122,470</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">June 23, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">July 2, 2020</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">122,470</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">October 30, 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">November&nbsp;17,&nbsp;2020</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">122,468</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">While we are under no obligation to do so, we expect to declare and pay dividends to our stockholders; our board of directors
may declare a dividend as circumstances dictate. The issuance of a dividend will be determined by our board of directors based on our financial condition and such other factors as our board of directors deems relevant. We have not established a
minimum dividend, and our charter does not require that we issue dividends to our stockholders other than as necessary to meet IRS REIT qualification standards. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 9 &#150; Related-Party Transactions</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company had
previously engaged 3 Properties (a brokerage and asset manager company) that is owned 100% by the Company&#146;s CEO, when it purchases properties and to manage properties. This agreement was terminated effective August 31, 2020. For the year ended
December 31, 2020 and 2019, we paid 3 Properties $40,135 and $23,260, respectively for asset management services related to the property owned by GIP. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The sellers of properties acquired by the Company paid 3 Properties $230,224 for the year ended December 31, 2019, in brokerage fees for the acquisition of
various properties identified for us by 3 Properties. No other fees were paid by the Company to 3 Properties for the year ended December 31, 2020 or 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November 30, 2020, the Company acquired an approximately 3,500-square-foot building from GIP Fund 1, LLC a related party that is owned 10% by the President
and Chairman of the Company. The retail single-tenant property (occupied by The Sherwin-Williams Company) in Tampa, Florida was acquired for approximately $1.8 million and was funded with approximately $1.3 million of debt from Valley National Bank
and the issuance of 24,309 partnership units in Generation Income Properties LP valued at $20.00 per unit for purposes of the contribution. Sherwin Williams has a credit rating of BBB from Standard&amp; Poor&#146;s with approximately 7.5 years
remaining on the lease term for the property. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 10 &#150; Leases</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year ended December 31, 2020 and 2019, we had four tenants that each account for more than 10% of our rental revenue as indicated below: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="87%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Starbucks &#150; Tampa, FL property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.9</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Pratt and Whitney &#150; Huntsville, AL property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General Services Administration &#150; Walmer Ave. property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Maersk Shipping &#150; Walmer Ave. property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PRA Holding &#150; Corporate Blvd. property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">below 10% </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The relevant company annual reports are disclosed in Item 1. Business &#150; Description of Real Estate in Form 1-K. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-33 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Future Minimum Rents </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table presents future minimum base rental cash payments due to the Company over the next five calendar years: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="83%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Future</B><br><B>Minimum&nbsp;Base</B><br><B>Rent&nbsp;Payments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2021</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,379,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,049,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,067,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,064,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,076,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thereafter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,823,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,458,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 11 &#150; Income Taxes </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company performs an evaluation of the realizability of its deferred tax assets on a semi-annual basis. The Company considers all positive and negative
evidence available in determining the potential of realizing deferred tax assets, including the scheduled reversal of temporary differences, recent and projected future taxable income and prudent and feasible tax planning strategies. The estimates
and assumptions used by the Company in computing the income taxes reflected in the accompanying consolidated financial statements could differ from the actual results reflected in the income tax returns filed during the subsequent year. Adjustments
are recorded based on filed returns when finalized or the related adjustments are identified. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under ASC 740-10-30-5, <I>Income Taxes</I>, deferred tax
assets should be reduced by a valuation allowance if, based on the weight of available evidence, it is more-likely-than-not (i.e., a likelihood of more than 50%) that some portion or all of the deferred tax assets will not be realized. The Company
considers all positive and negative evidence available in determining the potential realization of deferred tax assets including, primarily, the recent history of taxable earnings or losses. Based on operating losses reported by the Company during
2019, 2018, 2017 and 2016, the Company concluded there was not sufficient positive evidence to overcome this recent operating history. As a result, the Company believes that a valuation allowance is necessary based on the more-likely-than-not
threshold noted above. The Company recorded a valuation allowance of approximately of $1,396 thousand as of December 31, 2020 and approximately $714 thousand as of December 31, 2019 equal to its deferred tax asset at that time. The valuation
allowance reflects the decrease in deferred tax assets resulting from the Tax Cuts and Jobs Act of 2017. The Company&#146;s net operating losses as of December 31, 2020 and 2019 was approximately $1,345,000 and $1,014,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Significant components of the tax expense (benefit) recognized in the accompanying consolidated statements of operations for the period December 31, 2020 and
December 31, 2019 are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="65%"></TD>

<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Year&nbsp;Ended</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Year&nbsp;Ended</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,&nbsp;2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,&nbsp;2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current tax benefit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federal</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(466,975</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(337,040</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">State</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(96,630</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(69,735</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total current tax benefit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(563,605</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(406,775</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred tax expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">266,357</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87,360</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rate change adjustment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,937</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Valuation allowance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">293,311</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">319,415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax benefit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The reconciliation of the income tax computed at the combined federal and state statutory rate of 17.1% as of December 31,
2020 and 21.2% as of December 31, 2019 to the income tax benefit is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="71%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended</B><br><B>December&nbsp;31,&nbsp;2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended</B><br><B>December&nbsp;31,&nbsp;2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Benefit on net loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(313,001</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(319,869</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Nondeductible expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,753</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-1.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">454</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-0.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rate change adjustment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,937</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-0.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Valuation allowance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">293,311</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-15.9</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">319,415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(21.1</TD>
<TD NOWRAP VALIGN="bottom">%)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax benefit/effective rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-34 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The significant components of the Company&#146;s deferred tax liabilities and assets as of December 31, 2020
and December 31, 2019 are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="64%"></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of</B><br><B>December&nbsp;31,&nbsp;2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of</B><br><B>December&nbsp;31,&nbsp;2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred tax assets:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax expense for debt issuance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">170,241</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">55,899</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss carryforwards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,161,562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">587,774</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Organizational costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,050</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71,197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total deferred tax asset</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,396,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">714,870</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Valuation allowance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,396,853</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(714,870</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net deferred tax asset</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s federal and state tax returns for the 2017 through 2019 tax years generally remain subject to examination
by U.S. and various state authorities. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 12 &#150; Commitments and Contingencies</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December 31, 2020, we had one outstanding agreement to acquire a property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A purchase agreement was signed on August 24, 2018, (amended on November 21, 2018) for an approximately 5,800-square-foot free-standing condominium solely
occupied by a federal entity. The single-tenant property in a coastal area of North Carolina is under contract for a total consideration of approximately $1.7 million. The Company acquired the property in February 2021. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Note 13 &#150; Subsequent Events</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company acquired an
approximately 5,800-square-foot free-standing condominium solely occupied by a federal entity located in a coastal area of North Carolina for total consideration of approximately $1.7 million in February 2021 which was funded with $1.3 million of
debt and $0.45 million of a preferred redeemable interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On February 26, 2021, our board of directors authorized a $.325 per share cash dividend for
shareholders of record of the Company&#146;s common stock as of March 15, 2021. David Sobelman, our president, founder and owner of approximately 39% of the Company&#146;s common stock outstanding as of the record date, waived his right to receive a
dividend for this period. The Company will also pay the Non-Controlling Redeemable Interest in the Operating Partnership $.325 per unit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The board
authorized the issuance of 14,000 restricted shares to directors, officers and employees effective January 1, 2021 valued at $20.00 per share that will vest annually over 3 years. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-35 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Generation Income Properties Inc</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Schedule III - Real Estate Properties and Accumulated Depreciation</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>December 31, 2020</B> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="28%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Initial Costs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Costs&nbsp;Capitalized<BR>Subsequent&nbsp;To<BR>Acq.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Gross Value at</B><br><B>Close of Period</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Property Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Encumbrances&nbsp;(1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Land</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Building &amp;<BR>Improv</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Land</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Building<BR>&amp; Improv</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Land &amp;<BR>Improv</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Building &amp;<BR>Improv</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Acc. Dep</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year<BR>Built</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year<BR>Acq.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">7-11 &#150; D.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,287,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,579,335</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,579,335</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,579,335</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(271,498</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2017</TD>
<TD NOWRAP VALIGN="bottom">(2)(5)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Starbucks &#150; FL</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,287,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,138,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,251,152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,138,023</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,251,152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,389,175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(143,376</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2018</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2018</TD>
<TD NOWRAP VALIGN="bottom">(3)(5)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">P&amp;W &#150; AL</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,287,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">760,881</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,962,169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">760,881</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,962,169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,723,050</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(355,362</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2003</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2018</TD>
<TD NOWRAP VALIGN="bottom">(2)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Clearlake &#150; FL</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,407,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">669,871</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,863,071</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,675</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">669,871</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,869,746</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,539,617</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(168,233</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1998</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2019</TD>
<TD NOWRAP VALIGN="bottom">(4)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Walmer Ave. - VA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,022,271</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,993,584</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,121,172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">215,554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,993,584</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,336,726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,330,310</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(488,432</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1989</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2019</TD>
<TD NOWRAP VALIGN="bottom">(4)(5)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Corporate Blvd. - VA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,041,935</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">570,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,031,899</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">570,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,031,899</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,601,899</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(259,711</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2007</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2019</TD>
<TD NOWRAP VALIGN="bottom">(4)(5)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sherwin-Williams - FL</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,286,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">692,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">970,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">692,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">970,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,662,904</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,695</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1947</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2020</TD>
<TD NOWRAP VALIGN="bottom">(4)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,825,235</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">31,778,826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">222,229</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,825,235</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">32,001,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">37,826,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,689,307</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1 - The
$11.3 million loan encumbers the 7-11 DC property, the P&amp;W &#150; AL property and the Starbucks &#150; FL property </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2 - Estimated useful life for
buildings is - 40 years </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3 - Estimated useful life for buildings is - 50 years </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4 - Estimated useful life for buildings is - 30 years </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5 -
Estimated useful life for tenant improvements is &#150; 2 to 10 years </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="31%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Washington,<BR>DC 7-11</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tampa, FL<BR>Starbucks</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Huntsville,<BR>AL P&amp;W</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Tampa, FL<BR>Sherwin</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Cocoa, FL<BR>Walgreens</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Norfolk, VA<BR>Walmer Ave.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Norfolk, VA<BR>Corp. Blvd</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investments in real estate &#150; 2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance at beginning of period 1/01/2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B>2,700,352</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B>3,556,322</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B>8,367,335</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,831,172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,129,036</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,215,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">38,799,407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additions during period:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquisitions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,662,904</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,675</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">215,554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,885,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capitalized leasing commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184,767</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13,268</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15,599</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155,900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capitalized tenant improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance at end of period&nbsp;12/31/2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,700,352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,556,322</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,367,335</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,847,671</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,837,847</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,331,322</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,199,591</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">40,840,440</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investments in real estate - 2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance at beginning of period 1/01/2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B>2,700,352</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B>3,556,322</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B></B>8,367,335</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$<B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&#151;</B>&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$<B></B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&#151;</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">14,624,009&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additions during period:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquisitions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,532,942</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,939,880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,529,747</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,002,569</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capitalized leasing commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">298,230</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,014,280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">613,291</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,925,801</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capitalized tenant improvements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">247,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance at end of period&nbsp;12/31/2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,700,352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,556,322</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,367,335</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,831,172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,129,036</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,215,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">38,799,407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-36 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Through and
including&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; , 2021 (the 25th day after the date of this prospectus), all dealers that effect transactions
in shares of our common stock, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers&#146; obligation to deliver a prospectus when acting as underwriters and with respect to their
unsold allotments or subscriptions. </B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g845232g40e18.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>GENERATION INCOME PROPERTIES, INC. </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>1,500,000 UNITS </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>EACH
UNIT CONSISTING </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>OF ONE SHARE OF </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>COMMON STOCK AND </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>ONE
WARRANT TO </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>PURCHASE ONE SHARE OF </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>COMMON STOCK </B></P> <P STYLE="font-size:48pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PROSPECTUS
</B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:48pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2021 </B></P>
<P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:4.5pt;margin-top:0pt;margin-bottom:2pt;border-bottom:2.00pt solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART II </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;31. Other Expenses of Issuance and Distribution. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth the expenses (other than underwriting discounts and commissions) we will incur in connection with the issuance
and distribution of the securities to be registered pursuant to this registration statement. All amounts other than the SEC registration fee and FINRA filing fee have been estimated. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SEC registration fee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,640</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">FINRA filing fee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Legal fees and expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">528,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounting fees and expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transfer agent fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Miscellaneous</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">505,860</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,137,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;32. Sales to Special Parties. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;33. Recent Sales
of Unregistered Securities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company has issued the following securities in the past three years that were not registered under the
Securities Act: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On April&nbsp;25, 2019, the Company raised $1,000,000 by issuing 50,000 Units with each Unit being comprised of
one share of our common stock and one warrant to purchase one share of our common stock. Each Unit was sold for a price of $20.00 per Unit. The shares of our common stock and common warrants included in the Units, were offered together, but the
securities included in the Units are issued separately. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On May&nbsp;31, 2019, the Company issued 15,299 shares of our common stock to Maxim Partners, LLC as compensation
for services unrelated to this offering. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On July&nbsp;17, 2019, the board of directors granted 2,500 restricted shares to each of the two independent
directors that will vest annually over 36 months. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On February 3, 2020, the board of directors granted 2,500 restricted shares to each of its two new independent
directors that will vest annually over 36 months. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On February 3, 2020, the board of directors granted 6,250 restricted shares to its Chief Financial Officer that
will vest annually over 36 months. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On November 13, 2020, the Company raised $1,000,000 by issuing 50,000 Units with each Unit being comprised of one
share of our common stock and one warrant to purchase one share of our common stock. Each Unit was sold for a price of $20.00 per Unit. The shares of our common stock and common warrants included in the Units, were offered together, but the
securities included in the Units are issued separately. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On December 11, 2020, the board of directors granted 10,000 restricted shares to its four independent directors
effective January 1, 2021 that will vest annually over 36 months. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">On December 11, 2020, the board of directors granted 4,000 restricted shares to its three employees effective
January 1, 2021 that will vest annually over 36 months. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The issuance of the shares above was effected in reliance upon
an exemption from registration provided by Section&nbsp;4(a)(2) of the Securities Act and Rule 701 thereunder (solely with respect to the grant of restricted shares to officers and directors). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;34. Indemnification of Directors and Officers. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Maryland law permits a Maryland corporation to include in its charter a provision eliminating the liability of its directors and officers to
the corporation and its stockholders for money damages except for liability resulting from actual receipt of an improper benefit or profit in money, property or services or active and deliberate dishonesty that was established by a final judgment
and was material to the cause of action. Our charter contains a provision that eliminates the liability of our directors and officers to the maximum extent permitted by Maryland law. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The MGCL requires us (unless our charter provides otherwise, which our charter does not) to
indemnify a director or officer who has been successful, on the merits or otherwise, in the defense of any proceeding to which he or she is made a party by reason of his or her service in that capacity. The MGCL permits us to indemnify our present
and former directors and officers, among others, against judgments, penalties, fines, settlements and reasonable expenses actually incurred by them in connection with any proceeding to which they may be made or threatened to be made a party by
reason of their service in those or other capacities unless it is established that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">act or omission of the director or officer was material to the matter giving rise to the proceeding and
(i)&nbsp;was committed in bad faith or (ii)&nbsp;was the result of active and deliberate dishonesty; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the director or officer actually received an improper personal benefit in money, property or services; or
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">in the case of any criminal proceeding, the director or officer had reasonable cause to believe that the act or
omission was unlawful. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the MGCL, we may not indemnify a director or officer in a suit by us or in our right in
which the director or officer was adjudged liable to us or in a suit in which the director or officer was adjudged liable on the basis that personal benefit was improperly received. Nevertheless, a court may order indemnification if it determines
that the director or officer is fairly and reasonably entitled to indemnification, even though the director or officer did not meet the prescribed standard of conduct or was adjudged liable on the basis that personal benefit was improperly received.
However, indemnification for an adverse judgment in a suit by us or in our right, or for a judgment of liability on the basis that personal benefit was improperly received, is limited to expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, the MGCL permits us to advance reasonable expenses to a director or officer upon our receipt of: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">written affirmation by the director or officer of his or her good faith belief that he or she has met the
standard of conduct necessary for indemnification by us; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a written undertaking by the director or officer or on the director&#146;s or officer&#146;s behalf to repay the
amount paid or reimbursed by us if it is ultimately determined that the director or officer did not meet the standard of conduct. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our charter authorizes us to obligate ourselves and our bylaws obligate us, to the fullest extent permitted by Maryland law in effect from
time to time, to indemnify and, without requiring a preliminary determination of the ultimate entitlement to indemnification, pay or reimburse reasonable expenses in advance of final disposition of a proceeding to: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any present or former director or officer who is made or threatened to be made a party to or witness in the
proceeding by reason of his or her service in that capacity; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any individual who, while a director or officer of our company and at our request, serves or has served as a
director, officer, partner, manager, member or trustee of another corporation, real estate investment trust, partnership, limited liability company, joint venture, trust, employee benefit plan or any other enterprise and who is made or threatened to
be made a party to or witness in the proceeding by reason of his or her service in that capacity. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our charter and
bylaws also permit us to indemnify and advance expenses to any individual who served any predecessor of our company, in any of the capacities described above and any employee or agent of our company or a predecessor of our company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have entered into indemnification agreements with each of our directors and executive officers that provide for indemnification to the
maximum extent permitted by Maryland law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Insofar as the foregoing provisions permit indemnification of directors, officers or persons
controlling us for liability arising under the Securities Act, we have been informed that, in the opinion of the SEC, this indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;35. Treatment of Proceeds from Stock Being Registered. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">None. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;36. Financial Statements and
Exhibits </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) See page <FONT STYLE="white-space:nowrap">F-1</FONT> for an index of the financial statements that are being filed as
part of this registration statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) A list of exhibits filed with this registration statement on Form
<FONT STYLE="white-space:nowrap">S-11</FONT> is set forth on the Exhibit Index and is incorporated herein by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;37. Undertakings
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the
Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) The undersigned registrant hereby further undertakes: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) To file, during any period in which offers or sales are being made, a post-effective amendment to the registration
statement: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(i) To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule&nbsp;424(b) if, in the aggregate, the changes in volume and price represent no more than a 20&nbsp;percent change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table
in the effective registration statement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in the registration statement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be
deemed to be a new registration statement relating to the securities offered therein, and this offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain
unsold at the termination of this offering. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4) That, for the purpose of determining liability under the Securities Act to
any purchaser: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(i) Each prospectus filed pursuant to Rule&nbsp;424(b) as part of a registration statement relating to an offering, other
than registration statements relying on Rule&nbsp;430B or other than prospectuses filed in reliance on Rule&nbsp;430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">
effectiveness.<I>&nbsp;Provided, however</I>, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or
deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was
made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The undersigned registrant hereby undertakes that: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus
filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this
registration statement as of the time it was declared effective. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) For the purpose of determining any liability under
the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to
be the initial bona fide offering thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) The undersigned registrant hereby further undertakes to send to each shareholder at least
on an annual basis a detailed statement of any transactions with its affiliates or the Operating Partnership and its affiliates, and of fees, commissions, compensation and other benefits paid, or accrued to its affiliates or the Operating
Partnership and its affiliates for the fiscal year completed, showing the amount paid or accrued to each recipient and the services performed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) The undersigned undertakes to file a sticker supplement pursuant to Rule 424(c) under the Securities Act during the distribution period
describing each significant property not identified in the prospectus at such time as there arises a reasonable probability that such property will be acquired and to consolidate all such stickers into a post-effective amendment filed at least once
every three months with the information contained in such amendment provided simultaneously to the existing stockholders. Each sticker supplement will disclose all compensation and fees received by the undersigned&#146;s affiliates in connection
with any such acquisition. The post-effective amendment shall include or incorporate by reference audited financial statements meeting the requirements of Rule <FONT STYLE="white-space:nowrap">8-06</FONT> of Regulation
<FONT STYLE="white-space:nowrap">S-X</FONT> that have been filed or should have been filed on Form <FONT STYLE="white-space:nowrap">8-K</FONT> for all significant properties acquired during the distribution period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) The Company undertakes to file, after the distribution period, a current report on Form <FONT STYLE="white-space:nowrap">8-K</FONT>
containing the financial statements and any additional information required by Rule <FONT STYLE="white-space:nowrap">8-06</FONT> of Regulation <FONT STYLE="white-space:nowrap">S-X,</FONT> for each significant property acquired and to provide the
information contained in such report to the stockholders at least once each quarter after the distribution period of the offering has ended. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following exhibits are included in this registration statement on Form <FONT STYLE="white-space:nowrap">S-11</FONT> (and are numbered in
accordance with Item 601 of Regulation <FONT STYLE="white-space:nowrap">S-K).</FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Exhibit<BR>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;1.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521225315/d845232dex11.htm">Form of Underwriting Agreement (incorporated by reference to the Company&#146;s Amendment No. 8 to Registration Statement on Form S-11 filed on
 July 27, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169716000643/exhibit_2-1.htm">Articles of Amendment and Restatement of Generation Income Properties, Inc. (incorporated by reference to Exhibit&nbsp;2.1 of our <FONT
STYLE="white-space:nowrap">Form&nbsp;1-A/A</FONT> filed on January&nbsp;28, 2016) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;3.1.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169720000438/ex_2-1.htm">Articles of Amendment to Amended and Restated Articles of Incorporation. (incorporated by reference from Exhibit&nbsp;2.1 to Form&nbsp;
1-U filed on October&nbsp;9, 2020.) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169715000391/exhibit_2-2.htm">Bylaws of Generation Income Properties, Inc. (incorporated by reference to Exhibit 2.2 of our Form <FONT STYLE="white-space:nowrap">1-A</FONT> filed
 on September&nbsp;16, 2015) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169718000153/exhibit_3-5.htm">Second Amended and Restated Ownership Limit Waiver Agreement (incorporated by reference to Exhibit 3.5 of our <FONT STYLE="white-space:nowrap">Form&nbsp;1-A
</FONT> POS filed on March&nbsp;29, 2018) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169715000391/exhibit_3-3.htm">Form of Stock Certificate (incorporated by reference to Exhibit 3.3 of our Form <FONT STYLE="white-space:nowrap">1-A</FONT> filed on September&nbsp;16,
 2015) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169718000153/exhibit_6-2.htm">Amended and Restated Agreement of Limited Partnership of Generation Income Properties, L.P. (incorporated by reference to Exhibit 6.2 of our Form
<FONT STYLE="white-space:nowrap">1-A</FONT> POS filed on March&nbsp;29, 2018) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex44.htm">First Amendment to Amended and Restated Agreement of Limited Partnership of Generation Income Properties, L.P. (incorporated by reference to the
 Company&#146;s Amendment No. 5 to Registration Statement on Form S-11 filed on April 12, 2021) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex45.htm">Second Amendment to Amended and Restated Agreement of Limited Partnership of Generation Income Properties, L.P. (incorporated by reference to
 the Company&#146;s Amendment No. 5 to Registration Statement on Form S-11 filed on April 12, 2021) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex46.htm">Common Stock Purchase Warrant, dated April&nbsp;
17, 2019. (incorporated by reference to the Company&#146;s Amendment No. 5 to Registration Statement on Form S-11 filed on April 12, 2021) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex47.htm">Common Stock Purchase Warrant dated November&nbsp;
12, 2020. (incorporated by reference to the Company&#146;s Amendment No. 5 to Registration Statement on Form S-11 filed on April 12, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex48.htm">Form of Representative&#146;s Warrant (incorporated by reference to the Company&#146;s Amendment No. 6 to Registration Statement on Form S-11
 filed on June 17, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.9 </TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521225315/d845232dex49.htm">Form of Common Stock Purchase Warrant (incorporated by reference to the Company&#146;s Amendment No. 8 to Registration Statement on Form S-11
 filed on July 27, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.10</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521225315/d845232dex410.htm">Form of Warrant Agent Agreement (incorporated by reference to the Company&#146;s Amendment No. 8 to Registration Statement on Form S-11 filed
 on July 27, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.11</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521225315/d845232dex411.htm">Form of Unit Certificate (incorporated by reference to the Company&#146;s Amendment No. 8 to Registration Statement on Form S-11 filed on July
 27, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;5.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d845232dex51.htm">Legal Opinion of Foley&nbsp;&amp; Lardner LLP (filed herewith). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;8.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex81.htm">Tax Matters Opinion of Foley&nbsp;
&amp; Lardner LLP. (incorporated by reference to the Company&#146;s Amendment No. 6 to Registration Statement on Form S-11 filed on June 17, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex101.htm">Generation Income Properties, Inc. 2020 Omnibus Incentive Plan. (incorporated by reference to the Company&#146;s Amendment No. 5 to Registration
 Statement on Form S-11 filed on April 12, 2021) + </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169719000342/ex_6-1.htm">Purchase and Sale Agreement (Manteo, NC), dated August&nbsp;24, 2018 (incorporated by reference to Exhibit 6.1 of our <FONT
STYLE="white-space:nowrap">Form&nbsp;1-U</FONT> filed on August&nbsp;20, 2019) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169719000342/ex_6-2.htm">First Amendment to Purchase Agreement (Manteo, NC), dated November&nbsp;21, 2018 (incorporated by reference to Exhibit&nbsp;6.2 of our <FONT
STYLE="white-space:nowrap">Form&nbsp;1-U</FONT> filed on August&nbsp;20, 2019</A>)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex104.htm">Loan Agreement dated April&nbsp;
4, 2018 by and among Generation Income Properties, Inc. and American Momentum Bank. (incorporated by reference to the Company&#146;s Amendment No. 1 to Registration Statement on Form S-11 filed on February 14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1041.htm">First Amendment to Loan Agreement dated August&nbsp;
27, 2019 by and among Generation Income Properties, Inc. and American Momentum Bank. (incorporated by reference to the Company&#146;s Amendment No. 1 to Registration Statement on Form S-11 filed on February 14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex105.htm">Loan Agreement dated December&nbsp;
20, 2018 by and among Generation Income Properties, Inc., as borrower, David E. Sobelman, as guarantor, and American Momentum Bank. (incorporated by reference to the Company&#146;s Amendment No.&nbsp;
1 to Registration Statement on Form S-11 filed on February 14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex106.htm">Loan Agreement dated September&nbsp;
11, 2019 by and among Generation Income Properties, Inc., as borrower, David E. Sobelman, as guarantor, and American Momentum Bank. (incorporated by reference to the Company&#146;s Amendment No.&nbsp;
1 to Registration Statement on Form S-11 filed on February 14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex107.htm">Note, Deed of Trust, Assignment of Leases and Rents, and Related Loan Documents Assignment, Assumption and Modification Agreement dated September&nbsp;30,
2019 by and among Riverside Crossing, L.C., as original borrower, GIPVA 130 Corporate Blvd, LLC, as new borrower, Newport News Shipbuilding Employees; Credit Union, Inc. DBA BayPort Credit Union, and James B. Mears, as trustee. (incorporated by
reference to the Company&#146;s Amendment No.&nbsp;1 to Registration Statement on Form S-11 filed on February 14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex108.htm">Commercial Loan Agreement dated September&nbsp;
30, 2019, between GIPVA 2510 Walmer Ave, LLC and Newport News Shipbuilding Employees; Credit Union, Inc. DBA BayPort Credit Union. (incorporated by reference to the Company&#146;s Amendment No.&nbsp;
1 to Registration Statement on Form S-11 filed on February 14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.9</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex109.htm">Limited Guaranty Agreement made by David E. Sobelman in favor of American Momentum Bank effective as of April&nbsp;
4, 2018 (incorporated by reference to the Company&#146;s Amendment No.&nbsp;1 to Registration Statement on Form S-11 filed on February 14, 2020). </A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.10</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1010.htm">Limited Guaranty Agreement made by David E. Sobelman in favor of American Momentum Bank effective as of December&nbsp;
20, 2018 (incorporated by reference to the Company&#146;s Amendment No.&nbsp;1 to Registration Statement on <FONT STYLE="white-space:nowrap">Form&nbsp;S-11</FONT> filed on February 14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.11</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1011.htm">Limited Guaranty Agreement made by David E. Sobelman in favor of American Momentum Bank effective as of September&nbsp;
11, 2019 (incorporated by reference to the Company&#146;s Amendment No.&nbsp;1 to Registration Statement on <FONT STYLE="white-space:nowrap">Form&nbsp;S-11</FONT> filed on February&nbsp;14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.12</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1012.htm">Guaranty of Nonrecourse Carveout Liabilities and Obligations dated as of September&nbsp;
30, 2019 made by Generation Income Properties, L.P., Generation Income Properties, Inc. and David E. Sobelman in favor of Newport News Shipbuilding Employees&#146; Credit Union, Inc. DBA Bayport Credit Union (incorporated by reference to the Company&#146;s
 Amendment No.&nbsp;1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.13</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1013.htm">Guaranty of Nonrecourse Carveout Liabilities and Obligations dated as of September&nbsp;
30, 2019 made by Generation Income Properties, L.P., Generation Income Properties, Inc. and David E. Sobelman in favor of Newport News Shipbuilding Employees&#146; Credit Union, Inc. DBA Bayport Credit Union (incorporated by reference to the Company&#146;s
 Amendment No.&nbsp;1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.14</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1014.htm">Form of Director Indemnification Agreement (incorporated by reference to the Company&#146;s Amendment No.&nbsp;
1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020).+</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.15</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1015.htm">Form of Director and Officer Restricted Stock Award Agreement (incorporated by reference to the Company&#146;s Amendment No.&nbsp;
1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020).+</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.16</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312519323383/d845232dex1017.htm">Employment Agreement with David E. Sobelman (incorporated by reference to Exhibit&nbsp;
10.17 of the Company&#146;s Registration Statement on Form&nbsp;S-11 filed on December&nbsp;26, 2019)+ </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.17</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312519323383/d845232dex1018.htm">Employment Agreement with Richard Russell (incorporated by reference to Exhibit&nbsp;
10.18 of the Company&#146;s Registration Statement on Form&nbsp;S-11 filed on December&nbsp;26, 2019)+ </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.17.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169721000148/ex_6-161.htm">Amendment No. 1 to Employment Agreement with Richard Russell (incorporated by reference to Exhibit&nbsp;6.16.1 to Form&nbsp;
1-K filed on March 12, 2021.)+ </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.17.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex10172.htm">Amendment No. 2 to Employment Agreement with Richard Russell (incorporated by reference to the Company&#146;s Amendment No. 6 to Registration
 Statement on Form S-11 filed on June 17, 2021).+</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.18</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169719000564/ex_6-1.htm">$1.9 Million Secured Non-Convertible Promissory Note dated December 16, 2019 (incorporated by reference to Exhibit&nbsp;
6.1 of Form 1-U filed on December&nbsp;19, 2019) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.19</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169719000564/ex_6-2.htm">Security Agreement dated December 16, 2019 related to $1.9 Million Secured Non-Convertible Promissory Note (incorporated by reference to Exhibit&nbsp;6.2
 of Form 1-U filed on December&nbsp;19, 2019) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.20</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169719000564/ex_6-3.htm">Redemption Agreement by and between GIPAL JV 15091 SW ALABAMA 20, LLC and TC Huntsville, LLC dated December&nbsp;
18, 2019 (incorporated by reference to Exhibit&nbsp;6.3 of Form&nbsp;1-U filed on December&nbsp;19, 2019) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.21</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1021.htm">Form of Officer Indemnification Agreement (incorporated by reference to the Company&#146;s Amendment No.&nbsp;
1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020).+</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.22</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1022.htm">Form of Officer and Director Indemnification Agreement (incorporated by reference to the Company&#146;s Amendment No.&nbsp;
1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020).+ </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.23</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1023.htm">Property Management Agreement between 3 Properties LLC and Generation Income Properties Inc. (Walmer Avenue and Corporate Boulevard Properties)
 (incorporated by reference to the Company&#146;s Amendment No.&nbsp;1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.24</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1024.htm">Property Management Agreement between 3 Properties LLC and Generation Income Properties Inc. (Cocoa Property) (incorporated by reference
 to the Company&#146;s Amendment No. 1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.25</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1025.htm">Property Management Agreement between 3 Properties LLC and Generation Income Properties Inc. (DC/Tampa/Alabama Properties) (incorporated
 by reference to the Company&#146;s Amendment No.&nbsp;1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.26</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1026.htm">Loan Agreement dated as of February 11, 2020 by and among GIPFL 1300 S DALE MABRY, LLC, GIPDC 3707&nbsp;
14TH ST, LLC and GIPAL JV 15091 SW ALABAMA 20, LLC, as borrowers, and DBR Investments Co. Limited (incorporated by reference to the Company&#146;s Amendment No.&nbsp;1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020).
</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.27</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/0001651721/000119312520038390/d845232dex1027.htm">Guaranty of Recourse Obligations dated as of February 11, 2020 made by David Sobelman and Generation Income Properties, L.P. for the benefit
 of DBR Investments Co. Limited (incorporated by reference to the Company&#146;s Amendment No.&nbsp;1 to Registration Statement on Form&nbsp;S-11 filed on February&nbsp;14, 2020). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.28</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex1028.htm">Contribution and Subscription Agreement between the Company and Riverside Crossing, L.C. . (incorporated by reference to the Company&#146;s
 Amendment No. 5 to Registration Statement on Form S-11 filed on April 12, 2021) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.28.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex10281.htm">Amendment to Contribution and Subscription Agreement with Riverside Crossing, L.C. . (incorporated by reference to the Company&#146;s Amendment
 No. 5 to Registration Statement on Form S-11 filed on April 12, 2021) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.29</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex1029.htm">Contribution and Subscription Agreement between the Company and Greenwal, L.C. . (incorporated by reference to the Company&#146;s Amendment
 No. 5 to Registration Statement on Form S-11 filed on April 12, 2021) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.29.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex10291.htm">Amendment No. 1 to Contribution and Subscription Agreement with Greenwal, L.C. . (incorporated by reference to the Company&#146;s Amendment
 No. 5 to Registration Statement on Form S-11 filed on April 12, 2021) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.29.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex10292.htm">Amendment No. 2 to Contribution and Subscription Agreement with Greenwal, L.C. (incorporated by reference to the Company&#146;s Amendment No.
 5 to Registration Statement on Form S-11 filed on April 12, 2021) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.30</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex1030.htm">Stock Redemption Agreement between the Company and David E. Sobelman dated June 10, 2021 (incorporated by reference to the Company&#146;s Amendment
No. 6 to Registration Statement on Form S-11 filed on June 17, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.31</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex1031.htm">Contribution and Subscription Agreement, dated October&nbsp;28, 2020, between Generation Income Properties, L.P. and GIP Fund&nbsp;
1, LLC. (incorporated by reference to the Company&#146;s Amendment No. 5 to Registration Statement on Form S-11 filed on April 12, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.32</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex1032.htm">Limited Liability Company Agreement of GIPNC 201&nbsp;Etheridge Road, LLC dated November&nbsp;
20, 2020. (incorporated by reference to the Company&#146;s Amendment No. 5 to Registration Statement on Form S-11 filed on April 12, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.33</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex1033.htm">Second Amendment to Purchase and Sale Agreement (Manteo, NC), dated November&nbsp;
24, 2020. (incorporated by reference to the Company&#146;s Amendment No. 5 to Registration Statement on Form S-11 filed on April 12, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.34</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex1034.htm">$1,275,000 Promissory Note with American Momentum Bank dated February&nbsp;
4, 2021. (incorporated by reference to the Company&#146;s Amendment No. 5 to Registration Statement on Form S-11 filed on April 12, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.35</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169721000226/ex_15-2.htm">Limited Liability Company Agreement of GIPFL 702 Tillman Place, LLC dated March 29, 2021. (incorporated by reference to Exhibit 15.2 to the Company&#146;s
 Form 1-U filed on April 28, 2021).</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.36</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169721000226/ex_15-3.htm">Loan Agreement between GIPFL 702 Tillman Place, LLC and the Bank of Tampa dated April 21, 2021. (incorporated by reference to Exhibit 15.3 to the Company&#146;s
 Form 1-U filed on April 28, 2021).</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.37</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex1037.htm">Tax Protection Agreement between the Company and Riverside Crossing, L.C. dated September 30, 2019. (incorporated by reference to the Company&#146;s
 Amendment No. 6 to Registration Statement on Form S-11 filed on June 17, 2021).</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.38</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex1038.htm">Tax Protection Agreement between the Company and Greenwal, L.C. dated September 30, 2019. (incorporated by reference to the Company&#146;s Amendment
 No. 6 to Registration Statement on Form S-11 filed on June 17, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.39</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex1039.htm">Guaranty Agreement dated April 21, 2021 between David Sobelman in the favor of the Bank of Tampa. (incorporated by reference to the Company&#146;s
 Amendment No. 6 to Registration Statement on Form S-11 filed on June 17, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.40</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex1040.htm">Purchase and Sale Agreement between GIPFL JV 1106 Clearlake Road, LLC and The Kissling Interests, LLC. (incorporated by reference to the Company&#146;s
 Amendment No. 6 to Registration Statement on Form S-11 filed on June 17, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.41</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000116169721000314/ex_15-2.htm">Purchase and Sale Agreement dated June 22, 2021, by and between I-ROCKFORD LLC and GENERATION INCOME PROPERTIES L.P. (incorporated by reference to
 Exhibit 15.2 to the Company&#146;s Form 1-U filed on June 24, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.42</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521250565/d845232dex1042.htm">Loan Agreement dated August 13, 2021 with American Momentum Bank (incorporated by reference to the Company&#146;s Amendment No. 9 to Registration
 Statement on Form S-11 filed on August 18, 2021).</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.43</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521250565/d845232dex1043.htm">Limited Liability Company Agreement of GIPIL 525 S Perryville RD, LLC (incorporated by reference to the Company&#146;s Amendment No. 9 to Registration
Statement on Form S-11 filed on August 18, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.44</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521250565/d845232dex1044.htm">Tenants in Common Agreement dated August 2, 2021 between GIPIL 525 S Perryville RD, LLC and Sunny Ridge MHP, LLC (incorporated by reference
 to the Company&#146;s Amendment No. 9 to Registration Statement on Form S-11 filed on August 18, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.45</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521250565/d845232dex1045.htm">Limited Recourse Guaranty dated August 13, 2021 by David Sobelman in favor of American Momentum Bank (incorporated by reference to the Company&#146;s
 Amendment No. 9 to Registration Statement on Form S-11 filed on August&nbsp;18, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>21.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex211.htm">List of Subsidiaries (incorporated by reference to the Company&#146;s Amendment No. 6 to Registration Statement on <FONT
STYLE="white-space:nowrap">Form&nbsp;S-11</FONT> filed on June 17, 2021). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d845232dex231.htm">Consent of MaloneBailey, LLP (filed herewith)</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Foley&nbsp;&amp; Lardner LLP (included in Exhibits&nbsp;<A HREF="d845232dex51.htm">5.1</A> and <A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521193044/d845232dex81.htm">8.1</A>) </TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>24.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312520038390/d845232ds11a.htm#sig">Power of Attorney (included on signature page to registration statement) (incorporated by reference to the Company&#146;s Amendment No.1 to
 Registration Statement on Form&nbsp;S-11 filed on February 14, 2020)</A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d845232dex991.htm">Prior Performance Tables (filed herewith) </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/1651721/000119312521112855/d845232dex992.htm">Form of <FONT STYLE="white-space:nowrap">Lock-Up</FONT> with Underwriter. (incorporated by reference to the Company&#146;s Amendment No. 5 to
Registration Statement on Form&nbsp;S-11 filed on April 12, 2021). </A></TD></TR>
</TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">+</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Indicates management contract or compensatory plan. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<h5 align="left"><a href="#INDEX">Index to Financial Statements</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="sig"></A>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on <FONT STYLE="white-space:nowrap">Form&nbsp;S-11</FONT> and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of
Tampa, State of Florida, on the 26th&nbsp;day of August 2021. </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Generation Income Properties, Inc.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ David Sobelman</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">David Sobelman</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">President and Chief Executive Officer (Principal Executive Officer)</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="38%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="44%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>NAME</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>CAPACITY</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>DATE</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ David Sobelman</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">David Sobelman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">President and Chief Executive Officer (Principal Executive Officer) and Chairman of the Board</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">August&nbsp;26,&nbsp;2021</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Richard Russell</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Richard Russell</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Chief Financial Officer (Principal Financial and Accounting Officer)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">August&nbsp;26, 2021</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Benjamin Adams</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Benjamin Adams</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Director</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">August&nbsp;26, 2021</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Patrick Quilty</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Patrick Quilty</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Director</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center">August&nbsp;26, 2021</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Betsy Peck</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Director</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">August&nbsp;26, 2021</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Betsy Peck</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Stuart Eisenberg</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Director</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">August&nbsp;26, 2021</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Stuart Eisenberg</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>d845232dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">



<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="65%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">


<IMG SRC="g845232dsp01.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ATTORNEYS AT LAW</B></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100&nbsp;NORTH&nbsp;TAMPA&nbsp;STREET,&nbsp;SUITE&nbsp;2700</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TAMPA, FL 33602-5810</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">P.O. BOX 3391</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TAMPA, FL 33601-3391</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">813.229.2300 TEL</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">813.221.4210 FAX</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">WWW.FOLEY.COM</P></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">August&nbsp;26, 2021 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generation Income Properties, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">401 East Jackson Street,
Suite 3300 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tampa, Florida 33602 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Registration Statement on Form <FONT STYLE="white-space:nowrap">S-11</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are acting as counsel
to Generation Income Properties, Inc., a Maryland corporation (the &#147;<U>Company</U>&#148;), in connection with the registration under the Securities Act of 1933, as amended (the &#147;<U>Securities Act</U>&#148;), pursuant to a Registration
Statement on <FONT STYLE="white-space:nowrap">Form&nbsp;S-11</FONT> (Registration <FONT STYLE="white-space:nowrap">No.&nbsp;333-235707)</FONT> (as amended, the &#147;<U>Registration Statement</U>&#148;) as filed with the Securities and Exchange
Commission (the &#147;<U>Commission</U>&#148;), of the offering by the Company of the following securities (the &#147;<U>Offered Securities</U>&#148;): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. Up to $20,700,000 worth of Units (including the over-allotment option described in the Registration Statement) to be offered and sold by
the Company with each Unit to consist of: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">a. one (1)&nbsp;share common stock, $0.01 par value per share (all shares of common stock of
the Company contained within the Units shall be referred to as the &#147;<U>Shares</U>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">b. one (1)&nbsp;warrant to purchase
one (1)&nbsp;share of common stock of the Company (all warrants contained within the Units shall be referred to as the &#147;<U>Warrants</U>&#148;) at an exercise price equal to the public offering price per Unit; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. The shares of common stock of the Company, par value $0.01 per share, issuable upon exercise of the Warrants (the &#147;<U>Warrant
Shares</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. Warrants to purchase a number of shares of common stock of the Company equal to 9% of the number of Units sold in
the Offering, at an exercise price equal to 125% of the public offering price of the Units, to be issued to Maxim Group, LLC or its designees (the &#147;<U>Underwriter Warrants</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. The shares of common stock of the Company, par value $0.01 per share, issuable upon exercise of the Underwriter Warrants (the
&#147;<U>Underwriter Warrant Shares</U>&#148;) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Offered Securities are to be sold by the Company pursuant to an underwriting agreement
(the &#147;<U>Underwriting Agreement</U>&#148;) to be entered into by and between the Company and Maxim Group, LLC, as representative of the underwriters named therein, the form of which has been filed as Exhibit 1.1 to the Registration Statement.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>

<TD WIDTH="21%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AUSTIN</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BOSTON</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CHICAGO</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DALLAS</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">DENVER</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DETROIT</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">HOUSTON</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">JACKSONVILLE</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">LOS ANGELES</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">MADISON</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MEXICO CITY</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MIAMI</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MILWAUKEE</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NEW YORK</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">ORLANDO</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SACRAMENTO</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SAN DIEGO</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SAN FRANCISCO</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SILICON VALLEY</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">TALLAHASSEE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TAMPA</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WASHINGTON, D.C.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BRUSSELS</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">TOKYO</P></TD></TR></TABLE>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g845232dsp02.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August&nbsp;26, 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 2
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with our representation of the Company, and as a basis for the opinion
hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of such documents and public records as we considered necessary for the purposes of this opinion, including the following
(collectively, the &#147;<U>Documents</U>&#148;): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. The Amended and Restated Articles of Incorporation, as amended, of the Company (the
&#147;<U>Charter</U>&#148;), certified by the Secretary of the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. The Bylaws of the Company, as amended, certified by the
Secretary of the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. Resolutions adopted by the Board of Directors of the Company (the &#147;<U>Board</U>&#148;) relating to the
registration, sale and issuance of the Offered Securities (the &#147;<U>Board Resolutions</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. The form of certificate to be
used by the Company to evidence the shares of Common Stock when and as issued, filed as Exhibit 4.2 to the Registration Statement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. The
form of Warrant and form of Warrant Agent Agreement filed as Exhibits 4.9 and 4.10, respectively, to the Registration Statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6. The
form of Underwriters&#146; Warrant filed as Exhibit 4.8 to the Registration Statement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7. A certificate executed by David Sobelman,
Secretary of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In expressing the opinion set forth below, we have assumed the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. Each of the parties (other than the Company) executing any of the Documents has caused to be duly and validly executed and delivered each
of the Documents to which such party is a signatory, and such party&#146;s obligations (other than the Company&#146;s) set forth therein are legal, valid and binding. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g845232dsp02.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August&nbsp;26, 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 3
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. All Documents submitted to us as originals are authentic. All Documents submitted to us as
certified or photostatic copies conform to the original documents. All signatures on all such Documents are genuine. All public records and certificates of public officials reviewed or relied upon by us or on our behalf are true and complete. All
statements and information contained in the Documents are true and complete. There has been no oral or written modification or amendment to the Documents, or waiver of any provision of the Documents, by action or omission of the parties or
otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. The Offered Securities will not be issued or transferred in violation of any restriction or limitation on transfer or
ownership of Shares (as defined in the Charter) contained in Section&nbsp;4.05 of the Charter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Based upon the foregoing, and subject to
the assumptions, limitations and qualifications stated herein, it is our opinion that, (i)&nbsp;the Units, when issued and delivered by the Company in accordance with the Underwriting Agreement, will constitute binding obligations of the Company
enforceable in accordance with their terms; (ii)&nbsp;the Shares, when issued and delivered by the Company in accordance with the Underwriting Agreement, will be duly authorized, validly issued, fully paid and non-assessable; (iii)&nbsp;the
Warrants, when issued and delivered by the Company in accordance with the Underwriting Agreement, will constitute binding obligations of the Company enforceable in accordance with their terms; (iv)&nbsp;the Warrant Shares, when issued and sold in
accordance with the terms and conditions of the Warrants, will be validly issued, fully paid and non-assessable; (v)&nbsp;the Underwriter Warrants, when issued and delivered by the Company in accordance with the Underwriting Agreement, will
constitute binding obligations of the Company enforceable in accordance with their terms; and (vi)&nbsp;the Underwriter Warrant Shares, when issued and sold in accordance with the terms and conditions of the Underwriter Warrants, will be validly
issued, fully paid and non-assessable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing opinion is limited solely to the Maryland General Corporation Law, as amended, and,
with respect to the Units, the Warrants and the Underwriter Warrants constituting binding obligations of the Company enforceable in accordance with their terms, the laws of the State of New York, as amended, and we do not express any opinion herein
concerning any other laws, statutes, ordinances, rules, or regulations. We express no opinion as to compliance with the securities (or &#147;blue sky&#148;) laws of the State of Maryland. The opinion expressed herein is subject to the effect of
judicial decisions that may permit the introduction of parol evidence to modify the terms or the interpretation of agreements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
opinion is issued as of the date hereof, and we assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might affect the opinion expressed herein after the date
hereof. This opinion is limited to the matters set forth herein, and no other opinion should be inferred beyond the matters expressly stated. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g845232dsp02.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August&nbsp;26, 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 4
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We hereby consent to the filing of this opinion as an exhibit to the Registration Statement
and to the use of the name of our Firm therein. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section&nbsp;7 of the Securities Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Very truly yours, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">/s/ Foley &amp; Lardner LLP </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:55%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Foley&nbsp;&amp; Lardner LLP </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>d845232dex231.htm
<DESCRIPTION>EX-23.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-23.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">



<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 23.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We consent to the inclusion in this Amendment No.&nbsp;10 to Registration Statement on <FONT STYLE="white-space:nowrap">Form&nbsp;S-11</FONT> of our report
dated March&nbsp;12, 2021 with respect to the audited consolidated financial statements of Generation Income Properties, Inc. for the years ended December&nbsp;31, 2020 and 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We also consent to the references to us under the heading &#147;Experts&#148; in such Registration Statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>/s/ MaloneBailey, LLP</I> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">www.malonebailey.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Houston, Texas </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August&nbsp;26, 2021 </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>d845232dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">



<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PRIOR PERFORMANCE TABLES </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>As used
herein, the terms &#147;we,&#148; &#147;our&#148; and &#147;us&#148; refer to Generation Income Properties, Inc. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following Prior Performance
Tables (the &#147;Tables&#148;) provide information relating to GIP Fund 1, LLC (&#147;GIP Fund 1&#148;), the program sponsored by our President and Chairman of the Board, Mr.&nbsp;Sobelman, and his affiliates (our &#147;sponsor&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">GIP Fund 1, a private real estate fund, had certain investment objectives similar to ours, including the acquisition and operation of commercial properties;
the provision of stable cash flow available for distribution to investors; preservation and protection of capital; and the realization of capital appreciation in the event of an ultimate sale of any properties. GIP Fund 1 focused on single tenant
properties essential to the business operations of the tenant; located in primary markets; leased to tenants with stable and/or improving credit quality; and subject to long-term leases with defined rental rate increases or with short-term leases
with high-probability renewal and potential for increasing rent. GIP Fund 1 engaged in a private offering in January 2013 to accredited investors only pursuant to Section&nbsp;4(a)(2) of the Securities Act of 1933, as amended, and raised
approximately $940,000 through the issuance of member units. GIP Fund 1 closed its round of financing in December of 2013 to acquire one real estate property. Using a combination of debt and cash consisting of 97% of the offering proceeds, GIP Fund
1 acquired one existing property in Tampa, Florida for a purchase price of approximately $1.6&nbsp;million. GIP Fund 1 is no longer active in acquiring more properties. GIP Fund 1 disposed of its sole property on November 30, 2020 by exchanging its
sole property in exchange for 24,309 units in GIP LP. Following our acquisition of this property, GIP Fund I was liquidated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Sobelman is
responsible for the acquisition, operation, maintenance and resale of the real estate properties and real estate-related debt investments for GIP Fund 1. The financial results of GIP Fund 1 thus provide an indication of a prior real estate program
for which our sponsor was ultimately responsible and the performance of this program during the periods covered. However, general economic conditions affecting the real estate industry and other factors contribute significantly to financial results.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Tables presented provide summary unaudited information related to GIP Fund 1. By purchasing shares in our public offering, investors will not acquire
any ownership interest in GIP Fund 1 to which the information in the Tables relate and investors should not assume that they will experience returns, if any, comparable to those experienced by the investors in GIP Fund 1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information in these Tables should be read together with the summary information under the &#147;Prior Performance Summary&#148; section of this
prospectus. The following Tables are included in this prospectus: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Table II&#151;Compensation to Sponsor; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Table III&#151;Annual Operating Results of Prior Real Estate Programs; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Table IV&#151;Results of Completed Programs; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Table V&#151;Sales or Dispositions of Properties. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following tables have been omitted: (i)&nbsp;Table I&#151;Experience in Raising and Investing Funds (no offerings by GIP Fund 1 have closed in the prior
three years); and (iv)&nbsp;Table VI&#151;Acquisitions of Properties by Programs (GIP Fund 1 has not acquired any property in the prior three years). </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE II </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COMPENSATION TO SPONSOR </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(UNAUDITED) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This table sets forth the
amount and type of compensation paid to our sponsor and affiliates related to GIP Fund 1. The information represents activity since inception. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>GIP Fund 1</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date Offering Commenced</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9/21/2012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dollar Amount Raised</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">940,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amount Paid to Sponsor from Proceeds of Offering:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Underwriting Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquisition Fees:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Real Estate Commissions (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Advisory Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dollar Amount of Cash Generated from Operations Before Deducting Payment to Sponsors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amount Paid to Sponsor From Operations:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Asset Management Fee (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property Management Fees (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">100,824</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Partnership Management Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Reimbursements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Leasing Commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dollar Amount of Property Sales and Refinancing Before Deduction Payments to Sponsor:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amount Paid to Sponsors from Property Sales and Refinancing:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Real Estate Commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Incentive Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Disposition Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Calkain Companies LLC, was paid a $48,450 brokerage commission on the transaction since it was the broker for
GIP Fund 1.&nbsp;Our sponsor was an equity partner in Calkain Companies, LLC, but did not receive a direct commission on this transaction. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">All fees have been allocated to property management. Reflects total fees paid for the years ended
December&nbsp;31, 2013, 2014, 2015, 2016, 2017, 2018, 2019 and 2020 of $79, $12,218, $12,297, $12,297, $12,297, $13,247, $22,006 and $16,383, respectively. </P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE III </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OPERATING RESULTS OF PRIOR PROGRAMS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(UNAUDITED) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following sets forth the
unaudited operating results of GIP Fund 1 for the years ended December&nbsp;31, 2013 through December&nbsp;31, 2020. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="30%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2017</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2018</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gross Rental Income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">139,972</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">140,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">135,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">134,827</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">132,482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">148,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">146,557</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">982,269</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rental operating expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,070</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64,074</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87,787</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">390,060</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest Expense, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,061</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,346</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,916</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,626</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,532</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,723</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,779</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">217,732</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,074</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,074</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,074</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,074</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,294</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,294</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,882</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191,936</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net Income (GAAP basis)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,815</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,060</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,793</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">182,541</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Taxable Income from Operations (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,764</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,389</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,058</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,772</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,772</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,624</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,301</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225,720</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Summary Statement of Cash Flows</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash generated from operations (3)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,456</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,057</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71,361</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,975</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,774</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,066</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,666</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,564</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">378,919</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash generated from sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,262</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,262</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash generated from investing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,638,235</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(164,362</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,802,597</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash generated from financing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,655,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">627,993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30,018</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,298,359</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">954,616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total distributions to investors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(76,260</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(66,000</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(66,000</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(66,000</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(674,500</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,000</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(164,362</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,116,122</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(75,513</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(66,000</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(66,000</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(66,000</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(54,176</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(42,799</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,008</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(377,496</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Return of capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(747</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(620,324</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,799</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(157,354</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(738,626</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash generated after cash distributions to investors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,456</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,203</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,361</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,975</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,774</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(640,434</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,666</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(146,798</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(737,203</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Percent of properties remaining unsold</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B><I>Distribution Data Per $1,000 Invested</I></B>&nbsp;(4)<B><I></I></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><I></I></B>$</TD>
<TD VALIGN="bottom" ALIGN="right"><B><I></I></B>&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B><I></I></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">81.13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">717.54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3.19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">174.85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,187.34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash Distributions to Investors Sources (on GAAP basis)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">-&nbsp;Operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">80.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">70.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">57.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">45.53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7.46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">401.58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">-&nbsp;Investing &amp; financing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">-&nbsp;Other (return of capital)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">659.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(42.34</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167.40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">785.77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Most recent available year end information </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Straight-line rent adjustment is only GAAP basis adjustment. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Cash generated from Operations reported on a <FONT STYLE="white-space:nowrap">non-GAAP</FONT> basis.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">$940,000 was initially invested in the fund. </P></TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE IV </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RESULTS OF
COMPLETED PROGRAMS </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(UNAUDITED) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following sets forth the unaudited results of Completed Programs for GIP Fund 1 for the years ended December&nbsp;31, 2013 through December&nbsp;31, 2020.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>508 S. Howard Avenue </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="90%"></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dollar Amount Raised</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">940,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of Properties Purchased</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date of Closing of Offering</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12/18/2013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date of First Sale of Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11/30/2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date of Final Sale of Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11/30/2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax and Distribution Data Per $1,000 Investment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federal Income Tax Results:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ordinary income (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225,720</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">- from operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225,720</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">- from recapture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capital Gain (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred Gain</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">164,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ordinary income (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash Distributions to Investors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Source (on GAAP basis)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investment income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Return of capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Source (on cash basis)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">- Sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Refinancing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Receivable on Net Purchase Money Financing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE V </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SALES OR DISPOSALS OF PROPERTIES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(UNAUDITED) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following sets forth the
unaudited results of the Sale of Properties for GIP Fund 1 for the years ended December&nbsp;31, 2013 through December&nbsp;31, 2020. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="49%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Property</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Date<BR>Acquired</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Cash<BR>Received<BR>Net of<BR>Closing<BR>Costs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Mortgage<BR>Balance at<BR>Time of<BR>Sale</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Original<BR>Mortgage<BR>Financing</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total<BR>Acquisition<BR>cost, capital<BR>improvement<BR>closing and<BR>soft costs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Excess of<BR>Property<BR>Operating<BR>Cash<BR>Receipts<BR>Over Cash<BR>Expenditures</B><br><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">508 S. Howard</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12/13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,262</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,286,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,276,402</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,094,904</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181,498</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g845232dsp01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g845232dsp01.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M:0"H!;*\?-GI0 1_#73+32=?TK3[B>VL=8A6-HBS2F)@"I<,Y))((&"<?**
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ME75]=(B/<7=P\YE,8# -CY<]2.* -:@ H * "@ H * "@ H * "@ H * "@
-H * "@ H * "@#__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g845232dsp02.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g845232dsp02.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M/_B: /I?X4ZO?Z[\-=(U+5+EKF\F\WS)6 !;$SJ.GL * .HU/_D%7G_7%_\
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M.[?-GICY10!K^--+O=7^,_V?3]+T?4IQX;WK%JR%HE_TAAN  /S9(';@GD4
M4+XV0^ /A S.'L_M5IYQN""N/,.\'/&T<CZ4 ;_@YM$E\?\ B:3PHD"Z(NGP
MI*;1 L!N,N?EQP3MQTH \ZT^&Z\.^"/#,"1O+I.OW5I.&W9\BZ28;A]'0 _5
M30!U_CA;%OBU,+Z[\/6R?V1#M.N6PF0GS9/N L,&@#6\=VJ:A9>!+;3+;2;Z
M.2[ ABE7_0Y%$#8X /R8'  /:@#1^$T+VNF^(+2>VAM+N#5YDFM[48MXSM3
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M2C:[M"I+#T)QS0!;55C1410JJ,  8 % %.+2-,MYQ/#IUK',#D2)"H8'Z@4
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(]\4 6* /_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g845232g36f65.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g845232g36f65.jpg
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M 0$! 0$! ?_  !$( 64"Y ,!$0 "$0$#$0'_Q  >  $  04! 0$!
M    !P4&" D*! ," ?_$ &(0  $$ @$! 0<+#0P%"@4% 00" P4&  $'"!$)
M$A,4%5>6%Q@9(3A5E)>VT]46,30W4W1U=Y*5T=36(C4V05%6=K*SM+72,C-Q
M<[<C)51A97*1I;'E)"9"8I-#1%)CUUC_Q  = 0$  04! 0$
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M"\5P3.L-/Q,@3F.!9&*.D;$!(D:1$QF9BSP]LD,-*UKO.0%AEM6M9%\Z(U"
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MY*+DF^/N6*==K$WQ?Q:D]]_D'CVIPT1XO$ GQT%9@H&[Q5DEO"EBU-Q<#/N
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M.;?P_#_)*OYVCY+OB'P__E7OXI>SD'RE_'?>_P"92_AE+,0,S_,%S)[BP'A
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M/&$J870B9=DRSTX+@JFU5CC<R8J<S&2,7)T&Q1DHU]3\XDBK29DE)O3#/?A
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M=6?/8ZE*3[%ZQ[HV;0[+N@V%FT:SD)@G+EZBJ M,2D^8P;:^6ZW?[G+6^\T
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M?-(,4LWPJ6E,1JV(X6-/@JHW:SLWWK;XBRFPFFV%G60"+:[BZRUD,B" 8'0
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M=W&Z;_3_ +37K\_A^15*O+X?Q<N7XN6?SU%:BOVR9OE4Q6_]/P_.',J67/\
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MD3,SUQ$%SF9Y\YS[-FQ)DR7NEAA*S.6G)DN8B)6127403$1$A,R,Q$1RY9]
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M?3:UE:A#+;!3O-ML#2YA>&.G;#5Q31(PXO2IE2V1+Z(!7>@E&1,/IR.,ZM:
M+:)6P#&<EVT:<MW,5XCHVQ"#POJ<,WKAF_\ 'U>X\JAL3=#2TPS<Q;8AJ8F8
M9VJ^(054A#(6)W(-("#Q-? ^S.FFJ:]11.M0T.M:ZHP['NL6MW^KVEK:W5OU
MZPFQ**+RKHL#=[EF[878?VBEAY0SC+7#;=9 ]K=&Q>W>P6JT U_<L=AH]CK:
MVLIL1?8<5X?=3#WURI=NO3KFA$M$07@UR+>Y;DR[6&]3@X(LI8S$%E#1R2]!
ML>"&8#8;:6>6?($*0.,SIXR1.-D#G_"F'EDEOO/+V/JM:C3ZZKK:Q,--1<K
MVR'<+J,F$10H%*'F9E(K4M:ECR6I8 (C& ;/8.VM^SL+ K!UIG<,50?0/(1
M8B6&QI3 C'4QK&-87-C#,R(ILK)#+#)CZ=OM_<(?C;XZ^5T1F-\9?%'BC_Z?
MW'\/L9D'"?QIX;_3VH_B%?.Q7.$\[8QC&,8QC&<Y7=:?=)UK\4E=^4UQSJ?R
M&?%;9_I^Q_#M9G,WEH^,VN_05?\ B&RS!7C+B"=Y.8FY *5B8&'@"X.++DY4
M*URRRIRRIEWH*"BH2D5JVV:4DSPZ_/2.T!PK@PD;"R!1A+&FV4/[-W&^K:<J
MZF(?9?979<M*64D0%:I*!LV7V=C;HTTI6RU55$LL0;'6% L"F2D=<ZK26-L+
MV+<BLFN==)M<%QTG8M=Z:]=**%2[;:U@5K#>05Y %(89F/(8+TZX#Y9==C&P
MJ@:>W-F'AQ#S#HS&S-@1\Y,:(>!D'@I6''D(:MSTQ#JL $2[+1L2>2 T_H0C
M37GSGT<"Z67EKFN"C>)"9=ONMKHZ18H6)L&JQ;K(?%5KX0UZ@:0]P)GU'#NY
M*5=NDQD/8U:2B1&3E2[#^HEM);D"Q%6PY$V5IERDM)<%T%R_)' 7+XNI#P]'
MDF]QDN+"%(\:BE.J-,*KP0[H32#U.R<4HNVU<=R=C4%P;#EBA4OR+7E,/PP>
M)]$?:Z=BJ>\@[(3T.@86L+3"AA2J!2[HHW2&LZ5V#BI8D%%V6=(N'-V'<ZM>
MV.TX$''4J9EC#K+&5Q#)EJ9.Y4";"H.N)6J\$V.\OJJL7TW<O2E@A*WJO AR
M$W<H6A)459*VMJ)LL^\8Q&!V! ,J:9"I(=C9-EIPX1OQ@N-/C1$D28RPM47<
M6Z)-6Q;FTUBJ]"QLI@*EN"?4JB!..K+4K78D!:DBA;)Z5M6XY%)PS*J>%]TZ
MRBK%4 :^\C71UVJTPFW9(Q2NS"VL-$&2FB,L".HU,4'4T97GQ/Z>>4!F%$@0
M*IID6!U.23L>0+X$;:565PB,CGR'V&K0>.!4YN74W4US:'8D(B186Z(P\\CT
MKBG3&4 VSX<CL^'4+0/J.)\) .:( 14U&R]71$WHK2+V"DH@R$9^,X:VXC)+
MK2\0K]]LJ()$.7BI)2B(A&VP54WNF*<V(E*S:,DL"*/BGI_Y0'N_'5"GH)%6
ME^3[5'4^LE3A;*HSRM(2\3#J3)/P^Y8@)$>]-Q94BQL1R19CC@SF@7V3 ]D>
MIXHTQ:[:[.M9FZC3TFWK@5@+O=A2'/CM"_L R6C7<"BZX435L63!);('SYM[
M8-AK-=9KQ3=MKBJ-0[!C*N\UZ4?RI(EQKA96$FP>B6PI@,%9"8=7D"X&Y;DH
MJ"FX^E2!D39"F188YDF-\&5HA$^XR:\VLU!$;$+;JMD<W-2C(42VW!2RG3$:
M )\%[9Q-HTNLUV[!2WU (["B!W4'3-6"6,PN1<^)NTX\.DF/F;*(%<]T.?A?
M#NZ<FO850::+1B*&"2N1P46"%A1+()2)&I:+ON%:8BNZ99$+/EZFNGCF4A(2
MQJ.:4F0+)#$\4D8,K;BQA["7HI:1Y1U3$6:-5+(_#S)&FHB<:ACEPQQ^F=[W
MX+BK0#+(/8K"5 ##ZTV0Y09U0Z(DTQ!.6=VH+ZX=3ZQ6%Q86J2ST/#6\* D-
M>P^X9@'0Q!\Y ;)]<P+9D%,"G:)#SZ4V!0R4,9 Y^I'IVYFB9"/C)*CEA$2:
M9IP9TB4@&XUMFO"1<A+$'S&Y7R3%"CQ\Y!R+14H:&.;'S<,<"Z2)*@/$?%<5
M</O4UR=BM@)FN)B*;,MDK1N4@%(['?>9MK652"5L-;:]A3!!B&B'UO#.\0U2
MFT#6;N_(23JT*@:P)8XF/[W92 KL5VB;F+!B["&+DP<LBB66BI*"E)*$F028
MR7AI R*E8TQI3!D?)1Q+@AP);"]:6R2(4RZP^TO6E-NMK0K6MZWDXAZ;*4V:
M[ <BPI;T-7,$#4M"&+8!1Z" P(2&8]$Q,3&0SDMKN;7>LE/0QB7*.)$UM44@
MQ9C/I$@,9$HGTQ,3&=2?3AU&URP4&FLV5(O&\ !68*J0!-Y7*P1UDG*^PW7I
M;;$E)Q(-)[Q,C&D#@Q,+;+'.+W^^P<&8A<;KC'B;A.W4O6YJ26WLLL.N61UD
M)LJJU[/^U(YJ4YFQGFIH&;[%&I6B/Y@[ 3#<Z\X=XIJVJ=6+4#JJXH74K3L>
M]6;9L5I\,Z(:U(:^.35$ (1=M6)G^>!!Q*LS3;<0ZA#K2T.-N(2XVXVK2T.(
M7K2D+0M.]I4A2=Z4E2=[TK6];UO>MY@<Q,3,3$Q,3,3$QRF)CT3$Q/IB8GT3
M$_!F;Q,3$3$Q,3$3$Q/.)B?3$Q,>B8F/3$Q\.?K/F?<8QC&,UK]U7]RTC\95
M1_N<_FUO(U\=4_HW8?Z%YK'RN?$YWZ0H_P"L\YK\ZZSE7&,8QC&,8QC&,8QC
M&,8QC&,9T4=R/]SS<_QM3/R5J&<H^6_XWU/T#3_?=EG3_D:^*EK]-V_W/7YM
M0S3N;9R&^H:GSW(/!G+%'JXS1MBM=$L4%"BO$L!LD2,E'O#"M.EE.-#CMJ=6
MG2W7G$(0GMWO?M9-<.7:^MX@TFQM20UJ.VU]NP0#)G":]I36R(1Z2* "9@8]
M,SZ(R'X@IOV.BW-"M E9NZR]50)E #+K%9BEP1SZ!&3*.93Z(CTYST^QD]7G
M\QZ_Z=53Z3SJ/WX^"/E5_P!GNSFOWI.,ODU'Y^G_ )8]C)ZO/YCU_P!.JI])
MX]^/@CY5?]GNQ[TG&7R:C\_3_P L>QD]7G\QZ_Z=53Z3Q[\?!'RJ_P"SW8]Z
M3C+Y-1^?I_Y8]C)ZO/YCU_TZJGTGCWX^"/E5_P!GNQ[TG&7R:C\_3_RR_N.^
MY_=7-'EILQ_CB!DP+!2+Q2I$1OD&I"O> MU8DH08UE]1SZ4NQ$F4!,):4UM)
M6H_8:E-)(VZB,VOE2X)V2*ZQO7DMJ['7;!3)UCS'JHW$V"60P0S(O2#43,3S
M#N]R(F1@9D=9Y,^,=>YYE2I-79H;"@T(V*0+INU&UQ8)2)1S2TUOZ9CD?;[<
MR,%)1*$STH]8]@#L.B^$>-X21/XI9XE@W*G?A0(N)@-3U7D75+AIJY6 !K2(
MN"E 6!H%F"8>D[-*V"4U(22U+=AJ_'/ M5E65[O=V5*W1;RS%[6K:Y]KPUU(
MQ%BO6JM*9=92PCLE9(4TT54]I,<AEG\%<:V0L]>GTU=C=..F1-/8,6I-:+--
ML\T/L651$*K.6(5QKB3;;K+NZV9F<<?8R>KS^8]?].JI])YEGOQ\$?*K_L]V
M8Q[TG&7R:C\_3_RQ[&3U>?S'K_IU5/I/'OQ\$?*K_L]V/>DXR^34?GZ?^6/8
MR>KS^8]?].JI])X]^/@CY5?]GNQ[TG&7R:C\_3_RQ[&3U>?S'K_IU5/I/'OQ
M\$?*K_L]V/>DXR^34?GZ?^6;&NYU=*?-/3O;N29;E*OQT.#9*W"QT2Z#8(:9
M4\6%)D$D-N-QA9#C&DLNI4E;J4H5OM3I7?:[-ZH\JG&NBXLK:96G;88=)]QC
MX?68B(%RT"'3)_[TS*RYQ'P>C^G-H>3/@_=\+V-NS;*0L+B:@(E-@'S))-Y'
M!0/I'T,'E,_#Z?Z,VP9IG-N8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8Q
MC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,9R1]9_N
MJ>=OQA3/_JUG;?DY^)'#GYA_^W=G&_'_ ,<N(/SZ?V*LQCS-<P_*Q7F RI^#
M%D=(W'DS$8P=IQU3#>PWC6&RM./H6VIE'@%+[YU+C:FT]J]+1O6E:H6B8%6R
M:N?=!#B7R&"GN"LI#D,Q,%/5$<AF)B9]$Q/P97K"L[-<&\NT3U"SF4C';)@P
M?,HF)&.F9YE$Q,1Z><?#F:,MPCQ;&E\L-60T: B:UR)R'*586N6*'D)^5H,'
M 3,O5(N)DY"8EPW1)GQ84,<HP(Z4T0IM]YPIWO@W]>HXBW+EZ,J:SM/MZK5(
MNG;JO561L[-FNBZYZ5(0P3K]9L,%L6GHYB(A')@YT_0:A3-S%E@5D5=GM'4P
MJVD-L.UM:N]]-26L>\"!\ *P,P8[JY$4G/,"O^(Z>>G",L#D67<G;/!N\D)H
MA*C[%78F<<=B+!=H#RO"2<<;J/"@K \)7"]Z."D'-C=NV9(=)C;C<8_BGBQU
M6'!KQIV1U,[((55MNKQ#ZNNL]BREJ^ZRQ5%EL.:V*&"_WDG*Y@I!/#7"Z;4I
M.\5NO.T]SCEEJLFQ))L["MWZ[5'VEU[)!59R8ML]'^ZX89$C&$-TZ<62$'QO
M(F\AEA2-QGC1).+;DX-U4?L7?(6UTQTTD *(B+;IVJ5R+$DS94X&2-MB37(*
M*BQHM^P3+^*]RJSME+U:V*H5EFELILQW8/W+B-A"P8Q[Z/3=MO-*T+8I5*5C
M9>XW#5BD<,:AE?5-9LS6V]88#DBU!2KHG91-&6$H$(N=5.HD',<Q;678.:R5
M DK7FL/$](!ZD.)0'(@$7A&QW/@6E33[]GC5A$E*HO#LERT#(ST%+I2P8*_<
M"2+),Q18L<'(R)7DTT;8W>#>ZN[V+>$MXT7L/B*IK^)MA7$:;H8 1LM\K2,5
M6LHF2 QH@-2N]9M8I0=Y9P?,_%G34%<4:91)6&@LWN':%@BMJE9G[GZ-NZ6V
MS7?$"P"O$5IZ6 I;&GVF!T<@J5"X)ISHG'SEVCX-@L'DSF.(Y 8+OT=&LF""
M<?<<37"5;DRF;&AJ,A[5<Y64@GI^&4*4AF6D/'Y<9<4*['T=EQ+?@]K&O;9(
M&:?0OU9+UCG$LSVFVK\16T@562<^E02FP-:QUA)(5VD'#CAM;6\/42#63?77
M$U[7=HV0GLE*$P#6ZNQH*KB&U J1<O.=7*PCH/I<R&/"4@2L4^1 B(^XRX9=
M5@:22UJ/V_5ZS+&S<+%.N183JT"2$C8[:<I9*E[-,%*L!SL<<23'*2'XKH$;
M-=4P&T$,"[:V(%+>FY<0NO8<,.9$2:E5**X@.7;6855BU8 V)9U]P\/V:R5>
M>!TZ] Q[754J.8]"9E*RY UMJXR9/GW#$[+"6PS7/1T=L+)R1RPR8^G;[?W"
M'XV^.OE=$9C?&7Q1XH_^G]Q_#[&9!PG\:>&_T]J/XA7SL5SA/.V,8QC&,8QG
M.5W6GW2=:_%)7?E-<<ZG\AGQ6V?Z?L?P[69S-Y:/C-KOT%7_ (ALLP+XWY<M
MO%JY'5>3"F@RI<')FQ-AA@YJ-7,5@@HJN3;#1*=/!R\*Z=()"-"('<\6D#PB
M/#A&DCN;0V^BH[F%3;\0MB LI6^K897="+@@%NN1!/2Q%@5J[BV"4=:E,#H8
ML#C6VKW5W42V*T5V+<==K$VD!85+ZA&=6P(G'4#D2QD P"&>AK5GU+80S(KW
M4;SC>28"+T2NQ2\8-90XQ@"%>,-*%GJW9Z_)-:A@=JCW%!5ZS3K I(D4R8./
MMIP@A](+.VHH>$^'-<%EW3%1#CJ,<3; K6!UKE.VHO$-CNQ#+5.L1@QQ+(HF
M  987.3GB?B#8%63!S:>D;8)%:"8PALU;59L=A?-4RNM:L0! D2$>4D10$<O
MD=U.<S)CD5B3D1VF8B;@))@(B,<">BY&ILU0,49T1IT9EYO?U$07CHLJ*6I!
M#!RQO$W)$_P_I?!V@ELW$J.2?7LI-@NA@N5=*ZPS@R$R&8]T;/;-)KYB2X/N
M0I73\9Q9O(5%1K1@46*S1 E2LE-I#36 $ D E'_L^OU@X#Y&+)'HEK.KS"]4
M/+8416H424BAQ*G>HOD6'4W#"=^BT0UJG;G&F$-JTH0C0\[9)=USOQ=/G"/"
MQT@^6%&1; 7L^#=&Q]RP:7D=[6NU5B)L,Y33L4JU!RQG_?&2K5$"/(^E1B;5
M"MCG$SPOBW=*14KK<D%T]@G9HY(#G%NO<LWE,*)Y@738M.*>8]3 D%L(P4H0
M_C74OR@@)<2'JLCB)#= @AAJO'*55?& [-%+(JJG$.O1ANXBW3,2A[2G]H%6
M"ZVE)\: 8P+A#32R'L\61]P6V3.XWE=Z64W0-V(F!<OOT:[Y'D/,X9$SVFL6
M0>*MM"Y2N*@A"R57$:BN=/K7;3)5.<3*CE-UZ8G[KD';F(ABEF-/F.;.5V[3
M2;;,^!"G:G>'.8ZJLN 0$TY/3JJ@<W,>*NM-HD(<U-*K[P;?8L)UEI]3*UH*
M<WNK7X=TDTMC1K]3*UW7#H;L!9EA16K>.7*.L9F5/7.PM"R?0P2(8*(D(RD_
M?;B+="X_D%BGL)WE.3K0N)LV/!,A\!(Q#4'[GUB")YKF!*1F8.<^U4Y_Y6AU
M0\- .1Y^T 0U6$B5UT65W+QHB[V*Q D![:=<D&I9GDZV19H[:/&3AI-EAM:'
M1QUI\W>&-*^+%BU#51+7W6/BT:(0XXUIE9%G5$*E!:>BY93/0LTD11(F<3ZI
M\1[A/816);.E2*8)FJMTN2N=B US7(EW1<.VN)8,1U,!HC$Q(C,5U//W-+E=
M=,CHB* KP#;U>/FH:B"" IC]PUH@HFKR$J,)XLV#78F_S(L%'+>:='0;&+*V
M:N/BECVT\,</1;%;;#VVFR-I5>QLC8R6Q8I67W5(,^LFVGZNN=ET"0E*W0$+
MAKX.XCB/>S6EB4)567!5F/1KP!?:E%RNFHUHAT0NLG9/"NJ9@A[BI.62I,C3
MHKJBY<AC6#0I:/;4WN52\RB-0.@QB9J-(I)PS[P3HIS3:H7CNJ*9<"+$*'/
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M.VB9J5*9*@WS"G8:5NTO7YL:$CBREM^$B)-1)S0@R3'J+^,=93.PBXFZNQ1
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MKK%2;K06* K"$=$B*5E9-81!#/+H*Y:Z2_WXA[1@NDIC)A*UU6!L2[\DQ8C
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M4858A5002551U0*;2[DODW,<=,V2^9<PVUS$8!BHFQ;-R?S=5CBJ99[ 2,=
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M2; H4:U$7$/.9$G16[LC,S,2?(IY\\WL=R/]SS<_QM3/R5J&<U>6_P"-]3]
MT_WW99T3Y&OBI:_3=O\ <]?FU#-.YMG&,8QC&,8QC&,8QC&,8QC&,8QC&,8Q
MC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8Q
MC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,9AE>>@/IBY'M]AO5MI<M(66TR9$
MO,FLW&U M$'$[UMUQL0*58%'3OLUK3;#2$)UKVM=O;O><ZWRD<8ZBC6UNOVH
MHIU%]JNJ=?K6R =1%T]QU1C#])3/,S*?3RY\LPO8>3[A+:W;&PO:LG6[3.Z]
ML7]BKK/E \^VJV"Q] Q'( &/1\'/+4]C.Z0/-_->GES^FLOO?:X]]=A[+U/V
M'+/WKN!_4Q>TMK]NQ[&=T@>;^:]/+G]-8]]KCWUV'LO4_8<>]=P/ZF+VEM?M
MV/8SND#S?S7IY<_IK'OM<>^NP]EZG[#CWKN!_4Q>TMK]NQ[&=T@>;^:]/+G]
M-8]]KCWUV'LO4_8<>]=P/ZF+VEM?MV/8SND#S?S7IY<_IK'OM<>^NP]EZG[#
MCWKN!_4Q>TMK]NQ[&=T@>;^:]/+G]-8]]KCWUV'LO4_8<>]=P/ZF+VEM?MV/
M8SND#S?S7IY<_IK'OM<>^NP]EZG[#CWKN!_4Q>TMK]NQ[&=T@>;^:]/+G]-8
M]]KCWUV'LO4_8<>]=P/ZF+VEM?MV/8SND#S?S7IY<_IK'OM<>^NP]EZG[#CW
MKN!_4Q>TMK]NRMUGN>'2K4;' VN!H\P).5F9C)^'*<NMM)0-*1!K,@ ^L8F7
M='(2T4.TXIE]MQEW2=H<0I"E)W;7?*=QKL*=JA;VX-JW:[JEE<:[6+EB+"R4
MT.M=,&!U+,AZ@(3'GS$HF(G+BIY..#J%NM=JZDE6:=A-JNSW0V1]M]=@M4?0
MRX2SZ6 )=)B0%RY$,Q,QF;N8#F<8QC&,8QC,8>9>CW@;GRTBW/DZKR,W/APP
ML .4+9K!#M-Q891IK#&Q8J0$'6I)$B6YMY;:GE:<TA2]H0VE.6:'C?B;AFJV
MEI=@-2LZP5IBYIT;'4\EJ21]=FLYD<UI6/2)0$=/.!@I*9Q?=\&\.<16EW-Q
MKYMV4UQJK9%N[7Z4 QK1#HK6$A/)CF%U$,G/5RDN4#$1+[&=T@>;^:]/+G]-
M9-^^UQ[Z[#V7J?L.0_O7<#^IB]I;7[=CV,[I \W\UZ>7/Z:Q[[7'OKL/9>I^
MPX]Z[@?U,7M+:_;L>QG=('F_FO3RY_36/?:X]]=A[+U/V''O7<#^IB]I;7[=
MCV,[I \W\UZ>7/Z:Q[[7'OKL/9>I^PX]Z[@?U,7M+:_;LCN]]SRZ5("7XO#C
MJ'*H8M7(B*W+Z=NUQ=4Y%JI-VG=MLJ5-=K#OE"#CU^&1^Z\&AQK_ $759*ZW
MRG\;VD;AC=U$E2U4VT=.MU(Q#HV&OK<RB*/W0]JRV.F?1SF)^&(R,V/DXX,K
M.U(*T_(;FS&J_GL-K,RF:%^QR&9O?<EW*ZYZH]/*)CX)G)$]C.Z0/-_->GES
M^FLBO?:X]]=A[+U/V')/WKN!_4Q>TMK]NQ[&=T@>;^:]/+G]-8]]KCWUV'LO
M4_8<>]=P/ZF+VEM?MV/8SND#S?S7IY<_IK'OM<>^NP]EZG[#CWKN!_4Q>TMK
M]NQ[&=T@>;^:]/+G]-8]]KCWUV'LO4_8<>]=P/ZF+VEM?MV/8SND#S?S7IY<
M_IK'OM<>^NP]EZG[#CWKN!_4Q>TMK]NS.6$AP:]#1$!%MJ9C(., AXYE;JWE
MM Q@C00C:WG5*==4@=AM*G7%*6YO6U+5M6][S7CFL>UKVEU-<PVL+E ]3&%)
MF72,0,<R*9Y#$1'/E$1'HS/%*!*EI7'2M2P4L><ST@L8 (YE,E/(8B.<S,S\
M,S,Y4\IY4QC&,8QC&:U^ZK^Y:1^,JH_W.?S:WD:^.J?T;L/]"\UCY7/B<[](
M4?\ 6><U^==9RKC&,8QC&,8QC&,8QC&,8QC&,Z*.Y'^YYN?XVIGY*U#.4?+?
M\;ZGZ!I_ONRSI_R-?%2U^F[?[GK\VH9IW-LXQC&,8QC&,8QC&,8QC&,8QC&,
M8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,
M8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,
M8QC&,8QC&,8QC&,8QC&,8QC&,8QC(=Y5_A#P9^.)K_AAR=D]I?O7B/\ 0)?Q
MC3Y![C[YX?\ TX/\*VN3%D#DYC&,8QC&,8QC&,8QC&,8QC&,LR]\=T?D^#U6
MN0:O$6Z 2:/):B9L;187CPJ'FQBMLJWI.W64$/:;5OM[WPBMZUV]F]7NOV5_
M56(MZVY8HVH EP^JTTM@#Y08083!=)1$=4<^4\LL[VOH[.O-785*]VM)"<HL
MJ!RI,)Y@4@<2/4,S/*>7..>0UZS7I8\Q''/YA8_S9.^?/&/Y3;KVA8^GD+YF
M<)_DYI_F%?Z&/6:]+'F(XY_,+'^;'GSQC^4VZ]H6/IX\S.$_R<T_S"O]#'K-
M>ECS$<<_F%C_ #8\^>,?RFW7M"Q]/'F9PG^3FG^85_H8]9KTL>8CCG\PL?YL
M>?/&/Y3;KVA8^GCS,X3_ "<T_P PK_0QZS7I8\Q''/YA8_S8\^>,?RFW7M"Q
M]/'F9PG^3FG^85_H8]9KTL>8CCG\PL?YL>?/&/Y3;KVA8^GCS,X3_)S3_,*_
MT,>LUZ6/,1QS^86/\V//GC'\IMU[0L?3QYF<)_DYI_F%?Z&/6:]+'F(XY_,+
M'^;'GSQC^4VZ]H6/IX\S.$_R<T_S"O\ 0QZS7I8\Q''/YA8_S8\^>,?RFW7M
M"Q]/'F9PG^3FG^85_H8]9KTL>8CCG\PL?YL>?/&/Y3;KVA8^GCS,X3_)S3_,
M*_T,EZ@<9<?\5Q!,#QU4H6G0QA[DH5&P0B0Q'Y%U@<5PQQI.]IV^L<49E2_:
MWM#+>M_Z.LA-CM-EMWC:VEZU?L"H4B^VXWL%0$9BN#.9F $F&4#$\H(RGESF
M<F*&MU^J05;6TZU&N3"<2:J@2N6D(B3) (B),A !DN7.8$8_%&7UEAE]C&,8
MQC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,L&7Y7X
MMK\B5#SW)5 A)8):&S8N7N-=C9$1;C:'D(*!,D621UK9<;=0EUI&U-N(<UK:
M5IWN31I=S:4#ZVIV=A#(F5N10M-4<1,C,@Q:B H@HD9D9GE,3'PQ.1SMQJ*S
M318VFN0Y<Q#$NO5E-"9B"B#6;1,9D9B8@HCG$Q/P3&4WU;^%O.]Q?Z?U3Z6R
MKYO;_P!1[CV9=^HRE[OZ+UUJ?:-/Z['JW\+>=[B_T_JGTMCS>W_J/<>S+OU&
M/=_1>NM3[1I_78]6_A;SO<7^G]4^EL>;V_\ 4>X]F7?J,>[^B]=:GVC3^NQZ
MM_"WG>XO]/ZI]+8\WM_ZCW'LR[]1CW?T7KK4^T:?UV/5OX6\[W%_I_5/I;'F
M]O\ U'N/9EWZC'N_HO76I]HT_KL>K?PMYWN+_3^J?2V/-[?^H]Q[,N_48]W]
M%ZZU/M&G]=CU;^%O.]Q?Z?U3Z6QYO;_U'N/9EWZC'N_HO76I]HT_KL>K?PMY
MWN+_ $_JGTMCS>W_ *CW'LR[]1CW?T7KK4^T:?UV/5OX6\[W%_I_5/I;'F]O
M_4>X]F7?J,>[^B]=:GVC3^NQOG#A;6NW?+_%VM?R[O\ 4]:_Q;'F[Q!ZBW'L
MR[]1CW?T7KK4^T:?UV?GU<N%//!Q;\8%3^E\^^;G$/J+<^R[WU&/=_1>NM3[
M1I_78]7+A3SP<6_&!4_I?'FYQ#ZBW/LN]]1CW?T7KK4^T:?UV/5RX4\\'%OQ
M@5/Z7QYN<0^HMS[+O?48]W]%ZZU/M&G]=CU<N%//!Q;\8%3^E\>;G$/J+<^R
M[WU&/=_1>NM3[1I_78]7+A3SP<6_&!4_I?'FYQ#ZBW/LN]]1CW?T7KK4^T:?
MUV/5RX4\\'%OQ@5/Z7QYN<0^HMS[+O?48]W]%ZZU/M&G]=CU<N%//!Q;\8%3
M^E\>;G$/J+<^R[WU&/=_1>NM3[1I_78]7+A3SP<6_&!4_I?'FYQ#ZBW/LN]]
M1CW?T7KK4^T:?UV/5RX4\\'%OQ@5/Z7QYN<0^HMS[+O?48]W]%ZZU/M&G]=C
MU<N%//!Q;\8%3^E\>;G$/J+<^R[WU&/=_1>NM3[1I_78]7+A3SP<6_&!4_I?
M'FYQ#ZBW/LN]]1GSS@T/KO4>TJ7UV/5RX4\\'%OQ@5/Z7QYN<0^HMS[+O?48
M\X-#Z[U'M*E]=CU<N%//!Q;\8%3^E\>;G$/J+<^R[WU&/.#0^N]1[2I?78]7
M+A3SP<6_&!4_I?'FYQ#ZBW/LN]]1CS@T/KO4>TJ7UV/5RX4\\'%OQ@5/Z7QY
MN<0^HMS[+O?48\X-#Z[U'M*E]=CU<N%//!Q;\8%3^E\>;G$/J+<^R[WU&/.#
M0^N]1[2I?78]7+A3SP<6_&!4_I?'FYQ#ZBW/LN]]1CS@T/KO4>TJ7UV/5RX4
M\\'%OQ@5/Z7QYN<0^HMS[+O?48\X-#Z[U'M*E]=CU<N%//!Q;\8%3^E\>;G$
M/J+<^R[WU&/.#0^N]1[2I?78]7+A3SP<6_&!4_I?'FYQ#ZBW/LN]]1CS@T/K
MO4>TJ7UV/5RX4\\'%OQ@5/Z7QYN<0^HMS[+O?48\X-#Z[U'M*E]=CU<N%//!
MQ;\8%3^E\>;G$/J+<^R[WU&/.#0^N]1[2I?78]7+A3SP<6_&!4_I?'FYQ#ZB
MW/LN]]1CS@T/KO4>TJ7UV/5RX4\\'%OQ@5/Z7QYN<0^HMS[+O?48\X-#Z[U'
MM*E]=CU<N%//!Q;\8%3^E\>;G$/J+<^R[WU&/.#0^N]1[2I?78]7+A3SP<6_
M&!4_I?'FYQ#ZBW/LN]]1CS@T/KO4>TJ7UV/5RX4\\'%OQ@5/Z7QYN<0^HMS[
M+O?48\X-#Z[U'M*E]=CU<N%//!Q;\8%3^E\>;G$/J+<^R[WU&/.#0^N]1[2I
M?78]7+A3SP<6_&!4_I?'FYQ#ZBW/LN]]1CS@T/KO4>TJ7UV/5RX4\\'%OQ@5
M/Z7QYN<0^HMS[+O?48\X-#Z[U'M*E]=CU<N%//!Q;\8%3^E\>;G$/J+<^R[W
MU&/.#0^N]1[2I?78]7+A3SP<6_&!4_I?'FYQ#ZBW/LN]]1CS@T/KO4>TJ7UV
M/5RX4\\'%OQ@5/Z7QYN<0^HMS[+O?48\X-#Z[U'M*E]=CU<N%//!Q;\8%3^E
M\>;G$/J+<^R[WU&/.#0^N]1[2I?78]7+A3SP<6_&!4_I?'FYQ#ZBW/LN]]1C
MS@T/KO4>TJ7UV1-R;S+P^7/<+N"\K<;$M@<LMF'.#WJKO(##]3CD<7QHM3<H
MI(XWC10HWAWMH:\.2PSW_A'FTJF]/H-Z%;B"#TNV"6:0EK@M;<&6'[JZH^@(
ME,21] &?2/.>D"+ER&9B%VV\TAV-%(;C5'"]T+&2.PJ%"P]S-F'6<PZ8$.LP
M'J+E'40CSYE$3+/JY<*>>#BWXP*G]+Y">;G$/J+<^R[WU&37G!H?7>H]I4OK
ML>KEPIYX.+?C J?TOCS<XA]1;GV7>^HQYP:'UWJ/:5+Z['JY<*>>#BWXP*G]
M+X\W.(?46Y]EWOJ,><&A]=ZCVE2^NQZN7"GG@XM^,"I_2^/-SB'U%N?9=[ZC
M'G!H?7>H]I4OKL>KEPIYX.+?C J?TOCS<XA]1;GV7>^HQYP:'UWJ/:5+Z['J
MY<*>>#BWXP*G]+X\W.(?46Y]EWOJ,><&A]=ZCVE2^NQZN7"GG@XM^,"I_2^/
M-SB'U%N?9=[ZC'G!H?7>H]I4OKL>KEPIYX.+?C J?TOCS<XA]1;GV7>^HQYP
M:'UWJ/:5+Z['JY<*>>#BWXP*G]+X\W.(?46Y]EWOJ,><&A]=ZCVE2^NQZN7"
MGG@XM^,"I_2^/-SB'U%N?9=[ZC'G!H?7>H]I4OKL>KEPIYX.+?C J?TOCS<X
MA]1;GV7>^HQYP:'UWJ/:5+Z['JY<*>>#BWXP*G]+X\W.(?46Y]EWOJ,><&A]
M=ZCVE2^NQZN7"GG@XM^,"I_2^/-SB'U%N?9=[ZC'G!H?7>H]I4OKL>KEPIYX
M.+?C J?TOCS<XA]1;GV7>^HQYP:'UWJ/:5+Z['JY<*>>#BWXP*G]+X\W.(?4
M6Y]EWOJ,><&A]=ZCVE2^NQZN7"GG@XM^,"I_2^/-SB'U%N?9=[ZC'G!H?7>H
M]I4OKL>KEPIYX.+?C J?TOCS<XA]1;GV7>^HS[[OZ+UUJ?:-/Z['JY<*>>#B
MWXP*G]+X\W.(?46Y]EWOJ,>[^B]=:GVC3^NQZN7"GG@XM^,"I_2^/-SB'U%N
M?9=[ZC'N_HO76I]HT_KL>KEPIYX.+?C J?TOCS<XA]1;GV7>^HQ[OZ+UUJ?:
M-/Z['JY<*>>#BWXP*G]+X\W.(?46Y]EWOJ,>[^B]=:GVC3^NQZN7"GG@XM^,
M"I_2^/-SB'U%N?9=[ZC'N_HO76I]HT_KL>KEPIYX.+?C J?TOCS<XA]1;GV7
M>^HQ[OZ+UUJ?:-/Z['JY<*>>#BWXP*G]+X\W.(?46Y]EWOJ,>[^B]=:GVC3^
MNQZN7"GG@XM^,"I_2^/-SB'U%N?9=[ZC'N_HO76I]HT_KL>KEPIYX.+?C J?
MTOCS<XA]1;GV7>^HQ[OZ+UUJ?:-/Z[/[KG'A7?UN7^+M_P"SD"I[_P#26QYN
M\01\.BW,?]F7?J,>[^B]=:GVC3^NS^^K?PMYWN+_ $_JGTMGSS>W_J/<>S+O
MU&/=_1>NM3[1I_78]6_A;SO<7^G]4^EL>;V_]1[CV9=^HQ[OZ+UUJ?:-/Z['
MJW\+>=[B_P!/ZI]+8\WM_P"H]Q[,N_48]W]%ZZU/M&G]=CU;^%O.]Q?Z?U3Z
M6QYO;_U'N/9EWZC'N_HO76I]HT_KL>K?PMYWN+_3^J?2V/-[?^H]Q[,N_48]
MW]%ZZU/M&G]=CU;^%O.]Q?Z?U3Z6QYO;_P!1[CV9=^HQ[OZ+UUJ?:-/Z['JW
M\+>=[B_T_JGTMCS>W_J/<>S+OU&/=_1>NM3[1I_78]6_A;SO<7^G]4^EL>;V
M_P#4>X]F7?J,>[^B]=:GVC3^NQZM_"WG>XO]/ZI]+8\WM_ZCW'LR[]1CW?T7
MKK4^T:?UV/5OX6\[W%_I_5/I;'F]O_4>X]F7?J,>[^B]=:GVC3^NR^8.P0-G
MCFIBMS<188E];K;$I!R0<M'/.,.*9?0T: \0,XMEU"VG4H=VIMQ*D+TE2=ZU
M'6*UFFTD6Z[ZKQ@9)-A3$-&"B"&26T1.((9@AF8CG$Q,<XG)"O9KVU0^J]-E
M)24"ZNT'**1F1*(8LB"9$HF"B)]$Q,3Z<J^4,K8QC&,8QC(!<ZJ^FEEQ;3O/
M'%+;K2U-N-N7BOH<;<0K:5H6A1VE)6A6MI4E6M;2K6];UK>LR$>$N*C$3#AK
M?D)1!"0Z?8$)"4<X(9BO,3$Q,3$Q,Q,3SC($N*>&0(@/B'1B0S(D);6B)"0S
MRD2B7Q,3$Q,3$Q$Q,<IS\>NOZ9O/WQ-Z=5[]>S[YH<6?DQQ![&V/V?/GG7PO
M^4>B]K4/M&/77],WG[XF].J]^O8\T.+/R8X@]C;'[/CSKX7_ "CT7M:A]HSP
MRG5CT\(C)!<+SKPR1,(!+5%#R?(4*)'/R*6'-A,GEBNF$BA.DZ:040.&4^RP
MI;C0SZTI:543P?Q-+E18X:XD!$L"'DG27V-%,E'<)0&E8&P0ZI "8 D41!&,
M3)13=Q7PY"FRCB+AXGPLY2+=Q2!1-@9[8L,&F8+D^4&0@9",S, 4Q SCQPQU
M=<,2E@O^[!:N-Z?$G6Z8G##[9?J=HYZ3+CJZ"+%5U@"0/9FXT3<=*.R%DV4)
M&.I7$(A=2JR93R-E/$'!F\35UGA:.ZOO71166NEI=KVQ2MMIIOM$VLHJ[F=Y
M(JJ0!N&8L38E'0GQ&,Z'B[2ML[+Q-W3TE,O/L&RYN-9UDUBZJP36%=AD6%!V
MG2RUU@J8E$([TF[L9%>N@Z5_/=PWZ8UC];S%?-3C#\G.(_9.R^SYD_G/PG^4
M'#_M37?7X]=!TK^>[AOTQK'ZWCS4XP_)SB/V3LOL^/.?A/\ *#A_VIKOK\>N
M@Z5_/=PWZ8UC];QYJ<8?DYQ'[)V7V?'G/PG^4'#_ +4UWU^7_1>2N(^3E22>
M.KC1[NJ&T*J6U5Y2)FO)NCMD:#V;L!Q_0_C6Q2? >%[W;O@'N\[?!J[(Z_K-
MSJI5&TH;/72^#E,7JMJI+H7T]R518!?<@.L.OIY]/6/5RZHYR%'8ZC9PV=;>
MUVPA/1#II6:UJ%2SJ[<,[!GT=?0?1U<NKH+ESZ9Y2%X@#_T(3X,S_DR.[C/[
M0_\ O%_SR_[:_P"S#_NC_P LL&]<B\3\8HC7.1+=2J0W,J*1$N6B3BH5$BL'
M0ZC$!J/<920H9)0VWTM[5MO3[6U:UI>NV0H:[<;4F!K*.RV))@2<-&M9MDH3
MF8 F0@&2$%(E R41$S$Q'/E.6-[8:G6"LME=U^O%LD*BNV*]46$$1)"N7F$'
M(P424#,S$3$S\.1YZZ#I7\]W#?IC6/UO)+S4XP_)SB/V3LOL^1WG/PG^4'#_
M +4UWU^/70=*_GNX;],:Q^MX\U.,/R<XC]D[+[/CSGX3_*#A_P!J:[Z_'KH.
ME?SW<-^F-8_6\>:G&'Y.<1^R=E]GQYS\)_E!P_[4UWU^8Z\Y]6O"()=.9@K3
MQM=H5JVU":;(JEZIKTL/*PTR\2;&34?(R,>+'Q$@!L5<?8MGNQPI3$BQ/>2F
M=QI!V5<-\';Y@; K-'=ZZP5&_7D;NFVPH)-BN(+=7:JLTVO4WN0VKVA:8$HJ
MO?+O K&>(.+-&LZ,5[NFOH&[2?!4]MJR<+D.(C4]3;"@4EB^B56>X2@,618[
M(]HF3M#]4/36[$QKL]S%P4%-N!#.2P<7>Z\?'"2"VDJ+&!.)\0(-%8>VMIDM
MX$-PAM"7EBC[7MI&.6.%.*A>T:V@XI97AAPACM-L5--4%, ;%@MHK,AY$0"Q
MD!,R,&?+JG($<3<,2E4V=YPTNQ*PEP)VU!B@;(Q)BMAFLF )<X$R6N2B(*0&
M9Y14O7.]*OGKX9],*O\ K>4?-;C'\G>)/96S^HRKYR\)>ON'O:>N^NQZYWI5
M\]?#/IA5_P!;QYK<8_D[Q)[*V?U&/.7A+U]P][3UWUV?U/4WTK*5I*>:N&E*
M5O24I3;ZQM2E;WV:UK6B^W>][]K6M>WO?M:SY/"W&$1,SP]Q'$1$S,SJME$1
M$>F9F91RB(CX9Q'$O"<S$1ON'IF9Y1$;/73,S/P1$=[TS.3\B/C'$I6@$%2%
MI2M"M"L;TI*M:VE6M^#]O6];UO7_ %9CW>;_ &K/^^7_ #R?[*O[)?\ W!_Y
M91K')TZGPDA9;45 5ZOQ+27Y.9F-A 1H#"WFV$/%F$:;88;4\\TUI;BTI[]Q
M*>WMWK*U<+MQZZU0;5FRXNA->O#7.:<Q,P"U+ZC,IB)Y"(S,\O@RC8.E42RS
M:*M6KI'K:]\J4E0<XCJ8QG2 #SF(ZB*(]/PY#/KG>E7SU\,^F%7_ %O)SS6X
MQ_)WB3V5L_J,AO.7A+U]P][3UWUV/7.]*OGKX9],*O\ K>/-;C'\G>)/96S^
MHQYR\)>ON'O:>N^NQZYWI5\]?#/IA5_UO'FMQC^3O$GLK9_48\Y>$O7W#WM/
M7?7995_ZL.G:'KA,A7.2.';6ZRK>I2&#O54&F7H9T<AHPBOM/$>*R4R$XL<M
MB)))!3)#,E"C%HD' VGI#5\(<3V+8*MZCB.D)<NS89IMF=<7B8$L;1"GK379
M$&!/ &RHR S7*H80V&RXKX<15)M7:\/W"&?Y9 ;;6@\D2)0PJT$[H:]<R)BD
MS7#1$P ^[*Q*R^ ^J'@%?&%0$MM_X@J#L/6*O! QTM>*H[8240U>C8^0DIL%
MHA;$.LR48,W'1WCAAODM ADIY/D"R(B.D.)N$^(XW%XZ.JXAOQ8N7++7(T^S
MBJ$V+36J5782()\+22X<WMK7WY8M/=4L'MLN'>)^'YU-(+FST-*45*E=:G;7
M6S9.$5E*:UZX=(HDW"?:5UFSLP#'=MIDA4S^N:Z4O/3POZ75;]:S'_-;C'\G
M>)/96S^HR<\Y>$O7W#WM/7?78]<UTI>>GA?TNJWZUCS6XQ_)WB3V5L_J,><O
M"7K[A[VGKOKL>N:Z4O/3POZ75;]:QYK<8_D[Q)[*V?U&/.7A+U]P][3UWUV2
M[4YR@WR#&LU+D*Q:J\:X2T'-P+D=)Q93@9#@I2!S1-.CNJ'):='>TA:O!O-N
M-*[%H5K4-;1L:%AE2\JY2M*Z.[6M@^N]?6 L#K2V 8'6LQ,>H8Z@(2CG$Q,R
M]5M"\@+5)E2W6;U=NQ6-+T,Z#)9]#520%T, @+I*>DQ(9Y3$QER>2HOWM ^!
MC_-Y;=YO]JS_ +Y?\\N.RK^R7_W!_P"61';>:.GZA39%:NW(O&-4L K0[Y,+
M8)V BI)ADME! KK@9CS3Z6R&%H=97M'>N(5I2=[UDQ3TG$FQ1%G7ZG=7JQ$0
M#8IT;UE,F$\C&&I4820SZ"&"YC/PQ&1-O<</:]TUK^TT]*P(B4HMW*==T"<<
MQ*5N8!P)1Z1GIY3'P3.6UZYKI2\]/"_I=5OUK+KS6XQ_)WB3V5L_J,MO.7A+
MU]P][3UWUV/7-=*7GIX7]+JM^M8\UN,?R=XD]E;/ZC'G+PEZ^X>]IZ[Z['KF
MNE+ST\+^EU6_6L>:W&/Y.\2>RMG]1CSEX2]?</>T]=]=F,<MU:<1IYSAF1IS
MB,H0:N6F!'M:.0JBFAZ@9JTTN5$FY.24[Y1$G@H>#EP7JNU%$EE3R ="F(KL
MD_/1N8(X.W/FV\BJ\0+8=NG9.E.DVGNE-FO2V"#KI3">T=9C["&#<)P %:6=
M:YM*&L[$G<6:GSA0(V-"8!5N5AN>[&L]S_#/N4'!8:WN]T+*T5WK*G"B,[';
MZ&15:5A63?KF>E'ST<+>EM5_6LQ#S7XR_)[B7V5L_J,RSSDX1]>\.^TM;]=C
MUS/2CYZ.%O2VJ_K6/-?C+\GN)?96S^HQYR<(^O>'?:6M^NQZYGI1\]'"WI;5
M?UK'FOQE^3W$OLK9_48\Y.$?7O#OM+6_797:SSCTZ7.< K-2Y,XKLEBE5NMQ
ML)"6"NR4H>XP.\6^@4(5YTA]3(H[Y#NFT*\&PRZZKL0A6]6]O1<44*[+=[4;
MVG55T]VS:H7ZZ%]9BL.XYJ@6'6PP6/44=1D(QS(HB;BKN>&KSUU:6UTENRWJ
M[5>M=HO>SH F'T*4PC/H6!&72,]("13RB)F)D\DQ7O9'_ AOF\A>^_\ MF_K
M#_YY+]A']BK]6'_+'DF*][(_X$-\WCOO_MF_K#_YX["/[%7ZL/\ ED.6?G#I
MUI<X?6;=R7Q76K%%J91(PDY/UZ-E 5$#LF#I*"+>:(9V\*0P2UWZ$^$8>;=3
MVH6G>YFIH^)[]==NCJ-[=JMZ^U9J4;]A#.@R6?0Y2C6?0P" NDIZ3$AGE,3$
M1%K<\-T7G5N[325+*NGN5[-VBAZ^L!8'6IK!,>H"$QZACJ$A*.<3$Y0?7,]*
M/GHX6]+:K^M9<^:_&7Y/<2^RMG]1EOYR<(^O>'?:6M^NQZYGI1\]'"WI;5?U
MK'FOQE^3W$OLK9_48\Y.$?7O#OM+6_78]<STH^>CA;TMJOZUCS7XR_)[B7V5
ML_J,><G"/KWAWVEK?KLQEC^K/B%7.<DR_.<1L"OUZOP+UK7R#4=T3ZGHNU6B
M6)FP9/3NY B?*A)6.!:JJXI@QBQ*+227NL!-6,[+V\';J.'$D-;B$C&U:LC2
MC2;7W2\4ZE32%=B>UVAJA80UA78>2RJ=$@OQC"J+Q-?%FH\X&B5C0B!5JU<K
M<[G6>YWAE7+CBL+;W>Z5DZ[E*BI*18-KKZCFHL;+,FO7,]*/GHX6]+:K^M9B
M'FOQE^3W$OLK9_49EGG)PCZ]X=]I:WZ['KF>E'ST<+>EM5_6L>:_&7Y/<2^R
MMG]1CSDX1]>\.^TM;]=CUS/2CYZ.%O2VJ_K6/-?C+\GN)?96S^HQYR<(^O>'
M?:6M^NRY*GS1T^7R<&K-*Y%XPM=A,;)=$A8"<K\K)D-!L.%%.-!AO.OK0..T
MX\\O2-I;;0I2MZUK+6YI>)=<B;6PU6[HUA(1*Q<I7JR!(YY ,M<L @BGT#$E
MS*?1$3ES4V_#M]T5J.STUVP0D0HJ7*5AQ"$<S*%*89R(QZ2F!Y1'IGEDN^28
MKWLC_@0WS>0_??\ VS?UA_\ /);L(_L5?JP_Y9']ZY X>XQU&[Y$M-$I&IG9
M6HE5H/AX5,CL'P&S-!;/4SHC8NBAMOZ:VK;6GVMKUKOT]LA0H;O:RT=93VFQ
M),#+AHU[=N50<E 2R$ R0@Y$H&2Y04B7+GRG+"]=TVLA<[*WK-?#I*$S=?5J
MPV0Z9.%R\@@Y""&2@>?3U#SY<XR/O7,]*/GHX6]+:K^M9)>:_&7Y/<2^RMG]
M1D?YR<(^O>'?:6M^NQZYGI1\]'"WI;5?UK'FOQE^3W$OLK9_48\Y.$?7O#OM
M+6_78]<STH^>CA;TMJOZUCS7XR_)[B7V5L_J,><G"/KWAWVEK?KLQUYMZL>#
MHZ5H[<#8^,KI##VRN33)=4O-*<D692-=E$EQ,^%(GQX\5$G,$Q[L?8]FD1@[
MK,HU/>24MQ;LIE7#W!_$#D;&;-/>:^P5*U7(+VGV\))+H3(.K,56:;GK(&BV
MKVP<0DF:W?F7"G&=_P 5Z)3M?%:WI;R!NU7P=/;:N6BU1-ZTV08]0I2P27*K
M4L)(D+8L]CDF73W$]3O3.Y%QSDYS#P2),N BKEA8N\5TV-&D5,H48. :5XB2
M6&R1MQL<E\(1Y]I*'7!6%+VTC&7\*\5PYL5M!Q0RO##A!NTVQ6TU04PLVK!;
M 69#RD@%C!$ID8,HCJG(D\3<,2E4V-YPT#Y6,N!.VH,4#)&.L5L-BR,!+G F
M2PDHB)D!F>F*AZYKI2\]/"_I=5OUK*7FMQC^3O$GLK9_495\Y>$O7W#WM/7?
M78]<UTI>>GA?TNJWZUCS6XQ_)WB3V5L_J,><O"7K[A[VGKOKL_2.I?I4<6E"
M.9^&5K6I*$(3;:NI2E*WK24I3HK>]J5O>M:UK6][WOLUGR>%^,!B2+A[B,1&
M)DBG5;*(B(CG,S,HY1$1Z9F?1$9]CB3A,I@1WO#\E,Q$1&RUTS,S/*(B(=SF
M9GT1$>F9R?M1<4K6E)CH_>E:UO6]!C]F];UVZWK_ )/ZV]>WF/=YO]JS_OE_
MSR>[*O[)?_<'_EE#LLE2J;!R%FMA-=KE>BFVG9.:F?$(^, :>(:%:<+,)TVP
MPAPE]EA*G%I3MUU".WM5K*]9=ZX]=6F%JU9<72FO7%KGM+E)=*U+@C,N43/(
M1F>43/+T91L'2J)99M%5K5U#U-?8E24K'G$=3&LZ0 ><Q',BB.<Q'X\AOUS7
M2EYZ>%_2ZK?K63?FMQC^3O$GLK9_49#><O"7K[A[VGKOKL>N:Z4O/3POZ75;
M]:QYK<8_D[Q)[*V?U&/.7A+U]P][3UWUV/7-=*7GIX7]+JM^M8\UN,?R=XD]
ME;/ZC'G+PEZ^X>]IZ[Z[+!Y+ZJ^G:*J<@96N1>'+6ZEM]F4AP;Q4QYM<.0"8
MP257F'B-#2DN"0X(4F((*!W( M',!$KD]@B%2>HX0XF=>4NWJ.(Z0S(DE[--
MLRKP\&+( M$*>M*&!!A+P!O:82R8$)[K CMKQ5PXFFPZNTX?N3$$+D+VVM&Q
M*"68D=82=T-<LI X21K[JX8*S[O; Z%P=U3< /\ '%89M?(7$-1<C(&OP\=&
M2EYJKE@>%B8*. )D9T)HA3$.0;),&N Q:2S2VXK0)$HH"4)+AXVYXBX2XD#:
MVYI:KB&]#;-E[G)T^SBJ)OLM8"JS"1!6!6DEPQW0L)?W 3#4@#VVW#_%'#Y:
MNH-S9Z"E*J]9"E-VVM*R0)KJ6;;"Q=(H)C19*TP;#A/;)W;<1H5+OKG>E7SU
M\,^F%7_6\@_-;C'\G>)/96S^HR:\Y>$O7W#WM/7?78]<[TJ^>OAGTPJ_ZWCS
M6XQ_)WB3V5L_J,><O"7K[A[VGKOKL>N=Z5?/7PSZ85?];QYK<8_D[Q)[*V?U
M&/.7A+U]P][3UWUV2_5)VBWJ#$LU,D:W:*Z>HE ,W!. 2<66H0ET,I(QHOA!
MWMCE,/#/>#6KP;[3C2NQ:%:U"VT["A894O*N4[2NGNUK0.KO7U@+ [B6P# Z
MUF!CU#'4!"4<XF)F7JMH74+M4V5+=9O5VK%8DO0SH,EGT-5) ?28$!=)3R,2
M&>4Q,9<7DV._Z %\%8^;RW[S?[5G_?+_ )Y<=E7]DO\ [@_\LB*V<V=/]#G"
MJS=>2>,JK80D#.EPL_/P,7)C-F#MEBN/!F/-/H00,\T^RI2-)<;6E2=[UO)B
MGI.)-B@;6OU.ZO5B(A&Q3HWK*"()Z3&&I4820SZ"B"YC/HF(R)M[GAZ@Z:U[
M::>E8$1(D6[E*NX1..8%*FL X$H](S(\ICTQSRV_7.]*OGKX9],*O^MY=>:W
M&/Y.\2>RMG]1EMYR\)>ON'O:>N^NQZYWI5\]?#/IA5_UO'FMQC^3O$GLK9_4
M8\Y>$O7W#WM/7?78]<[TJ^>OAGTPJ_ZWCS6XQ_)WB3V5L_J,><O"7K[A[VGK
MOKLQD,ZN>)D<Z ,L3_$[HK5?FH%JV(Y$J::)JN2%KK\LQ-F2FWM2+-@'A(XX
M!RJ(BGC'K(D;3!>JN6Y9 \O7P;N)X;:15>((,K5>S-&='M)V7C%4K2"KK1V>
MT54K#EMB]+A6-3KZ@\:$5#Q1G%NICB%4#:T1!%:Q6BY&YUL:^*K;E5PV&-[O
M<&R-=3%S3A),*U =)Q4.;2\G?70=*_GNX;],:Q^MYA_FIQA^3G$?LG9?9\RS
MSGX3_*#A_P!J:[Z_'KH.E?SW<-^F-8_6\>:G&'Y.<1^R=E]GQYS\)_E!P_[4
MUWU^/70=*_GNX;],:Q^MX\U.,/R<XC]D[+[/CSGX3_*#A_VIKOK\KU8YVZ?+
MK. 5FH<H<8V:Q2BGD1T)!V. DI0Y0PSQA&A0A"'7WML"CODN]XC?@V67'%=B
M$*WJVMZ#B37USMWM-NZ5573#+-O7WJZ%R9BL(-SE L>MA" ]11U&0C'.9B,N
M*N\X=O/"K2VVGN66=7;KU;U*P]G0!,/H4IIL+H 2,N0ST@)%/(8F8F/Q '_H
M0GP9G_)D-W&?VA_]XO\ GDOVU_V8?]T?^6?E04>A*EK##2A"=J4K8[/8E*=;
MVK>_W'UM:UO>\=QG]H?_ 'B_YX[:_P"H'_='_ED JZGNEE*MI5S9PXE2=[2I
M*KA6=*2K6^S>MZV7VZWK?M;UOV];]K>9#'"O%\Q$QP[Q%,3$3$QJ=E,3$^F)
MB81RF)CX)R GB;A2)F)W_#\3$\IB=GKXF)CX8F._Z)C/YZZ#I7\]W#?IC6/U
MO/OFIQA^3G$?LG9?9\><_"?Y0</^U-=]?CUT'2OY[N&_3&L?K>/-3C#\G.(_
M9.R^SX\Y^$_R@X?]J:[Z_*;,=4?3:U$R3L#S+P8;--A$N1(<I?*^!'%R"&5J
M$&..&V<0&*^_I#3Y3(1C@[:E.H%?VC32ZJ.$^*2>H;/#_$ZZ\L"'L3I=@UH*
MDHAAK4:U"PQ'G(@3%P4Q R8Q/5%)_%'#,);-?>\-F^%G*0=MZ"U&V!F0%C 8
MP@ BY01BLY&)DH ICIF#^"NL'ALHJXCS%SX^HT&[;;?-N/6CD"HC2;\K-2[!
M <9"Q\9)GBR,4"$DM<C8DG-1Q13\<S [EFO*1 &1\2<%;P H$C7;C96!HT:\
M#3TNU-(HKH,6.L-=54:G,9*X55E9- !;-F$%V19 </<8:8SO"Z_J=?7*[=L2
M5O<:P&DY[Q(%(4JRP&)6OKEMKN"HS)8U^]'=)>1OKK^F;S]\3>G5>_7LQ3S0
MXL_)CB#V-L?L^9/YU\+_ )1Z+VM0^T8]=?TS>?OB;TZKWZ]CS0XL_)CB#V-L
M?L^/.OA?\H]%[6H?:,>NOZ9O/WQ-Z=5[]>QYH<6?DQQ![&V/V?'G7PO^4>B]
MK4/M&>T;J=Z=C$;=$YLXR*;2O;:G![C"/(TO6DJVC:FRU)TK25)5M.]]NM*3
MOL[-ZR@WAKB-)0#M!N5%,=4"W675E(S,Q!1!IB9B9B8Y\N7.)C\4Y67Q%P^X
M9).\U#1B>F27L:9C!1$3(S(NF(F(F)Y<^?*8G\<9R)6#]_IO\+R7]]>SNG7?
M@^C^9U?V 9Q7?^_KOYW9_;'E(R\RTQC&,8QC&,8QC&,8S=SW'+_6<^_]SCG^
MM<\YS\O7\[PO_E[C_5K,Z \B'\UQ)_F:G_3L<W?YSWF^,TK]V,_>7@3\*<A?
MW2H9OWR#_?W$?YIK_P!M9S1OEN^\N'_SJ_\ L:V:+\Z3SGG&,8QC&,8QC&,8
MQC/4#]FA_?0_]LC*3_YAW^4S_065$_SJO\P/]49VQ@?8(7WH-_8HS\],[TS%
M3KN]R/S?_1<3Y0PV9GY//CMPY^D0_9LS$>/?B=Q!^CV?ZPSD]SMW.-<8QC&,
M8QC&,8QC&,8QG4+W-+W'W'/X5O?RWGLXT\K'Q]WG]VL_A-'.NO)A\1])_P!H
M_P 5O9GGFNLS[.8ONG7NN;?_ $9H_P G \Z\\C?Q)K?I#8?M1SE3RM_'%_YA
M0_9EFOO-J9K+&,8QC&,8QC&,8QC,R^Y\^[#X6_"=I^0=JS7GE6^(._\ [M9_
M&==F>^3'X\Z/^_8_PB_G5;G&6==XQC.5KNAWNP^8_ONI?(.KYV5Y)OB#H_\
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MH?NXY@-FT<UKC&,8QC&,8QC&,8QF:O<[_=A\/??-N^0=HS7'E:^(6[_QZO\
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M)?6V,(*R\42ZT.RZZBWMVZU"LZW<<%>L@>MKF3R$(YP,1^.2(BD0 !B389"
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MTL%Y8K[\O!1@" 7"W+#"#2KTQ7BF6Y()>XV;! DUH>[YL->FW=MYRCB+36B
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M)TD*0-]EJ4PQT@<)5W.XV0/MB707*Y8W@;EN7:D'HZF&DZC(R ER6DG0Z"G
MK3%3<W7M1X;LBV7+&RT16YZ0$BXIDV34+$FNJ#3IE66;N)=&@E"[8+#O.M(
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MAK*X2UI5]43MO->UM7"A"3\+/<8[8[36*Z$Q8\6"DNHUV6;+416[=D@!T-7
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M;)M9!=1%8HXKM14V%:\@+YWWI9X@C[#*RNFNB]7K@I?:6N]1J5J,P "->NJ
M4$CTB/[O_4>OE&QT6R7"B1+9=*M=HG.\JLD] ^5(2P3PUJ$K:E&!3B 40]C7
M/2#)S#+C+S=@+%;C!-,M.J:OA.--5V52ALGR&QI4Z\S=4-GLV:M8Z1W(A;*\
MLE]2*RB6900S5 R<SJD8^[+BB=O:U]J[KTB="W;?_L;2K]VO9L#<"K,L78%<
M(M%9;#!&1*+)A"@@8F;BB.JAJLR?)4Y7*"IJ4Y$O8%ZV/.VEF;@(<\&Z5J^M
M.-QK%6B)$R3'G8!UF/D$SH(HT1)NAE1$@6PF1<M'\%E<3J*UO9P2=5K6ZWJK
M4BKVK"FZ^WK"B7%=>E:2K6A)JO#,8;TBP'J I5%RCB^*C=K8JZZ8=L]BO8=-
MBW#ZR&+OU-C$PH*B&FT;%614V+"P%#26:6F,-F&N6N3!^2I.NN1M=^I:"JE?
M+KT'$.2ZYXMH>2M]JO4D\;+K B_''7K!<IC8VD1XR18U((:O&'1W3"9_1Z<M
M0FW#;?C;-VT%JR^$15"230I:U(K1#7=$#5H(ZYEIR;I8R.D2%80>YVH[5M:5
M5O"5Z=8ZU=$NFP< V[<V#28Z5JZY*S>?(\EC *[:YZI&3**,F\A\ZA>YI>X^
MXY_"M[^6\]G&GE8^/N\_NUG\)HYUUY,/B/I/^T?XK>S//-=9GV<R'=,WG!NK
M^TD,JTEX>O4-YI6TI7I+C5>"<0K:5Z4A6M*3K>TJ3M._K*UO6]ZSKOR.C!\#
MH$O2)7]B,QSF/03(B?3'ICT3\,>G.5?*R4CQFTAGD0T=>43RB>4PN9B>4\XG
MT_BF)C^G(UMW58/9HBWBC<91<1,7YKD$FTS29S1JU3/)!</)SKT*E4 /)@P*
M)B.-EA*_*S<^H8J7(:&E& AQA4S5'@HJCZ!GN'/1K"U8TZ\U^W'A]2%A-8;'
M*R26690Y:#M(KU8($#)I)AF<PUWC ;2+H!JE)?L1V17'^(@YE^T-#K!(CPP-
M77AZF."LY]F1-YP+H 1&/<SUK\AL<A7"^ZB8A2+!(,%0=;\7BAX6KB^J97.1
MY0=#(,&(W+R,XNO-Q$K9BV6;,2I]J:7*[DH\-2*9>3W5%JZ&M[[XFJH@LV^I
MQ6+A^Y%O4I*299.4*K1:EZ*8$5,($J\(A+3B:@\>;,=G>V/93RM-@Z]7I2**
M@3MJNT<,"NN$.;8FM"76S$;9R0V)=W5!,6O!=2+$+R;2.1DTT]7J?U<2NP$4
M/<$I??5'6J1L@9$W+2=8F%2@K[,D]$2XF@13)!C:RQY:.+6E;=Y9X2*QI]CJ
MIV"H]U+AV[3BH3TC#:2:AA60F[7A)B21>AG=-:CY 2&A'*;.OQ0*-K0V?@6S
M[FU K5DC>B"*57&V@.PYU1\N A;*7!T QH\S%ZCF)C\Q?4+6AJQ5:A-<3 62
MO0G)'JDR<(?9=M1!1K8MC9;@:^.Q7M&P5>,)G1RIP"7DK;J5U"QX;2H\-1#+
MAW"UP[EV]7WC:EJQJ?<A-A5/J>"Y.H4V;1G:E=FTL*IA6:A-&4S8:PH:<!,$
M\2U!J4Z5C3*M5D;3W4<AEKI09P%D8K5@&MW*U5AV!.PMS;O>A"EQ*U]0SYJM
MU)254Y5OW)K-?>L.[VUHHB)ML\F5>&LP$]!W*M65Z2!A(@4LFMW2O1LP"$Q"
MQP:HU#U>2ED AU:JEWA)-W2ZS4%9&K[FE( ^C6E G4;6LT+E05,L/-86]?:<
MAC"L-.'2-K[I@C$>:?%+:>WV.U&L5F=@/62;EB'$%M=BO>JVR:NND#.K>K*>
ML!0H.U!5HZ5D4S687JF(A.*0^,F*6A_;<9:@3YLJQN/[+*M''O,_'Q$HP*]"
MN2(I"AN8'9,X5^>/C2"JR"B-"A=24BZNWL<%A9W;-P>PD8EU)JJX58'H"EM>
M']J"#,;$*,(/0PE9C54X0N,ES+'92,5Z_%Q5].&I&A!3"KJV6#M276=S6;W6
M$T0)$M NC=DU@%98HCJ+A2Z_=;)7M*=:\]/RL&0J 36!P^5BK[(-1SL%+1)L
M9*\G6?D8T"4CS:HQ8I209W;I6ON$"W2'BI2O-MQQD#ITDPQZ.3Y/*U9-D(M>
M,-FE#6*)HV4/6Y.GIZE;$M7=*HE4^!3:@#U]AZ;4RU=GI!:QOV\>6+#JY36B
MH(;@]BR%%7<DU.VUO:&MRF4QM.:/C75I,+R$NK1"SK01&973TJW0/D'NA- M
M44$N+@#+%90:I$.;[5PM,@>-[# 4R$7OPKVN^AZM&1$:O:77$J6*I25*UOMR
M.XZU[-7Y*]E2<R'6EIUK+SX^"QL+.\HV=A8C[D?0^XY[8YC$\CB)C)#@J^&R
M\IFNN)7*:QMV"Z:)^%%&MI;M:C7G[HO2BFE"I^ZGG(3/.>>=,V<D9U/C&,Y6
MNZ'>[#YC^^ZE\@ZOG97DF^(.C_Q;3^,7\Y%\I_QXW?\ V=_"J.869L;,!QC&
M,8QC&,8QC&,8S/SN9?NO:+^ ;W\D97-6^6+XD6_S[7?O$9LOR2_'*K^97_V$
MYT^9R#G5N:2^[&?8G ?WQR+_ &=-SH#R#???$OYOJ_VE[-%>6_[VX=_S]E^S
MI9H[SI#.?,G[AGF\;BT<F+FJ8+=H1=NK%[# =DVHET>R5:/L4..@IPN%L,?*
M0$O"VJ9BYR'-B5O/-.CD14E#FL;)<QC?\.EN3!]?8'KK,4;NM8R$D\3J76U'
ME(0%BJU-E%BE7=6>M\")08/2]9=$9'HM^.H TOHA?KS=J;%:Y:*9"U3790/7
M)U[2G5G(N/380Q,R0R)):A@]<W/(=5-L\B3T76(6,JATY'\61:9D-($B7#A<
M9U;D&K?\PZDH=YR#-G!+\1O4O#$1\Q"C K !/<'DS.RS5P71FS6=<L.NKK-W
M3YKG+5 ]FWN:NY_M/9>,65UCU@<T6!:BP;(:Q4$E>73.+KD5[*:B%4V6%ZA7
M?"%M-(:JILJG^S=U)3798#8E_+();T"N5K9(M/+W"ZU[ U!*K4G18>8B7'PP
M%Z?F#1Y!%*=XGL7%=BIHT@.*ET8.3;M4]:X<U"-N5VQ2TDZ@>2'.?;W&L\GE
M6;,6T[)Z'0+&QTUUFJ=A&[J;FK?)1'TD:9I5J3US/*U40H9))K$HD%\>68K>
M$;KT/1,@HH)[!9X M/9U%JB#!#F -BW8N(9$3-6RYLP+1843#G'_ "M2^/;'
M<YR+X[EE)G:^_7:J^U>T,62BCR0?DZP2$?//5 T,R9FXYPR/7))@(YZ+$DC]
M0V@"5C%"Y!M-)L-K4U]9^U3SK6AMW1G6R539&EG=JJ;6&\MBZ]9L+;"9M-%S
M$J\1+0@P.#UNXH:VU>L*UCIBQ6*K3*-C VM>#0[5EJK,TC6RP]4FN7165*@:
MWL0LI @D@+JL88G^-+ 7QYH@BBV6LW>8:'MK@C=GN%-I-6HM>,9VY7C/($*W
M'54<V4AD)E"#Y&0/4Q+QX>@1 XAG!1%6V]8-KT!LJ=S6HDJ,'-.AL-C=V5I9
M<K0>)L2ZZ2TV)[(*4I4$AA]UC)1?& C9U5D]9U'K[538/@;DA%N]0H5-?58/
M.L?AD0JH+&HB&DQK62+EK[:PQ)D' 7CS78P4@&-=+)<CPBS$2!082WEJ%%)/
M;$CVSB!V-MM/&( "02XA3R1!DKTRC.%0P5+%Q@QT $-8M<J!C(&(,P5+&RL2
M+F0KEK)")@9,^75.&ME9,82@):I,I6LSAI@N2F0 V0"X80CR@CA:X*8DH >?
M*/I%?OI&_?X?]X;RG;^]+7YN[]F65*OWS7_ST_M!SMC'^QV/]RU_43GY[YWC
MF(G7W[D'FS\!0GROKN9MY./COPY^?3^[NS#O*!\3>(/S*/VZ<Y2,[:SCC,EN
M&N"0.2*XF=//FW#9J\M<=52!KSE2#(+GE02Y]TF1E+I8J[$-=^PH86"@62?*
M5F,W(-"E!>3%[)Q'?\2LU%OPRU5X77UQ;6[9M1>8 58LQ6$%)UU6W8GD4&=F
MR2^S37VB,&=Z(#*M'P\O:58L,:^66-A&LIUJTTEF=CPTV2-KK]JJ@>8](5ZX
MGW;;.X(&OM3UWZ[TQ4P"K7*P3G(KT&BOUZDR<<7(IK@@+\M;N 8WF,6(>$D)
MP"7E7I&</9I$4-6!9>50X8+,$QS@K)B&XR.,=@R[0JUM2-F;5K8I:"IMFP44
M>)W: WB:JS4(%5=1;%YW#0F16Q -@R7,R$\*45U+UFQLYKQ6JZYRC;%4%DZ]
MPXO> B0986]Q,L,'7I"H#W<V \U2 G$4'F;IXK?&T=R&5#V@Z7(X_F..H5]#
MQE2D$'OW9%Z64Z0S6YJ4*KKP&JD-X.%GV@9S235O%A,L+$<>N>'^*K>W;JA?
M26@-HC;6!D0O*E0ZZ=; 0)6ZZ0M"WQQ\[%:65YE<"#"*#@;?><,U=6K:&BVQ
MQ:UVL04$=)L-*_X^3DHJO:=8EQ3'DBR*['W<R:Q&0DOO7>GFH6"G5N\B6J9D
M:^/5;/8>1BH?=9+?@YFMTF7N?U$QT6N4;EAYD\>)=;;DI<-$6V&V;(-J*6%X
MB_YM\57ZM^WK3I5U6CNTZNJ"QXM8V:]O8(U_NBUT)E!UU&Z)E*&2\F2M4]$,
MAH^JW#5*S1J[ +CV5AIV[.S-/A#*N^K0=>\ M,NAPO8"2B&O"$P L9$G*^V5
M:Y,Z58&@<<W^WL761EIBHV$Y@&'<BP@GS*TQ;Z[51Y<Z+V<])L@^$L#;4A9P
M]EUV.M(NZ4XXN5);?1;ZCC2SL]MK*!:Y2*]ZJLF/AS&"%PJ-JZ:%N[8JEG35
MDE4V0NTVF7NA$0@9&;C:\(5M=K-E=&^USZ5E@K025K)E0;M6F#V)[A-%?.S
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M$O*)+ =$&94ME0[2470:KAFR:EKUVC>S7H%*0"I1:=*M8$S%2Q%9%72\6,.
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MLW2ZB&+42RP G8GO#+&C$QW"B:LYR+U+1<E-S;MXYPC):-B(F-LDLJQWL&0
M@EONFP8,X=XXT0+%NE&$&1@Y[J!72BWRADJ>)<<7;QJ>$'JKUQUW#KD->]U1
M,5=:U3+/2*[#*Z^@A-T  K<2HDQ ! Y@1B(KSL^*4M?8G8;Y3U)2JT[Q6P6U
M=>2)E==AG6) DC8;% R861F1A$R4S-%@:]R_&PT?*UMZPQ<,3"R?+4<[%65N
M.:\FTV4EZ:?;VAQY5AUF2AC]34,RYMEN;\7>*V$RX 7MUVYM6M"VPU%L:KK
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MK6&(=9762,':<D#8VPY25* B:QC!$ *9REQL!R) R\-(PT-<H><U(F*KLA%
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M'18N1&>TE+P\V6PZE+C;J4NLCAMN:2ZTI;3B=*3O6G&UK;7K]TA2D[UO>/\
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M+L"4TTR80T@\R%NG!=U<==6P(R3M!QW!D8PXY($2LFANPR:W)0A(D>RU;O\
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MO<,>A:P U3!1,3+QQY>*XFZ^A0<Q1WYE<!*DM3;LUM@A+%AZ"&CLZP7DS/\
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MQ8%!F,F!/.=!U?!OU*W)9KZFNLQXRPLFJU[A=28L@&.RU1P4,F8:#@842 E
M&-ET!QMV+D766$"M.S9;C0S:W7&QVUCAJ0PVX^MU]:&4[TVE;SCCJDIUMQ:U
M[VK=#B*)&Y7$BDR&DJ".8&).8:^)*8&(&)*?3,#$#$SRB(CT96T$P51\P,!$
MW&3 1)3 Q*DS Q)213 QZ(DBDIB/3,SZ<B>P?O\ 3?X7DO[Z]F6Z[\'T?S.K
M^P#,7O\ W]=_.[/[8\I&7F6F,8RN05GLM7=+(K-AG*Z^>(L YZ"ECXATP%Q2
M5N!%N1Y ZR!'%H0M8[RELJ4A*E(WM.MZMK-.I<$!N5:UH5'#5C90IXK9$3$,
M"&B< <1,Q!C$%$3,1/IRXKV[50C*K9L5B8$K85=S$D:YF)D#E9#)!,Q$R)<Q
MF8B9CT97=<G<E)2E*>0[RE*(A4 A.K9/Z2B"7I&EPB=:D.Q,0K3;>E1NNP-6
MD(UMG>DI[+?W'U'.9]RM;SE\69GP-7G-F.<Q8G^2]+XF9F&_SD<Y^Z],Y<1M
MMK'HC9["(A,UXB+EF/\ 9YY1*/YS^9F(B)5_N3RC[G+&R1R/QC&,8S=SW'+_
M %G/O_<XY_K7/.<_+U_.\+_Y>X_U:S.@/(A_-<2?YFI_T['-W^<]YOC-*_=C
M/WEX$_"G(7]TJ&;]\@_W]Q'^::_]M9S1OEN^\N'_ ,ZO_L:V:+\Z3SGG&,8Q
MC&,8QC&,8QC/4#]FA_?0_P#;(RD_^8=_E,_T%E1/\ZK_ # _U1G;&!]@A?>@
MW]BC/STSO3,5.N[W(_-_]%Q/E##9F?D\^.W#GZ1#]FS,1X]^)W$'Z/9_K#.3
MW.W<XUQC&,8RYXN[7.#CO(\+;;/#Q'E,:;\E1<]*Q\=Y9">$(#E_$1"V1O*8
MA$> ^,?X+QMAX(1UIU"QF5(LW:[7V6^(L4:;W]DZ_>=60UOAV"P&([A@1]DP
M:T35U=!"Q@D,P91-TF_>KJ["+EM">Z#^RFPY:N^L@('=L#$.Z!*60,Y=8DL)
M@HD!F/O)\@7R:"DXZ8NUNEH^:,'D)@"3LDR>%+'B-#L"G28I1KK!Y@S(8C(Y
M)3;KS+0H[;:TH8:TGRG5ZRNQ+J^NHH;762D-34KJ8A1D9&M)@L26LR89$ 2(
MD1G,Q,E//VW9;%ZVJ??NN4\Q:];;3V+<P!$08T#9(L,! !$SB2$0&(F(&.5H
MY?998QC&,9U"]S2]Q]QS^%;W\MY[.-/*Q\?=Y_=K/X31SKKR8?$?2?\ :/\
M%;V9YYKK,^SF+[IU[KFW_P!&:/\ )P/.O/(W\2:WZ0V'[4<Y4\K?QQ?^84/V
M99A5 WVWU>*,AZ[/'PHADW#61;D:]L.0&G($"=BXR1CY0?P<E&D-1UFFPGM@
M%#I,'-4V6E]+(_@MC6=90N/"Q:K*L,76?4B'##%'6LMK.<IJ3YJ:,MJ5V#W
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ME(D^0=KT.PZ_M&MBU'6MJTTE6TZWO6]:WOLUO>M]F;X\A;DIO<0RYRE052A
MRU@+@IAUGG$=4QSY<XY\O@YYI'RU):ZEH84IC9&U>DH6!',1*J_*9Z8GES_%
MSS1SY%F?>F3^ %?-9T=XZE\LJ_.%?3SG[P5SY)9_4-^ACR+,^],G\ *^:QXZ
ME\LJ_.%?3QX*Y\DL_J&_0QY%F?>F3^ %?-8\=2^65?G"OIX\%<^26?U#?H8\
MBS/O3)_ "OFL>.I?+*OSA7T\>"N?)+/ZAOT,>19GWID_@!7S6/'4OEE7YPKZ
M>/!7/DEG]0WZ&/(LS[TR?P KYK'CJ7RRK\X5]/'@KGR2S^H;]#'D69]Z9/X
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MGCP5SY)9_4-^ACR+,^],G\ *^:QXZE\LJ_.%?3QX*Y\DL_J&_0QY%F?>F3^
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M "$_HQC'@6ON3?Y"?T8QCP+7W)O\A/Z,8S%GJ/X]J,XNEVJY*FY"'B;C5@E
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M/HG+>VE6M[UM.];UV]NMZWK>NSV]]NM^WKLU[>_Y,N^<3'.)CE_3^++7E/\
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MYR"JK:[X'.,5DH L6X 2RQA91K0Q'A(@%6K2[P+XC0#I$[/HDK=NT^Q;K-V
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M ]D>X4P,DL>9C$+X>3/$Y\/-O,6$6CJA;"K#"-D#S7S1-A8@)3Z#+O%T#$E
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M,.[7<-A)@\8I@J7$LON;Y?'X3LE[&UKK5@TNN$D8V;%2-6S<U]H*#)%$BZH
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M XJF-CMI#<C27DO-O/;.6A]# ^766ZD-1PW%^CL;+9UMR0.GM*U%8K]W=M$
M2G:?8$1P4%,LAP#(R(]N)&2/%:Z]J>UX@FC<U]947ZD&%O66;K"9[C:SF0L3
MMJ B'3TQ 2HR@H(NY,% C?7D;GCSC\1_$K<O_P#?<C?$<->J=Y__ -#0_P#[
M8R0['$7K32^P+W_]R9I?[I+"\JQ,0)(VJ7CR*@;R6-Y&9CZW,U,<JX#UF5W9
M;% 1$U=[V<#!FCKB0UNMR42#+3D?)2X%?8T018+-OKR3V-*^]"J2&A?7HK/B
M";;1=(*!7Z,4ZMI]?7:U;;*RAYQ$I>Q%9J4-M%(#5IZ0\J%?<)I2VX]1T6;J
MOV!54?2$[P4KOBK-=%B_L6+KF'97U0Y*W6%M>JJ,&5JWK3F>;.7;$TEB>Y(N
M4NTD-0.T2$\>5IP9<O7Y]W3VW7E;(=?FJI690DE_;A))L!$/D/.+CQMM[AK\
M.Z*J4E6U-!$]SN<U5EAR.$6JT=,",0(C7NW$@ \@!=IX@,0T^>IG[[=6HZ;.
MTO/CM]KDVPP^82ZM9GJZBGJ(GTZCB,N9DRL@B*94'+^!Q?*UEJ/(%T";L4O4
M2+!![Y&EFBMOCF6*5D2GH)^=8\/LHXHF5/(V,4H=Y"#SDH6ZA\MI+GUCM)4O
M:O7LFHB\%6S[DI(.DUU4* ;(UBZ>A8 A8=8=8S*U3,#(K*1 G<6Z6ROKBR^E
M-FO[IN@^H3LN:<URL#U=;#-S"Z3Z2B&,B)F"8,3?=GF.I>H<G(<M,S?(GE"M
M(AZTF5+DW%RL.BQB"RD/&+G67WA1O*(<L*6RE9VE>#*[5J0K2])C*=?A&_IY
MBE7UK]-;E]SL+3$(?-1AI>X:Q")EVF(,"Z5\N8>B)B8YR-NQQ53VT%;?L4[>
MK"*G>-LRY$6@!J%38$B >Z#A,>;/@/G,Q,3RI$K;NH.M2CM.-L?((!]*M9DU
MN+!D9);<9:(^0F5NS+#L:XX,2XP<]/O!23+I G>%2KP#VV"RE.UT4>%[:8OK
MJ:MBMA277[S$IB74FJKP-<X=$&$$L:HL20B?,$BT>I80-!UWB2HZ:)VMDME"
MXQ_96ULPJXMCY)XRJ9$Y%A6"!L20<C<2RZ3.2I6[US7R,^/QV];+I9%\@6*'
M2/63IDQ8UAGI4F+CX1O3!I#0BFB"0X5D-I:FHYI<?&.)2WJ/%6Q7]S>'M2);
M4:.OJ1JZEB2N+KK@ZM9(.;8+J6$GU"#+!,*()TPUT3,]TX*C[H[[:$&L*[?M
MSLK2(&HRPR0LV'&E2(Z6' <B,$"$3,*B5IGE':"1J8CO/MO]3'Q,^ZSFXVV2
M%7XL0S*O/KC+=4 ZJ=(L036BN_CSX..-J+Q$JXAA#$>Q&ZV=XK$]Z'19'#%#
MW8EBM?6[U%5W=22!#O4;S+JU%9*0_E5V6KO""(DI)I.Y+[C_ .4JA/$=WW)[
M;+]B57&5-1 N(I5=I!38T:\=?-3*ZF4B)TP, H51W.A/(/[8^4N>ZI:Y5J<Y
M*MK=F\GQD><4+=4SC*XM"7)>*'"E(B3DHET%O4L44-N++4PVJ4DDZ4E9QZ'5
M32\,WJ*)K:BB5/NN:H&:^:Q0Z9A#R8EZ5/AD]@ /O!!3V53//MKD5K;\14[C
MAL;6[%KMJ4PPO^(&51S>D5N0YJ27'>,PE)R,=YL1,=QD%8ZN3N0G(0NMN7*P
MNP!P4;&DQ#TD0Z L&(C1X:-&0,XM3;#8L0(-%(\!IM2HX=D)Q2QFT-:D8T^J
M&P%L=?5&TMCF@\4@+88]QV&G)Q$24F]AOGJY\FF3(Y',SEA.VV<USJ3>LE68
MM2C032)<K0H4*&!F9@8!( F.GES4 KGF Q$=AW'G\ *-_0^L_P""A9P7>^_;
MGYU8_;'G;]+[SJ?FR/V09>&6N7.<QO=//=<6W^B]'^3PN==>1KXE)_26P_UK
MSE7RN?'%WZ/H_P"@\MJ?<X+/C.+/'FZ>Y PW")4E-Q]>D*A S<WRE$\:@ECQ
M$Z9 T\2\,/2ER&(!/78[%/M2))*E0GD;M4I<A6CB13]SVIOC9L<0@FNVTJ_9
MKU],_;, [%8+-]FM,44#!BHJU:Q* (BQXCT<K"S/#[4ZCN12FNC0&UZZS*5>
MP_;IU2S%-@ZU$-@,NO":V3;LV1:93-?L>F2O46I=')^O)JI.*;$@9_D]$>6B
MV[8F[4S]5-.>J$=)D2DE6HM$:Q1Y*UKB9U<G$C.S5<%:)</+->@Y6/9>X]5_
M*PETLLU=/+0\#!5Z1>"O#>:D$JN.EI;)-*'UH2XXKVS((6"QLHOAI<#LB5=Y
M4!7L[;M,BY(V+@^+HE24TG,JI%0Z]MR4V)8D)L50@Y8;)KNI_'?&?2Y88IHR
M3<=3$UX&IGWBT2_(!$2H >T\DVFO20WBD?"F!^7*]0X6/L,1%B:>U.SL@VSX
M0@=T:)(K;7;\957DM,1+K3;JM=21JP?W3I:FE:4<,;86SPUK9V&U7N9T^&K*
MDN0$)O"GK-5PC:2)MF83672;L+C]D:>T-S:6ZK0Z%US";%;7H5:0H.?B+#('
MF8R*2M*MQ_39OLK[[S2HXBM\*ES)I$]#(DIZP246F5O8\>?/#1S=61 2CNX^
M1C0+-!M&Z0\";81&7!B(V^N,XM^^1@H:-OB *ZPJV)35JI=*-:;55C=-V;28
MAJFMIV27S%BZK"$P;955<+3RK%(]LJNB-["L([MBRU7>V J99%45(KNGMM4N
MU7AD02V60&1)50,H?2B U54#6==H((OLJ%8#(BQQL$ B(%LM\$:%;%M5DCY-
MN$(KH-(E(F0(9C&2%EFBG7YLJ42BMT5[+C9A79.I%(!UB650?4;9;WSJ:TY,
MF4JC439"TS8I>H"<0P"C5K"!,S;K'K>#EC3@;DVS+8.798BRJNOLA:V(0$+N
M65.%!55T&I80J$I8P&;$2;$5;'$X]H]5Y+YAI$K9N.38Z2XWFR>-; ;(*376
MC9X^N3E.>8D)MITJ&F=UA]Q?88XL\+3[PCYCKRW%.2+-IL;NHT.Q33VRVIVU
M<-O56KG;)=9=NM?$E5B@+%>+@Q$]N(4R1%@K$8&(C@UE"IM=W0=;UAJ;JWGJ
MK+&S%:&6&U;%$A98&30^:A3/)DRQ?40$PBF9F0XD+BD*'U*U^;X,9O!O#/&T
M76T7$:O3, %<8@^-3R@_/0DU#RM>:L\E&J7Y*E[#'OI.:;F%1A")E4>YN*>S
M=,L=BU7XD+7+W^V=;F@5NO9;0>MON,-6Q7L(M%32Z([Z*K1[<RB'!->&QDDE
M>G6CO5G\/Q?9H]6FI%T*SZR[J6*C;%9KV$.K#;:J9[+K2BAD0_M%#Y7.6YT$
M]F^LWB#>E#+UN?MG8L)"FPU:^HRU=BA$+0TM RM>VPA;;:DM;1I2$;UM.J_E
M1_\ X>[ST''\EJ_0R8ED?^UM=Z&3$S$G'_O3$S$ESY3/PY3\FGQ\TWI"?Y39
M^D(F G_V5L/2$3$3 ?U8F(F(Y<XCX,ZI\XTSKG&,8QC&,8QC&,8QC&,8QC,;
MV8_D0KF+E=REVFEP OD[CI)K%HH<Y;B'R-1,QM#HI43R/26Q&4M;TA;#HAJU
MN:\)HA"?^2S+";J@T6D'84MA9/N[65E3V=:B(A+T<Q,'ZG8R9<_3!"Q<1'HZ
M)GTYBPJV9[S<S0N4*P=K5]P;>NL72(NR_E(&G::^ &(CE(D#)F?3!1'HSGY[
MHHS/#]5-U9L\E$2\XB$I?CLA PAM=BB.^JT8H;Q6'D+!:"P_!"*88?\ "SIW
MC!+;Q3?BS3R Q^FO).58^#JI4TO17F[?[:K-A=MP\GS!];U5:8,ZCZB'IK+Z
M1D0GKD9,N=/*B-@>+; VVI=8BG1[C:]=E5)<T\QZ$,LVS7R#I$NJPSJ*"..B
M"@!P=S96:[S/^&END^9A(V#GA HJ6>I_ X\U.K*99AY">B*5+ZL@(@D-1AK%
M5_#6O42!R/86K+,$S Q)$D(@=X9#B=7V$<;U[#K-9C'H&_Q,5>M"R*PJL_8H
M\(TSL;$ZEWIH]]FIJE30"# 4L(H.8G8Z7<'6$)KV%K2Z:?#HV+,F(H983KW^
M+6 (UX6:G5<["]I9&V\WB1M 1((F+9*C^D\.4@1-M 'M2%H?3;"(^S75,57X
MX#B2E2AD?67R4:,D(,[E<NX0<-,RB#Y+R9'M^$</'V+*/7JV\;,199U-42J0
MS2!U/7=ZTUN[V*5MN"$]M5E6E70LV*Z94GO-GD*BZTQ9FK@X&U@Y+9#+9>,)
M5J_"*REZ77N8NH1QW&5V;D[U=#W=QO:5'.6CT.*Y*@-TBB3L%/R#=8:!U<>+
MC9&!GC[M/ >2+-Q]1'[Q #,L2(Q(,91;U)75TF3G@[5Y:"BQHQ)X#D<G5JM+
MQ\<LK6:JIN2R:&Y6JS67KZK>_3VFR'76C,DF#';+6IUX@FL=+P['&Z5-AL^"
MNZ(<%A8KV6Q3A?C=0QE>RR_97";>MUQ;"L(@T#6K7;!M^3;9"WXA:03W%RO_
M &R@4N*Z5R6*X#:&ZP/->25R=K.*MG(C%=0\3S)98::BXEV,;(,4?7>)8^"L
M--0O3_EPN54Y+ZEC64PY-SL'\: =ME.;A5^_"*2PHZHK4B.@IV*[WPZ17"K6
M\;9J;"8Z?# F.Q*%3+QH44<($-5=N*8V.S+;IG<V8UH(MY;0]*)3U'+*NF77
MM48GJ\0;IEW?,>P7YV#TA[KJ@&65;EU5E+;5B*L5L;D=31?#UKG_ !]Z*:UN
M'0='\GPU5K6@4LN1JD6*50\T2SN/+A_O<XZ\7#2+^0BY,E5"I2E7APWU*KVA
M>7\O*VZ:Q=N=V9AL353(R!0T'_.WP7-65C'\O-6(&P=FX+8>>DN6>X28_D(8
MK;(IU>B!E7*TZ"@Q[1HPCS8F8#F:O<[_ '8?#WWS;OD':,UQY6OB%N_\>K_B
MU'-@>2[X\:;_  [+^%7LZH\XVSKC/*=]A&?>I']BO&?"^"?[I_\ +.)L[[-,
M^^B/[9>?H6C^83_E+_T#G!COYUO^8?\ JG/?7' 6;# NR>F=QK4S%N2&B&]/
M#[!0<PHO3[6TKTZSL?3GA6]H7I:.^3M*NWLWXMPPJEH4]7>*N^%=$])]R5E
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MOT%2VO50^S82[9T=W>"5*6U<1K8>-=)01J)7<.E<)SNIW,2KK! SUMR++]3
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M_4\TWY:OP!JOTP/[E;S0!G46<UXQC&,8QC&,8QC&,8QC.TCCS^ %&_H?6?\
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M &[_ .5_^XX\[/\ H'_BO_38\U_^G?\ AO\ U&/4L_[=_P#*_P#W''G9_P!
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C&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8QC&,8S_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g845232g40e18.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g845232g40e18.jpg
M_]C_X1_(17AI9@  34T *@    @ !P$2  ,    !  $   $:  4    !
M8@$;  4    !    :@$H  ,    !  (   $Q  (    >    <@$R  (    4
M    D(=I  0    !    I    -  #J8    G$  .I@   "<0061O8F4@4&AO
M=&]S:&]P($-3-B H5VEN9&]W<RD ,C R,3HP-CHQ-" Q-CHS.3HP.    Z !
M  ,    !__\  * "  0    !    [J #  0    !    ?P         & 0,
M P    $ !@   1H !0    $   $> 1L !0    $   $F 2@  P    $  @
M @$ !     $   $N @( !     $  !Z2         $@    !    2     '_
MV/_B#%A)0T-?4%)/1DE,10 ! 0  #$A,:6YO A   &UN=')21T(@6%E:( ?.
M  ( "0 & #$  &%C<W!-4T94     $E%0R!S4D="                  #V
MU@ !     -,M2% @(
M                    $6-P<G0   %0    ,V1E<V,   &$    ;'=T<'0
M  'P    %&)K<'0   ($    %')865H   (8    %&=865H   (L    %&)8
M65H   )     %&1M;F0   )4    <&1M9&0   +$    B'9U960   -,
MAG9I97<   /4    )&QU;6D   /X    %&UE87,   0,    )'1E8V@   0P
M    #')44D,   0\   (#&=44D,   0\   (#&)44D,   0\   (#'1E>'0
M    0V]P>7)I9VAT("AC*2 Q.3DX($AE=VQE='0M4&%C:V%R9"!#;VUP86YY
M  !D97-C         !)S4D="($E%0S8Q.38V+3(N,0              $G-2
M1T(@245#-C$Y-C8M,BXQ
M                          !865H@        \U$  0    $6S%A96B
M                    6%E:(        &^B   X]0   Y!865H@
M8ID  +>%   8VEA96B         DH   #X0  +;/9&5S8P         6245#
M(&AT=' Z+R]W=W<N:65C+F-H               6245#(&AT=' Z+R]W=W<N
M:65C+F-H
M         &1E<V,         +DE%0R V,3DV-BTR+C$@1&5F875L="!21T(@
M8V]L;W5R('-P86-E("T@<U)'0@              +DE%0R V,3DV-BTR+C$@
M1&5F875L="!21T(@8V]L;W5R('-P86-E("T@<U)'0@
M          !D97-C         "Q2969E<F5N8V4@5FEE=VEN9R!#;VYD:71I
M;VX@:6X@245#-C$Y-C8M,BXQ               L4F5F97)E;F-E(%9I97=I
M;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0
M            =FEE=P      $Z3^ !1?+@ 0SQ0  ^W,  03"P #7)X    !
M6%E:(       3 E6 %    !7'^=M96%S          $
M       "CP    )S:6<@     $-25"!C=7)V        !      %  H #P 4
M !D '@ C "@ +0 R #< .P!  $4 2@!/ %0 60!> &, : !M '( =P!\ ($
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M# P,# P1$0P,# P,#!$,# P,# P,# P,# P,# P,# P,# P,# P,# P,_\
M$0@ 50"@ P$B  (1 0,1 ?_=  0 "O_$ 3\   $% 0$! 0$!          ,
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M@9?3ZNOF^G'=TK%Q&YE-ES:V9&,;O6QK7X9;_.MO9Z3[?]"NCZ!TC+Z6[/\
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M ', 90!R &D 90!S                                     00*#-P
MU X#WX$# 0 ! .H*;PAD  $ % ']_P(  0    $  0!, &4 = !T &4 <@
M
M                                      $    "     0    $
M                    U X  $)*1$T*#        ) *  #9    V0
M         0   %94   D;0  + $  ( "  !@3P  !&H  "P!  "  @  8$\
M  1J  !65   )&T  "P!  "  @  =@(  /0!  !@3P  !&H  "P!  "  @
M=@(  /0!   L 0  @ (  '8"  #T 0  8$\   1J  !8 E@"&
M
M
M
M
M
M
M
M                                $"<
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                 @    ,    #          (  0
M             @ #
M
M
M
M
M
M
M
M
M
M
M
M  $  0    ,    #     @                         $     0    ,
M   4 0   P         !                               #     @
M  $          0              9     $   !65   )&T   $    !
M5E0  "1M   !     @         !     0    $
M                    DP              0 X   $    !     0
M                   !     0   /__                   *
M                  $                          0
M                      $         __\                   (
M               !          $                              %94
M   D;0        $   !_    ?P   '\   !_          $
M .<#  #_                                               !
M
M                          $               H
M        YP,                                             !0
M  $          @         "     0
MZ ,        !          $               (                    !
M          0               $    !
M              $    !     0                         !
M                  0   !D
M      $         !                         !# &$ ;@!O &X ( !4
M %, -0 Q #  ,  @ ', 90!R &D 90!S
M         00*#-P U X#WX$# 0 ! .H*;PAD  $ % ']_P(  0    $  0!,
M &4 = !T &4 <@
M                                                      $    "
M     0    $                         9S,2KP$  0
M                             #A"24T$.@     !"P   !     !
M   +<')I;G1/=71P=70    %     %!S=%-B;V]L 0    !);G1E96YU;0
M  !);G1E     $-L<FT    /<')I;G13:7AT965N0FET8F]O;      +<')I
M;G1E<DYA;65415A4    % !# &$ ;@!O &X ( !4 %, -0 Q #  ,  @ ',
M90!R &D 90!S       /<')I;G10<F]O9E-E='5P3V)J8P    P 4 !R &\
M;P!F "  4P!E '0 =0!P       *<')O;V93971U<     $     0FQT;F5N
M=6T    ,8G5I;'1I;E!R;V]F    "7!R;V]F0TU92P X0DE-!#L      BT
M   0     0      $G!R:6YT3W5T<'5T3W!T:6]N<P   !<     0W!T;F)O
M;VP      $-L8G)B;V]L      !29W--8F]O;       0W)N0V)O;VP
M $-N=$-B;V]L      !,8FQS8F]O;       3F=T=F)O;VP      $5M;$1B
M;V]L      !);G1R8F]O;       0F-K9T]B:F,    !        4D="0P
M  ,     4F0@(&1O=6) ;^            !'<FX@9&]U8D!OX
M $)L("!D;W5B0&_@            0G)D5%5N=$8C4FQT
M0FQD(%5N=$8C4FQT                4G-L=%5N=$8C4'AL0%@
M   *=F5C=&]R1&%T86)O;VP!     %!G4'-E;G5M     %!G4',     4&=0
M0P    !,969T56YT1B-2;'1 :.            !4;W @56YT1B-2;'1 =1@
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M3009       $    'CA"24T#\P      "0           0 X0DE-)Q
M  H  0         !.$))30/U      !( "]F9@ ! &QF9@ &       ! "]F
M9@ ! *&9F@ &       ! #(    ! %H    &       ! #4    ! "T    &
M       !.$))30/X      !P  #_____________________________ ^@
M    _____________________________P/H     /__________________
M__________\#Z     #_____________________________ ^@  #A"24T$
M"       $     $   )    "0      X0DE-!!X       0     .$))300:
M      -;    !@              ?P   .X    3 $< 20!0 "  3 !O &<
M;P @ $L :0!T "  ,@ P #( ,0 @ #$    !
M  $              .X   !_                      $
M            $     $       !N=6QL     @    9B;W5N9'-/8FIC
M 0       %)C=#$    $     %1O<"!L;VYG          !,969T;&]N9P
M        0G1O;6QO;F<   !_     %)G:'1L;VYG    [@    9S;&EC97-6
M;$QS     4]B:F,    !       %<VQI8V4    2    !W-L:6-E241L;VYG
M          =G<F]U<$E$;&]N9P         &;W)I9VEN96YU;0    Q%4VQI
M8V5/<FEG:6X    -875T;T=E;F5R871E9     !4>7!E96YU;0    I%4VQI
M8V54>7!E     $EM9R     &8F]U;F1S3V)J8P    $       !28W0Q
M!     !4;W @;&]N9P          3&5F=&QO;F<          $)T;VUL;VYG
M    ?P    !29VAT;&]N9P   .X    #=7)L5$585     $       !N=6QL
M5$585     $       !-<V=E5$585     $       9A;'1486=415A4
M 0      #F-E;&Q497AT27-(5$U,8F]O; $    (8V5L;%1E>'1415A4
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M971L;VYG       X0DE-!"@       P    "/_         X0DE-!!$
M  $! #A"24T$%       !     ,X0DE-! P     'JX    !    H    %4
M  '@  "?8   'I( &  !_]C_X@Q824-#7U!23T9)3$4  0$   Q(3&EN;P(0
M  !M;G1R4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&5     !)14,@<U)'
M0@                  ]M8  0    #3+4A0("
M                                         !%C<')T   !4    #-D
M97-C   !A    &QW='!T   !\    !1B:W!T   "!    !1R6%E:   "&
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M+C$              !)S4D="($E%0S8Q.38V+3(N,0
M                                                6%E:(
M /-1  $    !%LQ865H@                     %A96B        !OH@
M./4   .06%E:(        &*9  "WA0  &-I865H@        )*    ^$  "V
MSV1E<V,         %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M%DE%0R!H='1P.B\O=W=W+FEE8RYC:
M                              !D97-C         "Y)14,@-C$Y-C8M
M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-2
M1T(                             9&5S8P         L4F5F97)E;F-E
M(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0
M+%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR+C$
M                                 '9I97<      !.D_@ 47RX $,\4
M  /MS  $$PL  UR>     5A96B       $P)5@!0    5Q_G;65A<P
M   !                         H\    "<VEG(     !#4E0@8W5R=@
M      0     !0 *  \ %  9 !X (P H "T ,@ W #L 0 !% $H 3P!4 %D
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M!0$! 0$! 0         #  $"! 4&!P@)"@L!  $% 0$! 0$!          $
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MRE9C>EELPC&HRK6@I4>B_P#)M?\ 6L_\^/5Y4>B_\FU_UK/_ #X]1_I#R/\
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MT#*N);CFO,I%@:YP]2QM'HU>P.]]VQWI?Z1=,DAQ>'?\4\/[/P>&S:[\[/\
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M2GZJ27RJDDI__]DX0DE-!"$      %4    ! 0    \ 00!D &\ 8@!E "
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M7:AIQ!!H0P]/V$]5M_\ #J7\Q_\ [S8^1O\ Z,[<7_U7[$/]6>7_ /HS6_\
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MC 1M5#458J"1BO'I);%_FI=1=G?!W<WS@ZWZO[;W]MWK[&[LE[2ZOVQ2;/\
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M#:75W9F0&(L&5PTDC%CC0P15_.2G2G_E2?(/X^=]=5=^;TZ%^-5#\5=IX'Y
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MR?30G@"*O3_2XI^9K\NHVWOW*VK;W>WVZ,W4X-"0:1@_)LZOR%/GUK_]K_\
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MS LG_"?WY?PTS-4#^YWSRC@M(]3+(#L?<?C];-)+,\@<&Y)9BUS<GV;\Q?\
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MAE)##@1UIE5@58 J1D'SZKOH_P"5_P#'/9FZ,YNWH;.=Q_&'(;FK),CN#%]
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ML9^?KI[GFC<0Q[8M*#[ H/\ A)ZIR]BSH&=>]^Z]U[W[KW6USV)_W"O=*_\
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M/<H9-PC0L8EU$D#B U-)/V$CY](K_FQ=LFMFOMJGCVV5PHF;2 ">!*5U ?:
M>..I7>O\TV#X[R[)W[V;\6^Z]M_%W>FZ]O[4A^1^6J=G4&'Q9W3-XL%N7+[!
MDS;[YQ&UZ^/]U)JREII_%8F)6*J=67+7UXF@M]RA;<D4MX0U$G3Q :FDG["?
MMZM?\UC;C!<76U3KM3N%\8Z0!JX,4KJ"GY@'Y='J[R^06U>D*;8M!5XW*[RW
M]VOND;*ZHZVVL:.3<V_-QIBZW.UZ4+5M134&.P>!P6/FK<GDZJ2.CH:9 9'U
MR1)(2V5A+>F=@P2")=3NWPJ*T%:9))- !DG\^CZ_W"*Q$"E2]Q,^F-%^)VH2
M:>0  )9C@#\NBL;;_F&T.$^4NROB)\C^G]P_'OL_MK#UN:Z8RV3W1MW>.PNR
MOX<M4];@<;N?"/ N.W1 *4H*2IA3S3/'%$SO+$KF4FPE]MFW7;[M9[:(@2 *
M59*^9!XK\Q]OKT4Q\Q*FZP;/N5FUO=3*3&2P9'IQ 8<&^1XG XCJR'V'^A+U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=?__7KX_G*02T_P#,\^8T<VK6>T8Y?7^K
MQU&U-MSQ?TX\4JV_P]Y(<I&O+FTT_P!]?\_'K%SG0$<T;R#_ +]_Y]'597L1
M=!?KWOW7NO>_=>ZVN>Q/^X5[I7_Q,-7_ /!/=I^XQ@_Z>9>?\TO^L*=2S<?]
M.IL?^:Q_ZOR=:HWN3NHFZVLMJ_\ <+5O3_Q-%1_\$#@/<92_]/*A_P":/_6(
M]2S%_P!.JG_YK?\ 68=:ION3>HFZ.]_+_P#@WV;\^_D1M+I784%3C\#)74>3
M[,WX:1ZC&]?[#AJH_P"-9VHX6*HRCTH>+'4C.GW=:R1ED37(A-ON\VVQV$MY
M.07H0B^;-Y#[/4^0Z/>7MBNN8-QAL;<$1UJ[TPB^9^WT'F>OJ-=7=;;1Z<ZY
MV1U5L'%QX;9G7VV,/M+;6-CL?ML3A:**BIO*X"^:IF6+R32$:I)69CR3[QMN
M;B6[N)KJ=JS2,6)^9SUE-:VT-E;06ENNF"-0JCY 4Z+-W5_V5;\7?]?>?_NE
MR'L$;Q_RL_+?_-S_ (Z>C>W_ -P[O\O\/1U?8PZ0=5M_S@2!_+,^91) '^A[
M(\DV'.6Q '^\^Q#RI_RL6T_\U1_@/0:YQ_Y5C>O^:)_PCH!?Y1A!_DL=$V((
M_P!"O=0-C<7&_.TP1_L"+'VMYI_Y6^]_YK1_\=3HOY0_Y4FP_P":$O\ Q^3I
M ?\ "?H _P KO$ @$'L_Y  @\@@[PR8((^A!'M1SU_RLC?\ -*+_ (Z.D_M[
M_P JLOIXLO\ QX]4Q['?>0_X3%;]79L5;4)#W?N%=R04?F*KLE>XZ.7/I.("
M"F/\14R_10#?V+IO!_UQX/%I7P13_3>&:?GT"H#/_K7W'@U/ZYK_ *7Q!7\O
M7K;SZJ[/Z*^2GQOVKV1MV;9NZNC.PNN\?DYZ#,08C(;7I]LU>&AER.W-T8O(
M)+C*482 M2U]'5(!3O$Z2*-)'N*KJVO=OW"6WD#K>I(145!K7!4C.>((X]3#
M:75AN6V0W,91["2,&AH5TTR&!QC@0>'GU1/_ #)NPMO[+^>O\E;N7')28[XP
MT^_<MMW$UL&+?#;/PE?NV7;VV-J9*.@^WI:7&4%%A\DE51N(XXX:2'6MD ]C
M7EZW>;8^<+1B3N6@$YJQ"U+"OF210_,] /F:YC@Y@Y)O5H-K\0@&E%&JBJ:>
M0 -1\AT?#^>?C]LY'^5[\GEW(*9GI<'MBLVX*A(W=MT0[SP Q*T@D(/WC:Y
MFGU_6WLDY+:1>9-M\.N2U?\ 2Z36ORZ/N>UB;E;=/$IA5T_Z;4*?GU5G_,FV
M[OK:7\I#^4'MGLR*OI]^8+Y)_"3&;EH\J)!EL?D*3H[M&+^&9437F7)XN!4I
MZ@/=Q-$P;F_L2\O202\U<U26]/ :WN"*<"/$3(^1XCH*\S1W$/*')T5T"+A;
MFV# \0?"?!^8X'Y]&R_X4=*K?R]]A,R@E/E#TFR$@$JQQ&]T)4_@E6(_UC[*
M_;__ )+TW_/-)_A7HW]R*?U=M_\ GJB_P-T__P#"@!4?^4QNS4JMIW#TJZ7
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M6BR.A+#Y_%0G\J>HZ#4/(MC:W$KV.Z7L%J[5:)) %^P'22!^=?0\.C5_)/\
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<O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g845232page055.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g845232page055.jpg
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M P,# P,# P,# P,# P,# P,# __  !$( =L"D@,!$0 "$0$#$0'_Q $$  $
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M9/%&[U-KW2EU:*K55-V=,YE#$()<I6S!%JSO72'Z8(7MHPXF3&C@<,#U2T[
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MM"T$GLV0,+@*8U<2T88EN8"A*LMWJ0V&H:AE:]\$LQ8#2G:.ERM)KA0#,<<
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M!MIRUJ\V%RN[AY7ZWS,1NX(F%B7>S>9F_;-J)(6P,Y\CJHS_ '-[V.GBC,A
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M*/71 .H;V)"B(CVLZ#5K:6[T^6WA ,K@*5-.4':NXTR>.UU"&XF)$3) 3RX
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M-F<C4CR5,G:=>@":I@*%6YI-MUI8>:J;:.7@)]5L02"N4)V*37<E*(&4*=0
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M81,(F$3")A$PB81,(F$7&99(BB:1U4R*K=/J4S'*517JPZ1^K((@8_0+V1X
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MLTC1>J-B%5=F;D74*HH@R2.!UU0#JT""!E#% 0'.(<TR"($=H16G16E3S"I
MJ<*D#:5]RN##)0Y :5Z=M.DT!-!C0$\B]BV[*H-#KK2VW"WP-?K,@X8-(^<D
M)%!.-?N95,RT:BQ<E,=-XH_1()T@3Z76$ 3!Q#LYR?\ 5R"&3JS$D93@:M!)
M%-M0 :\U%\9]8PRQ]:,-!J-E"0 :[*$D <]0NO/-[:=CJ4RV+(;(J;&D23XT
M9'61Y+(-HV0DB*+)G8,3K"11X\(+90133*8X%3.80Z)3""0=DYC),'R"K0>4
M<I\ Y3L'*C/K&O<S%K#1Q'(<*#PFHH-I.Q>W9]T:EIE=@;;:=CTR#K-I!$U:
MG7U@CDXR>27; \(XB'95S)2#4K(>N.JD)DDT?9G,4G9SZ]ICF]6DZLY^:<#0
M4QZ!B,3AB,<0OC")(C-'UHARC$5-</#@<-N!PP*J*T=M7[5L^8N6[UD];HNV
M;QHLFX:NVKE,JS=RV<(F.DNW72.!B'*(E,40$!$!SZYKF.+'@AX-"#@01M!'
M(0OC7->T/806$5!&P@\H7L9Q7)<9UD4SI)J*ID46$Q44SG*4ZIBEZ1BI%,(&
M4$I0XB <> 8VX#:G)7D7)A%;OS81NP9?EXVA':O3GW%Q<P;8K1G4W@Q]KD(@
MDO&JVJ-J[TJS<[:QR54(]09&(HFIW2H3H&*?HF"E(6-F@?.'.LVW4+IFMJ7.
MA$C3( !B>K6H&);4#;158LY$C8BQMR8)1&74RB4QN$9-<!1^6A. -"< L?>Q
M]<6/<4!L+?B&I]NQ^RG5QU7K'DUC)Z)L\+?-5P]47AEGNPY2-<.NMH4-8+&I
M*NIAY*= [N'9HHN.F55)(][ )(;JWF+F#4;G4.UF>*%C+9KFM[-_(&NA9*\P
M@=:2<-#<],ELXPR0RP2-D=IMM8EC68A\D[@XYV;29&R.AC;+7 0N?4-S%V1_
MF)@H:R:CLT58&]K7B%%H)V[-381&T3#,8R?C)-M(K5=PU?HV:$CW;0BTBP,V
M= Z8$5)U*G'HYUEYA&)*T<QV8$BK00UU,X^B3A7YI(=5N7,+VUJ7EE*AS2TB
MM"0<"&GD=39S^+0URG'-H/=T?J#EMUPD]J>L(:9L5JB*[J.]VFLJZ>IDK.R%
M',_N%]M;6;(F\8$I\:S79O'S R0V!0I&S7H"H<Q.TN2Y\D$#'"*Y="XFIS!L
M#&0N<]HJ"3)(_*V(NJ]X$A(C=F%A" WUB9P=);ME&P4+I733-8PFF49&-SF3
M+2-A+*%[<IJL6(TA18375D;\V[NGNE:MM\6^QJB6DI5&]V"S7EG?;KW$^DJ_
M9ZNT6C[<ITVE=:."NUFHBD +=6H<;23_ &4/BM X!EG V-CQF+F0F1L;J !T
MI+GO#PS 9@ &C)2NS_:#VMQE+WW<CI'-.4-=(R,.:221& R-F5S]N4DDN+JW
MPZ5L5LMNI-<V>],!C;?.U"$D[ T,Q5BS%D73))598\6N(K19W8""QFQ_9-Q/
MU8]DN7=W&V*<L:,IHVK:YLKBT%S,W+D<2VO1M*H0.SQUS9VYG .IES-#B&NI
MR9F@.Y!C@ ,%^U++LPJBA4]8,5$RJ'*FH-^CR"H0#"!%!(,((D$Y0 >'$>''
MAE"C>=5:GF7X^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD
M^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYD^,VS_%:P_>!'
M? F*-Y_D2IYD^,VS_%:P_>!'? F*-Y_D2IYEX^,VS_%:P_>!'? F*-Y_D2IY
ME4AHHX5:ME7;<K1THW14<M"KE<E;.#IE,LW*X*1,JY45!$H' I0-PX\ XYQ7
MU6_\P5XHM3@'<=.[#IVI;I9JI:H^E; O%;0F(B.*DDQ5FF)%I$\?%/G+E(4C
M^]1GI%GH$Z9$5@1, 6=V!+#-;L^T,0+FTZTC*D%HP)=6I'5#BPN#LN(K=6Q[
M.6*=X)C;+@:X-?3!QY&[*U<6AU"W,%;Q'2FK9+ERT'"VG84MHM_J]CIBQ/2L
MEV+ZQT,TI79J JI[:K8(&4;5.%M+,'8)/I1FV30$2E,*1P H=M>N#M5$X<0X
M%T="1U7OMPYT#WXCM&,>!MS/(PJ7+K;5A%B^$@.#@7AP!Z[&70I.Q@H<CY&!
MP%"UC3C@VJZK2MH-T-FZ_P!B[2O*%@T_5)+?>NM9[OM2,;$0LV[>!K5_ 3\O
M--6<56"NG<:QL,&SF$4VS65!B?JN)W'\K1A<UK'2W+1%>3V1HT@C,V.Z?7*T
MU+731""8Q[7-87-&44%6=A?2.W)DMH;QI<00<I?;85(P<R*5TC,WS'2!KC4$
MKY6GK!4-:7:O7_9KJ.INIK92=[)Z>E+:V]Z(&+B)S><S;RP2 R**2,6\N%&<
MQ[Q@S,":KUBWZI(ANK$@4X@(;%UG=M/KOJ-F'M(JY[&"XS1@8ESHQ) U\8!=
M7+4=7"K.7378NK=P-J+VY(<" T/<RV EK@&M>^.Y+'F@Q<:_6"MY7*I%R</R
M_:W8RC%Y%F"-DW<7%2""K5[%UB1L$O(U&,<-%RD69*,*LZ9I=0<I3(@0"" "
M7@%>=LK&PQ7!K=,M;=DAK7ZQD$;9*GE(>' GG!5%CHY)9Y8!2V?<SN9A09'2
MO<T@<@<"'-'(T@+V^:&-V'+\O>W(S5(RHW][2Y1"O)P+LK"?<*& GO@TK[XZ
MB0,Y][$@X28J <AB.CIB!BB &"QN,M&&0/=;B:(R!E<QB$K#*&TH:F/,*#$[
M!B5>VIRRD@M;+V<@87>*)#&X1D[102934X#:<*K''LO74UNJG[4W4&H-T-+5
M"Q^M=/\ )57K)$6F%V509J$3:.7NTEXUP\,\IZ4C=Y#A)3,F<AG$-"AUQS(K
M 16^ FCN8[F)T;=3N]2:]SQ3)';,<WJ.V!L;V-N)714J>U8QP+LH%E&876YM
MKALATZUT]S2TXNDN'AW6;RO>PF"-D@P#FR/:0W,5EP[FL_\ 6#'^S7<W^SC_
M &G_ *P]K_L/_%__ $9>]KI7]G)^U9MO^@^AM\;I^5=7V6K_ -HS]CR\G[1]
M+9XOR="H'SI6ZTT/E=W';J=/N*K-PE83<FLK!1LE+04*>6C6]FE8$[LIT/C&
MRK:SL\<'1,87H) 0!/T0'H[AT0? VY<YEDZZA;*6USB)TK1)EIC4M)&&(%2,
M:+T%LV1QD[!K7W0@E,8=XID;$\QYJX4S@5KAR'"JLEJBWFI)!:M/X_>[">GG
MJ\*YCWT]S2[N6L,Q+++-E&*TQ'O]E-A5E7KT2"LW6;$ 53"0R0!Q)G:,9.R[
M:VV8T3"09&L <VM< VN8.%=E:UY:KKG.CDM2^Y<[LRPEQ?U74ICFI3*>>E*<
ME%E[RS5RN-1%%8O06235( \0*H0IR\?O]$P"''"+C%HU%,B0MFXI)G*JFD**
M8ID4*/2*H0G1Z)3E-V0$ X@..GE"<E.0KV,(F$3")A$PB81,(F$3")A$PB81
M,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A
M$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F
M$3")A%Q*HHKE BZ22Q2G*H4JJ9%"E4(/2(< . @!R#V0'M@..6O*G0OCMJQ7
MF<M.SS6&CD9FSI1J%ADR-4^[)E"&;K-8I"06$HF<HQ[=RH5(AO8D!0W /9#Q
M#!A8/$+RXCG<6M:3X<K&CP-"'K.#SB]K,H/,W,YU!T9G./A)7US-VYT>YSH(
MG;]$I>H,D0R/1)P$A>J$HDZ)!*' .'8X8VFIVIL%!L7E5%%<H$6226(!B' B
MJ95"@=,0,0X%. @!B&#B ]L!QRUY4Y*<BY<(K<N;NTV^D\LN[;90Y?W@M4!0
M)J1BYPIVJ;F'*BD7WPDXTST#-!F648*RC$IP$IGA4PX#QX#:WCXV1L,SGLMC
M-")',\81NE8V0MY<V0NI3&OBXT5W9,,DY:QK72]G(6!WBEXC<8\W)ESAN:N%
M*UPJK *H\\U#,,*Y+'W\E8)F20B7@2UMYI=W)6N6DG'<ZB;BPQ[G9,>*,RZ=
MB N&YVJ)2JB)!2*'L0[;LY(KSL[1K YL@# SK-K7JY:US X4K6O*NJC>9+0/
MNG.+C'UR[JG9UJ@4R\NS <BS _ZI_CA_LG^=/_LG^/[;M?Y7MOX<H_7<WS^8
M>-S?]FQ4_P#8?I#[#Z1^RY]NS^EMZ50KFGV?,::T#LG8]>91#V;K\2R)%?&
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MYN%+#4*N_:N"*MY2OZ_F8M]3(MS%'_E6W<S%(4#E#JN@( (7MO(8IFN[1S7
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MFT?DB/N_&7I"5Z"GA0#Q>;1^2(^[\9>D)7H*>% /%YM'Y(C[OQEZ0E>@IX4
M\7FT?DB/N_&7I"5Z"GA0#Q>;1^2(^[\9>D)7H*>% /%YM'Y(C[OQEZ0E>@IX
M4 \7FT?DB/N_&7I"5Z"GA0#Q>;1^2(^[\9>D)7H*>% /%YM'Y(C[OQEZ0E>@
MIX4 \7FT?DB/N_&7I"5Z"GA0#Q>;1^2(^[\9>D)7H*>% /%YM'Y(C[OQEZ0E
M>@IX4 \7FT?DB/N_&7I"5Z"GA0#Q>;1^2(^[\9>D)7H*>% /%YM'Y(C[OQEZ
M0E>@KX5AWA&UN.,_D:1L1H*JJ;*/(^K?<B;^5==(C".35%XH(*O%P H"!3<
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M J)@)P25XAQX< SP?!#B5KFMR7W"_B6([?B_NZ&MN@.K'J%J3EM]5M/I0W
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M81,(F$5#.9C8UDU'H/:VR:BQ:O[)3ZA(R\41\V</(]FNGU:1YF29M3$<NXR
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MZ/9C?O=IFL<$>*EG\3/#^SFO+"&:'^\VEV[:OU"PA<#Z_;1C ZC8,#G"@K/
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M%B2*%P?,VAVY:U@MX>[LG=B @;VZG&U]\X>-;VYZT=H#R/?@^?EI1AP5P&3
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M4RR-97;3,0*TZ*JWNYQ:VLMT1F$<;G4V5R@FE>FBB:%];*H@@ _]B"Z!Q_\
M^YU__P"6V2/_ /;A>_\ %HO_ ..[_P U1V/Q%6(-/X8_]?\ _17@_K9=$*4Q
MO^P_=!Z("/#PZ5\./ .UQ\&P\,?^W"]_XM%__'=_YJ#XB;%QH-,?4_\ C_\
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M/HVJ@7G.?1X<Z?V;-M=Z$GG<[@>^VE=_A\L+I]_?<K5>X3>05JJB>T+^*7\
M9L36O!WC'PK)/YGGTGW)1Y:(_P#04[G@^*'W?ZKW4^4U>_X7>_FF]X:MHMFO
ME3]3")A%U*XTBNWJ,",L#+K@14!Q'OVZAFLK$/2\!2?14@EP<,G:1@ 0,4>
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MUF*=(2J>$B0\5NS_ ,UUG]K,4Z0E4\)$AXK=G_FNL_M9BG2$JGA(D/%;L_\
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M9E_5MWM8T-L+]5A,3+AI=&<S'->T4!+7,<X$8C&O*O*:/O%HVOB4Z1.V;L7
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M3*4A"%*0A" !2D(4 *4I2AP I2@'  #M9*:...&-L,30V)C0&@"@  H  ,
M, %C%SG/<7O)+B:DG:2>4K]9S7%,(M8!YY_THW.7Y46W>?6<V!<*_N^TON_Y
M[U +BG]X&I]X_,8L8>9!6/UL.O5I?1D0WEQV[_2X3(1\>??]_=(?SE-K@7[A
ML[U+^:LU>]_F/W+Y*=A]Z,QF*=']KVO>8O+:LI:O[)NN[R>0Y:A<GM0_BS9B
M-BUJ.\8KPK^24_$-^#/H7*/QQX5MU.6OZNF@O(IJOO%@LUI:][<O>]S>D<MD
MNA>Q+/ND/HVJ@7G.?1X<Z?V;-M=Z$GG<[@>^VE=_A\L+I]_?<K5>X3>05JJB
M>T+^*7\ 9L36O!WC'PK)/YGGTGW)1Y:(_P#04[G@^*'W?ZKW4^4U>_X7>_FF
M]X:MHMFOE3]47WUJCZF?+]]IIA]&&P\D#\.WO5>_\O/I8E@'XAO=>R[_ /ZF
M501LF$H@*5[ZJ'\_O-[Y'];]^D[D;_B-]CZ;WF3R I)?#M[1U#S+?*"F_9$Q
M2K6OF]9U])'!_9EU=WW;.R:G #W%?W^7R(E#'C[[[,[C%Y4BCNYF]804UGU3
MKYK>=#RC:C[U;9D4/B.]I:7YB;RF*5_P[>S-1\[%^252XLC6I'*%'O#UG3FK
MU;NK<&L8GEUY?)**USM+8%#C)&1?['+(/X^H6N6K[-Z_!M8DFP/'3>/*=4$R
ME)TS#T0 . 9*W2> &[VHZ5;:A)?7K9)[>.0@"*@+V-<0*LK0$X*+.K<>]<T_
M5+FP99VA9!<21@D25(8]S03]8,33F'@5+O\ S5_-W_W:.7#\X;-_:;.P_P#;
MKNW^_P!]^*+]!6'_ +A]>_<K3\4G_FJ73YO[F/L_-WR<:%YD;I 0-6M&V:BY
ML4Q7ZP>04@(QRC8)F'*A&'E7#N1% R,80X]:H<W2,/9X<,C3OGH=ONUO/>:%
M:O?);VT@:USZ9B"UKL: #EY %)+='6I]X=W+76;EK&3SL)(;7**/<W"I)Y*X
MD^%7B9YA>C3")A$PB81,(K6N=IK7GO*=OAK:IE] PBU DBN)&-C??EV+D%6Q
MHR/)#]T-"RR4S*E09JMC+(E727,0RA ,)@MKDR#LC P27(NK<QL(J))!/&8V
M.Q'5>^C7'YH)=C17=ED[5PE<60F&8/<#0L88GA[QMZS&5<T<I '*N@4;97/*
M>LU<D[RB:9@77O;%(R+!CS-+M48PA444U4VL2VTM)MF8-D0]@T(]<$3Z()@L
M< Z8]I,(G7;NT><A?UG>.14]8@]7/3'&C<W15=3;9F6;!&*T8,M1DJ .K5O6
MRUPJ*G*KWNDM_FB?D>E^5_\ ;?YKVGM/\K_Z,MZ,YSXW-R<^WY/E53/<?0;]
MG7QOG_1\79_2_P"ZN;."KIA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"
M)A$PB81,(F$3"*B.XW"T[\5]61ZARN[_ "@%FCI#_*,Z9#"F^L+@P@(&(#LI
M4VI1['2%40R+7Q*WESO9_ > >CO<W4-[[^EZYGC0Z-9EL^H2'E;VP$=LTX9C
M*YJR?PXACTKU[?N[:#;Z3!6$'8^\FJRW;TY#FE/-E!5:&[=%J@@U;)D1;MD4
MVZ"*8=$B2*)"II)D+]PA"%  #[P9)RSM+;3[2*PLF-BLX(VQQL:*-8QC0UK6
MCD#6@ #D 6-)I9)Y73S.+IGN+G$[22:DGI)Q7-ERJ:81,(F$3")A$PBH1$((
MT+<DE"H(I,Z]M"*&>C$44RHM4+= $*A-()$*!4TU).,43<&  ]D=,<B9NY:6
MW"/XEKW=BTC9;;F[^:>;^V8QH9%'J^G@,O8V 4:UUS:NCN' >,^-QVK*NHRR
M;V<.(=3E<Z36-"G["0DU<ZTG.:%Q.TB.4.C%=@<%7?)9K%281,(F$3")A$PB
M81,(F$3")A$[79'L ';'!( J=B*ANL?^=ULO.T%?9LWCT:94#&X]$*Y7%SIO
M7J''CP)+S8J'XAVP3#(J<":\1>(6]?'BXZ^FW-U_!=')K0:;IKW-GF97YMY>
M]H^HVB-O(LH[\?\ 3V@:7N-'A<1Q>N78_P#R+AH+&.Z8H<K:<A<57+)5K%R8
M1,(M8!YY_P!*-SE^5%MWGUG-@7"O[OM+[O\ GO4 N*?W@:GWC\QBQAYD%8_6
MPZ]6E]&1#>7';O\ 2X3(1\>??]_=(?SE-K@7[AL[U+^:LU>]_F/W+Y*=A]Z,
MQF*=']KVO>8O+:LI:O[)NN[R>0Y:A<GM0_BS9B-BUJ.\8KPK^24_$-^#/H7*
M/QQX5MU.6OZNF@O(IJOO%@LUI:][<O>]S>D<MDNA>Q+/ND/HVJ@7G.?1X<Z?
MV;-M=Z$GG<[@>^VE=_A\L+I]_?<K5>X3>05JJB>T+^*7\ 9L36O!WC'PK)/Y
MGGTGW)1Y:(_]!3N>#XH?=_JO=3Y35[_A=[^:;WAJVBV:^5/U1??6J/J9\OWV
MFF'T8;#R0/P[>]5[_P O/I8E@'XAO=>R[_\ ZF501LF$H@*5[ZJ'\_O-[Y']
M;]^D[D;_ (C?8^F]YD\@*27P[>T=0\RWR@IOV1,4JUKYO6=?21P?V9=7=]VS
MLFIP ]Q7]_E\B)0QX^^^S.XQ>5(H[N9O6$%-9]4Z^:WG0\HVH^]6V9%#XCO:
M6E^8F\IBE?\ #M[,U'SL7Y)5+BR-:D<M2;S?_6UYH_M%[L^DJRYLGW8]V]/[
MC!Z)BUO;S^\FH=^G]*]6[9WBZ-;._P R;Z*[DP\F+_OWM>:_N*WWAZIY\>C8
MM@/#'W#T[S3O2O64S,>KWB81,(F$3")A%2'?U687?2VS:C*0-KL\=8Z?+Q+R
M HJE?1N4J@\;BD=K6%[28M?;S9@'BW4=&*FFH &X@( (6UVSM(<O7J'L(R$!
MP+7M<""=F4@$D8@##&BN;20QSAX+!U7#K EI!:000-M0:4.!KCA58IIBQ7_4
ME:CIJW'\ZS 4N <UZ*>SD[<>4^6C8ADXD&42T>6B029OY-.%146(#U\N8022
M$RBJH=D^=I')V]_$)3'VLT[6U=4,+WN  =2E YQ Y*D@#$A=?V?96CQ$']G%
M"YU&XN#6-).4&I):T5Y: 5V!9JNL#_.J?[%UGY9MVO\ .]O\I_E_D\IY3S#[
M2FQWXO!T>,K7M!]-_P"S5\>/_.V^-_3^SZ5[N4%V*81,(F$3")A$PB81,(F$
M3")A$PB81,(F$3")A$PB81,(F$3")A$[79'L ';'!( J=B*V".O=-@QVKS([
M)LT-3]=5AHO ,+79'Z,9 0-*K+D0F[ \D'9B-V;*3G#&$51,!>BD'9X9%K@%
M9W?%KBEO)QMCC?<6EQ/_  +0F@%U;"PD=ZS/$*?_ 'M]G<"W:R$#$+)7$&\M
M=S-T[#=&YD9#V,?K]^YQ#0V:=H[-CSR=C!E!KL+RJ5?^*1YN;_OK\MW[U*O[
MOR:W^'N_'_";_P#4O_F6!?\ $'<?_BMC^N9_.NZZZ\X!R2;<ND%KK6'-1HZ^
M7NS+K-J]4JML*OS$_,N&S5=ZNC'1K1VHY=*(LVRBA@*41 A!'M!EI?;F;V:;
M:OOM0TZ[ALXQ5SWQN:UH)H*DB@Q-%=6.^>ZFI73+'3]1M)KR0T:QDC7.<0*X
M &IP%5=_GF5Z9,(F$3")A$PBH_NJ)>+U-*T0Z0J3^OI-I<HH" (J+)18B,NQ
M#AV13?0YUB&#[H@&1P^*#=[4[OA['OYNW&7[W[G7\.LVH:.L]MJ3ZY!_5GLW
M3,<.4AJR)PSU"VBW@=H6HNII.KP/LY:[ 9?L7^%DP80>3%5-AI9G/1$9-QZ@
M+,99@TD6B@" @9N\0(ND(\/\("GX"'W!S.>[.\.F[V[NV.]&C/$FE:C:17$+
M@:UCF8V1OX:.H1R&H7B-2T^YTK4)],O&Y;JWE?&\<SF.+3\H7T\[Q6281,(F
M$3")A$PB81,(F$3"*EFXK"]@Z6Z9PP_\Y+6[:5"MIE'^4]])Y3N/NDH /2X,
M&AE5Q-_@]7F OB3WRU3=3AC/IN[)_P"M]X;B+1]-:/&]:OW=CV@&VEO$99R[
M8WLP20O=\.='MM4WE9<ZD/\ T6PC?=W)Y.R@&?*?./RL Y<R[G5*ZRJ5;A*U
M'E &D)&M8](>' 5!02*55<_WU'"W24,/W3&',F\/]S=,X>;DZ5N/HP T[2[&
M*W8?I&-H#Y#_ $I'YI''E<XE>;U[6+G>#6KK6KPUN+F9TAZ,QP:.AHHT= "[
M!GL%U"81,(M8!YY_THW.7Y46W>?6<V!<*_N^TON_Y[U +BG]X&I]X_,8L8>9
M!6/UL.O5I?1D0WEQV[_2X3(1\>??]_=(?SE-K@7[AL[U+^:LU>]_F/W+Y*=A
M]Z,QF*=']KVO>8O+:LI:O[)NN[R>0Y:A<GM0_BS9B-BUJ.\8KPK^24_$-^#/
MH7*/QQX5MU.6OZNF@O(IJOO%@LUI:][<O>]S>D<MDNA>Q+/ND/HVJ@7G.?1X
M<Z?V;-M=Z$GG<[@>^VE=_A\L+I]_?<K5>X3>05JJB>T+^*7\ 9L36O!WC'PK
M)/YGGTGW)1Y:(_\ 04[G@^*'W?ZKW4^4U>_X7>_FF]X:MHMFOE3]47WUJCZF
M?+]]IIA]&&P\D#\.WO5>_P#+SZ6)8!^(;W7LN_\ ^IE4$;)A*("E>^JA_/[S
M>^1_6_?I.Y&_XC?8^F]YD\@*27P[>T=0\RWR@IOV1,4JUKYO6=?21P?V9=7=
M]VSLFIP ]Q7]_E\B)0QX^^^S.XQ>5(H[N9O6$%-9]4Z^:WG0\HVH^]6V9%#X
MCO:6E^8F\IBE?\.WLS4?.Q?DE4N+(UJ1RU)O-_\ 6UYH_M%[L^DJRYLGW8]V
M]/[C!Z)BUO;S^\FH=^G]*]6[9WBZ-;._S)OHKN3#R8O^_>UYK^XK?>'JGGQZ
M-BV \,?</3O-.]*]93,QZO>)A$PB81,(F$5J^^.;#2FH#3E'F]ZZ@UMMKW@3
MDX"+V;(N/>]L>0!4(F1F8F/>1\FYB5SH'X@BND<P%'@8,HE[I0YEN6F5C@'5
MJ0/%<0:4Q+#4>$'8JH8(RU]P'=D]I(IA6E6@BO('"A\!"QV7GFB@=TUA_JW:
MW/SR/5W7%Z495RXJZYA+4VNLQ"/WB!'M9KDG<-A/H*(D+$B M.Z3M':J1%3"
MDGUG1,%Y%;QSW,+)&/DI,QS8Q0=HYC@]C":$Y2X#-EZQ& (K54'3RP12/A<Q
MCS$]I>14,#FEKG4J 2&DTJ: XD'8LSOO-!_YA/\ W#[S?E%/]Q_YCVWY/_*]
MM_#EUZ[?_2/[1VFP?:\^S;T;.A=3ZII7./V/L_&/V'/X/Z6U?>SKUW"81,(F
M$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A%2G<5@?0]1-$PA^%
MGN;YM3ZX4H_RA'TR(H.'P!VP)&L.M7$W^") R/WQ)[XZKNWPZ=N]NL[_ *ZW
MGNHM'TX#QFSWI+))Z;<MM;]K.YWS2QM=J][PYTBUU'>$:AJ8_P#0]-B==W!Y
M"R'K-9X9),K .6I5C'G5:\QJOFJ.;NMQQ *RA>7N<CT>QV5.Y^X2J+G[?%5P
MKTE#C]TQA')'?#ON=I7#Z[W6W)T1N72]+%O;LYW=FVCGN_I2.S2//*YQ/*L/
M\9M7NM?W<U[6KTUN;F*60]&9P(:.AHHT= "U?X%+P#V(=H/N!FS5:YB37:LK
MOF/2A_XJ'*-V _M?:?N!XO;9F..+?W>:EYIGI&+(_"4G_$#3?/.]%(MG!D!%
M/5,(F$3")A$PB_"B9%DU$E2%425(9-0A@XE.0Y1*<A@'L"4Q1X"&4IH8KF%]
MO.T/@D:6N:14.:X4((Y00:$+DQ[HWB1A(>T@@C:",051/3BAZ^K<-7.CFZRB
MS9U8/K#<3K4^PF4DX,Q/\8K,QU6XB'8#JP#(N?#5-)N=/O)P%OW.[?=/5'/L
M<QQ?H^H%UU8D<XA+I;=Q& [-K5DWB.QNKLT[?J #)JML!/38V[MZ13@_UP&2
M#GS$JM^2H6,$PB81,(F$3")A$PB81,(F$5#"_P#/C=1C?E8'4L9T"]HR*UVL
MJ'LQ^\*D1!AP^Z)%%ON9%-E.*GQ/.D^TW2X=V.4;"Q^MZFSK'F+K2Q%.4LDF
MY"5E(_\ 2_#0-\75=X)Z\Q%E;.P_!+/_ )S6<JKGDK%BU,(F$3"+6 >>?]*-
MSE^5%MWGUG-@7"O[OM+[O^>]0"XI_>!J?>/S&+&'F05C];#KU:7T9$-Y<=N_
MTN$R$?'GW_?W2'\Y3:X%^X;.]2_FK-7O?YC]R^2G8?>C,9BG1_:]KWF+RVK*
M6K^R;KN\GD.6H7)[4/XLV8C8M:CO&*\*_DE/Q#?@SZ%RC\<>%;=3EK^KIH+R
M*:K[Q8+-:6O>W+WO<WI'+9+H7L2S[I#Z-JH%YSGT>'.G]FS;7>A)YW.X'OMI
M7?X?+"Z??WW*U7N$WD%:JHGM"_BE_ &;$UKP=XQ\*R3^9Y])]R4>6B/_ $%.
MYX/BA]W^J]U/E-7O^%WOYIO>&K:+9KY4_5%]]:H^IGR_?::8?1AL/) _#M[U
M7O\ R\^EB6 ?B&]U[+O_ /J95!&R82B I7OJH?S^\WOD?UOWZ3N1O^(WV/IO
M>9/("DE\.WM'4/,M\H*;]D3%*M:^;UG7TD<']F75W?=L[)J< /<5_?Y?(B4,
M>/OOLSN,7E2*.[F;UA!36?5.OFMYT/*-J/O5MF10^([VEI?F)O*8I7_#M[,U
M'SL7Y)5+BR-:D<M2;S?_ %M>:/[1>[/I*LN;)]V/=O3^XP>B8M;V\_O)J'?I
M_2O5NV=XNC6SO\R;Z*[DP\F+_OWM>:_N*WWAZIY\>C8M@/#'W#T[S3O2O64S
M,>KWBX%W35J* .7*#<72Y&K8%UDTA<.5"F,FW0!0Q>M7.4AA A>)A !X!V,#
M$Y1MQ^3$_B&)3DKR?SX?EP7Q)6X5*">(QTW:*[#2#DB:C=C*S<9'O'!%5!12
M.BU=N45U2**E$I1*40$P< [.&]=V1F+ZTH,34[,.E#U6YG8-Y^3#:O><3D(T
MDV4*ZF(MM,2::JT=$N)!HC)R"* "*ZK)@HL5T[31 /9F3(8"_=P.L2UN+@*G
MH'.>8=*$@ ..#2: \YYO"AIR%)+)0!YB+).KM3/D84T@T+++,B&$IWB4:*P/
M%&I# ("H!!( AV\#K5RXY=O1797F0]6A=@';.FG-SKZF$6/SFOY^-5\NMOB]
M0HEA9S==CBT95BPMT@I3M<U"&=&63:V38>P'4:];Q\:)T3F28QZ+^5=] 2IH
M% >L"E$YUS,^WMRQIC(SO?7*VH!  '6D?0@AK>0]9S0JSV-MX63W <6OKD:V
MF9U"034]5C0007.Y1@UQP5OE!VGR83MM@=F\R?-QJG?.VHYZFXJ$,93WHTWJ
MR1='!-%#5NMU2/&P2Z*BH)A/3"DA-J\ $BS<H]4%_!&(90VQ:]UV_J]JZG:F
MN&5@'5B:?HLQ/SWO5E,YTT9];+6VK>MV;:Y!3&KR>M*X<[^J/FL:LP'7H_YP
MOY'K^W_['_.?BY0[-_,?&I^'F3UFW^FW[//_ )'TO N;."KIA$PB81,(F$3"
M)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$5"XW_GUN.4ES!UM?U4S4K\6
M(]E%>YS22:TXZ)Q 2F4BHSJVW8[)3J#D4=#)XK_$K?[Q.^LW/X?VSM/M>5DF
MLWK&OOI1R%UI:]G;5VM?(ZA!64KW_I7AQ!IXZNKZ](+B7G;9PDB!IZ)9<TG2
MUH5JGG?/1E<ZGD-LW\XSR='#/W^TKOC/Y5'7B5[AZIW1W\BU<0=H/X@S80M?
M1VK*[YCWTJ'*-_>^T_1[;,QQQ<^[S4O-,](Q9'X2_>!IOG7>BD6S?R BGLHV
MOK)G,AO_ );M$\MD]H#<>P].35DV_9(BP2FO+(^K;V9BVU*<O6\?(KL3D.Y:
M(NR@H4ANP!PX]O,[<"="T;7=8OX=9M8+J)ELTM$C \-)?0D UH:8+!_''7=7
MT'1[*?1[B:WE?<.#C&]S"1EJ <I%1T'!1!/_ !3O.2?]^3F9_>G8?=&2:_P[
MW%_X38?J6?S*-'^(^^__ !.]_72?I*3[ZM1S7\S7,I;^;%IS [XVCN5K4Z]J
MMQ66^Q+9(V5&!7E9&XIR2T61^H<&BCY-FD542\.F"9>/:R/W'C=O0-!MM-=H
MMG;VKI'S!QC8&9@ RE: 5I4T\*S[P+WDUW7[G4&ZQ=3W#8XXBT2/<\-)=)4C
M,32M!6G,I9&1P4BDPB814-V!_P S]A4/8A!ZJ.DE1UY;#@(%3!E,K=T5U\N(
M?X+&:)T!,/:*MPR*G&#_ /K?C)NEQFBZFC7TAW=U8[&]A>O[33IY.B"]&0N.
MQLU,%E'='_J+=#5MSW=:\@;_ !"T'+GA&6X8WI?":TY2Q5RR5:Q<F$3")A$P
MB81,(F$3")A%UVVV-G4:S.69^(=RPL:Z?G+]U8Z28]0W)P[(J.7 E3*'W3&#
M/&<1-]--X<[C:KOSJY_V#2[&6=PY7N8WJ1C^E+(6QM'*YP"[C=_1KG>'6[71
M+3[>YF:P'F!/6<>AK:N/0"NH:?KCROTIFXF XV.SN75MLBAOR@R\\IW8H@81
M#I<&+<R: !]P$\QS\-^Y>I[H<,+:\WD%=]==GEU;4G'QC=W[NV<PG;2",QP
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MRQL!9,K5MUP,RKO4FY2&5ZL5NK 2 8"B8!YV?4U2)[?'?%<M)_HBTN74Z!4
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MV)'#41<>*RV88ZTJ/]GB=;EG,YUP<,N+I"\8U<%E.R@JJ]=5HU6-TUFS=4_
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M5\@!:'Q%Q>(YI8PX[7".5[&N/.2&@D\M:K[2FX]=HJ*)*3;P%$E#I' *U:3
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ML,39O.*PDE"N5'3,.6O6#<5563Y@;K2VG9*PEZB0;-7 AU:Y1Z71Z(\>''B
M\)I< /<5_?Y?(B4,^/OOLSN,7E2*/OF;UA!3+O57KO6:CK'G&2GWZS-1[L/5
M"K8J,7+R/331J]J(H8QHQ@\(EP,< X'$HC]P!#(H_$:"=2TNG]A-Y3%*[X=R
M!IFHU_M8OR2J5Z3<NNCF*0LV]$QS 4H?%FU!Q,80  XC"  <1'(V%I J5(X.
M!-!M6J6YM7*+SFLYFWC8PG;NN83<[E YB*)"=%?8UC52,*2I$U4Q,0P#T3%
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M5\'$O?LGVG=?YY_G6SRUR^>2FO:')R#A5X_D:95WSYVN;I+.GCN$8N'+A8W
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M81,(F$3")A$PB814BV)<9<CUGKVB=6O>K @*BCPQ1594V"$W5N;++='B!3E
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MEZR,OQ'_ ++I7G)_R1J2_P .G[5JGFH?*E4TG(K*4RUVWK)_I/K/Y$]/_P!
MFLF[P']P&=[F_*%"GCO[].[M%Y*P&YF9884X/U47ZNO-CY<JI]'S3(C_ !&>
MW=.[H_TBEQ\//L&^[RSR2I7&1T4A4PBIO/:AUM9'*SZ4J,4,BN<RJDFQ(K%2
M1EC")A6,^C%6CDZHF'B(F,/$>R.82WM^''@COO?2:KK^[FGG6I7%SKJ!KK2Y
M+R:EYGM70RE]<<SG$DXFJ]II/$/?318&VMCJ$_J;101/(EC YLDH>T"F% !@
MNM!I^1B> TW:-^KP%[*;*0?M[9%$_@[CG45ENB =C@"P< SQ ^&[6=WJ.X:;
M^[WZ,&^+#<7$>K6@Z.QOV/?3DH)A0<NQ=U_B+9ZAAO)H6DWA.U\<;K64_P"7
M 0*_Y"=5OV" 1(ZU]?6Y1'V+A&3J$NH4.T!5$!DXKIC]T1*4,=A\7FZ@)BGW
M.WNLVG9(RYTB[<.0!T9N;7,>4EK178 F?A-JN#F:OI,QY6F.[B!\#NREIX"2
MOR?;-EAR*?&W4-ZCQ2(81<UTL=;V"AREX@ +1KE)PD50_8 3I!V1[/8SC+\0
MV^^[<;_\0^'&]EFYC3]9IPM]7MW. V!]M*R1H<<&E\0Q.-!BOK>'^BZBX?W?
MWBTJ8./BW!DM) /!(TM) Q-'>!?JF5*;LDXCLS8S;J9@I#A3:@<P*M*1&KAV
M%UR_DW%H?)<!76X?R >P)PX=CGPRX=[T;[[U1\<^-4'9;R-:X:-I!.>'1+9_
M^DD'BR:I.VAGFI]0/JHZ4ZOS>7>#3-%TMVY&YK\VG$CUR[ H^]D;\UO*VU8?
MLV?/\9U:XUMR4:QBL%?K&WHLMK>4337T@1.9>X&_>';>8G]$Y8CXW_=]<>?@
M](%KF,G*H/*0?ZLUZ2T?L];5_2=+S"?'SW$_WV'\DBS7P%]^?]SE_*Q;"S(4
M*:2A+>M?_/%R=^3;:'?/6LEA\./LO5//Q>0Y13^(OVGIG=Y?+8HEN234;E*E
M]5+^L[S3>0>L_2"SR.GQ&>P=.[X[T94B_AV]M7_=1Z1JG+9$=2R6L \\_P"E
M&YR_*BV[SZSFP+A7]WVE]W_/>H!<4_O U/O'YC%C#S(*Q^MAUZM+Z,B&\N.W
M?Z7"9"/CS[_O[I#^<IM<"_<-G>I?S5FKWO\ ,?N7R4[#[T9C,4Z/[7M>\Q>6
MU92U?V3==WD\ARU"Y/:A_%FS$;%K4=XQ7A7\DI^(;\&?0N4?CCPK;J<M?U=-
M!>135?>+!9K2U[VY>][F](Y;)="]B6?=(?1M5 O.<^CPYT_LV;:[T)/.YW ]
M]M*[_#Y873[^^Y6J]PF\@K55$]H7\4OX S8FM>#O&/A62?S//I/N2CRT1_Z"
MG<\'Q0^[_5>ZGRFKW_"[W\TWO#5M%LU\J?JB^^M4?4SY?OM-,/HPV'D@?AV]
MZKW_ )>?2Q+ /Q#>Z]EW_P#U,J@C9,)1 4KWU4/Y_>;WR/ZW[])W(W_$;['T
MWO,GD!22^';VCJ'F6^4%-^R)BE6M?-ZSKZ2.#^S+J[ONV=DU. 'N*_O\OD1*
M&/'WWV9W&+RI%'=S-ZP@IK/JG7S6\Z'E&U'WJVS(H?$=[2TOS$WE,4K_ (=O
M9FH^=B_)*I<61K4CEJ3>;_ZVO-']HO=GTE67-D^['NWI_<8/1,6M[>?WDU#O
MT_I7JW;.\71K9W^9-]%=R8>3%_W[VO-?W%;[P]4\^/1L6P'AC[AZ=YIWI7K*
M9F/5[Q,;<#L1<:**+=)-!NDF@BD4")(HD*DDF0O8 B:9 *0A0#M  <,^DD[4
M7)GQ$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$5.=B7OXG
MLF3&*9^_5SL:YHZIUY,W [U\(>S>/!#LMHB-(/6N5AX 4H<./$<PMQGXL_X;
MZ7;:5N_;?Q3B;K4IMM)T]IZT\Y'6FF(QCL[8'M;F8T#6C*"'.!'LMSMU?[Q7
M,MU?R>K;MV3>TNK@[&,Y&,^E-(>K&P8DXTH%KR?.@<_/.G5^?+F-H]:YA]C:
M^8:VO<CKU%GK*U3=/CI0D"*8K2LB2.=H+/WCQXL<Q15$2HI 1),I2$ ,F[\)
M7PT[I\,^&K->WG9!KO%?>7+?:UJEQ&U\EQ<O'5MX,PK#8VC?JK6!M &@O<,[
MC2%/'OC-O5O%OU-I6D33:;NEI3G6UE:0R.8V.-IHZ23*X=I<3.&>60U-2&CJ
MMQL(_P#$2Y]?^^1S)?O=N7PIDI?[C[G?\+L/U,?Z*PC_ 'ZWO_XE>_KI/TE/
M=\PGL_8^X/-MZOO6UKU:]CW.0N^UVKZU72;?6&?=M8Z\RK1@W<2DBLN[519M
M4RII%,80(0  .QD..,>GV.E[]W%GIT,<%JV&$AC&AK03&TD@"@Q.)4P^$&H7
MVI[CP7>H2R371FF!<]Q<X@2$ 5<2<!LQ61/FV^JGS-_9\W/]'%DSQ&[7O'I_
M?8/2M7M=Y/=V_P"Y3^B<M2&C^22_T9/^"&;)UK?D^T=X3^5<R?Y5+_2I?SA<
M'8N+=JV_FJOFOUO_ '"I_>]'9K*U'VA/YY_E%;,-.]GP>99Y(5COG?/1E<ZG
MD-LW\XSSUO#/W^TKOC/Y5Y/B5[AZIW1W\BU<0=H/X@S80M?1VK*[YCWTJ'*-
M_>^T_1[;,QQQ<^[S4O-,](Q9'X2_>!IOG7>BD6S?R BGLHI?K6_U<^5+RX6O
MO =Y(OX<_;NH]T9Z11X^(CV%8=Z?Y 4'C)<*)*EY>J=_VWYT?[L:<_2EZR,O
MQ'_LNE><G_)&I+_#I^U:IYJ'RI5-)R*RE,M=MZR?Z3ZS^1/3_P#0)K)N\!_<
M!G>YORA0IX[^_3N[1>2L!N9F6&%.#]5%^KKS8^7*J?1\TR(_Q&>W=.[H_P!(
MI<?#S[!ON\L\DJ5QD=%(5,(F$3")A$PB81,(L%?K&WHLMK>4337T@1.9>X&_
M>';>8G]$Y8CXW_=]<>?@](%KF,G*H/*0?ZLUZ2T?L];5_2=+S"?'SW$_WV'\
MDBS7P%]^?]SE_*Q;"S(4*:2A+>M?_/%R=^3;:'?/6LEA\./LO5//Q>0Y13^(
MOVGIG=Y?+8HEN234;E*E]5+^L[S3>0>L_2"SR.GQ&>P=.[X[T94B_AV]M7_=
M1Z1JG+9$=2R6L \\_P"E&YR_*BV[SZSFP+A7]WVE]W_/>H!<4_O U/O'YC%C
M#S(*Q^MAUZM+Z,B&\N.W?Z7"9"/CS[_O[I#^<IM<"_<-G>I?S5FKWO\ ,?N7
MR4[#[T9C,4Z/[7M>\Q>6U92U?V3==WD\ARU"Y/:A_%FS$;%K4=XQ7A7\DI^(
M;\&?0N4?CCPK;J<M?U=-!>135?>+!9K2U[VY>][F](Y;)="]B6?=(?1M5 O.
M<^CPYT_LV;:[T)/.YW ]]M*[_#Y873[^^Y6J]PF\@K55$]H7\4OX S8FM>#O
M&/A62?S//I/N2CRT1_Z"G<\'Q0^[_5>ZGRFKW_"[W\TWO#5M%LU\J?JB^^M4
M?4SY?OM-,/HPV'D@?AV]ZKW_ )>?2Q+ /Q#>Z]EW_P#U,J@C9,)1 4KWU4/Y
M_>;WR/ZW[])W(W_$;['TWO,GD!22^';VCJ'F6^4%-^R)BE6M?-ZSKZ2.#^S+
MJ[ONV=DU. 'N*_O\OD1*&/'WWV9W&+RI%'=S-ZP@IK/JG7S6\Z'E&U'WJVS(
MH?$=[2TOS$WE,4K_ (=O9FH^=B_)*I<61K4CEJ3>;_ZVO-']HO=GTE67-D^[
M'NWI_<8/1,6M[>?WDU#OT_I7JW;.\71K9W^9-]%=R8>3%_W[VO-?W%;[P]4\
M^/1L6P'AC[AZ=YIWI7K*9F/5[Q,(F$3")A$PB81,(F$3")A$PBMLYK=D[%U3
MIZ?N&M8=)_+,&\HK(S*\!)VU"GQ32NS<D-E6JD,Y9R<ZDC),6S<Q2* FW!SW
M0L!D4E"C:W,KHRW$-C)Q<16APHWHSG#,<&^$A7-M$R4D$%SZM :#2H+@''IR
MMJ<HQ=R%6^2.Y=SVF'U+/5NRV>7KDOKJURUSM/+QJZ#NK!6X0\W"-FK)\QV+
MU[JKKMX59THM%]([\7A#I)E5Z  -_=,9;7MQVE66;(XW,)Q8:NE$K@X N<&Y
M64 !(!=6I!5A:2/GLH7-RNNGR.:X;'CJ1N8"WQ6DESJDG*:-((#@%?91K%%6
MZF5:SP<W\9(B>@(J4CY\6Q69YAN[9(JDD%61$6P,5W72Z2B'5IBB<1()2B7H
MA]N(S'.YA  K4 &HH<10XU:000>44*^P/SQ!U23L-10U&!!'(0001R%?LUVI
MA#&(>VU@IR&$IRFGHHIBF*(@8IBB[ 2F*(<! >T.4J%5*A>/CQ2OUOJ_R@B?
M=>*%*A/CQ2OUOJ_R@B?=>*%*A/CQ2OUOJ_R@B?=>*%*A/CQ2OUOJ_P H(GW7
MBA2H3X\4K];ZO\H(GW7BA2H3X\4K];ZO\H(GW7BA2H3X\4K];ZO\H(GW7BA2
MH3X\4K];ZO\ *")]UXH4J$^/%*_6^K_*")]UXH4J%UVV;:HE3@)">7L4/) S
M(4J$?%RL>\?/WBQNK:,FZ2+A004<+"!>D;@0@<3&'@ YCKBEQ+T#A/NC+O7O
M!VDASMAMK:(9KB]NY#E@M+9FU\TKZ   Y15[NJTKT.[&[E_O5JK=+L,K<"^2
M1V$<,3<7RR'D8T8])H!B5T37:L D^>[!O=NJ2]]L*()=S$L,2JTJ$&)NL:UF
M)XNQ HI (&=+!V5UN/9X!V<<<&.&.\5MJMUQAXLADO%S68@WL@<T.CV-<T6F
M6E< 6X.NYAUIYJDDM%7>BWPWET^2UBW1W5);NI9NKF.#[N?8ZYE\.R)AP8RG
M*<-:;YUYPW=^<GYV'+1=%TV7Y@;NHBX;JD606(+A#@=)5,QDU"#P[8"(9N6X
M;>X6D]RC_(M7/$KWZU/O<GE%8^\]PO#+8H>KMV:MQ?FN-2M).PP<<Z+?=PB9
ML^EF#1P4#7^7.43(N'":A0,0P"'$.R @.0:XX_>)<^9@]&U3BX(G_P#KZW\_
M/Z1RRA\V-SIZ_*QS+HHVNM++*\O^Y4TDDIV+4444/KJQD(FF0KH3'.<P@
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M/-[\Y[9I:*ZZ<K<M^UTT6[>;C%EE5#U*2*1-))-T8ZASF$    1$1X!G<[@
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M;M6W6U;2Z<KK+7*BE3K*AS4.GB8YX&*,8P_%Z.[)C&:"(CFLK4<-0GI_;/\
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M$(F0J:92D(0I2$(0H%(0A0 "E*4  "E* <  .P 9,6...&-L430V)H
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M]7#E[!RV&JV&, @_= RIXXZ(</O]+A_#EK#\7O!6-YCU^XU?19!M&H:5J-L
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ME96E6V,C(WF2TF^D9*0KDPR8,&+38U=7=/'KQRS3;M6K9 ACJ*',4A" (B(
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M%Y(M+JE3_HI/T5S)ZQV5UB7_ %>7G\JE_P!$Y[_.%_\ <,'7-$I^V6OZV/\
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M><ZY4IZSU>Q5R"C[99E)":GH61B(EBFI0K2BF=Y(R#9NS;$464*0HG.4!,8
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M+'!P!S[#E)HI5\ K2ZL]#O67<<D3C<,H'M+2>J>1P"E$AL77PCP"]TT1'L
M6>$XC_\ SV1]H5GRHYUJ@]\:ZV$\WINUXSH=S=-'>X=H.6KIM6)I=LY;.+S/
M*H.&ZZ3(R2R"R1P,0Y1$IBB @/ <V-Z+K6C,T:T8^[M0X6T0(,K 0<C=O66N
MW7=%UB36KI[+2Y<PSOH1$\@]8\N54I\&.RO%Y>?DG/>X,[+^.:)^^6OZV/\
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MF6."D\%KO_;S73V1PB"?K/(:,8S3$T"Q5QG@GN]PKB&U8^24S0]5H+CA(*X
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M_#_9W=EINH-O(I(G&2*@>US:X2;,P'.%*R#8NOA$ "]TT1$>  %GA!$1'M
M=W=D1R.M"I"5'.M5=S9:^OTES4\S,C'4>X/X]_S!;E>L7S*M3+IF]9NMBV-=
MJ[:.4&:B+ELY04*=-0AA*<@@("(#FQ/=O6M&CW=L&/N[9KQ90 @RL!!$3001
MFP(Y5KRWDT76)-X;][+2Y<PWLY!$4A!!E?0@Y<05;]X,=E>+R\_).>]P9W7\
M<T3]\M?UL?Z2Z7^!:U^YW7ZJ3]%;)OS-5GK57\V)R?0-FL,'79V,UL^0DH6=
MEF$1+1ZXW.T*@B^CI!PW>-%124*;HJ$*/1, ]H0R"'%&6*XW^U.:!S7PNG%'
M-((/U;-A&!4[N&L;X-Q]/BF:62B)U0X$$?6/.(.(661!=!T@BY;+).&SA)-=
MNX04(L@NBJ4#I+(JIB9-5)0A@$IBB(" \0SP"]TK;=H/;;<-O4K35?O-BUQ#
MN:!;]DV:Q5!*""T2?O+.5FM0,!&/K%#3\?',BO9Y5V],#4ZJP()) 8A#J=+A
M$UTDL[BXAL,<6484+Y72T<_G:QL+J-!&9SP2:-H><I$4,- "Z:5X)-<&1-82
M&_TGND9CM:UKJ8D$=LY?;C8KMK&/D+<[0DK/"6&\4><F&K1)@WGG] ND]3#V
M!-DA_J[0TXG"%=*)) "2:JIBD "  !6+FS6]O>,:&-N+:.7*"2&E[1F KCES
M9LM23ERU).*HY3%<W%H7%W83N8'&E7-P<TFE!F#7 .H!U@305HJUYP7-,(F$
M3")A$PB81,(F$5(-S:1IF\ZT%;MR]EC 1%7N&<I]CD:Q88XKDS<7J+:18*=!
M5J_(U(59!PFLB?HE-T .0AB\0T-G9<-J)(W-(H=N5[7@'HS,:>0@BK2#BN6;
MZMT1 +' C$;*M<RHYCE>X<Q!(((P74)?EHJ9R01Z-:KWJJ0AZW+4UU,4B7CU
MI6Q5:=E5YZ4C[ [M\1:C/I%6>>.'R4H'0E$';M=0C@!6/Q^O#92]KP/5I(V,
M=&.JPMC!$8&6A;E:YS:M():X@DX$<65C:S+C-&]SVO.+@Y^7.36H=F+6DAP(
MJUM *4-;ZK6(2E5J J%;9%CH"LQ#"#AV)#G4!M'1K9-HU3,JJ8ZJR@))!TU#
MB8ZAN)C"(B(Y6FE?/*97TS'D&  V  <@ H -@  "IQ1-AC$;:D"N)-2234DG
ME))))Y25^E*O6E0."M=@E 5Z8* I$1YP4!3CTP.!FX]/I\1X\>WQRG4CE7,@
M':%\;P::Y_4"D_)6"]P95]8G^F_\9_G5/L(/H,_$%^T]<:\24(JE0Z8FJF<I
MTU$ZO!D43.00,4Y#E8@8IRF#B AV0'/AGG(H7OIX2@@A!J&-KX OK_%BM?J]
M!_FEA[GRG4JI0+UG5,I[Y+J'M4K3Q#I%/U+J"BW"73+[4W5JM3DZ1>/8'AQ#
M/K7O8:M)!Z"OCF,<*. (Z0OG>#37/Z@4GY*P7N#*GK$_TW_C/\ZX=A!]!GX@
MO::4*BL%!68TNILUC$%,56E<AVZ@IF$!,03HLR&$@B4!$./#L9Q=+*\4>YQ'
M225];%$PU:UH/0 OH?%BM?J]!_FEA[GSA4KG0+T'=$H\@<BC^FU1Z=,HD3.[
MKL0Y.0@CTA(0RS,XE*)NSP#L<<Y-EE9@QS@.@D+BZ.-YJ]K2>D KU/!IKG]0
M*3\E8+W!G/UB?Z;_ ,9_G7'L(/H,_$%[C2BTB/$YF%.JK(RH 50S2O1#85"E
M$1*!Q19D$X%$>QQ[6<'2R/\ '<X^$DKDV.-GB-:/  %[WQ8K7ZO0?YI8>Y\X
MU*Y4"^4MKK7SA51=Q1:<NNJ83JK+5B$554./;.HH=B8YS#]\1$<J">8"@>X
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M1J54;I)H-ZS7D$$B@1)%&%C4DDR!VB)ID;%(0H?>  #*9<YQJ2254#6M%
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M?DK!>X,^^L3_ $W_ (S_ #KYV$'T&?B"^DUIM09)=0RJE;:( 8QP1:P46W2
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MKF.,+7&A+WL+Y"^7*:Y0YQBC)H'=EF+LHJ&_*&QK+UV9<V>Y69M88:C)/.5
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M%@33Y)*')&,YB5720<JJND&Y6YSBL8$NGEG(07Q1@ ROD 8":-+J$]8G#*T
MO=4'!NQQHTW450V22I;&R-Q<0*D-V$M QS&H:VE#4C$;19"\<P,;7(ME>MHM
M5ZPWU9LVT:OD*=LR8?UYCL]6XNG+&F52VLY9-Y>+)KN(<,&$0W<'6<+@9<4V
MP%$4R5;@S,;(;<N?JD<$ B.7&0DS9GM8:Y@Y_91N)J>S#,Y&=Y/&W;$Y\7;
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MTR' ! >V ]G'*#RA.CD*YL(O7<,VCL"@Z:MW($$1*#A!)8"B/;$H*%, "/\
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MBM=V-1$5W:K1W<;#+ =PU(;J6XLS F<S;HC:0%]O;VP'6N8)27$F@?&V%UK
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MMEL)XW,D8:T<QPHYII0T(PP*K6]Q-:SLN;=Q9.QP<TC:"-A74?!Q1_U<8_\
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M;)L\E7N"T[<)@T*VL=RO4@V)9*)0Z<@B>WW5!"5DW"1Z@HHJ<Z2).J7*F0@
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M\[:"3J.&+37 @JX#7,'9JU1*I 7*QA;K3$PK)E.V0&X-@EI!%/@LY!,"E,8
M[!>L, **]'IG #&$,N)G,?)FC%&T:-@%2&@%U!@W,0791@VM!@%2B:YK:.VY
MG':30%Q(;4XNR@@9CB:5.)7=<I*HF$3")A$PB81,(F$3")A$PB81,(F$3")A
M$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F
M$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB
M81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3"
M)A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,
M(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$
MPB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$
M3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB8
M1,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")
MA$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(F$3")A$PB81,(
MF$3")A$PB81,(F$3")A$PB81,(F$6-SF-8'\.[N1W]%[^E^6T->UQ*A.M)26
MS$JM6+RG*3YKW)[4C-,23#8"D@JQ4BQB7:J;J*10(N7@1<P]*E;]D'3^LDMN
MC(WLG&N019!4-(ZK9.USEQ>*N88PPT:X*K/VA9!ZN Z -?VK13.9,PRDUQ,?
M9[ PX.S%PQ:5WFF[NI^LM0T1KK&\W'FV>;$V!.4S3; T_#.[<Y5;M9*P/JG:
M[E.*1QV;/6\)%.C/Y"<XRJ*"9$URK+B0#W4IGDEAMBUKKAT#GEXHUKHXSC,X
MMZGSF1]0?62$4&9SJ6T8@9'-<9BVW;*UN0YBYLCP V)H=UL2'/H\]1E3FRM:
MNTQG-PR3.$!=M:6BC;'CMNZSU):*,\E(&9]YW.V055IUPCK'$NE8FPU*0;(*
MB"J75N"JH+)'1(=,0'Y&UDQA[%U1+)-&:BA9)#"Z=S7#I8&EA%0X/:><#[(9
M(63/F;3LH8Y10U#XY)FP M/.UY<' @4+2,:@GL6X^:.LZ9?[-8S-8L4R.K]*
ML=V2AH7N)165AGMHE:N6$BFRRR:BDR#F*,H4#"5,X'*4!Z64&O+FO<T$EES:
MP4&TNNG.8PC^J6XCEJ**OV?7B82!VL-S)4X "V;&YU3_ $A(*<U#5=??\S=X
MA8ZN-)[EYMT9L?9-C7AM1ZP+=:.^G+;&,(,]BF[-9)5H_/!4&*K,80!D0=+N
M%$5E$TD@744*4:SHW"46K"UUT&R.D /4C9&6-+R^E'!SWM8P-!<YQ%!EZPH,
MD:Z(W+LS;6L882.L]\@<0P,K4$-8Y[BX@-8"201E7TYKF3L-8J=7-9='72*V
M[=[R^U[3-/EL%.>NK++QT6YGWL^QNC>6^+B%$8U]DL[<23GJ%42I"F+85A(F
M?B0'RQP6W7E?&^0@]7LV1FCW/.(H"6AN7,7F1E!B<O,5;')-<=2%CV,!'6SN
ME\1K!@<QZV;-E#0QY)H!7J$GSG-H.NNFTYJNP1.WV>U*UIUQJE[::@@V3MER
MKKFW5>3/L55^G4R4Z;K3-5=!^82K'<)BU!L+G@F/UK>V?"RUZYF=,W'JY'6[
M0^5KJUJX,<QS VID:]I;AFR_">R[4W/4$<<<@IULS)G]G&6[*#M YKBZ@86.
MJ?%S5GC=W)Q=,86C;]*LFH)%Y>8G7A8&0!&Z@[G[#),HNO.X>5HI9M!_79ET
M_3 CY5-J5 0/W05$"".<LC7RPPQ&LLY(#2,I#FAY+75P'5C<X&M""W&IHN!<
MYL<TL@I% T.+@:@M.45'*2"X MI4&NT"JI]SW3<A7.4'?LY%S,K7GL=0W:Z<
MW!OWT7+QB7=S%-TZCY&-42D&;DC0Y^BH@8%2\?8CQX9:R]GVENV8D0.O;5KZ
M$CJ.N8FO&&-"TD&FT%7MJ'%TG9@&06\Y;6AZPAD+=N&#@#BK-ZM.:=\*^I8_
MDOVEN:XWEILBJI[BJ4C>-TWBC,=-R;.2-:Y78C+:KB2AJXJFT1*I"N$E&T@M
M( 0B *D%4 [&#M/6B7!O\,#)A*74RM(B<Z/*[QA+VO9T:#BPNSC+BNK>6^H
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MI#]H^U<7'E)]9N!4GE- !CR #D7R3VA=-'B"2*@Y!6V@<:<U22?"2>54;B:
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MG8DXAW:'+"7T^S$QID+N1S"_*'8<[D.@,[(QVDML'&4# MR-S2-;7QW1MKG
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MF+QQ!B1)VT-)(O$S$*X;E3ZTA[:*C+>S9*P2>K3W)<RO5>R:2XEC<*CQXGW
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:B81,(F$3")A$PB81,(F$3")A$PB81,(O_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
