These are all very real risks. Real estate investments within the Propel Opportunity Fund carry the same market risk that comes with other investments. Over the long-term, we like real estate as an asset class because it is tangible, and each property has unique characteristics that add or detract from its value. And real estate as an asset class has a long track record of success, with appreciation rates that historically have kept pace with or exceeded inflation (though certainly not every year). Like other investments, the investments within the fund are subject to economic and market changes, and in fact, the fund’s 10-year investment period means a greater chance of the investments living through a market cycle. One of our primary goals as fund managers is to manage risk. We are not able to predict the future and we cannot eliminate all risk, but we seek to control the parameters within our control through a methodical investment decision making process coupled with an attentive management strategy. Ultimately it is up to each investor to determine whether they are comfortable with the investment risk.