Disclaimer:

Yellowstone Property Group LLC is a private investment firm that identifies and invests (through special purpose entities) primarily in stabilized, income-generating commercial real estate investments across asset classes in the United States (“U.S.”) and, to a lesser extent, real estate debt investments, with a focus on current income. Yellowstone's investments involve a high degree of risk. You should consider investing in Yellowstone's opportunities only if you can afford the complete loss of your investment. When provided with an investment opportunity, offering memorandum, or prospectus, you should read all offering materials carefully, and upon consultation with your attorney, accountant and/or investment advisor, make your own decision about investing in the offering. Yellowstone's passive real estate investments often contain financial assumptions and forecasts which may be considered speculative, typically have higher fees than traditional investments, are immediately dilutive, and often include a high degree of risk and are appropriate only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase volatility and risk of loss.

Yellowstone Property Group's investments may involve complex tax structures, tax inefficient investing, and delays in distributing important tax information. Individual investment entities and their offerings have specific risks related to their investment programs that will vary from investment to investment. Investors should consult their own tax and legal advisors as Yellowstone Property Group LLC does not provide tax or legal advice. Yellowstone Property Group's real estate investments are generally not taxed at the corporate level to the extent they distribute taxable income in the form of dividends or periodic distributions. Ordinary income distributions are taxed at individual tax rates and distributions may be subject to state tax. Each investor’s tax considerations are different and consulting a tax advisor is recommended. Any of the data provided herein should not be construed as investment, tax, accounting or legal advice.

THIS WEBSITE IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY SECURITIES DESCRIBED IN ANY PROSPECTUS, OR OFFERING MEMORANDUM FOR A FUTURE OFFERING TO INVEST IN ANY INVESTMENT SPONSORED BY YELLOWSTONE PROPERTY GROUP LLC OR ITS AFFILIATES. ANY SPECIFIC OFFERING OR SOLICITATION IS MADE ONLY UPON RECEIPT OF THE PROSPECTUS OR OFFERING MEMORANDUM ON A CONFIDENTIAL BASIS WHEN PROVIDED TO A QUALIFIED OR ACCREDITED INVESTOR BY AN AFFILIATE, EMPLOYEE, OR OFFICER OF YELLOWSTONE PROPERTY GROUP LLC, AND THIS MATERIAL MAY ONLY BE USED BY A QUALIFIED OR ACCREDITED INVESTOR TO HELP INFORM ITS INVESTMENT DECISION AFTER AN ACKNOWLEDGEMENT OF THE INHERENT RISKS ASSOCIATED WITH ILLIQUID REAL ESTATE INVESTMENTS AND ONLY AFTER CONSULTATION WITH A TAX, LEGAL, AND INVESTMENT ADVISOR. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY OTHER STATE SECURITIES REGULATOR WILL APPROVE OR DISAPPROVE OF THE SECURITIES OR DETERMINED IF THE PROSPECTUS OR OFFERING MEMORANDUM IS TRUTHFUL OR COMPLETE. IN ADDITION, THE ATTORNEY GENERAL OF THE STATE OF NEW YORK OR NEW JERSEY WILL NOT PASS ON OR ENDORSE THE MERITS OF ANY FUTURE OFFERING. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.