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Disclaimer: This information was prepared to support the promotion and marketing of National REOs. The investment objectives, policies, figures, calculations and numbers contained herein are intended as examples and estimates only and do not guarantee that any future results will be comparable to the results contained herein. Investment results will differ, and may be higher or lower than the investment results and samples contained herein. Real estate investments involve risks such as refinancing, economic conditions in the real estate industry, changes in property values, dependency on real estate management, and other risks associated with a portfolio that concentrates its investments in one sector or geographic region. Investment in real estate is highly speculative in nature and involves an extremely high degree of risk with no assurance of any income from such investments. An investor must therefore be prepared to bear the economic risks for an indefinite period.