What Are Material Changes?

A Material Change refers to any significant event or development that could substantially impact a property's value, rental potential, projected investment returns, or overall investment value. These changes can arise during or after the investment commitment period and require transparent communication with investors.

Material changes can encompass a wide range of scenarios, including but not limited to:

• Legal or Regulatory Changes: New municipality policies or zoning laws that impact the location of the property.
• Major Maintenance: Major maintenance requirements that impact core systems such as structural, main HVAC, etc that would make the property temporarily uninhabitable.
• Rental Yield Adjustments: Significant variations in expected rental income due to changes in demand, tenant cancellations, or unforeseen maintenance costs.