Investment involves high degree of risk; limited liquidity; no public market; suitable only for sophisticated investors; Investment strategy is speculative; returns are not guaranteed and no assurance objectives will be achieved; May pay distributions and fund redemptions from borrowings, Offering proceeds, or asset sales with no limits on amounts it may pay from such sources; May invest in securities that involve a higher degree of risk or have valuations that fluctuate dramatically; Access to debt financing may be limited and subject to rate increases, restrictive covenants, or untimely repayment obligations; Involves unique risks associated with real estate investment, including competition for tenants, interest rate risk, occupancy issues, insurance risks, inflation risk, among others. Offering is not contingent on a minimum capital raise; Fund may not raise amount of capital that would allow diversified holdings or achievement of investment objectives; Multiple conflicts of interest, including compensation arrangements, incentive fee structures, positions held with affiliated entities, co-ownership arrangements, and the purchase of and allocation of investment opportunities; COVID-19 could have a material impact on the Fund’s investments and operations. For a more complete discussion of risk factors, please view the Crimson Canyon Development LP CPOM.