Legal

Risk Disclosure

Effective Date: 14 February 2026

Investments offered through PRELISTD involve significant risks. This Risk Disclosure is intended to provide a summary of certain material risks associated with private property investments available through the Platform.

This summary does not contain all risks and should be read in conjunction with the offering documents for each specific opportunity.

1. Private Offering Risk

Opportunities available through PRELISTD are privately offered securities and are not registered under the Securities Act of 1933 or the securities laws of any state or jurisdiction.

As a result:

  • Securities are subject to resale restrictions
  • There is no public market for most offerings
  • Disclosure requirements differ from public companies

Investors must be prepared to bear the economic risk of their investment for an indefinite period.

2. Risk of Loss

All investments involve risk, including the potential loss of the entire invested amount.

There is no guarantee of:

  • Returns
  • Distributions
  • Exit timing
  • Capital preservation

Past performance, if referenced in offering materials, does not guarantee future results.

3. Illiquidity

Investments offered through the Platform are generally illiquid.

  • There may be no public or secondary market
  • Transfers may be restricted
  • Redemptions may not be permitted

Even where private transfers are permitted, they are subject to approval and regulatory restrictions.

Investors should not invest funds they may need for short-term liquidity.

4. Real Estate Market Risk

Property investments are subject to risks inherent in real estate, including:

  • Market downturns
  • Declines in property values
  • Local economic conditions
  • Interest rate fluctuations
  • Construction delays
  • Cost overruns
  • Zoning and regulatory changes

These factors may materially affect the performance of an investment.

5. Development and Execution Risk

Where an opportunity involves development, expansion, or value-add strategies, additional risks may include:

  • Construction defects
  • Contractor performance issues
  • Permitting delays
  • Supply chain disruptions
  • Budget miscalculations

Execution risk may result in reduced returns or capital loss.

6. Sponsor and Management Risk

Each investment vehicle is managed by its own sponsor or managing member.

The performance of the investment depends on the competence, integrity, and decision-making of the sponsor or management team.

PRELISTD does not control the day-to-day operations of each issuer unless explicitly disclosed in offering materials.

7. Regulatory and Legal Risk

Changes in laws or regulations may adversely affect investment performance.

This includes:

  • Tax law changes
  • Securities law developments
  • Zoning or land-use regulations
  • Environmental regulations

Compliance costs or regulatory actions may impact project viability.

8. Tax Risk

Tax treatment of investments may vary based on:

  • Jurisdiction
  • Investor status
  • Structure of the investment vehicle

Investors should consult independent tax advisors before investing.

PRELISTD does not provide tax advice.

9. Conflicts of Interest

In certain opportunities, PRELISTD or its principals may participate as sponsor, managing member, or minority equity holder.

Such participation may create potential conflicts of interest, which will be disclosed in offering materials.

Investors should review disclosures carefully.

10. Platform Risk

The Platform relies on digital infrastructure and third-party service providers.

Risks include:

  • Technology failures
  • Cybersecurity incidents
  • Service provider disruptions
  • Data loss or unauthorized access

While PRELISTD implements security safeguards, no system is immune from risk.

11. No Investment Advice

PRELISTD does not provide investment advice and does not assess the suitability of any investment for any user.

All investment decisions are made independently by investors.

12. Forward-Looking Statements

Offering materials may contain forward-looking statements, projections, or expectations regarding future performance.

Such statements are inherently uncertain and subject to risks and assumptions that may not materialize.

Actual results may differ materially.

13. Acknowledgment of Risk

By accessing offerings through PRELISTD, you acknowledge that:

  • You understand the risks described above
  • You are capable of bearing the economic risk of loss
  • You have reviewed the applicable offering materials
  • You are making investment decisions independently

If you do not fully understand these risks, you should not invest.