Eligibility depends on the structure of each specific offering and applicable securities laws. Certain private offerings may be limited to accredited investors.

For individuals, accredited investor qualification may include meeting applicable net-worth or income criteria, or qualifying under certain professional knowledge or credential categories recognized under SEC rules.

Investor eligibility and any required verification will be addressed as part of the subscription process for each offering.

ALVEX opportunities may have different minimum investment amounts depending on the property, capital structure and offering terms.

When an opportunity becomes available, the applicable minimum will be clearly identified in the investment materials and offering documents.

A multifamily investment may be structured around a multi-year business plan. ALVEX may initially target a particular investment horizon, but the actual hold period can be shorter or longer depending on property performance, financing conditions and the real estate market.

A targeted hold period should not be interpreted as a guaranteed sale date.

The anticipated distribution schedule is established separately for each offering.

If an offering targets quarterly or other periodic distributions, those distributions remain dependent on available property cash flow, reserves, debt obligations, operating performance and the governing investment documents. Distributions are not guaranteed.

A preferred return is a distribution priority that may be included in an investment structure. If applicable, certain available cash may be allocated to investors according to the preferred return provisions before additional profit-sharing tiers are applied.

A preferred return is not the same as guaranteed interest and does not guarantee that sufficient cash will be available for distribution.

Lower occupancy can reduce rental revenue and therefore reduce property-level cash flow and investor distributions.

Depending on the circumstances, management may respond through leasing initiatives, pricing adjustments, marketing, tenant-retention programs, expense management or use of available operating reserves.

There is no guarantee that these measures will fully offset a decline in occupancy or revenue.

If actual results differ from the original business plan, ALVEX may evaluate operational changes, expense reductions, capital improvements, financing alternatives or an extension of the investment timeline.

Underperformance can reduce or delay distributions and may result in partial or complete loss of invested capital.

An exit decision may consider property performance, valuation, financing markets, buyer demand, remaining business-plan opportunities, tax considerations and broader economic conditions.

Depending on those factors, the strategy may include a sale, refinance, continued ownership or another action permitted by the governing investment documents.

Investors in entities taxed as partnerships commonly receive a Schedule K-1 reporting their allocated share of partnership income, deductions, credits and other tax items.

Timing can vary depending on preparation of the partnership's tax return and other reporting requirements. Investors should discuss their individual circumstances with their own tax professional.

Real estate partnership investments can create tax consequences involving income, losses, depreciation, distributions, capital gains and other tax items. The treatment can vary significantly depending on the investor and the transaction.

ALVEX does not provide individual tax advice. Prospective investors should consult an independent CPA or qualified tax advisor before investing.

Passive investors generally do not participate in day-to-day property management. The sponsor and property management team oversee operations, leasing, renovations and execution of the property business plan, subject to the rights established in the applicable governing documents.

In a typical real estate syndication structure, limited partners are passive capital investors, while the general partner or sponsor is responsible for managing the investment and executing the business plan.

The exact legal rights, voting rights, liability, economics and responsibilities depend on the entity structure and governing documents for the specific investment.

Prospective investors should carefully review the applicable offering documents and consider factors including:

• The property's location and market fundamentals.
• The proposed business plan.
• Debt and financing structure.
• Projected operating assumptions.
• Fees and sponsor compensation.
• Distribution waterfall.
• Potential conflicts of interest.
• Risk factors.
• Possible exit scenarios.

Investors should also consult their own legal, financial and tax advisors before making an investment decision.

1. Subscribe to ALVEX Deal Updates.
2. Review educational information and future opportunities.
3. Complete the applicable investor qualification process.
4. Review all offering and subscription documents.
5. Consult your independent legal and tax advisors.
6. If you decide to invest, complete the applicable subscription and funding process.