Statement of Net Assets

As of December 31,

2021

2020

ASSETS

Real Estate Investment Partnerships at Estimated Fair Value (Cost - $842,000)

842,000

-

Total Real Estate Investments

842,000

-

Cash

214

-

Investment Receivable

2,000

-

TOTAL ASSETS

844,214

-

LIABILITIES AND EQUITY

Liabilities

Related Party Account Payable

353

-

Accrued Construction Supervision Fee - Related Party

32,622

-

Accrued Fund Management Fee - Related Party

6,140

-

TOTAL LIABILITIES

39,115

-

Net Assets

805,099

-

Common Member Unit Contributions

100,000

-

Class B Unit Contributions

-

-

Class A1 Unit Contributions

754,000

-

Accumulated Deficit

(48,901)

-

   Total Equity

805,099

-

TOTAL LIABILITIES AND NET ASSETS

844,214

-

Statement of Operations

Year Ended December 31,

2021

2020

Rental Revenues from Investments in Real Estate

-

-

Income from Real Estate Investment Partnerships

-

-

Total Investment Income

-

-

Investment Expenses

Advertising and Marketing

1,000

-

General and Administrative

599

-

Total Investment Expenses

1,599

-

Investment (Loss) / Income Before Investment Management and Incentive Fees

(1,599)

-

Fund Management Fees - Related Party

6,140

-

Construction Supervision Fees - Related Party

32,622

-

Property Acquisition Fees - Related Party

8,540

-

Total Management and Incentive Fees

47,302

-

Net Increase (Decrease) in Net Assets Resulting from Operations

(48,901)

-

Statement of Cash Flows

Year Ended December 31,

2021

2020

OPERATING ACTIVITIES

Net Increase (Decrease) in Net Assets Resulting from Operations

(48,901)

-

Adjustments to reconcile Net Income to Net Cash provided by operations:

Related Party Account Payable

353

-

Accrued Construction Supervision Fee - Related Party

32,622

-

Accrued Fund Management Fee - Related Party

6,140

-

Investments in Real Estate Partnerships

(842,000)

-

Total Adjustments to reconcile Net Income to Net Cash provided by operations:

(802,886)

-

Net Cash provided by (used in) Operating Activities

(851,786)

-

FINANCING ACTIVITIES

Issuance of Member Units

852,000

-

Net Cash provided by (used in) Financing Activities

852,000

-

Cash at the beginning of period

-

-

Net Cash increase (decrease) for period

214

-

Cash at end of period

214

-

Statement of Changes in Net Assets

Net Assets

Net Assets at Inception 11/23/2020

-

Net Increase in Net Assets resulting from Operations

-

Ending Balance 12/31/2020

-

Issuance of Member Units

854,000

Net Increase(decrease) in Net Assets resulting from Operations

(48,901)

Ending Balance 12/31/2021

805,099