An investment in Vision REIT involves significant risks, including risk of loss and illiquidity. Vision’s return objectives are based on a number of assumptions which EPIC Management believes are reasonable, but there is no guarantee that the conditions on which such assumptions are based will materialize as anticipated or will be applicable to Vision’s investments or that any return targets or objectives stated herein will be realized. Actual realized returns will depend upon a number of uncertain factors, some of which are set forth herein, including, without limitation, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the EPIC Management’s projections are based. Accordingly, the actual realized returns may vary materially from any stated target return from time to time. The Units and the offer and sale thereof will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any other country or jurisdiction, and the offering and sale of the Units to U.S. eligible investors is being conducted so as to be exempt from registration pursuant to Section 4(a)(2) of the Securities Act and Rule 506 under Regulation D, as promulgated under the Securities Act, as amended (“Regulation D”).