Capitol Area Regional Center ™Managed by Global Capital Markets Advisors, LLC

888 16th Street NW – Suite 800Washington, DC 20006

Telephone: 1-202-349-9848Telefax: 1-202-355-1399

CARc and Capitol Area Regional Center are trade marks of Capitol Area Regional Center Job Fund, LLC.GCMA is a trade mark of Global Capital Markets Advisors, LLC. Copyright 2007. All rights reserved.

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Confidential Page 2 of 13CAPITOL AREA REGIONAL CENTER™

Thank you for your interest in learning about the investment opportunities sponsored by theCapitol Area Regional Center™. CARc™ sponsored JOB Funds are private companies formedspecifically to invest in and generate attractive risk adjusted returns from a diverse portfolio of highquality commercial real estate projects being developed within the Washington, DC region. JOBFunds are multi-asset and multi-investor funds designed to accommodate a variety of individualinvestor’s interests. By example, one Investor may invest solely for the expected economic returns,while another may be motivated by both the economic returns as well as for the purposes of qualifyingfor a visa from the United States Citizenship and Immigration Services (“USCIS”) under its EB-5Immigrant Investor Pilot Program.

As you will see in the following pages, the Manager of the JOB Funds, Global Capital MarketsAdvisors, LLC (“GCMA™”) has targeted an exciting variety of investment opportunities that customarilywould be available only to large institutional investors, such as life companies and pension funds.Also included herein is information on the background, experience and resumes of the ManagingPrincipals of GCMA, as well as a description of the investment strategy to be employed by the Funds.

There are a number of possible levels of investment that a qualified potential investor canselect when participating in a CARc sponsored Fund. The minimum investment requirement isUS$200,000. Additional investments are permitted in increments of US$50,000. However, if aninvestor desires to pursue a U.S. visa under the EB-5 program, current regulations require that he orshe first invest a minimum of either US$1,000,000; or US$500,000 if he or she elects to designate andrestrict the application of the investment to a “Targeted Employment Area” project.

Available upon request is the CARc Application to determine your suitability to participate in aJOB Fund. Part of that Application includes a Questionnaire we require you to complete as part of ourreview of your Application. The Application process takes approximately 30 days from its submissionto determine your eligibility.

After you have been approved to participate in a JOB Fund, the second and next step involvesyour review of our Private Placement Memorandum (“PPM”) and Subscription Agreement. Thereafter,the third step involves your decision to invest in a JOB Fund evidenced by your execution of theSubscription Agreement and your contribution to the JOB Fund Capital Account and the Expense &Surety Fee Account.

If you elect to utilize your investment in the JOB Fund to meet the requirements of the EB-5Program, in conjunction with your independently prepared visa petition, CARc will provide you theapplicable documents necessary to confirm that your investment meets the eligibility requirements ofthe USCIS. Thereafter, USCIS typically issues the conditional visa within 45-60 days after you submityour completed initial EB-5 petition (an “I-526”).

We look forward to receiving your questions and feedback and, should you ultimately decide toinvest with one of our Funds, to working with you to achieve our mutual investment goals.

Confidential Page 3 of 13

Background

Capitol Area Regional Center JOB Fund, LLC (“CARc™”) was founded and is managed by Michael R. Sears, whois also Managing Principal of Global Capital Markets Advisors, LLC, the Manager of the Fund, and John Tung, aprofessional real estate investment advisor and sole member of MBJ Management, LLC, one of the founding members of theManager. CARc is located at 888 Sixteenth Street NW, Suite 800, Washington, DC 20006 and may be contacted bytelephone at 1-202-349-9848, facsimile at 1-202-355-1399, or by email at info@eb5dc.com. Its web site address iswww.eb5dc.com. On November 25, 2005 CARc was designated pursuant to Section 610 of the Appropriations Act of 1993by the USCIS as a “regional center” to participate in the EB-5 Program within the capitol area regional center, a regionwithin the geographical area encompassing the legal boundaries of Washington, DC, the City of Alexandria, in theCommonwealth of Virginia, and the four adjacent surrounding counties of Montgomery and Prince Georges in the state ofMaryland, and Arlington and Fairfax Counties in the Commonwealth of Virginia (the “Capitol Area Regional Center™”).The primary mission of CARc is to sponsor institutional quality real estate investment vehicles to be offered primarily toforeign investors (non- US citizens) interested in participating in the EB-5 Program.

The adjacent map delineates the area comprising the Capitol Area Regional Center, as highlighted withinthe green boundaries, including the Capitol of The United States, Washington, D.C., situated within the District of Columbia.

The CARc regional center encompasses an area of over 1,500 square milesand a population in excess of 3.7 million, or approximately 71% of the totalpopulation of the greater Washington Metro Region illustrated in gold. TheWashington Metropolitan Area is the eighth largest in the United States andthe Baltimore-Washington Metropolitan Area has a population exceedingeight million.

Located on the banks of the Potomac River and bordered by thestates of Virginia (to the west) and Maryland (to the north, east and south),Washington was plannedand developed in the late18th century to serve asthe permanent nationalcapital; the federal districtwas formed to keep thenational capital distinct

from the states. The city, with an area of 68.3 square miles, is commonlyreferred to as Washington, The District, or simply D.C. The centers of allthree branches of the U.S. government are in the District. Also situated inthe city are the headquarters for the World Bank, the InternationalMonetary Fund, the Organization of American States, the Inter-AmericanDevelopment Bank, and other national and international institutions,including labor unions and professional associations. A center ofAmerican history and culture, Washington is a popular destination fortourists, the site of numerous national landmarks and monuments, theworld's largest museum complex (the Smithsonian Institution), galleries,universities, cathedrals, performing arts centers and institutions,professional sports venues and native music scenes.

The District of Columbia and the city of Washington are governed by a single municipal government and for mostpractical purposes, are considered to be the same entity. Although there is a municipal government a Mayor, and eight localpolitical districts, referred to as Wards, Congress has the supreme authority over the city and District, which results incitizens having less self-governance than residents of the states. The District has a non-voting at-large Congressionalrepresentative. The population of the District was recently estimated at 581,530.

CARc sponsored funds (each, a “Fund”) are formed for the purpose of making direct or indirect investments in oneor more commercial real estate projects (the “Projects”) to be developed and located within the Capitol Area Regional Center.The Fund’s primary investment objectives are to generate attractive risk adjusted rates of return by investing in a diversifiedportfolio of Projects located within the Capitol Area Regional Center, thereby also providing eligible foreign entrepreneurInvestors with the opportunity to independently petition for a residency visa from the USCIS under the EB-5 Program, whichallows unrestricted residency and travel anywhere within the United States of America for qualified EB-5 Investors, theirspouse and children who are under 21 years of age at the time the EB-5 Program application is submitted.

Confidential Page 4 of 13According to The Development Report- 2006/2007 Edition, Washington, DC is consistently ranked in the top two

real estate investment markets globally, and a “robust regional economy combined with a steady infusion of investmentdollars has continued to fuel development activity in the city.” Since 2001, over $15.2 billion in 640 projects have beencompleted within the District of Columbia, including both new construction and renovation projects. A total of 178 office,residential, retail and hospitality projects, comprising over 22 million square feet, were under construction within the Districtas of August 2006. Planned development as of that date (defined to include proposed projects where the developer has sitecontrol and funds committed for the project), totaled some $15.9 billion in 277 projects comprising more than 56 millionsquare feet. In the fiscal year 2004, federal tax collections in the District were $16.9 billion, while federal spending in theDistrict was $37.6 billion.

Of the 8 Wards shown in the District map above, Wards 2, 5, 6, 7 & 8 have been designated a targeted employmentarea, or TEA, qualifying for a minimum EB-5 investment amount of $500,000, rather than the standard $1,000,000 minimumotherwise required of EB-5 Investors. The Fund intends to seek TEA certification for Projects within the District of Columbiaas well as the designation of additional TEA areas within the Capitol Area Regional Center.

Projects in which the Funds will invest will be determined by the Manager. All Projects in which a Fund invests willbe selected with a view to optimizing the Fund’s investment objectives and will be developed by experienced developmentteams having the skills and resources to successfully conceive, design, finance, build and market institutional quality realestate. Pursuant to CARc’s USCIS designation letter, Projects may include commercial, residential, industrial, hospitality, orcertain sports facilities and related infrastructure development, or mixed use Projects containing more or more of theseelements. The Manager has identified numerous investment opportunities within the Capitol Area Regional Center that itbelieves meet the fundamental investment criteria and, if successfully developed as planned, would provide more thansufficient jobs and economic benefits to allow for a Fund to fully meet its EB-5 Investor objectives for more than $500million of contributed capital investment by EB-5 investors.

Investment Objectives and Criteria

The fundamental objective of any CARc sponsored Fund is to deploy its capital in a portfolio of institutional qualityreal estate investments in order to achieve a total rate of return comparable to or better than that available from similarinvestments within its regional marketplace, while also satisfying four other core requirements: (i) enhance a Fund’s value byinvesting only in Projects expected to meet or exceed its total rate of return criteria; (ii) invest a Fund’s capital in Projectslocated within the USCIS designated Capitol Area Regional Center; (iii) meet or exceed the EB-5 Program’s job creation andeconomic impact requirements; and (iv) provide EB-5 Investors with the Project information and supporting documentationthey will need to pursue their petitions for Green Cards for themselves and their eligible family members. The Fund Managerintends to achieve these goals by making privately negotiated investments in Projects located within the Capitol AreaRegional Center, primarily by investing or otherwise co-venturing with experienced real estate development companies andentrepreneurs.

Each Fund’s investment activity will generally fit into one or more of the following categories: (i) Co-developmentand re-development of single asset and mixed use Projects, including investing in joint venture, partnerships or otherpreferred equity positions with merchant Project developers and their co-development partners; (ii) investments in mezzanineloans and other debt investments to fund qualified Projects; and (iii) investments in real estate operating companiesdeveloping Projects within the Capitol Area Regional Center.

Co-Development and Re-Development Projects. The Manager believes that the real estate market within the CapitolArea Regional Center will support substantial investment in numerous planned development and re-development Projects. Asa result, each Fund will target development and re-development opportunities that have attractive risk-reward characteristics.The Principals have significant experience in the development and financing of real estate assets, which they believe willprovide each Fund with a competitive advantage in identifying, negotiating, executing and exiting these types of Projectinvestments. The Principals have experience in the financing and development of multi and single-family rental and for salehousing, senior housing, hotels, infrastructure, sports facilities, industrial, retail and office assets.

Confidential Page 5 of 13The Poplar Point Project. One example of a potential Project that meets our investment criteria and that is planned fordevelopment or redevelopment within the Capitol Area Regional Center is the proposed Poplar Point mixed use project, to belocated within Washington, DC, along the Northern boundary ofthe Ward 8 District on the South bank of the Anacostia River,approximately .75 miles south of the US Capitol Building. Phase Iof this multi-phase project is expected to be developed at anestimated total cost of $1.4 billion on the eastern portion of a 155acre site of land along the river front, and, when completed,contain over 8.0 million square feet of newly constructedresidential, retail and office space, plus a 35,000 seat outdoorsports and entertainment complex, an adjacent 600 room luxuryhotel and conference center, and various above and below groundparking and other infrastructure (See Preliminary Site Concept, atright). Based on a preliminary economic impact and planningreport (an “Implan Report”) completed by independent economicconsultants, the Poplar Point Project, if fully developed ascurrently planned, will create more than 8,000 direct and indirect jobs. Mr. Sears, one of the Managing Principals of theManager, has been a consultant to the potential developer, DC United Holdings, LLC (“DC United”), has been involved withthe planning for the project and, although no agreement has been signed, has had preliminary discussions with principals ofDC United regarding the potential for investment by the Fund.

The Southeast Federal Center. A second area within the TEA area within Washington, DC is located north of the PoplarPoint Project site on the opposite bank of the Anacostia River in theneighborhood known as the Southeast Federal Center. This area hasexperienced substantial new investment over the last several years, withapproximately 6.6 million square feet of mixed use development andredevelopment currently planned or under construction. CARc and theManager believe that opportunities for Project investment can beattractively negotiated within the Southeast Federal Center district,where $1.5 billion in properties are slated to be developed and re-developed over the next several years.

The Watergate Hotel and Condominium Project. The Watergate, located at 2650 Virginia Avenue, NW, is one ofWashington’s most recognizable and internationally well known mixeduse properties. Its current owner, Monument Realty Company, is planningon a major renovation to the property, including a full upgrade of theinteriors and infrastructure within the complex, which is comprised ofover 185,000 square feet of office, residential and hotel space overlookingthe Potomac River and adjacent to the famed Kennedy Center for ThePerforming Arts. According to The Development Report-2006/2007Edition, published by the Washington, DC Economic Partnership, theowner’s planned redevelopment of the Watergate will entail $100 millionin renovations. The Manager has held preliminary meetings with theowner and potential redevelopment partners regarding the potential forinvestment by a CARc sponsored Fund in a proposed redevelopment of the Watergate Hotel, which would include asubstantial renovation and rebranding of a portion of the hotel, as well as conversion and renovation of some of the units forresale as luxury condominiums.

The Old Convention Center Project. This $1 billion mixed use Project isscheduled to begin construction in 2008 at the 10.2 acre site of the oldWashington, DC Convention Center, which was razed to make room forthis Project. The development rights to the property were awarded to ateam led by the Hines Company, which was founded in 1957 by GeraldHines and is today one of the largest privately owned real estatedevelopment companies in the world. With international offices in 16countries and 93 cites around the globe, the Hines portfolio of projectscompleted and under way consists of almost 900 properties includingskyscrapers, corporate headquarters, mixed-use centers, industrial parks,medical facilities, and master-planned resort and residential communities.Currently, the firm controls assets valued at approximately US$13.5 billion. The Co-Developer, Archstone-Smith, owns and

Confidential Page 6 of 13operates a portfolio of high-rise and garden apartment properties throughout the US, including over 18,000 units in thegreater Washington DC metro area. Principals of the Manager have met with Hines to discuss the potential for investment inthe Project by a Fund. Plans for the Project currently include 280,000 square feet of retail space; 450,000 square feet of officespace; 690 units of rental apartments and condominium housing, and on-site parking for some 1,700 vehicles, all housedwithin nine buildings. In addition, the Project design team, which is being led by Sir Norman Foster’s Foster and Partners(London, England), envisions an urban streetscape setting, including civic and open spaces, a park, public plaza, pedestrianalleys lined with shops, and 111,000 of space reserved for public use, which may include a new public library on one cornerof the site.

Mezzanine Loans and Other Debt Investments. A Fund may invest in mezzanine loans and other debt instruments for all ora portion of its investment in a Project, provided such instruments, together with the Fund’s other Project investment, provideit with attractive levels of current income and risk adjusted returns. The Manager believes that recent market trends withinthe Capitol Area Regional Center will result in opportunities for the Fund to provide mezzanine or junior debt to help financeacquisitions, recapitalizations and development Projects.

Investments in Real Estate Operating Companies. The Manager believes that selected direct investments in privately-heldreal estate development and operating companies within its target market may represent attractive investment opportunities asthey combine the favorable characteristics of real estate investing with the potential value creation of traditional privateequity investments. This strategy is attractive because it may increase the alignment of interests between the Fund and its co-development partners and allow the Fund to play a larger role in guiding the business strategy of these partners. Such privatecompany investments may be attractive investments as they can provide multiple exit scenarios, including asset dispositions,initial public offerings or mergers with other companies. The Fund’s operating company strategy may include the financingor recapitalization of both existing and newly formed private real estate operating companies.

Investment Strategy

In reviewing investment opportunities, the Manager employs an investment approach that permits it to focus onmaximizing returns while minimizing downside risks. This investment strategy provides us with the flexibility to pursue themost attractive risk-adjusted investment opportunities available within the Capitol Area Regional Center and, subject to ourcore objective of meeting or exceeding the EB-5 Program requirements, to enter and exit the market as economic conditionschange. Key elements of this strategy include (i) constructing an investment portfolio diversified by asset type, locationwithin the Capitol Area Regional Center, and risk-return profile; (ii) focusing institutional quality late stage investmentopportunities with solid community support and strong market feasibility; (iii) pursuing privately negotiated transactions withdevelopment partners having successful track records; (iv) active participation of the Principals and (v) leveragingrelationships with local governmental officials, community leaders and proven real estate professionals, entrepreneurs andoperating companies.

Construct a Diversified Investment Portfolio. Each Fund will target a range of investments in single and multi-usereal estate assets, joint ventures and operating companies within the Capitol Area Regional Center, investment type, assetclass, development lifecycle and risk return profile. The Principals believe that investing in a diversified portfolio can reducethe overall risk level of the portfolio without overly sacrificing return potential. In addition, by targeting a diversifiedportfolio rather than focusing on a specific asset class or sub-market, each Fund will retain the flexibility to pursue the mostattractive risk adjusted investment opportunities when they materialize and to enter and exit sub-markets as conditionschange.

Focus on Institutional Quality Real Estate. CARc sponsored Funds seek to invest in institutional quality real estateProjects located within the Capitol Area Regional Center that individual investors would rarely have an opportunity to invest.The Manager believes that the planned size, legal and financial structure will allow CARc sponsored Funds to be an attractivealternative source of capital for projects in late stage pre-development and thus to the development partners it will seek out.The Manager will exploit this advantage on behalf of its managed Funds and their individual Investors.

Pursue Privately Negotiated Transactions. We do not target large, public auctions of properties, but instead seek totake advantage of the Principals' network of contacts with experienced development teams and professionals within theCapitol Area Regional Center to generate privately negotiated investment opportunities for our investors. In addition, we maypursue transactions and situations made less competitive due to financial, legal, tax or other complications that may detercompeting bids. These situations typically offer the potential for higher investment returns than opportunities that are mass-marketed or highly competitive.

Due to our Fund’s structure, the Manager believes that it is able to be more flexible in negotiating term sheets,conduct due diligence in a more timely manner and close transactions in a more timely fashion than its competitors. We havealready generated a number of attractive investment opportunities that we believe can be consummated through privatelynegotiated transactions at attractive rates of return. The Principals have already begun to receive unsolicited inquiries frompotential development partners interested in discussing the terms upon which a CARc sponsored Fund might be willing toinvest.

Confidential Page 7 of 13Partner with Proven Real Estate Professionals. Recognizing the importance of local market and product specific

knowledge, we maintain close relationships with leading real estate entrepreneurs and real estate operating companies withestablished track records of success located throughout the country. This network provides us with an advantage in sourcingand executing transactions as well as the market intelligence required to make informed and accurate investment decisions.This will help ensure a flow of high quality investment opportunities, particularly as we believe our Funds will oftenrepresent the preferred source of equity capital for prospective partners. In addition, these strategic relationships provideadditional capability to operate and manage Fund investments effectively and efficiently.

Active Participation of Principals. The Manager is focused on creating value for our Investors through the activeparticipation of its experienced Principals in the management of the portfolio. An integral component of the Principals'investment strategy is to take an active role in the management of each investment. In addition to their principal investingexperience, both Mr. Sears and Mr. Tung have significant hands-on real estate operating, management and developmentexperience. The Principals believe this experience further differentiates the Fund from other investment managers that oftenconsist of investment and finance professionals who lack direct operating experience. Upon consummation of an investment,the Fund’s Manager will monitor the performance of its investments, local market conditions and general real estate andfinancial market conditions as well as various value realization and exit alternatives available to the Fund.

Use of Leverage. Each Fund will generally employ leverage at the Project level in order to increase its purchasingpower and enhance investment returns. The level of leverage will likely vary by investment based on the investment's risklevel and cash flow characteristics, expected holding period and appreciation potential. As value is created and cash flow isstabilized, the Fund may seek to refinance debt to return investment equity or enhance yields and cash flow. The Fund’sManager maintains relationships with a network of lenders and other debt providers throughout the country, which it expectswill provide the Fund with the ability to obtain debt financing on terms that best meets the needs of each investment.

Alignment of Compensation. A major component of the Fund’s investment strategy is structuring investments sothat the interests of all parties are aligned. In joint ventures, the Fund’s strategic operating partners will generally becompensated through performance-based methods and are encouraged to make meaningful co-investments. In addition, ClassB Interests in each Fund will be held by affiliates of the Manager and are structured so that a substantial portion of theManager’s total compensation is incentive-oriented. That is, it will not be received unless and until after the related Fundreceives distributions and other income from its investments at least equal, after Fund Expenses, to 100% of the ContributedCapital of the regular Class A Members.

Investment Process

The Manager intends to operate each Fund in a manner consistent with its disciplined and selective approach to theprocess of analyzing, structuring and exiting investments, as described below.

Investment Due Diligence. The Manager has a highly disciplined and selective approach to the process of sourcing,evaluating, executing, managing and exiting investments that incorporates "best practices" from institutional andentrepreneurial real estate investing as well as commercial banking, investment banking and private equity industries. TheManager will be selective in its investment decisions and actively involved in the management of each Fund’s investmentportfolio in order to leverage its expertise, lower risk and increase returns. The Manager will leverage its strategicrelationships in conducting due diligence and, when necessary or appropriate, bring in outside legal, accounting, tax or otheradvisors to assist in this process.

Structuring Investments. The Funds will employ a variety of investment and legal structuring techniques to limitrisk and maximize returns. Generally, a Fund’s investments will be acquired in joint ventures with select developmentpartners, although in certain instances, some investments may be made directly by the Fund. A Fund’s investments willgenerally be structured such that the Fund will act as the lead investor but may, in certain circumstances, participate as a co-investor with other private equity sponsors. The Manager believes that a control position facilitates its ability for valuecreation by influencing strategic decisions, including decisions regarding design, marketing, financing, approving andsupporting major capital budgeting initiatives and determining exit strategies. The Manager will seek to structure the Fund’sinvestments in order to avoid the need to register as an investment company under the Investment Company Act of 1940.

Exiting Investments. The Funds will follow a disciplined exit strategy in order to maximize returns. Whileperforming initial due diligence, as well as throughout the life of an investment, the Manager will regularly monitor exitalternatives to determine the appropriate time to pursue value realization. The Manager intends to balance the opportunity forhigher returns with the risks associated with a longer holding period and will look to achieve liquidity for investmentsgenerally over a five to seven year time period. The Manager will use its network of industry contacts to monitor variousvalue creation opportunities available to Fund investments. The Manager will actively monitor the financial progress of itsProject investments as well as the general and local real estate and financial markets in order to determine the appropriatetime to exit the investments to maximize value.

Confidential Page 8 of 13Sources of Deal Flow

The Principals have developed broad industry relationships in the real estate, finance and business communities overthe course of their careers that they expect will provide the Funds with a healthy deal flow. The Manager has already beenapproached by real estate developers within the Capitol Area Regional Center to provide capital to finance their developmentprojects. The Manager expects this activity to increase once a Fund is subscribed, thereby providing a steady flow ofattractive, and in some cases, proprietary investment opportunities. In addition, with over 90 years of collective real estateand financial experience, the Principals bring a valuable network of relationships to the Funds. As a result of theserelationships, the Manager expects that it will be shown a large number of attractive investment opportunities as a preferredinvestor. The Manager maintains relationships with domestic and foreign commercial and investment banks and otherfinancial institutions as well as with real estate developers, investment managers, real estate operating companies and otherowners of real estate. In addition, the Principals maintain relationships with a broad range of real estate brokers and legal andaccounting professionals, which the Manager believes will allow the Fund to source investment opportunities on a privatelynegotiated basis.

Prior Investment Performance

The following table presents information relating to the estimated gross internal rates of return (IRR), ranging from8.3% on a senior debt position to over 70% IRR on a leveraged equity, that have been realized on real estate relatedinvestments managed by John Tung, a Managing Principal of GCMA, the Manager of CARc sponsored Funds. The resultssummarized below are for since first establishing his practice as an independent investment advisor. Mr. Tung’s resume isbelow under “FUND MANAGEMENT- Principals- John Tung.” Past investment performance does not guaranty futureresults and the CARc sponsored Funds may not achieve gross returns similar to those experienced by Mr. Tung in the past.However, the investment strategy that the Manager will employ on behalf of the CARc sponsored Funds within the CapitolArea Regional Center will use similar techniques to those used by Mr. Tung, and the Manager therefore expects to achievegross returns consistent with the application of this approach under current market conditions.

Summaryof Estimated Investment Performance- John Tung, Investment Manager/Advisor*

Asset Class Name of Transaction Location Type of Investment

Year of

Investment

Total Project

Cost (US$Mil)

Amount

Invested

(US$Mil)

Estimated IRR

(%)**

1 Office Watts Civic Center Los Angeles, CA Sr. Debt 1994 6.4 4.7 8.4%

2 Office Journal Square Newark, NJ Sr. Debt 1994 20 15.5 8.6%

3 Office/Distribution National Archive Center Philadelphia, Pa. Equity 1994 18.2 18.2 11.0%

4 Condo Conversion Hermitage Chicago, Il Equity 1996 26.0 3.1 73.0%

5 Senior Living Rental Residential Resorts Vernon Hills, Il. Participating Debt 1997 41.0 37.3 9.0%

6 Condominium FlorsheimBuilding Chicago, IL Equity 1997 30.5 6 20.0%

7 Retail Center GatewayShopping Center Brea, CA Participating Debt 1998 32.0 18.5 19.0%

8 Residential Rental Ovaltine Court Vila Park, IL Equity 1998 42.0 38.9 12.7%

9Townhomes &

Condominiums Lincoln Ridge Skokie, IL Equity 1998 24.0 3.5 18.5%

10Office to Residential

Rental Conversion The Bell Building Philadelphia, PA Participating Debt 1998 37.4 24.0 15.0%

11 LuxuryResidential Westside Commons Philadelphia, PA Sr. Debt 1999 44.0 40.0 8.4%

12 Industrial Unisource Distribution Center San Diego, CA Participating Debt 1999 7.5 5.4 10.5%

13 Hotel Development Santa Clara Hilton Santa Clara, CA Sr. Debt 1999 33.0 20.0 8.5%

14 Office Acquisition One Woodfield Schaumberg, Il. Equity 1999 24.0 24.0 9.0%

15 Office Acquisition Four Woodfield Schaumberg, Il. Equity 1999 18.3 18.3 11.0%

16 Residential Rental 91 Sidney Cambridge, MA Mezzanine Debt 2000 44.5 12.5 16.0%

17 Biotech Office NJ Technology Center NewBrunswick, NJ Equity 2001 44.0 27.0 12.0%

18 Mix-Use Development Gallery Place Washington, DC Equity 2002 320.0 29.0 18.0%

19Residential Rental &

Condominiums Rollins Square Boston, MA Sr. Debt 2002 42.0 27.3 6.0%

20 LuxuryResidential The Shoreham Chicago, IL Equity 2004 113.0 24.0 47.0%

21 Land Development Lake Shore East Land Chicago, IL Sr. Debt 2005 165.0 70.0 8.3%

22 LuxuryResidential The Tides Chicago, IL Equity 2006 146.5 22.5 13.7%

Totals (Mil) $1,279.3 $489.7

17.7%

9.9%

13.3%

*Since establishing independent advisorypractice. Historical results are not a prediction of future returns.**IRR's indicatedare estimatedat fair market value through earlier of dateof saleor transfer fromCornerstone Advisors.

Dollar Weighted Average IRR- All Investments

Dollar WeightedAverage IRR- EquityOnly

Dollar Weighted Average IRR- Debt Only

Confidential Page 9 of 13FUND MANAGEMENT

The Manager of the CARc sponsored Funds, Global Capital Markets Advisors, LLC (the “Manager”, or“GCMA™”) is located at 113 South Saint Asaph Street, Suite 100, Alexandria, VA 22314, and may be reached by telephoneat 1-703-659-0897, by facsimile at 1-703-635-7873, or by email at info@gcmafunds.com. Its internet address iswww.gcmafunds.com. GCMA is led by a team of highly experienced and accomplished professionals with extensive realestate, investment and commercial banking and private equity experience (the "Principals"). Two of the three Principals, Mr.Sears and Mr. Tung, have been associated with CARc since its inception and have worked closely together executing andmanaging real estate investments on behalf of certain institutional investors. The third Principal, Mr. Kolodner, has beenassociated with Mr. Sears for nearly thirty years as a client, a colleague and a business associate, and has been instrumental instructuring the Funds and in preparing for the start of Fund operations. The Principals bring to our sponsored Fundssignificant investment management, operational, finance, transactional and advisory experience, directly related to the realestate industry and a considerable network of contacts in the real estate and financial industries. Throughout their careers, thePrincipals have been involved in sourcing, evaluating, structuring and executing hundreds of transactions throughout theUnited States.

Principals

Michael R. Sears, 55. Mr. Sears has nearly 35 years experience in all facets of real estate development and finance.He is the co-founder of CARc and the founder and Managing Principal of GCMA, the manager of CARc sponsored JOBFunds. Mr. Sears has operated or been a senior executive of a number of companies providing financial advisory, investmentmanagement, banking and development services to domestic and international investors and corporations, as well asgovernments and government sponsored enterprises. His investment, finance, development experience and focus includeurban mixed use real estate, hospitality, sports and entertainment facilities.

Until January of 2006, when he resigned to further develop the CARc JOB Funds, Mr. Sears was the ManagingDirector for GMAC Commercial Holding Capital Markets’ New York City and Washington, DC offices. There he initiatedand/or managed $ billions of commercial loans and equity investments in a wide variety of real estate backed transactions.At GMAC he worked closely with high net private investors, institutional investors and lenders; as well as with domestic andforeign governments. His commercial finance projects in Washington, DC included the Washington DC National’sprofessional baseball stadium and Gallery Place; as well as the financing of the Time Warner Center and origination of thefirst commercial mortgage issued after 9/11/2001 in New York City.

Prior to joining GMAC in 1998, Mr. Sears was the Manager of the Bear Stearns investment banking offices inWashington, DC. He began his career at Bear Stearns in 1992, during which time he was integrally involved in structuringand selling commercial mortgage backed securities and municipal bonds nationwide; as well as providing asset managementservices to commercial mortgage bankers throughout the US. While at Bear Stearns, Mr. Sears administered developmentand growth of the company’s first commercial mortgage conduit; the creation of the first government sponsored enterprisemortgage backed security; and other innovations in tracking and analyzing the performance of commercial mortgaged assets.

From 1982 and until 1992, Mr. Sears was an independent financial advisor to high net worth private individuals,public and private corporations and commercial banks. During this period he structured and arranged debt and equity forinvestment in the real estate, agribusiness and natural resources industries. Projects Mr. Sears managed included the sale andpurchase of a Castle and Cook (now Dole Foods) business unit; and a variety of residential, commercial and industrialdevelopments throughout the states of California, Colorado and New York.

Mr. Sears began his real estate development and finance career in 1973 as a public servant. Initially, Sears served asan Assistant to the President of the New York State Urban Development Corporation (“UDC”), which was founded by thenGovernor Nelson Rockefeller. While at the UDC, Mr. Sears worked on complex real estate development and finance projectsincluding Battery Park City, Roosevelt Island, industrial condominiums, and mixed income housing developments in NewYork City and throughout the state of New York. These projects comprised in excess of 15,000 housing units, and over 2.0million square feet of retail, commercial and civic development.

In 1975, Mr. Sears continued his career in government as the founder and President of the Denver HousingCorporation (“DHC”), a special purpose public benefit corporation. While at the DHC, Sears managed the City of Denver’sOlympic Housing Development program. During his tenure in Denver, he built over 3,000 residential for sale and rentalunits and several mixed use projects, and established the framework for the development of mixed use housing in downtownDenver.

A native of Tulsa, Oklahoma, Mr. Sears attended Columbia University, McGill University and graduated in 1975from the University of Denver with a Bachelor of Liberal Arts. Over his career, Mr. Sears has been a frequent lecturer onreal estate development and finance at business symposiums and universities. These include the Institute of Real EstateManagement, Mortgage Bankers Association, National Multifamily Housing Conference, National Association of Housingand Redevelopment Officials, National Leased Housing Association, National Housing & Rehabilitation Association, NewYork Law Journal Continuing Legal Education Seminars, New York University, University of Colorado and Harvard

Confidential Page 10 of 13Graduate School of Design. Mr. Sears also serves on the boards of several industry trade associations and is a board memberand Chairman of the Audit Committee of Montgomery Realty Group, a public company headquartered in San Francisco,California.

John Tung, 55. Mr. Tung has over 30 years of real estate and investment management and banking experience andhas executed real estate investment transactions valued well in excess of $7 billion. He is a founding Principal of CARc, andsince 1995 has been a managing principal of Equibase Capital Advisors, Inc. (formerly Cornerstone Advisors), a privateChicago based real estate investment management company serving high net worth individuals, institutional investors andpension funds. At Equibase Mr. Tung is responsible for structuring, organizing, and managing private real estate investmentsand investments for key pension fund clients, including the AFL-CIO Building Investment Trust.

Prior to joining Equibase, Mr. Tung was the managing director of Oryx Capital, a boutique private equity firm thathe co-founded along with Cornerstone Advisors, its real estate investment affiliate. Prior to founding Oryx Capital andCornerstone Advisors, from 1986 to 1995 Mr. Tung was Senior Vice President and Group Executive for Financial Servicesof Draper & Kramer, a leading Chicago-based real estate investment and management firm, where he was in charge of thecommercial finance and pension fund advisory businesses. During his tenure at Draper & Kramer, Mr. Tung developed itspension fund advisory business from zero in assets under management to over $300 million; he was named one of four U.S.Government appointed members to The Resolution Trust Corporation’s Settlement and Workout Teams (RTC SWAT),which were authorized by the US Congress to resolve complex credit litigation or loan claim cases before the RTC up to$100 million. Mr. Tung was also a consultant to VMS REITs on strategic real estate direction in workout situations, and areal estate strategy consultant to the John D. and Catherine T. MacArthur Foundation. At Draper, Mr. Tung’s groupconsummated over $5 billion dollars in total financial debt and equity transactions with consistent year to year growth inoverall business.

Prior to joining Draper & Kramer, Mr. Tung was from 1982 to 1986 Executive Director of Investments for the KuoGroup, a private investment group in New York. At Kuo, Mr. Tung was responsible for originating, negotiating, financing,and closing of its investments, which included the acquisition and financing of the Inn on the Park, London, England; theformation of a joint venture with Four Seasons Hotels for the management of selected hotels in Asia; and the acquisition of a100% interest in London & Pacific Trust, including securing a deposit taking license from the Bank of England. Prior to hiswork at Kuo, from Mr. Tung was Chief Financial Officer for the International Petroleum Refining & Supply subsidiary ofHamilton Oil Company, a Denver, Colorado based natural resources company. He began his professional career in 1976 atthe Chase Manhattan Bank in New York, where he was a Vice President and Team Leader responsible for covering UScorporate crude oil trading companies. While at Chase, Mr. Tung was also an instructor in the Chase Credit TrainingProgram.

Mr. Tung has authored and published professional articles in Real Estate Review, The Journal of Real EstateResearch, and in Real Estate Finance Journal. Mr. Tung received his Master in Business Administration degree from theUniversity Of Chicago Graduate School Of Business in 1976, and received a Bachelor of Science and Engineering degreeupon graduation from Princeton University in 1974.

Michael L. Kolodner, Esq. 57. Mr. Kolodner is the Managing Member of Goose Hill Capital, LLC (“GHC”), aprivate consulting and advisory firm he founded. He is also a Managing Principal and a co-founding member of GCMA, theManager of the CARc sponsored Funds. He has over 35 years of experience in real estate development finance, securities,structured finance, investment management, private equity and investment banking. His career began in the affordablehousing finance industry in 1975, when he was the senior Multi-Family underwriter for the Maryland Housing Fund, the firststate mortgage insurance fund ever approved by FNMA. Since that time, Mr. Kolodner has played key roles as leadinvestment banker in structuring literally billions of dollars in bond transactions to finance housing for state and local housingagencies across the U.S., including state or local agencies in Arizona, Colorado, Delaware, Florida, Georgia, Idaho,Maryland, New Jersey, New York, Puerto Rico, and the Carolinas. He pioneered the creation and use of tender option bondsto lower the cost of municipal capital, and is a recognized expert in the use of innovative structured finance transactions toachieve enhanced marketability and low cost funding for public and private sector clients in both the primary and secondarybond markets. During his career, Mr. Kolodner has advised such diverse companies as, AMBAC, CAPREIT, Castle Harlan,CIGNA, Fidelity, First Interstate Bank, Ford Credit, FGIC, Marine Midland Bank ( then a US subsidiary of HSBC Bank, theFund’s depository bank), MBIA, Northwood Ventures, the Philadelphia Savings Fund Society (PSFS), SusquehannaInternational Group and the United States Tennis Association (USTA).

Between 2001 and the present, Mr. Kolodner has also provided legal, private investment and advisory services toseveral private start-up companies, two of which he helped found. Since 2003 he has served as a Director and strategicadvisor to these two manufacturing companies, both of which provide direct mail printing and mailing services to Fortune500 clients and their advertising agencies, and which in 2006 had combined revenues in excess of $28 million. Mr. Kolodneris also the founder of Goose Hill Energy Partners, LLC, a private company managed by GHC that was formed to makeinvestments in emerging renewable energy technologies. In 2006, Mr. Kolodner was a strategic advisor to and led therestructuring and leveraged recapitalization of a private early-stage company developing a patented zero emission technologyto produce and market commercial quantities of electrical energy from the gasification of municipal waste streams. Currently

Confidential Page 11 of 13constructing a proof-of-concept facility in New Bedford, Massachusetts, this company has continued to attract investmentcapital from large venture capital firms and strategic investors.

From 2003 to 2005, Mr. Kolodner was a Senior Investment Banker (New York) and Member of the CreditCommittee of BOSC, Inc., the wholly owned investment banking subsidiary of Bank Oklahoma Corp., and an affiliate of theBank of Oklahoma. At BOSC, Mr. Kolodner was responsible for coordinating investment banking transactions for ruralrental housing, waste-to-energy and other projects. Prior to joining BOSC as an officer, Mr. Kolodner was a specialconsultant to another financial services firm responsible for developing new products, including a novel bond financeprogram for rural rental housing, and a series of closed end equity and bond funds.

Between 2000 and 2001, Mr. Kolodner was Chief Financial Officer at Carret Holdings, Inc., New York, a portfoliocompany of Castle Harlan, Inc., and the parent of a registered investment advisory firm serving high net worth individuals,foundations and pension funds. Reporting directly to the Chairman, he was responsible for overseeing the legal andoperational reorganization of the operating unit, for establishing and negotiating revolving bank credit lines and forimplementing its growth through acquisition strategy. While at Carret, Mr. Kolodner expanded the company from a singleoffice to a fully integrated firm having 5 offices in 4 states, thereby doubling assets under management to nearly $2 billion.

Before his work at Carret, Mr. Kolodner was a Senior Banker at Susquehanna Investment Group (now SusquehannaInternational Group), one of the largest proprietary equity and derivative trading firms in the world. Originally hired as aconsultant, Susquehanna hired Mr. Kolodner to create a novel structured derivative finance program for one of its proprietarytrading operations, and to negotiate and structure commercial bank trading lines to support its leveraged trading activities.While at Susquehanna, he successfully implemented a structured finance program, managed the activities of SusquehannaStructured Products, LLC, its special purpose finance subsidiary, and also assisted in sourcing and closing private equityinvestments in public companies on behalf of Susquehanna.

Prior to joining Susquehanna in 1998, Mr. Kolodner spent more than 16 years as in municipal investment banking,most recently as a Managing Director at Bear Stearns & Co. Inc in New York, where for six years he was responsible for newproduct development, structuring and pricing, and for establishing and running its Municipal Capital Markets Desk. Prior tohis work at Bear Stearns, Mr. Kolodner was 1st Vice President and a Director of Matthews & Wright Group, Inc. and itsbrokerage subsidiaries, where he was responsible for new product development and municipal investment banking on behalfof many of the firm’s major state housing agency clients. He was also CEO of Merritt Forbes & Company, Inc., a specializedbroker-dealer subsidiary he founded in order to issue the first over-the-counter options on municipal bonds, and managed thesuccessful IPO of the parent firm and its listing on the American Stock Exchange.

Mr. Kolodner is a member of the NYS Bar Association, is admitted to the practice of law in New York, and hasbeen licensed as both a General and Municipal Securities Principal by the NASD and various states and securities exchangesin the US. He has been active in various securities industry and housing professional and trade organizations, including theCashiers Association of New York; The Bond Market Association and the National Leased Housing Association, and hasserved on the Boards of numerous not-for-profit civic, social and educational organizations. Mr. Kolodner received his JurisDoctor degree from New York Law School in 1980 and a Bachelor of Arts degree from the University of Maryland-Baltimore County in 1971.

Professional Service Providers

Escrow Agent and Depository Bank. HSBC Bank USA, N.A., (“HSBC”) has agreed to act as Escrow Agent forthe Fund and to provide certain depository and other banking services to CARc and the Fund, including acting as the primarycapital account depository for the Fund and providing wire transfer, temporary investment and other cash managementservices. HSBC is a wholly owned subsidiary of HSBC USA Inc., which is a wholly owned indirect subsidiary of HSBCHoldings plc, reported to be one of the five largest banking groups in the world. HSBC is part of an international networkthat comprises approximately 10,000 offices in 82 countries and territories in Europe, the Asia-Pacific region, the Americas,the Middle East and Africa. Its shares are publically listed on the London, Hong Kong, New York, Paris and Bermuda stockexchanges. The long term/senior credit of HSBC is currently rated AA by Standard and Poor’s, Aa2 by Moody’s InvestorsService and AA by Fitch, and such rating agencies currently rate its short term obligations as P-1, A-1+, and F-1,respectively.

Fund Administration & Reporting. The Fund has engaged Woodfield Fund Administration LLC (“Woodfield”) toprovide various accounting and administrative services including preparation of the Fund’s monthly accounting reports andinvestor statements and the processing of subscriptions and redemptions. Woodfield specializes in providing administrativeservices to domestic and offshore hedge funds, fund of funds, commodity pools, unit investment trusts, real estate funds,private equity funds and other types of private investment funds. Woodfield and its predecessor companies have providedthird party accounting and fund administration services to investment funds since 1977. Woodfield is located in RollingMeadows, IL, a suburb of Chicago. The Manager, on behalf of the Fund, expects to hire or retain other professional serviceprofessionals or firms to provide the Fund with accounting, reporting and tax preparation services.

The information herein concerning Woodfield, HSBC and HSBC Holdings plc is furnished solely to provide limitedinformation regarding Woodfield and HSBC in their respective roles as administrator and as Escrow Agent and depository

Confidential Page 12 of 13for the Fund, respectively. Such information could change prior to the definitive offering of a Fund and does not purport to becomprehensive. More detailed information regarding HSBC, its parent and other members of the HSBC Group of companiesmay be found by visiting www.hsbc.com. Additional information regarding Woodfield may be obtained by visiting their website at www.woodfieldllc.com. Detailed information concerning the persons or firms hired or retained to provide tax,accounting and reporting services to each Fund will be provided to potential investors in the related private placementmemorandum.

HSBC has not approved, endorsed or passed upon the merits of any Fund investment and has not otherwise agreedto be involved in any manner other than as Escrow Agent and depository. As Escrow Agent and depository, HSBC’sobligations are limited to accepting moneys delivered to it with respect to a Fund, and to invest and disburse such moneyseither in accordance with the Escrow Agreement or, in its capacity as depository, upon written instructions received from theManager, as applicable.

INVESTMENT CONSIDERATIONS

The Principals believe there are a number of benefits that make a CARc sponsored Fund an attractive investment option formany investors. A selection of these benefits includes:

Positive Real Estate Fundamentals. The Principals believe certain real estate investments offer compelling benefitsfor Potential Investors, which makes this asset class an attractive component in a diversified investment portfolio. Real estateinvestments represent an excellent opportunity for Potential Investors seeking cash-on-cash returns, low volatility and lowcorrelation with the equity markets, the opportunity for long-term capital appreciation and an attractive hedge againstinflation. The Principals believe that despite the large inflow of capital into the real estate sector in the Washington metroarea during the last several years, a highly attractive real estate investment environment continues to be available toinvestment managers with a flexible Fund structure, real estate and finance expertise, the ability to find viable investmentopportunities and to generate attractive investment returns.

Experienced Management Team. The CARc sponsored Fund is managed by a team of highly experienced andaccomplished real estate and investment professionals. Two of the three Principals, Mr. Sears and Mr. Tung, have beenassociated with CARc since inception and have worked closely together executing and managing real estate investments onbehalf of certain institutional investors. The third Principal, Mr. Kolodner, has been associated with Mr. Sears for nearlythirty years as a client, a colleague and a business associate, and has been instrumental in structuring the Fund and inpreparing it for the start of its operations. The Principals have extensive experience in the real estate, investment banking andasset management businesses, and bring to our Funds significant transactional, advisory, operational and principal investingexpertise and extensive relationships directly related to the real estate and finance industries. In addition, throughout theircareers, the Principals have been involved in sourcing, evaluating, structuring and executing hundreds of transactions valuedin excess of $15 billion.

Compelling Investment Strategy. The Manager employs an investment strategy which it believes differentiates itfrom other real estate investment managers. This investment strategy provides a framework that the Manager believes willallow it to generate attractive investment returns while also giving it the flexibility to quickly capitalize on compellinginvestment opportunities in different asset classes or geographic sub-markets within the Capitol Area Regional Center. Inaddition, the emphasis on joint venturing with experienced real estate development companies and entrepreneurs coupledwith a selective investment focus and flexible structure will allow it to competitively pursue attractive investmentopportunities on terms that may not be available from traditional institutional investors.

Attractive Fund Characteristics. The Principals believe CARc sponsored Funds offer many compelling benefits forPotential Investors. Real estate investing generally is cost-prohibitive for many individual investors due to the large capitaloutlay required to acquire real estate assets. Our Funds provide Potential Investors with the opportunity to invest in real estateassets with a minimum initial capital account investment of $200,000 for Investors not seeking to immediately petition theUSCIS under the EB-5 Program, or a minimum of $1,000,000 ($500,000 with respect to TEA investments) for those that willseek EB-5 approval. Subject to the discretion of the Manager, subsequent investments in a Fund can be made by Investors,subject to a minimum investment of $50,000, which may afford Investors the opportunity to build up or add to their capitalinvestment over time. Further, subject to regulatory constraints and other considerations, each Fund will provide its Investorsthe ability, subject to the $25,000 minimum additional investment amount, to participate in a dividend reinvestment (“DRIP”)program and automatically reinvest distributions in the Fund. Finally, by offering Investors preferred investment status infuture CARc sponsored JOB Funds, Fund Members will have added flexibility to make future investments that coincide withtheir specific investment needs.

Strategic Alliances with "Best of Breed" Joint Venture Partners. Each CARc sponsored Fund is focused oncreating value by co-investing in Projects through joint venture partnerships with "best of breed" real estate development andoperating companies. The Funds will strive to be a reliable business partner with the highest level of integrity, with areputation for being able to respond rapidly to the unique needs of real estate entrepreneurs and privately-held real estateoperating companies. The Manager believes this will allow the Fund to develop strong relationships with local and nationalreal estate developers having expertise in all major real estate asset classes. The Manager expects to leverage this expertise

Confidential Page 13 of 13and local market knowledge, including the ability to access intensified property management, which the Manager believeswill provide the Fund with a competitive advantage in generating attractive investment returns for Investors.

Industry Relationships and Deal Flow. The Principals have developed broad industry relationships in the real estateand financial communities over the course of their careers and have already held preliminary discussions with a number ofpotential co-development partners interested in exploring opportunities with the Funds. In addition, the Principals reputationsas reliable business partners has allowed them to develop strong relationships with local and national real estate operators,brokers, lenders, accountants and attorneys who have historically provided the Principals with a pipeline of attractivebusiness opportunities. As a result of these relationships and their expertise and reputation within the real estate and financecommunities, upon initial closing of a Fund, the Principals expect to be shown additional attractive investment opportunitiesacross a wide range of asset classes within the Capitol Area Regional Center.

Value Creation through Active Participation. The Manager is focused on creating value for the Fund’s Investorsthrough the active participation of its experienced Principals in the management of its operations and investments. Anintegral component of the investment strategy is to take an active role in the management of each investment. In addition totheir principal investing experience, the Principals bring together significant hands-on real estate finance, operating,management and development experience. The Principals believe this experience further differentiates the Fund from otherinvestment managers that consist primarily of investment and finance professionals who may lack direct operating experienceor the range of expertise of the Principals. Upon consummation of an investment, the Manager will monitor the performanceof the Funds investments, local and general real estate and financial market conditions, as well as various value realizationand exit opportunities.

Disciplined Exit Strategy with Realized Investment Returns. CARc sponsored Funds will employ a disciplined exitstrategy in order to maximize returns for Investors. When performing initial due diligence and throughout the life of aninvestment, the Manager will regularly monitor exit alternatives to determine the appropriate time to pursue value realization.The Manager will balance the opportunity for higher returns with the risks associated with a longer holding period andexpects to achieve liquidity for investments over a three to seven year time period. The Principals will leverage their networkof industry contacts to monitor various value creation opportunities available to each Fund’s Project investments.

FOR ADDITIONAL INFORMATION

Persons interested in obtaining more information about CARc, the Manager or a CARc sponsored Fund shouldcontact Capitol Area Regional Center by calling 1-202-349-9848, by facsimile at 1-202-355-1399, or by email atinfo@eb5dc.com. CARc’s web site address is www.eb5dc.com.

CONFIDENTIAL INFORMATION

The information contained herein is confidential and intended only for use by persons who are “accreditedinvestors” under applicable securities laws. It may not be reproduced or copied without the express permission of GCMA orCARc, and may not be redistributed in any form to any person who did not receive it directly from GCMA, CARc or theirrespective authorized agents or advisors. “CARc” and “Capitol Area Regional Center” are trade marks of Capitol AreaRegional Center Job Fund, LLC. “GCMA” is a trade mark of Global Capital Markets Advisors, LLC. Neither “CARc,”“Capitol Area Regional Center” nor “GCMA” may be used without the express written permission of Capitol Area RegionalCenter, LLC or Global Capital Markets Advisors, LLC, respectively.