Each property has a unique anticipated hold period, but we typically estimate a timeline of 5-7 years. During the hold period, we intend to distribute any Free Cash Flow in the form of dividend payments.

The determination of when to sell a property is made based on a series of relevant factors which may include: the prevailing and projected economic conditions, whether the property is anticipated to appreciate or decline substantially, and how any existing lease may impact the sales price we may receive. As a result, we may decide that it’s in the best interest of shareholders to sell a property earlier than five years or to hold a property more than seven years.

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