Disclaimer

INTERESTS IN MAGNOLIA REALTY ADVISORS ALPHA FUND HAVE NOT BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940. NEITHER THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION NOR ANY OTHER GOVERNMENTAL AUTHORITY HAS PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROMOTIONAL MATERIAL.

THIS WEBPAGE IS INTENDED AS AN OVERVIEW OF THE INVESTMENT PROGRAM OF THE FUND.  THIS WEBPAGE DOES NOT ENTAIL A COMPLETE REPRESENTATION OF THE TERMS & CONDITIONS OF THE OFFERING.  PLEASE REFER TO THE FUND’S CONFIDENTIAL OFFERING MEMORANDUM AND SUPPLEMENT FOR FULL DETAILS BEFORE UNDERTAKING AN INVESTMENT IN THE FUND.

THE DISCUSSION OF THE FUND’S INVESTMENT OBJECTIVE CONTAINED HEREWITH DOES NOT GUARANTEE THE FUND WILL ACHIEVE ITS OBJECTIVE, THAT THE INVESTMENT MANAGER’S STRATEGY WILL PROVE SUCCESSFUL, OR THAT MARKETS WILL BEHAVE AS THE INVESTMENT MANAGER ANTICIPATES. THE FUND MAY BE DEEMED TO BE A HIGHLY SPECULATIVE INVESTMENT AND IS NOT INTENDED AS A COMPLETE INVESTMENT PROGRAM. IT IS DESIGNED ONLY FOR SOPHISTICATED PERSONS WHO CAN BEAR THE ECONOMIC RISK OF THE LOSS OF THEIR ENTIRE INVESTMENT IN THE FUND AND WHO HAVE A LIMITED NEED FOR LIQUIDITY IN THEIR INVESTMENT.