For purposes of this Privacy Notice, “we” and “us” means RRA Companies and its employees and agents. This Privacy Notice covers the personal information of individuals who are current and former clients of RRA Companies. The information you provide to us is important. This Privacy Notice is intended to provide you with a full understanding of the information we collect about you and our guidelines for sharing and safeguarding that information with others.
Confidentiality and Security
We consider the information we have about you to be confidential, including the fact that you are a client (unless you tell us otherwise). Your information will be handled in the manner described in this notice. We restrict access to information about you to those employees, officers, directors, investors, agents, attorneys, consultants and third parties who need to know such information, which may include assignees or successors to our loans and rating agencies and other financial institutions. We maintain physical, electronic and procedural safeguards that comply with federal standards to maintain the confidentiality of your information.
Information We Collect
At RRA Companies, we collect the following types of information about you:
- Information you provide on loan applications or loan agreements or other agreements you enter into in order to receive our products or services, including your name, address, social security number, and income;
- Information about your transactions with us; and
- Information from a consumer reporting agency (for example, your credit history or other facts relating to creditworthiness) or from other parties or sources such as public databases.
Third Parties to Whom We Disclose Information
We do not sell information about our current or former clients. We share or disclose information we collect about our current or former clients with third parties only as permitted by law. Some examples of legally permitted sharing or disclosures to third parties include:
- Sharing of information to properly manage our business. This includes sharing information to service your loans, to comply with laws, and for other routine business practices. For example, we may share information with third parties to process your transactions, to monitor your loans, to comply with court orders, or for tax reporting; and
- To other parties as authorized by you. You may direct us, for example, to send your information to third parties.
Unlike banks or institutional lenders, we do not share your information for marketing purposes. In the event we do ever intend to share your information for marketing purposes, we will do so on a limited basis and we will provide you with the opportunity to opt-out of such information sharing in accordance with federal law.
Web Site Terms and Conditions of Use
By accessing this web site, you are agreeing to be bound by these web site Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this web site are protected by applicable copyright and trade mark law.
2. Use License
Permission is granted to temporarily download one copy of the materials (information or software) on RRA Companies, LLC’s web site for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not:
- modify or copy the materials;
- use the materials for any commercial purpose, or for any public display (commercial or non-commercial);
- attempt to decompile or reverse engineer any software contained on RRA Companies, LLC’s web site;
- remove any copyright or other proprietary notations from the materials; or
- transfer the materials to another person or “mirror” the materials on any other server.
This license shall automatically terminate if you violate any of these restrictions and may be terminated by RRA Companies, LLC at any time. Upon terminating your viewing of these materials or upon the termination of this license, you must destroy any downloaded materials in your possession whether in electronic or printed format.
The materials on RRA Companies, LLC’s web site are provided “as is”. RRA Companies, LLC makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, RRA Companies, LLC does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet web site or otherwise relating to such materials or on any sites linked to this site.
In no event shall RRA Companies, LLC or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption,) arising out of the use or inability to use the materials on RRA Companies, LLC’s Internet site, even if RRA Companies, LLC or a RRA Companies, LLC authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you.
5. Revisions and Errata
The materials appearing on RRA Companies, LLC’s web site could include technical, typographical, or photographic errors. RRA Companies, LLC does not warrant that any of the materials on its web site are accurate, complete, or current. RRA Companies, LLC may make changes to the materials contained on its web site at any time without notice. RRA Companies, LLC does not, however, make any commitment to update the materials.
RRA Companies, LLC has not reviewed all of the sites linked to its Internet web site and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by RRA Companies, LLC of the site. Use of any such linked web site is at the user’s own risk.
8. Governing Law
Any claim relating to RRA Companies, LLC’s web site shall be governed by the laws of the State of Delaware without regard to its conflict of law provisions.
General Terms and Conditions applicable to Use of a Web Site.
The contents of this communication: (i) do not constitute an offer of securities or a solicitation of an offer to buy securities, and (ii) may not be relied upon in making an investment decision related to any investment offering by the issuing company, or any affiliate, or partner thereof (“RRA Capital“). With respect to the “targeted” goals and performance levels outlined herein, these do not constitute a promise of performance, nor is there any assurance that the investment objectives of any program will be attained. These “targeted” factors are based upon reasonable assumptions more fully outlined in the Offering Documents/Private Placement Memorandum (“PPM”). Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to any investment. These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption therefrom and from applicable state securities laws. Past performance and statements regarding current occupancy and earnings are no guarantee of future results. All information is subject to change. You should always consult a tax professional prior to investing. Investment offerings and investment decisions may only be made on the basis of a confidential private placement memorandum issued by RRA Capital, or one of its partner/issuers. RRA Capital does not warrant the accuracy or completeness of the information contained herein.
The RRA Capital (“RRA Capital Management”, “RRA Investment Management” or “RRA”) base and severe scenarios are based upon certain assumptions and analysis regarding future events and conditions, which may include reviews of an individual property’s most recent operating statements, lease rollover information, market trends and industry trends. The result of these reviews are used to adjust baseline assumptions made by RRA Capital regarding cap rates, rental rates and vacancy rates among different property types such as multifamily, retail, lodging, office and industrial. In the analysis performed by RRA Capital, a judgement is made relating to the likelihood and severity of mortgage default, extensions of maturity and future investment activity. Estimates are contingent upon market and specific asset factors which may not lead to projected returns and can result in lower return and a loss of capital. Additional details regarding RRA Capital scenario assumptions are available upon request.
There can be no assurance that the projected distributions will ultimately be achieved by the Fund. In addition, investors could lose all or a substantial amount of their investments in the Fund. RRA has made certain assumptions about spreads, default rates, interest rates, and the period of time for which an investor’s capital will remain invested. Actual events are difficult to predict and will be beyond the Fund’s control and may be different from those assumed. Actual returns of investors may be materially lower than those projected, depending upon the extent and manner in which actual market and economic conditions vary from those assumptions. Such projections involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. No representations are made as to the accuracy of such estimates or projections, or that all assumptions relating to such estimates or projections have been considered or stated, or that such estimates or projections will be realized. You should understand that conditions and events that are not noted above could have a significant impact on the performance of the Fund. The projections contained herein are inherently subjective, are based upon a variety of assumptions about future events and conditions and may use information available from various sources. No representation or guarantee is being made herein as to the future performance of the investments, that the investments will actually perform as described in any of the illustrative calculations, or that the projections set forth herein are the same as determined by RRA Capital for other purposes or other clients. Any information contained herein is necessarily illustrative and summary in nature and is not intended to predict actual results, which will differ, and may differ substantially, from the results presented herein. In addition, investors could lose all or a substantial amount of their investment. Additional information related to the methodology used herein, or the specific positions in the portfolio, will be provided upon request.
This is not an offer to sell or a solicitation to buy any security, investment product or any advisory service, nor do these materials constitute investment advice. Investments in our sponsored funds are offered pursuant to prospectuses or other offering memoranda that are available from us upon request. Information herein and documents provided may contain important information about a fund’s investment risks, fees and expenses and should be reviewed carefully in connection with any decision to invest. Any reproduction of this information, in whole or in part, is prohibited without the prior written approval of RRA Investment Management, LLC (“RRA Capital” or “RRA”). Neither RRA Capital nor any of its affiliates make any representation or warranty as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied upon as a promise or representation, whether as to past or future performance. The information set forth herein includes estimates, projections and significant elements of subjective judgement and analysis which RRA Capital believed to be reasonable when made. No representations are made as to the accuracy of such estimates or projections will be realized. Prior investment returns are not indicative of future performances.
Certain information presented herein or included in associated documents, including references to estimated investment returns, constitutes forward-looking statements within the meaning of U.S. federal securities law. Although RRA Capital believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Among other matters, RRA Capital has made various assumptions regarding interest rates, market cycles, default rates, commercial real estate fundamentals and predicted correlations among them. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those predicted. In particular, no assurance can be offered that any estimated investment return expectation will be achieved or that any referenced investment strategy will be implemented successfully. Information provided by RRA Capital is intended to be viewed solely by a sophisticated investor who has, or together with the investor’s professional advisor has significant experience in real estate-related assets. Any person reviewing this information is encouraged to discuss the limitations of the information provided , especially those relating to RRA Capital’s assumptions and relevant risks and uncertainties, both with RRA Capital’s representatives and any professional advisers retained by the reviewer.
Market values, net asset values and capital account values are based on information from one or more of the following sources: quotations from dealers, third party pricing services and market transactions of comparable securities. The historic values used are values used to calculate the Fund’s net asset value. To the extent the Fund’s net asset value reflects positions that are illiquid or otherwise difficult to value, RRA may apply its judgement and internal valuation procedures. These may differ from the value that would have been used had a broader market for the investments existed, and the differences could be material.
The information contained herein supersedes all previous such information received by you and may be superseded by information received by you hereafter.