Legal Disclosures

1. Investment Risks

Investing in fractional real estate ownership involves substantial risk. You should carefully consider the following risks before making any investment decision:

• Real estate values can fluctuate significantly and may decline
• Your investment is illiquid and may be difficult to sell
• Past performance does not guarantee future results
• You may lose some or all of your investment
• Property damage, natural disasters, or market conditions may affect value

2. Not a Securities Offering

Sweetgrass fractional ownership interests are not securities and have not been registered under the Securities Act of 1933 or any state securities laws. These interests are sold as real estate and should not be viewed as an investment contract or security. Each purchaser receives an actual ownership interest in a limited liability company that owns real property.

3. No Guarantee of Appreciation

While historical real estate data may show appreciation trends, there is no guarantee that any property will appreciate in value. Economic conditions, local market factors, property condition, and numerous other factors can affect property values. The 30% development gain mentioned in our materials is an estimate based on typical development margins and is not guaranteed.

4. Illiquidity Disclosure

Fractional ownership interests are highly illiquid investments. You should be prepared to hold your investment for an extended period. Key limitations include:

• No public market exists for fractional interests
• Sales are subject to right of first refusal by other owners
• Finding a buyer may take considerable time
• Sale prices may be substantially less than purchase price
• Transfer restrictions apply under the LLC operating agreement

5. Tax Considerations

Fractional ownership has complex tax implications that vary based on your individual situation. You should consult with a qualified tax advisor before purchasing. Considerations include but are not limited to: passive activity loss limitations, state and local taxes, depreciation recapture, and potential treatment as a second home or investment property.

6. Property Management Risks

While Sweetgrass provides professional property management, risks include:

• Management company performance may vary
• Maintenance costs may exceed budgeted amounts
• Special assessments may be required for major repairs
• Insurance may not cover all losses
• HOA fees are subject to increase

7. Financing Disclosure

Financing for fractional ownership may have different terms and conditions than traditional mortgages. Interest rates may be higher, down payment requirements may be greater, and not all lenders offer fractional ownership financing. Pre-approval does not guarantee final loan approval. All financing is subject to lender underwriting and approval.

8. Construction Risks

For pre-construction properties, additional risks include:

• Construction delays may occur
• Final product may differ from plans and renderings
• Construction costs may exceed budget
• Builder default or bankruptcy risk
• Permits or approvals may be delayed or denied

9. No Investment Advice

Nothing on this website or in our materials constitutes investment, tax, legal, or financial advice. You should consult with qualified professionals before making any investment decision. Sweetgrass and its representatives are not registered investment advisors and do not provide investment advice.

10. Forward-Looking Statements

This website contains forward-looking statements about expected returns, appreciation, rental income, and other projections. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially from those projected. We undertake no obligation to update any forward-looking statements.

11. State-Specific Disclosures

Certain states may have specific requirements or restrictions on fractional ownership. Properties and offerings may not be available in all states. Some states require additional disclosures or registrations. Please contact us for state-specific information.

12. Accredited Investor Consideration

While our offerings are structured as real estate transactions and not securities, we recommend that purchasers have sufficient financial resources and investment experience. You should have adequate means of providing for your current needs and personal contingencies and have no need for liquidity in this investment.