Although Nico Echo Park, Benefit Corp. is a public REIT, its shares are not traded on a stock exchange. Among the differences between shares of our common stock and those of a publicly-traded REIT is the daily liquidity available with a publicly-traded REIT. Although we will adopt a stockholder redemption plan that will generally allow investors to redeem shares on a quarterly basis, after an initial restricted period, which varies for Class Local and Class Non-local shareholders. Investment in Nico Echo Park, Benefit Corp. may not be a suitable investment for investors with a short-term investment horizon. However, we believe our common stock is an alternative way for investors to invest in a vehicle focused on building a portfolio of income-producing real estate within a specific neighborhood.