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Hi ,

With the third quarter behind us, we have been extremely busy and have some great updates to report.

Quarter three was the first full quarter since the launch of LMDG Real Estate Value Fund II ("Fund II").

We have had a tremendous response from our existing investors as well as new investors allowing Fund II to quickly acquire three properties. These properties include an 8 unit apartment building in the Alamitos Beach area of Long Beach, a 9 unit apartment building in West Hollywood, and an 11 unit apartment building in Alamitos Beach within walking distance of Retro Row.

Interior Renovation is complete at the first property acquired by the Fund, the 8 unit building in Alamitos Beach.  Units are also leasing up quickly at rents above the original proforma.

During the third quarter, we also hosted a webinar with industry expert Bernard Reisz, CPA titled What is a Self-Directed IRA with Checkbook Control. 

Lastly, our investor footprint extended to the state of Maryland, taking our total number of states represented to 14.

Fund II is still open to new investors. For more information, download our flyer which outlines the strategy and structure of Fund II, projected returns, and our track record.

Regards,

Aaron Merriman

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