4 Reflects the annualized distribution level that may be calculated by getting The latest quarterly distribution approved with the Fund's Board of Administrators and dividing it by prior quarter-conclude NAV and annualizing it. Lease development is represented by real estate net running earnings; NCREIF; inflation; Moody's Analytics; 01 Jan - https://realestateinvestorscharlo53951.ivasdesign.com/54504528/detailed-notes-on-real-estate-investors-charlotte-nc