Certain information published or linked by Gatehouse Partners Inc., Gatehouse Developments (GP) Inc., Gatehouse Real Estate Trust, Gatehouse (Proper) Limited Partnership and any future limited partnerships formed by Gatehouse Partners Inc. and any of its affiliate (collectively the “Gatehouse Partners Funds,” “we,” “us,” “our“) may constitute “forward-looking statements” as defined in applicable securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases including, but not limited to, “expects”, “does not expect”, “is expected”, “anticipates”, “does not anticipate”, “plans”, “estimates”, “believes”, “does not believe” or “intends”, or stating that certain actions, events or results may, could, would, might or will be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking information”. This information represents predictions and actual events or results may differ materially.

Forward-looking information may relate to the Issuers’ future outlook and anticipated events or results and may include statements regarding the Issuers’ financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities. Forward-looking information contained in this offering memorandum is based on certain assumptions regarding expected growth, results of operations, performance, industry trends and growth opportunities.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Issuers to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include (but are not limited to) risks associated with general economic conditions, adverse industry events, marketing costs, inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms, income tax and regulatory matters, indirect investments in real property, results of operations, cash distributions, projected costs and projected profits, and the other risks discussed under the heading “Item 10 - Risk Factors” in the offering memorandum of the Gatehouse Partners Funds. The foregoing factors are not intended to be exhaustive.

Although management of the Gatehouse Partners Funds have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date hereof and the Gatehouse Partners Funds and the directors, officers and employees of Gatehouse Partners Inc. and Gatehouse Developments (GP) Inc. disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on forward-looking statements due to the inherent uncertainty therein. All forward-looking information is expressly qualified in its entirety by this cautionary statement. Forward-looking information and other information contained herein concerning management’s general expectations concerning the residential real estate industry in British Columbia are based on estimates prepared by management using data from publicly available industry sources as well as from market research and industry analysis and on assumptions based on data and knowledge of this industry which management believes to be reasonable. However, this data is inherently imprecise, although generally indicative of relative market positions, market shares and performance characteristics. While management is not aware of any misstatements regarding any industry data or comparable presented herein, industry data and comparable are subject to change based on various factors. the Issuer has not independently verified any of this data from independent third-party sources.

Market and Industry Data

This website includes market and industry data that has been obtained from third-party sources, including industry publications. Management of the Gatehouse Partners Funds believe that the industry data is accurate and that their estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third-party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Issuers have not independently verified any of the data from third-party sources referred to in this offering memorandum or ascertained the underlying economic assumptions relied upon by such sources.

Unless otherwise indicated, information contained in this offering memorandum concerning the Gatehouse Partners Funds’ industry and the markets in which they operate, including general expectations and market position, market opportunities and market share, is based on information from independent industry organizations, other third-party sources (including industry publications, surveys, and forecasts) and management studies and estimates.

Management of the Gatehouse Partners Funds’ estimates are derived from publicly available information released by independent industry analysts and third-party sources as well as data from the management of the Gatehouse Partners Funds’ internal research, and knowledge of the real estate market and economy, and include assumptions made by the Gatehouse which management believes to be reasonable based on their knowledge of the real estate development industry and markets. Management of the Gatehouse Partners Funds’ internal research and assumptions have not been verified by any independent source, and it has not independently verified any third-party information. While management of the Gatehouse Partners Funds believes the market position, market opportunity and market share information included in this offering memorandum is generally reliable, such information is inherently imprecise. In addition, projections, assumptions and estimates of the Gatehouse Partners Funds future performance and the future performance of the industry and markets in which it operates are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described under the heading Forward-Looking Statements above and Risk Factors page found on this website.