A, C, and I share classes closed to new investment on January 31, 2019. PI share class is open to accredited investors through approved investment platforms

1 The current net asset value is unaudited and subject to change at the discretion of the Board of Directors.

2 The distribution yields presented herein have been calculated using revised NAV values to reflect the revisions to NAV as set forth in Note 11 of GREC’s publicly available Q3’20 10-Q. Current and past distribution yield is not indicative of future distribution rates. There is no assurance GREC will pay distributions in any particular amount, if at all. Any distributions will be at the discretion of the board of directors. GREC may fund distributions from sources other than cash flow from operations, including, without limitation, the sale of assets, borrowings, or offering proceeds. In no event, however, shall funds be advanced or borrowed for the purpose of distributions if the amount of such distributions would exceed the accrued and received revenues for the previous four quarters, less paid and accrued operating costs with respect to such revenues and costs shall be made in accordance with generally accepted accounting principles, consistently applied. Please see GREC’s publicly available 10-Q and 10-K filings for a historical breakdown of distributions.