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*The "Total Portfolio Amount" reflected in this statement is calculated by multiplying your "Total Shares Owned" by the "Share Price" of the Company's common stock. Your "Total Portfolio Amount" is not intended to represent the actual value of your investment and is not a representation, warranty or guarantee that you would realize such amount if you attempted to sell your shares. You should review the Company's public filings, available at www.griffincapital.com, for more information on the determination of the Company's offering price per share.