Common use of Submission of Orders Clause in Contracts

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “UMB Bank, N.A., as escrow agent for KBS Strategic Opportunity REIT II, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to New York, Pennsylvania and Washington investors. Checks from New York, Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Pennsylvania Minimum has been achieved. Checks from and Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment KBS Strategic Opportunity REIT IIIII, Inc.” until the New York Minimum, Pennsylvania Minimum and Washington Minimum has Minimum, respectively, have been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to the Companyescrow agent for the Company or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from New York, Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from New York investors for deposit to the escrow agent for the Company or, after the New York Minimum has been achieved, to the Company or its agent. The Dealer will transmit checks from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the DealerCompany or its agent. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the DealerCompany or its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Companyescrow agent for the Company or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from New York, Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from New York investors for deposit to the escrow agent for the Company or, after the New York Minimum has been achieved, to the Company or its agent. The Final Review Office will transmit checks from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeCompany or its agent. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeCompany or its agent.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “First Republic Trust Company, as escrow agent for KBS Real Estate Investment Trust, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A.First Republic Trust Company, as Escrow Agent escrow agent for Resource Apartment REIT IIIKBS Real Estate Investment Trust, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the CompanyCompany or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealeror its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Companyescrow agent for the Company or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officeor its agent.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “UMB Bank, N.A., as Escrow Agent for Resource Real Estate Opportunity REIT II, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania Pennsylvania, Ohio and Washington New York investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment Real Estate Opportunity REIT IIIII, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington Ohio investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment Real Estate Opportunity REIT IIIII, Inc.” until the Washington Ohio Minimum has been achieved. Checks from New York investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Real Estate Opportunity REIT II, Inc.” until the New York Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania Pennsylvania, Ohio and Washington New York investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington Ohio investors for deposit to the escrow agent for the Company or, after the Washington Ohio Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from New York investors for deposit to the escrow agent for the Company or, after the New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania Pennsylvania, Ohio and Washington New York investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington Ohio investors for deposit to the escrow agent for the Company or, after the Washington Ohio Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from New York investors for deposit to the escrow agent for the Company or, after the New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable or wire transfer directed to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIIndustrial Income Trust Inc.” After the Company meets the Minimum Offering requirement of $2,000,000, subscribers (except residents of the States of New York, of Tennessee and of Pennsylvania) will be instructed by the Dealer to make their checks payable to or to send wire transfers for the account of “Industrial Income Trust Inc.” Those persons who purchase Shares and are residents of the States of New York or of Tennessee, will be instructed by the Dealer Manager or the Dealer to make their checks payable to or wire transfers directed to “UMB Bank N.A., as Escrow Agent for Industrial Income Trust Inc.” until the Pennsylvania Minimum has been achieved. Checks Company receives aggregate gross proceeds from Washington investors must the Offering of at least $2,500,000 and $10,000,000, respectively, after which checks should be made payable to or wire transfers sent for the account of “Industrial Income Trust Inc.” Those persons who purchase Shares and are residents of the Commonwealth of Pennsylvania will be instructed by the Dealer Manager or the Dealer to make their checks payable to or wire transfers directed to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Industrial Income Trust Inc.” until the Washington Minimum has been achieved. The Company receives aggregate gross proceeds of at least $75,000,000 from investors in this Offering who are not residents of the Commonwealth of Pennsylvania, after which checks should be made payable to or wire transfers sent for the account of “Industrial Income Trust Inc.” Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by of the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to and the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt check by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investorsDealer. The Final Review Office will transmit checks and such subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, and checks by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit Except as agreed to in writing by the Dealer Manager, Dealers shall mail checks and completed subscription documents from Washington investors by Direct Overnight Mail to UMB Bank, N.A., as Escrow Agent for deposit to the escrow agent for the Company orIndustrial Income Trust Inc., after the Washington Minimum has been achievedAttention: Corporate Trust Department, to the Company1010 Grand Boulevard, by the end of the next business day following receipt by the Final Review Office4th Floor, Mail Stop 1020409, Xxxxxx Xxxx, Xxxxxxxx 00000.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Arizona, Massachusetts and Pennsylvania and Washington investors. Checks from Arizona investors must be made payable to “UMB Bank, N.A., as escrow agent for KBS Growth & Income REIT, Inc.” until the Arizona Minimum has been achieved. Checks from Massachusetts and Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment REIT IIIKBS Growth & Income REIT, Inc.” until the Massachusetts and Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to the CompanyCompany or its agent, except for investments from Arizona, Massachusetts and Pennsylvania and Washington investors. The Dealer will transmit checks from Arizona investors for deposit to the escrow agent for the Company or, after the Arizona Minimum has been achieved, to the Company or its agent. The Dealer will transmit checks from Massachusetts and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Massachusetts and Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealeror its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the CompanyCompany or its agent, except for investments from Arizona, Massachusetts and Pennsylvania and Washington investors. The Final Review Office will transmit checks from Arizona investors for deposit to the escrow agent for the Company or, after the Arizona Minimum has been achieved, to the Company or its agent. The Final Review Office will transmit checks from Massachusetts and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Massachusetts and Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officeor its agent.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to "Wachovia Bank, as escrow agent for WTREIT" unless and until the Company, except with respect Minimum Offering is obtained. Thereafter persons who purchase Shares will be instructed by the Dealer to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made make their checks payable to “UMB Bank"Wells Timber Real Estate Inxxxxxent Trust, N.A.Inc." Any Dealer receiving a check prior to the time that the Minimum Offering or the Pennsylvania Minimum, as Escrow Agent for Resource Apartment REIT IIIapplicable, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return any check it receives is obtained that does not conforming conform to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s 's internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit either to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the an escrow agent for the Company or, after the Minimum Offering or the Pennsylvania Minimum Minimum, as applicable, has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s 's internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”"FINAL REVIEW OFFICE"). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office Office, transmit such checks and subscription documents for deposit to either the escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investorsInvestors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to either the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by . If the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit Dealer receives a check that is made payable to the escrow agent for the Company or, Escrow Agent after the Washington Minimum has been achievedOffering or the Pennsylvania Minimum, to as applicable, is obtained, the Company, by Dealer shall deposit such check with the end of the next business day following receipt by the Final Review OfficeEscrow Agent.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares shall be instructed by the Dealer to make their checks payable to or wire transfer directed to “UMB Bank, N.A., as Escrow Agent for Rodin Global Property Trust, Inc.” After the Company meets the Minimum Offering requirement of $2,000,000, subscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to account of “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIRodin Global Property Trust, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt of the subscription documents and the check by the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, Company or to such other account or agent as directed by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”)Dealer. The Final Review Office will in turn transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company or to such other account or agent as directed by the Company. The Dealer agrees to be bound by the terms of the Escrow Agreement executed as of , 2016, by UMB Bank, N.A., as Escrow Agent, the end of Dealer Manager and the next business day following receipt by the Final Review OfficeCompany. The Final Review Office will transmit Dealers shall deliver checks and completed subscription documents from Washington investors for deposit required to be sent to the escrow agent pursuant to this Section II via overnight courier to UMB Bank, N.A., as Escrow Agent for the Company orRodin Global Property Trust, after the Washington Minimum has been achievedInc., to the Company, by the end of the next business day following receipt by the Final Review OfficeAttention: [●].

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect for subscriptions to Pennsylvania and Washington investorspurchase Class T Shares from Benefit Plan Investors. Checks from Pennsylvania investors Benefit Plan Investors subscribing to purchase Class T Shares must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment KBS Strategic Opportunity REIT IIIII, Inc.” until the Pennsylvania Minimum Ownership Condition has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achievedsatisfied. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to the CompanyCompany or its agent, except for investments subscriptions to purchase Class T Shares from Pennsylvania and Washington investorsBenefit Plan Investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors Benefit Plan Investors who are subscribing to purchase Class T Shares for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Ownership Condition has been achievedsatisfied, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealeror its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the CompanyCompany or its agent, except for investments subscriptions to purchase Class T Shares from Pennsylvania and Washington investorsBenefit Plan Investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors Benefit Plan Investors who are subscribing to purchase Class T Shares for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Ownership Condition has been achievedsatisfied, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officeor its agent.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “UMB Bank, N.A., as Escrow Agent for Resource Real Estate Opportunity REIT II, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington New York investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment Real Estate Opportunity REIT IIIII, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington New York investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment Real Estate Opportunity REIT IIIII, Inc.” until the Washington New York Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington New York investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington New York investors for deposit to the escrow agent for the Company or, after the Washington New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington New York investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington New York investors for deposit to the escrow agent for the Company or, after the Washington New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “First Republic Trust Company, as escrow agent for KBS Real Estate Investment Trust, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A.First Republic Trust Company, as Escrow Agent escrow agent for Resource Apartment REIT IIIKBS Real Estate Investment Trust, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the Company or to the Dealer Manager (at the address specified on the subscription agreement) if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager (at the address specified on the subscription agreement) if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the escrow agent for the Company or to the Dealer Manager (at the address specified on the subscription agreement) if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager (at the address specified on the subscription agreement) if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer Selling Group Member to make their checks payable to “UMB Bank, N.A., as escrow agent for Cottonwood Communities, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to New York, Washington, Kansas, Ohio and Pennsylvania and Washington investors. Checks from Pennsylvania New York, Washington, Kansas and Ohio investors must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment REIT IIICottonwood Communities, Inc.” until the Pennsylvania New York Minimum, Washington Minimum, Kansas Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bankand Ohio Minimum, N.A.respectively, as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has have been achieved. The Dealer Selling Group Member will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Notwithstanding the foregoing, subscriptions from Pennsylvania investors will not be accepted by the Company, and will be returned to such Pennsylvania investors in accordance with the Prospectus, until the Pennsylvania Minimum is achieved. After the Pennsylvania Minimum has been achieved, Pennsylvania investors shall make their checks payable to the Company. Checks received by the Dealer Selling Group Member that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the DealerSelling Group Member’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer Selling Group Member for deposit to an escrow agent for the CompanyCompany or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from New York, Washington, Kansas, Ohio and Pennsylvania and Washington investors. The Dealer Selling Group Member will transmit checks and subscription documents from Pennsylvania New York investors for deposit to the escrow agent for the Company or, after the Pennsylvania New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the DealerCompany or its agent. The Dealer Selling Group Member will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the CompanyCompany or its agent. The Selling Group Member will transmit checks from Kansas investors for deposit to the escrow agent for the Company or, by after the end of Kansas Minimum has been achieved, to the next business day following receipt by Company or its agent. The Selling Group Member will transmit checks from Ohio investors for deposit to the Dealerescrow agent for the Company or, after the Ohio Minimum has been achieved, to the Company or its agent. After the Pennsylvania Minimum has A-5 been achieved, the Selling Group Member will transmit checks from Pennsylvania investors to the Company or its agent. Where, pursuant to the DealerSelling Group Member’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer Selling Group Member to the office of the Dealer Selling Group Member conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Companyescrow agent for the Company or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from New York, Washington, Kansas, Ohio and Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania New York investors for deposit to the escrow agent for the Company or, after the Pennsylvania New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeCompany or its agent. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the CompanyCompany or its agent. The Final Review Office will transmit checks from Kansas investors for deposit to the escrow agent for the Company or, by after the end of Kansas Minimum has been achieved, to the next business day following receipt by Company or its agent. The Final Review Office will transmit checks from Ohio investors for deposit to the escrow agent for the Company or, after the Ohio Minimum has been achieved, to the Company or its agent. After the Pennsylvania Minimum has been achieved, the Final Review OfficeOffice will transmit checks from Pennsylvania investors to the Company or its agent.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “XXXXX FARGO BANK, NA, AS AGENT FOR PRIME REALTY INCOME TRUST, INC.” After the CompanyCompany meets the Minimum Offering requirement of $2,500,000, subscribers (except with respect residents of Pennsylvania) will be instructed by the Dealer to Pennsylvania make their checks payable to or to send wire transfers for the account of “Prime Realty Income Trust, Inc.” Those persons who purchase Shares and Washington investors. Checks are residents of Pennsylvania, will be instructed by the Dealer Manager or the Dealer to make their checks payable to “XXXXX FARGO BANK, NA, AS AGENT FOR PRIME REALTY INCOME TRUST, INC.” until the Company receives aggregate gross proceeds from Pennsylvania investors must the Offering of $29,750,000 after which checks should be made payable to or wire transfers sent for the account of “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIPrime Realty Income Trust, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by of the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to and the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt check by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investorsDealer. The Final Review Office will transmit checks and such subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, and checks by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit Except as agreed to in writing by the Dealer Manager, Dealers shall mail checks and completed subscription documents from Washington investors for deposit by direct overnight mail to the escrow agent for the Company orPrime Realty Income Trust, after the Washington Minimum has been achievedInc., to the Companyc/o The Prime Group, by the end of the next business day following receipt by the Final Review OfficeInc., 000 Xxxxx Xxxxx Xxxxxx, Suite 2500, Chicago, Illinois 60654, Attn: Chief Financial Officer.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIOxford Park Income Fund, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions this instruction shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit pursuant along with a completed application, using the form provided by the Company. The Dealer Manager may authorize the Dealer if the Dealer is a “$250,000 broker-dealer” to one instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscriber’s checks and issue a check for the aggregate amount of the subscription proceeds made payable to “Oxford Park Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which the subscription documents and checks for purchase of Shares are initially received by Dealer from subscribers, checks Dealer shall transmit the subscription and subscription documents check for the purchase of Shares will be transmitted by the end of the next business day following receipt by the Dealer of the check and subscription to the Company for deposit to directly with the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), Dealer shall transmit the subscription and checks for the purchase of Shares and subscription documents will be transmitted to the Final Review Office by the end of the next business day following Xxxxxx’s receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (subscription and check for the “Final Review Office”)purchase of Shares. The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Companywill, by the end of the next business day following its receipt of the subscription and check for the purchase of Shares, forward both the subscription and check for the purchase of Shares to the Company for deposit directly with the Company. If requested by the Final Review OfficeCompany or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. The Final Review Office will transmit checks Such documentation may include, without limitation, subscribers’ written acknowledgement and subscription documents from Washington investors for deposit agreement to the escrow agent for privacy policies of the Company or, after or the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeDealer Manager.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A."Deutsche Bank AG, as Escrow Agent for Resource Apartment REIT IIISKB REIT, Inc.” until " where appropriate, or directly to SKB REIT, Inc. after the Pennsylvania Minimum Offering has been achieved. Checks from Washington investors must Dealer hereby agrees to be made payable to “UMB Bankbound by the terms of the Escrow Agreement executed as of ______________, N.A.2004, between Deutsche Bank AG, as Escrow Agent for Resource Apartment REIT IIIescrow agent, Inc.” until and the Washington Minimum has been achievedCompany. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the methods in this Article II. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s 's internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s 's internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “"Final Review Office”"). The Final Review Office will in turn transmit by the end of the next business day following receipt at a different location by the Final Review Office transmit such checks and subscription documents to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A.________________________, as Escrow Agent for Resource Apartment REIT IIIStrategic Storage Trust, Inc.” until where appropriate, or directly to Strategic Storage Trust, Inc. after the Pennsylvania Minimum Offering has been achieved. Checks from Washington investors must Dealer hereby agrees to be made payable to “UMB Bankbound by the terms of the Escrow Agreement executed as of ______________, N.A.200__, by and among ________________, as Escrow Agent for Resource Apartment REIT IIIescrow agent, Inc.” until the Washington Minimum has been achievedDealer Manager and the Company. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the methods in this Article II. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn transmit by the end of the next business day following receipt at a different location by the Final Review Office transmit such checks and subscription documents to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A."________________________, as Escrow Agent for Resource Apartment REIT IIIXxxxx Real Estate Investment Trust, Inc.” until " where appropriate, or directly to Xxxxx Real Estate Investment Trust, Inc after the Pennsylvania Minimum Offering has been achieved. Checks from Washington investors must Dealer hereby agrees to be made payable to “UMB Bankbound by the terms of the Escrow Agreement executed as of ______________, N.A.200__, by ________________, as Escrow Agent for Resource Apartment REIT IIIescrow agent, Inc.” until the Washington Minimum has been achievedDealer Manager and the Company. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the methods in this Article II. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s 's internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s 's internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “"Final Review Office”"). The Final Review Office will in turn transmit by the end of the next business day following receipt at a different location by the Final Review Office transmit such checks and subscription documents to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB "Wells Fargo Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIHines Real Estate Investmexx Xxust, Inc.” until " where appropriate, or directxx xx Hines Real Estate Investment Trust, Inc after the Pennsylvania Minimum Offering has been xxxx achieved. Checks from Washington investors must Dealer hereby agrees to be made payable to “UMB bound by the terms of the Escrow Agreement executed as of ______________, 200__, between Wells Fargo Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIescrow agent, Inc.” until and the Washington Minimum has been achievedCompany. The Any Dealer will return any rxxxxxing a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the methods in this Article II. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s 's internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s 's internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “"Final Review Office”"). The Final Review Office will in turn transmit by the end of the next business day following receipt at a different location by the Final Review Office transmit such checks and subscription documents to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “TD Bank, N.A., as Escrow Agent for Resource Real Estate Opportunity REIT, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington New York investors. Checks from Pennsylvania investors must be made payable to “UMB TD Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIReal Estate Opportunity REIT, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington New York investors must be made payable to “UMB TD Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIReal Estate Opportunity REIT, Inc.” until the Washington New York Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington New York investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington New York investors for deposit to the escrow agent for the Company or, after the Washington New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington New York investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington New York investors for deposit to the escrow agent for the Company or, after the Washington New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “ as escrow agent for KBS Legacy Apartment Community REIT, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A.“ , as Escrow Agent escrow agent for Resource KBS Legacy Apartment REIT IIICommunity REIT, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the CompanyCompany or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealeror its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Companyescrow agent for the Company or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officeor its agent.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks instruments of payment payable to the CompanyPxxxxxxx Xxxxxx Grocery Center REIT III, Inc., except with respect to Pennsylvania and Washington Benefit Plan investors. Checks from Pennsylvania Benefit Plan investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment Pxxxxxxx Xxxxxx Grocery Center REIT III, Inc.” until the Pennsylvania Minimum Benefit Plan Determination has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achievedmade. The Dealer will return any check instrument of payment it receives not conforming to the foregoing instructions directly to such subscriber not later than noon Eastern Time of the next business day following its receipt. Checks Instruments of payment received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the methods in this Article II. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks instruments of payment are received from subscribers, checks and subscription documents instruments of payment will be transmitted by the end noon of the next business day following receipt by the Dealer to the Company’s transfer agent for deposit to directly with the Company, except for investments from Pennsylvania and Washington Benefit Plan investors. The Dealer will transmit checks and subscription documents from Pennsylvania Benefit Plan investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Benefit Plan Determination has been achievedmade, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealeror its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents instruments of payment will be transmitted by the end noon of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn transmit by the end 5:00 pm of the next business day following receipt by the Final Review Office transmit such checks and subscription documents instruments of payment to the Company’s transfer agent for deposit to directly with the Company, except for investments from Pennsylvania and Washington Benefit Plan investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania Benefit Plan investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Benefit Plan Determination has been achievedmade, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officeor its agent.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares shall be instructed by the Dealer to make their checks payable to or wire transfer directed to “[•], as Escrow Agent for Rodin Global Access Property Trust, Inc.” After the Company meets the Minimum Offering requirement of $2,000,000, subscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to account of “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIRodin Global Access Property Trust, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt of the subscription documents and the check by the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, Company or to such other account or agent as directed by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”)Dealer. The Final Review Office will in turn transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company or to such other account or agent as directed by the Company. Dealer agrees to be bound by the terms of the Escrow Agreement executed as of , 2016, by [•], as Escrow Agent, the end of Dealer Manager and the next business day following receipt by the Final Review OfficeCompany. The Final Review Office will transmit Dealers shall deliver checks and completed subscription documents from Washington investors for deposit required to be sent to the escrow agent pursuant to this Section II via overnight courier to [●], as Escrow Agent for the Company orRodin Global Access Property Trust, after the Washington Minimum has been achievedInc., to the Company, by the end of the next business day following receipt by the Final Review OfficeAttention: [●].

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Arizona, Pennsylvania and Washington investors. Checks from Arizona investors must be made payable to “UMB Bank, N.A., as escrow agent for KBS Growth & Income REIT, Inc.” until the Arizona Minimum has been achieved. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment REIT IIIKBS Growth & Income REIT, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment REIT IIIKBS Growth & Income REIT, Inc.” until the Washington Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to the CompanyCompany or its agent, except for investments from Arizona, Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Arizona investors for deposit to the escrow agent for the Company or, after the Arizona Minimum has been achieved, to the Company or its agent. The Dealer will transmit checks from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the DealerCompany or its agent. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the DealerCompany or its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the CompanyCompany or its agent, except for investments from Arizona, Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Arizona investors for deposit to the escrow agent for the Company or, after the Arizona Minimum has been achieved, to the Company or its agent. The Final Review Office will transmit checks from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeCompany or its agent. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeCompany or its agent.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “[BANK], as escrow agent for Income Property Trust of the CompanyAmericas Inc.” After the Company meets the Minimum Offering requirement of $2,000,000, subscribers (except with respect residents of the States of New York and of Pennsylvania) will be instructed by the Dealer to Pennsylvania make their checks payable to or to send wire transfers for the account of “Income Property Trust of the Americas Inc.” Those persons who purchase Shares and Washington investors. Checks are residents of the States of New York or of Pennsylvania, will be instructed by the Dealer Manager or the Dealer to make their checks payable to “[BANK], as escrow agent for Income Property Trust of the Americas Inc. ” until the Company receives aggregate gross proceeds from Pennsylvania investors must the Offering of $2,500,000 and $ , respectively, after which checks should be made payable to or wire transfers sent for the account of “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Income Property Trust of the Americas Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by of the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to and the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt check by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investorsDealer. The Final Review Office will transmit checks and such subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, and checks by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit Except as agreed to in writing by the Dealer Manager, Dealers shall mail checks and completed subscription documents from Washington investors for deposit by Direct Overnight Mail to the escrow agent for the Company or, after the Washington Minimum has been achievedAttn: Income Property Trust of Americas, to the CompanyInc., by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. 12.1 Those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIPriority Income Fund, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return Manager and any Dealer receiving a check it receives not conforming to the foregoing instructions this instruction shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that Manager or any Dealer which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit pursuant to one of along with a completed application, using the following methods: form provided by the Company. Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which the subscription documents and checks are check for the purchase of Shares were initially received by Dealer from subscribersthe subscriber, checks Dealer shall transmit the subscription and subscription documents will be transmitted check for the purchase of Shares by the end of the next business day following receipt of the check and subscription to the Company for deposit directly with the Company. Where, pursuant to Dealer’s internal supervisory procedures, Xxxxxx’s final internal supervisory review is conducted at a different location (the “Final Review Office”), Dealer shall transmit the subscription and check for the purchase of Shares to the Final Review Office by the Dealer end of the next business day following Dealer’s receipt of the subscription and check for deposit to the Company, except for investments from Pennsylvania and Washington investorspurchase of Shares. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the CompanyFinal Review Office will, by the end of the next business day following its receipt by of the subscription and check for the purchase of Shares, forward both the subscription and check for the purchase of Shares to the Company for deposit directly with the Company. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. The In such case, the Dealer will transmit collect the proceeds of the subscribers’ checks and subscription documents from Washington investors for deposit to the escrow agent issue a check for the Company or, after the Washington Minimum has been achieved, to the Company, by the end aggregate amount of the next business day following receipt by the Dealer. Wheresubscription proceeds made payable to “Priority Income Fund, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents Inc.” Checks of rejected subscribers will be transmitted by the end of the next business day following receipt by the Dealer promptly returned to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officesubscribers.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer Selling Group Member to make their checks payable to “UMB Bank, N.A., as escrow agent for Cottonwood Communities, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to New York, Washington, Kansas, Ohio and Pennsylvania and Washington investors. Checks from Pennsylvania New York, Washington, Kansas and Ohio investors must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment REIT IIICottonwood Communities, Inc.” until the Pennsylvania New York Minimum, Washington Minimum, Kansas Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bankand Ohio Minimum, N.A.respectively, as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has have been achieved. The Dealer Selling Group Member will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Notwithstanding the foregoing, subscriptions from Pennsylvania investors will not be accepted by the Company, and will be returned to such Pennsylvania investors in accordance with the Prospectus, until the Pennsylvania Minimum is achieved. After the Pennsylvania Minimum has been achieved, Pennsylvania investors shall make their checks payable to the Company. Checks received by the Dealer Selling Group Member that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the DealerSelling Group Member’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer Selling Group Member for deposit to an escrow agent for the CompanyCompany or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from New York, Washington, Kansas, Ohio and Pennsylvania and Washington investors. The Dealer Selling Group Member will transmit checks and subscription documents from Pennsylvania New York investors for deposit to the escrow agent for the Company or, after the Pennsylvania New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the DealerCompany or its agent. The Dealer Selling Group Member will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the CompanyCompany or its agent. The Selling Group Member will transmit checks from Kansas investors for deposit to the escrow agent for the Company or, by after the end of Kansas Minimum has been achieved, to the next business day following receipt by Company or its agent. The Selling Group Member will transmit checks from Ohio investors for deposit to the Dealerescrow agent for the Company or, after the Ohio Minimum has been achieved, to the Company or its agent. After the Pennsylvania Minimum has been achieved, the Selling Group Member will transmit checks from Pennsylvania investors to the Company or its agent. Where, pursuant to the DealerSelling Group Member’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer Selling Group Member to the office of the Dealer Selling Group Member conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Companyescrow agent for the Company or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from New York, Washington, Kansas, Ohio and Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania New York investors for deposit to the escrow agent for the Company or, after the Pennsylvania New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeCompany or its agent. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the CompanyCompany or its agent. The Final Review Office will transmit checks from Kansas investors for deposit to the escrow agent for the Company or, by after the end of Kansas Minimum has been achieved, to the next business day following receipt by Company or its agent. The Final Review Office will transmit checks from Ohio investors for deposit to the escrow agent for the Company or, after the Ohio Minimum has been achieved, to the Company or its agent. After the Pennsylvania Minimum has been achieved, the Final Review OfficeOffice will transmit checks from Pennsylvania investors to the Company or its agent.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer Selling Group Member to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment REIT IIICottonwood Communities, Inc.” until or, after the Pennsylvania Minimum Offering has been achieved, to the Company, except with respect to New York and Washington investors. Checks from New York and Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment REIT IIICottonwood Communities, Inc.” until the New York Minimum and Washington Minimum has Minimum, respectively, have been achieved. The Dealer Selling Group Member will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Notwithstanding the foregoing, subscriptions from Pennsylvania investors will not be accepted by the Company until the Pennsylvania Minimum is achieved. Checks received by the Dealer Selling Group Member that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the DealerSelling Group Member’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer Selling Group Member for deposit to an escrow agent for the CompanyCompany or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from Pennsylvania New York and Washington investors. The Dealer Selling Group Member will transmit checks and subscription documents from Pennsylvania New York investors for deposit to the escrow agent for the Company or, after the Pennsylvania New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the DealerCompany or its agent. The Dealer Selling Group Member will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the DealerCompany or its agent. Where, pursuant to the DealerSelling Group Member’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer Selling Group Member to the office of the Dealer Selling Group Member conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Companyescrow agent for the Company or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from Pennsylvania New York and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania New York investors for deposit to the escrow agent for the Company or, after the Pennsylvania New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeCompany or its agent. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeCompany or its agent.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable or wire transfer directed to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment Industrial Property REIT III, Inc.” After the Company meets the Minimum Offering requirement of $2,000,000, subscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the account of “Industrial Property REIT Inc.” Subscriptions from persons who are residents of the State of Pennsylvania will not be submitted and shall not be accepted by the Company until the Pennsylvania Minimum has been achieved. Checks Company receives aggregate gross proceeds from Washington investors must the Offering of $50,000,000, after which checks should be made payable to or wire transfers sent for the account of “UMB Bank, N.A., as Escrow Agent for Resource Apartment Industrial Property REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt of the subscription documents and the check by the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, Company or to such other account or agent as directed by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”)Dealer. The Final Review Office will in turn transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company or to such other account or agent as directed by the Company. Dealer agrees to be bound by the terms of the Escrow Agreement executed as of [ ], 2013, by UMB Bank, N.A., as escrow agent, the end of Dealer Manager and the next business day following receipt by the Final Review OfficeCompany. The Final Review Office will transmit Dealers shall deliver checks and completed subscription documents from Washington investors via overnight courier to UMB Bank, N.A., as Escrow Agent for deposit to the escrow agent for the Company orIndustrial Property REIT Inc., after the Washington Minimum has been achievedAttention: Xxxx Xxxxxxx, to the CompanyCorporate Trust, by the end of the next business day following receipt by the Final Review Office1010 Grand Boulevard, 4th Floor, Mail Stop 1020409, Xxxxxx Xxxx, Xxxxxxxx 00000.

Submission of Orders. 12.1 Those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania “Prospect Floating Rate and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIAlternative Income Fund, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return Manager and any Dealer receiving a check it receives not conforming to the foregoing instructions this instruction shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that Manager or any Dealer which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit pursuant to one along with a completed application, using the form provided by the Company, provided the transaction has already completed the internal supervisory review of the following methods: broker-dealer of record. Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which the subscription documents and checks are check for the purchase of Shares were initially received by Dealer from subscribersthe subscriber, checks Dealer shall transmit the subscription and subscription documents will be transmitted check for the purchase of Shares by the end of the next business day following receipt by of the Dealer check and subscription to the Company for deposit to directly with the Company, except provided the internal supervisory review has been completed. Where, pursuant to Dealer’s internal supervisory procedures, Xxxxxx’s final internal supervisory review is conducted at a different location (the “Final Review Office”), Dealer shall transmit the subscription and check for investments from Pennsylvania the purchase of Shares to the Final Review Office by the end of the next business day following Xxxxxx’s receipt of the subscription and Washington investorscheck for the purchase of Shares. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the CompanyFinal Review Office will, by the end of the next business day following its receipt by of the subscription and check for the purchase of Shares, forward both the subscription and check for the purchase of Shares to the Company for deposit directly with the Company. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. The In such case, the Dealer will transmit collect the proceeds of the subscribers’ checks and subscription documents from Washington investors for deposit to the escrow agent issue a check for the Company or, after the Washington Minimum has been achieved, to the Company, by the end aggregate amount of the next business day following receipt by the Dealer. Wheresubscription proceeds made payable to “Prospect Floating Rate and Alternative Income Fund, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents Inc.” Checks of rejected subscribers will be transmitted by the end of the next business day following receipt by the Dealer promptly returned to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officesubscribers.

Submission of Orders. 12.1 Those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIPriority Income Fund, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return Manager and any Dealer receiving a check it receives not conforming to the foregoing instructions this instruction shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that Manager or any Dealer which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit pursuant to one of along with a completed application, using the following methods: form provided by the Company. Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which the subscription documents and checks are check for the purchase of Shares were initially received by Dealer from subscribersthe subscriber, checks Dealer shall transmit the subscription and subscription documents will be transmitted check for the purchase of Shares by the end of the next business day following receipt of the check and subscription to the Company for deposit directly with the Company. Where, pursuant to Dealer’s internal supervisory procedures, Dealer’s final internal supervisory review is conducted at a different location (the “Final Review Office”), Dealer shall transmit the subscription and check for the purchase of Shares to the Final Review Office by the Dealer end of the next business day following Dealer’s receipt of the subscription and check for deposit to the Company, except for investments from Pennsylvania and Washington investorspurchase of Shares. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the CompanyFinal Review Office will, by the end of the next business day following its receipt by of the subscription and check for the purchase of Shares, forward both the subscription and check for the purchase of Shares to the Company for deposit directly with the Company. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer. The In such case, the Dealer will transmit collect the proceeds of the subscribers’ checks and subscription documents from Washington investors for deposit to the escrow agent issue a check for the Company or, after the Washington Minimum has been achieved, to the Company, by the end aggregate amount of the next business day following receipt by the Dealer. Wheresubscription proceeds made payable to “Priority Income Fund, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents Inc.” Checks of rejected subscribers will be transmitted by the end of the next business day following receipt by the Dealer promptly returned to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officesubscribers.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares shall be instructed by the Dealer to make their checks payable to or wire transfer directed to “[•], as Escrow Agent for Rodin Global Access Property Trust, Inc.” After the Company meets the Minimum Offering requirement of $2,000,000, subscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to account of “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIRodin Global Access Property Trust, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt of the subscription documents and the check by the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, Company or to such other account or agent as directed by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”)Dealer. The Final Review Office will in turn transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company or to such other account or agent as directed by the Company. Dealer agrees to be bound by the terms of the Escrow Agreement executed as of , 2016, by [•], as Escrow Agent, the end of Dealer Manager and the next business day following receipt by the Final Review OfficeCompany. The Final Review Office will transmit Dealers shall deliver checks and completed subscription documents from Washington investors for deposit required to be sent to the escrow agent pursuant to this Section II via overnight courier to [•], as Escrow Agent for the Company orRodin Global Access Property Trust, after the Washington Minimum has been achievedInc., to the Company, by the end of the next business day following receipt by the Final Review OfficeAttention: [●].

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIPriority Income Fund, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions this instruction shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit pursuant along with a completed application, using the form provided by the Company. The Dealer Manager may authorize the Dealer if the Dealer is a “$250,000 broker-dealer” to one instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscriber’s checks and issue a check for the aggregate amount of the subscription proceeds made payable to “Priority Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which the subscription documents and checks for purchase of Shares are initially received by Dealer from subscribers, checks Dealer shall transmit the subscription and subscription documents will be transmitted check for the purchase of Shares by the end of the next business day following receipt by the Dealer of the check and subscription to the Company for deposit to directly with the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), Dealer shall transmit the subscription and checks and subscription documents will be transmitted for the purchase of Shares to the Final Review Office by the end of the next business day following Xxxxxx’s receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (subscription and check for the “Final Review Office”)purchase of Shares. The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Companywill, by the end of the next business day following its receipt of the subscription and check for the purchase of Shares, forward both the subscription and check for the purchase of Shares to the Company for deposit directly with the Company. If requested by the Final Review OfficeCompany or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. The Final Review Office will transmit checks Such documentation may include, without limitation, subscribers’ written acknowledgement and subscription documents from Washington investors for deposit agreement to the escrow agent for privacy policies of the Company or, after or the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeDealer Manager.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares will be instructed by the Dealer to make their checks payable to or wire transfer directed to “The Bank of New York Mellon, as escrow agent for Industrial Income Trust Inc.” After the CompanyCompany meets the Minimum Offering requirement of $2,000,000, subscribers (except with respect residents of the States of New York and of Pennsylvania) will be instructed by the Dealer to Pennsylvania make their checks payable to or to send wire transfers for the account of “Industrial Income Trust Inc.” Those persons who purchase Shares and Washington investors. Checks are residents of the States of New York or of Pennsylvania, will be instructed by the Dealer Manager or the Dealer to make their checks payable to or wire transfers directed to “The Bank of New York Mellon, as escrow agent for Industrial Income Trust Inc.” until the Company receives aggregate gross proceeds from Pennsylvania investors must the Offering of $2,500,000 and $75,000,000, respectively, after which checks should be made payable to or wire transfers sent for the account of “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Industrial Income Trust Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by of the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to and the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt check by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investorsDealer. The Final Review Office will transmit checks and such subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, and checks by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit Except as agreed to in writing by the Dealer Manager, Dealers shall mail checks and completed subscription documents from Washington investors for deposit by Direct Overnight Mail to the escrow agent for the Company orThe Bank of New York Mellon, after the Washington Minimum has been achieved000 Xxxxxxx Xxxxxx, to the Company8W, by the end of the next business day following receipt by the Final Review OfficeNew York NY 10286, Attn: Xxxxxxx Xxxxx, Escrow Unit (For: Industrial Income Trust Inc.).

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “TD Bank, N.A., as Escrow Agent for Resource Real Estate Opportunity REIT II, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington New York investors. Checks from Pennsylvania investors must be made payable to “UMB TD Bank, N.A., as Escrow Agent for Resource Apartment Real Estate Opportunity REIT IIIII, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington New York investors must be made payable to “UMB TD Bank, N.A., as Escrow Agent for Resource Apartment Real Estate Opportunity REIT IIIII, Inc.” until the Washington New York Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington New York investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington New York investors for deposit to the escrow agent for the Company or, after the Washington New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington New York investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington New York investors for deposit to the escrow agent for the Company or, after the Washington New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “TD Bank, N.A., as Escrow Agent for Resource Real Estate Opportunity REIT, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington New York investors. Checks from Pennsylvania investors must be made payable to “UMB TD Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIReal Estate Opportunity REIT, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington New York investors must be made payable to “UMB TD Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIReal Estate Opportunity REIT, Inc.” until the Washington New York Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington New York investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington New York investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Washington New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington New York investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington New York investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Washington New York Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “[ ], as escrow agent for Xxxxx Real Estate Investment Trust III, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A.[ ], as Escrow Agent escrow agent for Resource Apartment REIT Xxxxx Real Estate Investment Trust III, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office Office, transmit such checks and subscription documents for deposit the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, . The Dealer agrees to be bound by the end terms of the next business day following receipt by Escrow Agreement dated , 2010, among [ ], as escrow agent, the Final Review Office. The Final Review Office Dealer Manager and the Company, copies of which are attached hereto as Exhibit B and the Dealer further agrees that it will transmit checks and subscription documents from Washington investors for deposit to not represent or imply that [ ], as the escrow agent for identified in the Prospectus, has investigated the desirability or advisability of an investment in the Company oror has approved, after endorsed or passed upon the Washington Minimum has been achieved, to merits of the Shares or of the Company, by nor will the end Dealer Manager use the name of said escrow agent in any manner whatsoever in connection with the offer and sale of the next business day following receipt Shares other than by the Final Review Officeacknowledgement that it has agreed to serve as escrow agent.

Submission of Orders. Those Until the Required Capital (as defined in the Escrow Agreement) has been obtained and released from escrow (or the New York Required Capital or the Pennsylvania Required Capital with respect to subscribers from New York and Pennsylvania, as applicable), those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable as provided in the Escrow Agreement. Thereafter, those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIAdaptive Real Estate Income Trust, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall be transmitted for deposit pursuant to one of the methods in this Article II. The Dealer Manager may authorize the Dealer if the Dealer is a “$250,000 broker-dealer” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent, or if the Required Capital has been obtained and released from escrow (or the New York Required Capital or the Pennsylvania Required Capital with respect to subscribers from New York and Pennsylvania, as applicable), made payable to “Adaptive Real Estate Income Trust, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end noon Eastern Time of the next business day following receipt by the Dealer to the Company for deposit to directly with the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end noon Eastern Time of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn transmit by the end 5:00 pm Eastern Time of the next business day following receipt at a different location by the Final Review Office transmit such checks and subscription documents to the Company for deposit directly with the Company. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for privacy policies of the Company or, after or the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeDealer Manager.

Submission of Orders. Those Until the Required Capital (as defined in the Escrow Agreement) has been obtained and released from escrow, those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable as provided in the Escrow Agreement. Thereafter, those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIPriority Senior Secured Income Fund, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall be transmitted for deposit pursuant to one of the methods in this Article II. The Dealer Manager may authorize the Dealer if the Dealer is a “$250,000 broker-dealer” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent, or if the Required Capital has been obtained and released from escrow, made payable to “Priority Senior Secured Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end noon Eastern Time of the next business day following receipt by the Dealer to the Company for deposit to directly with the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end noon Eastern Time of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn transmit by the end 5:00 pm Eastern Time of the next business day following receipt at a different location by the Final Review Office transmit such checks and subscription documents to the Company for deposit directly with the Company. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for privacy policies of the Company or, after or the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeDealer Manager.

Submission of Orders. Those Except as set forth below, those persons who purchase Shares shall be instructed by the Dealer to make their checks payable to or wire transfer directed to “[●], as Escrow Agent for Rodin Income Trust, Inc.” After the Company meets the Minimum Offering requirement of $2,000,000, subscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to account of “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIRodin Income Trust, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt of the subscription documents and the check by the Dealer for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, Company or to such other account or agent as directed by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”)Dealer. The Final Review Office will in turn transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company or to such other account or agent as directed by the Company. Dealer agrees to be bound by the terms of the Escrow Agreement executed as of , 2016, by [●], as Escrow Agent, the end of Dealer Manager and the next business day following receipt by the Final Review OfficeCompany. The Final Review Office will transmit Dealers shall deliver checks and completed subscription documents from Washington investors for deposit required to be sent to the escrow agent pursuant to this Section II via overnight courier to [●], as Escrow Agent for the Company orRodin Income Trust, after the Washington Minimum has been achievedInc., to the Company, by the end of the next business day following receipt by the Final Review OfficeAttention: [●].

Submission of Orders. Those Except as set forth below, those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable or wire transfer directed to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource Apartment Industrial Property REIT III, Inc.” After the Company meets the Minimum Offering requirement of $2,000,000, subscribers will be instructed by the Dealer to make their checks payable to or to send wire transfers for the account of “Industrial Property REIT Inc.” Subscriptions from persons who are residents of the State of Pennsylvania will not be submitted and shall not be accepted by the Company until the Pennsylvania Minimum has been achieved. Checks Company receives aggregate gross proceeds from Washington investors must the Offering of $50,000,000, after which checks should be made payable to or wire transfers sent for the account of “UMB Bank, N.A., as Escrow Agent for Resource Apartment Industrial Property REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of in accordance with the following methods: procedures. Where, pursuant to the a Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are initially received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt of the subscription documents and the check by the Dealer to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the a Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), checks and subscription documents and checks will be transmitted to the Final Review Office by the end of the next business day following receipt of the subscription documents and check by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”)Dealer. The Final Review Office will in turn transmit such subscription documents and checks by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, . Except as agreed to the Company, in writing by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit Dealer Manager, Dealers shall deliver checks and completed subscription documents from Washington investors via overnight courier to UMB Bank, N.A., as Escrow Agent for deposit to the escrow agent for the Company orIndustrial Property REIT Inc., after the Washington Minimum has been achievedAttention: Corporate Trust Department, to the Company1010 Grand Boulevard, by the end of the next business day following receipt by the Final Review Office4th Floor, Mail Stop 1020409, Xxxxxx Xxxx, Xxxxxxxx 00000.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to "U.S. Bank, as escrow agent for WTREIT" unless and until the Company, except with respect Minimum Offering is obtained. Thereafter persons who purchase Shares will be instructed by the Dealer to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made make their checks payable to “UMB Bank"Wells Timber Real Estate Inxxxxxent Trust, N.A.Inc." Any Dealer receiving a check prior to the time that the Minimum Offering or the Pennsylvania Minimum, as Escrow Agent for Resource Apartment REIT IIIapplicable, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return any check it receives is obtained that does not conforming conform to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s 's internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit either to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the an escrow agent for the Company or, after the Minimum Offering or the Pennsylvania Minimum Minimum, as applicable, has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s 's internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”"FINAL REVIEW OFFICE"). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office Office, transmit such checks and subscription documents for deposit to either the escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investorsInvestors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to either the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by . If the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit Dealer receives a check that is made payable to the escrow agent for the Company or, Escrow Agent after the Washington Minimum has been achievedOffering or the Pennsylvania Minimum, to as applicable, is obtained, the Company, by Dealer shall deposit such check with the end of the next business day following receipt by the Final Review OfficeEscrow Agent.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “Xxxxx Fargo Bank, N.A., Escrow Agent for Strategic Storage Trust, Inc.” where appropriate, or directly to Strategic Storage Trust, Inc. after the Company, except with respect Minimum Offering has been achieved. Dealer hereby agrees to Pennsylvania be bound by the terms of the Escrow Agreement executed by and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB among Xxxxx Fargo Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIescrow agent, Inc.” until the Pennsylvania Minimum has been achievedDealer Manager and the Company. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the methods in this Article II. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn transmit by the end of the next business day following receipt at a different location by the Final Review Office transmit such checks and subscription documents to the Company for deposit to the Companywith an escrow agent, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors where appropriate, or for deposit to the escrow agent for directly with the Company or, after the Pennsylvania Minimum Offering has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.

Submission of Orders. Those persons who purchase Shares Common Stock will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania “Prospect Floating Rate and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIAlternative Income Fund, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions this instruction shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions this instruction shall be transmitted by overnight mail to the Company for deposit pursuant along with a completed application, using the form provided by the Company. The Dealer Manager may authorize the Dealer if the Dealer is a “$250,000 broker-dealer” to one instruct its customers to make its checks for Common Stock subscribed for payable directly to the Dealer. In such case, the Dealer will collect the proceeds of the subscriber’s checks and issue a check for the aggregate amount of the subscription proceeds made payable to “Prospect Floating Rate and Alternative Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which the subscription documents and checks for purchase of Common Stock are initially received by Dealer from subscribers, checks Dealer shall transmit the subscription and subscription documents will be transmitted check for the purchase of Common Stock by the end of the next business day following receipt by the Dealer of the check and subscription to the Company for deposit to directly with the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different locationlocation (the “Final Review Office”), Dealer shall transmit the subscription and checks and subscription documents will be transmitted for the purchase of Common Stock to the Final Review Office by the end of the next business day following Dealer’s receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (subscription and check for the “Final Review Office”)purchase of Common Stock. The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Companywill, by the end of the next business day following its receipt of the subscription and check for the purchase of Common Stock, forward both the subscription and check for the purchase of Common Stock to the Company for deposit directly with the Company. If requested by the Final Review OfficeCompany or the Dealer Manager, the Dealer shall obtain from subscribers for the Common Stock other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. The Final Review Office will transmit checks Such documentation may include, without limitation, subscribers’ written acknowledgement and subscription documents from Washington investors for deposit agreement to the escrow agent for privacy policies of the Company or, after or the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeDealer Manager.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “UMB Bank N.A., as escrow agent for Xxxxx Core Office Income REIT, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, Bank N.A., as Escrow Agent escrow agent for Resource Apartment REIT IIIXxxxx Core Office Income REIT, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office Office, transmit such checks and subscription documents for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, . The Dealer agrees to be bound by the end terms of the next business day following receipt by Escrow Agreement, among UMB Bank N.A., as escrow agent, the Final Review Office. The Final Review Office Dealer Manager and the Company, copies of which are attached hereto as Exhibit B and the Dealer further agrees that it will transmit checks and subscription documents from Washington investors for deposit to not represent or imply that UMB Bank N.A., as the escrow agent for identified in the Prospectus, has investigated the desirability or advisability of an investment in the Company oror has approved, after endorsed or passed upon the Washington Minimum has been achieved, to merits of the Shares or of the Company, by nor will the end Dealer Manager use the name of said escrow agent in any manner whatsoever in connection with the offer and sale of the next business day following receipt Shares other than by the Final Review Officeacknowledgement that it has agreed to serve as escrow agent.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “UMB Bank N.A., as escrow agent for Xxxxx Core Office Income REIT, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, Bank N.A., as Escrow Agent escrow agent for Resource Apartment REIT IIIXxxxx Core Office Income REIT, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office Office, transmit such checks and subscription documents for deposit the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, . The Dealer agrees to be bound by the end terms of the next business day following receipt by Escrow Agreement dated , 2010, among UMB Bank N.A., as escrow agent, the Final Review Office. The Final Review Office Dealer Manager and the Company, copies of which are attached hereto as Exhibit B and the Dealer further agrees that it will transmit checks and subscription documents from Washington investors for deposit to not represent or imply that UMB Bank N.A., as the escrow agent for identified in the Prospectus, has investigated the desirability or advisability of an investment in the Company oror has approved, after endorsed or passed upon the Washington Minimum has been achieved, to merits of the Shares or of the Company, by nor will the end Dealer Manager use the name of said escrow agent in any manner whatsoever in connection with the offer and sale of the next business day following receipt Shares other than by the Final Review Officeacknowledgement that it has agreed to serve as escrow agent.

Submission of Orders. Those 12.1 Until the Required Capital has been obtained and released from escrow (or the New York Required Capital or the Pennsylvania Required Capital with respect to subscribers from New York and Pennsylvania, as applicable), those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable as provided in the Escrow Agreement. Thereafter, those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIAdaptive Real Estate Income Trust, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return Manager and any Dealer receiving a check it receives not conforming to the foregoing instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall return such check directly to such subscriber not later than noon Eastern Time of the next business day following its receipt. Checks received by the Dealer that Manager or any Dealer which conform to the foregoing instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant methods described in this Section 12. The Dealer Manager may authorize certain Dealers which are “$250,000 broker-dealers” to instruct their customers to make their checks for Shares subscribed for payable directly to the Dealer’s internal supervisory procedures. In such case, internal supervisory review is conducted at the same location at which subscription documents and checks are received from Dealer will collect the proceeds of the subscribers, ’ checks and subscription documents will be transmitted by issue a check for the end aggregate amount of the next business day following receipt subscription proceeds made payable to the order of the escrow agent, or if instructed by the Dealer for deposit Manager as provided above, made payable to the Company“Adaptive Real Estate Income Trust, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end Inc.” Checks of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents rejected subscribers will be transmitted by promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officeprocedures.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to “UMB Bank, N.A. as escrow agent for KBS Legacy Apartment Community REIT, Inc.” or, after the Minimum Offering has been achieved, to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent escrow agent for Resource KBS Legacy Apartment REIT IIICommunity REIT, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Dealer will return any check it receives not conforming to the foregoing instructions directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the following methods: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer for deposit to an escrow agent for the CompanyCompany or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealeror its agent. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the Companyescrow agent for the Company or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Minimum Offering has been achieved, to the Company or its agent, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or to the Dealer Manager (or an agent of the Dealer Manager) if the Dealer Manager is acting as processing broker-dealer or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Officeor its agent.

Submission of Orders. Those Until the Required Capital (as defined in the Escrow Agreement) has been obtained and released from escrow, those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., (the “Escrow Agent”), as provided in the Escrow Agent for Resource Apartment REIT IIIAgreement. Thereafter, those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to “Priority Senior Secured Income Fund, Inc.” until the Pennsylvania Minimum has been achieved. Checks from Washington investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT III, Inc.” until the Washington Minimum has been achieved. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall return such check directly to such subscriber not later than noon the end of the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall be transmitted for deposit pursuant to one of the methods in this Article II. The Dealer Manager may authorize the Dealer if the Dealer is a “$250,000 broker-dealer” to instruct its customers to make its checks for Shares subscribed for payable directly to the Dealer, in which case the Dealer will collect the proceeds of the subscriber’s checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent, or if the Required Capital has been obtained and released from escrow, made payable to “Priority Senior Secured Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end noon Eastern Time of the next business day following receipt by the Dealer to the Company for deposit to directly with the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end noon Eastern Time of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn transmit by the end 5:00 pm Eastern Time of the next business day following receipt at a different location by the Final Review Office transmit such checks and subscription documents to the Company for deposit directly with the Company. If requested by the Company or the Dealer Manager, the Dealer shall obtain from subscribers for the Shares, other documentation reasonably deemed by the Company or the Dealer Manager to be required under applicable law or as may be necessary to reflect the policies of the Company or the Dealer Manager. Such documentation may include, without limitation, subscribers’ written acknowledgement and agreement to the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for privacy policies of the Company or, after or the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review OfficeDealer Manager.

Submission of Orders. Those persons who purchase Shares will be instructed by the Dealer to make their checks payable to the Company, except with respect to Pennsylvania and Washington investors. Checks from Pennsylvania investors must be made payable to “UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIStrategic Storage Trust IV, Inc.” until where appropriate, or directly to Strategic Storage Trust IV, Inc. after the Pennsylvania Minimum Offering has been achieved. Checks from Washington investors must Dealer hereby agrees to be made payable to “bound by the terms of the Escrow Agreement executed by and among UMB Bank, N.A., as Escrow Agent for Resource Apartment REIT IIIescrow agent, Inc.” until the Washington Minimum has been achievedDealer Manager and the Company. The Any Dealer will return any receiving a check it receives not conforming to the foregoing instructions shall return such check directly to such subscriber not later than noon of promptly the next business day following its receipt. Checks received by the Dealer that which conform to the foregoing instructions shall be transmitted for deposit pursuant to one of the methods in this Article II. Transmittal of received investor funds will be made in accordance with the following methodsprocedures: Where, pursuant to the Dealer’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks and subscription documents will be transmitted by the end noon of the next business day following receipt by the Dealer to the Company for deposit to with an escrow agent, where appropriate, or for deposit directly with the Company, except for investments from Pennsylvania and Washington investors. The Dealer will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. The Dealer will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final and internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end 5:00 pm of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn transmit by the end noon of the next business day following receipt at a different location by the Final Review Office transmit such checks and subscription documents to the Company for deposit to with an escrow agent, where appropriate, or for deposit directly with the Company, except for investments from Pennsylvania and Washington investors. The Final Review Office will transmit checks and subscription documents from Pennsylvania investors for deposit to the escrow agent for the Company or, after the Pennsylvania Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office. The Final Review Office will transmit checks and subscription documents from Washington investors for deposit to the escrow agent for the Company or, after the Washington Minimum has been achieved, to the Company, by the end of the next business day following receipt by the Final Review Office.