Yes. All investments involve some degree of risk, and the outcome of any investment is uncertain. Understanding the trade-off between risk and reward can help you evaluate strategies to pursue your financial objectives. Investing in commercial real estate entails substantive risk. You should not invest unless you can sustain the risk of loss of capital, including the risk of total loss of capital. Past performance does not guarantee future results or success. All investors should consider their individual factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. In addition, the real estate market has economic cycles and it is difficult to know how and when the economy may change.