Thank you to all our investors that were able to attend the 2017 TerraCap Management LLC annual meetings. This marks our ninth year of holding annual meetings in Naples, FL. This years’ meetings had record turn outs and covered all four of the Funds we manage. For those who were able to attend, we hope that you found the information and activity shared valuable. It is our goal in these meetings to explain our strategies and demonstrate how they have been implemented at each property. We strive to provide an open conduit through which our investors may conceptualize the fruit of our efforts in support of our continued partnership.