Common use of INITIAL INVESTMENT Clause in Contracts

INITIAL INVESTMENT. The Advisor has made a capital contribution of $200,000 to the Operating Partnership in exchange for OP Units, which it subsequently exchanged for shares of common stock of the Corporation. The Advisor may not sell any of such shares while the Advisor acts in such advisory capacity to the Corporation, provided, that such shares may be transferred to Affiliates of the Advisor. The restrictions included above shall not apply to any other Securities acquired by the Advisor or its Affiliates. The Advisor shall not vote any Shares it now owns, or hereafter acquires, in any vote for the election of Directors, the removal of the Advisor, or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

INITIAL INVESTMENT. The Advisor has made a capital contribution owns 20,000 Class I shares that were originally issued in connection with the original advisor's initial investment in the Corporation of $200,000 to the Operating Partnership in exchange for OP Units, which it subsequently exchanged for shares of common stock of the Corporation200,000. The Advisor may not sell any of such shares Shares while the Advisor acts in such advisory capacity to the Corporation, provided, that such shares Shares may be transferred to Affiliates of the Advisor. The restrictions included above shall not apply to any other Securities of the Corporation or the Operating Partnership acquired by the Advisor or its Affiliates. The Advisor shall not vote any Shares it now owns, or hereafter acquires, in any vote for the election of Directors, the removal of the Advisor, or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.. ​ ​ ​ ​

INITIAL INVESTMENT. The Advisor has made a capital contribution owns 20,000 Class I shares that were originally issued in connection with the original advisor's initial investment in the Corporation of $200,000 to the Operating Partnership in exchange for OP Units, which it subsequently exchanged for shares of common stock of the Corporation200,000. The Advisor may not sell any of such shares Shares while the Advisor acts in such advisory capacity to the Corporation, provided, that such shares Shares may be transferred to Affiliates of the Advisor. The restrictions included above shall not apply to any other Securities of the Corporation or the Operating Partnership acquired by the Advisor or its Affiliates. The Advisor shall not vote any Shares it now owns, or hereafter acquires, in any vote for the election of Directors, the removal of the Advisor, or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates. [Signature page follows.] ​ ​ ​ ​ ​

INITIAL INVESTMENT. The Advisor has made a capital contribution owns 20,000 Class I shares that were originally issued in connection with the original advisor's initial investment in the Corporation of $200,000 to the Operating Partnership in exchange for OP Units, which it subsequently exchanged for shares of common stock of the Corporation200,000. The Advisor may not sell any of such shares Shares while the Advisor acts in such advisory capacity to the Corporation, provided, that such shares Shares may be transferred to Affiliates of the Advisor. The restrictions included above shall not apply to any other Securities of the Corporation or the Operating Partnership acquired by the Advisor or its Affiliates. The Advisor shall not vote any Shares it now owns, or hereafter acquires, in any vote for the election of Directors, the removal of the Advisor, or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.. ​ ​

INITIAL INVESTMENT. The Advisor has made a capital contribution owns 20,000 Class I shares that were originally issued in connection with the original advisor's initial investment in the Company of $200,000 to the Operating Partnership in exchange for OP Units, which it subsequently exchanged for shares of common stock of the Corporation200,000. The Advisor may not sell any of such shares Shares while the Advisor acts in such advisory capacity to the Corporation, provided, that such shares Shares may be transferred to Affiliates of the Advisor. The restrictions included above shall not apply to any other Securities of the Corporation or the Operating Partnership acquired by the Advisor or its Affiliates. The Advisor shall not vote any Shares it now owns, or hereafter acquires, in any vote for the election of Directors, the removal of the Advisor, or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.. ​ Exhibit 10.1