Mascia Development

The Company has not identified any specific investments as of the Offering date. Investors must rely entirely on the Manager's ability to identify, acquire, and manage suitable properties. The Company has no operating history and no assets.

“This is a 'Blind Pool' Offering: The Company has not identified the particular investments it will make; this structure is sometimes called a 'blind pool offering.' Because we have not yet acquired or identified any investments that we may make, we are not able to provide you with any information to assist you in evaluating the merits of any specific investments that we may make”

The Company is entirely reliant on Mark A. Mascia, the CEO of Mascia Development LLC (Sponsor), and the Company would likely suffer significantly if he resigned, died, or became disabled. No employees at Company or Manager level; all management provided through Sponsor's personnel.

“The Company will rely on the performance of the principal of our Sponsor, Mark A. Mascia. If Mr. Mascia resigned, died, or became ill or permanently disabled, the Company and its Investors would likely suffer. The loss of the services of Mr. Mascia or other key personnel of our Sponsor may significantly delay or prevent the achievement of our business objectives.”

The LLC Agreement explicitly eliminates any fiduciary duties the Manager might otherwise owe to the Company and its Members, including duties arising from the 'corporate opportunity' doctrine. Investors can only seek remedies for breach of contractual obligations.

“Our LLC Agreement eliminates any fiduciary duties that might otherwise be owed from the Manager to the Company and its members (including Investors), including any duties or obligations that might arise out of the 'corporate opportunity' doctrine or similar statutory or common law principles.”

The Management Agreement terms were negotiated among related parties and may not be arm's-length. The Manager's Asset Management Fee is based on capital raised, incentivizing over-raising. Transaction-based fees (Acquisition, Broker, Finance, Disposition, Leasing) may incentivize excess transactions. The Sponsor may allocate investment opportunities to other competing programs. The Manager may buy/sell assets to/from Sponsor affiliates at potentially non-arm's-length prices. The LLC Agreement eliminates fiduciary duties.

“the terms of any compensation or other agreements with our Manager, including the management fees and distributions payable to our Manager pursuant to the Management Agreement (described below), were negotiated between related parties, and therefore may not be as favorable to us as if they had been negotiated among unaffiliated third parties.”