What is the 12-month lockup period?

If you have invested within the past year, you are within in the 12-month lock-up period. Both TREF and each partner agreed to a 1-year hold period on each investment which is recommended by the SEC and is an industry best practice to protect investors from early dilution and short term “pump and dump” schemes (see offering circular/ subscription agreement). After the one year hold period, redemption requests would be reviewed on a quarterly basis with any approved redemption payouts occurring by or before the 15th day of the second month of each quarter, i.e., February 15, May 15, August 15 and November 15. Please make sure you refer to your subscription agreement. Please let us know if you have any questions.