Christopher Beavor is the CEO and founder of CAI Investments, LLC (“CAI”). CAI’s mission statement is “Developing Trust Through Transparency and Vision”. Mr. Beavor embodies that statement. He manages and controls the Sponsor and manages and controls the Manager. CAI is based in Las Vegas, the hotel capital of the world. Early in his career, in the late 1990s, he was involved with the development of the Luxor Hotel and Mandalay Bay resorts and projects including the Gold Strike Hotel and Casino in Tunica, Mississippi. In the mid-2000s, Mr. Beavor was involved in the $800 million Hard Rock Hotel condominium development in Las Vegas. As a principal from 2005 to current, Mr. Beavor was involved in the development of a wide range of projects, such as a 72-unit luxury condominium hotel project called the Ski Lofts in Brian Head Utah, a luxury condominium with 45-units in Toluca Lake, California, and entitled and zoned the largest tourist hotel, gaming and marina in Europe. Mr. Beavor, by way of CAI, repositioned a the Sheraton Bay Point Resort, which won the 2017 Marriott International North America reward for best reposition, receiving a 4-star rating for its $30 million renovation. The 300-plus acre resort is one of the largest in the United States and is located in Panama City, Florida. The Bay Point consists of 320-rooms, a private beach, two 18-hole golf courses designed by (Jack) Nicklaus Design, and a state-of-the-art 40,000 sq. ft. convention center. Locally in Las Vegas, CAI also entitled and sold a hotel project adjacent to the Las Vegas NASCAR speedway.

In addition to hotels, Mr. Beavor develops national brand NNN-leased retail throughout the southwest and is the founder of a successful real estate brokerage firm that manages property for institutional investors. In Q4 2016, CAI purchased a 10-acre unimproved property zoned for a resort use from the Lehman Brothers Estate next to the Palms Hotel and Casino. CAI fast tracked the entitling and subdividing of the property (now under construction). The $200-plus million development consists of national retailers, an 18-story international branded hotel and 287 high end apartments. Mr. Beavor has crafted a network of relationships with real estate investors, sellers and brokers, allowing him (as the Sponsor) to acquire and complete over 200 real estate transactions over the past 10 years under the Sponsor umbrella. Having handled thousands of completed real estate transactions over the course of the past decade, Mr. Beavor has been an advisor and operating partner in the identification, acquisition, repositioning, and managing of real estate assets and properties for numerous companies, including Fannie Mae, Archbay Capital, Freddie Mac, and GTIS Partners. Mr. Beavor has developed approximately over $150 million in projects within the United States and Europe. He and his companies manage over 1,000 real estate assets for hundreds of clients, ranging from large NYC-based institutional investment funds to high net worth family offices and individuals. In addition to hotels, CAI acquires and develops NNN-leased, income properties nationally through DST Reg D offerings.