Investing with INITIATIVES HEALTHCARE

Initiatives Healthcare offers its investment opportunities to private and institutional investors and high net worth individuals who are accredited investors through a number of vehicles, including a wholly owned subsidiary of Initiatives Healthcare and Clearwater Capital. Please contact Bart Cochran or Chad Hansen at (208) 639-4488 or to request a Confidential Investor Questionnaire. If Clearwater Capital approves your completed questionnaire, you will begin receiving information about Initiatives Healthcare investment opportunities. Providing Initiatives Healthcare with your e-mail address will expedite your receipt of this information. Your approval will be confirmed to you by e-mail or fax.

IMPORTANT NOTICE Investments involve risk. Economic and market forces and unforeseen costs may adversely affect the ability of an investor to recoup its initial investment. Consequently, only an investor that can afford to lose its entire investment should consider the investments offered by INITIATIVES. Funds invested with INITIATIVES should not be invested for such purposes as emergency savings, home purchase, education funding, dependent care, safety of principal, or any short-term purpose.

Other risks associated with an investment in real estate include limited transferability of membership interests, illiquidity, uncertainties relating to the financial analysis, risk of members’ capital, risk of leverage, financing risks, income/operating risks, environmental risks, reliance on third party management companies, absence of regulatory oversight, construction risks, capital expenditures which are not offset by cash flow, constructions risks, lack of fund operating history, cash flow, potential conflicts of interest, overbuilding of properties in competitive locations, uninsured and under insured losses, tax liability not limited to distributions, changes in tax laws, uncertain ability to meet capital needs.

This is not an offer to sell or a solicitation to buy. The Private Placement Memorandum for each investment opportunity contains more complete information, including a full explanation of all the risks associated with investing. Please read it carefully before investing.