The Simplex PRE-REIT Fund is a real estate investment fund that invests in income-earning real estate (trust beneficiary rights) - mainly small and medium sized office buildings -through a silent partner arrangement. PRE-REIT is a trademarked term created by Simplex, and it primarily refers to real estate funds that use J-REIT as an exit strategy. The Simplex PRE-REIT Fund seeks a balance between fund leverage effect and risk to achieve "medium risk, medium returns." Simplex works to secure funding from a variety of sources, to obtain the most advantageous conditions for that funding and to create a hedge against rising interest rates during the management period. Copyright(C)2004-2009 Simplex Investment Advisors All rights reserved.