NEZ Zone Investment Disclosure.
Aurum Development Group TX | Wichita Falls Revitalization
1. No Offer or Solicitation
The information presented regarding the Wichita Falls Neighborhood Empowerment Zone (NEZ) project is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer will be made only through a formal Private Placement Memorandum (PPM) or relevant Subscription Agreement, provided only to "Accredited Investors" as defined by Rule 501 of Regulation D under the Securities Act of 1933.
2. Forward-Looking Statements
This website contains "forward-looking statements" regarding project timelines, projected rental yields from modular ADUs, and anticipated property appreciation. These are estimates based on current market conditions and municipal ordinances. Actual results may differ materially due to shifts in the Wichita Falls real estate market, changes in interest rates, or modifications to City of Wichita Falls NEZ policies.
3. Municipal Incentive Risk
The success of the NEZ strategy relies on third-party municipal actions, including but not limited to: fee waivers, tax abatements, and the city’s lien release program for distressed assets. Aurum Development Group TX does not guarantee that any specific property will qualify for these incentives or that the City of Wichita Falls will maintain current NEZ ordinances throughout the project lifecycle.
4. Speculative Nature of Real Estate Investment
Investment in distressed assets and urban revitalization is speculative and involves a high degree of risk. There is no guarantee of liquidity. Investors must be prepared to bear the economic risk of their investment for an indefinite period and should be capable of sustaining a complete loss of principal.
5. No Fiduciary Relationship
Accessing this site or reviewing project briefs does not create a fiduciary, advisory, or agent-client relationship between you and Aurum Development Group TX or its principals. 100% due diligence is the responsibility of the potential investor. You are advised to consult with your own legal, tax, and financial advisors before committing capital.
6. General Liability & "As-Is" Status
Aurum Development Group TX provides all project data on an "as-is" and "as-available" basis. While we strive for technical accuracy in our briefings, we make no warranties, express or implied, regarding the completeness or accuracy of property data, zoning status, or refurbishment costs. The Company disclaims all liability for any loss or damage resulting from reliance on the information provided herein.
7. Jurisdictional Notice
These projects are governed by the laws of the State of Texas. Any disputes arising from investment inquiries or project participation shall be subject to the exclusive jurisdiction of the courts in Wichita County or Harris County, Texas, at the Company's discretion.