$155,000,000
Aurora Military Housing III, LLC
Military Housing Revenue Bonds, Series 2011A
(Joint Base Elmendorf-Richardson Housing Privatization Project)
Notice to Investors
An electronic form of the Private Offering Memorandum, dated June 27, 2011, relating to the above-referenced bonds (the “Bonds”) has been prepared. This electronic version was created in Adobe Portable Document Format (PDF) using Adobe Acrobat. You will need Adobe Acrobat Reader software to accurately read and print it. If you do not have the current version of Adobe Acrobat Reader, you may obtain it free of charge from the Adobe web site at www.adobe.com. Using software other than the current version of Adobe Acrobat Reader may cause the electronic versions that you view or print to differ from the form of the Private Offering Memorandum on file with Aurora Military Housing III, LLC (the “Issuer”), which is the only definitive form. You assume the risk of any such discrepancies if your printed version differs from the electronic form of the Private Offering Memorandum posted by the Issuer as well as any discrepancies related to communication, transmission or other printing problems. If you need help downloading the Private Offering Memorandum, please contact Elabra at (415) 289-5000 or toll free at (888) 935-2272 or e-mail service@elabra.com. If you would like a printed copy of the Private Offering Memorandum, a limited number of copies are available by contacting David Notkin, Managing Director, Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”), at (646) 743-1376.
The electronic posting of the Private Offering Memorandum does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities described in the Private Offering Memorandum, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction. No offer of the Bonds is made hereby in any jurisdiction in which such offer could not be lawfully made.
The Issuer will not update the Private Offering Memorandum after the dated date thereof, and the Private Offering Memorandum speaks only as of its date and may cease to be accurate thereafter. The Issuer may remove the form of the Private Offering Memorandum from this website at any time.
Offers to purchase the Bonds may only be made to Merrill Lynch, in its capacity as the initial purchaser. By clicking on the hyperlink at the bottom of this page and accessing the Private Offering Memorandum, you will be deemed to have acknowledged and agreed as follows: (i) you understand and agree to the provisions of this page, (ii) you consent to receive the Private Offering Memorandum in electronic form, (iii) a record may be maintained of your electronic access to the Private Offering Memorandum and of this notice, (iv) you agree not to print the Private Offering Memorandum except in its entirety, (v) you will not forward the Private Offering Memorandum to anyone without including the information contained in this notice, and (vi) you are a "qualified institutional buyer" within the meaning of Rule 144A promulgated under the Securities Act of 1933, as amended, and also a “qualified purchaser” within the meaning of Section 2(a)(51) of the Investment Company Act of 1940, as amended.