Blind-pool, manager-controlled fund with two sleeves: 60-75% targeted to historic real estate for rehabilitation, redevelopment or a donated historic preservation easement (IRC 170(h)), and up to 20% (binding cap) in equity of Manufacturing Corporation of America, an affiliated manufacturing platform. No property or target is identified. The Manager expects any easement to be a Listed Transaction. No tax opinion exists. Ten-year term from final closing, extendable to 2040; individual investments realized over about 5-7 years.