On May 8, 2018, our Registration Statement on Form S-11 (File No. When evaluating non-national tenancy, we attempt to obtain credit enhancements to leases, which typically come in the form of deposits and/or guarantees from one or more individuals. When assessing the tenancy of the non-anchor space at the shopping center, we consider the tenant mix at each shopping center in light of our portfolio, the proportion of national and national franchise tenants, the creditworthiness of specific tenants, and the timing of lease expirations. Generally, we assess the strength of the tenant by consideration of company factors, such as its financial strength and market share in the geographic area of the shopping center, as well as location-specific factors, such as the store’s sales, local competition, and demographics. Prior to the acquisition of a property, we assess the suitability of the anchor tenant and other tenants in light of our principal investment objectives, namely, preserving capital, providing stable cash flows for distributions, realizing growth in value of our assets upon sale of such assets, and providing our investors with the potential for future liquidity. Therefore, such statements are not intended to be a guarantee of our performance in future periods. 333-217924), as the same may be amended from time to time. These risks include, without limitation, (i) changes in national, regional, or local economic climates (ii) local market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our portfolio (iii) vacancies, changes in market rental rates, and the need to periodically repair, renovate, and re-let space (iv) changes in interest rates and the availability of permanent mortgage financing (v) competition from other available properties and the attractiveness of properties in our portfolio to our tenants (vi) the financial stability of tenants, including the ability of tenants to pay rent (vii) changes in tax, real estate, environmental, and zoning laws (viii) the concentration of our portfolio in a limited number of industries, geographies, or investments and (ix) any of the other risks identified in our Registration Statement on Form S-11 (File No. Such statements include, in particular, statements about our plans, strategies, and prospects, and are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Securities and Exchange Commission (“SEC”).
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this report is filed with the U.S. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. We intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those Acts. (“we,” the “Company,” “our,” or “us”) other than historical facts may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Certain statements contained in this Annual Report on Form 10-K of Phillips Edison Grocery Center REIT III, Inc.