NorthStar RXR | Presentations

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THE POWER

OF LOCAL

INTRODUCTION TO

RXR REALTY

Securities Offered by NorthStar Securities, LLC Member FINRA/SIPC

* The property is owned by our co-sponsor, RXR Realty, not NorthStar/RXR, and investors will not acquire an interest in this property.

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DISCLOSURES

This sales and advertising presentation is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is

made only by the prospectus.

This presentation must be read in conjunction with the prospectus in order to fully

understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of

the prospectus must be made available to you in connection with any offering.

No offering is made except by a

prospectus filed with the Department of Law of the State of New York. Neither the Securities and Exchange Commission, the

Attorney General of the State of New York nor any other state securities regulator has approved or disapproved of our

common stock, determined if the prospectus is truthful or complete or passed on or endorsed the merits of this offering. Any

representation to the contrary is a criminal offense.

This presentation includes forward-looking statements that can be identified by the use of words such as

“will,”

“may,”

“should,”

“intend,”

“believe,”

“expect,”

“could,”

“target,”

or other comparable terminology. Statements concerning projections,

future performance, cash flows and any other guidance on present or future periods constitute forward-looking statements.

Forward-looking statements involve significant risks and uncertainties and you should not unduly rely on these statements.

You should be aware that a number of important factors, including, but not limited to, the factors described in the Risk Factors

below and in our filings with the Securities and Exchange Commission, could cause our actual results to differ materially from

those in these forward-looking statements. The statements made herein are as of the date hereof and we undertake no

obligation to update these statements except as may be required by applicable securities laws.

Securities offered through NorthStar Securities, LLC, member FINRA/SIPC, an affiliate and dealer manager for

NorthStar/RXR New York Metro Real Estate, Inc. (NorthStar/RXR). NorthStar Securities, LLC is doing business as NorthStar

BD Securities, LLC (DE) in the following states: FL, GA, TX and WA.

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RISK FACTORS

Consider the following risks before making an investment in NorthStar/RXR:

• We have no operating history and there is no assurance that we will achieve our investment objectives; the prior

performance of our sponsors and their affiliated entities may not predict our future results.

• No public market currently exists for our shares; therefore, it will be difficult to sell your shares. If you are able to sell

your shares, you would likely have to sell them at a substantial loss.

• This is a

“blind

pool”

offering and you will not have an opportunity to evaluate the investments we make subsequent to

the date you subscribe for shares.

• We depend on our advisor and its affiliates, as well as our sub-advisor and its affiliates, to select our investments and

conduct our operations. We will pay substantial fees and expenses to our advisor, sub-advisor and their affiliates which

will reduce cash available for investment and distribution. These fees were not determined on an

arm’s

length basis.

These fees increase your risk of loss.

• Our investments may be adversely affected by economic cycles and risks inherent to the New York metropolitan area,

especially New York City, and to risks inherent in geographic concentration.

• We expect to acquire more than a majority of our investments through joint venture arrangements with RXR Value

Added Fund III, an affiliate of RXR Realty. We may also enter into joint ventures or other co-ownership arrangements

with other third parties. Such investments may involve risks not otherwise present with other investments.

• We expect to use leverage in connection with our investments, which increases the risk of loss associated with our

investments.

• Our tenants may not be able to make lease payments and our borrowers may not be able to make debt service

payments to us due to changes in economic conditions, regulatory requirements and other factors.

• There is no guarantee of distributions. Distributions have been paid and may continue to be paid from sources other

than cash flow from operations, including offering proceeds, borrowings or sales of assets and distributions may exceed

earnings which may reduce an

investor’s

overall return. We have not established a limit on the amount of proceeds we

may use to fund distributions. If we pay distributions from sources other than our cash flow from operations, we will have

less cash available for investments and your overall return may be reduced. There is no guarantee of any return and

you may lose a part or all of your investment. Distributions to the Class T Shares will be reduced by the payment of the

distribution fee.

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RISK FACTORS

Consider the following risks before making an investment in NorthStar/RXR:

• Our executive officers and other key investment professionals of our sponsors and their affiliates who perform services

for us on behalf of our advisor and sub-advisor face conflicts of interest, including time constraints, allocation of

investment opportunities and significant conflicts created by compensation arrangements with us and other affiliates of

our sponsors.

• If we only raise the minimum offering amount, or are unable to raise substantial funds, we will be limited in the number

and type of investments we can make and the value of your investment in the offering will fluctuate with the

performance of the specific assets we acquire.

• Diversification does not eliminate risk and does not assure better performance.

• We may change our targeted investments or investment policies without stockholder consent.

• The offering prices of our Class A Shares, Class T Shares and Class I Shares were not established on an independent

basis, therefore, the offering prices will not accurately represent the value of our assets, as they were arbitrarily

determined, and the actual value of your investment may be substantially less.

• Our charter does not require our board of directors to seek stockholder approval to liquidate our assets by a specified

date, nor does our charter require our board of directors to list our shares for trading by a specified date.

• If we fail to qualify as a REIT for federal income tax purposes, our cash available for distribution and the value of our

shares could materially decrease.

• If we terminate our agreement with our advisor, we may be required to pay significant fees to an affiliate of our

sponsors, which will reduce the cash available for distribution to you.

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Agenda

Why Invest in New York Metro?

Investment Approach

The Power of Local

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RXR Realty Overview

RXR Realty, the co-sponsor of NorthStar/RXR is a premier New York-based real

estate operating company.

B I L L I O N

ASSETS UNDER

MANAGEMENT

$15.7

$ 6 . 7 B I L L I O N

EQUITY RAISED

SINCE 2009 THROUGH

INSTITUTIONAL FUNDS

LOCAL MARKET KNOWLEDGE

& INSIDER RELATIONSHIPS

22.1 Million

S q u a r e F e e t ¹

u n d e r m a n a g e m e n t

One of the most adept participants in New York

commercial real estate with long-standing relationships

4 5 0 - P E R S O N V E R T I C A L L Y I N T E G R A T E D

R E A L E S T A T E O W N E R A N D O P E R A T O R

The performance of RXR Realty is not indicative of the performance of NorthStar/RXR. RXR Realty and NorthStar/RXR are separate companies. An investor purchasing shares in NorthStar/RXR’s public offering is making an investment in NorthStar/RXR, not in RXR Realty. 1) As of June 30, 2017. Gross estimated asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners as well as leverage.

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RXR Realty, LLC (RXR Realty) is comprised of members of the former senior management and

operating team of Reckson Associates (Reckson) a NYSE-listed REIT which was acquired by

SL Green Corp. in January 2007 for over $6.0 billion. RXR Realty was formed to carry forward

the operating and investment strategies of Reckson.

History of RXR Realty

Source: Cushman & Wakefield Capital Markets Report, December 2015. The performance of RXR Realty is not indicative of the performance of NorthStar/RXR. RXR Realty and NorthStar/RXR are separate companies.

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Institutional funds include:

• RXR Real Estate Opportunity Fund

• RXR Real Estate Value Added Fund

–

Fund III LP

• New York Metro Emerging Sub-Market Venture LP

RXR Realty’s Institutional Track Record

RXR Realty was formed in 2007 and has since raised over $6.7 billion¹ in

equity through institutional funds. RXR Realty has a proven track record

with decades of experience investing and operating commercial real estate

on behalf of institutional investors solely in the New York Metro area.

1) As of December 31, 2016. NorthStar/RXR’s investments may be adversely affected by economic cycles and risks inherent to the New York Metro area, especially New York City and to risks inherent in geographic concentrations. The performance of its co-sponsors Colony NorthStar and RXR Realty is not indicative of the performance of NorthStar/RXR. RXR Realty and NorthStar/RXR are separate companies.

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RXR Realty’s Geographic Investment Focus

RXR Realty focuses on exclusively investing in the New York Metro area

concentrating on the 90-mile radius surrounding New York City which has

historically provided, and we believe will continue to provide, compelling real

estate investment opportunities.

MI

LES

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RXR Realty’s New York City Portfolio

10 The performance of RXR Realty is not indicative of the performance of NorthStar/RXR. RXR Realty and NorthStar/RXR are separate companies. An investor purchasing shares in NorthStar/RXR’s public offering is making an investment in NorthStar/RXR, not in RXR Realty.

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Rank

Landlord

Office RSF (in millions)

1 SL Green Realty Corp.

22.6

2 Vornado Realty Trust

20.2

3 Brookfield Properties

20.0

5 Silverstein Properties

13.1

6 Durst Organization

12.1

7 Boston Properties

11.5

8 Tishman Speyer Properties

10.1

9 Rudin Management Company

10.3

10 Paramount Group

8.6

1) SL Green Realty Corp. Form 10Q for the period ending March 31, 2017. 2) Vornado Realty Trust Form 10Q for the period ending March 31, 2017. 3) www.brookfieldofficeproperties.com as of as of May 10, 2017. 4) www.rxrrealty.com as of May 10, 2017. 5) www.silversteinproperties.com as of May 10, 2017. 6) www.durst.org as of May 10, 2017. 7) Boston Properties, Inc. Form 10Q for the period ending March 31, 2017. 8) www.tishmanspeyer.com as of May 10, 2017. 9) www.rudin.com as of November 17, 2016. 10) Paramount Group, Inc. Form 10Q for the period ending March 31, 2017. This is for illustrative purposes only. There is no guarantee that RXR Realty will continue to rank among top Manhattan landlords and/or own the same amount of square footage in the future. The performance of its co-sponsors NorthStar and RXR Realty is not indicative of the performance of NorthStar/RXR.

Since formation in 2007, RXR Realty has established itself as a top landlord

(based on square feet) in Manhattan compared to its peers.

Manhattan’s

Top Landlords (by square feet)

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RXR Realty’s Team

Multi-disciplined integrated 460-person team

Members of the RXR Realty leadership team are not employed by the issuer, NorthStar/RXR and will face conflicts of interest relating to their obligations to other RXR Realty affiliated entities. An investor purchasing shares in NorthStar/RXR’s public offering is making an investment in NorthStar/RXR, not in RXR Realty.

Jason Barnett

Vice Chairman, General Counsel

Scott Rechler Chairman, CEO Michael Maturo President, CFO

Investment Management

Investments Capital Markets Budget/Forecasting Investor Relations

Property Operations

Development Construction Property Management Asset Management Leasing

Corporate Operations

Legal Accounting Tax Marketing Policy/Human Resources IT/Office Services Scott Haegele

SVP – Controller, Development /

Construction

Joanne Minieri

EVP – COO, Development /

Const.

Michael O’Leary

SVP – Capital Markets

Michael McMahon

EVP – Tax Director

Tom Carey

EVP – Corporate Controller

Frank Patafio

SEVP – Head of Acquisitions

Todd Rechler

Co-COO, President, Development / Const.

Robin Henderson

Senior Director – Private Capital Group

Carol Allen

SVP – Marketing

Philip Wharton

EVP – Director of Residential Development

David Frank

EVP – Assistant General Counsel

Harold Lamm

FVP – Strategic Planning

Seth Pinsky

EVP – Emerging Sub-Markets (ESM)

& Public Affairs

F. D. Rich III

EVP – Chief Admin Officer

Francis Sheehan

Chief Compliance Officer & VP –

Legal

David Garten

SVP – Infrastructure Investment and Emerging Sub-Markets

Joe Graziose

SVP – Residential Development

Charlie Harary

Senior Director – Capital Markets

Frank Adipietro

EVP – Asset Management

Frank Pusinelli

EVP – Property Operations & Const.

Marcelo Renzi

FVP – Construction

Frank Haftel

FVP – Development

Jesse Laserson

FVP – Construction

Steven Fields

VP – Legal

Robert Andrews FVP – Investments

Richard Conniff

COO, Portfolio Manager

Kenneth Bauer

EVP – Leasing

William Elder

EVP – Managing Director, New York City

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The RXR Realty leadership team featured here is not employed by the issuer, NorthStar/RXR. The members of the RXR Realty leadership team face conflicts of interest relating to their obligations to other RXR Realty affiliated entities.

We believe RXR Realty is well respected in the New York metro real estate market,

with its top executives benefiting from an average 28 years of experience in

commercial real estate.

Experienced New York Investment Team

Scott Rechler

28 years

Michael Maturo

32 years

Jason Barnett

24 years

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1. Stephen Ross, Jeff Blau, Bruce Beal | Chairman and Founder; CEO; President at

Related Companies

2. Marc Holliday and Andrew Mathias | CEO; President at

SL Green Realty Corp

3. Jonathan Gray | Global Head of Real Estate at

Blackstone Group

4. Scott Rechler | CEO and Chairman of RXR Realty [2016 Ranking: 5]

5. Steven Roth | Chairman of the Board and CEO at

Vornado Realty Trust

6. Douglas Durst and Jody Durst | Chairman; President of

Durst Organization

7. Rob Speyer | President and CEO of

Tishman Speyer

8. Ric Clark | Chairman of

Brookfield Property Partners

9. Andrew Cuomo | Governor of New York

10. Jeff Sutton | Founder and President of

Wharton Properties

Scott Rechler is ranked #4 on the 2017 Commercial Observer Power 100 list,

a ranking of the most influential real estate leaders in New York.

Commercial Observer Power 100

Scott Rechler is not employed by the issuer, NorthStar/RXR. The members of the RXR Realty leadership team face conflicts of interest relating to their obligations to other RXR Realty affiliated entities. An investor purchasing shares in NorthStar/RXR’s public offering is making an investment in NorthStar/RXR, not in RXR Realty.

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Agenda

Why Invest in New York Metro?

Investment Approach

The Power of Local

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With 506 million square feet, New York City’s office market is the largest in

the U.S.

–

almost the size of the next four largest U.S. markets combined.

Size of Domestic Office Markets Ranked by Square Footage

Largest Domestic Office Market

Source: Colliers International, Office Market Outlook Q3 2016. NorthStar/RXR’s investments may be adversely affected by economic cycles and risks inherent to the New York Metro area, especially New York City, and risks inherent in geographic concentrations. Because of this concentration, any adverse situation that disproportionally affects the New York Metro area, including a worsening economy, would have a magnified adverse effect on our portfolio.

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New York is a desired location for a vast array of industries leading to higher tenant

diversification and decreased dependency on any particular sector.

New York Industries by Sector

Source: Bureau of Labor Statistics, April 2017 17

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Source: US Census Bureau, 2015 estimate

The New York Metro area population is at an all-time high with 8.6 million

residents which we believe will drive additional demand for office space, housing

and retail services.

New York Metro Population Growth (1970-2015)

Population at an All-Time High

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The number of visitors to New York City increased 38% in the last decade, which

we believe will further strengthen the New York

Metro area’s

economy and real

estate fundamentals. A record 60.3 million people visited New York City in 2016.

Source: NYC & Company, January 2017 20

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NorthStar/RXR’s investments may be adversely affected by economic cycles and risks inherent to the New York Metro area, especially New York City, and risks inherent in geographic concentrations. Because of this concentration, any adverse situation that disproportionally affects the New York Metro area, including a worsening economy, would have a magnified adverse effect on our portfolio. 1) City of New York, CBRE, Manhattan Market Discussion, April 2015. 2) Cushman & Wakefield, Manhattan Office Market, April 2014. 3) 2015 The New York City Department of Education and US Census Bureau. 4) New York State Department of Labor. 5) US Census Bureau.

of transportation infrastructure

development is planned

between 2016-2019

$39B

HAS BEEN GROWING

STEADILY SINCE THE

P O P U L A T I O N

1980

s

5 NEW YORK CITY HAS

C O N S I S T E N T LY O U T PA C E D

U.S. EMPLOYMENT GROWTH SINCE 2009

4 T H E R E A R E

N E A R L Y A S M A N Y U N I V E R S I T Y

S T U D E N T S I N N E W Y O R K C I T Y

A S T H E R E A R E

P E O P L E I N B O S T O N

3 Demand for commercial real estate in the New York Metro area is at an

all-time high. Increased population, tourism and employment trends

support a dynamic and growing real estate market.

Demand at an All-Time High

O F J O B S L O S T

IN THE LAST

ECONOMIC DOWNTURN

254%

NEW YORK CITY HAS

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New York City is one of many globally competitive cities today, and will

continue to be through 2025, due to the expanding diversification of the

area’s economy, improved infrastructure, all

-time private sector

employment highs and continuing population growth.

22 _{Source: “}Hot Spots 2025 Benchmarking the future competitiveness of cities” The Economist Intelligence Unit Limited, 2013

A Global Competitive City

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OF OFFICE INVENTORY

WAS BUILT IN THE LAST 10 YEARS

4,5

5 %

Job growth is needed to satisfy supply.

The 2011-2015 CAGR is 1.5%

3

.5%

weighted average office

building age in Manhattan

60.4

y

e

a

rs

tenants are looking

for open floor plans

and modern features

21

century

st

O F O F F I C E S P A C E I N V E N T O R Y H A S B E E N

NorthStar/RXR’s investments may be adversely affected by economic cycles and risks inherent to the New York Metro area, especially New York City, and risks inherent in geographic concentrations. Because of this concentration, any adverse situation that disproportionally affects the New York Metro area, including a worsening economy, would have a magnified adverse effect on our portfolio. 1) CBRE Research, Q4 2013. 2) Jones Lang LaSalle, Cushman & Wakefield, New York Building Congress New York Office Construction Projections 2014-2018 3) JLL New York Office Outlook, Q3 2015. 3) Bank of America, Guide to New York City Office, 2015. 4) Data taken from New York Building Congress; Wall Street Journal “New York City Office Construction Heats Up” August 2015. The performance of RXR Realty is not indicative of the performance of NorthStar/RXR. RXR Realty and NorthStar/RXR are separate companies.

Despite its large, diverse pool of employers and positive job growth,

New York City’s supply of commercial office space remains constrained

due to aging buildings and relatively low new construction levels.

Supply Imbalance

3 0 M S F

L O S T

R E C E N T L Y

D U E T O T H E L O S S O F T H E W O R L D

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New

York City’s

supply of commercial office space is aging, with little inventory added

in recent years. We believe this imbalance between supply and demand may create

favorable conditions for owners, operators and developers of office real estate.

Constrained Supply

Total Inventory of Commercial Office Space in Manhattan

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We believe the New York real estate market is experiencing a gradual

upswing and will continue to improve in the coming years.

Source: Cushman & Wakefield Capital Markets Report, December 2015

Midtown Manhattan Class A Rents

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Agenda

Why Invest in New York Metro?

Investment Approach

The Power of Local

(28)

NorthStar/RXR New York Metro Real Estate, Inc. (NorthStar/RXR) is

structured as a public, non-traded real estate investment trust (REIT)

formed to create a balanced portfolio of high-quality commercial real

estate and value-add investment opportunities in the New York

metropolitan (Metro) area.

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Investment Opportunity

*There is no guarantee of distributions. Distributions have been paid and may continue to be paid from sources other than cash flow from operations, including offering proceeds, borrowings or sales of assets and distributions may exceed earnings, which may reduce an investor’s overall return. As with any real estate investment, there are various risks including but not limited to: unfavorable market conditions, loss of principal and limited liquidity. NorthStar/RXR may change its targeted investments or investment policies without stockholder consent. NorthStar/RXR’s investments may be adversely affected by economic cycles and risks inherent to the New York metro area, especially New York City and to risks inherent in geographic concentrations. Because of this concentration, any adverse situation that disproportionately affects the New York metro area, including a worsening of economy, would have a magnified adverse effect on our portfolio.

NorthStar/RXR is intended for investors seeking:

Exposure to a dynamic New York Metropolitan

(Metro) commercial real estate market.

Potential for capital appreciation and

risk-adjusted returns.

(30)

As with any real estate investment, there are various risks including but not limited to: unfavorable market conditions, loss of principal and limited liquidity. NorthStar/RXR may change its targeted investments or investment policies without stockholder consent. NorthStar/RXR’s investments may be adversely affected by economic cycles and risks inherent to the New York Metro area, especially New York City and to risks inherent in geographic concentrations. Because of this concentration, any adverse situation that disproportionately affects the New York Metro area, including a worsening economy, would have a magnified adverse effect on our portfolio.

NorthStar/RXR intends to concentrate on high-quality, well located

commercial real estate (CRE) throughout the New York Metro area with

strong cash flow and/or value-add opportunities.

Emerging

Sub-Markets

Recapitalizations/

Selective Lending

Manufactured

Opportunities

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Investment Highlight

–

Acquisition

Investment Summary

1285 Avenue of the Americas

Acquired an indirect minority interest in an

office building located in Midtown Manhattan

as part of a $1.65 billion transaction sourced

by RXR Realty, NorthStar/RXR’s co

-sponsor

and affiliate of its sub-advisor.

• Purchase Price:

$4,400,000¹

• Acquisition Date:

May 2016/Dec 2016

• Location:

Midtown Manhattan

• Square Feet:

1.8 million²

• Property Type:

Class-A Office

• Year Built/Renovated: 1960/2006

1) NorthStar/RXR participated in the transaction with an investor group led by RXR Real Estate Value Added Fund - Fund III LP, an institutional real estate private equity fund sponsored by RXR Realty, LLC, as well as other institutional third party real estate investors and high net worth individuals by acquiring an indirect minority interest for a purchase price of approximately $1.9 million in May 2016. NorthStar/RXR completed a $2.5 million follow-on investment in December 2016 using proceeds from the offering, for a total investment amount of approximately $4.4 million. 2) Includes 25,000 square feet of retail space and approximately 84,000 of below-grade square footage. NorthStar/RXR owns an indirect minority interest in the property depicted in the photos. All information provided is as of the acquisition date unless otherwise noted and we undertake no duty to update such information.

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Maximizing Value with Flexible Exit Strategies

Buy Wholesale, Sell Retail

Sell

Interests

in Assets

Sell

Portfolio

Sell

Individual

Assets

List on

Public

Exchange

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1) There is no guarantee of distributions. Distributions have been paid and may continue to be paid from sources other than cash flow from operations, including offering proceeds, borrowings or sales of assets, which may reduce an investor’s overall return. 2) There are no assurances that the program will ever complete a liquidity event. 3) AL, CA, IA, KS, KY, MA, ME, MO, NE, NV, NJ, NM, ND, OH, OR , PA, TN and VT impose more stringent suitability requirements. Please review the prospectus prior to investing or recommending that clients invest. NorthStar/RXR is not available to residents of PA. 4) Net worth does not include home, furnishings and personal automobiles.

NorthStar/RXR Offering Details

Co-Sponsors

Investment Focus

Offering Type

Colony NorthStar, Inc. and

RXR Realty LLC

New York Metro

Real Estate

Public, Non-Traded

REIT

Distribution Schedule¹

Minimum Investment

Expected Term²

Monthly

$4,000 Taxable and

Tax-Deferred Investment

5 to 8 Years

Investor Suitability³

Net worth of at least $250,000 or gross annual income of at least

$70,000 and a net worth of at least $70,000

4

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NOT ALL REITS

ARE CREATED

EQUAL

Speaker Name

Title

FOR MORE INFORMATION

Contact your Financial Advisor and ask for a

client investor kit.

www.NorthStarSecurities.com/RXR | Sales Desk 877.940.8777

This investment is not suitable for all investors.

(1)

Investment Opportunity

NorthStar/RXR is intended for investors seeking:

Exposure to a dynamic New York Metropolitan

(Metro) commercial real estate market.

Potential for capital appreciation and

risk-adjusted returns.

(2)

NorthStar/RXR intends to concentrate on high-quality, well located

commercial real estate (CRE) throughout the New York Metro area with

strong cash flow and/or value-add opportunities.

Emerging

Sub-Markets

Recapitalizations/

Selective Lending

Manufactured

Opportunities

(3)

Investment Highlight

–

Acquisition

Investment Summary

1285 Avenue of the Americas

Acquired an indirect minority interest in an

office building located in Midtown Manhattan

as part of a $1.65 billion transaction sourced

by RXR Realty, NorthStar/RXR’s co

-sponsor

and affiliate of its sub-advisor.

• Purchase Price:

$4,400,000¹

• Acquisition Date:

May 2016/Dec 2016

• Location:

Midtown Manhattan

• Square Feet:

1.8 million²

• Property Type:

Class-A Office

• Year Built/Renovated: 1960/2006

(4)

Maximizing Value with Flexible Exit Strategies

Buy Wholesale, Sell Retail

Sell

Interests

in Assets

Sell

Portfolio

Sell

Individual

Assets

List on

Public

Exchange

(5)

NorthStar/RXR Offering Details

Co-Sponsors

Investment Focus

Offering Type

Colony NorthStar, Inc. and

RXR Realty LLC

New York Metro

Real Estate

Public, Non-Traded

REIT

Distribution Schedule¹

Minimum Investment

Expected Term²

Monthly

$4,000 Taxable and

Tax-Deferred Investment

5 to 8 Years

Investor Suitability³

Net worth of at least $250,000 or gross annual income of at least

$70,000 and a net worth of at least $70,000

4

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