This document discusses the changes and uncertainties of 2017 with Britain leaving the EU and Trump becoming US President. It emphasizes the need for stability and calm leadership during times of change. The author intends for their real estate fund to provide stability and consistency for clients by maintaining their conservative strategy and intimate size, allowing them to adapt quickly while valuing all partners. They hope all investors and tenants will flourish under their proper care and solid returns on investment.

1. At times of change and uncertainty stability is essential and of course 2017 will be a year of change;
Here - Britain will almost certainly trigger article 50 of the European constitution and thereby
beginning the process of leaving the E.U., an act which may well have significant consequences, and
on Friday President Trump will be inaugurated as the President of the United States of America, a
process which will certainly mean a significant change of direction and style. Who knows whether
these changes will be positive or not – but changes and uncertainty there will most certainly be. I am
certain that as a world we will need some figures of calmness and some centres of stability because,
though people need change, it can often be bewildering and in some cases overwhelming. As I often
seem to, I happen to come across at an apt time the quote on a calendar on my desk that was from
German Philosopher Friedrich Nietzsche;
“Madness is the result not of uncertainty but of certainty”
Then this morning while attending a service 20 yards down the road from our offices at
Christchurch here in Oxford, i heard the Dean repeat the words of King George from Christmas
day 1939.
And I said to the man who stood at the gate of the year: “Give me a light that I may tread safely into
the unknown.”
And he replied:
“Go out into the darkness and put your hand into the Hand of God. That shall be to you better than
light and safer than a known way.” So I went forth, and finding the Hand of God, trod gladly into the
night. And He led me towards the hills and the breaking of day in the lone East.”
I am determined that as a company, as a fund manager, advisor that we will follow these
suggestions this year more than ever. We will indeed move forward with confidence and remain
a figure of calmness for our clients, our centre of stability of residential real estate for
income will remain the mainstay and DNA of our lives here and we will do this knowing the we
have things upon which we can depend - our conservative strategy and approach, the intimacy
and nimbleness of our size which means we can adapt quickly and value every partner equally
and highly. I hope that all our team, all investors and all tenants flourish because they’re
properly cared for and their ROI is consistent and solid. We can all move forward we great
confidence in these facts!
Adam Mackrell
Director
Oxford Spires Group (Advisor to Oxford Spires REIF LP residential real estate fund)
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this, any comments are appreciated - we speak up and would like you to do so too - We
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