EFTA02373252

From: Samuel Belzberg of Samuel Belzberg Sent: Monday, February 2.1 1.11 To: Jeffrey Epstein Subject: Launch of Balfour Pacific Opportunities Fund IV Click Here: Opportunities=Fund IV Offering Summary <http://balfourpa=ific.usl5.list- managel.com/track/click?u=3abb20daa1c06ef0a346a9ed7&id=3D717e5144e7&e=82cdd0772e> Launch of Balfour Pacific Opportuni=ies Fund IV Dear Jeffrey, on behalf Over the past decade, Gibralt Capital has launched three highly successf=l investment funds. The first of our two real estate funds is fully=invested and has achieved a partial exit through the specially created NY=E-listed City Office REIT. The second fund is almost fully invested and m=nagement has begun to realize on their assets. In January of this year, we created our new fund management entity, Ba=four Pacific Capital Inc. (www.balfourpacific.com <http://balfourpacific.us15.list- man=ge.com/track/click?u=3abb20daalc06ef0a346a9ed7&id=6cSa237bba&e==2cdd0772e> ) under the continued lead=rship of Sam Belzberg. We will carry on the success of Second City funds=with the launch of Balfour Pacific's Opportunities Fund IV (click=here for offering summary <http://balfourpacific.usl5.list- manage2.com/track/cli=k?u=3abb20daa1c06ef0a346a9ed7&id=fe6504dbc8&e=82cdd0772e> ). This fund will focus=on out-of-favour and secondary markets. Investors may choose one or both=of two limited partnerships: 1. The US$20= million Real Estate LP will invest only in real estate. 2. The US$10= million Mixed LP will invest up to 50% in real estate pro-rata with the=Real Estate LP, and will also invest in operating companies, with a f=cus on opportunistic acquisitions in the oil & gas servicing sector i= Western Canada. Balfour Pacific's parent company=2C Gibralt Capital, has acquired two assets and has contracted to acqui=e a third asset, a portfolio of buildings, which will be rolled into=the fund at cost: • Auburn Hi=ls - a 450,000 s.f. + Class B office building for close to $52.5 per s.=. • Longmont=2C Colorado- a 27 building, 869,000 s.f. office, flex, industrial=portfolio for $82 per s.f. and 9.4% unlevered cash yield (under contract)=2E • Can Am Ge=matics (for Mixed LP only) — a leading provider of surveying, m=pping and geomatics to the oil and gas industry in Alberta. aspan> Typically, our acquisitions have been made i= partnership with talented local operating groups that invest a material=amount of their own equity alongside ours. This strategy has enable= Balfour to develop superior local market insight and introduction to add=tional opportunities. This source of deals is in addition to the de=I flow generated from decades of investing throughout North America. EFTA_R1_01378188 EFTA02373252 Should you wish to learn more about our new fund please free to reach out=to us at 604.687-3707 or at the email address shown below. Ple=se review the attached offering s=mmary <http://balfo=rpacific.usl5.list- manage2.com/track/click?u=3abb20daa1c06ef0a346a9ed7&=d=313fafeb37&e=82cdd0772e> . Regards, <https://gallery.mailchimp.c=m/3abb20daalc06ef0a346a9ed7/images/2c18bc36-ec41-43c5-9b65493d5d91d4ac.j=g> &nbs=; =img width="75" height="26" style="margin: 0px;border: 0px currentCo=or;border-image: none;width: 75px;height: 26px;outline: none;text-decorat=on: none;-ms-interpolation-mode: bicubic;" src="https://gallery.mailchi=p.com/3abb20daa1c06ef0a346a9ed7/images/e7476f12-c838-4dc7-a030- bdld9ec26b=e.jpg" data-file-id="127015"> =nbsp; &n=sp; <https://gallery.ma=lchimp.com/3abb20daalc06ef0a346a9ed7/images/99dcb571-dd74-4a8f-a123-5d11b=118ebl.jpg> Sam Belzberg = &=bsp; &n=s •Mark Scott =nbs • &n=sm Dou Pulver ailto > &nbs=; =2Ecom = = <https://cdn-images.mailchimp.com/icons/social-block=v2/color-link-48.png> = </=r> --> Copyright © 2017 Balfour Pacific Capi=al Inc., All rights reserved. Second City Real Estate and Gibralt Capital Our mailing address is: Balfour Pacific Capital In=. 1075 West Georgi= Street, Suite 2600 Vancouver, <=pan class="region">BC V6E 3C9 Canada Add us to your address book <http://balf=urpacific.usl5.list- manage.com/vcard?u=3abb20daa1c06ef0a346a9ed7&id=d=597294c1> Want to change how you receive these emails? You can u=date your preferences <http://balfourpacific.usl5.list- manage.com/profile?==3abb20daa1c06ef0a346a9ed7&id=d9597294c1&e=82cdd0772e> or unsubscribe from this list <http://balfourpacific.us15.list- m=nage.com/unsubscribe?u=3abb20daalc06ef0a346a9ed7&id=d9597294cl&e==2cdd0772e&c=cablc66803> <http://www.mailchimp.com/monkey- rewards/?utm_source=freemium=newsletter&utm_medium=email&utm_campaign=monkey_rewards&aid=3abb20d=a 1c06ef0a346a9ed7&afl=1> <http://balfourpacific.us15.list- manage.com/track/open.php?==3abb20daalc06e10a346a9ed7&id=cablc66803&e=82cdd0772e> 2 EFTA_R1_01378189 EFTA02373253