EFTA02696450

From: Richard Joslin Sent: Friday, March 13, 2015 6:41 PM To: jeffrey E. Cc: Brad Wechsler Subject: NAR funding Attachments: Art Ptsp - Potential Investments.pdf Brad asked that I send you a composite list of asset= held by each trust, BFP and Leon to assist with the selection of assets t= fund NAR. I have used the Dec 31 2014 valuation reports and edited =o remove investments that have been sold and to put a placeholder for planned investments. For assets s=own at $1, some of these investments are reported on a tax basis for which=there is an allocation of non-recourse debt. The upshot is that thes= may be real estate investments that may have terminal value Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 (w) (c) (f) 1 EFTA_R1_02050095 EFTA02696450