EFTA Document EFTA01455913

To: Mau Glassman Cc: Paul Morris: Daniel Sabha: Tazia Smith: Vahc Stepanian: Richard Kahn Subject: Re: Marina REIT ICI how much would the bank lend using the postion as collateral. ? but personally guarteed? On Mon, Oct 27, 2014 at 11:34 AM, Matt Glassman < Classification: Confidential Hi Jeffrey, > wrote: Attached, you will find an overview of an investment opportunity for our qualified clients - it is a private marina REIT. To be clear, this a private company not a fund. This investment opportunity targets an 8%+ current yield from the net profits of the underlying Marina holdings. The J-curve up to that yield is anticipated to be just limos as properties will be contributed for equity immediately. The current fragmented nature of the marina industry, their valuations, and the barriers to entry present an interesting fundamental opportunity. Liquidity/cap rate compression (in both our base and bull cases) is an IPO in 3-4yrs. Regards, Matt Matt Glassman Vice President I Key Client Partneis - US Deutsche Bank Securities Inc Deutsche Asset & Weigel Management 345 Park Avenue Eew el. obi Email This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0114933 CONFIDENTIAL SDNY_GM_00261117 EFTA01455913