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efta-efta01898320DOJ Data Set 10CorrespondenceEFTA Document EFTA01898320
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To:
Richard Kahn
From:
Jeffrey Epstei
Sent
Thur 3/14/2013 10:19:50 AM
I we are tranferingownship, so this is the first time financials need review . Initiallym I was told
the deal was 5050 straight up. We have never done any other type of real estate deal. Never.
When asked about the original contracts, jeffrey said, we are equal partners
so who cares . 2. when the question of painting and the poorbmainetence did jeffrey ask the first
question . When we ere too Told it would 100knplusto paint we said yes of course we pay half.
The property is looking tired. Jeffrey asked did we take out money. I said only 250k .mhe asked
if that was also the case with the otherbside. And I told him no, they have taken out nearvton4
million dollars. 4,jeffrey called Andrew and Andrew said they had only taken 250 as well. 5 .
Fees commissions. Expenses have been taken without review, and as I said before , I know jeffrey
assumed 50!59!means just that . Detailes. Lease , no makeup , when tenants don't pay. Fuel ,
charge us at retail and then a fee on rev. , 28!employees . Leasing agent salary? No cap ex
because it went to fees.
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EFTA_R1_00325361
EFTA01898320
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