EFTA Document EFTA01471442

Subject: Re: Marina REIT [C] From: Paul Morris ‹ > Date: Mon, 27 Oct 2014 16:31:56 -0400 To: [email protected] Cc: Classification: Confidential will come back to you but as TS mentioned low, would it be for you? Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York, NY 10154 Office: Cell: From: "jeffrey E." <[email protected]> To: Matt Glassman/db/- , Cc: Paul Morris/db/ , Tazia Smith/db/ , Richard Kahn 12:07 PM Subject: Re: Marina REIT [C] , Daniel Sabba/db/- , Vahe Stepanian/db/- Date: 10/27/2014 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 a wrote: Classification: Confidential Hi Jeffrey, 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 896+ EFTA01471442 current yield from the net profits of the underlying Marina holdings. The 3- 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 Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue New York, NY 10154 Tel. Mobile 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. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited EFTA01471443 and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01471444