EFTA01454614.pdf

RRP72 - Southern Financial Benefits Provided by the DB Platform Extensive real estate & asset management capabilities of the DB Platform provide the Partnership with the focus, depth and scale needed to execute its strategy. Platform Capability Benefit Provided to Partnership • DB Platform's rigorous investment and risk management processes have been developed and Disciplined refined over multiple real estate cycles. 1 Investment • Team will use and adapt the rigorous investment process in connection with the Team's evaluation of Process potential project opportunities. Sophisticated • DB Platform maintains House Forecasts, Qualitative Inputs and a Quantitative Allocation Model to View on Markets address risk and opportunity across markets and sectors. 2 and Competitive • Team believes that having access to this type of proprietary analysis will enhance the Team's overall Trends project screening and evaluation efforts. Expertise in • DB Platform has extensive experience performing comprehensive risk-reward analysis on Counterparty and prospective projects, with a focus on relative values among target assets. Real Estate Credit • Team expects to leverage this expertise to ensure that counterparty and real estate credit risks are Underwriting appropriately assessed and used in project structuring and analysis. Extensive Real • Since 2003, U.S. transactions group has acquired >350 assets ($25 billion+) and disposed >500 Estate Acquisition assets ($22 billion+) across multiple property types. 4 and Disposition • Team believes that this extensive experience may provide valuable insights to the Partnership in Experience structuring certain retrofit projects. • Asset Management team is responsible for overseeing the leasing the 100.7m sq. ft. US portfolio representing >5,800 tenants. To maintain stabilized occupancy, the Asset Management team works Deep Leasing 5 closely with tenants and leasing brokers in all major markets in the US. Knowledge Team will draw upon the DB Platform's multi-decade tenant leasing experience, allowing the Team to more effectively structure projects and to target attractive market categories. • Asset management relationships contribute significantly to the broader real estate network and Asset information advantage available to all of the firm's teams. 6 Management • Team expects to access this experience and these relationships as part of its efforts to source and Experience manage high-quality retrofit projects. Deutsche Asset RREEF Retrofit Partners. L.P. For U.S. Person Clients of the U.S /Americas Key Client Partners Desk Only W.≥alm June 2014 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112844 CONFIDENTIAL SDNY_GM_00259028 EFTA01454614