👁 1
💬 0
📄 Extracted Text (581 words)
From: David Stern
Sent: Wednesday, October 21, 2015 5:08 PM
To: Jeffrey Epstein
Subject: Fwd: Richmond and Baltimore FBI Field Offices
Attachments: FBI Field Offices Baltimore and Richmond v1 for J 10 7 2015.pdf; Untitled attachment
00205.htm; Analysis Baltimore 10 7 15.pdf, Untitled attachment 00208.htm; Richmond
Analysis v2 10 7 15.pdf; Untitled attachment 00211.htm; IGP US Gov Program.pdf,
Untitled attachment 00214.htm
Importance: High
- $25 million of equity for $80 million =cquisition of two FBI buildings.
- Pipeline =hat requires $75 million more right behind these first two
- Guy involved created the US government lease =rogram
- one asset just renewed for another 15, =nd the other that's 5 years left is confirmed to do so.
Begin forwarded =essage:
From: =/b>"Jonathan D. Fascitelli"
Subject: =/b>Richmond and =altimore FBI Field Offices
Date: =/b>8 October 2015 19:03:12 BST
To: ./b>"David Stern
Cc: Simon Joory MM=IM
David:
I saw =imon this week and he mentioned that your clients are seeking US =roperties with more cache. I am
partnered with a gentleman who =reated the US government lease program. We are rebuilding his =ortfolio after he
sold off his old portfolio which was heavily financed =y Middle Eastern Money. We have the opportunity to acquire FBI
=nd Court House buildings. The returns are in the low teens, but =he credit is backed by the US Government, so
effectively is like a high =ield bond with treasury like security. But moreover, there are a =00 or so targets, all of which
my partnered knows intimately. =hese are sexy assets.
The first two deals require $25 million of equity for the $80 =illion acquisition of two FBI buildings. Your
clientele will be =wners of US FBI buildings, structured passively through Cayman Island =ehicles. Attached are a slide
deck showing the information =equested and the more detailed two page analyses for the FBI potential =cquisitions for
the Baltimore, MD and the Richmond, Va. FBI Field =ffices. I've also enclosed a two page summary showing =here the
FBI fits in the U.S. Program (Page 1, Specialization).
EFTA_R1_01943439
EFTA02671775
The =resident of the developer for these two FBI assets, the Penrose =orporation, has joined with us to place our
response to the Seller. My =artner originally purchased these assets from the Penrose Corporation =n occupancy by the
FBI and owned them for about three years. The =SA, on behalf of the FBI, has just exercised their 5 year option
=beginning on January 1, 2016) contained in the initial lease. =imilar to Baltimore, we believe, based on our inquiries,
that the FBI =ill renew this lease at the end of the five year term. The =acility was designed and built to accommodate
expansion. My =artner is the best at the business in managing these type of =ssets.
We have a pipeline that requires $75 million more right =ehind these first two. Ideally an investor would
commit $100 =illion in one go, but we can start with the $25million if easier.
The money =eeds to be committed by November 15th.
Please =reat as confidential.
Jon
Blue Atlantic Capital LLC
The information transmitted is intended =nly for the person or entity to which it is addressed and may contain
=onfidential or privileged material. Any review, retransmission, =issemination or other use of, or taking of any action in
reliance upon, =his information by persons or entities other than the intended =ecipient is prohibited. If you received
this in error, please notify =he sender and delete the material from your computer.
2
EFTA_R1_01943440
EFTA02671776
ℹ️ Document Details
SHA-256
89433a2bc1489f740b52a176774f67fbe2c65e496dd9f2609a6676989f7d6315
Bates Number
EFTA02671775
Dataset
DataSet-11
Type
document
Pages
2
💬 Comments 0