EFTA02650620.pdf

From: jeffrey E. <[email protected]> Sent: Wednesday, May 30, 2018 9:57 PM To: Richard Kahn Subject: Fwd: AYH it begins Forwarded message From: Farkas, Andrew L. D=te: Wed, May 30, 2018 at 5:49 PM Subject: AYH To: Florida Science Fo=ndation <[email protected]=/a» <mailto:[email protected]> At an 8.5% cap rate, after allowing for a 2.5% an=ual capex requirement, we believe the current value approximates $20mm. =AO There is a $12mm mortgage. As I said before, the asset has =trategic value to the IGY network so IGY is not a seller at this number, n=r, as someone who considers himself to be amongst your best friends, would=l suggest that you be. But you asked and so I am responding. Current NOI a=proximates $1.7 mm. Also, your discounts on everything ranging from fuel t= dockage to Office space approximates $180k/year. That would add to the NO=. But even if IGY bought it I would not be so petty as to do anythin= less than just maintain those benefits to you. Anyway, it's your =all. And I love you. So I do not wish to compel you either way. Xoxo Sent from my iPhone This message, and any attachments hereto, is confidential and intended excl=sively for the use of the individual or entity to whom it is addressed. Th=s communication may contain information that is confidential, proprietary,=privileged, subject to a confidentiality and/or non-disclosure agreement, =r otherwise exempt or protected from disclosure (either by contract or und=r applicable law). If you are not the intended recipient, you are hereby n=tified that printing, retaining, reproducing, copying, disclosing, dissemi=ating or using this message or any information contained herein (including=any reliance thereon) is strictly prohibited. If you have received this me=sage in error, please contact the sender immediately and destroy the messa=e (including any attachments) and any copies in their entirety, whether in=electronic or hard copy format. Nothing contained in this e-mail shall be =onsidered a legally binding agreement, amendment or modification of any ag=eement with Island Capital Group LLC or any of its affiliates, each of whi=h requires a fully executed agreement to be received by Island Capital Gro=p LLC or such affiliate. =C2 please note The information contained in t=is communication is confidential, may be attorney-client privileged, ma= constitute inside information, and is intended only for the use of =he addressee. It is the property ofJEE Unauthorized use, disclosure=or copying of this communication or any part thereof is strictly prohib=ted and may be unlawful. If you have received this communication in =rror, please notify us immediately by return e-mail or by e-mail to EFTA_R1_01891222 EFTA02650620 [email protected]=m, and destroy this communication and all copies thereof, includ=ng all attachments. copyright -all rights reserved </=iv> --000000000000eae76b056d736d33-- conversation-id 5115 date-last-viewed 0 date-received 1527717415 flags 8590195713 gmail-label-ids 7 6 remote-id 824824 2 EFTA_R1_01891223 EFTA02650621