EFTA01455921.pdf

From: Paul is j Sent: 10/27/2014 4:31:56 PM To: "eevacation mail.com CC: Subject: Re: Marina REIT (C] 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 Sw ew York NY 10154 From. Jeffrey E' <Ieevac,[email protected]> To: Matt Glassman PaJ Mocrif .. Daniel Sabit l, Tazia Smith Vahe Stepanian Richard Kahn Date. 10/2712014 12.07 PM Subject Re: Marina REIT [C) 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 <[email protected]> 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 8%+ current yield from the net profits of the underlying Marina holdings. The J-curve up to that yield is anticipated to be just 6mos 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 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0114943 CONFIDENTIAL SDNY_GM_00261127 EFTA01455921