📄 Extracted Text (720 words)
From: Balfour Pacific Capital Inc.
Sent: Wednesday, March 27, 20 :
To: Jeffrey Epstein
Subject: Balfour Acquires Phoenix Corporate Tower
Balfo=r Pacific is pleased to announce that it has acquired Phoenix Corporate T=wer, as the final investment in Balfour
Pacific Real Estate IV, LP.=C2 View t=is email in your browser
Balfour Acquires Phoenix Corporate=Tower
Balfour Pacific Capital Inc. ("Balfour Pacifi=") is pleased to announce that it has acquired Phoenix Corporate Tower,=as
the final investment in Balfour Pacific Real Estate IV, LP. Th= 26-story Class B+ tower is a unique mid-century modern
office tower of 4=7,893 SF located in the Midtown market of Phoenix, Arizona. The=building is adjacent to a light rail
transit station with access to Centr=l Phoenix, Tempe and the Phoenix Sky Harbor International Airport. = It is directly
across from the Park Central Mall, which is undergoing=a major redevelopment including the construction of the $100
million Crei=hton University medical school campus.
The acquisition fits squarely within Balfour Pacific's value-add strategy-of investing in high-growth or undervalued U.S.
markets at below replacem=nt cost. The building has been extensively upgraded, is located w=thin a rapidly growing
amenity base, while still offering significant I=ase-up potential. The market fundamentals are improving in the Midt=wn
market, which is partly fueled by inbound migration to Phoenix from=higher-cost states.
Balfour Pacific is acquiring the property in partnership with Ryan Compani=s, which recently completed a two million-SF
office development in Ariz=na, the largest in the state's history. "Ryan Companies is a lead=r in the Phoenix market, and
it has an exceptional track record through=ut the country. We are pleased to be partnering with them," comme=ted
Mark Scott, Managing Partner of Balfour Pacific. Alisa Timm=2C Ryan Companies' Regional Director of Management and
Building Services=added "Balfour's keen eye for investments that have exceptional potential=aligns with our strengths in
cost-effective operations and developing cre=tive leasing strategies."
About Balfour Pacific
Balfour Pacific is a Vancouver-based private equity real estate firm focus=d on value-add investments in the United
States. Should you wish to=learn more about Balfour Pacific or this transaction, please visit our=website,
www.balfourpacific.com <https://balfourpacific.usalist-
manage.com/track/c=ick?u=3abb2Odaa1c06ef0a346a9ed7&id=3ac3e4dbed&e=82cdd0772e> .
=span style="font-size:10px">The information in this email is not defini=ive investment advise, should not be relied on
as such, and shou=d not be viewed as a recommendation to invest. This document i= not an offer or solicitation to buy
or sell interests in BPRE Fund IV (or in any other fund vehi=le), which is no longer open for investment to new investors.
The information in this email should be considered=current only as of the date of its dissemination. This email is
con=idential and intended solely for the use of the individual or entity to w=om it is addressed. You must not
copy,=send, forward, distribute or publish this email, or any part of it=2C without Balfour's prior written consent. If you
EFTA_R1_01859965
EFTA02634794
have rece=ved this email in error please notify the system manager and Balfour and=refrain from disclosing, copying,
distributing or taking any action i= reliance on the contents of the email.
Notice to investors in the=European Economic Area ("EEA"): This email doe= not constitute an offer of interests in BPRE
Fund IV to investors domici=ed or with a registered office in the EEA.&nbs=; None of BPRE Fund IV, its general partner or
any of their resp=ctive affiliates intends to engage in any marketing (as defined in the Al=ernative Investment Fund
Managers Directive) in the EEA with respect to i=terests in BPRE Fund IV. Receipt=of this email by an EEA investor is
solely in response to a request for i=formation about BPRE Fund IV which was initiated by such investor. Any other
receipt of this email is in er=or and the recipient thereof shall immediately return to BPRE Fund IV, or destroy, this email
without=any use, dissemination, distribution or copying of the information se= forth in this email. <=span>
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Copyright © 2019 Balfour Pacific Capi=al Inc., All rights reserved.
Second City Real Estate and Gibralt Capital
Our mailing address is:
Balfour Pacific Capital In=.
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Vancouver, <=pan class="region">BC V6E 3C9 Canada
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ℹ️ Document Details
SHA-256
b23bf9398052d427529fcd9f70b4ef44ffb93de4119ecd9215ccc3c6de8ac8f4
Bates Number
EFTA02634794
Dataset
DataSet-11
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Pages
2
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