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📄 Extracted Text (707 words)
From: ""Gi Feather" on behalf of "Gerald Barton"
II
To: "Jeffrey Epstein" <[email protected]>
Subject: RE: Landmark
Date: Sat, 19 Dec 2009 19:11:44 +0000
Inline-Images: Landmark_Land_Tree_Orange.JPG
Jeffrey,
I suggest December 28th if that works for you. In Cleveland we met with Ed Schwartz and a trio of officers from the much
more powerful Towson Group that dominates the industry. Both thought it was an interesting idea, but would take 18 months
to 2 years to put together. The Towson Group has discretionary money and we will talk with them later.
Look forward to seeing you. If you get a better deal, take it and let me know.
Jerry
From: Jeffrey Epstein [mailth:jeevacation@gmaitoam]
Sent: Saturday, December 19, 2009 1:57 PM
To: Gerald Barton
Subject: Re: Landmark
what happend at the shwartz meeting
On Wed, Dec 16, 2009 at 9:46 AM, Gerald Barton > wrote:
Jeffrey,
Here I come again, with embarrassment and great reluctance, to ask for a piece of your most valuable asset,
your time. When we last spoke, I told you that my job was to find a way that Landmark could sustain its
losses until the second home market recovered in its two excellent projects, South Padre Island and Barbados,
and it had an opportunity to take advantage of the collapse of our industry and acquire and turn around some
major developments. Over the years, Landmark has been the premiere leader in acquiring and turning around
troubled resort projects such as La Quinta, Oak Tree, Cannel Valley Ranch, Mission Hills, Palm Beach Polo,
and Kiawah island.
In the time since we last spoke, the markets are beginning to improve and the question is will they improve
fast enough to allow Landmark to meet its obligations. Also in this time, we have entered into a contract,
subject to financing, to acquire Bright's Creek, a 5,000 acre development in North Carolina that I believe we
discussed in our last meeting. Now I would like some of your time to get your thoughts on how I might best
acquire Bright's Creek and on how I might borrow against good security for a short period of time, if in fact
the sales in our projects did not meet our corporate needs. Enclosed is a financial package that I sent last week
to our Board of Directors. It recites our best guess at projections for 2010, but as we all know, projections are
merely guesses of the future.
Obviously I want to meet at a time most convenient for you and I thought, because of the muted business
activity between Christmas and New Year's, this might be a good time. If that works for you, I will come at
any time of your convenience. If this does not work for you, I could come before Christmas or after the first of
the year. Please do not let me interfere with anything that is fun.
Look forward to hearing from you. Hope you are well and that Gary and Stephen are not driving you crazy.
EFTA00767023
Jerry
Gerald G. Barton
Landmark Land Company, Inc.
P.O. Box 1880
Upper Marlboro, MD 20773
Phone:
Fax:
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EFTA00767024
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EFTA00767023
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