EFTA01386067.pdf

On the lending front, we looked at (and passed on) a pre-k education roll-up business. We know that Safanad buys data centers and does aviation finance, so will continue to pursue opportunities there. We have shown Safanad a few real estate transactions including MCM and the Elara hotel. The main challenge here is sourcing transactions that are interesting to Safanad Confidential CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0087603 CONFIDENTIAL SDNY_GM_00233787 EFTA01386067