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er of Apes Hill Golf Club. It appears this momentum will continue into March, as the acceptance of our golf club is unprecedented in the history of Landmark. Those who have played it universally feel that it is the best in Barbados, the best in the Caribbean, and perhaps the best new golf course in the
pproximately 30 houses built and a little over 20 occupied. The owncrs have great faith in Landmark. They have visited Apes Hill in Barbados and if Landmark could find a little money, I believe we could raise the rest of it from the very affluent lot owners and members that already have a vested interes
e past is the truth, the truth, the truth. The purpose of this letter is to briefly 1. South Padre Island — The history review the operations of Landmark for February. of sales at South Padre Island since it began in 1999 are as follows: 1999 28 2000 70 2001 71 2002 63 2003 71 2004 108 2
ldlife lifted from our most valuable property. In short, South Padre is like so much in our lives, long-term excellent, short-term a disaster. 2. Apes Hill Club — In January we had no contracts or reservations at Apes Hill. In February we had 6. We have projected 23 sales for the year. The last two weeks of
200 left to be built. After Lloyd Bentsen's death, we bought from his estate, at a very attractive price, his interest, and it is now owned 100% by Landmark. EFTA_R1_00202623 EFTA01827481 South Padre Island Development is on the right side of history in that it offers good value, in warm weather. on
esort community in development. While very few foreclosures have taken place to-date, on an average, they have sold for 10 cents on the dollar. 4. Landmark has: • the best reputation in the business, • the management team that created the reputation, and • $153 million tax loss that expires 2022.
fund run by Lewie Ranieri, and on a friendly basis, separated our relationship with Lewie. In 2006 we invested $4 million to purchase one-third of Apes Hill Club, Barbados. South Padre Island proved a success in that we sold approximately 150 houses in 2005, 200 in 2006, 170 in 2007, and in each of these yea
man" size="3"> EFTA_R1_01664176 EFTA02524800 Update of the Last 10 Years D=ring the last 5 years of our fight with the government, because of Landmark's high quality environmental record, Landmark was invited by the=20 European Union to develop the last great sand dune on the west coast of Ireland
left to be built. After Lloyd Bentsen's death, we bought from his estate, at a very=20 attractive price, his interest, and it is now owned 100% by Landmark. S=uth Padre Island Development is on the right side of history in that it offers good value, in warm weather. on the water for middle-class pre
e fund run by Lewie Ranieri, and on a friendly basis, separated our relationship w=th Lewie. In 2006 we invested $4 million to purchase one-third of Apes Hill Club, Barbados. South Padre Island proved a success in that we sold approximately 150 houses in 2005, 200 in 2=06, 170 in 2007, and in each of these
FTA_R1_01664203 EFTA02524816 During the last 5 years of our fight with the government, because of Landmark=92s high quality environmental record, Landmark was invited by the European=20 Union to develop the last great sand dune on the west coast of Ireland. We developed, on a fee basis, the Doonbeg Gol
nd are doing only slightly better than that in 2009. =20 Therefore, the cash flow is not coming from South Padre to Landm=rk, but cash is going from Landmark to South Padre. Recentl= there was some sign of optimism, but in the short run, this may be a fa=se spring. In the long run, I am confident that off
u=d run by Lewie Ranieri, and on a friendly basis, separated our relationsh=p with Lewie. In 2006 we invested $4 million to purchase=20 one-third of Apes Hill Club, Barbados. South Padre Island proved a success in that we sold approximately 150 houses in 2005, 200 in 2006, 170 in 2007, and in each=of these yea
22. Update of the Last 10 Years During the last 5 years of our fight with the government, because of Landmar.'s high quality environmental record, Landmark was invited by the Europe=n Union to develop the last great sand dune on the west coast of Ireland. We developed, on a fee basis, the Doonbeg Go=f C
is we only sold 21 h=uses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run= this may be a false spring. In the
e fund run by Lewie Ranieri, and on a friendly basis, separate= our relationship with Lewie. In 2006 we invested $4 milli=n to purchase one-third of Apes Hill Club, Barbados. South Padre Island proved a success in that we sold approximately 150 houses in 2005, 200 in 2006, 170 in 2007, and in ea=h of these yea
s 2022. =font face="Times New Roman" size="3"> Update of the Last 10 Years D=ring the last 5 years of our fight with the government, because of Landmark's high quality environmental record, Landmark was invited by the=20 European Union to develop the last great sand dune on the west coast of Ireland
left to be built. After Lloyd Bentsen's death, we bought from his estate, at a very=20 attractive price, his interest, and it is now owned 100% by Landmark. S=uth Padre Island Development is on the right side of history in that it offers good value, in warm weather. on the water for middle-class pre
e fund run by Lewie Ranieri, and on a friendly basis, separated our relationship w=th Lewie. In 2006 we invested $4 million to purchase one-third of Apes Hill Club, Barbados. South Padre Island proved a success in that we sold approximately 150 houses in 2005, 200 in 2=06, 170 in 2007, and in each of these
Entities connected to both Landmark and Apes Hill Club

Jeffrey Epstein
PERSON
Barbados
LOCATIONApes Hill
LOCATIONSouth Padre Island
LOCATION
North Carolina
LOCATIONGerald Barton
PERSONGerald G. Barton
PERSONSt. Kitts
LOCATIONSouth Padre
LOCATIONSt. Lucia
LOCATIONUpper Marlboro
LOCATIONBarton
PERSONLewie Ranieri
PERSON
the Board of Directors
ORGANIZATIONLake Presidential
LOCATION
Barry Diller
PERSON
South Texas
LOCATION
Golf Digest
ORGANIZATIONFour Seasons
ORGANIZATION
Ritz-Carlton
ORGANIZATION