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isis we only sold 21 houses 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
resort 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.
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. South 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-retirement, retirement buyers, howe
,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. South 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-re
resort 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. Up
o 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. South 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-retirement, retirement buyers, howe
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
be built. After Lloyd Bentsen's death, we bought from hi= estate, at a very attractive price, his interest, and it is now owned 1=0% by Landmark. South Padre Island Development is on the right side of history in that it off=rs good value, in warm weather. on the water for middle-class pre-retireme=t, retirement buyers, howe
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 built. After Lloyd Bentsen's death, we bought from =is estate, at a very attractive price, his interest, and it is now owned=100% by Landmark. South Padre Island Development is on the right side of history in that it o=fers good value, in warm weather. on the water for middle-class pre-retire=ent, retirement buyers, howe
Entities connected to both Landmark and South Padre Island Development

Jeffrey Epstein
PERSON
Barbados
LOCATIONLandmark Land Company, Inc.
ORGANIZATIONApes Hill
LOCATIONSouth Padre Island
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LOCATIONSouth Padre
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LOCATIONLewie Ranieri
PERSONBarton
PERSONFour Seasons
ORGANIZATIONArcos Gardens
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Barry Diller
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the Board of Directors
ORGANIZATIONLake Presidential
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Golf Digest
ORGANIZATIONthe Court of Claims
ORGANIZATIONApes Hill Club
ORGANIZATION