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From: Jaeger, Bruce To: jeffrey E. <[email protected]> Subject: REIT Operating Units Date: Tue, 08 Aug 2017 18:51:35 +0000 For Information & Discussion Pu
for the loan. This is subject to another set of criteria which uses the diversified exchange fund units as collateral for a loan. We are not sure if the Exchange Fund would accept "operating" units but, for tax efficiency, the units would need to be contributed to the fund and then converted into shares by the fun
From: Jaeger, Bruce <I To: Paul Barrett < >, Jeffrey E. <jeevacationggmail.corn> CC: Richard Kahn <I Subject: RE: REIT Operating Units Date: Tue, 22 Aug 2017
for the loan. This is subject to another set of criteria which uses the diversified exchange fund units as collateral for a loan. We are not sure if the Exchange Fund would accept "operating" units but, for tax efficiency, the units would need to be contributed to the fund and then converted into shares by the fu
ubject: RE: REIT Operating Units Date: Tue, 22 Aug 2017 16:12:05 +0000 Importance: normal Which entity would you like to use? Paul Barrett From: Jaeger, Bruce Sent: Tuesday, August 22, 2017 9:54 AM To: Paul Barrett jeffrey E. Cc: Richard Kahn Subject: RE: REIT Operating Units Paul, The presenta
for the loan. This is subject to another set of criteria which uses the diversified exchange fund units as collateral for a loan. We are not sure if the Exchange Fund would accept "operating" units but, for tax efficiency, the units would need to be contributed to the fund and then converted into shares by the fu
From: Jaeger, Bruce To: jeffrey E. <[email protected]> Subject: RE: REIT Operating Units Date: Tue, 08 Aug 2017 20:30:40 +0000 Not sure —will revert as soo
for the loan. This is subject to another set of criteria which uses the diversified exchange fund units as collateral for a loan. We are not sure if the Exchange Fund would accept "operating" units but, for tax efficiency, the units would need to be contributed to the fund and then converted into shares by the fu
el.com/> 3 Bryant Park I 3rd Floor I New York, NY 10036 From: jeffrey E. [mailto:jeevacation@gmailcom] Sent: Tuesday, August 08, 2017 4:14 PM To: Jaeger, Bruce (New York 3 Bryant) Subject: Re: REIT Operating Units EFTA_R1_01872655 EFTA02639973 i assume there is tax risk if they have to exchange f
for the loan. This is subject to another set of criteria which uses the diversified exchange fund units as collateral for a loan. We are not sure if the Exchange Fund would accept "operating" units but, for tax efficiency, the units would need to be contributed to the fund and then converted into shares by the fun
Entities connected to both Jaeger and the Exchange Fund

Jeffrey Epstein
PERSON
George W. Bush
PERSON
Bryant
PERSONStifel Bank & Trust
ORGANIZATIONConvertible REIT Operating Units
ORGANIZATIONStifel Bank
ORGANIZATION
Paul Barrett
PERSONST Capital Gains
ORGANIZATION
Richard Kahn
PERSONSagewood Asset Management
ORGANIZATION