Epstein Secrets

r the first and second quarter of the following year. On December 9. 3314, we acquired a second farm that is adjutant to and will be aggregated with Kimberly Vineyard. This property consists of 175 pow acres, with 164 tillable acres. Thin property was acquired for • purchase price of approximareN $9.8 million. Sta

ith the 2015 crop season, the second acquisition property is leased to the same tenant, through a different corporate entity. who leases the initial Kimberly Vineyard and is also structured as a participating lease with a base rent. Because the property consists of two parcels purchased at different times. the parc

development capital expenditures from inception through June 30. 2015 were $22.2 million and total costs of the acquisitions of the second parcel of Golden Eagle Ranch and Kingfisher Ranch includes land costs and preliminary closing costs Represents expiring amoractual rent. CONFIDENTIAL - PURSUANT TO FED. R. CRI

ewed these appraisals. Each property in our portfolio was most recently appraised as of June 30, 2015 other than Falcon Farms, the second parcel of Kimberly Vineyard, the second parcel of Golden Eagle Ranch and Kingfisher Ranch, all of which were acquired between the fourth quarter of 2014 and the date of this pr

our portfolio was most recently appraised as of June 30, 2015 other than Falcon Farms, the second parcel of Kimberly Vineyard, the second parcel of Golden Eagle Ranch and Kingfisher Ranch, all of which were acquired between the fourth quarter of 2014 and the date of this prospectus and are held at cost. Each ful

ce for each property as of the date of this prospectus. IJ Leased lases by Property°. Acreage Term Renewal Rights Lease Type Permanent crops Kimberly Vineyard: 00 5 years later of 10/31/16 or one week Option to extend the after the last day of the 2016 lease term for an hater:M.120 additional fiv

e term for an hater:M.120 additional five yearVb 175 5 years Expiration Later of 10/31/19 or one week after the last day of the 2019 harvesO4 Golden Eagle Ranch. 1.195 5 years The lint to occur of 11i30/19 or one week after the last day of the 2019 almond harvest. Quail Run Vineyard: 145 2 years