Epstein Secrets

h the assets and markets enabled it to underwrite GE's highly complex portfolio (612 assets: 14 countries) in less than a month. BREP Europe IV and BREP VIII acquired substantially all of the European assets in the GE portfolio. which consisted of 222 assets located in eight countries. BREP Europe IV and

5' (For $ in thousands) Fund Investment Period Invested Capitals Net IRR6 BREP Intl '01-05 E657,699 23% BREP Intl II '06-08 1,398,799 6% BREP Europe III '09-13 2,937,663 20% BREP Europe IV '13-Present 3 902 316 21% Total Europe Funds E8,896,477 14% Pre BREP '91-93 $140,714 33% BREP I '

rior Performance of Blackstone Real Estate Investments. The investment objectives of the Partnership are different from the investment objectives of BREP VIII and its predecessor funds in that only a portion of those vehicles' investments were in European investments. In addition, the European markets in w

fair and equitable allocation of expenses. Logicor. Portfolio Vehicles arc expected to engage Logicor, an operating platform owned by BREP VII and BREP Europe III, to provide management and leasing oversight and corporate services to logistics assets. Multi Corporation. Portfolio Vehicles are expected to enga

Realized/Unrealized Gain/(Loss)" are net of €64.8 million of unrealized net currency gain. (206) Total invested capital includes amounts invested by BREP VIII and Blackstone (including its side-by- side investments). ER305378-MAXWELL 172 Blackstone Real Estate Partners Europe V CONFIDENTIAL UBSTERRAMAR

_1_ Blackstone Real Estate Partners Europe V 153 CONFIDENTIAL UBSTERRAMAR00002000 EFTA00237631 Overview of Blackstone Real Estate Investments BREP Europe III Investment Record (E Thousands) Bute of Initial Investment Invromem Stpicoll/cr 30. 2015 Total Ina. led Ca Reath/et! Proceed. l'ortIlii/