Epstein Secrets

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 16:25:15 +0000 See my initial responses next

let me know how you wish to proceed. Thank you. From: Jaeger, Bruce (New York 3 Bryant) Sent: Tuesday, August 22, 2017 9:54 AM To: 'Paul Barrett; jeffrey E. Cc: Richard Kahn Subject: RE: REIT Operating Units Paul, The presentation by Sagewood Asset Management provides detailed responses to your questions

an send the materials directly to the prospective investor. Please forward and I will submit in the Stifel system for approval. After speaking with Jeffrey, exposures, margin requirements and potential capital calls were key concern(s) as well as fees and transaction costs. The Separate account structur

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

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 presentation by Sagewood Asset Management provides detailed responses to your questions

From: Paul Barrett To: Jeffrey E. <jeevacation(iksmail.com> Cc: Richard Kahn Subj

ce < > wrote: Let me know how you wish to proceed. Thank you. From: Jaeger, Bruce (New York 3 Bryant) Sent: Friday, August 18, 2017 4:35 PM To: 'Jeffrey E.' Subject: RE: REIT Operating Units Jeffrey- As discussed, please call me on Monday once you determine that the client is comfortable with disclosing

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: REIT Operating Units Date: Tue, 08 Aug 2017 18:51:35 +0000 For Information & Discussion Purposes Only Stifel Bank

er, Bruce (New York 3 Bryant) Subject: Re: REIT Operating Units tell me the structure ? On Tue, Aug 8, 2017 at 9:39 AM, Jaeger, Bruce < > wrote: Jeffrey, Good catching up this am. I did a little due diligence and we DO structure loan facilities against REIT Operating Units out of our Stifel Bank & T

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 To: jeffrey E. <[email protected]> Subject: RE: REIT Operating Units Date: Tue, 08 Aug 2017 20:30:40 +0000 Not sure —will revert as soon as I hear back from ou

ork 3 Bryant) Subject: Re: REIT Operating Units tell me the structure ? EFTA00695098 On Tue, Aug 8, 2017 at 9:39 AM, Jaeger, Bruce <1 > wrote: Jeffrey, Good catching up this am. I did a little due diligence and we DO structure loan facilities against REIT Operating Units out of our Stifel Bank & T

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 < Sent: Friday, August 18, 2017 8:35 PM To: jeffrey E. Subject: RE: REIT Operating Units Jeffrey- As discussed, please call me on Monday once you determine that the client is comfortable with disclosing

To: Jaeger, Bruce (New York 3 Bryant) Subject: Re: REIT Operating Units tell me the structure ? On Tue, Aug 8, 2017 at 9:39 AM, Jaeger, Bruce < Jeffrey, <mailto > wrote: Good catching up this am. I did a little due diligence and we DO structure loan facilities against REIT Operating Units out of

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