From: Stewart Oldfield Sent: 8/22/2016 3• • To: Richard Kah CC: Bruce McDermott oseph Dursi BCC: Subject: Hospital private REIT equity raise Rich, ahe Stepanian We are working on a direct $300mm+ private equity raise for a new hospital REIT. Have had good traction with a group of potential lead investors and are starting to show it to other clients who could be interested. Given JE's interest in the healthcare space, perhaps you would like to take a look. We will send you a teaser and an NDA which will allow us to share more complete info if you are interested. Looking forward to catching up soon. Thanks, Stew Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 0154 Securities offered through Deutsche Bank Securities Inc. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0070675 CONFIDENTIAL SDNY_GM_00216859 EFTA01375314