From: Stewart Oldfield Sent: 8/22/2016 6:17:00 PM To: [email protected]• Steve Warner CC: Bruce McDermott Subject: Hospital private REIT equity raise Barry and Steve, Adrienne Coyle Zack Tax 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 with real estate experience who could be interested. 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 10154 Securities offered through Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073814 CONFIDENTIAL SDNY_GM_00219998 EFTA01377194


