From: Harry Beller Subject: Re: AYH information Date: June 6, 2011 2:41:06 PM T To: 'Greene, Jennifer Thanks please cal me I have a few quick questions thanks Harry On Jun 6, 2011, at 1:56 PM, Greene, Jennifer wrote: Please find attached the requested information for American Yacht Harbor. The first file is an income statement for year ended 2010. The second Me is projected income for 2011. You had also asked that I estimate deferred capital additions needed at the property for use In a valuation analysis. I would use a range for deferred maintenance of S1 ma to $3 me, remembering that Mr. Epstein's ownership percentage is 50%. You had also asked that I provide a range of cap rates for you to use In your analysis. I would submit to you a range anywhere from 6% to 11% Please let me know it you need further information <AYH - 12.31.10.xls,<AYH Forecast 2011Jdsx> EFTA_R1_02108283 EFTA02708041