From: Eileen Alexanderson
To: Melanie Spinella , jeffrey E. <jeevacation@gmail.com>, Brad
Wechsler
CC: Richard Joslin c4
Subject: timber sale update
Date: Mon, 01 Dec 2014 22:55:51 +0000
To remind you, best bid for our Molpus Woodlands Fund II interest is $16,125,588. Although the next highest bidder is
substantially lower, Eaton Partners, the firm conducting the sale effort, has led this bidder to believe this is a competitive
situation b/c he feels the bidder has indicated there is room to increase the bid. As articulated in my 11/17 email, this
bidder had indicated that if their bid was acceptable, they would likely want to do a bit more confirmatory due diligence.
They will be traveling down to do a site tour of the property this week, will come back and submit a final and best bid by
the end of next week with the intention to close by year end. The GP is on board with this. This bidder is an investor in the
Molpus Fund I and recently subscribed for Fund IV as well. Will be back with additional update when I have one.
Eileen Alexanderson
Elysium Management
445 Park Avenue
Suite 1401
New York NY 10022
Phone:
Email:
EFTA00661350