Tazia Smith
Director
Key Client Partners - US
Deutsche Bank Securities, Inc.
Deutsche Asset & wealth Management
345 Park Avenue - 26th Floor
New York NY 10154
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From: "jeffrey E." [jeevacation@gmail.com]
Sent: 10/27/2014 12:07 PM AST
To: Matt Glassman
Cc: Paul Morris: Daniel Sabba; Tazia Smith; vahe Stepanian; Richard Kahn
Su ject: Re: Marina REIT [C]
how much would the bank lend using the postion as collateral. ? but
personally guarteed?
On Mon, Oct 27, 2014 at 11:34 AM, Matt Glassman < > wrote:
Classification: Confidential
Hi Jeffrey,
Attached, you will find an overview of an investment opportunity for our
qualified clients - it is a private marina REIT. To be clear, this a
private company not a fund. This investment opportunity targets an 8%+
current yield from the net profits of the underlying Marina holdings. The
J-curve up to that yield is anticipated to be just 6mos as properties will
be contributed for equity immediately. The current fragmented nature of the
marina industry, their valuations, and the barriers to entry present an
interesting fundamental opportunity. Liquidity/cap rate compression (in
both our base and bull cases) is an IPO in 3-4yrs.
Regards,
matt
Matt Glassman
Vice President I Key Client Partners - US
Deutsche Bank Securities Inc
Deutsche Asset & wealth Management
345 Park Avenue
New York NY 10154
Tel.
Mobile
Email
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0114981
CONFIDENTIAL SDNY_GM_00261165
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