From: Eileen Alexanderson <
Sent: Monday, December 1, 2014 10:56 PM
To: Melanie SpineIla; jeffrey E.; Brad Wechsler
Cc: Richard Joslin
Subject: timber sale update
To remind you, best bid for our Molpus Woodlands Fun= II interest is $16,125,588. Although the next highest bidder is
sub=tantially lower, Eaton Partners, the firm conducting the sale effort, has =ed this bidder to believe this is a
competitive situation b/c he feels the bidder has indicated there is room to increase =he bid. As articulated in my 11/17
email, this bidder had indicated that i= their bid was acceptable, they would likely want to do a bit more confi rm=tory
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 =und I and recently subscribed for Fund IV as well. Will be back with addit=onal update when I
have one.
Eileen Alexander=on
Elysium Management<=:p>
445 Park Avenue
Suite 1401
New York NY 10022
Phone: -=o:p>
Email: =/o:p>
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