EFTA01389023

From: Andrew King Sent: 11/3/2016 11:54:11 AM To: Richard Kahn CC: Stewart Oldfie Darlene Zong Subject: REIT Ideas Attachments: DB - REITs Basket - Nov 2 2016.xlsx; DLR 28 Oct 2016 Research.pdf; CONE 31 Oct 2016 Research.pdf; MPW 2 Nov 2016 Research.pdf; MPW 22 July Research.pdf; Adelante REIT - Profile 03 2016.pdf; Deutsche RE Securities - Factsheet - 03 2016.pdf; DB- US REIT 3Q16 Earnings Preview - October 2016.pdf Richard, Following up on our conversation on Tuesday, I've attached a basket of North American REITs that are rated "buy" by our colleagues in Global Markets. We've highlighted several REITs where they are favorable on the sector and have a buy rating, and have attached the most recent reports on each. Please let us know if you'd like us to send reports on any of the other names listed in the basket. Data Centers (page 4 of "US REIT 3Q16 Earnings Preview") • Digital Realty Trust (DLR) • CyrusOne (CONE) Health Care (page 5 of "US REIT 3Q16 Earnings Preview") • Medical Properties Trust (MPW) Additionally, I've attached information on two REIT managers we recommend for diversified exposure to US REITs: SMA: • Adelante Capital Management Mutual Fund: • Deutsche Real Estate Securities Fund Please let me know if you'd like to discuss the basket or funds in greater detail. Best regards, Andrew King Andrew King, CFA Vice President I Investment Solutions Group Deutsche Bank Securities Inc. Deutsche Bank Wealth Management PaiS4Oi,.. It . PC41 air ett. CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0093168 CONFIDENTIAL SDNY_GM_00239352 EFTA01389023