DB REIT Research (Andrew King a, 31 Oct 2016)

Subject: DB REIT Research From: Andrew King a> Date: Mon, 31 Oct 2016 17:15:03 -0400 To: Richard Kahn Cc: Stewart Oldfield Richard, I hope this message finds you well. I thought I'd send a quick note as Stew indicated that you were interested in our views on REITs, and which REIT sub- sectors we favor in the current environment. I've attached two DB publications which should be useful. In the first piece (US REIT 3016 Earnings Preview) our colleagues from DB Markets Research provide th