Re: Marina REIT [C (10/27/2014)

Cc: Paul Morris; Daniel Sabba; vahe Stepanian; "Richard Kahn" Subject: Re: Marina REIT [C] Classification: Confidential Hi Jeffrey - we've been guiding clients to 20pct indicative LTV vs the private equity, but out of the investment bank. With recourse we can lend through the private bank -- even more compelling. Paul and I will be back to you. Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor