From: Alan Dlugash
Sent: Monday, May 29, 2017 7:15 PM
To: jeffrey E.
Subject: Re: Open items

Got it. And thanks for the SMART!

On Sat, May 27, 2017 at 9:54 PM, jeffrey E. <jee=acation@gmail.com <mailto:jeevacation@gmail.com» wrote:

=div dir="ltr">sent you some doc s , im trying to find way to=borrow against units hedged.

On Sat, May 27, 2017 at 3:21=M, wrote:

## Jeff,

I have the answers to the open items from our Thursday call, including AMT =epreciation issues (including bonus depreciation), and the taxability of O=U (operating partnership unit) conversion. Should I just email=my Houston, or would you like to discuss them?

## Alan

Alan J Dlugash
Alan J Dlugash LIC

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pl=ase note

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Unauthorized use, disclosure or copying of this comm=nication or any part thereof is strictly prohibited and may be unlawful= If you have received this communication in error, please notify us imm=diately by

## Alan (cont.)

return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@=mail.com> , and destroy this=communication and all copies thereof, including all attachments. copyri=ht -all rights reserved

Alan J. Dlugash
Alan J. Dlugash LL=