<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:
To:</td><td>Thursday, November 3, 2016 4:05 PM
Richard Kahn</td></tr><tr><td>Subject:</td><td>Re: REIT Ideas</td></tr></table>

yes

On Thu, Nov 3, 2016 at 4:57 PM, Richard Kahn richardka=n12@gmail.com > > wrote:

shall i ask Paul B if he likes any of attac=ed names?

Richard Kahn
HBRK Associates Inc.

New York, NY 10022
tel 212-971-1306=/a>
fax
cell

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Ric=ard,

Following up on our conversation on Tuesday, I've=attached a basket of North American REITs that are rated "buy4>=81140 by our colleagues in Global Markets. We've highlighted sever=l 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 k=ow if you'd like us to send reports on any of the other names list=d in the basket.

<=u>
Data Centers <=b>(page 4 of “US REIT 3Q16 Earnings Preview”)

• Digital Realty Trust (DLR)

- CyrusOne (CONE)

Health Care (page 5 of "US REI= 3Q16 Earnings Preview")

- Medical Properties Trust (MPW)

Additionally, I've attached information on two REI= managers we recommend for diversified exposure to

US REITs:=/p>

SMA:

* Adelante Capital Management

Mutual Fund:

* Deutsche Real Estate Securities Fund

=p class="MsoNormal">Please let me know if you'd like to discuss =he basket or funds in greater detail.

Best regards,
Andrew King
<empty> = <empty>

Andrew=King, CFA
Vice Pr=sidentInvestm=nt Solutions Group

Deutsche Bank Securities Inc.
Deutsche Bank Wealth Management
345 Park Avenue, New York, NY 10154
Tel. <tel:%2B1%28212%29454-0043>

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