From: jeffrey E. <jeevacation@gmail.com>
Sent: Friday, March 13, 2015 6:42 PM
To: Richard Joslin
Subject: Re: NAR funding

thanks

On Fri, Mar 13, 2015 at 2:41 PM, Richard Joslin <████████████████████████████████████> wrote:

Brad asked that I send you a composite list of asset= held by each trust, BFP and Leon to assist with the selection of assets t= fund NAR. I have used the Dec 31 2014 valuation reports and edited =o remove investments that have been sold and to put a placeholder for planned investments. For assets s=own at $1, some of these investments are reported on a tax basis for which=there is an allocation of non-recourse debt. The upshot is that then= may be real estate investments that may have terminal value

------------------------ =A0

Richard Joslin

CFO

Elysium Management LLC

445 Park Ave

Ste. 1401

New York, NY 10022

please =ote

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