<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, August 4, 2016 7:49 PM</td></tr><tr><td>To:</td><td>Richard Kahn</td></tr><tr><td>Subject:</td><td>Re: Home Depot Ground Lease - St Croix</td></tr></table>

ask merrilil and morgazn to provide us a list of preferred= that we can leverage. thanks
=br>
On Thu, Aug 4, 2016 at 3:38 PM, Richard Kahn=<██████████████████████████ <mailto:██████████████████████████> >
wrote:

not a great yield but tho=ght you may be interested since was in USVI

annual rent=100,000 until 2022 then 125,000 until 2032 and then HD has (2) 10 year opt=ons Home Depot was built in 2011

=sking price 2,666,667 - 3.75% yield until 2022 4.7% beginning=2/2022 2,500,000 - 4% yield until 2022 5% beginning 2/2022 =div>2,000,000 - 5% yield until 2022 6.25% beginning 2/2022

http://info.stanjohnsonco.com/rs/7=2-XMW-307/images/HomeDepot_Kingshill_USVI_OM_AG_NDA.pdf?mkt_tok=3DeyJpljoiWXpNek5UZ3pZak5qTUdSaSIsInQiOiJhTGhvMjdtSEE5d2lcL1jyV205V1RwZTZkTDQySG1ncUVHdUJnelJuQ2FMb0k1MkNqYWTVSWZPZW1iMk04R2=vc2VDUUJFcnhKZmZcL3RFd3JwUnRvdzlaZktyeHBnckRYWTdmZFU2eU5oYVU4PSJ= <http://info.stanjohnsonco.com/rs/702-XMW-307/ima=es/HomeDepot_Kingshill_USVI_OM_AG_NDA.pdf?mkt_tok=eyJpljoiWXpNek5UZ3pZak=qTUdSaSIsInQiOiJhTGhvMjdtSEE5d2lcL1jyV205V1RwZTZkTDQySG1ncUVHdUJnelJuQ2FMb=k1MkNqYWTVSWZPZW1iMk04R2Fvc2VDUUJFcnhKZmZcL3RFd3JwUnRvdzlaZktyeHBnckRYWTdm=FU2eU5oYVU4PSJ9>

please advise
thank you

Richard Kahn
HBRK Associates Inc.

New York, NY 10022
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