From: Daniel Sabba •t: > To: "jeffrey E." <[email protected]> CC: Paul Morris , Vahe Stepanian Ariane Dwyer Subject: Este11 Documents [C] Date: Mon, 23 Feb 2015 21:42:21 +0000 Attachments: Reviewed_ Extell_ Pre-Sale_ Term_ Sheet.pdf; Extell_Picture_Book_2.19.pdf Classification: Confidential As discussed... Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email Available to Institutional Investors who are United States Persons Only. This document is being circulated on a confidential basis by Deutsche Bank Securities Inc. ("DBSI") to a limited number of qualified prospective investors. Key Clients Partners ("KCP") services are offered to a select group of DeAWM clients who are able to meet certain sophistication criteria. KCP clients must meet the FINRA 2111 definition of an Institutional Investor. All Key Clients Partners opportunities may not be available in all DeAWM locations. The preliminary information presented in this document is for informational purposes only and should not be relied upon as the basis for an investment decision. This document does not constitute individual investment advice and does not purport to summarize all of the conditions, risks and other attributes of an investment in the Property. This document is not an offer to sell, or a solicitation of an offer to buy, any security. The delivery of this presentation does not imply that the information herein is correct as of any date subsequent to the date hereof. In making an investment decision, prospective investors should conduct their own investigation and analysis of the data and descriptions set forth in this document and must rely on their own examination of the investment opportunity, including the merits and risks involved. An investment in the Property is suitable only as an investment for, and will be offered only to, persons who have, directly or through qualified representatives, the ability to evaluate the merits and ris