Subject: RE: Opportunity Zones From: Oliver Rothauser Date: Wed, 19 Jun 2019 1.1 1.11 a. To: Andrew King <[email protected]>, Stewart Oldfield "Paul Barrett Hi Paul, Please see the attached materials and below for a brief overview below on the GTIS Opportunity zone fund. Please let us know if you have any questions or if you'd like to set up some time to speak about the opportunity in detail. Thank you! Deutsche Bank Wealth Management is pleased to announce the launch of the GTIS Partners Qualified Opportunity Zone Fund which will be structured as a private REIT. GTIS will be targeting a $500m fund size and have received commitments of —$100mm thus far. GTIS Firm Overview: Real estate fund manager founded in 2005 with $4.7 billion of AuM focused on the U.S. and Brazil with 94 employees located across seven offices Over $1.4 billion of equity capital committed to 81 residential projects in 30 markets comprising $7.1 billion in total project cost Over $180 million of equity committed to 7 projects that are now located in Opportunity Zones, including 1.8 million square feet of commercial space and 4,000 planned residential units GTIS 0-Zone Strategy: Diversified — invest in residential and commercial development in up-and-coming areas of major gateways (e.g. NY, SF) and select next-tier markets (e.g. PHX, ATL, DAL) EFTA01421951