To: Jeffrey Epstein <jeevacation@gmail.com> Subject: Fwd: Real Estate Investment Fund Date: Thu, 08 Jan 2015 21:22:02 +0000 Attachments: MAG Opportunistic RE Investment _Fund_ | 2015.pdf From: Howard Royal < Date: Wed, Jan 7, 2015 at 8:36 PM Subject: Real Estate Investment Fund To: jeffrey(@jeffreyepstein.org Mr Epstein, I'm an architect (Harvard Grad in Finance/Economics) with a real estate investment firm in Manhattan. We are trying to raise capital to take advantage of opportunistic and value added distressed properties, with above average risk adjusted returns. With a 20% IRR as our minimum threshold, investors will yield 15%-20% ROI and a equitable promote. Sponsor waterfall will be 50% of back-end. Attached is an updated pitch deck outlining our investment strategy and governing metrics. I would appreciate the chance to meet at your earliest convenience, to discuss this opportunity further. Thanks Howard A. Royal, Managing Partner Mavis Allison Group, LLC EFTA00674127