EFTA02363081.pdf

"From: Farkas, Andrew L. Sent: Wednesday, June 6, 2012 6:54 PM To: [email protected] Subject: Re: Update"

"Murray J. McCabe I Global Co-Head, Real Estate Investment Banking I J.P. Morgan Securities LLC"

"To be clear , is this a deaknthat is for you and I , or for c3"

"Thanks for taking the time to hear me out yesterday. I enjoyed the discussion."

"Hi Murray, hi Brian. I am just following up from yesterday as you had suggested that we touch base today. I'm around and can be reached at this email "

"We need more time to evaluate our ability to finance this deal which is a value proposition you clearly want from us"

"is this a deaknthat is for you and I , or for c3... Nothing contained in this e-mail shall be considered a legally binding agreement... with C-III Cap"