EFTA02378399

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From: Mark L. Epstein Sent: Monday, September 29, 2014 12:00 PM To: Jeffrey E. Subject: RE: hey Even though =andam is part of Dara, Anthony knows that he has no ownership interest =n it. We just =aven't gotten to dividing it off on paper. Didn't =ant to raise any flags since we did the exchange of properties years =go. It is time to rectify that now. That's =ne of the reasons I need a good creative person to figure out the best =ay. We can split the 301 condos, and still manage it all the same =ay, and I'd transfer them to the kids when they turn 18 =ome how. Or 'sell' them to them for what I paid, =f that could fly. Would be worth the transfer fees =tc. I am planning to tear down spring st in =bout 4-5 years and put up a condo tower. (they recently changed the =oning to allow for that) Hence the ridiculous offers coming =n. Prior it was only good for a hotel development. =C2 We can just split the condos then, or sell them off and split the =ash. (I'll keep the top floors for me, move in, and then =o the same thing to Vandam). I'm waiting for the leases =o expire, plus every other site in the area that can be converted to =esidential or add residential on top (if air rights exist) is taking =lace. Every time another property is developed the value of =pring st. only goes up. It is a great location. (assuming there =s no major crash, and even if there is a crash I can still do better =eveloping it myself as opposed to selling it to a =eveloper). If I sell