Subject: RRE
From: <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Sat, 10 Apr 2010 15:00:28 +0000

Hunt, I'm having lunch with Paul Sohn today and we're planning to close RRE GP acquisition this week.  This follow-on raise of equity ($100mm range) is going to be sooner than expected as the popular belief is that the opportunity for distressed prices is going to evaporate by the end of 2010.  (Let's think about pitching a JV to CIC / Sohn will put up $15 -20mm as our GP commitment) If you want to focus on it we need to gear up.  We need to discuss economics on the raise, get books together etc. Let's discuss. D -

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