Subject: Fw: Hostetler update
From: "Arlene Busch" <[email-masked]>
To: "Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>
Date: Fri, 1 Jul 2011 12:44:49 +0000

Fyi...
Arlene Busch
202-333-1880
[email-masked] 

-----Original Message-----
From: "Arlene Busch" <[email-masked]>
Date: Fri, 1 Jul 2011 12:41:10 
To: Dan Burrell<[email-masked]>; Devon Archer<[email-masked]>
Reply-To: [email-masked]
Subject: Re: Hostetler update

No not firm. As I mentioned to Devon, he wants to see deals. When he can commit to the first one or two deals, he will commit to the fund. I gave Devon his criteria for investment and I'm happy to share it with you also. 
Dan, have fun on your honeymoon. Shit happens and deals come and go...but you will only have one honeymoon. Say hi to Katie for us. 
Arlene Busch
202-333-1880
[email-masked] 

-----Original Message-----
From: Dan Burrell <[email-masked]>
Date: Fri, 1 Jul 2011 04:33:31 
To: Devon Archer<[email-masked]>
Cc: [email-masked]<[email-masked]>
Subject: Re: Hostetler update

That's grt news!!!! So he is a firm commit to RREAF?

From: Devon Archer [mailto:[email-masked]]
Sent: Thursday, June 30, 2011 11:42 AM
To: Dan Burrell
Cc: Arlene Busch <[email-masked]>
Subject: Hostetler update

Arlene spoke to Hostetler:

Bad news:
They have seen the Atlanta deal and they do not want to participate.

Good news:
Bill relayed to Arlene that they want to start their RREAF participation by looking at a deal.  The first deal that they like (Las Colinas) will be the beginning of their RREAF participation.  Bill expressed to Arlene that they envision allocating $40-100mm with Rosemont into RREAF.