Subject: RE: Rosemont Capital
From: "Damon Hemmerdinger" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Fri, 18 Nov 2011 13:51:16 -0500

Thanks – have a great thanksgiving, and congrats on the new house.

From: Hunter Biden [mailto:[email-masked]]
Sent: Friday, November 18, 2011 1:47 PM
To: Damon Hemmerdinger
Subject: Re: Rosemont Capital

Damon-
The only entity that might have had an interest that i know of was Rosemont Realty.  If there not interested I don't have any other leads.

RHB
202.333.1880

On Nov 18, 2011, at 12:43 PM, Damon Hemmerdinger <[email-masked]<mailto:[email-masked]>> wrote:
Hunter –

Is there a different segment of the Rosemont Seneca world that you had in mind when you said you thought there might be an opportunity to partner together?

Damon

From: Neil Adamson
Sent: Tuesday, November 15, 2011 4:33 PM
To: Damon Hemmerdinger
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

Spoke with Shawn - they will not be participating in this with us.

Rosemont does not do JVs, they typically (only) invest their own capital / own & operate themselves, no partners.

From: Shawn Katz [mailto:[email-masked]]
Sent: Tuesday, November 15, 2011 1:42 PM
To: Neil Adamson; Damon Hemmerdinger
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

I have a meeting at 2pm EST.  Can we shoot for 3:30 EST?

From: Neil Adamson [mailto:[email-masked]]
Sent: Tuesday, November 15, 2011 11:36 AM
To: Shawn Katz; Damon Hemmerdinger
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

Our phones are resetting – may I ring you in 10-15min?  If so, what is a good number to reach you at?

From: Shawn Katz [mailto:[email-masked]]
Sent: Tuesday, November 15, 2011 1:34 PM
To: Neil Adamson; Damon Hemmerdinger
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

Niel,  I just tried calling the number below and I cannot get through. Is there another number I can reach you on?

From: Neil Adamson [mailto:[email-masked]]
Sent: Tuesday, November 15, 2011 10:32 AM
To: Shawn Katz; Damon Hemmerdinger
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

Hi Shawn – I’m available all afternoon – you can reach me at: (718) 326-3560 x233

From: Shawn Katz [mailto:[email-masked]]
Sent: Monday, November 14, 2011 7:42 PM
To: Damon Hemmerdinger
Cc: Neil Adamson
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

Damon,  I am sorry we missed each other today.  I’ll reach out to Neil in the morning tomorrow.

Best regards,
Shawn

From: Damon Hemmerdinger [mailto:[email-masked]]
Sent: Monday, November 14, 2011 3:55 PM
To: Damon Hemmerdinger
Cc: Shawn Katz; Neil Adamson
Subject: Re: ATCO JV Opportunity / 114 5th Avenue.pdf

Can we have some more time?  Our call is running longer than I expected. I'd expect we'd be done at 6:15

On Nov 14, 2011, at 4:32 PM, "Damon Hemmerdinger" <[email-masked]<mailto:[email-masked]>> wrote:
Can we make it closer to 6?  We have a call at 5...  We can call you as soon as we’re done, or you can try us around 5:45.  Or both.  718.326.3560 x209.

From: Shawn Katz [mailto:[email-masked]]
Sent: Monday, November 14, 2011 4:17 PM
To: Damon Hemmerdinger
Cc: Neil Adamson
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

Damon,

Apologies for the delayed response, I have been out of the office all morning and am just making it through my emails now.  I am around the rest of the day.  The best times for me would be between 5 and 6 EST.  Does that work for you guys?

Please let me know.

Thanks.

Best regards,
Shawn

From: Damon Hemmerdinger [mailto:[email-masked]]
Sent: Monday, November 14, 2011 7:55 AM
To: Shawn Katz
Cc: Neil Adamson
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

Shawn,

Neil Adamson and I can be available anytime today.

From: Shawn Katz [mailto:[email-masked]]
Sent: Friday, November 11, 2011 6:44 PM
To: Damon Hemmerdinger
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

Damon,

Dan Burrell forwarded this to me and suggested we arrange a call to talk through this deal.

Please let me know your availability.  I look forward to speaking with you.

Thank you.

Best regards,
Shawn

Shawn D. Katz
Senior Vice President
Rosemont Realty  |   330 Garfield St | Santa Fe,  NM 87501
505.992.5100 main  |   505.982.2515 fax
[email-masked]<mailto:[email-masked]>

From: Damon Hemmerdinger [mailto:[email-masked]]
Sent: Friday, November 11, 2011 6:58 AM
To: Hunter Biden
Cc: Dan Burrell; Neil Adamson
Subject: RE: ATCO JV Opportunity / 114 5th Avenue.pdf

Dan –

Nice to meet you by email – attached is the deck on the property.  Since my email to Hunter yesterday afternoon, we got some feedback from the seller’s agent that suggests that the return will end up being closer to market-appropriate --- probably closer to 7%...

Let us know if you’re interested in diving in.  This could be a very nice entry into NYC.

Damon

From: Hunter Biden [mailto:[email-masked]]
Sent: Friday, November 11, 2011 2:19 AM
To: Damon Hemmerdinger
Cc: Dan Burrell
Subject: Re: ATCO JV Opportunity / 114 5th Avenue.pdf

D-
I am in UAE right now.  The person to speak with is Dan Burell- CEO of Rosemont Realty. He is cc'd here and will be able to tell you if this is of any interest.  Best, Hunter.

RHB
202.333.1880

On Nov 11, 2011, at 12:48 AM, Damon Hemmerdinger <[email-masked]<mailto:[email-masked]>> wrote:

Hunter -

Apologies for our confusing interaction about the Heinz Family Office a few weeks ago.  Starting again:

We were invited to take a run at 114 Fifth Avenue in NYC, and I wonder if this is something Seneca would have an interest in participating as our JV partner.  This opportunity is to create a 99 year Master Lease on this 94% occupied, class A building.  The owner does not was an up-front payment for the property, so the equity required will all go to fund tenant rollover.

We project that the $27M we are seeking will generate a 9.5% IRR on a ten-year hold -- which is an unusually high return for a quality New York City asset.  Given that there will still be 89 years left on the lease at that point, the risk premium associated with the leasehold position is more than offset by this return.

Time is very short on this opportunity, so if you've got an interest, we'd need to connect quickly - either you or the right guy on your team.

Best,

Damon

Damon J. Hemmerdinger
Senior Vice President, ATCO
T: 718.326.3560 x209
C: 917.533.7370
www.atco555.com<http://www.atco555.com/>
[email-masked]<mailto:[email-masked]>
twitter.com/djh11375<http://www.twitter.com/djh11375>

<ATCO 114 5th Avenue.pdf>