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Epstein File EFTA01388592: Deutsche Bank (DS10)

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This document is a Deutsche Bank Securities Inc. market analysis or research report containing data on retail property prices, apartment valuations, and real estate investment trust (REIT) issuance trends. The report cites data sourced from Deutsche Bank, Moody's/RCA, and CMA, showing apartment prices rising 8% since end of 2015 compared to 4% for all properties, and notes that unsecured markets remain healthy. The document appears to be internal research material for market analysis purposes.

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Retail now back to prior peak levels since early 2010 Apartment prices continue to rise up 8% since the end of 2015 vs a 4% rise for all properties Source **Deutsche**
Excerpt 2
**Bank**, Moody's/RCA Source **Deutsche** **Bank**, Moody's/RCA Unsecured markets remain healthy Figure 15: U.S.
Excerpt 3
REIT Unsecured Issuance Avg Source **Deutsche** **Bank**, CMA Source: **Deutsche** **Bank**, CMA Page 10 **Deutsche** **Bank** Securities Inc.

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