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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01388608: Arlen Specter, Specter and Deutsche Bank (DS10)

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This document is a REIT earnings preview dated October 18, 2016, discussing office valuations and market conditions. The word 'specter' appears in the phrase 'specter of recession,' used in a business analysis context. The document does not contain substantive information about Arlen Specter or related investigations.

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PersonKeyword
Excerpt 1
18 October 2016 REITs US REIT 3Q16 Earnings Preview / Office: Valuations remain attractive, but **specter** of recession remains an overhang Figure 66: 1-Month
Excerpt 2
THE 8 so # n & As of 10/14/16 As of 10/14/16 Source: **Deutsche** **Bank**, SNL Source: **Deutsche** **Bank**, SNL Figure 68: vacancy flat while rents decelerate Figure
Excerpt 3
Boston, LA, and SF improved, NY was unchanged, while vacancy increased in DC Note: major markets comprise NY, DC, Boston, LA, and SF Source **Deutsche** **Bank**

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