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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01388601: Deutsche Bank (DS10)

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This document is a Deutsche Bank financial analysis report containing real estate market data, including shopping center vacancy rates, rental trends, and NOI growth figures for 2016. The excerpts show standard financial charts and data sourced from Deutsche Bank and Reis. No individuals, transactions, or case-specific information related to Epstein are evident in the provided text.

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Excerpt 1
**Bank**, SML Source **Deutsche** **Bank**, SNL Figure 55: Vacancy up and rents down modestly in 3Q Figure 56: 2016 SS NOI growth similar to 1H level 12.0% 4% 6%
Excerpt 2
Source: **Deutsche** **Bank**, Reis Source **Deutsche** **Bank**, company data Key Shopping Center topics/questions for the quarter Development and redevelopment outlook
Excerpt 3
**Bank** Securities Inc.

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