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Document DOJ-OGR-00032938

AI Analysis

Summary: Brent Bradbury sends a fax to Jeffrey Epstein with a comparison of property values and a calculation of Performance Fee. The fax discusses the valuation of 'Managed Properties' and 'Excluded Properties', with Bradbury noting that the Excluded Properties were not included in a 2001 appraisal by E&Y.
Significance: This document reveals a communication between Jeffrey Epstein and a representative of The New Albany Company regarding the valuation of certain properties, potentially related to financial or business dealings.
Key Topics: Comparison of property values Managed Properties vs Excluded Properties Performance Fee calculation
Key People:
  • Jeffrey Epstein - Recipient of the fax
  • Brent Bradbury - Sender of the fax, representative of The New Albany Company
Document Type
Letter
Date
September 30, 2005
Pages
1
Folder
IMAGES012

Full Text

NEW ALBANY THE NEW ALBANY COMPANY FACSIMILE TRANSMITTAL SHEET TO: Jeffrey Epstein COMPANY: FAX NUMBER: 212-750-0381 PHONE NUMBER: RE: Comparison of Values Managed and Excluded Properties FROM: Brent Bradbury DATE: 9/30/2005 TOTAL NO. OF PAGES INCLUDING COVER: 4 SENDER'S REFERENCE NUMBER: YOUR REFERENCE NUMBER: URGENT POR REVIEW PLEASE COMMENT PLEASE REPLY PLEASE RECYCLE NOTES/COMMENTS: Jeffrey, Attached is a schedule comparing the value of the Managed Properties as of 1/1/2002 and the estimated value as of 12/31/2004, including the calculation of the Performance Fee. Regarding your request for the value of the Excluded Properties as of 1/1/2002, the E&Y appraisal done in 2001 only included "Managed Properties". Approximately 1,000 acres were not included in the E & Y appraisal because they were identified before the appraisal as Excluded Properties. In addition, a significant portion of the acres (approximately 1000) included in the appraisal were transferred to Excluded Properties before the Beginning Value was finalized. If you would like me to prepare an estimate the value of the Excluded Properties as of 1/1/2002 please let me know. Regards,