Press Releases

EQUUS SELLS 1650 NORTH KRAEMER BOULEVARD IN ANAHEIM, CA FOR $14,344,000

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><strong>ANAHEIM, CA. – (April 16, 2013)</strong> – Equus Capital Partners, Ltd. (Equus), formerly BPG Properties, Ltd., one of the nation’s leading private equity real estate fund managers, announced today the sale of 1650 N. Kraemer Boulevard, a 122,600 square foot industrial building in Anaheim, California to Duke Realty Corporation for $14,344,000 ($117/SF).&#160; At the time of the sale, the building which is 13 years old and has 30’ clear ceiling heights, was 100 percent leased to PODS, the international storing and moving company.<br /> &#160;<br /> “Due to a dearth of supply and strong demand for industrial product in Southern California, we were able to achieve premium pricing on this well located, institutional quality asset,” commented Gardner Ellner, acquisition manager at Equus who was responsible for overseeing the disposition.<br /><br /> The Seller was represented by Jeff Chiate and Rick Ellison at Cushman &amp; Wakefield of California. The Chiate-Ellison team is a full-service brokerage team devoted to providing real estate services to owners, developers and industrial property users.<br /><br /> An affiliate of Equus acquired 1650 Kraemer Boulevard, along with the adjoining 1600 Kraemer Boulevard, in December 2006 when both properties were vacant. 1650 N. Kraemer was sold in 2010 to an owner/user. Equus’ 2006 acquisition was made on behalf of BPG Investment Partnership Fund VII, L.P., a fully discretionary private equity fund with total equity commitments of $550 million. &#160;<br /></p> <p><strong>About Equus Capital Partners, Ltd.</strong><br /> Equus Capital Partners, formerly BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers.&#160; Equus’ portfolio consists of over 24 million square feet of office, retail, student housing, and industrial properties and nearly 18,000 apartment units in over 70 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, Washington DC, Boston, Atlanta and Raleigh-Durham. For additional information, please visit the company’s website at www.equuspartners.com.<br /><br /> <strong>For additional information on the company, please contact:</strong><br /> Joseph Nahas, Jr, Vice President, 215-575-2363<br /><br /> <strong>For additional information on the property, please contact:</strong><br /> Rob Butchenhart, Vice President, 310-725-8432<br /> For acquisitions, please contact:<br /> Gardner Ellner, Acquisitions Manager, 310-725-8433<br /><br /><br /></p> </body> </html>