Press Releases

Archive



Equus Sells 172,327 Square-Foot Class-A Office Building in Berwyn, Pennsylvania

Equus Sells 172,327 Square-Foot Class-A Office Building in Berwyn, Pennsylvania

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the sale of 1000 Chesterbrook Boulevard, a 3-story 172,327 square-foot Class-A office building located in Berwyn, PA, the King of Prussia/Wayne office submarket of Philadelphia, PA. The 100% leased property was sold to M&H Properties for $56 million ($325 per square-foot).

Equus Fund XI Adds Nearly 300,000 Square-Feet of Class A Office Space to its Portfolio in Plano, Texas

Equus Fund XI Adds Nearly 300,000 Square-Feet of Class A Office Space to its Portfolio in Plano, Texas

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the acquisition of two Class A office buildings in Plano, Texas that total 299,898 square feet. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary value-add equity fund managed by Equus, which opened for investment in July 2018. The property was 88% leased at the time of acquisition.

Equus Acquires King Street Station III in Alexandria, Virginia

Equus Acquires King Street Station III in Alexandria, Virginia

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the acquisition of 1725 Duke Street, also known as King Street Station III, a 156,904 class A office building in Alexandria, Virginia. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary value-add equity fund managed by Equus.

Equus Announces the Sale of a Premier Class-A Office Complex in Scottsdale, Arizona

Equus Announces the Sale of a Premier Class-A Office Complex in Scottsdale, Arizona

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today the sale of McDowell Mountain Business Park, a premier Class-A office complex comprised of two identical 3-story, single-tenant office buildings totaling 255,574 square-feet in Scottsdale, Arizona. The complex, which was 100 percent leased at the time of sale, was originally acquired in 2017 on behalf of a joint venture managed by Equus, and was sold to Phoenix, Arizona-based Strategic Office Partners for $71,000,000.

Equus Acquires a Four-Building Office Portfolio in Denver, Colorado MSA

Equus Acquires a Four-Building Office Portfolio in Denver, Colorado MSA

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate has acquired a four-building office portfolio totaling 299,614 square-feet located in Aurora and Denver, CO. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary value-add equity fund managed by Equus. The portfolio was 82% leased at the time of acquisition.

Equus Sells Fountain Square II in Tampa, Florida for $29.4 Million

Equus Sells Fountain Square II in Tampa, Florida for $29.4 Million

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today the sale of Fountain Square II, a four-story, 133,887 square-foot, Class A office building located in Tampa, FL. Originally acquired in 2014 on behalf of BPG Investment Partnership IX, L.P., a fully discretionary fund managed by Equus, the property was sold to an affiliate of Owens Realty Services for $29.4 million and was 93 percent occupied at the time of sale.

Equus Capital Partners, Ltd. Acquires 200-Unit Multi-Family Townhome Community in Overland Park, KS

Equus Capital Partners, Ltd. Acquires 200-Unit Multi-Family Townhome Community in Overland Park, KS

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate has acquired The Plaza at Overland Park, a 200-unit townhome-style multi-family rental community located in Overland Park, a high demographic city within desirable Johnson County, Kansas.  The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary value-add equity fund managed by Equus. Madison Apartment Group, L.P. (“Madison”), the multi-family operating arm of Equus, will manage the community.

Equus Sells Keystone at the Crossing in Indianapolis, Indiana

Equus Sells Keystone at the Crossing in Indianapolis, Indiana

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today the sale of Keystone at the Crossing – Live, Work, Shop, Stay, Play, a premier 1,054,866 square-foot, six-building Class A office campus situated on 27 acres in Indianapolis, Indiana. The campus, originally acquired in 2005 on behalf of BPG Investment Partnership VII and VII A, L.P., a fully discretionary fund managed by Equus, was sold to a joint venture between a fund managed by DRA Advisors, LLC and M&J Wilkow Properties, LLC and was 83 percent occupied at the time of sale.

Equus Capital Partners, Ltd. Acquires 1,749,421 Square-Foot Industrial Portfolio in Virginia’s Hampton Roads Industrial Market

Equus Capital Partners, Ltd. Acquires 1,749,421 Square-Foot Industrial Portfolio in Virginia’s Hampton Roads Industrial Market

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the acquisition of a five-building industrial portfolio in Hampton Roads, Virginia from CenterPoint Properties. In addition to the five buildings totaling 1,749,421 square feet, the acquisition includes approximately 500 acres of land where Equus plans future development. The acquisition was made on behalf of a separate account managed by Equus that focuses on the acquisition and development of industrial assets in select east coast markets.

Equus Announces the Sale of a 2,615-Unit Multi-Family Portfolio to Investcorp

Equus Announces the Sale of a 2,615-Unit Multi-Family Portfolio to Investcorp

Equus Capital Partners, Ltd. (“Equus”), announced today the sale of an 11-property portfolio totaling 2,615 units with assets in the Tampa, Lakeland, Orlando, Atlanta, Raleigh, St. Louis and Philadelphia MSAs, to Investcorp, a global alternatives asset manager, for approximately $370,000,000.  The sale was made on behalf of BPG Investment Partnership IX, L.P. (“Equus Fund IX”), a $310 million private equity fund managed by Equus, which began making investments in 2013. Over its life, Equus Fund IX made 30 investments in multi-family, office and industrial properties across the country. 26 of those investments have been sold and just 4 office properties remain.

Equus Sells One Sugar Creek Center in Sugar Land, Texas

Equus Sells One Sugar Creek Center in Sugar Land, Texas

Equus Capital Partners, Ltd. (“Equus”) announced today the sale of One Sugar Creek Center located in Sugar Land, TX, one of the most affluent and fastest growing cities in the state. The 11-story, 193,998 square-foot Class-A suburban office building was built in 1983 and is one of the most recognizable office buildings in the submarket. The property, originally acquired in 2015 in behalf of BPG Investment Partnership IX, L.P., a fully discretionary fund managed by Equus, was sold to Kevin Glazer, founder and CEO of Glazer Properties.

Equus Acquires a Two-Building Flex Office Portfolio in Louisville, Colorado

Equus Acquires a Two-Building Flex Office Portfolio in Louisville, Colorado

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an  affiliate has acquired 248 Centennial Parkway and 1172 Century Place, a two-building flex office portfolio totaling 88,832 square-feet located within the Centennial Valley Business Park in Louisville, Colorado, along the U.S. 36 Highway Corridor, between downtown Denver and Boulder. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary value-add equity fund managed by Equus. The properties were 79% leased, collectively, at the time of acquisition.

Equus Sells Grand Oak Business Park in Eagan, MN

Equus Sells Grand Oak Business Park in Eagan, MN

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today the sale of Grand Oak Business Park, a 10-building 539,893 square foot class A office/retail campus located in the Southeast submarket of Minneapolis, Minnesota. The properties, originally acquired in 2007 on behalf of BPG Investment Partnership VIII and VIII A, L.P., a fully-discretionary fund managed by Equus, were sold to Group RMC, a New York based real estate investment and management company, for $70 million.

Equus Acquires a 207,834 SF Class A Office Building in Plano, Texas

Equus Acquires a 207,834 SF Class A Office Building in Plano, Texas

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the acquisition of a 207,834 square-foot Class A office building in Plano, Texas. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary value-add equity fund managed by Equus, which opened for investment in July 2018. The property was 40% leased at the time of acquisition.

Equus Acquires Highlands Campus Tech Centre in Bothell, Washington

Equus Acquires Highlands Campus Tech Centre in Bothell, Washington

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the acquisition of Highlands Campus Tech Centre (“The Highlands”), a three-building, 201,766 square-foot office and flex complex in the Bothell submarket of Seattle, WA. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary value-add equity fund managed by Equus, which opened for investment in July 2018.

Equus Sells Raintree Corporate Center in Scottsdale, Arizona

Equus Sells Raintree Corporate Center in Scottsdale, Arizona

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today the sale of Raintree Corporate Center a two-building institutional-quality office complex totaling 345,417 square-feet in Scottsdale, AZ for $91,700,000. The property, 93% occupied at the time of sale, was originally acquired in 2015 on behalf of a joint venture managed by Equus, and was sold to an affiliate of Cypress Office Properties and Oaktree Capital.

Equus Announces a Joint Venture with USAA Real Estate on a Class-A Office Building in West Conshohocken, Pennsylvania

Equus Announces a Joint Venture with USAA Real Estate on a Class-A Office Building in West Conshohocken, Pennsylvania

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that a joint venture formed with USAA Real Estate completed the acquisition of Five Tower Bridge, a 222,058 SF Class A Office building sitting on 10.26 acres in West Conshohocken, Pennsylvania.

Equus Acquires 299,809 SF Class-A Office Building in Philadelphia’s Western Suburbs

Equus Acquires 299,809 SF Class-A Office Building in Philadelphia’s Western Suburbs

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the acquisition of 1400 Atwater Drive, a 299,809 SF Class A office building in Malvern, Pennsylvania. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a targeted $350 million discretionary equity fund managed by Equus and which opened for investment in July, 2018.

Equus Sells Fremont Research Center in Fremont, California

Equus Sells Fremont Research Center in Fremont, California

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today the sale of four industrial/R&D properties totaling 191,703 square-feet at Fremont Research Center located in Fremont, CA, a submarket within the Silicon Valley. The properties, originally acquired in 2015 on behalf of an affiliate of Equus, Equus Investment Partnership X, L.P., a discretionary fund managed by the firm, was sold to Dermody Properties, a national real estate investment, development, and management company, based out of Reno, NV, and was 87% occupied at the time of sale.

Equus Breaks Ground on 1.1 Million SF Class-A Industrial Facility in Shippensburg, PA

Equus Breaks Ground on 1.1 Million SF Class-A Industrial Facility in Shippensburg, PA

The joint venture between Equus Capital Partners, Ltd. (“Equus”), and its investment partner, a foreign-based capital provider, announced today both the closing of a construction loan with CIBC Bank US (“CIBC”), and the commencement of construction on I-81 Commerce Park, a class-A 1,100,500 square-foot cross-docked distribution, fulfillment and e-commerce industrial facility located in Shippensburg, PA.

Equus Sells Cityview Plaza in Silicon Valley, San Jose, California

Equus Sells Cityview Plaza in Silicon Valley, San Jose, California

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today the sale of Cityview Plaza, a premier 579,541 SF mixed-use commercial complex in downtown San Jose, CA. The nine-building, 11-acre office and retail property, originally acquired in 2007 by an affiliate of Equus, BPG Investment Partnership VIII & VIIIA, L.P., a fully discretionary equity fund managed by Equus, was sold to Jay Paul Company, a privately held real estate development firm based in San Francisco, CA. The property was 85% leased at the time of sale.

Equus Capital Partners, Ltd. Acquires 150,656 Square-Foot Class-A Office Building in Broomfield, CO

Equus Capital Partners, Ltd. Acquires 150,656 Square-Foot Class-A Office Building in Broomfield, CO

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the acquisition of a 150,656 square-foot Class A office building located in Broomfield, CO along the U.S. 36 Highway Corridor, between downtown Denver and Boulder. The acquisition was the first investment made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), the latest fully discretionary equity fund managed by Equus.

Equus Capital Partners, Ltd. Announces 287,000 SF Warehouse Industrial Lease with Rubbermaid Commercial Products

Equus Capital Partners, Ltd. Announces 287,000 SF Warehouse Industrial Lease with Rubbermaid Commercial Products

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced that it has entered into a lease agreement with Rubbermaid Commercial Products for 287,000 SF of warehouse distribution space in the Stonewall Industrial Park in Winchester, Virginia.

Equus Acquires 592,942 SF Office Portfolio in Philadelphia’s Western Suburbs

Equus Acquires 592,942 SF Office Portfolio in Philadelphia’s Western Suburbs

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the acquisition of a 7-property, 592,942 SF office portfolio located throughout the desirable Western Suburban submarkets of Philadelphia for $92,000,000. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a $361 million discretionary equity fund managed by Equus.

Equus Capital Partners, Ltd. Acquires 1,332,420 Square-Foot Industrial Portfolio in Nashville’s North Submarket

Equus Capital Partners, Ltd. Acquires 1,332,420 Square-Foot Industrial Portfolio in Nashville’s North Submarket

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate completed the acquisition of a four-building industrial portfolio totaling 1,332,420 square-feet located in Portland, TN. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a $361 million discretionary equity fund managed by Equus.

Equus Capital Partners, Ltd. Acquires 314-Unit Multi-Family Community in St. Petersburg, FL

Equus Capital Partners, Ltd. Acquires 314-Unit Multi-Family Community in St. Petersburg, FL

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate has acquired The Reserve at Gateway, a 314-unit garden-style multi-family community located in the desirable Gateway market in St Petersburg, FL, for $64,100,000. The property was 93% occupied at the time of closing. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a $361 million discretionary equity fund managed by Equus. Madison Apartment Group, L.P. (“Madison”), the multi-family operating arm of Equus, will manage the community.

Equus Announces the Sale of Madison Willowyck in Upper Gwynedd, Pennsylvania

Equus Announces the Sale of Madison Willowyck in Upper Gwynedd, Pennsylvania

Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced today the sale of Madison Willowyck in suburban Philadelphia, PA.  The 308-unit apartment community was sold to Gibbsboro, New Jersey-based Friedman Realty Group for $62,500,000.  At the time of the sale, the community was 96% occupied.

Equus Announces the Purchase of Lansdale Multi-Family Development Site

Equus Announces the Purchase of Lansdale Multi-Family Development Site

Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced the acquisition of a 6.7 acre transit-oriented development site adjacent to SEPTA’s Lansdale Train Station in Montgomery County, PA. Equus intends to immediately commence construction of Madison Lansdale Station, a 181-unit luxury apartment community in the center of downtown Lansdale. The development will also include approximately 15,500 square feet of ground level retail.

Equus Sells Whiteland Towne Center in Exton, PA

Equus Sells Whiteland Towne Center in Exton, PA

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today the sale of Whiteland Towne Center, located in Exton, Pennsylvania. The 359,673 square-foot shopping center was built in 1988 and is strategically situated at the intersection of Route 30 and Route 100. The property was 79% leased at the time of sale.

Equus Announces the Sale of Madison Park Butterfield in Mundelein, IL

Equus Announces the Sale of Madison Park Butterfield in Mundelein, IL

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today the sale of Madison Park Butterfield in Mundelein, IL. The 522-unit apartment community was sold to Chicago-based TLC Management for $80,000,000. At the time of the sale, the community was 96% occupied.

Equus Sells Golden Bear Plaza in Palm Beach Gardens, Florida

Equus Sells Golden Bear Plaza in Palm Beach Gardens, Florida

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today the sale of Golden Bear Plaza in Palm Beach Gardens, Florida. The 245,673 square-foot class-A, three-building office complex was sold to Alliance Partners HSP, a Philadelphia-based investment group, for $62.3 million ($254 per square foot). The property was 83% leased at the time of sale.

Equus Announces the Sale of Madison Montgomery in Hatfield, PA

Equus Announces the Sale of Madison Montgomery in Hatfield, PA

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today the sale of Madison Montgomery in Hatfield, PA. The 264-unit apartment portfolio was sold to King of Prussia-based Morgan Properties for $38,500,000. At the time of the sale the property was over 95 percent occupied.

Equus Acquires a 500-Unit Multi-Family Community in Atlanta, GA

Equus Acquires a 500-Unit Multi-Family Community in Atlanta, GA

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate has acquired Viera Braircliff, a 500-unit garden-style multi-family community located in the desirable Druid Hills neighborhood of Atlanta, GA. The property was 93% occupied at the time of closing. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a $361 million discretionary equity fund managed by Equus. Madison Apartment Group, L.P. (“Madison”), the multi-family operating arm of Equus, will manage the community.

Equus Acquires Class-A Office Building in Charlotte, North Carolina

Equus Acquires Class-A Office Building in Charlotte, North Carolina

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate investment managers, announced today that an affiliate has acquired The Rotunda, a four-story Class A office building totaling 230,790 square feet located in the South Park office submarket of Charlotte, North Carolina. At the time of acquisition, The Rotunda was 91% leased by 28 tenants. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a $361 million discretionary equity fund managed by Equus.

Equus Acquires Two Office/R&D Buildings in Silicon Valley for $31.5 Million

Equus Acquires Two Office/R&D Buildings in Silicon Valley for $31.5 Million

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate investment managers, announced today that an affiliate has acquired Walsh Bowers, a two-building Class-B office/R&D portfolio totaling 106,500 square-feet, located in the Santa Clara submarket of Silicon Valley, for $31,550,000. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a $361 million discretionary equity fund managed by Equus.

Equus Adds Two Buildings to its Redmond, Washington Office Portfolio

Equus Adds Two Buildings to its Redmond, Washington Office Portfolio

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity fund managers, announced today that an affiliate has acquired Quadrant Willows B and D, a 100% leased, two-building class-B office portfolio totaling 118,058 square-feet located in Redmond, Washington, a submarket of Seattle, for $22,325,000. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a discretionary fund managed by Equus.

Archive