Press Releases

Equus Capital Partners, Ltd. (Equus), one of the nation’s leading real estate investment managers, announced today the sale of Gateway Centre I – IV, a four-building, 299,613 square-foot office park located in Aurora and Denver, Colorado, to Flywheel Capital for $66.85 million. The property was 100% occupied at the time of sale.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, has acquired a 74 property, 7.3 million square foot industrial portfolio located across the Phoenix and Tucson metropolitan areas in Arizona.  The portfolio is comprised of predominantly multi-tenant in-fill shallow bay properties located in established transportation corridors and population centers.  The portfolio is approximately 98% leased and consists of 342 buildings in 74 business parks.  Approximately 85% of the portfolio is located across six strategic sub-markets in Phoenix and about 15% of the portfolio is in Tucson; both metropolitan areas are some of the top growth markets in the United States and poised for continued economic expansion.

Equus Capital Partners, Ltd. (Equus), one of the nation’s leading real estate investment managers, announced today the sale of Hill House Apartments, a 188-unit high-rise multi-family community in the Chestnut Hill neighborhood of Philadelphia, PA. The property was sold to Sentinel Real Estate Corporation and was 99% occupied at the time of sale.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, announced today that an affiliate has acquired The Parkway on Westlake, a 93% occupied, 320-unit Class A garden-style apartment community located in Humble, TX, part of the Greater Houston MSA, for $53,250,000. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary $387.8 million equity fund managed by Equus.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading developers and real estate investment managers, announced that it has broken ground on a 340,000 square-foot speculative warehouse logistics facility. The project, named Virginia Inland Port Logistics Center, is in Front Royal, Virginia along Interstate 66, just 50 miles west of the Washington, DC MSA.  The project is strategically located within one half mile of the Virginia Inland Port and less than 10 minutes to Interstate 81, which provides excellent north/south access to major northeast and mid-Atlantic population centers.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, announced today that an affiliate has acquired Bucking Horse Apartments, a 98% occupied, 322-unit Class A apartment community located in Fort Collins, CO. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary $387.8 million equity fund managed by Equus. Madison Apartment Group, L.P. (“Madison”), the multi-family operating arm of Equus, will manage the community.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading developers and private equity real estate investment managers, announced that it has entered into a 10-year, build-to-suit lease agreement with subsidiaries of The Clorox Company, Fresh Step® cat litter and Kingsford® grilling products, for 580,000 square-feet of warehouse distribution space in the Mid-Atlantic 81 Logistics Park in Martinsburg, West Virginia.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate investment managers, announced today that an affiliate completed the acquisition of a 757,325 square-foot class A industrial portfolio in Houston, 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. The complex was 62% leased at the time of acquisition to eleven tenants.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading developers and private equity real estate investment managers, announced that it has broken ground on a 300,240 square-foot speculative warehouse logistics facility in Gaston County, North Carolina. The project, named Carolina 85 Logistics Center, is in Kings Mountain along Interstate 85 in Gaston County, North Carolina, and is strategically located within the Charlotte MSA.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private real estate investment managers, announced that it has entered into a 10-year lease agreement with Harbor Freight Tools, a privately held, California-based tool and equipment retailer, for 373,100 square-feet of warehouse distribution space in the 95 Inland Port Logistics Center in Dillon County, South Carolina.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, in partnership with Partners Group, a leading global private markets firm, on behalf of its clients, announced today the sale and recapitalization of an approximately 8.6 million square-foot industrial portfolio for a consideration in excess of $1 billion. The portfolio is located across five dynamic industrial markets in the Mid-Atlantic and Southeast regions, including Raleigh/Durham, Atlanta, Nashville, Norfolk, and Shenandoah Valley.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, announced today the sale of Highlands Campus Tech Centre, a three-building, 201,866 square-foot office and flex complex, located in the Bothell submarket of Seattle, WA, to Rialto Capital, in partnership with SteelWave, LLC for $53.2 million. The property was 95% occupied at the time of sale.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, announced today the sale of Walsh Bowers, a two office/R&D building portfolio totaling 108,459 square-feet, to an affiliate of GI Partners, for $41,500,000.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, announced today the sale of a three-building office and lab portfolio within The Knitting Mills, a 53-acre campus in Wyomissing, PA. The properties were originally part of the VF Outlet Center in Wyomissing and West Reading, PA which was acquired by Equus in December 2016. The three-building, 262,615 square foot portfolio, including UGI Energy Services’ corporate headquarters, Teleflex’s Research and Development Lab, and Tower Health’s IT and Training Hub, was sold to an affiliate of Kawa Capital Management (“Kawa”).

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, announced today that an affiliate has acquired Inspira, a 95% occupied, 304-unit Class A apartment community located in Naples, FL, for $82,250,000. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary $387.8 million equity fund managed by Equus. Madison Apartment Group, L.P. (“Madison”), the multi-family operating arm of Equus, will manage the community.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private real estate investment managers, announced that it has entered into a 5-year lease agreement with Geodis Logistics, a third-party logistics firm, for 348,500 SF of warehouse distribution space in the Graystone 81 Logistics Center in Winchester (Frederick County), Virginia. Geodis will be handling importing and distribution operations and will utilize the Virginia Inland Port, which is located 20 miles from the site.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private real estate investment managers, announced that it has entered into a 10-year lease agreement with Lowe’s Home Centers, LLC, one of the nation’s largest home improvement, building materials, and home appliance retailers, for 1,100,846 SF of warehouse distribution space in the Shippensburg 81 Logistics Center in Shippensburg, Pennsylvania.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate investment managers, announced today that an affiliate has acquired McKinney Village, a 245-unit class A village-style multi-family community located in McKinney, Texas, a city north of Dallas. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary $387.8 million equity fund managed by Equus. Madison Apartment Group, L.P. (“Madison”), the multi-family operating arm of Equus, will manage the community.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, announced today that an affiliate has completed the sale of Scottsdale Gateway I, a 107,049 square-foot, two-story, class-A office/medical building located in Scottsdale, Arizona. The property was originally part of a two-building office portfolio, which was acquired by Equus in 2014 on behalf of BPG Investment Partnership IX, L.P., a discretionary fund managed by the firm. Scottsdale Gateway I, which was 96% occupied at the time of sale, was sold for $27,000,000.

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading developers and private real estate investment managers, announced today that an affiliate has acquired 1125 Virginia Drive, a 60,000 square-foot office building situated on approximately 14 acres in Fort Washington, PA.  At the conclusion of a short-term leaseback to the prior owner, Equus intends to demolish the building and commence construction of Madison Fort Washington, a 300-unit luxury apartment community.

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 Bridford, a 232-unit garden-style multi-family community located in Greensboro, North Carolina.  The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a fully discretionary $382 million 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 Capital Partners, Ltd. (“Equus”), one of the nation’s leading developers and private equity real estate fund managers, announced that it has broken ground on a 373,100 square foot speculative warehouse logistics facility in Dillon County, South Carolina.  The project, named 95 Inland Port Logistics Center, is located along Interstate 95 in Dillon County, South Carolina, approximately 5 miles south of the North Carolina/South Carolina state line.

Equus Capital Partners, Ltd. (“Equus”), and The Roxborough Group, LLC (“Roxborough”) jointly announced today the sale and purchase of a four-building, 248,041 square foot, Class A office portfolio known as “Quadrant Willows” located in Redmond, Washington, a submarket of Seattle. The portfolio was 100% leased at the time of sale. Newmark Knight Frank (“NKF”) advised Equus through all stages of the marketing, due diligence, and sales process. The buyer, Roxborough, was self-represented.

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 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 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 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 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 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. (“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 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. (“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 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 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 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 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 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 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 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 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 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 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.

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 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. (“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. (“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 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. (“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. (“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 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 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 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 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 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 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 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 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 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 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.