Press Releases

EQUUS SELLS 45,000 SF OF RETAIL SPACE IN NEW YORK CITY FOR $48,200,000

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><strong>Philadelphia, PA – (March 19,&#160; 2014)</strong> – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund real estate fund managers, announced today the sale of two commercial condominium units, totaling 45,000 square feet, located at Barbizon 63, the firm’s luxury condominium building located at E. 63<sup>rd</sup> Street and Lexington Avenue in the Upper East Side neighborhood of New York City.&#160; At the time of the sale, the two units were fully occupied under long-term leases with Equinox and Soul Cycle.</p> <p class="p1">The seller was represented by Clint Olsen and Robert Knakal of Massey Knakal in the transaction.</p> <p class="p1">An affiliate of Equus acquired the Barbizon Hotel for Women in 2001 and operated it as the Melrose Hotel until 2005.&#160; In 2007, the firm completed its redevelopment of the former hotel into 70 luxury condominium residences which sold at an average sale price in excess of $2,000 per square foot.&#160;</p> <p class="p2"><strong>About Equus Capital Partners, Ltd.</strong><br /> Equus Capital Partners, 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 and industrial properties and nearly 17,000 apartment units in over 65 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 <span class="s1">www.equuspartners.com.&#160;</span></p> <p class="p3"><strong>For additional information on the transaction, please contact:</strong><br /> Christopher J. Locatell, Senior Vice President, 215-575-2349</p> <p class="p2"><strong>For additional information on Barbizon 63, please contact:</strong><br /> Joseph Nahas, Jr, Senior Vice President, 215-575-2363</p> </body> </html>