Press Releases

EQUUS CLOSES $310 MILLION PRIVATE EQUITY REAL ESTATE FUND

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><span class="s1"><strong>PHILADELPHIA, PA. – January 9, 2014</strong></span> – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity real estate fund managers, announced the close of BPG Investment Partnership IX, L.P. (Fund IX), with equity investments totaling $310 million. Fund IX officially closed on December 13, 2013 and is targeting value-add office, multifamily, industrial and retail investments located in major metropolitan centers throughout the United States.&#160;</p> <p class="p2">“The response has been very positive, with investor commitments exceeding our $250 million goal by 24 percent,” said Joseph G. Nahas, Jr., Senior Vice President, institutional marketing and investor relations, of Equus.&#160;</p> <p class="p1">Over the last 20 years, Equus has raised nearly $3 billion of discretionary equity through the formation of nine co-mingled, closed end funds and one co-investment fund. Fund IX investors include pension funds, endowments, foundations, Taft-Hartley plans and high net worth individuals. &#160;</p> <p class="p3">“Equus’ investment strategy for Fund IX mirrors the successful approach we employed for our 10 prior funds on a nimble, entrepreneurial scale that reflects the current real estate environment,” said Daniel M. DiLella, President and Chief Executive Officer of Equus. “We will continue to seek investments where we add value through our proven direct operating platform that has consistently delivered excellent returns for our investors.”</p> <p class="p3">Fund IX has already invested $83 million across nine properties in a diverse portfolio that includes multifamily, office, lab and industrial properties located in the East, Midwest and Southwest regions of the United States. Since the time of acquisition, Equus has increased occupancy from 86 percent to 95 percent across the portfolio. The latest investment was the acquisition of Meridian Corporate Plaza (MCP), a three-building, 329,546-square foot Class A office park located&#160;in Carmel, a suburb of Indianapolis, Indiana.</p> <p class="p3"><strong>About Equus Capital Partners, Ltd. <br /> </strong>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 more than 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.</p> <p class="p4"><strong>For additional information on the company, please contact:</strong><br /> Joseph Nahas, Jr, Senior Vice President, 215-575-2363</p> </body> </html>