Press Releases

EQUUS ACQUIRES A TWO-BUILDING OFFICE PORTFOLIO IN HOUSTON, TEXAS

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><img src="/media/11642834-daa3-4bf6-bfdb-92b6ffa0d60f/Press Releases/2016_2-4_Houston Office Portfolio Acquisition_2-4-2016/Houston Office Portfolio Acquisition_png" /></p> <p><strong>Houston, TX – (January 21, 2016)</strong> – Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an&#160; affiliate has acquired 5300 Memorial Drive and 10497 Town &amp; Country Way, a two-building office portfolio totaling 302,461square-feet located in Houston, TX. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a discretionary fund managed by Equus.</p> <p>Both properties are strategically located in niche, amenity-rich locations.</p> <p>5300 Memorial Drive, totaling 153,671 square-feet, is located in the Midtown office submarket, approximately 3 miles west of downtown Houston, and is situated along the north side of Memorial Drive.&#160; The property’s proximity to downtown Houston and its ease of connectivity throughout the entire MSA makes this a highly sought after location to live and work. Midtown directly benefits from the demand drivers of greater Houston, but has its own dynamic employment center and is in close proximity to employee and executive housing. 5300 memorial is just half mile north of the River Oaks Residential Community, one of the most affluent residential communities in the United States.</p> <p>10497 Town &amp; Country Way is located in the Katy Freeway East Submarket of Houston, TX, and is approximately 14 miles west of downtown Houston. The 148,790 square-foot property is situated along the southeast side of the convergence of Beltway 8 and Interstate 10.&#160; In its immediate proximity are multiple retail, lodging, and dining amenity options. City Centre, a new, vibrant pedestrian-friendly live/work/play complex is less than ¼ mile to the west of the property and Memorial City Mall is located 1 mile east of the property.&#160; City Centre has over 400,000 square feet of dining, shopping and entertainment space, a 150,000 square-foot Lifetime Fitness facility, and over 500 hotel rooms.</p> <p>“This transaction provides the opportunity to acquire two best in class niche office assets that are both located in in-fill amenity rich areas.&#160; With our plans for significant capital upgrades and added amenities on-site, we believe both properties will become even more attractive and sought after by tenants in the marketplace,” commented Kyle Turner, Vice President of Equus Capital Partners, Ltd. who oversaw the acquisition for the firm, along with Roy Perry, Senior Vice President, and Lauren Nygren, Acquisitions Analyst. This transaction was negotiated directly with the seller, whose name was undisclosed.</p> <p><strong>About Equus Capital Partners, Ltd. <br /> </strong> Equus Capital Partners, Ltd. (“Equus”), is one of the nation’s leading private equity real estate fund managers. Equus’ portfolio consists of approximately 18 million square feet of office, retail, and industrial properties and over 11,000 apartment units across 49 multi-family communities located throughout the United States. The firm is headquartered in the Philadelphia area, with a principal office in Yardley, PA, and with offices in Philadelphia, Chicago, Los Angeles, Washington D.C., Boston, Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at <a href="http://www.equuspartners.com/">www.equuspartners.com</a>.</p> <p><strong>For additional information about the company, please contact:</strong><br /> Joseph G. Nahas, Jr., CRE, Senior Vice President<br /> (215) 575-2363 or visit <a href="http://www.equuspartners.com/">www.equuspartners.com</a></p> <p><strong>For additional information on the transaction, please contact: <br /> </strong> Kyle W. Turner, Vice President<br /> (215) 575-2447 or <a href="mailto:kturner@equuspartners.com">kturner@equuspartners.com</a></p> </body> </html>