Press Releases

EQUUS CAPITAL PARTNERS, LTD. ACQUIRES FOUR-BUILDING OFFICE PARK IN WAYNE, PENNSYLVANIA

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><img src="/media/d6155890-681d-4cd1-94e6-1fee96dcbd86/@Bay Colony/PrimaryPhoto2_JPG" /></p> <p><strong>Philadelphia, PA (August 13, 2015) -</strong> Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that its affiliates have acquired Bay Colony Executive Park, a 247,294 square-foot four-building office park in Wayne, Pennsylvania, a suburb of Philadelphia. The property is conveniently located at the confluence of I-76, US Route 202, the Pennsylvania Turnpike, and US Route 422, approximately 20 miles northwest of center city Philadelphia. The property was 88% leased at the time of closing. The acquisition was made on behalf of BPG Investment Partnership IX, L.P. (“Fund IX”), a discretionary fund managed by Equus. The seller of the property was Brandywine Realty Trust (“BDN”), a publically traded REIT based in Radnor, Pennsylvania.</p> <p>Bay Colony Executive Park is located just 1.5 miles from the King of Prussia Mall and less than 1 mile from the Wegmans-anchored King of Prussia Town Center, which is currently under construction. Upon its completion, the Town Center will add new living, dining, shopping, and fitness options to the area. In the fourth quarter 2015, LifeTime Fitness, a high-end athletic club that has been central to other prime retail developments across the country, is expected to break ground on a 100,000± square-foot facility diagonally across Swedesford Road from Bay Colony and provide yet another desirable amenity to the area.</p> <p>“With the acquisition of Bay Colony, we will benefit from the transformation that is happening in the immediate area. This quadrant of King of Prussia/Wayne will soon be regarded as one of the true live/work/play environments in the Greater Philadelphia area,” commented George Haines, Vice President of Equus Capital Partners, Ltd., who along with Joe Felici, directed the acquisition. “We recognize the real demand for modernized office space in amenity-rich locations. After a significant capital investment in building and campus upgrades, we believe that Bay Colony will be highly coveted by tenants in our marketplace.”</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 over 24 million square feet of office, retail, and industrial properties and nearly 16,000 apartment units in over 60 multi-family communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, 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: <br /> </strong> Joseph G. Nahas, Jr., Senior Vice President<br /> (215) 575-2363&#160; or visit <a href="http://www.equuspartners.com/">www.equuspartners.com</a></p> <p><strong>For additional information on the property, please contact: <br /> </strong> George Haines, Vice President<br /> (215) 575-2493, or <a href="mailto:ghaines@equuspartners.com">ghaines@equuspartners.com</a></p> </body> </html>