|
Equastone Value Fund I (EVF I) was launched in September 2004 and closed in August 2005 with equity capital commitments of $53.5 million. The investment objective of EVF I is to acquire opportunistic and value-added real estate (primarily office properties). EVF I was offered to accredited investors (either directly or through their fee-only financial advisors) and the minimum investment amount was $50,000.
Since September 2004, Equastone made 17 acquisitions totaling over $300 million on behalf of EVF I.� The portfolio includes investments in Class A and Class B office buildings located in San Diego, Phoenix, Las Vegas, Denver, Colorado Springs, San Antonio and Dallas. Equastone is aggressively driving the performance of the portfolio, adding value by repositioning and physically improving properties, leasing vacant space and improving operations.
| Investment |
Location |
Investment Date |
Total Square Feet |
% Ownership |
| Tech Center I |
Colorado Springs, CO |
Sep-2004 |
111,788 |
100% |
| Pikes Peak Research Center |
Colorado Springs, CO |
Sep-2004 |
84,888 |
100% |
| Tech Center VI |
Colorado Springs, CO |
Jul-2005 |
104,439 |
100% |
| Northwood Tower |
San Antonio, TX |
Oct-2005 |
256,429 |
50% |
| One International Center |
San Antonio, TX |
Nov-2005 |
300,241 |
50% |
| South Mountain Center |
Phoenix, AZ |
Nov-2005 |
86,835 |
100% |
| The Views |
Broomfield, CO |
Apr-2006 |
336,761 |
77% |
| One Riverwalk Place |
San Antonio, TX |
Dec-2006 |
261,431 |
82% |
|
