ABOUT EQUASTONE VALUE FUND II

Equastone Value Fund II (EVF II) was launched in October 2005 and closed in April 2007 with equity capital commitments of $172.5 million.  The investment objective of EVF II is to acquire opportunistic and value-add real estate (primarily office properties) that will produce net returns to investors of 15-20% per year over a five-year term.  EVF II was offered to accredited investors (either directly or through their fee-only financial advisors) with a minimum investment amount of $100,000.

ADVISORY BOARD
Equastone Value Fund II established an Advisory Board which comprises a set of distinguished individuals who represent several major investors in the fund.  The Advisory Board was established to represent investors and to advise Equastone’s management team on various matters. See Advisory Board

EQUASTONE VALUE FUND II PORTFOLIO

Since August, 2007, Equastone has invested in 46 properties (through 15 transactions) totaling approximately $600 million on behalf of EVF II.  The portfolio includes investments in Class A and Class B office, flex and R&D buildings located in California, Colorado, Georgia, Louisiana, Oregon, and Texas. Equastone is aggressively driving the performance of the portfolio, adding value by repositioning and physically improving properties, leasing vacant space and improving operations.