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Equastone Value Fund III (EVF III) was launched in August 2007 and closed in November 2008 with equity capital commitments of $44.28 million. The investment objective of EVF III is to acquire opportunistic and value-add real estate (primarily office properties). EVF III was offered to accredited investors (either directly or through their fee-only financial advisors) with a minimum investment amount of $100,000.
Since August 2007, Equastone has invested in 14 properties (through 2 transactions) totaling approximately $200 million on behalf of EVF III. The portfolio includes investments in Class A and Class B office and industrial buildings located in Texas. Equastone is aggressively driving the performance of the portfolio, adding value by repositioning and physically improving properties, leasing vacant space and improving operations.
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