PRESS RELEASES

Equastone Renames Dallas Office Property and Unveils Plans For Significant Upgrades

Dallas, TX – Equastone, a private real estate investment firm, today renamed its Merit Centre project in Dallas to TriStone. Acquired in May 2007 by Equastone’s second value-added fund, the property includes three Class B+ office buildings totaling 295,440 square feet located on LBJ Freeway between the Dallas North Tollway and Preston Road. Along with significant updates to the interior and exterior of the property, the new name and logo reflect Equastone’s vision to significantly elevate the property’s image. Equastone has unveiled a $3 million capital improvement program that will extensively improve the interior, exterior, parking, and the landscape of TriStone with a fresh, contemporary look.

Clint Harrington, Executive Vice President of Equastone, said, “Our proven strategy is to add value by fixing, leasing and improving operations in underperforming properties. Renaming the complex and rebuilding its image with significant interior and exterior upgrades are essential elements of a successful leasing program and attracting tenants. The project is in a very desirable location with two of the buildings fronting LBJ Freeway which provides advantageous signage opportunities. As one of the few Class B+ properties adjacent to the highly desirable Galleria, TriStone will emerge as one of the best values in this submarket.”

Equastone has retained Staffelbach Design associates to create TriStone’s improved look and feel. Interior plans include completely redesigned and upgraded lobbies, entryways, corridors, common areas, and restrooms. TriStone will also receive new modernized elevators and heating, ventilation, and air-conditioning systems. Each building will be outfitted with new walkways and entry stairs plus an architectural accent to better define the main entries into each building. Finally, the firm will upgrade the parking area and
landscaping of the entire grounds to highlight a boulevard style entrance from LBJ Freeway and to showcase the ample green-space throughout the property.

Bryan Marsh, Senior Vice President of Equastone, added, “The complex is full of mature live oak trees which create a beautiful park-like setting that many tenants and brokers may not know existed. We expect the new image will dramatically increase the project’s appeal to companies seeking a cost-effective option near one of Dallas’ most prestigious intersections. New tenants will be offered a wide variety of customizable space, attractive improvement packages, and prominent signage opportunities along the LBJ Freeway. Given strong demand for office in the Dallas/Fort Worth area, the property should lease-up quickly.”

Equastone is one of the largest commercial office owners in the Dallas/Fort Worth Metroplex with 21 office buildings totaling nearly 4.3 million square feet. The Firm recently opened a Dallas, Texas office at 14800 Landmark Boulevard. All inquiries regarding Equastone’s Dallas/Fort Worth area office portfolio should be directed to Bryan Marsh at bmarsh@equastone.com.

About Equastone
Equastone currently owns 57 office and flex buildings encompassing more than 9.1 million square feet throughout the United States and intends to acquire $1 billion of new investments this year. Equastone has offices in San Diego, Denver, Houston and Dallas, and owns properties in California, Arizona, Colorado, Georgia, Louisiana, Nevada, Oregon and Texas.

Equastone is a real estate investment firm specializing in the opportunistic acquisition and asset management of value-added real estate. Equastone manages investment capital on behalf of Equastone Real Estate Funds, which are private equity funds for high net-worth and institutional investors. For more information about Equastone, call Mykel Sprinkles at (858) 812-3261 or visit www.equastone.com.

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