Equastone has consistently delivered high returns to private and institutional investors due to its seasoned management team, an opportunistic and selective approach, and proven ability to add value. Equastone sponsored entities have realized 30 projects that generated a weighted average gross project-level return of 48.8% (a 2.5 gross equity multiple). Please note that in the chart below the results presented (i) are prior to the effect of
fees and profit sharing; and (ii) represent realized transactions to date.
($ in millions)
| Investment Vehicle |
Acquisition Period |
Investments / Realized |
Gross Acquisition Cost1 |
Equity Committed |
Gross Realized Equity IRR |
Gross Realized Equity Multiple |
| Individual Property Investments |
1993 - 2003 |
25/24 |
$120.7 |
$32.2 |
36.7% |
2.7x |
Equastone Value
Fund I |
2004 - 2006 |
17/6 |
231.9 |
69.0 |
65.8% |
2.2x |
Equastone Value
Fund II |
2005 - 2008 |
16/0 |
586.1 |
154.1 |
|
|
| Total |
|
58/30 |
$938.6 |
$255.3 |
|
|
1Gross acquisition cost represents the total purchase consideration for each asset multiplied by equity ownership percentage. |
