Equastone's senior management team averages over 19 years of experience. Having acquired and sold in excess of $1.4 billion of commercial real estate, Equastone has established an institutional quality platform with the capability to acquire and manage substantial portfolio assets. Please note that in the chart below the results presented (i) reflect only realized investment, the most recent occurring in August 2007 (ii) are prior to the effect of
fees and profit sharing; and (iii) represent realized transactions to date.
($ 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. |
