A. Equus Capital Partners, Ltd. (“Equus” or the “Firm”) is a
privately held real estate investment management firm with strong operational and
development expertise. The Firm’s business commenced in 1980 (including
predecessor entities). The current portfolio overseen by Equus is composed of
commercial properties and apartment units throughout the U.S.
Equus is managed and directed by its President and CEO, Daniel M.
DiLella, along with a senior management team of 15 real estate professionals.
These 16 individuals have spent the majority of their careers in the real estate
industry and collectively have spent over 350 years with Equus-affiliated entities in
acquisition, development, dispositions, financing, leasing and management. The
Firm totals approximately 100 employees that include a highly qualified,
experienced team of approximately 95 professionals with real estate, capital
markets, finance, asset management, legal and accounting backgrounds. Since
1993, Equus has formed and/or operated fourteen investment funds and four co-
investment funds.
Equus is a limited partnership, the general partner of which is Equus GP,
LLC, a limited liability company owned by eleven members of the senior
management team of Equus (“Equus Management”). The sole limited partner of
Equus is Management Equity Investors, L.P., a limited partnership owned by
Equus Management.
B. Advisory
services offered. Equus provides investment
management services exclusively to clients that are privately offered pooled
investment vehicles (each a “Fund” or “Client” and, collectively, the “Funds” or
“Clients”). Each Fund is either: (i) a traditional large pooled investment fund with
unspecified real estate investments to be selected by the Fund’s general partner
with the assistance of Equus, or (ii) a pool of capital for specified real estate
investments. Each Fund is available for investment only via a “private offering,”
and is intended only for investment by “accredited investors,” as those terms are
defined under the Securities Act of 1933, as amended. Each Fund’s investment
objective includes providing a certain level of returns net of fees and expenses as
described in detail in the Fund’s offering documents. In pursuit of each Fund’s
investment objective, Equus utilizes a value-added, direct operating approach to
real estate investment. Equus’ advice is generally limited to real estate
investments.
C. Tailoring to individual needs. Though Equus utilizes a similar
strategy for all of the Funds, it tailors advisory services to the specific needs of the
Funds to the extent that certain securities cannot be held by certain Funds for legal
or tax purposes.
D. Assets under management. Equus managed approximately
$1.784 billion of assets on a discretionary basis1 as of December 31, 2023.