Equus Capital Partners, Ltd. Announces Strategic Leadership Changes

Equus Capital Partners, Ltd. ("Equus"), a national real estate investment manager and developer with over 40 years of experience, has announced several senior leadership transitions as part of a multi-year succession plan for the firm.

Stephen Spaeder has been named President and CEO, responsible for overall firm direction and investment performance. George Haines has been named Executive Vice President and Chief Operating Officer, Kyle Turner has been named Executive Vice President and Chief Investment Officer, and Howard Patent has been named Chief Financial Officer.

As part of the transition, longtime President and CEO, Daniel M. DiLella has been named Chairman of the Board. Arthur Pasquarella, former Chief Operating Officer, was named Vice Chairman of the Board, and Robert K. Maloney, former Senior Vice President and Chief Financial Officer, was named Secretary and Treasurer of the Board. All three remain active partners and shareholders at the firm and will continue to provide strategic direction.

"Equus has grown dramatically over the past three decades under Dan's leadership, and I look forward to building on our track record of success as the fund manager and developer of choice for institutional investors while preparing the firm for its next phase of growth," said Stephen Spaeder, President and CEO.

"This next generation of leadership has the experience, vision, and deep-rooted understanding of Equus' core values that will drive the company forward," said Daniel M. DiLella, Chairman. "This transition is the next step in the company's succession planning, and we are confident that under Steve's leadership, Equus will continue to expand as an institutional real estate investment manager and developer."

All four senior leadership promotions are longtime Equus employees who bring a wealth of experience and institutional knowledge to their roles. Stephen Spaeder joined Equus in 1988. Prior to his role as President and CEO, Mr. Spaeder was responsible for the acquisition and operation of a broad swath of the Equus portfolio, as well as leading the development of all of the firm's ground up and adaptive re-use projects.

George Haines joined Equus in 2001 and has led many of the firm's acquisition, development and asset management initiatives. Kyle Turner joined Equus in 2008 and most recently led investment execution and capital raising efforts for the firm's comingled Fund business, programmatic ventures and co-investments. Howard Patent joined Equus in 1993 and has managed tax compliance, planning and structuring for Equus and its investment vehicles.

Over the last 30 years, Equus has raised $3.4 billion of discretionary equity through the formation of 14 value-added funds and more than $1.0 billion of equity through a variety of co-investment ventures. The firm leverages a vertically integrated platform to create value throughout each investment's lifecycle and across multiple real estate asset classes, including industrial, multifamily, office, and mixed use. The firm's latest fund, Fund XII, totaled more than $465 million in equity commitments, with an additional $515 million in two co-investments involving large industrial portfolio acquisitions, bringing the total value of capital raised to $980 million.