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Equus Throwing $300M at Overwhelmed Owners

LA JOLLA, CA-La Jolla-based Equus Realty Advisors specializes in the acquisition, management and redevelopment of financially distressed commercial properties. "We expect property prices to fall further over the next 12 months as lenders take back non-performing properties and rents fall," says Equus President Chad Carpenter.

By Randyl J. Drummer | Updated on March 20, 2002

LA JOLLA, CA-A real estate firm has announced it will spend $300 million over the next two years to scoop up “opportunity” office and industrial deals springing from corporate layoffs and the soft economy.

La Jolla-based Equus Realty Advisors is ramping up its acquisitions as a result of “promising buying opportunities” as a result of eroded demand for office and industrial space.

The company specializes in the acquisition, management and redevelopment of financially distressed commercial properties. Equus is in escrow or late negotiations to acquire nearly 1 million sf throughout the western U.S.

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