140 – 160 Franklin Street

140 – 160 Franklin Street

Life was good during November, 2007. It appeared at the time nothing would stop the growth of the
economy. Equistone Partners was just formed in California and was looking for a project in an up and
coming area with a path to raise limited partner equity and acquire an asset. A well-located property in
Oakland’s Jack London Square was a perfect choice.

80 Swan Way

80 Swan Way

80 Swan Way is an example of that rare acquisition in the real estate cycle where a property is acquired
for a fraction of replacement cost, due to external economic factors and inefficiencies.