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DENVER-Equastone, formerly named Equus Realty Advisors, LLC, a real estate investment firm recently hired Todd Parker as an executive vice president. Equastone specializes in opportunistic, value-add and core-plus real estate investment holdings. In his new role, Parker will be responsible for all Equastone owned and managed properties in Colorado, including asset, property and construction management, leasing, acquisitions and dispositions. Parker will be working out of Equastone’s newly opened Colorado Regional Office at 16 Market Square Center in Denver’s LoDo District.

The immediate need for an executive partner and regional office arose after Equastone’s acquisition of four office properties totaling 437,000 sf during the past 12 months. The firm’s current Colorado portfolio includes properties in the Quad at Lowry IV in Denver and Tech Center I, Tech Center VI and Pikes Peak Research Center in Colorado Springs. Equastone remains bullish on the Colorado office market and intends to acquire up to an additional $50 million to $75 million of investment property in the region in the near term.

“Equastone has identified Colorado as a key investment market,” Parker says, adding that he excited to lead their efforts in Colorado. Parker’s focus will be on enhancing the value of Equastone’s existing Colorado portfolio and expanding Equastone’s presence in the region.

“We are fortunate to have Todd directing our expansion efforts in Colorado,” says Equastone chief operating officer, Roger Simsiman. “He is a widely respected industry expert and his intimate market knowledge will be instrumental in achieving our investment objectives.”

Parker has 15 years of experience as a manger of commercial real estate investments, including acquisitions, financing, leasing and dispositions. Most recently, Parker was vice president of the Office Services Group at Grubb & Ellis in Denver. Parker is a graduate of the University of Wisconsin-Madison, where he earned a bachelor of business administration, real estate and urban economics.

Equastone opened its first regional office in Phoenix, in January 2004. The company also has an office in La Jolla, CA., where it is based. Equastone acquires, improves, repositions, leases, manages, operates and sells commercial real estate on behalf of Equastone Real Estate Funds.

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