Miami Real Estate Acquisition

JZ CAPITAL PARTNERS ACQUIRES THREE NEW PROPERTIES IN MIAMI, FLORIDA 1 April 2015 JZ Capital Partners Limited (LSE:JZCP.L or "JZCP"), the London listed private equity fund that invests in high quality US and European microcap companies and US real estate, has expanded its real estate portfolio in Miami, Florida by making three new acquisitions alongside its long-term real estate partner, RedSky Capital, LLC ("RedSky"). JZCP and RedSky acquired 2621 NW 2nd Avenue located in Miami's Wynwood neighbourhood and 1 NE 40th Street and 35 NE 40th Street, two properties located in the Design District neighbourhood of Miami, Florida. The Miami Design District is a neighbourhood with innovative fashion, design, architecture and high-end dining experiences, attracting some of the world's most prestigious brands and retailers. These three properties follow JZCP's first investment in Miami's Wynwood neighbourhood, 2407 NW 2nd Avenue, which closed in January 2015. On a combined basis, the current Miami portfolio offers a total of 66,100 sq. ft. of prime retail and office rental with an additional 265,350 buildable sq. ft. providing future flexibility to develop a mix of luxury retail, high-end office, residential, or hotel space. The portfolio features 260 ft. of frontage on NE 40th Street and 210 ft. of frontage on NW 2nd Avenue, each the premiere retail corridor in its respective neighbourhood. The combined purchase price for the four properties was $97.4 million, of which JZCP provided $42.9 million. David Zalaznick, JZCP's Founder and Investment Adviser, commented: "The Design District of Miami is being transformed into a world-class shopping and cultural destination. We are excited to be invested in this fast growing market. This announcement marks our fourth acquisition in the Miami property market since the beginning of the year - a key market as we strive to build a balanced portfolio of real estate assets that provide our shareholders with superior, long-term returns." Ends For further information: Ed Berry / Kit Dunford +44 (0) 20 3727 1143 FTI Consulting David Zalaznick +1 212 485 9410 Jordan/Zalaznick Advisers, Inc. Andrew Maiden +44 (0) 1481 745368 JZ Capital Partners About JZCP JZCP is a London listed private equity fund which invests in high quality microcap companies, real estate and other debt and equity opportunities globally but with a particular focus on opportunities in the US and Europe. Its corporate objective is to create a portfolio of investments providing a superior overall return comprised of a current yield and significant capital appreciation. JZCP receives investment advice from Jordan/Zalaznick Advisers, Inc. ("JZAI") which is led by David Zalaznick and Jay Jordan. They have worked together for 30 years and are supported by teams of investment professionals in New York, Chicago, London and Madrid. JZAI's experts work with the existing management of microcap companies to help build better businesses, create value and deliver strong returns for investors. JZCP, with the advice of JZAI, targets predominantly private investments, seeking to back exceptional management teams to deliver on attractive investment propositions. For more information please visit www.jzcp.com.
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