US Real Estate Acquisition

JZ CAPITAL PARTNERS EXPANDS U.S. REAL ESTATE PORTFOLIO WITH THREE ACQUISITIONS ~ JZCP makes its first real estate investment in Miami, Florida ~ 2 February 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 by making three acquisitions alongside its long-term real estate partner, RedSky Capital, LLC ("RedSky"). JZCP and RedSky acquired 184-186 and 204-206 Bedford Avenue, two separate properties located in the Williamsburg neighbourhood of Brooklyn, New York. The properties feature frontages of 50 ft. and 40 ft., respectively, on Bedford Avenue, the street with the highest footfall in Williamsburg, and a combined 20,850 sq. ft. of build-to-suit multi-level retail space. The combined purchase price for the two properties was $39.7 million. JZCP and RedSky have also adopted their proven value-orientated approach to real estate investment outside of New York for the first time, entering into the property market in Miami, Florida, specifically the Wynwood neighbourhood, where rapidly increasing retail rents amid a thriving arts sceneprovide very attractive investment opportunities. The initial design for theacquisition of 2407 NW 2nd Avenue features approximately 25,000 sq. ft. of prime retail and flexible office space at the most important intersection in the Wynwood neighbourhood of Miami, with an additional 50,000 buildable sq. ft. providing optionality for future development of residential, office or hotel space. The purchase price for the property was $10.6 million. David Zalaznick, JZCP's Founder and Investment Adviser, commented: "We continue to see attractive real estate opportunities in the U.S., particularly in off-market assets with compelling value-add opportunities. The latest investments are a continuation of that strategy, and we are delighted to expand into Miami's Wynwood neighbourhood, which draws strong parallels tothe rich, urban ecosystem of Williamsburg, Brooklyn. "Over the past decade, Wynwood has seen an increasing trend of property restoration and regeneration, transitioning what was once a primarily commercial area into a vibrant work-live-entertainment hub, giving us further confidence that this is a solid investment opportunity with significant capital growth potential and secure income returns." Ends For further information: Ed Berry / Kit Dunford +44 (0) 20 3727 1143 FTI Consulting David Zalaznick +1 212 4859410 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 US and European microcap companies and US real estate. Its objective is to achieve 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 also invests in mezzanine loans, first and second lien investments and other publicly traded securities. For more information please visit www.jzcp.com.
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