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EVOQ Properties Inc.(fka EVOQ)

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Last Post: 10/17/2014 5:28:50 PM - Followers: 37 - Board type: Free - Posts Today: 0



 

 

EVOQ Properties, Inc. ("EVOQ Properties" or "EVOQ") is a publicly owned real estate private equity firm headquartered in Downtown Los Angeles. EVOQ's existing portfolio of 35 assets includes approximately 3.5 million square feet in the greater Los Angeles area with a focus on industrial, creative office and multifamily residential assets. Properties include a mix of operating, redevelopment and land assets, with significant value-add opportunities across the portfolio.

The firm has a current market capitalization of approximately $40 - $50 million and is backed by strong institutional sponsorship. EVOQ is well capitalized and positioned to deliver superior risk adjusted returns to investors through the management and redevelopment of core assets within the acquired portfolio, the strategic disposition of select non-core assets, and the execution of joint venture development partnerships to build best-in-class properties.

In March 2009, the company, then know as Meruelo Maddux Properties Inc, and numerous of its subsidiaries have filed for voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in California. The company exited Chapter 11 on July 25, 2011.EVOQ Properties is the successor business to Meruelo Maddux Properties, Inc. ("MMPI"). MMPI was a full service real estate company that developed and owned commercial properties in downtown Los Angeles - the company owned 55 assets at its peak and was reported to be the largest non-government land owner in LA County. MMPI was originally sponsored with a $150 million revolving credit facility from CalPERS that was repaid in full in early 2007 following the company's IPO.

A series of management missteps and a deteriorating commercial real estate market forced MMPI to petition for relief under Chapter 11 of the U.S. Bankruptcy Code approximately two years later on March 26, 2009. In addition to reorganization plans filed by secured creditors and the Debtor, a third, competing plan was filed by independent equity holders unaffiliated with management. This plan, known as the "Charlestown Plan," was confirmed by the Bankruptcy Court in early 2011 and capitalized by EVOQ's current sponsorship group which purchased 55% of the outstanding shares of common stock in MMPI. Sponsorship replaced former management and the company's Board of Directors entirely, and the company emerged from bankruptcy protection on July 25, 2011 with new capital and a new management team already in place.

 

Filing Date Forward Chart (3/27/09):

 


 

Effective Date Forward Chart (7/25/11):

 

 

PostSubject
#3162   EVOQ acquired. Finra deleted symbol: Renee 10/17/14 05:28:50 PM
#3161   Anyone receiving the information documents? I wonder what yuanxi617 10/03/14 01:20:42 PM
#3160   ENJOY THE SABBATH ! GreenTeaInc 09/28/14 10:45:25 AM
#3159   11.666 Dont fight it GreenTeaInc 09/28/14 10:40:46 AM
#3158   $11.66 ???????? Can anyone explain this? insomniac 09/26/14 01:01:22 PM
#3149   56 Chevy .... drsandcrs 09/09/14 01:11:48 AM
#3148   Check out PTAXF .. Could be another insomniac 08/26/14 02:17:52 PM
#3147   It was a very good campaign... Its time insomniac 08/20/14 01:04:13 AM
#3146   MORE $$$ PLEASE GreenTeaInc 08/18/14 09:46:38 PM
#3145   gluegun44128 08/18/14 01:03:24 PM
#3144   One year ago today (Jan 2013) EVOQ was 56Chevy 08/18/14 12:21:52 PM
#3143   I find the use of the work "only" funny. Enterprising Investor 08/18/14 11:35:35 AM
#3142   EVOQ INVESTOR ALERT - Andrews & Springer LLC Enterprising Investor 08/18/14 11:33:35 AM
#3141   EVOQ Properties Announces Sale of Company to Investor Enterprising Investor 08/18/14 11:30:26 AM
#3140   HaHa!! Saw something today...'what would you do if GreenTeaInc 08/07/14 08:32:42 PM
#3139   Hey T What are you smokin.. insomniac 08/03/14 10:57:42 AM
#3138   ITS THE LIL THINGS IN LIFE... GreenTeaInc 07/30/14 01:01:09 AM
#3137   The size of drscrs...!!!! GreenTeaInc 07/30/14 12:48:20 AM
#3136   It's a needle ..... drsandcrs 07/28/14 09:00:10 PM
#3135   REAL lenders convert to EQUITY GreenTeaInc 07/08/14 02:15:51 AM
#3134   DUMB DUV GreenTeaInc 07/01/14 01:38:06 AM
#3133   DUMB DUV GreenTeaInc 06/27/14 10:01:08 AM
#3128   Hopefully some news in the next couple of months.. insomniac 04/28/14 05:19:52 PM
#3127   Hopefully some news in the next couple of months.. insomniac 04/28/14 05:19:52 PM
#3126   Hopefully some news in the next couple of months.. insomniac 04/28/14 05:19:38 PM
#3125   AMERICAN APPAREL Stadium home of ANGELS...or it can GreenTeaInc 03/27/14 01:03:51 PM
#3124   ALAMEDA STADIUM Home of the L A insomniac 03/25/14 03:39:10 PM
#3123   Looks like a couple of stragglers joining the party. insomniac 03/24/14 05:55:22 PM
#3122   Ok How about a stadium and a insomniac 03/20/14 09:47:18 PM
#3121   CITY OF ANGELS GreenTeaInc 03/19/14 01:44:26 PM
#3120   Considering ..... drsandcrs 03/18/14 10:08:50 PM
#3119   Would you share your price estimate, assuming they insomniac 03/17/14 04:28:29 PM
#3118   Yes and Yes drsandcrs 03/17/14 01:47:38 PM
#3117   DR Do you have any idea what this insomniac 03/17/14 12:47:29 AM
#3116   *Nothing like a solid 3 bagger + to drsandcrs 03/15/14 07:29:34 PM
#3115   Sell Alameda to the Dodgers... City and State insomniac 03/12/14 12:33:44 AM
#3114   One year ago today (Jan 2013) EVOQ was 56Chevy 03/10/14 05:16:00 PM
#3113   I dont think there are any outsiders left insomniac 02/27/14 08:29:18 PM
#3112   The BOD ... drsandcrs 02/27/14 01:39:47 PM
#3111   The Board of Directors better watch out! Enterprising Investor 02/27/14 08:39:40 AM
#3110   No clue. Enterprising Investor 02/27/14 08:33:00 AM
#3109   E I What is your estimate regarding a insomniac 02/27/14 12:11:04 AM
#3108   EVOQ Properties to Explore Strategic Alternatives Including Sale Enterprising Investor 02/26/14 11:05:52 PM
#3107   EVOQ mgmt had no clue ... drsandcrs 02/26/14 10:24:10 PM
#3106   How do you know american apparel is going BK..??? insomniac 02/25/14 11:14:31 PM
#3105   Lipstick on a PIG drsandcrs 02/24/14 08:18:55 PM
#3104   Yeah Im glad I held on to it... insomniac 01/27/14 04:47:06 PM
#3103   One year ago today EVOQ was under $3 56Chevy 01/27/14 04:06:35 PM
#3102   Pretty good volume today.. I wonder if something insomniac 01/18/14 03:52:28 AM
#3101   Well the stock price is suggesting ,, It insomniac 10/11/13 12:39:49 PM
PostSubject