iStar Inc. (NYSE:STAR) and Equus Investment Partnership X, L.P. of Equus Capital Partners, Ltd. acquired McDowell Mountain Business Park from RAIT Financial Trust (NYSE:RAS) for $53.2 million on October 20, 2017. iStar Inc. and Equus Investment Partnership X, L.P. of Equus Capital Partners, Ltd. paid $208 per foot to acquire 255,573 square foot of office space. Mesa West Capital has funded a $42.7 million mortgage debt for the purchase of the asset. Bryan Taute, Jim Fijan and Will Mast of CBRE led the negotiations and Rocco Mandala of CBRE arranged the loan from Mesa West Capital.

iStar Inc. (NYSE:STAR) and Equus Investment Partnership X, L.P. of Equus Capital Partners, Ltd. completed the acquisition of McDowell Mountain Business Park from RAIT Financial Trust (NYSE:RAS) on October 20, 2017.