Stephen M. Spaeder Of Equus Capital Partners Acquires Multifamily Asset In Geneva For Undisclosed Amount

The asset involved in the transaction is a multifamily property located at 390 Brittany Court, Geneva, IL. The property encompasses 217,340 square feet and includes 226 units. The transaction reflects a significant shift in ownership within the Geneva market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Address: 390 Brittany Court, Geneva, IL
• Square Footage: 217,340
• Units: 226
• Buyer: Stephen M. Spaeder - Equus Capital Partners
• Broker Representatives: Ralph DePasquale & Alex Blagojevich - Berkadia
• Occupancy: 97%
• Average Unit Size: 962 square feet

The acquisition was completed through a joint venture involving Equus Capital Partners and a U.S.-based public pension plan. The new ownership plans to implement upgrades to the property, which include enhancements to the interiors, common areas, and select exteriors.