Equus Capital Partners Acquires Multifamily Portfolio Across Four Cities For $220M
$220,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 14, 2024
AI
The Multifamily Portfolio, located across Atlanta, Philadelphia, Raleigh, & St. Louis, was sold for $220,000,000. The portfolio consists of 1,249 units, with a price per unit of $176,141. The acquisition was made by Equus Capital Partners, Ltd., along with Kyle Turner, Laura Brestelli, Andrew Holloway, Alex Keszeli, and Alex Mazur.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $220,000,000
- Units: 1,249
- Price Per Unit: $176,141
- Market: Atlanta, Philadelphia, Raleigh & St. Louis
- Buyer: Kyle Turner, Laura Brestelli, Andrew Holloway, Alex Keszeli & Alex Mazur - Equus Capital Partners, Ltd
- Lender: Fannie Mae
- Mortgage Brokers: Kippy Donovan & Steve Comly - Newmark
Focusing on the key individuals behind the deal, Equus Capital Partners, Ltd. acquired the multi-family portfolio with a US public pension plan. Madison Apartment Group LP is set to manage the property upgrades and operations, underlining strategic investments in growing markets. The transaction was facilitated by financing assistance from Newmark's Debt Capital Markets, provided by Kippy Donovan and Steve Comly.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93