Equus Capital Partners Acquires Multifamily Portfolio Across Four Cities For $220M
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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.
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