facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

National

/

Multifamily

/

Sale

/

Equus Capital Partners Acqu...

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

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

Steve Comly

Newmark

Broker

$304.3M

vol

3 deals

Broker
Fannie Mae
Fannie MaeLender

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