Equus Capital Partners Acquires Three Multifamily Properties In Raleigh, NC For $66.65M

Equus Capital Partners has reacquired three North Carolina apartment complexes—Madison Hunters Glen (180 units), Laurel Springs (122 units), and Laurel Oaks (164 units)—for a total of $66.65 million. The properties are located at 561 Bridle Ridge Lane, 100 Hunt Club Lane, and 3111 Long Meadow Court in Raleigh, NC. The multifamily assets were sold in a transaction that closed on February 1, 2024.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $66,650,000
• Buyer: Daniel M. DiLella, Jr - Equus Capital Partners
• Mortgage Brokers: Kippy Donovan & Steve Comly - Newmark

Equus Capital Partners, represented by Daniel M. DiLella, Jr, acquired the three multifamily properties located in Raleigh, NC. The deal was facilitated by mortgage brokers Kippy Donovan and Steve Comly from Newmark. The transaction, which closed on the 1st of February 2024, marked the successful reacquisition of the Madison Hunters Glen, Laurel Springs, and Laurel Oaks complexes, totaling 466 units, for a combined price of $66.65 million.