Equus Capital Partners Acquires 230-Unit Multifamily Community In Lansdale For $73.1 Million

The property involved in this transaction is a multifamily asset located at 100 Jacobs Hall Lane in Lansdale, PA. The sale price was $73,100,000, and the property comprises 230 units, resulting in a price per unit of $317,826. At the time of sale, the property was 98% occupied and features townhome-style units along with amenities such as a fitness center, pool, and media room.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $73,100,000
• Buyer: Stephen M. Spaeder & Alex Keszeli - Equus Capital Partners
• Seller: DiLucia Management
• Broker: Erin Miller - Newmark
• Units: 230
• Price Per Unit: $317,826

Equus Capital Partners, represented by Stephen M. Spaeder and Alex Keszeli, acquired the property on behalf of its value-add fund and co-investors. The deal includes plans for a $5.8 million capital improvement project, aimed at enhancing the living experience within the community.