Press Releases

EQUUS ANNOUNCES SALE OF MADISON WALNUT CREEK IN KANSAS CITY, MO FOR $21,000,000

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><strong>PHILADELPHIA, PA. – January 16, 2014 –</strong> Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced today the sale of Madison Walnut Creek. The 350 unit apartment community, located six miles northwest of downtown Kansas City in in Clay County, Missouri, was sold to Denver-based Monarch Investment and Management Group for $21,000,000. At the time of the sale, the community was 95 percent leased.&#160;</p> <p class="p1">“The expectation of future growth for nearby employers such as Ford, Cerner and the North Kansas City Hospital drove pricing above our expectations for this unique community,” commented Greg Curci, vice president at Equus who was responsible for overseeing the disposition for the firm.&#160;</p> <p class="p1">Located less than ½ mile from the interchange of Interstates 29 and 25, Madison Walnut Creek offers convenient access to downtown Kansas City and the restaurants and shops at the Zona Rosa.&#160; The garden style apartment community offers one and two bedroom apartments with washer/dryer connections, vaulted ceilings and wood burning fireplaces. Community amenities include two outdoor pools, a fitness s center, tennis courts and resident clubhouse and lounge.</p> <p class="p1">The seller was represented by Jeff Stingley and Gina Anderson of CBRE. &#160;</p> <p class="p1">An affiliate of Equus acquired Madison Walnut Creek as part of a 17 property portfolio in 2003. Madison Walnut Creek was the last remaining property in the portfolio to be sold. The transaction was made on behalf of BPG Investment Partnership VI, L.P., a $384 million private equity fund. &#160;</p> <p class="p1"><strong>About Equus Capital Partners, Ltd.</strong><br /> Equus Capital Partners, formerly BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers.&#160; Equus’ portfolio consists of over 24 million square feet of office, retail, student housing, and industrial properties and more than 18,000 apartment units in over 70 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, Washington DC, Boston, Atlanta and Raleigh-Durham. For additional information, please visit the company’s website at www.equuspartners.com.</p> <p class="p1"><strong>For additional information on the company, please contact:</strong><br /> Joseph Nahas, Jr, Vice President, 215-575-2363</p> <p class="p1"><strong>For additional information on the transaction, please contact:</strong><br /> Greg Curci, Vice President, 215-575-2307</p> </body> </html>