Press Releases

EQUUS ANNOUNCES $66,200,000 SALE OF FOUR MULTIFAMILY COMMUNITIES IN ATLANTA

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><strong>PHILADELPHIA, PA. – October 22, 2014</strong> – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced today the sale of a four property portfolio located in Atlanta, Georgia’s northern submarkets of Roswell, East Cobb and Tucker.&#160; The 1,100 unit portfolio was sold to a joint venture of BH Equities and an account advised by an affiliate of Highland Capital Management, LP for $66,200,000.&#160; At the time of the sale, the portfolio was 96 percent leased.&#160;</p> <p class="p1">“Strong property-level performance resulted in exceptional demand from an array of well-qualified investors for this portfolio,” commented Greg Curci, vice president of Equus who was responsible for overseeing the disposition for the firm.&#160;</p> <p class="p1">The portfolio consisted of Madison The Arbors, a 140 unit apartment community located in Tucker, Madison The Knolls, a 312 unit apartment community located in Marietta, The Crossings Wood Bridge, a 268 unit apartment community in Roswell, and The Crossing Wood Station, a 380 unit community in Marietta.&#160; The garden style communities were all constructed between 1984 and 1987 and included onsite amenities such as a clubhouse, resort style outdoor pools, fitness centers, playgrounds and tennis courts. Each community offers a diverse mix of generously sized 1, 2 and 3 bedroom floor plans with individual patios or balconies and washer and dryer connections. &#160;</p> <p class="p1">The seller was represented by Dave Gutting and Derrick Bloom of Jones Lang LaSalle.&#160;</p> <p class="p1">An affiliate of Equus acquired the four property portfolio in 2004. 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. <br /> </strong> Equus Capital Partners 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 nearly 17,000 apartment units in over 65 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>