Press Releases

EQUUS ANNOUNCES THE SALE OF MADISON HUNT CLUB IN MONTGOMERY COUNTY, PENNSYLVANIA FOR $65,000,000

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><img src="/media/2c68354b-0514-4b7f-8d02-2f17be857bf7/@Madison Hunt Club PR/Hunt Club-Internal Press Release Photo_jpg" /></p> <p><strong>PHILADELPHIA, PA. – October 14, 2015</strong> – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced today the sale of Madison Hunt Club. The 320 unit apartment community is located in North Wales, PA, 20 miles north of downtown Philadelphia. The community was sold to Paradise Properties for $65,000,000.&#160; At the time of the sale, the community was 96 percent occupied.</p> <p>“Madison Hunt Club’s convenient and irreplaceable infill location within immediate proximity to such desirable retail amenities as Whole Foods and Trader Joes resulted in extraordinary investor interest in this community,” commented Greg Curci, Vice President of Equus who was responsible for overseeing the disposition for the firm.</p> <p>The Seller was represented by Erin Miller of Jones Lang LaSalle.</p> <p>Located less than a half mile from the entrance to the 309 Expressway, Madison Hunt Club offers convenient access to the Pennsylvania Turnpike and downtown Philadelphia, as well as the major employment centers of Montgomery and Bucks County. The garden style apartment community offers a diverse mix of one, two, and three bedroom apartments in a low-density and attractive setting. All units offer private entrances, full-size washers and dryers, and patios or balconies.&#160; Community amenities include an outdoor swimming pool, tennis and basketball courts, fitness center, playground, and a nature trail.</p> <p>An affiliate of Equus acquired Madison Hunt Club from AIMCO in 2008 as part of a three-property portfolio.&#160; The transaction was made on behalf of BPG Investment Partnership VIII, L.P., a $550 million private equity fund.</p> <p><strong>About Equus Capital Partners, Ltd.</strong><br /> 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, and industrial properties and nearly 13,000 apartment units in over 50 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, Washington D.C., Boston, Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at <a href="http://www.equuspartners.com/">www.equuspartners.com</a>.</p> <p><strong>For additional information on the company, please contact:</strong><br /> Joseph G. Nahas, Jr, Senior Vice President, (215) 575-2363</p> <p><strong>For additional information on the transaction, please contact: <br /> </strong> Greg Curci, Vice President, (215) 575-2307 or <a href="mailto:gcurci@equuspartners.com">gcurci@equuspartners.com</a></p> </body> </html>