Press Releases

EQUUS ACQUIRES 280 UNIT MULTIFAMILY COMMUNITY IN ORLANDO, FL

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><strong><img title="Madison Riverwalk" alt="Madison Riverwalk" src="/media/336078da-cc76-4c42-b569-812f943ae53e/DSC04641_JR_jpg?mw=700&mh=650" width="184" height="116" /> <br /> </strong><strong>Philadelphia, PA – (June 4, 2015)</strong> – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity real estate fund managers, announced today that its affiliates have acquired Shadow Creek, a 280 unit multifamily community located in Winter Springs, a suburb of Orlando, Florida. The community was approximately 95 percent occupied at the time of closing. Madison Apartment Group, L.P. (Madison), the multifamily operating arm of Equus, will manage the community for the firm.</p> <p>“The transaction provided us with an opportunity to acquire a well located multifamily community in the desirable and growing Orlando market,” commented Steve Pogarsky, vice president of Equus who oversaw the acquisition for the firm. “We continue to seek opportunities to expand our national multifamily footprint with strategically located assets in primary and secondary markets nationwide.”</p> <p>Shadow Creek has been renamed Madison Riverwalk. The garden style community includes a mixture of one, two and three bedroom apartments. Onsite amenities are extensive and include a clubhouse, fitness center, business center, pool, indoor basketball and racquetball courts, sand volleyball court, tennis courts and an outdoor kitchen and grilling area. Over the coming months, Equus will invest over $3 million to improve the community including a comprehensive rebranding program, improvements and updates to the community amenities and apartment interior upgrades.</p> <p>Madison Riverwalk is located on Red Bug Lake Road with convenient access to both Interstate 4 and State Road 417. This central location is convenient to many of the regional employment nodes including the Orlando CBD, Maitland, Lake Mary, and the University of Central Florida. Steve Pogarsky added, “In addition to the proximity to major employers, the local area is convenient to many amenities and benefits from a highly rated school system.”</p> <p>The acquisition of Madison Riverwalk was made on behalf of BPG Investment Partnership IX, L.P. (Fund IX), a discretionary fund managed by Equus.</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. Equus’ portfolio consists of over 24 million square feet of office, retail and industrial properties and nearly 16,000 apartment units in over 60 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><strong>About Madison Apartment Group, L.P.</strong><br />Madison Apartment Group, L.P. (Madison) is the multifamily operating arm for Equus Capital Partners, Ltd.. Madison manages Equus’ multifamily portfolio consisting of nearly 16,000 apartment units in over 60 communities located in 14 states throughout the United States. For additional information, please visit the company’s website at <a href="https://mail.bpgltd.com/owa/redir.aspx?C=EWGn-NqnRkWcK3-LVBE_2jkGPU1PdtIIItqvYyCT0c9_Go3dnXuA7YW8f7sc9db_rM_Ia1_AmsM.&amp;URL=http%3a%2f%2fwww.madisonapartmentgroup.com" target="_blank">www.madisonapartmentgroup.com</a></p> <p><strong>For additional information on the company, please contact: <br /> </strong>Joseph Nahas, Jr, Senior Vice President, 215-575-2363</p> <p><strong>For additional information on the property, please contact: <br /> </strong>Steve Pogarsky, Vice President, 215-575-2445</p> </body> </html>