Press Releases

EQUUS ANNOUNCES THE SALE OF MADISON ASPEN WOODS IN FLORISSANT, MO

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><img src="/media/b3976bfd-b4e9-4f77-aba4-9fb65ceb24a3/Press Releases/2016_10-13_Madison Aspen Woods Sale_10-13-2016/P1110950_Club House_jpg" /></p> <p><strong>PHILADELPHIA, PA. – October 13, 2016</strong> – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced today the sale of Madison Aspen Woods in Florissant, MO.&#160; The 435-unit apartment community was sold to Fireside Financial, LLC for $28,500,000.&#160; At the time of the sale the community was over 95 percent occupied.</p> <p>“The community’s generous unit sizes coupled with its attractive infill location resulted in strong investor interest,” commented Pete Naccarato who was responsible for overseeing the disposition for Equus.</p> <p>The Seller was represented by Ken Aston and Andrea Kendrick of Berkadia Real Estate Advisors.</p> <p>Madison Aspen Woods sits approximately 16 miles north of downtown St. Louis, within walking distance of the 335,000 square foot Shoppes at Cross Keys as well as numerous retail amenities located along nearby Lindbergh Boulevard.&#160; In addition, the property is located less than 3 miles from Interstate 270 which allows for convenient access to major employers across the St. Louis MSA. The garden style apartment community offers residents some of the largest floor plans in the market across a diverse mix of one, two, and three bedroom apartments. Fifty percent of the units at the property are townhomes. Community amenities on site include a pool with sundeck, landscaped courtyard, children’s playground, and clubhouse.&#160;</p> <p>An affiliate of Equus acquired Madison Aspen Woods in 2006 from a local private partnership. The transaction was originally made on behalf of BPG Investment Partnership VII, L.P., a $550 million private equity fund managed by Equus.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 more than 17 million square-feet of office, retail, and industrial properties and nearly 11,000 apartment units across 48 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Chicago, Los Angeles, 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: <br /> </strong> Joseph G. Nahas, Jr., CRE, Senior Vice President<br /> (215) 575-2363 or visit <a href="http://www.equuspartners.com/">www.equuspartners.com</a></p> <p><strong>For additional information on the transaction, please contact:</strong><br /> Peter Naccarato, Analyst<br /> (215) 575-2305 or <a href="mailto:pnaccarato@equuspartners.com">pnaccarato@equuspartners.com</a><br /></p> </body> </html>