Press Releases

EQUUS BREAKS GROUND ON NEW MULTIFAMILY COMMUNITY IN COLLEGEVILLE, PA

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><em>Montgomery County Commissioner Bruce Castor, Jr. and other local dignitaries welcome beginning of construction with groundbreaking ceremony</em></p> <p class="p1"><strong>Collegeville, PA – October 15, 2014 -</strong> <a href="http://www.madisonapartmentgroup.com"><span class="s1">Madison Apartment Group, L.P</span></a>. (Madison), the multifamily operating arm of Equus Capital Partners, has announced the official groundbreaking of its newest multifamily community, Madison Providence. Located in Collegeville, PA, Madison Providence offers modern apartment living in a classic suburban setting. Montgomery County Commissioner Bruce Castor, Jr. and other local dignitaries joined Madison to celebrate the start of construction at an official ceremony held October 15.</p> <p class="p2">"Madison Providence will offer the most sought out amenities, the latest green building specifications and immediate access to some of the region’s best shopping and entertainment," said Dan DiLella, President and CEO of Equus Capital Partners.&#160; “This apartment community will help meet area demand for high end apartment living with the convenience and benefits of a suburban lifestyle.”&#160;</p> <p class="p1">Located within Providence Corporate Center, the new 240 unit Class A community is within one half mile of the intersection of Routes 422 and 29.&#160; Once complete in the spring 2015, Madison Providence will offer one and two bedroom luxury apartment homes designed around a state-of-the-art clubhouse and amenities center. Resident amenities will include the 5,580 square foot clubhouse with WiFi, cardio fitness center, billiards room and a dog washing station. Additional onsite amenities will include a resort style pool with sundeck, fire pit with outdoor seating, community gardens and a dog park.</p> <p class="p2">Madison Providence combines the best of suburban living with across-the-street access to shopping, and dining at Providence Town Center, the recently completed 750,000 square foot retail center that includes both national and regional retailers including Wegman’s, Best Buy, ULTA, Dick’s Sporting Goods, PetSmart and LA Fitness. The center also includes numerous restaurants such as P.F. Changs, Olive Garden, Panera, Starbucks, Red Robin and a movie tavern. The apartment community is within one mile of several of the area’s largest employers including GlaxoSmithKline, Quest Diagnostics, Dow Chemical and Wyeth Laboratories. The King of Prussia office market, the largest of Philadelphia’s suburban markets, is just 10 minutes away via the Route 422 Expressway.</p> <p class="p2">The community will consist of 12 two and three story buildings located on a rolling 26 acre site. Every apartment home (1,014 square foot average unit size) has been meticulously designed and appointed with features such as stainless steel appliances, granite countertops, 9 foot ceilings, oversized windows, master bedroom suites, high efficiency sustainable features and private balconies and patios. For more information about Madison Providence, please visit <a href="http://www.madisonprovidence.com"><span class="s1">www.madisonprovidence.com</span></a>.</p> <p class="p3"><strong>About Madison Apartment Group, L.P.&#160; <br /> </strong> Madison Apartment Group, L.P. (Madison) is the multifamily operating arm for Equus Capital Partners, Ltd.. Madison manages Equus’ multifamily portfolio consisting of nearly 17,000 apartment units in over 65 communities located in 14 states throughout the United States. For additional information, please visit the company’s website at <a href="http://www.madisonapartmentgroup.com"><span class="s1">www.madisonapartmentgroup.com</span></a>.&#160;</p> <p class="p4"><strong>About Equus Capital Partners, Ltd.</strong><br /> Equus Capital Partners, 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 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 <span class="s2">www.equuspartners.com.&#160;</span></p> </body> </html>