Press Releases

EQUUS ANNOUNCES SALE OF MADISON BRANTLEY PINES IN FORT MYERS, FLORIDA FOR $27,200,000

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><strong>PHILADELPHIA, PA. – JANUARY 16, 2015</strong> – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced today the sale of Madison Brantley Pines, a 296 unit apartment community located in Fort Myers, Florida to CAPREIT for $27,200,000.&#160; At the time of sale, the community was 95 percent occupied.</p> <p class="p3">“Heightened investor demand for well-maintained and professionally-managed communities in robust secondary markets presented us with an opportunity to sell Madison Brantley Pines at favorable terms for our investors,” <span class="s1">commented Greg Curci, vice president of Equus who was responsible for overseeing the disposition for the firm.&#160;</span></p> <p class="p2">The garden style apartment community was constructed in two phases from 1988 to 1997 and offers a mix of generously sized one, two and three bedroom apartment homes with private entrances, individual patios or balconies and in unit washers and dryers. Community amenities include a clubhouse, pool, fitness center and lighted tennis and volleyball courts.</p> <p class="p2">The seller was represented by Jamie May and Edward Yang of JBM.&#160;</p> <p class="p2">In 2004, an affiliate of Equus acquired Madison Brantley Pines as part of a six property portfolio in Florida, North Carolina and Georgia from United Dominion Realty Trust (UDR).&#160;</p> <p class="p2"><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 and industrial properties and nearly 15,000 apartment units in over 55 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="p2"><strong>About Madison Apartment Group, L.P. <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 15,000 apartment units in over 55 communities located in 13 states throughout the United States. For additional information, please visit the company’s website at www.madisonapartmentgroup.com</p> <p class="p2"><strong>For additional information on the company, please contact: <br /> </strong> Joseph Nahas, Jr, Senior Vice President, 215-575-2363</p> </body> </html>