Equus Announces the sale of Madison Druid Hills in Atlanta, GA

Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, announced today that an affiliate completed the sale of Madison Druid Hills, a 500-unit garden-style multi-family community located in the desirable Druid Hills neighborhood of Atlanta, GA. The sale was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a discretionary equity fund managed by Equus.

David Gutting of Newmark represented Equus in the transaction.

Madison Druid Hills includes a mixture of recently renovated one-, two- and three-bedroom apartments. Amenities on the expansive 49-acre site include an outdoor swimming pool, expansive fitness center, car care center, BBQ grills and picnic area with a fire pit, a dog park, and two tennis courts. Since its acquisition in 2017 Equus completed a multi-million-dollar capital improvement program which included new roofs, exterior paint, clubhouse renovation, the addition of a dog park, green upgrades, including water efficient aerators throughout all units, and other interior unit upgrades.

Madison Druid Hills is located on North Druid Hills Road, just over a mile from Interstate-85 and at the focal point of Atlanta’s four primary economic centers: the Emory/Clifton Corridor, Buckhead, Midtown/Downtown, and Perimeter Center. Madison Druid Hills benefits from quick accessibility to 550,000+ jobs and is within walking distance to Atlanta’s most important new medical developments, Children’s Healthcare of Atlanta and Emory Healthcare’s Executive Park expansion, which have generated over $3 billion in total investments. North Druid Hills Road is dubbed “Atlanta’s New Pill Hill”. The Property is also conveniently located near high quality neighborhood retailers while the high-end regional retail destinations of Lenox Square and Phipps Plaza are located only a 10-minute drive away.

“This was a strategic purchase in a well-located neighborhood with continued upside,” commented Andrew Holloway, Vice President of Equus who oversaw the transaction for the firm. “While our business plan, which included a significant transformation of the physical asset along with substantial improvements to operations, has played out well, the continued growth of this micro-market has also come to fruition. With this disposition, we are extremely pleased by how this asset has performed for our investors.”