ORLANDO, FL—Philadelphia-based Equus Capital Partners,Ltd. has acquired a three-property multifamily portfolioin Central Florida from affiliates of Oculus Development,LLC and Alex. Brown Realty, Inc.
The acquisition of this three property multifamily portfolio wasmade on behalf of BPG Investment Partnership IX,L.P. (Fund IX), Equus' $310-million private equity fund.No financial terms of the transaction were released.
The communities traded to Equus are the Village at EastLake, the Village at Lake Ned and theVillage at Park Road and total 710 units. Theportfolio was 95% occupied at the time of closing. MadisonApartment Group, L.P., the multifamily operating arm ofEquus, will manage the communities for the new ownership.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
