Apr
10

Equus Acquires Three Raleigh Apartment Complexes

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Equus Capital Partners, Ltd. (Equus) announced today that its affiliates have acquired a three property multifamily portfolio located in Raleigh from a joint venture between Silver Companies and McCann Realty Partners. The communities, known as Laurel Oaks, Laurel Springs and Hunters Glen, total 466 units and were 96 percent occupied at the time of closing. Madison Apartment Group, L.P. (Madison), the multifamily operating arm of Equus, will manage the communities for the firm.

Hunters Glen is the largest of the three properties and is located in the Central Raleigh submarket. The 180 unit garden style community has been renamed Madison Hunters Glen. The property includes a mixture of one and two bedroom apartments with recently upgraded kitchens and bathrooms. Onsite amenities consist of a pool, a dog park, tennis courts and sand volleyball court. The property offers easy access to I-40 and I-440, providing connections to downtown Raleigh and North Carolina State University.

Situated just eight miles away, Laurel Oaks is a 164 unit garden style community that also includes a mixture of one and two bedroom apartments with onsite amenities including a pool, grilling areas and tennis courts. The property is located in the Northwest Raleigh submarket .

Laurel Springs, the smallest property in the portfolio with 122 units, is located 3 miles from Laurel Oaks and offers a mixture of large one and two bedroom apartments with onsite amenities including a pool and grilling areas. The property is located in the North Central Raleigh submarket .

 

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    Categories : Raleigh

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