by Steve Lubetkin, Globest.com
Equus Capital Partners sold its 308-unit apartment community, Madison Willowyck, in suburban Philadelphia, PA, to Gibbsboro, NJ-based Friedman Realty Group for $62.5 million. At the time of the sale, the community was 96-percent occupied. Built in 1972, the garden style apartment community offers residents a mix of one-, two-, and three-bedroom units with private entrances in a low-density setting. An affiliate of Equus acquired Madison Willowyck in 2007 from UBS.
www.omegare.com
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