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Berkadia has arranged $72.75 million of mortgage financing for the 267-unit Vistas at Jackson Creek Apartments in Monument, Colo., about 50 miles south of Denver. Equus Capital Partners acquired the property for $97 million earlier this month through its Equus Investment ...
Equus bought the property through its Equus Investment Partnership Fund XII, which it launched last August with the goal of raising $500 million of equity commitments.
Equus Capital Partners has paid $97 million, or $363,295/unit, for the 267-unit Vistas at Jackson Creek Apartments in Monument, Colo. The Philadelphia investment manager purchased the property from an affiliate of Hearne Construction Inc. of Fort Collins, Colo., which had ...
It funded the acquisition in part with $48.1 million in financing from PGIM Real Estate Finance. The loan was funded under the U.S. Department of Housing and Urban Development's 223(f) program, which guarantees loans against properties that have undergone substantial ...
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