Equus Capital Partners Acquires 226-Unit Multifamily Community in Geneva

Equus Capital Partners, Ltd. announced that an affiliate has completed the acquisition of Ashford at Geneva, a 226-unit garden-style apartment community located in Geneva, Illinois.

The property was acquired on behalf of a programmatic joint venture between an affiliate of Equus and a U.S.-based public pension plan. Ashford was approximately 97% occupied at the time of acquisition and comprises one- and two-bedroom apartment homes averaging 962 square feet. The property will undergo a capital improvement program focused on apartment interiors, common areas, and select exterior enhancements.

“Ashford at Geneva is a compelling addition to our multifamily portfolio and reflects our continued focus on acquiring well-located communities in high occupancy markets,” commented Eric Auslander, Vice President of Acquisitions. Madison Apartment Group, L.P., the multifamily operating affiliate of Equus, will oversee property management and execution of a planned capital improvement program.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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