One of the affiliates of Equus Capital Partners, Ltd. has acquired Village Park of Ballwin, a 251-unit multi-family community located in Ballwin, Mo., from Village Green.
The community was about 93 percent occupied at the time of closing. Madison Apartment Group, L.P., the multi-family operating arm of Equus, will manage the community for the firm.
“The transaction provided us with the opportunity to acquire a well-located multi-family community in Ballwin, a desirable suburb of St. Louis,” said Steve Pogarsky, vice president of Equus, in a written statement.
Village Park of Ballwin has been renamed Madison Rockwood. The garden-style community includes a mixture of studio, one- and two-bedroom apartments and three-bedroom townhomes. Onsite amenities include a clubhouse, fitness center, pool and tennis and racquetball courts. Over the coming months, Equus will invest more than $1.4 million to improve the community.
