Equus Capital Partners, Ltd., a leading real estate investment management firm, has announced the successful sale of Madison Overland Park in Kansas City. The 200-unit garden-style multi-family community was sold by an affiliate on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a discretionary equity fund managed by Equus.
CBRE’s Jeff Stingley represented the seller in this transaction. Spanning 17.5 acres, Madison Overland Park offers a mix of two- and three-bedroom apartment units designed as townhomes. Since its acquisition in 2019, Equus has invested $2.7 million into capital improvements including unit renovations for water conservation and energy efficiency.
Located within the Johnson County multifamily submarket of Kansas City MSA, Madison Overland Park is situated in a residential neighborhood with easy access to retail centers featuring popular tenants such as Lifetime Fitness, Sprouts Farmers Market and Ulta Beauty among others like REI and First Watch restaurants along with Chipotle Mexican Grill and Noodles & Company outlets.
