Equus affiliate acquires Metro Philly asset, 230-unit Jacobs Woods Apartments, for $73M ($318k/unit)

4/28/2025

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MHN

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Newmark Group (Nasdaq: NMRK), Equus Capital Partners LTD

An Equus Capital Partners affiliate has acquired Jacobs Woods, a 230-unit luxury apartment community located in Lansdale, Pa., a suburb of Philadelphia. The property was acquired for $73.1 million on behalf of both Equus Investment Partnership XII, L.P., an Equus-sponsored value-add fund, as well as a cadre of strategic co-investors.