An affiliate of Equus Capital Partners has acquired Inspira, a 95 percent occupied, 304-unit class A apartment community located in Naples, Fla., for $82.25 million.
The acquisition was made on behalf of Equus Investment Partnership XI, a fully discretionary $387.8 million equity fund managed by Equus. Madison Apartment Group, the multifamily operating arm of Equus, will manage the community.
Inspira is located at the intersection of Rattlesnake Hammock Road and Grand Lely Drive within Lely Resort, a five-square-mile master-planned community which boasts multiple gated communities with three championship golf courses (two public, one private). Inspira is located 15 minutes southeast of downtown Naples and its many shops, restaurants, hotels and beaches.
Built in 2018, Inspira boasts a mix of one-, two- and three-bedroom apartment homes. The average unit size is a generous 1,059 square-feet. Residents access their units via spacious breezeway corridors. There
