Equus Capital Partners buys multifamily community in McDonough, Ga., for $63m

Equus Capital Partners has acquired Carmel Vista, a newly built, 99 percent occupied, 228-unit, class A luxury apartment community located in McDonough, Ga., from Vista Realty Partners for $63.25 million.

The acquisition was made on behalf of Equus Investment Partnership XII LP (Fund XII), a targeted $500 million discretionary equity fund managed by Equus,  which opened for investment in August 2021. Madison Apartment Group LP (Madison), the multifamily operating arm of Equus, will manage the community.

Carmel Vista was built earlier this year with each apartment unit featuring direct ground-floor entries; 9-foot ceilings; and luxury interior finishes including gourmet kitchens with stainless steel appliances, granite countertops, plentiful modern shaker-style cabinets and built-in microwaves. Additional features include oversized closets and direct-access garages in select units. The building exteriors are constructed of Hardi siding, Hardi panels and stacked s