The Clairmont Changes Hands, Rebrands as Madison Brookhaven
- Dec 08, 2014
The 288-unit The Clairmont multifamily community in Atlanta was recently picked up by affiliates of Equus Capital Partners, Ltd., the company announced. The property has been renamed Madison Brookhaven, the acquisition was made on behalf of a discretionary fund managed by Equus, BPG Investment Partnership IX, LP commonly referred to as ‘Fund IX’.
Headquartered in Philadelphia, Equus is one of the nation’s leading private equity real estate fund managers, with a portfolio comprising over 24 million square feet of office, retail and industrial space and close to 15,000 apartments in over 55 communities throughout the U.S. It has regional offices in Los Angeles, Chicago, Washington DC, Boston, Atlanta and Raleigh-Durham.
Located in an infill area in Brookhaven, around 5 miles east of Buckhead, the community is just half a mile from the Clairmont Road interchange of Interstate 85. This allows for convenient access to employment centers in Buckhead and Midtown. It is also in close proximity to Emory University and the Centers for Disease Control. The nearly all-brick garden style community features 288 apartments with up to two bedrooms and an amenity package including a clubhouse, fitness center, two pools and a dog park.
Equus plans to invest nearly $3 million over the coming months to improve the property. The list of upgrades includes substantial improvements to the community amenities along with extensive interior upgrades.
Equus’ multifamily operating arm, Madison Apartment Group will manage Madison Brookhaven. The community was approximately 95 percent occupied at the time of closing.
Photo credits: Madison Apartment Group