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Equus Capital Partners acquires multifamily community in East Naples

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An affiliate of Philadelphia-based Equus Capital Partners Ltd., one of the nation’s leading real estate investment managers, has acquired Inspira, a 95% occupied, 304-unit Class A apartment community located in East Naples for $82,250,000. The five four-story apartment buildings acquired by Equus Investment Partnership XI will be managed by Madison Apartment Group L.P., the multifamily operating arm of Equus. Built in 2018 by Naples-based Stock Development, Inspira is located at the intersection of Rattlesnake Hammock Road and Grand Lely Drive within Lely Resort. Inspira boasts a mix of one-, two- and three-bedroom apartment homes and a 10,000-square-foot, two-story clubhouse. Robert Given, Brad Capas and Neal Victor of Cushman & Wakefield represented the seller, an affiliate of Stock Development.

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