Paradise Properties Acquires Montgomery County, PA Multifamily

NORTH WALES, PA — Paradise Properties has acquired the Madison Hunt Club in Montgomery County, PA, from Equus Capital Partners for $65 million. The 320-unit apartment community is in North Wales, PA, 20 miles north of Philadelphia. At the time of the sale, the community was 96 percent occupied.

“Madison Hunt Club’s convenient and irreplaceable infill location within immediate proximity to such desirable retail amenities as Whole Foods and Trader Joe’s resulted in extraordinary investor interest in this community,” says Greg Curci, vice president of Equus, who was responsible for overseeing the disposition for the firm.