PHILADELPHIA, PA—Equus Capital Partners sold a 22-property, value-add multi-housing portfolio totaling 3,426 units in various Pennsylvania locations for $467 million. Holliday Fenoglio Fowler marketed the properties in six sub-portfolios on behalf of Equus.

“We are very pleased that we were able to successfully market and close all 22 properties within a year of launching the first sub-portfolio,” says HFF senior managing director Mark Thomson, who led the team that handled the transaction. “The properties offered diversity of size, ranging from 50 units to 400 units; vintage, ranging from the early 1960s through the mid-2000s; and locations throughout the eastern half of Pennsylvania, from Harrisburg through suburban Philadelphia and into the Lehigh Valley.”

The properties sold in phases to different buyers throughout 2017, with the most recent closing at the end of September. The HFF team, which also included directors Carl Fiebig and Francis Coyne, senior managing director Jose Cruz and executive managing director Matthew Lawton, worked on behalf of the new owners on some the transactions to secure acquisition financing. Property locations include suburban Philadelphia, Lancaster, Harrisburg, Wyomissing, Lehigh Valley and northeastern Pennsylvania.