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Equus sells Montgomery County apartment complex to South Jersey firm for $62.5M
Friedman Realty Group of Gibbsboro, N.J., has acquired the 308-unit property.
![Units at the Madison Willowyck apartment complex in Upper Gwynedd Township, Montgomery County.](https://www.inquirer.com/resizer/5ocfSNhsFyFdVEMCz9J0DxuYpFI=/760x507/smart/filters:format(webp)/arc-anglerfish-arc2-prod-pmn.s3.amazonaws.com/public/FMKHZTBX5VEDZNR4OY4FPLZBEU.jpg)
Camden County-based Friedman Realty Group has acquired the Madison Willowyck apartment complex outside Lansdale in Montgomery County.
Friedman, of Gibbsboro, N.J., paid $62.5 million for the 308-unit property off Sumneytown Pike near Route 363 in Upper Gwynedd Township, seller Equus Capital Partners Ltd. said in a release this week.
At the time of the sale, Madison Willowyck was 96 percent occupied, according to Yardley-based Equus, which acquired the property in 2007 from a division of Swiss financial firm UBS AG.