Equus purchases land next to Lansdale SEPTA Station

Equus Capital Partners recently bought the 6.7-acre parking lot that sits next to Lansdale’s SEPTA Station, with plans to construct a 181 unit, 15,500 square foot multifamily complex.

A subsidiary of Equus, Madison Apartment Group, will manage the property, according to Bis Now Philadelphia. The new complex will include a fitness center, an outdoor pool, and a package delivery room.

Equus’s purchase was made in order to capitalize on a growing trend of transit-oriented development in rural and suburban real estate that is aimed at being less reliant on cars and more reliant on public transportation.