Equus Capital Partners has made a major investment in Lansdale, acquiring the 230-unit Jacobs Woods apartment complex for $73.1 million, writes Paul Schwedelson for Philadelphia Business Journal.
The Newtown Square-based firm plans to invest another $5.8 million in renovations to the garden-style community, which spans 37 acres and features 33 townhome-style buildings. Each unit comes with direct entry and a private garage — a design Equus says reflects the increasingly popular build-to-rent model.
Located at 100 Jacobs Hall Lane, Jacobs Woods offers a mix of one-, two-, and three-bedroom apartments averaging nearly 1,400 square feet. With just six units per acre, the complex offers a low-density living experience that has become rare in today’s competitive rental market. The community is currently 98% occupied.
Equus acquired the property through its Investment Partnership XII fund and plans to modernize interiors and enhance amenities. The firm cited Jacobs Woods’ location within the highly regarded North Penn School District and easy access to major employers as key draws for renters.
DiLucia Management, which developed the property in 1996, was the seller. Newmark’s Erin Miller represented the transaction.
Jacobs Woods is one of several major multifamily deals in the region this year, as suburban demand remains strong across Montgomery County and beyond.
Read more about Equus Capital Partners’ Lansdale acquisition in the Philadelphia Business Journal.
Editor’s Note: This post was originally published on MONTCO Today in April 2025.
