Promecap and Eagle Property Capital join forces in North Dallas multifamily haul therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
ORLANDO, FL - Eagle Property Capital Investments, LLC (“EPC”), a vertically integrated real estate investment manager focused on the value-add multifamily space, has acquired two apartment communities in the Orlando Metro area: the 210-unit Pendelton Park Villas and 100-unit Carlyle Court. Both assets were acquired by EPC Multifamily Partners IV, LLC (“Fund IV”), a private investment vehicle raised and managed by EPC. Along with EPC’s acquisition of the Arlington.
Florida investor takes two North Texas apartment communities
Purchase was financed with $55.1 million in funding from Freddie Mac.
The Residences at Northgate apartments are in Irving.(Berkadia )
A Florida-based investor has acquired two Dallas-area rental communities.
Eagle Property Capital of Miami bought the Residences at Northgate in Irving and Arbor Creek apartments in Lewisville.
The purchases were financed with $55.1 million in loans arranged by commercial property firm Berkadia.
The Residences at Northgate is a 320-unit rental community at 4310 W. Northgate Drive in Irving. Arbor Creek is a 280-unit apartment property at 396 E. Southwest Pkwy. in Lewisville.
Berkadia arranged the purchase funding with mortgage provider Freddie Mac.