Eagle Partners, a vertically integrated multifamily investment manager and operator focused on attainable housing, has closed on a $162.5-million affordable housing preservation portfolio acquisition of The Hendrix Apartments and The Hadley Apartments located in Escondido, Calif.
The portfolio consists of two adjacent communities totaling 551-units of one- and two- bedroom residences serving the senior demographic (55-plus) in north San Diego County. Through this acquisition, Eagle will implement a long-term affordable preservation strategy while executing a targeted capital improvement program designed to enhance the resident experience.
Eagle partnered with Red Stone Equity Partners, JPMorgan Chase, The California Statewide Communities Development Authority (CSCDA), and Affordable Housing Access to execute on the transaction.
“This transaction represents a meaningful milestone in the continued scaling of our attainable housing platform and speaks to our abil
