Eagle Property Capital Investments (EPC) and its partner, Belay Investment Group, have announced the disposition of Captiva Club Apartments, a 361-unit apartment community located in Tampa, Fla.
“Tampa–St. Petersburg is a highly desirable multifamily market due to strong rental demand, population and job growth, and stable apartment occupancy,” said Rodrigo Conesa, co-founder and co-principal at Eagle Property Capital. “These solid market fundamentals combined with the execution of our repositioning strategy had a positive impact on the properties’ profitability, leading to a successful disposition. These are the results we aim to achieve for our investors by providing them with exceptional risk-adjusted returns.”
EPC acquired the property in October 2016 and worked with Belay to implement a thorough repositioning strategy that substantially improved the profitability of the property. During the approximately six-year hold period, EPC and Belay invested app
