Eagle Property Capital Investments (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Woodchase & Clarendon, a 266-unit apartment community located in Irving, Texas, northwest of Dallas-Fort Worth.
It sold for an undisclosed price to Lion Real Estate Group.
EPC Multifamily Partners III (fund III), a private investment vehicle raised and managed by EPC, acquired the asset in partnership with Belay Investment Group in June 2016.
“The repositioning strategy that we implemented had a direct and positive impact on the property’s profitability, which allowed us to realize a significant capital gain on the investment through its disposition,” said Gerardo Mahuad, a managing principal at Eagle Property Capital. “Although current market conditions pose challenges, the disposition of this asset demonstrates the success and effectiveness of our value-add strategy and capital imp
