EPC Promecap Multifamily Partners V raises an initial $140m

Eagle Property Capital Investments and partner Promecap have completed an initial closing of the EPC Promecap Multifamily Partners V, a vehicle focused on income-producing, value-add multifamily properties in high-growth Sun Belt markets.

The fund raised $140 million in equity commitments against its $100 million target from a range of institutional, high-net-worth investors and family offices, both domestic and international.

The fund began investing during fourth quarter 2021 and expects to hold its final close in third quarter 2023.

“We’re extremely pleased with the early success of our fundraising efforts,” said Gerardo Mahuad, managing principal at Eagle Property Capital Investments. “As rising interest rates and inflation present headwinds in 2022, we remain committed to generating superior risk-adjusted returns for investors through a disciplined and selective investment approach.”

EPC Promecap Multifamily Partners V has been seeded with