Woodwind Apartments was acquired by EPC’s third investment fund in 2018
DALLAS (September 25, 2024) – Eagle Property Capital Investments, LLC (“EPC”), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Woodwind Apartments, a 64-unit apartment community located in Irving northwest of Dallas-Fort Worth, Texas. The Property was acquired by EPC Multifamily Partners III, LLC (“Fund III”) in August 2018 and represented the sixth disposition of the fund.
“EPC’s thorough knowledge of the Irving submarket allowed for a seamless implementation of a comprehensive value-add strategy and repositioning program that had a positive impact on the property’s profitability, ultimately exceeding underwriting sale price projections.” said Gerardo Mahuad, Managing Principal at Eagle Property Capital Investments. “The property benefited from operating efficiencies that significantly reduced controllable expenses by being operated together with Woodchase & Clarendon, a neighboring property also owned by an investment vehicle sponsored by EPC.” Mr. Mahuad continued.
Woodwind Apartments, located at 3947 Pleasant Run Road, Irving, Texas was built in 1983. EPC successfully implemented a thorough repositioning strategy that included upgrading the interiors of more than half of the apartment units and implementing new services (e.g., valet trash and reserved parking).
About Eagle Property Capital Investments
Eagle Property Capital Investments is a vertically integrated real estate investment manager pursuing value-add investment strategies through the acquisition, repositioning, and management of multifamily apartment properties in Florida and Texas. Since 2011, EPC and its affiliates have acquired 43 multifamily residential properties containing over 10,600 apartment units. To learn more about EPC, visit www.eaglepropertycapital.com