Eagle Property Capital Successfully Disposes of Gateway on 4th in St. Petersburg, Florida
TAMPA, FL (July 2025) – Eagle Property Capital Investments, LLC (“EPC”), a vertically integrated real estate investment manager focused on multifamily communities in the Sun-Belt region of the United States, is pleased to announce the successful disposition of Gateway on 4th, a 304-unit Class B multifamily community located in St. Petersburg, Florida, part of Tampa MSA. This marks the seventh disposition within the EPC Multifamily Partners III (“Fund III”) portfolio and represents another important milestone in EPC’s mission to create lasting value for residents and investors.
Acquired in July 2017, Gateway on 4th exemplifies EPC’s value-add approach. Throughout its ownership, EPC implemented a comprehensive repositioning strategy that included unit interior renovations, upgrades to amenities and common areas, and enhancements to landscaping, lighting, and water and energy efficiency. In addition to these physical improvements, EPC focused on operational excellence by elevating the resident experience and strengthening the property’s competitive position within the local market.
The property holding period included one of the most turbulent chapters in recent memory for the multifamily sector. EPC successfully navigated a global pandemic, significant interest rate volatility, surging insurance costs, and multiple hurricanes that impacted the region. Despite these challenges, the team remained focused on fundamentals: protecting the resident experience and ensuring strong day-to-day performance. As a result, the property consistently outperformed expectations, maintaining high occupancy and minimal concessions, ultimately positioning it for a successful sale and achieving a solid return for investors.
“When we acquired Gateway on 4th, we saw the opportunity not just to improve a property, but to create a stronger, more vibrant community,” said Gerardo Mahuad, Co-Founder and Managing Principal at EPC. “The fact that we were able to enhance resident quality of life, preserve asset performance through adversity, and deliver a strong result for our investors speaks volumes about the dedication and discipline of our team.”
This successful disposition contributes meaningfully toward the overall goals of Fund III, bringing the fund one step closer to full realization while reducing portfolio risk and reaffirming EPC’s ability to deliver strong results across market cycles.
# # #
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, reposition, and management of multifamily apartment properties in Florida and Texas. Since 2011, EPC and its affiliates have acquired 43 multifamily residential properties containing over 10,719 apartment units. To learn more about EPC, visit www.eaglepropertycapital.com