DALLAS (June 2025) – Eagle Property Capital Investments, LLC (“EPC”), a vertically integrated real estate investment manager specializing in multifamily communities across the Sun Belt region of the United States, announced the successful disposition of Alena Apartments, a 216-unit Class B multifamily community located at 7050 Arapaho Road in North Dallas, Texas.
Alena Apartments was acquired in January 2020 through EPC Multifamily Partners IV, LLC (“Fund IV”), with and indirect interest acquired by CINUK-EPC PJV, LLC in September 2021. Throughout the holding period, EPC executed a targeted value-add strategy that included comprehensive renovations to unit interiors and enhancements to amenities and common areas. The business plan was completed on schedule and within budgeted capital expenditures.
EPC’s strategic repositioning for Alena drove performance above underwriting targets, with revenues exceeding projections and a timely exit. These results highlight EPC’s disciplined execution and value-creation capabilities.
“Despite navigating unprecedented macroeconomic and operational challenges, including the COVID-19 pandemic, extreme weather events, rising insurance premiums, and interest rate volatility, EPC’s disciplined approach delivered a strong outcome for our investors,” said Rodrigo Conesa, Co-Founder and Managing Principal at EPC. “The successful sale of Alena Apartments reflects the resilience of our investment thesis, our team’s ability to execute business plans through complex environments, and our commitment to delivering attractive, risk-adjusted returns to our investors,” he continued.
This disposition marks the third exit within Fund IV’s ten-property portfolio. Following the sale, Fund IV will continue to hold seven properties across Texas and Florida.
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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