The Retreat at Windermere added to EPC Promecap Multifamily Partners V, LLC (“Fund V”) Portfolio
Orlando, Fl. (October 28, 2024) – EPC Promecap Multifamily Partners V, LLC, a private investment vehicle co-managed by Eagle Property Capital Investments, LLC (“EPC”), a vertically integrated real estate investment manager specializing in value-add multifamily assets and Promecap, S.A. de C.V. (“Promecap”), a leading private equity firm based in Mexico City, is pleased to announce the acquisition of The Retreat at Windermere, a 332-unit, core-plus multifamily community built in 2013 in the highly sought-after Windermere submarket of Orlando, Florida. This addition marks the 11th property in Fund V’s portfolio and brings EPC’s total Orlando metro area holdings to four properties, comprising 1,362 apartment units.
Situated in the upscale Windermere area —a premier Class A location within the Orlando Metropolitan Statistical Area— The Retreat at Windermere is celebrated for its affluent neighborhoods, exclusivity, and proximity to major attractions, retail, office, and health services. The property provides convenient access to key employment centers, including Downtown Orlando and Walt Disney World.
“The acquisition of The Retreat at Windermere presents an exciting opportunity to restore the asset to core status through a focused value-enhancement strategy,” said Gerardo Mahuad, Managing Principal at Eagle Property Capital. “The property’s prime location, combined with its original unit interiors, offers significant potential for repositioning to align with submarket leaders and to generate additional revenue streams, all aimed at delivering strong returns for our investors,” he added.
“With a combination of population growth, job creation, and overall economic expansion, Orlando’s metro area remains a magnet for new residents and has demonstrated to be an exceptional multifamily market”, added Federico Chavez Peón, Managing Partner at Promecap. “We are excited to expand our footprint in one of the strongest markets in the United States,” he added.
Located at 5820 Nature View Dr., Windermere, Florida, The Retreat at Windermere spans 15 three-story buildings and offers spacious one-, two-, and three-bedroom units. The planned restore-to-core strategy includes extensive exterior, interior, and amenity upgrades. Key elements of the strategy involve:
- Rebranding the Property as “Talcott at Windermere” to elevate its image and align with the luxury standards of new construction communities in the area.
- Exterior Renovations including fresh paint, façade enhancements, and addressing deferred maintenance items.
- Amenity Upgrades to modernize the clubhouse, business center, pool area, and gym, enhancing the overall resident experience.
With this acquisition, EPC and Promecap continue to deliver on their mission to create value in highly desirable markets, positioning The Retreat at Windermere to meet the evolving needs of Orlando’s rental community and to provide attractive risk-adjusted returns for Fund V investors.
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About Eagle Property Capital
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 42 multifamily residential properties containing over 10,400 apartment units. To learn more about EPC, visit www.eaglepropertycapital.com
About Promecap
Founded by Fernando Chico Pardo in 1997, Promecap is an institutional private equity firm based in Mexico City. To date, Promecap directly and through its private equity platform has completed over 90 investments and has more than US$3.3 billion in assets under management. Promecap is composed of a diverse team of seasoned investors with strong track record in multiple asset classes including structured debt, distressed assets, preferred equity and common equity through both private and public investments.