Orlando, Fla. (September 14, 2023) – 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 focused on the value-add multifamily space and Promecap, S.A. de C.V. (“Promecap”), a leading private equity firm based in Mexico City, acquired Windrift Apartments, a 288-unit apartment community located in Orlando, Florida for an undisclosed amount. Berkadia arranged financing through Fannie Mae.
With this acquisition, EPC expanded its footprint in the Orlando metro area and now owns and manages four properties in this market.
“Orlando has one of the most dynamic economies in the Southeast, fueled by steady in-migration and a fast-paced population growth,” said Gerardo Mahuad, Managing Principal at EPC. “For the past three years, this market has consistently performed as one of the top multifamily markets in the country, which is why it remains a significant market for our investment strategy.”
Built in 1986, Windrift Apartment Homes offers a diverse unit mix from one-bedrooms ranging between 567 and 760 square feet, and two-bedroom apartments ranging from 912 to 1,077 square feet, providing the opportunity to cater to different tenant needs. Amenities include a fitness center, clubhouse with coffee bar, grill and picnic pavilion, playground, swimming pool, sundeck, outdoor kitchen, business center, soccer court, and dog park.
Surrounded by three major highways, the community is remarkably connected to some of the City’s major top-employment cores including Downtown Orlando, Central Florida Research Park, and Orlando International Airport. The property is also close to a diverse selection of retail, dining, and entertainment available at Winter Park, Park Ave, and Lake Baldwin, and is just minutes from Valencia College East Campus and Advent Health East Orlando. The advantageous proximity to thriving employment hubs and entertainment centers further enhances the appeal of the property and its surrounding area, offering convenience and accessibility for residents.
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 40 multifamily residential properties containing over 9,680 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 70 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.