Eagle Property Capital Investment, a Miami-based company, has successfully raised over $300 million for its latest multifamily investment vehicle. The company has partnered with Promecap, a private equity firm based in Mexico City, to target income-producing and value-add properties in Florida and Texas. This partnership will allow for the acquisition of approximately $883 million worth of multifamily communities through the EPC Promecap Multifamily Partners V fund.
The fund was launched in November 2021 and focuses on cities with strong fundamentals and significant Hispanic presence that have seen an influx of residents from other states due to limited single-family supply and favorable regulatory/tax environments. Currently, it holds 10 assets in Florida and Texas with plans to add more communities to its portfolio.
Promecap was founded by Fernando Chico Pardo in 1997 and manages over $3.3 billion worth of investments.
