Eagle Property Capital and Belay Investment Group Announce Disposition of Dallas-Fort Worth Multifamily Asset

Eagle Property Capital Investments, LLC (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Woodchase & Clarendon, a 266-unit apartment community located in Irving, NW of Dallas-Fort Worth, Texas. EPC Multifamily Partners III, LLC (Fund III), a private investment vehicle raised and managed by EPC, acquired the asset in partnership with Belay Investment Group (Belay) in June 2016. It sold for an undisclosed price to Lion Real Estate Group.

Woodchase & Clarendon, located at 4050 & 3800 N. Beltline Road in Irving, was built between 1977 and 1983. EPC’s renovation strategy included upgrading the apartment interiors, existent common areas and amenities, adding new amenities and services as well as employing water and energy conservation programs.

EPC owns 15 multifamily properties in the Dallas-Fort Worth market and remains an active investment and owner-operator in the region.