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Eagle Partners Buys Hills at Hacienda Heights for $107M
Announced
Real Estate ServicesCaliforniaAdd-on
Deal Overview
Eagle Real Estate Partners, in a co-investment partnership with TriPost Capital Partners, acquired The Hills at Hacienda Heights for $107 million. The property is a 350-unit multifamily complex in Los Angeles County.
Eagle’s strategy focuses on value-add affordable housing conversions and workforce housing. For The Hills at Hacienda Heights, Eagle plans to reconfigure the 1970-built complex for households earning up to 80% of area median income under a long-term affordability agreement.
The partnership also includes a March purchase of the Hendrix and Hadley Apartments, a 551-unit active-adult property in Escondido, for $162.5 million.
Key Details
- Transaction
- Eagle Real Estate Partners acquires The Hills at Hacienda Heights
- Deal Size
- Over $100M
- Reported Value
- $107 million
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