Eagle Property Capital Investments has partnered with Promecap to launch a new multifamily investment vehicle: EPC Promecap Multifamily Partners V, LLC (Fund V)

Eagle Property Capital Investments, LLC (EPC), a vertically integrated real estate investment manager focused on value-added multi-family space, announces that it has partnered with Promecap, a leading private equity firm based in Mexico City, to launch a new multi-family investment vehicle. EPC Promecap Multifamily Partners V, LLC (Fund V) aims to raise up to $400 million in equity commitments, with an initial closing scheduled for March 2022. The capital raised in Fund V will enable approximately 1.2 billion in the acquisition of value-adding multi-family assets.

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 over $3.3 billion in assets under management.

Similar to previous EPC funds, Fund V will target income-generating and value-added properties (A-, B or C+) in high-growth Sun Belt markets that can be acquired at below replacement cost. and benefit from a full scale repositioning.

“We are delighted to partner with Promecap, one of Mexico’s leading private equity firms, for the launch of EPC’s fifth multi-family fund,” said Gerardo Mahuad, managing director at Eagle Property Capital Investments. “Together, EPC and Promecap are uniquely positioned to create value for investors and for the communities in which we invest.”

“It is a great pleasure for us to partner with an experienced US multi-family sponsor such as EPC,” added Federico Chavez Peón, Managing Partner of Promecap. “EPC’s established footprint in Sunbelt markets, its 10 years of experience delivering above-target returns in the multi-family space, and its operational expertise within predominantly Hispanic communities have all resonated deeply with from our investors, which include both global institutional capital and Mexican family offices.

“The resilience of the U.S. multifamily sector in 2021 has generated tremendous interest from investors around the world,” added Rodrigo Conesa, managing director at Eagle Property Capital Investments. “Like previous EPC funds, Fund V will continue to employ a disciplined approach to identifying value-added multi-family assets in Sunbelt’s high-growth markets where EPC has deep roots and operational expertise.”

“This partnership will give Promecap’s sophisticated investor base immediate access to multifamily investment opportunities in some of the strongest job and rental growth markets in the United States,” added Fernando Pacheco. , managing partner of Promecap.

The launch of Fund V comes approximately nine months after the closing of EPC’s fourth multifamily fund, EPC Multifamily Partners IV (Fund IV), which raised $146 million from LP investors and co-investment vehicles. Fund IV equity was nearly deployed (ie, invested or committed to investments) for the acquisition of more than 2,400 units in 11 multi-family assets in Florida and Texas.

A niche player in the multi-family space, EPC has demonstrated success by catering to the middle-income Hispanic market, the fastest growing demographic in the United States. According to data from the 2020 censusthe Hispanic or Latino population has grown from 50.5 million (16.3% of the US population) in 2010 to 62.1 million (18.7%) in 2020. Fund V will focus its investment strategy on cities high-growth with solid fundamentals and a strong Hispanic presence that has benefited and will continue to benefit from immigration from other states, a limited supply of single-family homes, and favorable regulatory and tax environments.

Since 2011, EPC has launched seven investment vehicles with over $350 million in equity commitments and achieved a transaction volume of $568 million. EPC’s historically successful track record includes delivering above-target returns for investors in four completed investment vehicles.