Eagle Partners tests affordable housing conversion thesis

Los Angeles–based Eagle Real Estate Partners has kicked off a new co‑investment partnership with TriPost Capital Partners with two apartment acquisitions.  In March, Eagle and its institutional partners acquired the Hendrix and Hadley Apartments, a 551‑unit active‑adult property in Escondido, north of San Diego, for $162.5 million from MG Properties, the Multi-Housing News reported. In November, the venture purchased The Hills at Hacienda Heights, a 350‑unit multifamily property in Los Angeles County, for $107 million, also from MG Properties. The Eagle-TriPost partnership aims to acquire up to $1.5 billion in multifamily assets across the West Coast and select U.S. markets. TriPost will contribute […]This article originally appeared on The Real Deal. Click here to read the full story.