Eagle Real Estate Partners, LLC (EREP), an El Segundo-based multifamily investment firm focused on the Western U.S., said Monday it has entered into a strategic, programmatic GP co-investment partnership with TriPost Capital Partners, LLC, a New York-based multi-strategy real estate private equity firm. Under the partnership, TriPost will commit more than $50 million in GP co-investment capital, supporting EREP’s ability to acquire up to $1.5 billion in multifamily assets across the West Coast and other select markets.
The partnership is designed to accelerate EREP’s acquisition strategy across a diverse range of investment profiles, including fully regulated affordable housing, market-rate affordable conversions and market-rate workforce housing investments.
Shahny Lutfeali, managing partner and co-founder of EREP, said, “We see tremendous opportunity in the long-term fundamentals of attainable housing and this strategic partnership will position us to move decisively on a robust pipeline of opportunities that create value for our investors and meaningful impact for the communities we serve.”
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Developers Jonas Woods and 3-O Real Estate Partners have proposed a $600 million, two-tower project called Ivy Park and The English on a 2.2-acre parcel near McKinney and Webb Avenues along the Katy Trail. The Dallas Morning News reports the project could have both a 30-story hotel and residential tower and a 20-story residential tower...
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Transwestern and NewQuest are advancing an approximately 101-acre mixed-use development in Kyle, Texas, that will bring together retail, hotel and multifamily uses. The duo has formed a joint venture and commenced construction on the retail portion of the development, Kyle Park, marking the next phase of the broader project. Retail will serve as the central aspect...
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Leon Multifamily started construction on Soltra Ironwood, a 343-unit luxury multifamily community in North Phoenix, Arizona. The nearby Taiwan Semiconductor Manufacturing Corporation has committed to a total of $265 billion in Arizona investment across up to 10 fabrication facilities, two advanced packaging plants, and a research and development center — a build-out expected to support...
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