Miami Firm Acquires Three Houston Apartment Complexes Using Green Financing

HOUSTON – (Realty News Report) – Eagle Property Capital, based in Miami, has acquired three multifamily properties in the Houston market.

The portfolio includes the 312-unit Landmark at Barker Cypress, the 192-unit Champions Centre Apartments, and the 246-unit Champions Park Apartments.

Financing for the transactions was arranged by Berkadia professionals Mitch Sinberg, Brad Williamson, and Matthew Robbins through Freddie Mac’s Green Advantage program. That program rewards projects that commit to reducing water and energy use, delivering more favorable loan pricing for owners who invest in efficiency. Eagle Property Capital plans to invest approximately $500,000 in water-saving measures and energy-efficient upgrades across interiors and common areas at all three properties.

Each loan closed as a lower-leverage, fixed-rate mortgage with 10-year terms and an interest-only period for the first five years, providing stability and cash-flow flexibility for the new owner.

“Landmark at Barker Cypress, Champions Park and Champions Centre are high-quality assets with meaningful value-add potential in desirable Houston locations, and they represent a strong addition to our portfolio,” said Gerardo Mahuad, co-founder and managing principal of Eagle Property Capital (EPC).

“EPC has been very active, acquiring more than $463 million in real estate and currently operating its fourth fund. We look forward to continuing to advise the firm and to further strengthen our partnership,” said Brad Williamson of Berkadia.

March 19, 2019 Realty News Report. Copyright 2019.