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Southern California real estate firm Eagle Partners has acquired a 350-unit multifamilyproperty for $107 million, according to broker Marcus & Millichap. In a Monday news release, Marcus & Millichap said its Institutional Property Advisors division arranged the sale and financing of the Hills at Hacienda Heights complex in the San Gabriel Valley. The seller of

Los Angeles, CA – Eagle Partners today announced the closing of a $107million affordable housing preservation acquisition, The Hills at Hacienda Heights, a 350-unit apartment community in the San Gabriel Valley of Los Angeles. Eagle Partners’ acquisition will create long-term affordability for the community and will enhance the quality of the asset through targeted capital

Eagle Partners has closed on a $107-million affordable housing preservation acquisition, The Hills at Hacienda Heights, a 1970-vintage, 350-unit apartment community in the San Gabriel Valley. A vertically integrated multifamily real estate investor and operator, Eagle Partners partnered with Red Stone Equity Partners, JPMorgan Chase, California Housing Finance Agency (CalHFA) and Affordable Housing Access to execute upon the market-to-affordable conversion.  

The firm will convert all 350 units into affordable housing. Eagle Partners has acquired The Hills of Hacienda, a 350-unit apartment community located in the San Gabriel Valley of Los Angeles. The asset sold for $107 million, and Eagle Partners plans to convert all of the market rate community’s units into affordable housing. The previous

Eagle Partners announced the closing of a $107 million acquisition of The Hills at Hacienda Heights, a 350-unit apartment community located in the San Gabriel Valley region of Los Angeles. The company will convert the market-rate property into longterm affordable housing and invest in improvements intended to enhance residents’ quality of life. The acquisition was