Eagle Partners Buys Hills at Hacienda Heights for $107M

Eagle Real Estate Partners, in a co-investment partnership with TriPost Capital Partners, acquired The Hills at Hacienda Heights for $107 million. The property is a 350-unit multifamily complex in Los Angeles County.

Eagle’s strategy focuses on value-add affordable housing conversions and workforce housing. For The Hills at Hacienda Heights, Eagle plans to reconfigure the 1970-built complex for households earning up to 80% of area median income under a long-term affordability agreement.

The partnership also includes a March purchase of the Hendrix and Hadley Apartments, a 551-unit active-adult property in Escondido, for $162.5 million.