EagleCap June Update 🦅
- Jarom A Pratt
- Aug 26
- 3 min read
May brought serious momentum—policy changes are creating new tailwinds for investors, our pipeline is growing fast, and community interest in our projects is surging. From open house wins in Oregon to underwriting major deals in Texas and Ohio, we're on the move.
Let’s get into the highlights!
Summary
May brought momentum across the board for EagleCap:
Policy Tailwinds: Proposed tax reforms and potential Fannie/Freddie changes could reshape the multifamily investment landscape—offering both opportunities and challenges.
Bigger Pipeline, Bigger Deals: With a new team member focused on deal flow, we’re screening even more multifamily opportunities in Ohio and Texas, some with assumable financing.
Strong Community Engagement: Stoneridge’s open houses brought in over 500 community members and 40 rental applications while renovations at The Avenues are moving steadily toward completion.
Stay tuned—new opportunities are on the horizon.
Market Update
Key Developments Impacting Multifamily Real Estate
1. Potential Reinstatement of 100% Bonus Depreciation
The proposed "One Big Beautiful Bill" includes a provision to reinstate 100% bonus depreciation retroactive to January 2025. This change would allow real estate investors to fully deduct the cost of qualifying assets, such as furniture and HVAC systems, in the year they are placed in service, enhancing cash flow and tax benefits.
2. Proposed Privatization of Fannie Mae and Freddie Mac
President Trump has signaled intentions to privatize mortgage giants Fannie Mae and Freddie Mac, ending their conservatorship since the 2008 financial crisis. While the administration assures continued government guarantees, experts warn that removing federal backing could lead to higher mortgage rates, potentially impacting housing affordability.
3. Texas Multifamily Market Dynamics
While EagleCap is not currently focused on San Antonio, developments in Texas markets are noteworthy. San Antonio's multifamily sector is approaching a positive inflection point, with construction starts at decade lows and rental demand rising. Occupancy rates are expected to rebound as demand catches up with supply, indicating potential opportunities in the broader Texas market.
These developments underscore the importance of staying informed and agile in the evolving real estate landscape.
Investor Opportunities
EagleCap’s pipeline continues to grow, and we’ve added a new team member focused exclusively on deal flow and underwriting. This added capacity is helping us move faster and more effectively as we evaluate opportunities across multiple markets.
New Markets, Bigger Deals: We’ve been underwriting several large multifamily properties in Dallas and Ohio, including a few $10M+, 176-unit, and 324-unit opportunities.
Creative Financing: A few of these properties offer assumable financing at around 4%—an attractive option with current interest rates still hovering between 6% and 7%.
Strategic Screening: With more hands on deck, we’re able to screen faster and focus only on deals that truly align with our investment criteria.
We remain committed to pursuing only the strongest opportunities for investors—not just what’s available. Stay tuned as we work to lock in our next acquisition.
Deal Activity
Stone Ridge (Pendleton 33-Unit)
Our two May open house weekends were a hit—complete with radio ads, hot dogs, games, charity auctions, and furnished model tours drawing strong community interest. (Stoneridge before and after slideshow)
40 new rental applications were submitted, with screening underway. 7 units have been quickly filled so far.
We’ve also enhanced parking lot lighting to improve visibility and curb appeal and placed signage to guide visitors and emergency personnel.
The Avenues (Hermiston 17-Unit)
Renovations are moving forward with two more 2-bedroom units underway, expected to be completed by the month’s end.
Two more units are now leased, and our new property manager is actively filling the remaining vacancies.
We’re prepping the final 7 units to be vacated and renovated this summer, keeping us on track with the project timeline.
Looking Ahead
Thanks for following along with our journey. We’re energized by our progress and excited for what’s ahead. If you’re ready to explore multifamily investing or just want to stay in the loop, let’s connect.
Stay on the lookout for more from EagleCap!
Onward,
The EagleCap Team
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