SAN DIEGO, CA - Eagle Partners, a vertically integrated multifamily investment manager and operator focused on attainable housing, announced the closing of a $162.5-million affordable housing preservation portfolio acquisition of The Hendrix Apartments and The Hadley Apartments ("the Portfolio") located in Escondido, California.
The Portfolio consists of two adjacent communities totaling 551-units of one- and two- bedroom residences serving the senior demographic (55+) in North San Diego County. Through this acquisition, Eagle will implement a long-term affordable preservation strategy while executing a targeted capital improvement program designed to enhance the resident experience.
Eagle partnered with Red Stone Equity Partners, JPMorgan Chase, The California Statewide Communities Development Authority (CSCDA), and Affordable Housing Access to execute on the transaction.
"This transaction represents a meaningful milestone in the continued scaling of our attainable housing platform and speaks to our ability to source institutional quality opportunities on an off-market basis" said Taylor Friend, Managing Partner of Eagle Partners. "We are proud to expand our presence in San Diego County and to work alongside best-in-class partners who share our commitment to long-term affordability, disciplined execution, and community stewardship."
In November 2025, Eagle, Red Stone Equity Partners, and JPMorgan Chase acquired the 350-unit Hills at Hacienda Heights in Los Angeles County for $107 million. The Escondido acquisition represents Eagle's second preservation transaction and further establishes the firm's footprint in Southern California.
Source: Eagle Partners