Eagle Real Estate, TriPost Launch $50M GP Co-Investment to Scale West Coast Multifamily

Eagle Real Estate Partners has entered a strategic, programmatic GP co-investment partnership with TriPost Capital Partners, positioning the firms to expand multifamily investments across the Western United States. 

Under the agreement, TriPost will commit more than $50 million in GP co-investment capital, supporting Eagle Real Estate Partners’ ability to acquire up to approximately $1.5 billion in multifamily assets across the West Coast and select markets. The partnership is designed to accelerate acquisitions across a range of strategies, including regulated affordable housing, market-rate-to-affordable conversions and workforce housing investments spanning value-add and core-plus business plans. 

“We see tremendous opportunity in the long-term fundamentals of attainable housing and this strategic partnership will position us to move decisively on a robust pipeline of opportunities that create value for our investors and meaningful impact for the communities we serve,” said Shahny Lutfeali, managing partner and co-founder of Eagle Real Estate Partners. 

“We are excited to partner with the EREP team through this programmatic GP co-investment to support their continued growth and pursue compelling opportunities across the West Coast multifamily market,” added Brad Carroll, co-founder and managing partner at TriPost Capital Partners. 

The partnership has already executed two anchor transactions. The joint venture acquired Hills at Hacienda Heights, a 350-unit multifamily community in Los Angeles County, for $107 million. It also acquired the Hendrix and Hadley Apartments, a 551-unit portfolio of age-restricted active adult communities sourced off-market, for $162.5 million.