$269M JV Forged By Belay Investment, Eagle Property

Law360, Minneapolis (February 23, 2017, 2:18 PM EST) -- Belay Investment Group LLC has entered into a joint venture with Eagle Property Capital Investments LLC to acquire as much as $269 million worth of multifamily properties in Texas and Florida, the firms revealed in a statement Thursday.

Los Angeles-based Belay also said that it has picked up a 49 percent stake in five multifamily properties that Florida-based EPC assembled.

"We are very excited about our venture with EPC to pursue a strategy that so clearly capitalizes on one of the strongest demographic trends in the U.S., the growth of the Hispanic middle class," Barry Chase, a managing principal at Belay,...

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