ECI Group, Inc. (ECI) retained Capstone Partners as financial advisor in connection with the consolidation and financing of 10 multifamily properties.
ECI, an Atlanta-based integrated real estate company, is a premier firm focused on multifamily housing in the Southeast.
Capstone Partners arranged $52 million of preferred equity financing for ECI from AREA Property Partners (AREA) in a transaction with an aggregate value of $208 million.
AREA is a leading international real estate fund manager that has been investing in the United States since 1993 and globally since 1995.
This strategic transaction allows ECI to recapitalize maturing debt and provides liquidity to fund future acquisitions in partnership with AREA.
ECI is truly fortunate to have teamed up with AREA Property Partners. As a result of this partnership, our firm can increase our presence in existing markets and capture immediate market opportunities emerging in the multifamily sector. This transaction was conceived by [Capstone Partners], which identified the potential fit based on their long-standing relationships with both ECI and AREA. As an entrepreneur, it is refreshing to work with a firm that takes the initiative in creating opportunities.
