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3/11/26
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Eagle Partners acquired a two-property, 551-unit affordable housing preservation portfolio acquisition in Escondido for $162.5 mil ($295k/unit). The transaction consisted of The Hendrix Apartments and The Hadley Apartments, adjacent communities, north of Hwy 78 and just east of I-15.
The Hendrix Apartments, 1045 Morning View Dr, Escondido |
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The Hadley Apartments are at 439 W El Norte Pkwy, while The Hendrix Apartments are at 1045 Morning View Dr, in a supply-constrained submarket of North San Diego County with strong access to retail, healthcare, and community services. Community amenities include resort-style swimming pools, fitness centers, landscaped common areas, a fenced dog park, and covered parking.
The properties contain 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. 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 mil. The Escondido acquisition represents Eagle’s second preservation transaction and further establishes the firm’s footprint in Southern California.
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