About EagleCap
Firm Background
Disciplined Multifamily Investing
EagleCap Legacy Wealth Partners is a multifamily real estate investment firm founded in the Tri-Cities, Washington, in 2018 by Justin Pratt and his son, Jarom Pratt. It buys and improves value-add apartment communities in the Houston and Dallas-Fort Worth metros for accredited investors across the United States. Its team works from Utah and Texas. Justin and Jarom bring backgrounds in nuclear engineering, construction, and business operations, and EagleCap was built on the principle that investors deserve access to institutional-quality real estate with full transparency and integrity.
EagleCap's approach combines disciplined underwriting, data-driven market analysis, and hands-on asset management to create durable cash flow and long-term capital appreciation. The team works closely with a network of brokers, lenders, onsite property managers, and senior advisors to uncover opportunities often overlooked by larger firms, prioritizing fundamentals, strong submarkets, and a margin of safety in every deal.
Above all, EagleCap operates with a relationship-first philosophy, maintaining consistent communication and open reporting with investors. Transparency and alignment of interests are at the core of every EagleCap investment.
CONTACT US* Average annual return (AAR) to investors, after fees, on the properties EagleCap has sold: total return divided by the years each was held, not compounded. Past results do not predict future performance.
Why Multifamily?
Why Invest in Multifamily?
Produces Cash Flow
Multifamily properties generate enough income to cover operations, improvements, and the mortgage. The rest goes to investors.
Forced Appreciation
Decreasing expenses and increasing income directly raise the value of the property. Unlike stocks, you control the levers.
Inflation Protection
Hard assets rise with inflation. Rents increase, property values increase; your cash dollars sitting idle do not.
Tax Benefits
Reduce taxable income through depreciation pass-throughs, cost segregation, and long-term capital gains treatment upon sale.
Leverage IRA or 401(k)
Invest with a Self-Directed IRA or Solo 401(k) to put retirement capital to work in real assets and hedge against stock market volatility.
Lower Risk Profile
People always need somewhere to live. Multifamily is one of the most recession-resilient asset classes in real estate.
Common Questions
FAQs
What kind of properties do you invest in?
We focus on B+ to C+ class multifamily assets in the Houston and Dallas-Fort Worth metros, preferring B class assets in A markets and C+ class assets in B markets. This positions us in the segment of the market most shielded from economic cycles, while still offering meaningful value-add upside.
What is an accredited investor?
To qualify as an accredited investor, a person must demonstrate an annual income of $200,000 (or $300,000 for joint income) for the last two years, with expectation of the same or higher income going forward. A person is also considered accredited if they have a net worth exceeding $1 million, individually or jointly with their spouse, excluding their primary residence.
Who invests with EagleCap?
EagleCap's investors are accredited investors. Write to us to talk about eligibility.
How does EagleCap find its deals?
We find properties through commercial brokers in Houston and Dallas-Fort Worth, direct outreach to owners, and banks' foreclosed inventory. Every property is underwritten before we make an offer.
How do investors earn money in an apartment syndication?
Investors may receive distributions from rental income and a share of the proceeds when a property is sold or refinanced. Nothing is guaranteed and investors can lose money. Each offering's terms and risks are in its private placement documents, which go only to eligible investors.
How are EagleCap deals structured?
Each property is held by a dedicated LLC. As a limited partner, you become a direct shareholder in that LLC, benefiting from cash flow, depreciation pass-throughs, and long-term capital gains upon sale. EagleCap operates under a structured PPM and tiered GP/LP framework for institutional-grade governance and transparency.
The People Behind EagleCap
Our Team
A disciplined team of operators, advisors, and partners united around one goal: protecting capital, improving communities, and delivering returns.
Co-Founder
Justin Pratt
Principal, CEO
EagleCap Legacy Wealth Partners
Co-founder of EagleCap. Holds a BS in Mechanical Engineering from BYU with 12 years at a multibillion-dollar engineering and construction firm as a Nuclear Engineer and certified Nuclear Quality Assurance Professional. Justin's 30+ years in construction, including management of in-house construction company PFE LLC, give EagleCap a strategic edge in the value-add rehab market.
Co-Founder
Jarom Pratt
Principal, CMO
EagleCap Legacy Wealth Partners
Co-founder of EagleCap. Studying Entrepreneurial Management at the BYU Marriott School of Business. Leads EagleCap's marketing, website development, SEO, design, and investor engagement. Works directly with brokers, property managers, and PFE LLC on deal analysis and execution.
Capital Markets
Spencer Dunlop
Senior Advisor
Director, Bridge Debt Capital Markets | Bridge Investment Group
Key capital markets strategist for EagleCap. As Director of Debt Capital Markets at Bridge Investment Group, Spencer places $4–6 billion in debt annually across agencies, banks, debt funds, and preferred equity providers. His lender relationships and structured finance expertise help EagleCap secure optimal, deal-specific capital stacks.
Acquisitions & Dispositions
John Montgomery
Senior Advisor
Director of Acquisitions, Asset Management & Dispositions
Decades of institutional real estate experience. Oversees the sale of $1 billion+ in multifamily assets annually at one of the largest vertically integrated RE investment firms in the U.S. Career spans JPMorgan Chase, U.S. Bank, and founding LANDED, a luxury travel firm. His guidance keeps EagleCap disciplined in underwriting and effective in long-term strategy.
Operations
Dusty Wolf, CPM®
Property Management Partner
Owner & CEO, Centra Partners
CEO and President of Centra Partners, a nationally recognized AMO®-accredited firm with 2M+ sq ft under management across Texas and the Southwest. Over 45 years of property and asset management experience. Dusty and his 100+ person team handle day-to-day management and performance of EagleCap's Texas properties.
Multifamily Brokerage
Mason Fiascone
Senior Advisor
Multifamily Advisor | Multifamily Mason
Multifamily and industrial real estate advisor across the Inland Northwest. Specializes in sourcing off-market opportunities, underwriting deals, guiding due diligence, and aligning institutional and private capital with large multifamily assets. Has sold $120M+ in real estate and evaluated 11,000+ units across 40+ counties.
Texas Markets
Jessica Harrison
Texas Buyer Representative
Broker Associate | Torelli Commercial
Licensed commercial real estate broker in the Dallas/Fort Worth metroplex. Texas A&M graduate with a background spanning multifamily, retail, industrial, and office properties. Began investing personally in 2015 and now brings an owner's mindset to identifying value-add opportunities and guiding investors through commercial real estate.
Legal
Jeffrey S. Rasmussen
Legal Partner
Ray Quinney & Nebeker
EagleCap's legal partner for securities and real estate transactions. Provides counsel on PPM preparation, LLC structuring, and investor documentation to ensure every EagleCap deal is properly governed and compliant.
Legal
Ada Danelo
Legal Partner
Summit Law Group
Partner at Summit Law Group concentrating on real estate and business transactions. A former business owner, Ada advises on corporate and commercial matters and serves as a strategic business partner to EagleCap, providing practical counsel on deals, structures, and operations.
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