Multifamily Investing in Washington
Washington: the Tri-Cities, where EagleCap was founded
Washington levies no state income tax, a draw for employers and residents and a tailwind for housing demand.
Washington pairs no state income tax with diversified tech, aerospace, and agricultural economies. EagleCap was founded in the Tri-Cities and buys apartment communities in Houston and Dallas-Fort Worth. It owned Pasco 9 in Pasco from January 2020 and sold it in October 2022.
- No state income tax supports household formation and in-migration.
- EagleCap was founded in the Tri-Cities in 2018 and started investing there.
- EagleCap owned Pasco 9 in Pasco from January 2020 and sold it in October 2022.
- New purchases are in Houston and Dallas-Fort Worth.
Why Washington
Washington has no state income tax and a diversified economy spanning technology, aerospace, healthcare, and agriculture. That mix has supported steady in-migration and household formation: the fundamentals behind rental demand.
Where EagleCap started
EagleCap was founded in the Tri-Cities in 2018 and started investing there. It owned Pasco 9 in Pasco from January 2020 and sold it in October 2022. New purchases are in the Houston and Dallas-Fort Worth metros.
Local Investor FAQ
Where did EagleCap start?
In the Tri-Cities, Washington, where Justin Pratt and his son, Jarom Pratt, founded it in 2018.
Does EagleCap own in Washington?
Not today. EagleCap owned Pasco 9, a 9-unit property in Pasco, from January 2020 and sold it in October 2022. New purchases are in Houston and Dallas-Fort Worth.
Market and geographic information is for educational purposes and is not a recommendation or an offer to sell or solicitation to buy any security. All investments involve risk, including loss of principal.