About EagleCap Legacy Wealth Partners
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.
Our focus is simple: acquire and operate well-located multifamily assets while prioritizing capital preservation and durable cash flow for our investors.
This is our story: where we started, how we operate, and where we’re headed.
Table of Contents
- Who We Are
- How EagleCap Got Its Start
- Our Roots in PNW Real Estate
- Scaling Into Multifamily Investing
- Why We Buy in Houston and Dallas-Fort Worth
- Our Investment Philosophy
- The Trusted Legacy Wealth System
- Experience, Infrastructure, and Network
- Where EagleCap Is Headed
Who We Are
EagleCap Legacy Wealth Partners was founded by Justin and Jarom Pratt, a father-and-son team with backgrounds in nuclear engineering, construction, and business operations. Today, EagleCap operates as a private multifamily investment firm focused on value-add apartment communities in the Houston and Dallas-Fort Worth metros.
As of November 3, 2026, EagleCap has:
- $25MM of real estate invested
- 394 multifamily units invested
- 35 active investors
- 24 single-family and small multifamily projects
- A track record of 8 Years (since 2018)
- Two full-cycle sales: Pasco 9 (sold 2022) and Umatilla 11 (sold 2023)
- A 20%+ realized average annual return to investors on sold properties, after fees (past results do not predict future performance)
How EagleCap Got Its Start
EagleCap didn’t begin as a fund; it began on job sites.
In 2018, Justin Pratt was working as a nuclear engineer at the Hanford Nuclear Waste Treatment Plant while flipping homes on the side. As projects expanded, his son Jarom joined him, working after school and on weekends throughout high school, learning construction, project management, and renovations firsthand.
By age 16, Jarom completed his first home flip, setting the foundation for what would later become EagleCap’s hands-on, execution-first culture.
Justin eventually left engineering to pursue real estate full-time, and EagleCap began transitioning from single-family projects into multifamily real estate syndications.
Our Roots in PNW Real Estate
EagleCap’s early portfolio was built entirely in PNW real estate, with acquisitions across Washington and Oregon. These included:
- Duplexes and fourplexes
- Small multifamily value-add projects
- Heavy renovation assets requiring hands-on execution
One of EagleCap’s most notable early projects was the acquisition and full-gut conversion of a retired U.S. Forestry Service building into a 33-unit apartment community in Pendleton, Oregon. This was a complex adaptive reuse project that required deep construction oversight and operational discipline.
Additional projects included Pasco 9 (sold 2022), Umatilla 11 (sold 2023) and Hermiston 17 (owned), all of which refined EagleCap’s underwriting standards and renovation playbooks.
Scaling Into Multifamily Investing
As EagleCap matured, so did its investment strategy.
What began with 1 to 4 unit properties expanded into larger multifamily assets with institutional-grade real estate syndication governance structures, including:
- Structured PPMs
- Tiered GP/LP frameworks
- Professional asset and property management
Why We Buy in Houston and Dallas-Fort Worth
EagleCap was founded in the Pacific Northwest and started investing there. Today, EagleCap buys in the Houston and Dallas-Fort Worth metros.
Texas offers:
- Strong population and employment growth
- Landlord-friendly regulations
- Business-friendly policies
- A thriving economy
- Booming multifamily rental demand
To support out-of-state ownership, EagleCap intentionally partnered with Centra Partners, an AMO®-accredited property management firm with over 40 years of Texas multifamily operating experience and more than 11,000 units under management.
Our Houston and Dallas-Fort Worth strategy is supported by on-the-ground operators, local brokers, and agency-aligned property management teams with decades of market-specific experience.
Our Investment Philosophy
EagleCap’s investment philosophy is intentionally conservative:
- Protect investor capital first
- Seek upside second
- Never force a deal
Multifamily investing is a long-term business. Our goal is to execute across full market cycles, not chase short-term projections.
The Trusted Legacy Wealth System
Every EagleCap acquisition must pass our Trusted Legacy Wealth System, a structured process designed to eliminate weak deals early.
This system includes:
- Professional screening of hundreds of opportunities
- Multiple rounds of underwriting
- Conservative rent and expense assumptions
- Stress testing across interest rates and exit caps
In practice, EagleCap reviews thousands of deals annually and underwrites hundreds before moving forward on a single acquisition.
Experience, Infrastructure, and Network
EagleCap’s leadership and advisory network represents 100+ years of combined real estate experience, including:
- In-house construction oversight through PFE LLC
- Institutional debt and capital markets advisors
- Senior multifamily operators with agency loan experience
- Legal partners specializing in PPMs and multifamily financing
This depth allows EagleCap to meet, and often exceed, lender and investor expectations across acquisition, renovation, and long-term operations.
Where EagleCap Is Headed
EagleCap Legacy Wealth Partners continues to focus on acquiring and operating value-add multifamily communities in strong submarkets of the Houston and Dallas-Fort Worth metros, while maintaining the discipline that defined our early PNW real estate projects.
We believe real estate investing should be built on alignment, transparency, and execution.
To learn more about EagleCap, write to us or book a call.
You can also read how to use retirement funds to invest in real estate.