Overview
FIRM OVERVIEW
Eagle Realty Capital Partners, LLC (“ERCP”) is a wholly owned subsidiary of Eagle Realty Group,
LLC (“ERG”), which is the primary real estate investment arm of Western & Southern Financial Group,
Inc. and its affiliates (“W&SFG”). ERCP offers third-party investors (“Co-Investors”) the opportunity to
invest alongside W&SFG in select investments (“Co-Investments”) through pooled investment vehicles
(each a “Pooled Investment Vehicle”) that are managed by ERCP on a non-discretionary basis.
ERCP is registered with the SEC pursuant to Section 203 of the Investment Advisers Act of 1940, as
amended (the “Act”). ERCP was formed in 2016 under the laws of the State of Ohio. Our principal place
of business is located in Cincinnati, Ohio.
Listed below are our principal owners (i.e. those individuals and/or entities controlling 25% or more of
ERCP):
• Western &Southern Mutual Holding Company
• Western & Southern Financial Group, Inc.
• The Western and Southern Life Insurance Company
• Western & Southern Investment Holdings, LLC
• Eagle Realty Group, LLC
ADVISORY SERVICES
ERCP offers third-party Co-Investors the opportunity to co-invest with W&SFG in select Co-
Investments within certain investment strategies. ERCP focuses on equity investments, but may also source
mortgage loan and mezzanine loan investments. Currently, ERCP offers Co-Investment opportunities
within two well-defined investment strategies – a “Multifamily Build/Stabilize/Sell” strategy and a
“Hospitality Build and Hold” strategy. ERCP may offer Co-Investments in other investment strategies in
the future.
In a typical Co-Investment, ERCP or an affiliate will source a ground-up development (e.g.
apartment complex or hotel) with an experienced, unaffiliated development
partner (the “Developer”) and
will form a limited liability company (the “Property Company”) to own the development. The Property
Company is owned by the Developer, Eagle Realty Investments, Inc. (“ERI,” an affiliate of ERCP), and a
Pooled Investment Vehicle formed by ERCP specifically for the subject Co-Investment. The Pooled
Investment Vehicle is typically an Ohio-based limited liability company whose members are W&SFG, ERI
and one or more Co-Investors, with W&SFG-related entities owning at least 50% of the membership
interests or controlling 50% of the voting rights. The development is financed through construction loan
financing, with the Pooled Investment Vehicle, ERI and the Developer providing the required equity to the
Property Company. In exchange for its equity investment, the Pooled Investment Vehicle will typically be
entitled to a preferred return, plus a portion of residual returns in excess of the preferred return. ERI and
the Developer are entitled to similar preferred returns and a portion of residual returns. ERCP provides
investment advisory services to the Pooled Investment Vehicle and earns its fees as such. ERCP does not
provide investment advisory services to Co-Investors, who make their own independent decisions whether
or not to invest in a particular Co-Investment opportunity. Some investments may be offered solely to
W&SFG and not to Co-Investors.
ERCP advises each Pooled Investment Vehicle on a non-discretionary basis. All major decisions
involving the purchase, sale, or refinance of a Co-Investment required written approval of the members of
the pertinent Pooled Investment Vehicle (each a “Member”).
WRAP FEE PROGRAMS
ERCP does not participate in wrap fee programs.
ASSETS UNDER MANAGEMENT
As of December 31, 2023, ERCP had $0 in assets under management.