About Eddy Capital Group
Eddy Capital Group: Multifamily Real Estate Experts
Eddy Capital Group is a real estate private equity firm specializing in multifamily investment opportunities in the Phoenix, Las Vegas, and California markets. Leveraging local market knowledge and relationships, we identify and execute on attractive, risk-adjusted multifamily investments to deliver strong returns for our investors.
History
Dusty Eddy is the Founder & Managing Principal.
Prior to forming Eddy Capital Group, Dusty established and ran the Southwest multifamily platform for a national investment firm, managing (as GP) the entire cradle-to-grave investment process for 10 years as a Senior Executive. He managed the locally-based platform in Phoenix, AZ leveraging boots-on-the-ground market knowledge. He managed the local acquisition, asset management and construction management relationships to find and execute on attractive risk-adjusted multifamily investment opportunities in the Phoenix, Las Vegas & Southern California markets. Dusty established due diligence, asset management and construction management policies and procedures that were adopted by the firm nationally.
Over the prior 10-years, Dusty acquired 22 value-add and core plus multifamily acquisitions (4,100 units) valued at over $656M in total capitalization while placing $250M in equity. He also acquired two Opportunity Zone development sites set for over 800 units under development. Dusty completed 15 full cycle transactions with an average (gross) IRR of 46.1% (21.0% Unleveraged IRR) and average (gross) equity multiple of 2.4x while providing an average cash yield of 6.9% during their hold periods. Dusty oversaw average annual NOI growth of 9.8% and average annual rent growth (through renovations) of 10.3% (exceeding underwritten projections by 4.4%) on the entire 22 asset portfolio.
Prior experience includes $455M in medical office acquisitions at Healthcare Trust of America and also worked as an asset manager and acquisition associate for retail developers Red Development and the Archon Group (a Goldman Sachs company).
Dusty obtained his MBE from Notre Dame University where he graduated Magna Cum Laude with a degree in Entrepreneurship & Finance. He obtained his BBA from the University of Wisconsin where he graduated with Distinction with a degree in Real Estate & Finance.
Dusty has been invited to participate on numerous industry panels as a multifamily expert and thought leader, including IMN Multifamily, Interface Multifamily & Bisnow Multifamily. He has also been interviewed for market knowledge in multiple publications, including the Phoenix Business Journal. Dusty consults with Apartment Life as a part of their Regional Advisory Council.