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ECI Group has acquired the 396-unit Ardmore at Flowers community in Clayton, NC, marking its return to the North Carolina market and the first acquisition under its new $350 million partnership with Almanac Realty Investors.
ECI Group is proud to announce its recognition as a SatisFacts Resident Satisfaction & epIQ Top 100 Company Award winner for 2024. This achievement marks ECI’s eighth consecutive year receiving the prestigious award.
The 378-unit highly amenitized apartment community in Houma, Louisiana, was sold to Oakwood Capital after ECI completed Phase 2 and operated the community for more than a decade.
Additionally, ECI Group has also been recognized as a Best Place to Work in Multifamily for Women—underscoring the company’s commitment to creating an inclusive and empowering workplace for all team members.
Peter will lead efforts to expand ECI’s acquisition platform across strategic U.S. markets. His proven expertise in multifamily real estate investments will be instrumental in driving growth as ECI Group continues to further build its portfolio.
ECI announces that Almanac Realty Investors has committed up to $350 million of capital to further ECI’s expansion. The closing of two major capital events is expected to generate more than $3 billion in investment and financing growth over the next three to five years.