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A joint venture between Beacon Real Estate Group and EPC Promecap Multifamily Partners V, a fund managed by Eagle Property Capital Investments and Promecap, has acquired Harper Grove, a 264-unit community in Davenport, Fla.

The new ownership paid $58.1 million for the asset and took out a $49 million loan originated by Bridge Investment Group, according to Yardi Matrix data.

OneEleven Residential was the previous owner, the same data provider shows. The firm completed the property in 2023 using funds from a $40 million note from First Horizon Bank.