This page separates Lakeshore Capital Partners' current portfolio from Eric Wagner's direct property ownership and selected investments completed before or outside Lakeshore. Prior transactions are presented as individual experience and not as Lakeshore performance.
Current Lakeshore Portfolio
Four properties acquired since launching in 2024, generating stabilized cash flow and active value creation.
The Groves Apts
Location: Brooklyn Park, MN
Units: 120
Acquisition: Aug 2024
Project Cost: $12.0M
Capital Raised: $4.5M
Target IRR: 17.10%
Hold Period: 5 years
Granite City Apts
Location: Brooklyn Center, MN
Units: 72
Acquisition: Apr 2025
Project Cost: $7.2M
Capital Raised: $2.0M
Target IRR: 16.44%
Hold Period: 5 years
BLVD
Location: Brooklyn Center, MN
Units: 58
Acquisition: 2026
Project Cost: $5.6M
Capital Raised: $3.9M
Status: Active Renovation
Hold Period: 5 years
Hanson Court
Location: Crystal, MN
Units: 33
Acquisition: 2026
Project Cost: $3.35M
Capital Raised: $3.9M
Target IRR: 15%+
Hold Period: 5-7 years
Eric Wagner's Direct Property Ownership
Before founding Lakeshore, Eric independently acquired and operated six apartment buildings totaling 55 units in Illinois. His responsibilities included acquisition, financing, leasing, renovations, property operations, and disposition or refinancing decisions.
Selected Prior Partnership Investments
The transactions below represent Eric's individual prior experience and are not historical investments of Lakeshore Capital Partners.
| Photo | Property | Location | Units | Acquisition | Disposition | Purchase Price | Sale Price | Hold Period | IRR | Equity Multiple |
|---|---|---|---|---|---|---|---|---|---|---|
 |
Boxwood Apartments | Monterey Park, IL | 72 | Dec 15, 2020 | Jan 15, 2024 | $5.70M | $7.41M | 3.08 yrs | 20% | 2.06x |
 |
Rockford Apartments | Rockford, IL | 102 | Nov 30, 2020 | Nov 10, 2023 | $1.65M | $3.69M | 2.94 yrs | 20% | 2.50x |
 |
Belvidere Apartments | Belvidere, IL | 92 | Nov 30, 2020 | Oct 10, 2023 | $4.40M | $6.59M | 2.86 yrs | 26% | 2.04x |
 |
Belle Harbor Lofts | Racine, WI | 78 | Dec 18, 2020 | Jun 1, 2023 | $7.02M | $9.39M | 2.45 yrs | 27% | 2.08x |
 |
Brookfield-Azura | Brookfield, WI | 48 | Aug 20, 2019 | Apr 15, 2023 | $21.0M | $25.19M | 3.65 yrs | 38% | 2.02x |
| AGGREGATE | 392 | $39.77M | $52.27M | |||||||
Important Performance Disclosure
The IRR and equity-multiple figures shown for each property represent realized net returns to investors after property-level expenses and sponsor fees. The results have been independently verified. Because Eric's role and invested capital varied by transaction, the page does not present a combined or average return across the five investments.
These transactions reflect Eric Wagner's prior personal investment and operating experience. They are not investments completed by Lakeshore Capital Partners and should not be interpreted as Lakeshore performance. Past performance does not guarantee future results. Real estate investments involve risk, including possible loss of principal.
Ready to Learn More?
Contact us to learn how the founders' experience informs Lakeshore's acquisition and operating process.