Staff Reports | Business & Commerce
MCR Companies has expanded its investment platform with the creation of a dedicated multifamily division, naming industry veteran Dusty Eddy, MBA, as partner and head of multifamily.
In the newly created role, Mr. Eddy will lead multifamily investment strategy across Phoenix, Las Vegas and Southern California. His responsibilities include sourcing, underwriting and executing multifamily investments, as well as overseeing acquisitions, due diligence, financing, asset management, dispositions and investor relations, according to a press release.
Mr. Eddy will also play a key role in building and scaling MCR Companies’ multifamily investment platform and establishing a regional team focused on the sector.
“Dusty is a proven multifamily investor with a long track record of disciplined execution and value creation in some of the most competitive markets in the country,” Tim Reardon, managing partner at MCR Companies, said.
“His experience building and operating institutional-quality platforms, combined with his local market knowledge in the Southwest, makes him an exceptional addition to our partnership. The formation of MCR’s multifamily division represents an important evolution for our firm, and Dusty’s leadership will be instrumental as we establish and grow this platform.”
Mr. Eddy brings more than 24 years of experience in real estate acquisitions, development and asset management. He founded Eddy Capital in 2024. Prior to that, he served as senior vice president at 29th Street Capital, where he led the firm’s Southwest multifamily platform for more than a decade, acquiring 22 properties totaling more than 3,500 units and completing 15 full-cycle transactions.
Earlier in his career, Mr. Eddy served as an acquisitions manager at Healthcare Trust of America, where he was involved in the acquisition of more than $500 million in medical office buildings. He also held roles as an acquisitions and financial associate with The Sterling Group, a Midwest-based multifamily owner-operator.
Mr. Eddy has spoken at industry conferences including Interface Multifamily, IMN and Bisnow Multifamily, and has appeared on industry podcasts and programs such as The Multifamily Hangout, The Capital Raiser Show, Best Ever Multifamily Syndication Show and Cash Flow Connections Real Estate.
“I’m excited to join an entrepreneurial firm like MCR Companies, which values a local, boots-on-the-ground model that allows for identifying unique opportunities and executing a business plan to support superior returns for our investors,” Mr. Eddy said.
