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MOUNT PROSPECT, IL – Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, has announced the acquisition of The Element, a 509-unit garden-style community in Mount Prospect, a suburb of Chicago, Illinois.

South Florida-based Eastham Capital acquired the community for $75.25 million through its newest fund, Eastham Capital Fund VII, LP, with its trusted operating partner, Bender Companies. To date, Eastham and Bender have co-invested in ten projects, all of which are currently delivering above-proforma returns. “We are excited to announce the first acquisition for Eastham Capital Fund VII.  The Element will be an excellent investment for our fund.  We look forward to making subsequent acquisitions in 2026,” said Matthew Rosenthal, founder and managing partner of Eastham Capital.