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Value-add investment in Palatine marks Eastham’s final acquisition for its Fund VI, and the fifth alongside operating partner Artisan Capital

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 Arrowhead Apartments, a 200-unit garden-style community in Palatine, a suburb of Chicago, Illinois.

South Florida-based Eastham Capital acquired the community for $31.5 million through its fund, Eastham Capital Fund VI, LP, with its trusted operating partner, Artisan Capital.  To date, Eastham and Artisan have co-invested in five projects, all of which are currently delivering above-proforma returns.

“We are excited to once again partner with Artisan and expand our footprint in Chicago to Palatine, renowned for its excellent schools, thriving economy and community” said Matthew Rosenthal, founder and managing partner of Eastham Capital.  Arrowhead Apartments marks the final acquisition for Eastham Capital Fund VI, LP.