Read Full Article: Click Here

The property will undergo $1.9 million in renovations.

Eastham Capital has acquired The Colonial, a 258-unit residential apartment community located in Omaha, Neb. The new owners purchased the community for $19.1 million.

The new buyer’s majority ownership stake in the property was bought through Eastham Capital Fund VI, LP, their latest investment vehicle. According to PitchBook, the fund closed on $400 million in total commitments in 2021.