Eastham Capital Fund VII, LP
Investment overview
Eastham Capital is a private equity firm that invests exclusively in multifamily real estate.
Eastham Capital acquires multifamily communities throughout the U.S by allocating capital to a proprietary network of vetted Operating Partners who have proven track records of acquiring, renovating, managing and selling multifamily assets within their local markets. Eastham has an 18 year track record of distributing quarterly cash-flow and generating an Average Net IRR of 23%
Building upon the success of our six prior funds, we are now launching Eastham Capital Fund VII, LP.
*Past and current performance do not guarantee future results.
2007
Year Established
18 Years
Track Record
6
Private Funds
163/103
Investments / Dispositions
36,000+
Apartments Acquired
22,000+
Apartments Sold
$5B
Transaction Volume
23%
Historical Avg. Net IRR
2x
Historical Avg. Net MOIC
*Past and current performance do not guarantee future results.
Eastham invests in suburban garden-style apartment communities throughout the United States
We Target:
100+ unit apartment communities
C+ to A- properties in A&B locations
Average rent: $1275/month
Properties positioned for capital appreciation
Investment Scenarios
Light Value-add
Light rehab typically involved aesthetic upgrades to the properties exterior, landscaping, signage, etc. and interior visual upgrades of the apartment units kitchen/bath remodels, paint, carpets, etc.
Heavy Value-add
Heavy rehab includes more in-depth physical alterations: removal and replacement of roofs and exterior facades, installation of new mechanical and electrical systems, etc.
Distressed Situations
Includes financial distress, extreme physical distress, or ownership/managerial related distress.
In order to bring consistency to our investment process, we have established five rules that drive our business.
Each of these rules help us mitigate risks while improving investment returns.
Local Knowledge
(Our operating partners are local to the market.)
Skin In The Game
(Our operating partners invest transaction-based equity.)
Exceptional Management
(Top-tier property management is critical.)
(We don’t think or speculate like ground-up developers.)
Strong cashflow and 2x return on capital
(We target tax-efficient cashflow and 2x return of capital.)
Timing for multifamily investment hasn’t been this good since 2010.
As the Federal Reserve raised the target rate 525 basis points from 0.00% to 5.25%, significant rate pressure began negatively effecting over-leveraged multifamily investors.
Over $500 billion of multifamily loans are set to mature between 2025 to 2027, of which, over $100 billion are variable rate.
Due to these upcoming loan maturities, distressed owners are beginning to initiate property sales at reduced prices to mitigate the risk of foreclosure. This seller-based distress has created ideal environment to purchase properties at discounted pricing and will continue to do so into 2029.
We’re seeing a notable increase in distressed acquisition opportunities and believe it is the optimal time to launch Eastham Capital Fund VIl in order to take advantage of the upcoming multifamily recovery cycle.
We anticipate Fund VII will acquire 50+ properties and continue to generate top-quartile returns for our investors.
Fund Terms
Fund Size
$500mm to $750mm
Structure
Limited Partnership
Term
10 years
Investment Period
4 Years
Management Fee
1.5%
Preferred Return
8%
Carried Interest
20%
LP Min. Investment
$500,000*
GP & Principal Commitment
Greater than 5%
*Amount subject to the discretion of the General Partner
*Detailed deal terms are outlined in the Private Placement Memorandum
Banking
Fund Admin
Accounting
Legal
If you are interested to learn more, please contact Eric Silverman at eric@easthamcapital.com or click below.
