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Clifton Park, NY – 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 partnered with Merion Realty Partners, a Pennsylvania-based multifamily owner-operator in the acquisition of Foxrun and North Pointe apartment communities in Clifton Park, a submarket of the state’s capital, Albany, NY.

South Florida-based Eastham Capital has obtained a majority ownership interest in the deal through its current fund, Eastham Capital Fund VI, LP.  Merion Realty, which has co-invested and partnered with Eastham Capital on multiple projects, will oversee the day-to-day management. The total acquisition price for both communities was not disclosed.