Eastham Capital invests with Operating Partners who meet our “Five Guidelines”
Our Operating Partners must be local to a specific market. Eastham Capital is founded on Matt and Eric’s shared vision that all real estate is local. This philosophy is why Eastham Capital works with a select number of Operating Partners who have in-depth knowledge of their particular markets. We also look for a proven track record of delivering superior investment results by acquiring, renovating, repositioning, managing and selling multifamily properties.
Our Operating Partners must have “skin in the game” — Eastham Capital requires our Operating Partner to make a significant cash investment into each deal; however, we will provide the majority of the equity
Our Operating Partners must self-manage. This includes engagement in day-to-day operations and property management. We do not work with Operating Partners who hire third-party management companies.
Eastham Capital invests in 100+ unit suburban garden-style apartment communities throughout the United States. We target B & C properties in A & B locations. We fix properties, not neighborhoods®.
We target investment opportunities with a minimum return multiple of 2X of our equity investment from cash flows at property stabilization and dispositions
Eastham Capital “The Equity Guys ®” is committed to fostering long-term, productive relationships with multifamily Operating Partners by filling a niche in the capital stack: equity investments in the $5 to $25 million range. We recognize that our partners want to work with equity providers who have the credibility and capital that enables them to “win” deals and negotiate the best terms. At the same time, they also value the freedom to operate independently and manage the day to day operations. At Eastham Capital we’ve mastered the art of being collaborative without getting in our partner’s way. Best of all, success breeds success – we like to partner with an operator early on and stay with them as they (and we) grow.
Eastham Capital looks to build long-term multiple-project relationships with a number of preferred Operating Partners. If you are an Operating Partner who meets our investment criteria with a project that matches our strategy and would like to discuss a potential partnership with Eastham Capital, please contact us.
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