BOCA RATON, FL - 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 launched its seventh multifamily investment fund, Eastham Capital Fund VII, LP.
Since 2007, Eastham Capital has transacted on more than $5 billion in multifamily real estate across the United States. “Our 18-year track record spans six private funds that continue to gain Eastham award winning recognition,” said Matthew Rosenthal, founder and managing director of Eastham Capital. In June of 2024, Preqin awarded Eastham Capital “Top Performing Real Estate Fund Manager in America.”
Building upon the success of Eastham Capital’s six prior Funds, this fund will also target income-producing, value-add (C+ to A-) properties in A&B locations throughout the United States. Eastham Capital Fund VII, LP is targeting to raise $500-750 million in equity commitments.
Eastham Capital believes that the climate for multifamily investment hasn’t been this good since 2010. As the Federal Reserve raised the target rate a record 525 basis points from 0.00% to 5.25%, significant rate pressure began negatively affecting multifamily investors. Over $500 billion of multifamily loans are set to mature between 2025 to 2027, of which, over $100 billion are variable rate and will not be able to be refinanced without a significant cash infusion.
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 an ideal environment to purchase properties at discounted pricing and will continue to do so for the next couple of years. We are seeing a notable increase in distressed acquisition opportunities and Eastham Capital Fund VII is being launched in order to take advantage of this situation.
If you are interested to learn more, please contact us at investors@easthamcapital.com and visit our website at www.easthamcapital.com