Eastham Capital invests in properties sourced and managed by a diverse network of local and regional real estate owners and operators who have established successful track records of acquisition, renovation, management and disposition of distressed real estate assets. We strive to achieve superior-risk adjusted returns for our investors through the revitalization of distressed residential real estate. WE FIX PROPERTIES, NOT NEIGHBORHOODS.™

INVESTING IN THE EASTHAM CAPITAL FUNDS

  • We provide investors with superior risk-adjusted returns through investments in distressed residential real estate.
  • Eastham Capital invests in multifamily communities managed by a diverse network of local and regional real estate owners and operators (manager/developers) that have established successful track records of acquisition, renovation, management and disposition of distressed real estate assets.
  • These investment opportunities should, after a renovation period of 6 to 24 months, produce stable cash flows and be well-positioned for long-term capital gains. Of course, no offerings are implied without the prospectus.

If you are interested in investing in the Eastham Capital Funds, please contact us.

INVESTMENT STRATEGY

We believe that all real estate is local. That philosophy is why Eastham Capital only works with a select group of Manager/Developers who have in-depth knowledge of their local markets. Eastham Capital invests in projects that meet our “Five Guidelines.”

  1. Manager/Developers must be local to the market – They must have significant knowledge and prior experience operating in their local real estate markets. We also look for a proven track record of delivering superior investment results by acquiring, repositioning, managing and selling apartment properties.
  2. Manager/Developers must have “skin in the game” – Eastham Capital requires the M/D to make a significant cash investment into each deal; however, we will provide the majority of the equity.
  3. Manager/Developers must self-manage – Principals must be active in the day-to-day operations and property management (no third party management).
  4. We fix properties, not neighborhoods TM – We target B&C properties in A&B locations.
  5. Post-Renovation, the project should yield at least 10% cash-on-cash – On a pro-forma basis, after a renovation period of 6 to 24 months (dependent on the scope of the rehab), a project should cash flow 10+% per annum on the equity invested.

INVESTMENT CRITERIA

Eastham Capital looks to build long-term relationships with a number of preferred Manager/Developers. If you are a Manager/Developer and you have a project that meets the criteria below, please contact us.

  • Eastham Capital’s typical equity investment ranges from $1,000,000 to $6,000,000 per project.
  • Our target hold period for a project is 3-5 years.
  • Rehab construction budgets vary from $1,000 to $10,000+ per apartment.
  • We look for investment opportunities with a minimum return multiple of 2X of our equity investment from property cash flows and dispositions.
  • We invest in apartment communities in the Continental U.S. with greater than 100 units.
  • We invest in market rate opportunities but look at bond financed and affordable projects as well.

Eastham Capital looks to build long-term multiple-project relationships with a number of preferred M/Ds. If you are an M/D 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 by completing the short form below.

Download Investment Criteria & Strategy Handout
Eastham Capital