Eastham Capital has acquired Haven Hoffman Estates, a 550-unit residential apartment community in the Chicago suburb of Hoffman Estates. The private equity real estate firm closed on the $76 million acquisition in January for the property at 725 W. Bode Circle.

South Florida-based Eastham Capital has obtained a majority ownership interest in the deal through its current fund, Eastham Capital Fund VI, LP. Bender Companies, which has co-invested and partnered with Eastham Capital on multiple projects, will oversee the day-to-day management.

The apartment community is currently 96% occupied. The acquisition includes a renovation budget of $6.5 million, which will include interior unit, exterior, and amenity upgrades, along with the aforementioned rebranding of the property.

“We are excited to expand our Chicago portfolio with Hoffman Hills Apartments. This deal is our ninth, and largest, acquisition with Bender Companies. Bender consistently outperforms its projections, and we are thrilled to partner with them once again,” said Matthew Rosenthal, founder and managing partner of Eastham Capital.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!