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Eastham Capital, Bender Cos. Buy Multifamily Community in Metro Chicago for $24.1M
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Eastham Capital, Bender Cos. Buy Multifamily Community in Metro Chicago for $24.1M
GLENDALE HEIGHTS, ILL. — Eastham Capital has acquired The Flats at Gladstone in the Chicago suburb of Glendale Heights with its operating partner Bender Cos. The purchase price was $24.1 million. The 168-unit, garden-style community was 96 percent leased at the time of sale. Rents average $1,690 per month. Built in 1977, The Flats at Gladstone consists of 31 buildings. A renovation plan calls for more than $2.5 million in exterior building impro…
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