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Eastham Capital Fund VI acquires 266-unit Minneapolis metro community
Transactions - JANUARY 24, 2025

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Eastham Capital Fund VI acquires 266-unit Minneapolis metro community

by Denise Moose

Eastham Capital announced the acquisition of a majority ownership interest in Equinox, a 266-unit residential apartment community in St. Anthony, Minn., just north of Minneapolis.

South Florida-based Eastham Capital has invested in the deal through its current fund, Eastham Capital Fund VI, along with operating partner Artisan Capital Group. Eastham has partnered with Artisan on three previous projects. The acquisition price was not disclosed.

Currently at 94.4 percent occupancy with average rents of $1,400 per month, Equinox represents a value-add opportunity in one of the Twin Cities' fastest-growing submarkets.

The acquisition plan includes more than $4 million in renovations, designed to elevate unit interiors with modern finishes, including premium cabinets, countertops, stainless-steel appliances, designer vanities, contemporary hardware, upgraded lighting fixtures, and refined flooring selections.

Built in 1974, Equinox features 151 one-bedroom and

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