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Why this apartment investor is turning from the Sun Belt to the Midwest

Matthew Rosenthal of Eastham Capital sees payoff in suburban Chicago bet
Eastham Capital's multifamily buying spree in the Chicago suburbs included the 270-unit Park Towers complex in Richton Park, Illinois. (Robert Gigliotti/CoStar)
Eastham Capital's multifamily buying spree in the Chicago suburbs included the 270-unit Park Towers complex in Richton Park, Illinois. (Robert Gigliotti/CoStar)
CoStar News
July 7, 2026 | 3:49 P.M.

Eastham Capital launched its first multifamily investment fund in late 2007, right before the Great Recession. But the private-equity real estate firm co-founded by Matthew Rosenthal turned poor timing into opportunity by buying properties out of financial distress in Texas.

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