Eastham Capital & Mosaic Residential Join Forces for a Major 318-unit Acquisition in Houston

Eastham Capital, a renowned private equity real estate firm, recently embarked on an exciting partnership with Mosaic Residential, a Houston-based multifamily owner-operator. Together, they have set their sights on unlocking the hidden potential of the vibrant Westchase submarket in Houston, Texas. Their latest conquest? None other than the esteemed Sola Westchase, a prestigious residential community boasting 318 spectacular units.

A Thriving Partnership for Expansion in Texas

Eastham Capital, a South Florida-based investment firm, has recently made a strategic move to bolster its presence in Texas. Teaming up with Mosaic, an industry-leading management company, Eastham Capital has invested in a lucrative acquisition in Westchase, a vibrant community offering tremendous growth potential.

The exact acquisition price remains undisclosed, but the excitement and optimism surrounding the deal are palpable. Matthew Rosenthal, the founder and managing director of Eastham Capital, eagerly expressed the firm's enthusiasm for this venture. The Westchase property holds immense appeal, situated in one of the most desirable submarkets in the region. It provides an enticing opportunity for residents to enjoy affordable living in close proximity to thriving business districts and prominent employment centers.

A Modern Oasis in Houston's Thriving Westchase District

Sola Westchase boasts an impressive 95% occupancy rate, serving as a testament to its irresistible charm. With average rents of $1,400 per month, residents enjoy the pinnacle of luxury living. The previous owners spared no expense when upgrading the interiors of all 318 units, equipping them with exquisite granite countertops, state-of-the-art stainless steel appliances, spacious full-sized washers and dryers, and elegant 9-foot ceilings. But the enhancements don't stop there - the magnificent amenities package includes a sparking swimming pool and soothing heated spa, a sun deck complete with comfortable lounge seating, a delightful outdoor BBQ pavilion, a fully-equipped fitness center, a welcoming clubhouse lounge with a modern kitchen, and a convenient business center. However, the story continues as Mosaic embarks on a journey to further revitalize both the units and common areas, bestowing a contemporary touch upon this already exceptional community.

Conveniently situated at 3354 Rogerdale Rd., Sola Westchase stands proudly since its construction in 1999. This gem houses an array of one-, two-, and three-bedroom units, ranging from 626 to 1,436 square feet, catering to the diverse needs of its esteemed residents. Nestled within Houston's prime business districts like Westchase, Memorial City, and the Energy Corridor, this property stands at the heart of economic opportunities. Leading companies such as Microsoft, Amazon, Honeywell, Shell, Citgo, Phillips 66, Quest Diagnostics, and Sysco thrive nearby, further enhancing the appeal of Sola Westchase. The expanse of shopping, dining, and entertainment options adds a touch of vibrancy to the community, and with the strategic positioning near both the Sam Houston Tollway and Westpark Tollway, unparalleled convenience reigns supreme.