Matthew Rosenthal Of Eastham Capital Acquires Multifamily Haven Hoffman Estates For $76 Million

The property involved in this transaction is a multifamily asset located at 725 West Bode Circle in Hoffman Estates. The sale price for the 550-unit complex, known as Haven Hoffman Estates, was $76 million, translating to a price per unit of $138,182. The complex is currently 96% occupied and will undergo a $6.5 million renovation to be renamed Hoffman Hills Apartments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $76,000,000
• Units: 550
• Price Per Unit: $138,182
• Address: 725 West Bode Circle
• Market: Hoffman Estates

Matthew Rosenthal represented the buyer, Eastham Capital, in this transaction. Bender Cos., based in Chicago, will manage the property as Eastham continues to expand its presence in the Chicagoland market, having invested over $50 million in 2024.