Updated Jan 19, 2026
Eastham Capital Sells Kensington Crossings Multifamily Property In Houston With 254 Units
14651 Philippine Street
Units
254
Asset Type
MultiFamily
Closing
Jan 6, 2026
About this deal
AI
The sale involved a multifamily asset located at 14651 Philippine Street in Houston, comprising 254 units. The property includes a range of one- to three-bedroom units and offers amenities such as a pool, pet park, and business center. The details of the transaction amount were not disclosed.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 14651 Philippine Street
- Market: Houston
- Units: 254
- Seller: Matthew Rosenthal & Eric Silverman - Eastham Capital
The transaction was executed after Eastham Capital implemented a value-add program since acquiring the property in 2018 alongside Mosaic Residential. The identity of the buyer remains undisclosed.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Houston multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93