facebook
Traded Co logo
Submit
Daily limit: 0/10

Eastham Capital Sells Veranda Apartments And Stone Ridge Apartments In Texas City For 448 Units

Property Image
SOLD

Texas

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

Eastham Capital Sells Veranda Apartments And Stone Ridge Apartments In Texas City For 448 Units

3700 9th Avenue North & N Hwy 146

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in the transaction is a multifamily property located at 3700 9th Avenue North & 1115 North Highway 146 in Texas City, comprising 448 units. The property was positioned to optimize occupancy and was renovated to enhance its appeal within the market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Assets Sold: Veranda Apartments (200 units) and Stone Ridge Apartments (248 units)
  • Seller: Matthew Rosenthal - Eastham Capital; Mosaic Residential
  • Market: Texas City
  • Occupancy Rate During Hold Period: ~95%
  • Rent Growth During Hold Period: 34–36%
  • Acquisition Year: 2018

Matthew Rosenthal represented Eastham Capital and Mosaic Residential in the transaction. Both companies were responsible for repositioning the communities through renovations and operational improvements, directly contributing to the financial performance during the holding period.

Players

MR
Matthew Rosenthal
5 deals$132.8M volume
SELLER
MR
Mosaic Residential
SELLER

Details

SOLD
IMAGE: Matthew Rosenthal DATE: 02/10/2026 ADDRESS: 3700 9th Avenue North & 1115 North Highway 146 MARKET: Texas City ASSET TYPE: Multifamily ~ UNITS: 448 SELLER: Matthew Rosenthal (@Rosenthal.Matt) - Eastham Capital; Mosaic Residential (@MosaicResidential) NOTE: Eastham Capital sold Veranda Apartments (200 units) and Stone Ridge Apartments (248 units) in Texas City, TX, assets originally acquired in 2018 with Mosaic Residential. Both communities were repositioned through renovations and operational improvements, achieving ~95% occupancy and rent growth of 34–36% during Eastham’s hold period.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00