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Thread: Eastham Capital Funds performance 2019 on

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  1. #1
    Join Date
    Mar 2006
    Location
    Boston, Mass.
    Posts
    4,756

    Default Eastham Capital Funds performance 2019 on

    The level of investment by iTulip members is high, in excess of $20M to date starting with Fund II in 2010 early in the recovery. So far returns have been quite good. Eastham Capital funds have returned more than $24M to iTulip group members to date. Given that fact and the re-start of iTulip to track developments over the next few years, a forum for discussion seems appropriate.

    The theory of their "C properties in B markets" strategy is to invest in multi-family properties that are not the targets of speculative investment at inflated prices, allowing Eastham to get into generally cash-flow negative properties at a good price, fixing them up, making them the best value for tenants for that class of apartment in a geographic region, and making the cash-flow positive. In addition, by owning apartments that offer the best value for tenants in a given geography, occupancy and cash flows will tend to remain high even during economic contractions, as tenants from higher cost apartments will tend to select the better value if the need to downgrade. High-end apartments tend to suffer from lower occupancy during recessions.

    The logic of it is hard to argue with. If there is another recession in our near future this theory of our investment will be put to the test.
    Last edited by EJ; 01-09-19 at 09:25 PM. Reason: JK noted an error

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