Eastham Capital and Bender Companies Buy Woodland North
The investment firms have acquired a 198-unit residential property located in Coon Rapids.
Updated on Oct. 28, 2026 in Apartments
Live Poll
Do you find it increasingly difficult to secure affordable rental housing in your current area?
Eastham Capital and Bender Companies have successfully acquired the Woodland North apartment community in Coon Rapids, Minnesota. The acquisition marks the 15th joint-venture project for the two firms.
Why it matters
The investment provides the firms with a high-quality asset in a Twin Cities submarket characterized by strong renter demand and limited new housing supply. It aligns with the firms strategy of targeting properties with an attractive basis.
The Woodland North community features units averaging 1,029 square feet, with over 70% of the apartments offering two- or three-bedroom layouts. The average monthly rent currently stands at $1,424.
The players
Eastham Capital
An investment firm based in Miami that focuses on acquiring and improving multi-family real estate properties.
Bender Companies
A real estate investment and management firm that partners with institutional investors to acquire and renovate residential communities.
The details
The property, originally constructed in 1979, was purchased through the Eastham Capital Fund VII, LP. The new owners plan to implement a capital improvement program that includes unit-level upgrades to laundry facilities and appliances.
Timeline
The property was originally constructed in 1979.
The acquisition of the apartment community occurred in October 2026.
Culture Shift
This acquisition capitalizes on the Twin Cities submarket supply constraints, reflecting a broader trend of institutional investors targeting established residential communities. It marks a departure from new development focus, favoring the renovation of older, high-demand assets.
Residents can anticipate upcoming property enhancements, including modern appliance upgrades and the addition of in-unit laundry facilities. These renovations are designed to improve daily living standards within the community.
The takeaway
The acquisition highlights the ongoing demand for established multi-family housing in suburban markets. Prospective tenants should monitor property websites for updates on scheduled unit upgrades and amenity improvements.
Further reading
Learn more about the latest housing trends in the region at the Coon Rapids Apartments section.
Source note: This article includes information reported by MultifamilyBiz.
Live Poll
Do you find it increasingly difficult to secure affordable rental housing in your current area?
