RICHTON PARK, ILL. — Eastham Capital and Bender Cos. have acquired Park Towers Apartment Homes in Richton Park, 35 miles south of Chicago. This $30.4 million purchase marks Eastham’s third Chicagoland acquisition with Bender since the start of 2026. The co-investors also bought The Element in Mount Prospect and The Flats at Gladstone in Glendale Heights. The companies have, in total, acquired 13 properties through Fund VII.
Park Towers, built in 1974, consists of 270 one- and two-bedroom units and such amenities as a fitness center, business center, on-site laundry facilities, a putting green, outdoor games and a playground. Average monthly rents currently are $1,531. Deploying a value-add strategy, the owners are planning a $2.2 million renovation focused on property infrastructure and exterior upgrades.