Eastern Partners, LLC (“Eastern”) is a Dallas-based real estate firm with combined experience in excess of 100 years in various roles including acquisitions, development, fund management, asset management, financing & lending, and dispositions.


Eastern’s principals have been involved in over $1.0 billion of resort, commercial, multifamily and single-family residential developments in major California, Colorado, Georgia, South Carolina, and Texas markets. In addition, Eastern is currently developing luxury condominiums, homes and a hotel & condominium mixed use project.

Deal Sourcing

Eastern’s principals have developed an extensive network of real estate industry contacts in major metropolitan markets extending from Florida to California. These relationships consist of owners, lenders, trustees, receivers, leasing agents and investment sales professionals that have been integral in the over $4.0 billion of deals in which the principals have participated.


The principals of Eastern have been involved in the acquisition of a variety of property types, including single-family lots, office, retail, multifamily, golf/resort and hospitality assets. They have developed sophisticated cash flow models that allow the team to analyze prospective acquisitions under a variety of economic conditions and exit scenarios. Deals have ranged in size from the privatization of a $1.7 billion multifamily REIT to a recent $9 million acquisition of six foreclosed single-family lot development projects in the southeastern U.S.

Debt Structuring

Eastern’s principals possess the expertise and network to identify lenders and negotiate the most favorable terms for their projects. Deals have been financed with life companies, conduit lenders and local banks. Eastern’s principals have significant experience as both borrowers and lenders and are able to utilize that knowledge to structure deals optimally, whether buying distressed notes from lenders or negotiating on their own behalf for acquisition financing.

Asset Management

Eastern has systems in place to ensure optimum asset performance from managing sales leasing, property management, and accounting to human resources.

Investment Targets

  • Developed Single-Family Lots at 70-90% discount to note balance
  • Undeveloped Land at 80-90% discount to note balance
  • Commercial Properties with attractive current yields or significant leaseup potential
  • Underwriting focuses on unleveraged returns with a target IRR of 25%+ and a minimum 2.0x equity multiple
  • 3-5 year target holding periods
  • Emphasis on bank REO and note purchases
  • Resort properties at discounts to development cost