Los Angeles, Calif. (March 2019) – Jason de Guzman has joined 29th Street Capital as Senior Vice President of Acquisitions for Los Angeles. De Guzman is responsible for all facets of the privately-held real estate investment and advisory firm’s activity in the Southern California market, and will lead all multifamily acquisitions and asset management strategies there.
He has over 15 years of real estate acquisitions, development and management experience across every asset type, primarily in the multifamily sector. De Guzman has been able to create valuable relationships all along the West Coast, enabling him to establish a strong record of success.
“Jason has an exceptional track record and deep experience in multifamily real estate,” said 29th Street Capital Managing Director Robert Bollhoffer. “He has done similar work in his previous roles so he will be able to hit the ground running for our new L.A. office. He is a great addition to our team.”
Prior to joining 29th Street Capital, de Guzman was Vice President of Acquisitions for Neilson Hammer, a real estate family office in Beverly Hills, California. He was responsible for the acquisition and management of all of the firm’s multifamily assets, including repositioning and stabilization. In less than three years, he helped to double the size of the firm’s multifamily portfolio.
Before joining Neilson Hammer, de Guzman was hired by Cardinal Investments, a boutique real estate investment firm in Manhattan Beach, California as Vice President of Acquisitions. From 2008-2015, he was responsible for over 70 successful multifamily real estate transactions in the Los Angeles area.
“I’m excited to leverage 29SC’s strong platform to grow the Los Angeles office,” de Guzman added. “There is a need for higher quality yet still affordable housing in the market and we are prepared to execute our business plan to offer that product.”
He started his career in Boca Raton, Florida, working in commercial leasing and acquisitions for Investments Limited, one of the largest real estate developers and landlords in South Florida. In his time there, de Guzman was instrumental in leasing the firm’s retail, office and industrial holdings, which totaled over 5 million square feet. Additionally, de Guzman played a major role in the acquisition of over $300 million of commercial and multifamily assets in the South Florida area.
De Guzman earned his undergraduate degree in Business Administration with Real Estate emphasis from the University of San Diego. He is also a licensed real estate broker in the State of California.
Formed in 2009, 29th Street Capital is a privately-held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months, 29th Street Capital has also acquired 18 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S.
29SC’s conventional multifamily portfolio currently consists of more than 8,450 units having acquired over 15,000 units across its 15 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.