29th Street Capital Expands into Senior Housing; Erik Kolacinski to Source Deals Nationally

Atlanta, GA. (July 9, 2018) – Erik Kolacinski has joined 29th Street Capital as the Senior Vice President of Senior Housing. Kolacinski will be responsible for all facets of the privately-held real estate investment and advisory firm’s activity within the senior housing sector, focusing on acquisitions and asset management across the country.

“With a significant background in healthcare management and operations, we are excited that Erik is becoming part of our team and implementing our value-add strategy on senior housing assets,” said Robb Bollhoffer, Managing Principal of 29SC.

Kolacinski has over 22 years of experience in senior housing and post-acute healthcare services. During his most recent position as Senior Vice President at US CareNet Inc., Kolacinski lead multiple teams delivering a wide range of senior living services. This included chronic and transitional care management, care navigation, health and wellness clinics, outpatient rehabilitation and private home care. He has also served as managing principal of Pinnacle Rehab Solutions and held a senior leadership position at CareSouth Health System Inc.

“As the Baby Boomer Generation ages, the demographics for senior housing are very optimistic,” Kolacinski stated. “Leveraging 29th Street’s national platform provides me with the credibility needed to compete in today’s marketplace as well as the team needed to implement a value-add strategy offering residents premier, but affordable solutions of care.”

In addition to sourcing and completing acquisitions, his responsibilities will involve overseeing third-party management selection, supervising all capital projects, making marketing and design decisions, and working toward eventual dispositions.

Kolacinski obtained a bachelor’s degree in History and a minor in Economics from the University of Illinois, Chicago.

Formed in 2009, 29SC is a privately-held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that fall below the radar of institutional peers. 29SC’s multifamily portfolio consists of over 7,600 units and it has acquired over 12,000 units across its 14 offices in the U.S. Investments typically require approximately $10 to $100 million of total capital and involve the acquisition or recapitalization of real estate assets, portfolios or platforms.

Related Posts