Orlando, Florida (May 21, 2018) – Ryan Smyth has joined 29th Street Capital (29SC) as Vice President of Acquisitions for Florida, with a focus on Central Florida. Smyth is responsible for all facets of the privately-held real estate investment advisory firm’s multifamily acquisitions and asset management strategies in the state. He will target opportunistic and value-add acquisitions with the goal of establishing a strong company presence in the market and add to the company’s existing portfolio, which spans coast to coast.
“I’m extremely excited to be joining 29th Street Capital to continue to grow the company’s presence in the state of Florida,” said Smyth. “Florida is a natural option for expansion, given the state’s explosive population and job growth. It’s an exciting time for the state.”
Prior to joining 29th Street Capital, Smyth was the Associate Director of Acquisitions for Venterra Realty. He was responsible for sourcing, analyzing and negotiating the purchase of multifamily assets in Central Florida. During his time at Venterra, he sourced the acquisitions of The Cobblestone at Eagle Harbor Apartments in Jacksonville and Citrus Run Apartments in Tampa.
Smyth has over 10 years of experience in the real estate industry in many different facets including residential & commercial brokerage, development, finance, construction and property management. From being a top producing real estate broker in West Virginia to successfully entitling development projects in Washington, D.C., Smyth has established a strong track record of success. He holds a Master of Real Estate Development degree from the University of Maryland, graduating at the top of his class, and a Bachelor’s degree in Journalism from West Virginia University.
In addition to sourcing and completing acquisitions, his responsibilities at 29SC include complete oversight of projects, selecting third-party management and overseeing all capital projects, marketing design and dispositions.
Formed in 2009, 29SC is a privately-held real estate investment and advisory firm that employs a value-added investment strategy on properties that are below the radar of institutional peers. 29SC’s current portfolio consists of nearly 10,000 units and it has acquired over 12,000 units across its 14 offices in the U.S. Investments typically require approximately $8 to $35 million of total capital and involve the acquisition or recapitalization of real estate assets, portfolios or platforms.