29th Street Capital (29SC) is a privately held real estate investment firm with offices in San Francisco and Chicago. The firm was founded in 2009 to capitalize on the dislocation in the United States real estate markets, and the partners continue to manage the firm as a dynamic and entrepreneurial business. To date, 29SC has acquired over $1 billion of total assets with local acquisition managers in over 14 markets across the U.S. Our “boots on the ground” presence in each target market gives our team the benefit of sourcing off-market deals where we can execute on our value-add/repositioning investment strategy.
As a vertically integrated company, we are able to take a hands-on approach to every aspect of the investment and align our interests with investors. Equity commitments typically range between $3-30 million ($10-100 million in total capital) per deal to avoid competition of institutions. Currently, 29th Street Capital focuses on three asset classes within the domestic real estate market.
Asset Types: Garden-style and mid-rise multifamily apartments, senior housing, and student housing
Asset Class: B+ to C
Location Quality: A to B
Property Size: 20 to 600 units; single asset or portfolio
Property Vintage: 1960s to 2000s
Investment Objective: Acquire investment properties in strong submarkets in need of capital improvement