Author: brandlesssupport

29th Street Capital Acquires Student Housing Property at TSU

29th Street Capital Acquires Student Housing Property at TSU San Marcos, Texas (June 30, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired The Villagio Apartments, a 180-unit, 492-bed luxury student housing community near Texas State University (TSU) in San Marcos, Texas. 29SC’s strategy is to invest $2 million to significantly upgrade the apartment interiors, exteriors and already top-tier amenities. “The Villagio represents the first step in the exciting expansion of 29SC’s very…

29th Street Capital Expands Into Orlando

29th Street Capital Expands Into Orlando  Firm Hires Bill McConaghy to Seek Value-Add Apartment Deals in Central, South Florida Orlando, Fla. (June 2016) – Bill McConaghy has joined 29th Street Capital (29SC) as Vice President of Multifamily Acquisitions for Florida. McConaghy is responsible for all facets of the privately-held real estate investment and advisory firm’s multifamily acquisitions and asset management strategies in the state. His first task will include helping 29SC expand into the Orlando market, acquiring value-add apartment communities…

29th Street Capital Acquires Sixth Phoenix/East Valley Property

29th Street Capital Acquires Sixth Phoenix/East Valley Property Phoenix, Ariz. (June 1, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Park Tower Apartments, a 180-unit multifamily community in Chandler, Arizona. 29SC’s strategy is to invest $883,000 into renovations to significantly upgrade the interiors and to enhance the exterior of the apartments. This is the sixth acquisition 29SC has made in the Phoenix/East Valley market in just over one year. “Park Tower Apartments…

29th Street Capital Acquires 5th Property in Phoenix/Scottsdale Area

29th Street Capital Acquires 5th Property in Phoenix/Scottsdale Area Phoenix, Ariz. (April 15, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, in conjunction with Clear Sky Capital, has acquired Ridge View Apartments, a 150-unit apartment complex in Fountain Hills, Arizona. 29SC’s strategy is to invest $810,000 worth of renovations to significantly upgrade the interiors and to enhance the exteriors of the property. “This is the fifth acquisition we have made in the Phoenix Scottsdale…

29th Street Capital Sells 400-unit Property in Iowa City

29th Street Capital Sells 400-unit Property in Iowa City Iowa City, Iowa (April 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has sold Rose Oaks Apartments, a 400-unit apartment complex in Iowa City, Iowa. 29SC acquired the property in February of 2014 after purchasing the existing liens and procuring title to the property through foreclosure. The disposition occurred in March. Rose Oaks is approximately three miles from the University of Iowa, and is situated…

29th Street Capital Acquires League City, Tex. Apartment Portfolio

29th Street Capital Acquires League City, Tex. Apartment Portfolio League City, Tex. (Feb. 23, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired a 314-unit multifamily real estate portfolio in League City, Tex. The two apartment communities are located within 1.5 miles of each other in the Clear Lake submarket of Houston. The deal closed Feb. 19. Crow’s Nest Apartments (176 units) has mostly one- and two-bedroom units and primarily caters to professionals.…

29th Street Capital Acquires 11th East Bay Multifamily Property Deal is Firm’s Fifth Recent Hayward, Cal. Deal

29th Street Capital Acquires 11th East Bay Multifamily Property Deal is Firm’s Fifth Recent Hayward, Cal. Deal Hayward, Cal. (Feb. 1, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Blossom Manor Apartments, a 58-unit multifamily community in the supply-constrained city of Hayward, California. This marks 29SC’s fifth acquisition in Hayward and 11th overall in the East Bay since 2013. 29SC plans to strategically invest $750,000 in capital improvements to significantly upgrade the…

29th Street Capital Acquires Apartments on Houston’s East Side

29th Street Capital Acquires Apartments on Houston’s East Side Pasadena, Tex. (Sept. 30, 2015) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm has acquired Casa Palmas, a 308-unit multifamily community in the southeast Houston suburb of Pasadena, Texas. The transaction closed Sept. 29. 29SC purchased the asset from a Dallas-based investment group on an off-market basis. The asset, built in 1970, is well-maintained and has had extensive capital upgrades over the last 10 years, including…

29th Street Capital Acquires Apartments in Northwest Denver Suburb

29th Street Capital Acquires Apartments in Northwest Denver Suburb Arvada, Colo. (September 24, 2015) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Village West, a 58-unit multifamily community in the sought-after Denver suburb of Arvada, Colorado. 29SC was able to source the acquisition off-market, avoiding the competitive bidding processes common in the Denver multifamily transactions market. 29SC plans to invest approximately $1.1 million (or $19,000 per unit) to improve Village West’s exterior, interiors…

29th Street Capital Acquires East Bay Area Apartments

29th Street Capital Acquires East Bay Area Apartments Concord, Cal. (July 7, 2015) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Rosemont Apartments in Concord, Cal. The new owner plans $450 thousand worth of renovations for the 48-unit multifamily community, which has 47 large self-storage units. “This is the eighth acquisition we have made in the East Bay of San Francisco, with many more exciting projects planned in the near term,” said Casey…