Category: Acquisition

29th Street Capital Acquires Twin Trees Apartments; Community is Firm’s First Salt Lake City-Area Acquisition

Layton, Utah (June 29, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Twin Trees Apartments, a 43-unit multifamily community in Layton, Utah. 29SC plans to invest approximately $10,000 per unit in capital improvements, including upgraded countertops, cabinets, floors, appliances, lighting and fixtures. Exterior projects will include better landscaping, new heating and air conditioning units and curb appeal enhancements. The property is situated about 20 miles north of downtown Salt Lake and is…

29th Street Capital Expands Denver Portfolio; Acquires Crestone and Phoenix Apartments

Brighton, Colo. (May 22, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired two multifamily communities in Brighton, Colorado. The portfolio, comprised of 76 units, is situated near Hwy. 85 and several daily conveniences. 29SC plans to invest approximately $1.1 million in capital improvements including vinyl flooring plus new cabinets, countertops, plumbing and light fixtures. Exterior improvements will include a modern paint scheme, extensive landscaping and improved amenities. “Brighton is a short drive…

29th Street Capital Expands into Military Housing; Bryson Clements to Source Military Housing Acquisitions

Chicago, Illinois (May 2018) – Bryson Clements has joined 29th Street Capital’s (29SC) Chicago office as a Senior Vice President of Acquisitions focused on military housing nationwide for seniors, students, disabled veterans and active-duty personnel. “Bryson has a remarkable track record that exemplifies what we look for in new hires,” said 29th Street Capital’s Managing Director Robert Bollhoffer. “He has had a variety of leadership and entrepreneurial roles that involved investments, management and capital markets as well as a host of…

29th Street Capital Acquires 7th Chicago-Area Acquisition

Westmont, Ill. (April 26, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Warwick Apartments, a 32-unit multifamily community in Westmont, IL. 29SC plans to invest approximately $500,000 in capital improvements, including stainless steel appliances, modern paint, countertops, cabinets and bathroom improvements. Exterior projects will include roof repairs, window replacements, paint and modern lighting. “Warwick Apartments presents a great opportunity to expand the reach of our Chicago portfolio,” said Dan Howard, Senior Vice…

29th Street Capital Expands Student Housing Portfolio

San Marcos, Texas (March 16, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired two more student housing communities, The Edge and The Lodge, near Texas State University (TSU) in San Marcos, Texas. The portfolio has a combined 1,249 beds across 431 units. 29SC’s strategy is to invest over $4 million to significantly improve the unit interiors as well as each property’s exterior and amenity package. Interior renovations will include new granite countertops,…

29th Street Capital Acquires Third Louisville-Area Property

Louisville, KY. (March 5, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired The Cloisters Apartments its third acquisition in the Louisville market. The 39-unit multifamily property is located approximately one mile east of downtown Louisville in the Butchertown neighborhood and is minutes away from the proposed site of the future Louisville City Football Club stadium. The Cloisters was once the chapel and convent for the Ursuline Academy of Immaculate Conception, and in…

29th Street Capital Acquires Second Sacramento-Area Property

Rancho Cordova, CA. (January 26, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Sycamore Square Apartments, a 140-unit multifamily community in Rancho Cordova, California. 29SC plans to implement a $1.2 million capital improvement program to renovate interiors, enhance the exterior and improve the amenities, which will include pool and clubhouse upgrades. Sycamore Square is approximately 10 miles east of downtown Sacramento. “I’m pleased to continue our expansion in Sacramento and execute on…

29th Street Capital Acquires Third Las Vegas-Area Property

Las Vegas, Nev. (Jan. 19, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Promenade at Sahara Apartments, a 312-unit multifamily community in Las Vegas, Nevada. 29SC plans to implement a $2.2 million capital improvement program to renovate unit interiors, enhance the property’s exterior and curb appeal and improve the amenity package. “We are excited to add Promenade at Sahara to our expanding Las Vegas portfolio,” said Dusty Eddy, 29SC’s Vice President of…

29th Street Capital Acquires 10th Phoenix-Area Multifamily Property

Tempe, Ariz. (Nov. 28, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Mission Springs Apartments. The multifamily property is 29SC’s 10th in the greater Phoenix area, where it now owns more than 1,000 units. The 306-unit multifamily community, located in the South Tempe submarket, features studios, one- and two-bedroom units. 29SC has allocated approximately $2.2 million for capital improvements including a new dog park. Interior upgrades will include modern energy-saving appliances, updated…

29th Street Capital Expands to Southern California; Richard Marshall to Source Multifamily Deals

San Diego, Calif. (September 2017) – Richard Marshall has joined 29th Street Capital as Acquisition Director for Southern California. Marshall 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. Marshall has over 14 years of real estate investment, development and asset management experience across a variety of asset types, including multifamily. Prior to joining 29th Street Capital, Marshall…