Category: Uncategorized

29th Street Capital Expands Denver Portfolio; Acquires The Carson Apartments

Aurora, Colo. (June 14, 2019) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired The Carson Apartments, a 201-unit multifamily community located in Aurora, Colorado. 29SC plans to invest over $1.7 million in capital improvements. Interior upgrades will include updated flooring, cabinetry and countertops, modern gray paint scheme, black appliances and the addition of washer/dryers in two-bedroom units. Exterior renovations will focus on landscaping upgrades, window replacements, exterior paint, signage and rebranding. “The Carson is approximately 100…

29th Street Capital Expands Phoenix-Area Portfolio; Acquires Las Casitas Apartments

Avondale, Arizona (June 12, 2019) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Las Casitas Apartments, a 168-unit multifamily community located in Avondale, Arizona. This will be the firm’s 13th acquisition, for a total of more than 2,500 units, in the Phoenix market. 29SC plans to invest over $2.1 million in capital improvements. Interior upgrades include black appliances, improved lighting, USB ports, refaced cabinets, fresh paint and kitchen backsplashes. Exterior renovations will focus on enhancing the…

29th Street Capital Acquires Cumberland Crossing Apartments; Community is Firm’s Ninth Atlanta-Region Acquisition

Atlanta, Georgia (May 30, 2019) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Cumberland Crossing Apartments, a 1973 vintage, 286-unit multifamily community located in Marietta. 29SC plans to implement a capital program to enhance curb appeal, improve amenities and will be renovating unit interiors. The asset was purchased with an existing Fannie Mae loan which had to be assumed at closing. “We are very excited to add this asset to our portfolio” said Javier Bustillo, Senior…