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29th Street Capital Acquires 7th Phoenix-Area Property

Phoenix, Ariz. (January 23, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired The Standard Apartments, a 227-unit multifamily community in Tempe, Arizona. 29SC’s strategy is to invest $1.8 million into renovations to significantly upgrade the interiors and to enhance the exterior of the apartments. This is the seventh acquisition 29SC has made in the Phoenix/East Valley market in the past two years. “The Standard Apartments allows us to grow our presence in…

29th Street Capital Acquires 11th Bay Area Multifamily Property

Concord, Cal. (Jan. 13, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Twin Peaks Apartments in Concord, California. The 39-unit community is located in the East Bay submarket of the San Francisco Bay Area. Twin Peaks is comprised completely of two-bedroom townhome units and neighbors another multifamily property, Tradewinds Apartments, which 29SC acquired in October 2016. 29SC purchased the asset off-market through a prior relationship with the seller. The firm plans approximately…

29th Street Capital Acquires 2nd Florida Property

Jacksonville, Fla. (January 3, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired the Summer Oak Apartments Homes in Jacksonville, Florida. The new owner plans to rebrand the 400-unit riverfront multifamily community as “Pier 5350.” It also plans a $2 million renovation. “We are very happy to close on our second acquisition in Florida and have high expectations for this property and the overall Florida market,” said Bill McConaghy, 29SC’s Vice President of…

29th Street Capital Acquires 2nd Louisville Multifamily Property

Louisville, Ky. (January 3, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Willowbrook Apartment Homes, its second property in Louisville, Kentucky. The 120-unit multifamily community, located seven miles southeast of downtown Louisville in the West Buechel area near I-264 and Bardstown Road, offers a variety of floorplans, including one-, two- and three-bedroom units. “We are excited to close on our second Louisville property in less than three months and are very optimistic…

29th Street Capital Acquires Louisville Apartments

Louisville, Ky. (October 28, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Clifton Ridge Apartments, its first property in Louisville, Kentucky. The multifamily community, located two miles east of downtown Louisville in the fast-growing Clifton Heights neighborhood, is comprised entirely of two-bedroom, one-bathroom units. “We are thrilled to add Clifton Ridge Apartments to our investment portfolio,” said Adam Miller, 29th Street Capital’s Vice President of Acquisitions for the Southeast. “Expanding our footprint…

29th Street Capital Acquires 8th Bay Area Multifamily Property

Concord, Cal. (October 26, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Tradewinds Apartments in Concord, California. The multifamily community is in the East Bay submarket of San Francisco. Tradewinds contains one-, two- and three-bedroom units, offering floorplans and a location that appeals to both families and working professionals. 29SC purchased the asset off-market from the heirs of a family trust.  The firm plans approximately $400,000 worth of renovations, which will include…

29th Street Capital Acquires Seventh Houston Area Multifamily Community

Houston, Tex. (October 4, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Clear Lake Condominiums, a 284-unit multifamily rental community in Webster, Texas. The transaction represents 29SC’s seventh acquisition in the greater Houston market. The firm’s strategy will be to invest approximately $2 million into renovations to upgrade unit interiors, enhance the property exterior and add or update key resident amenities. The firm will rebrand the community as Barringer Square Apartments. The…

29th Street Capital Acquires Fifth Metro Denver Property

Denver, Colo. (September 20, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired The Wesley Apartments, a 105-unit multifamily community in Denver, Colorado. 29SC plans to invest $1 million to significantly renovate the interiors and enhance the exterior. This represents 29SC’s fifth acquisition in the Denver market.  “The acquisition of The Wesley Apartments provides another excellent opportunity to expand 29th Street Capital’s portfolio in the Denver market,” said Jay Neal, 29SC’s Vice President…

29th Street Capital Acquires Des Plaines Apartments

Chicago, Ill. (September 2016) – 29th Street Capital (29SC) a privately-held real estate investment and advisory firm, has acquired its second multifamily property in Des Plaines, Illinois. The property, located one-half mile north of downtown Des Plaines at 175 S. River Road, is comprised completely of one bedroom, one bathroom dwelling units. 29SC plans to invest over $15,000 per unit to renovate unit interiors and remodel the property exterior. “The acquisition of this property on South River Road provides an…

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…