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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…

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.…