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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…

29th Street Capital Acquires Durham Apartments

29th Street Capital Acquires Durham Apartments Acquisition is Firm’s First in N.C. Durham, N.C. (June 16, 2015) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, acquired the Seven Oaks Townhomes in Durham, N.C. this month. The new owner plans $1 million worth of renovations for the 272-unit multifamily community. “This is the first of many acquisitions we plan in the Carolinas,” said David Berrien, 29SC’s Vice President of Acquisitions for the Carolinas. “Seven Oaks is…

More Phoenix-Area Apartments Acquired by 29th Street Capital

More Phoenix-Area Apartments Acquired by 29th Street Capital 29SC Closes Four Arizona Multifamily Deals in Four Months Phoenix (April 6, 2015) – 29th Street Capital (29SC) acquired two more multifamily communities in Phoenix, Arizona’s thriving East Valley region in March. The firm acquired Williams Landing Apartments, a 72-unit multifamily community on March 25. Village Green Apartments, a 108-unit multifamily community, entered the portfolio March 31. The firm plans significant upgrades at the communities, which are near major roads that provide…

29th Street Capital Acquires Denver Multifamily Community

29th Street Capital Acquires Denver Multifamily Community Deal is Firm’s Eighth in Eight Months   Denver (March 16, 2015) – 29th Street Capital (29SC) has acquired Asbury Plaza Apartments, a 110-unit rental community located in the southeast submarket of Denver, Colorado.  The multifamily property resides in an infill location central to many of Denver’s employment, retail and entertainment hubs.  It is located immediately east of I-25, within walking or bicycling distance of a pedestrian bridge – scheduled for completion this…