Tag: Acquisition

Browsing Tag:Acquisition

29th Street Capital Acquires Terrace at Fair Oaks Apartments; Property is Firm’s Sixth Sacramento-Area Acquisition

Sacramento, Calif. (May 31, 2019) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Terrace at Fair Oaks Apartments, a 1972 vintage, 76-unit multifamily community located in Carmichael. 29SC plans to invest approximately $11,000 per unit in capital improvements. Interior upgrades include stainless steel appliances, durable flooring, improved cabinets, fresh paint and energy-efficient plumbing fixtures. Exterior renovations will focus on window replacements, parking lot improvements and landscaping upgrades. “We think the Carmichael submarket offers a great living…

29SC Adds Jason de Guzman to Head Acquisitions in Los Angeles

Los Angeles, Calif. (March 2019) – Jason de Guzman has joined 29th Street Capital as Senior Vice President of Acquisitions for Los Angeles. De Guzman 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. He has over 15 years of real estate acquisitions, development and management experience across every asset type, primarily in the multifamily sector. De Guzman…

29th Street Capital Acquires The Dylan Apartments; Community is Firm’s First San Diego County Acquisition

Oceanside, California (January 31, 2019) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired The Dylan Apartments, a 207-unit multifamily community in Oceanside, California. 29SC plans to invest approximately $8,500 per unit in capital improvements, including modern flooring, new cabinet fronts, interior doors, hardware and appliances as needed. Exterior projects will include patio pavers and higher-quality finishes in addition to curing deferred maintenance. “We believe The Dylan is a tremendous opportunity to enter the…

29th Street Capital Acquires Willows at Town Center Apartments; Community is Firm’s Fourth Las Vegas-Area Acquisition

Las Vegas, Nev. (Jan. 28, 2019) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Willows at Town Center Apartments, a 188-unit multifamily community located in Las Vegas, Nevada. 29SC plans to invest over $1.8 million in capital improvements. Interiors will receive stainless steel appliances, quartz countertops, plank flooring and refaced cabinets. All interior units will also be equipped with Nest Thermostats. Exterior improvements will focus on modern paint in addition to enhancing the pool area, fitness…

29th Street Capital Expands Phoenix Area Portfolio; Acquires Argenta Apartments

Mesa, Arizona (Nov. 15, 2018) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Argenta Apartments, a 396-unit multifamily community located in Mesa, Arizona. 29SC plans to invest over $3.2 million in capital improvements. Interiors will receive updated flooring, new black appliances and upgraded fixtures as well as plumbing and lighting packages. Cabinets will also be re-faced. Exterior improvements will focus on landscaping, A/C units and roof repairs. The new owner will add a dog park and…

29th Street Capital Expands Houston Area Portfolio; Acquires Cali Sommerall Apartments

Houston, Texas (Oct. 29, 2018) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Cali Sommerall Apartments, a 368-unit multifamily community located in the Copperfield/Bear Creek submarket of Houston. 29SC plans to invest over $2 million in capital improvements. Apartments will receive new granite countertops, a modern paint scheme, hardware and fixtures. New amenities will include a package locker delivery system, a dog park, fitness equipment and grilling stations. Renovations are planned for the clubhouse, leasing office,…

29th Street Capital Acquires River Blu Apartments; Firm’s Fifth Sacramento Acquisition

Sacramento, Calif. (Sept. 28, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired River Blu Apartments, a 417-unit multifamily community located in the La Riviera submarket of Sacramento. 29SC plans to invest approximately $4.3 million in capital improvements focusing primarily on unit renovations, clubhouse upgrades and amenity enhancements. Kitchens will get stainless steel appliances, vinyl flooring and upgraded cabinets. Bathroom upgrades are expected as well. “The purchase of River Blu Apartments marks our…

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 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…