Tag: Acquisitions

Browsing Tag:Acquisitions

29th Street Capital Acquires 7th Chicago-Area Acquisition

Westmont, Ill. (April 26, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Warwick Apartments, a 32-unit multifamily community in Westmont, IL. 29SC plans to invest approximately $500,000 in capital improvements, including stainless steel appliances, modern paint, countertops, cabinets and bathroom improvements. Exterior projects will include roof repairs, window replacements, paint and modern lighting. “Warwick Apartments presents a great opportunity to expand the reach of our Chicago portfolio,” said Dan Howard, Senior Vice…

29th Street Capital Expands Student Housing Portfolio

San Marcos, Texas (March 16, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired two more student housing communities, The Edge and The Lodge, near Texas State University (TSU) in San Marcos, Texas. The portfolio has a combined 1,249 beds across 431 units. 29SC’s strategy is to invest over $4 million to significantly improve the unit interiors as well as each property’s exterior and amenity package. Interior renovations will include new granite countertops,…

29th Street Capital Acquires Third Louisville-Area Property

Louisville, KY. (March 5, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired The Cloisters Apartments its third acquisition in the Louisville market. The 39-unit multifamily property is located approximately one mile east of downtown Louisville in the Butchertown neighborhood and is minutes away from the proposed site of the future Louisville City Football Club stadium. The Cloisters was once the chapel and convent for the Ursuline Academy of Immaculate Conception, and in…

29th Street Capital Acquires Second Sacramento-Area Property

Rancho Cordova, CA. (January 26, 2018) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Sycamore Square Apartments, a 140-unit multifamily community in Rancho Cordova, California. 29SC plans to implement a $1.2 million capital improvement program to renovate interiors, enhance the exterior and improve the amenities, which will include pool and clubhouse upgrades. Sycamore Square is approximately 10 miles east of downtown Sacramento. “I’m pleased to continue our expansion in Sacramento and execute on…

29th Street Capital Expands to Southern California; Richard Marshall to Source Multifamily Deals

San Diego, Calif. (September 2017) – Richard Marshall has joined 29th Street Capital as Acquisition Director for Southern California. Marshall 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. Marshall has over 14 years of real estate investment, development and asset management experience across a variety of asset types, including multifamily. Prior to joining 29th Street Capital, Marshall…

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…