Tag: Tempe

Browsing Tag:Tempe

29th Street Capital Acquires 10th Phoenix-Area Multifamily Property

Tempe, Ariz. (Nov. 28, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Mission Springs Apartments. The multifamily property is 29SC’s 10th in the greater Phoenix area, where it now owns more than 1,000 units. The 306-unit multifamily community, located in the South Tempe submarket, features studios, one- and two-bedroom units. 29SC has allocated approximately $2.2 million for capital improvements including a new dog park. Interior upgrades will include modern energy-saving appliances, updated…

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…