Tag: Value-Add

Browsing Tag:Value-Add

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 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…

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 6th Chicago-Area Property

Chicago, Ill. (August 17, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Wooded Isle Apartments – its sixth property in the greater Chicago area. The 75-unit multifamily community, located eight miles south of downtown Chicago in Hyde Park, features studios, one- and two-bedroom units. 29SC has allocated approximately $1 million for capital improvements. Interior upgrades will include granite countertops and stainless steel appliances as well as improved flooring, cabinetry and hardware. Exterior…

29th Street Capital Acquires First Sacramento Multifamily Property

Citrus Heights, Calif. (June 12, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Woodmore Manor Apartments, its first property in the greater Sacramento region. The multifamily community, located 15 miles northeast of downtown Sacramento, features one-, two- and three-bedroom units. 29SC has allocated approximately $1.3 million for capital improvements. Interior upgrades will include granite counter tops, stainless steel appliances, vinyl plank flooring, cabinetry and bathroom fixtures. Exterior renovations will focus on balcony…

29th Street Capital Acquires 5th Chicago-Area Property

Des Plaines, Ill. (June 6, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired its fifth Chicagoland multifamily property and fourth in the northwest suburbs. The 42-unit community is located in Mount Prospect and consists of 18 one- and 24 two-bedroom units. 29SC plans to strategically invest $500,000 in capital improvements. Interior upgrades will focus on kitchens and bathrooms. Exterior improvements include structural repairs to the roof, installing energy-efficient lighting and refinishing the…

29th Street Capital Acquires 16th Bay Area Multifamily Property

San Rafael, Calif. (June 6, 2017) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired 355 Canal Street in San Rafael, California. The 42-unit community consists of one-, two- and three-bedroom units and is located just east of Hwy. 101 and I-580, which provide access to San Francisco and Oakland. 29SC plans to strategically invest $560,000 in capital improvements. Interior upgrades will focus on kitchens, bathrooms and flooring. Exterior renovations will include roof repairs,…