FOR IMMEDIATE RELEASE

CHICAGO – August 6, 2026 – 29th Street Capital (29SC), a privately held real estate investment firm, announced today that it has acquired Chestnut Heights Townhomes, a 161-unit townhome community located in Olathe, Kansas. The property will be managed by 29th Street Living, the company’s property management platform. 29SC partnered with Basis Investment Group’s BIG Equity Value-Add Fund II for LP equity for the acquisition of the property and a capital improvement program.

Located in Johnson County, Chestnut Heights offers spacious two- and three-bedroom townhome residences averaging approximately 1,300 square feet. The community features attached garages and a variety of resident amenities in one of the Kansas City area's most desirable suburban locations. Convenient access to major employment centers, retail destinations, parks and highly regarded schools continues to support strong demand for the community.

"Chestnut Heights is an excellent addition to our Kansas City portfolio and aligns well with our strategy of acquiring high-quality assets in established suburban markets," said Matt Compton, Vice President of Acquisitions at 29th Street Capital. "The property's differentiated townhome product, spacious floor plans and exceptional Johnson County location made it a natural fit for our long-term investment strategy. We look forward to building on the strong foundation already in place while continuing to enhance the community for residents."

29SC plans to continue investing in the property through a thoughtful capital improvement program focused on enhancing the resident experience while preserving the long-term quality of the community.

The acquisition expands 29SC's Kansas City metro portfolio, allowing its team to leverage established local operations, construction and property management teams throughout the market.

“Having an experienced local team and an established operating presence in the market allows us to provide hands-on oversight from day one,” said Chris Radliff, COO at 29^th Street Living. “Our focus will be on delivering a smooth transition, supporting the onsite team and providing residents with a consistent, high-quality living experience.”

“This investment presents a highly attractive opportunity to continue Basis’s mission of providing affordable, high-quality housing options throughout the nation’s most sought-after submarkets,” said Dale Burnett, Co-founder and Partner of Basis Investment Group’s BIG Equity. “Strong performing markets like Kansas City are often overlooked by national operators. We’re pleased to work with an experienced local sponsor like 29SC to enter an outperforming market we have been diligently targeting.”

About 29th Street

Headquartered in Chicago, 29th Street is a privately held investment management firm focused on multifamily real estate and PropTech. We acquire, develop, renovate, and manage multifamily

communities nationwide, deploying technology to enhance the resident experience and optimize property performance. Backed by more than 15 years of delivering above-market returns across over $5.1 billion in assets, our culture is driven by our Mission, Vision, and Values. The firm’s portfolio spans multiple states and encompasses a diverse range of property types. In addition to our core investment and development expertise, 29th Street Living serves as our dedicated property management business unit, ensuring comprehensive end-to-end services for every property under management. Learn more about 29th Street at 29SC.com.

About Basis Investment Group

Basis Investment Group is a full-service commercial real estate investment platform investing across the capital stack of stabilized, transitional, and development CRE assets throughout the United States. With representation in New York, Chicago, Dallas, D.C., Tampa and Irvine, CA, Basis has successfully closed more than $9.2 billion in transactions across multiple strategies and asset classes focusing across the US middle market.

Basis focuses primarily on investments in the middle market where it has deep relationships. Basis is a registered investment advisor and lender that invests in both debt and equity strategies including fixed-rate senior mortgage loans, bridge loans, mezzanine loans, preferred equity, structured equity, JV equity and CMBS B-piece investments. For more information, please visit www.basisinvgroup.com.

###

Media Contact

Sharie Damm
29th Street Capital | 29th Street Living
sharie.damm@29SCLiving.com