Chicago, IL – July 8, 2025 – 29th Street Finance proudly announces the successful completion of a $4.5MM preferred equity investment at Milo on Westheimer, a 2015 vintage, 230-unit Class A multifamily property in Houston, TX.

This preferred equity investment is subordinate to a Freddie Mac senior loan secured by the Sponsor, Brem Group. 29th Street Capital looks forward to partnering with Brem on Milo and future investment opportunities.

“This investment is a strong example of how our platform delivers creative capital solutions at scale. Milo on Westheimer is well positioned in a high-demand submarket with strong fundamentals and rent growth potential. Our ability to move quickly and support the property through our in-house management team underscores the strategic value we bring as a preferred equity provider,” said Matt Compton, VP at 29th Street.

Located in the Briar Forest/Ashford submarket of Houston, just minutes from the Energy Corridor and Westchase District. Milo features modern amenities and spacious layouts. Milo on Westheimer offers residents upscale amenities including a resort-style pool, 24-hour fitness studio, clubhouse with coffee bar, business center, and pet-friendly spaces. Apartment interiors feature gourmet kitchens with granite countertops, stainless steel appliances, in-unit washers and dryers, and flexible home office space.



29th Street Finance specializes in preferred equity investments between $3 and $15 million, offering competitive rates and terms tailored to meet the unique needs of our clients in all major markets. Our lending program is designed to support borrowers seeking quick closings with a reliable partner who, as a large owner-operator, knows what it takes to succeed. For further information about 29th Street and its investment opportunities, please visit 29SC.com.

About 29th Street:

Headquarters in Chicago, 29th Street is a privately held investment management firm focused on multifamily real estate and Proptech. We lend to, acquire, develop, renovate, and manage multifamily communities nationwide, deploying our 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. Learn more at 29SC.com.