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29th Street Capital and Willton Management Acquires Three Multifamily Communities in PG County, Maryland

FOR IMMEDIATE RELEASE


UPDATED February 20, 2026


CHICAGO – 29th Street Capital (29SC), a vertically integrated multifamily investment firm, announced today the acquisition of a three-community, Class A multifamily portfolio totaling 1,225 units in Prince George’s County, Maryland, collectively known as the Apollo portfolio.


The Apollo portfolio includes Ascend Apollo in Largo and Allure Apollo and Aspire Apollo in Camp Springs. The three mid-rise communities are located adjacent to the Largo Town Center and Branch Avenue Metro stations, providing direct rail access to downtown Washington, D.C., and connectivity to major employment centers throughout the region.


Built between 2015 and 2019, the communities feature modern unit finishes, off-street parking, and a comprehensive amenity offering, including fitness centers, clubhouses, and resident gathering spaces. The portfolio offers a mix of studio, one-, two-, and three-bedroom residences designed to serve a broad renter base seeking well-located, high-quality housing.


“This acquisition reflects our focus on transit-oriented submarkets where demand is supported by affordability, job access, and constrained new supply,” said Henry Moore, vice president of acquisitions at 29th Street Capital. “These communities align well with renter preferences for access, quality housing, and professional management, while offering flexibility in a high-cost homeownership market.”


The acquisition was financed with a five-year fixed-rate, full-term interest-only loan at approximately 70 percent loan-to-purchase. The financing was arranged by Colliers’ Debt & Structured Finance team, which coordinated agency execution and navigated the reassignment of existing tax increment financing (TIF) agreements associated with two of the communities.


“This was a highly coordinated execution that required close collaboration among all parties,” said Shahin Yazdi of Colliers’ Debt & Structured Finance. “We worked alongside the borrower and lender to deliver a competitive agency outcome and a seamless close on an institutional-quality portfolio.”


“Colliers delivered exactly what they said they would,” said Robb Bollhoffer, chief investment officer and managing director at 29th Street Capital. “Their team navigated the complexities of the financing, including the TIF reassignment, with efficiency and clarity. It was a straightforward and highly professional process from start to finish.”


29th Street Capital plans to execute a targeted, light value-add business plan across the portfolio, including selective interior upgrades, common-area enhancements, and operational improvements designed to elevate the resident experience while maintaining competitive positioning within the submarket.


The acquisitions mark the firm’s fourth, fifth, and sixth investments in the Washington, D.C., metro area and expand its presence in established, transit-oriented submarkets with durable fundamentals. The portfolio will be operated by 29th Street Living, 29SC’s in-house property management platform, providing full operational oversight and execution consistency.


About 29th Street Capital


Headquartered in Chicago, 29th Street Capital is a privately held investment management firm specializing in multifamily real estate. Since 2009, the firm has acquired more than 30,000 units nationwide. With over $5.1 billion in assets and a team of more than 400 employees, 29SC executes acquisitions, development, renovation, and management strategies through a vertically integrated, tech-forward platform that enhances resident experience and optimizes property performance. Its dedicated property management arm, 29th Street Living, provides end-to-end operational expertise, ensuring consistency across every community. Learn more at 29SC.com.


About Willton Investment Management


Willton Investment Management is the operating and investment arm of Willton Group, a U.S.-based family office focused on creating better living communities. Through its platform, Willton develops rental apartment communities and provides joint venture equity to top tier institutional sponsors in both residential developments and existing multi-family properties across the United States. Willton has invested in more than 5,000 units across 11 major American MSAs since 2017. Each Willton investment is distinguished by innovative design, thoughtful planning, lasting value, and superior execution overseen by the company’s vertically integrated team of industry professionals. For media inquiries or to learn more about Willton Investment Management, please visit www.willtongroup.com.


About Colliers Debt & Structured Finance - part of Colliers


Colliers Debt & Structured Finance is distinctively positioned to help meet our clients’ financing, funding and capitalization needs for the acquisition, refinance, construction, rehabilitation, equity bridge and permanent debt for a multitude of commercial property types nationwide. Our professionals work collaboratively to provide solutions that best fit each client’s unique needs, offering access to federal agency loan programs, commercial finance solutions, and identifying capital sources for capitalization requirements. We also service most loans we originate and are currently servicing more than $16.7 billion of loans.


About Colliers


Colliers is a global diversified professional services and investment management company operating through three industry leading businesses: Commercial Real Estate, Engineering, and Investment Management. With greater than a 30-year track record of consistent growth and strong recurring cash flows, we scale complementary, high-value businesses that provide essential services across the full asset lifecycle. Our unique partnership philosophy empowers exceptional leaders, preserves our entrepreneurial culture, and ensures meaningful inside ownership — driving strong alignment and sustained value creation for our shareholders. With $5.6 billion in annual 

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Media Contact:

Sharie Rocker Damm

29th Street

sharie.damm@29SCLiving.com

sdamm@29SC.com


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