FOR IMMEDIATE RELEASE
March 6, 2026

CHICAGO – 29th Street Capital (29SC), a vertically integrated multifamily investment firm, announced today the acquisition of Lakewood Terrace, a 152-unit garden-style apartment community located in Belton, Missouri, approximately 20 miles south of downtown Kansas City.

Built in 2002, the garden style community offers one-, two-, and three-bedroom floor plans averaging more than 1,025 square feet. The property serves residents in the growing Cass County submarket and features a clubhouse, swimming pool, fitness center, detached garages, and two playgrounds.

“Lakewood Terrace aligns with the fundamentals we prioritize from both an operational and market perspective.” said Matt Compton, Vice President of Acquisitions at 29th Street Capital. “It is a well-located suburban community with large floor plans, strong school district access, and clear value-add upside.”

29th Street Capital plans to execute a comprehensive value-add business plan at the property. Approximately 50% of units were previously renovated by the seller, and 29SC intends to complete renovations across the remaining classic units using its standardized interior design package, including upgraded cabinetry, quartz countertops, modern lighting, stainless steel appliances, vinyl plank flooring, and refreshed bathrooms.

The acquisition was completed in continued partnership with Raith Capital Partners, reflecting a shared commitment to thoughtful investment and operational execution.

Lakewood Terrace marks 29SC’s fourth acquisition in the Kansas City market and reinforces the firm’s continued focus on suburban submarkets supported by employment growth, affordability dynamics, and limited new supply. The property benefits from proximity to major employment drivers along the I-49 corridor, including Honeywell’s Kansas City National Security Campus, which is undergoing a significant multi-year expansion, as well as Chewy’s regional distribution center and other logistics employers.



Lakewood Terrace will be operated by 29th Street Living, 29SC’s in-house property management platform, providing full operational oversight and execution consistency.

About 29^th 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 $5.5 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.

Media Contact:

Sharie Rocker Damm
29^th Street 
Director of Communications & PR
sharie.damm@29SCLiving.com
sdamm@29SC.como

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