29thstreet

29th Street Living Selected to Manage The Villager Apartments in Centerville, Ohio

Fri, 17 Apr 2026 18:29:17 GMT

29th Street Living Selected to Manage The Villager Apartments in Centerville, Ohio

FOR IMMEDIATE RELEASE
April 17, 2026

Centerville, OH – 29th Street Living, the property management platform of 29th Street Capital, today announced it has been selected to assume management of The Villager , a 276-unit multifamily community in Centerville, Ohio, on behalf of ownership group Laager Group.

The assignment reflects continued momentum in the firm’s third-party management expansion and reinforces its growing presence in the Midwest.

The Villager is a well-located community in the Centerville submarket, offering residents convenient access to major employment corridors, retail, and lifestyle amenities. 29th Street Living is implementing its fully integrated operating platform, with a focus on enhancing the resident experience, driving leasing performance, and optimizing long-term asset value.

“We are excited to partner with Laager Group on The Villager and bring our operational platform to the asset,” said Chris Radliff, Chief Operating Officer of 29th Street Living. “Our approach is centered on execution, combining local market expertise with real-time data, technology, and hands-on management to unlock performance and create a better experience for residents.”

29th Street Living has assumed management responsibilities as of April 2026. The team is focused on operational alignment, team integration, and deploying its technology-enabled systems to improve leasing velocity, streamline operations, and enhance transparency for ownership.

This new assignment further demonstrates 29th Street Living’s ability to partner with ownership groups seeking a more proactive, performance-driven management approach. Backed by a vertically integrated platform, the firm continues to expand its third-party portfolio nationwide.

About 29th Street Living

29th Street Living is the property management platform of 29th Street Capital, a vertically integrated real estate investment firm. The platform combines operational expertise, data-driven decision-making, and a curated technology stack to deliver measurable performance and elevated resident experiences across its portfolio. With a focus on execution, transparency, and partnership, 29th Street Living manages communities across key markets nationwide.

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Media Contact:
Sharie Rocker Damm
Director of Corporate Communications & Public Relations
sharie.damm@29SCLiving.com

Living Proof: The People

Fri, 10 Apr 2026 16:35:34 GMT

Living Proof: The People

New Paragraph

Living Proof: The People

Tue, 10 Mar 2026 16:19:48 GMT

29th Street Capital Announces Acquisition of Lakewood Terrace, a 152-Unit Multifamily Community in Belton, Missouri

Fri, 06 Mar 2026 16:27:34 GMT

29th Street Capital Announces Acquisition of Lakewood Terrace, a 152-Unit Multifamily Community in Belton, Missouri

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
sdam m @29SC.como

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Daniel Rickert to Moderate Broker Panel at CREJ’s 2026 Spring Multifamily Conference

Wed, 25 Feb 2026 16:51:27 GMT

Daniel Rickert to Moderate Broker Panel at CREJ's 2026 Spring Multifamily Conference

By Sharie Rocker Damm

February 25, 2026

29th Street Capital is pleased to share that Daniel Rickert, Vice President of Acquisitions, will moderate a broker panel at the 2026 Spring Multifamily Development & Investment Conference hosted by the Colorado Real Estate Journal .

March 10, 2026
12:00 PM – 5:00 PM

The Cable Center

2000 Buchtel Blvd. S.

Denver, CO 80210

The conference will bring together leading developers, investors, lenders, and brokers to discuss the evolving multifamily landscape. Daniel will lead a candid discussion with brokers on:

Transaction velocity in Colorado and the Mountain West
Bid-ask spreads and valuation resets
Capital stack trends, including recapitalizations and preferred equity
Where buyers and lenders are leaning in—or exercising caution

Nationally, multifamily absorption reached 794,000 units in 2025, one of the highest levels on record, while transaction volume remains muted due to elevated rates and pricing gaps. In Denver, vacancy remains elevated following recent supply, reinforcing the importance of disciplined underwriting and local market knowledge.

Daniel joined 29th Street Capital in 2025 to lead acquisitions efforts in Colorado, Phoenix, Las Vegas, and Salt Lake City, strengthening our boots-on-the-ground sourcing model across the Mountain West.

For those interested in attending, full event details and registration information are available through the Colorado Real Estate Journal website .

We look forward to a thoughtful discussion and connecting with industry peers in Denver.

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

Thu, 19 Feb 2026 21:58:09 GMT

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

Living Proof: Annaliza's Story at Helix at Med Center

Wed, 18 Feb 2026 17:47:48 GMT

Living Proof: Annaliza's Story at Helix at Med Center Apartments in Houston

Peace of Mind Starts with the Right Team

By: Sharie Rocker Damm
February 18, 2026

When Annaliza reflects on her experience with 29th Street Living, one word rises to the top: trust .

As a parent, knowing her son lives in a safe, well-managed community matters more than anything. And for Annaliza, that confidence starts with the people behind the scenes.

“I’m so impressed with the staff in the leasing office on how they make it super easy to renew the lease contract,” she shares. “Every single person I’ve dealt with is polite, quick to respond, and professional. It’s rare to find a team nowadays that’s both efficient and genuinely kind.”

At 29th Street Living, we believe renewal isn’t just paperwork, it’s a reaffirmation of trust. Through streamlined digital processes and responsive communication tools, our leasing teams are able to simplify what can often feel complicated. That efficiency allows our teams to focus on what matters most: delivering a thoughtful, human experience.

Behind every smooth renewal is a coordinated effort powered by technology that keeps communication clear, timelines organized, and residents informed every step of the way. But as Annaliza’s experience shows, systems alone aren’t what make the difference. It’s the people using them.

For her, the impact goes deeper than convenience.

“It gives me peace of mind knowing that my son lives in a place that’s well-managed and very welcoming. Thank you all for providing a safe and comfortable home for my son.”

That peace of mind is what Living Proof is all about. It’s not just about well-run operations, it’s about creating environments where residents and their families feel confident, supported, and genuinely cared for.

Helix at Med Center is in Houston, TX.

Living Proof: The People

Thu, 12 Feb 2026 17:07:19 GMT

Living Proof: The People

Reynaldo "Rey" Capinguian, Maintenance Technician

Maven at Wheaton | Silver Spring, MD

New Build-for-Rent Community Now Leasing in Apache Junction

Mon, 12 Jan 2026 18:06:50 GMT

New Build-for-Rent Community Now Leasing in Apache Junction Expanding Attainable Housing Options in Greater Phoenix

FOR IMMEDIATE RELEASE

Apache Junction, AZ, January 12, 2026 — Leasing is officially underway at Verge, a newly delivered build-for-rent (BTR) community in Apache Junction, as residents begin moving into one of the East Valley’s most anticipated housing offerings – and we’re fully open to the public!

Verge is thoughtfully designed to meet the growing demand for attainable, high-quality rental housing in the greater Phoenix metro. The community delivers modern single-family homes, intentional design, and a resident-first experience, without pushing rents beyond reach.

To support early lease-up, Verge is currently offering up to eight weeks free, creating a compelling opportunity for renters seeking new construction at an accessible price point.

What sets Verge apart is its deep commitment to pet-friendly living. The community is the only property in its competitive set not charging pet rent, reinforcing its belief that pets are family, not an add-on. Nearly all homes feature doggy doors (leading to a private backyard), complemented by an expansive dog park, walkable green spaces throughout the community, and convenient access to nearby walking paths.

“Verge isn’t about breaking the mold for the sake of it,” said Beric Wessely, Director of Lease Up Operations with 29th Street Living. “We’re focused on delivering a great product at a great price, supported by a best-in-class onsite team that puts the resident experience first. That philosophy shows up in how we lease, how we serve, and how we build community.”

Verge was developed by 29th Street Capital, which has also delivered two additional build-for-rent communities in the Goodyear submarket, underscoring the firm’s continued investment in high-demand, attainable housing across the Phoenix region.

As a build-for-rent community, Verge blends the privacy and comfort of single-family living with the convenience and service of professionally managed rental housing. With move-ins already underway and leasing momentum building, Verge represents a meaningful addition to the East Valley—bringing quality homes, pet-forward amenities, and a people-first approach to one of the region’s most desirable and fast-growing communities.

For leasing information or to schedule a tour, visit https://vergearizona.com/ .

About 29 ^th 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 17 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 .

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MEDIA CONTACTS:

Sharie Damm
Director of Corporate Communication & PR
29 ^th Street Living
Sharie.Damm@29SCLiving.com

Beric Wessely
Director of Lease Up Operations
29 ^th Street Living
Beric.Wessely@29SCLiving.com

Living Proof: Anthony’s Story at The Edison

Wed, 07 Jan 2026 19:25:51 GMT

Living Proof: Anthony's Story at The Edison

Where Leadership, Technology, and Care Come Together

By: Sharie Rocker Damm
January 7, 2026

For Anthony Corea , living at The Edison is about more than a great apartment, it’s about the people and systems that make everyday life feel effortless, welcoming, and secure.

“I can’t say enough about Nnameka, our property manager—she’s truly exceptional,” Anthony shares. “Her professionalism, responsiveness, and genuine care are unmatched.”

At 29th Street Living, we believe great communities start with great leadership. Nnameka’s hands-on approach is supported by a tech-forward operating platform that allows her to stay responsive, informed, and proactive. From real-time reporting to streamlined resident communication, technology helps ensure nothing gets missed, and residents feel supported at every touchpoint.

That partnership extends seamlessly to Julian , the community’s maintenance supervisor. Together, they form a tight-knit team focused on consistency, cleanliness, and peace of mind.

“Nnameka works hand-in-hand with Julian to ensure The Edison is not only spotless but also feels incredibly safe and secure,” Anthony says.

Maintenance requests are tracked and prioritized through our centralized systems, giving the onsite team immediate visibility and accountability. The result? Faster response times, clear communication, and a community that feels cared for, day in and day out.

But what stands out most to Anthony isn’t just efficiency, it’s the feeling.

“Their dedication creates a welcoming atmosphere for everyone,” he explains.

“They go above and beyond to deliver outstanding customer service and make The Edison a place we’re genuinely proud to call home.”

That pride is Living Proof of what happens when strong leadership, committed teams, and smart technology work together. At 29th Street Living, we don’t believe technology replaces the human touch, it amplifies it, giving our teams the tools they need to show up for residents in meaningful ways.

Because when residents feel safe, supported, and heard, a community becomes more than a place to live, it becomes home.

Learn more about The Edison .

Learn more about 29th Street Living's Third-Party Management Platform .

29th Street Living Named 2025 Property Management Company of the Year by Multi-Housing News

Thu, 11 Dec 2025 15:47:23 GMT

29th Street Living Named 2025 Property Management Company of the Year by Multi-Housing News

December 11, 2025 - 29th Street Living is honored to announce that we have been recognized as the 2025 Property Management Company of the Year by Multi-Housing News (MHN), a prestigious industry award that celebrates operational excellence, innovation, and leadership within the multifamily housing sector.

This recognition reflects the strength of our people, the discipline of our operating model, and our unwavering commitment to delivering exceptional experiences for residents, clients, and partners across the country. It also affirms what we know to be true about our organization: we are building something truly special here in our quest to be THE EXPERT OPERATOR.

A Rigorous and Meaningful Evaluation

The MHN Excellence Awards are among the industry’s most respected benchmarks for performance. The judging process focuses on a company’s ability to demonstrate clear operating capacity, measurable results, consistency of execution, and cultural alignment.

Why 29th Street Living Was Recognized -Key Differentiators

MHN cited several strengths that set 29th Street Living apart:

Operational Discipline

Our Playbook and KPI-driven systems demonstrate a high level of structure, clarity, and accountability at every layer of the organization—hallmarks of true expert operators.

Technology-Enabled Performance

Tools such as UDP, Rentana, HelloData, EliseAI, and Tour24 equip our teams with real-time insights and enhanced decision-making capabilities that drive measurable results.

Resident-Centered Approach

We remain deeply focused on fostering connection, communication, and hospitality—bringing a people-first mindset to every community we serve.

Culture of Excellence

Our ETHICS value system, leadership development efforts, and supportive operating environment create a culture where teams are empowered to succeed—and it shows in the quality of their work.

Proven Results

Property specific Case Study and portfolio-wide performance metrics demonstrated the tangible impact of our operating model and the strength of our execution.

A Win for Our Teams, Clients, and Residents

This award is a reflection of the passion, expertise, and dedication of our onsite teams, regional leaders, support departments, and corporate partners. Their commitment to excellence—day in and day out—is what earned this recognition.

It is also a milestone that reinforces what we see across our organization: together, we are building something special—an operating platform and a culture that stands apart in our industry.

We extend our gratitude to our residents, clients, and partners whose trust enables us to do this work with purpose and pride.

Looking Ahead

Being named Property Management Company of the Year is not the culmination of our efforts—it is a milestone on our continued path toward raising the standard for multifamily operations. We remain committed to innovation, transparency, and delivering exceptional living experiences across all communities we serve.

With strong leadership, dedicated teams, a best-in-class operating platform, and a culture built on integrity, collaboration, and the drive to lead as expert operators, 29th Street Living is poised for continued growth and impact in 2025 and beyond.

Click here more information on our third-party property management platform.

Media Contact:

Sharie Rocker Damm

Director of Communications and Public Relations

Sharie.Damm@29SCLiving.com

What Gen Z Is Really Telling Us About the Future of Multifamily

Thu, 20 Nov 2025 16:26:12 GMT

What Gen Z Is Really Telling Us About the Future of Multifamily

By Sharie Rocker Damm

November 20, 2025

Every few years, our industry gets a new generational headline. We dissect behaviors, debate preferences, and convince ourselves that each incoming cohort is harder to understand than the last.

But here’s my honest take: Gen Z isn’t complicated, they’re clear.

And if we listen, they’re giving us a blueprint for the future of multifamily.

At 29th Street Living, we pride ourselves on being deeply operational, technology-forward, and resident-focused. So, when we look at Gen Z, we don’t respond with trend forecasting or marketing gimmicks. We respond with execution, and we build systems that serve them and elevate the resident experience for everyone else.

Here’s what I’m seeing, day in and day out.

1. For Gen Z, Convenience Isn’t Negotiable

This is the “I grew up with a smartphone” generation. Waiting for anything feels unnecessary because, frankly, it usually is.

They expect instant information and easy processes , which means:

Self-guided tours available when they want them
AI-driven responses that don’t leave them hanging
Clear updates, clean portals, and smooth workflows
Answers without friction or having to follow-up

At 29th Street Living, we’ve built our platform around this idea: Make every interaction faster, easier, and more predictable.

Convenience isn’t a perk anymore. It’s the baseline for trust.

2. Authenticity Beats Marketing Every Time

Gen Z can detect inauthenticity from a mile away. And they don’t tolerate it.

What works?

Real people
Real communication
Real transparency
Real care

They don’t need us to be perfect. They need us to be honest.

In practice, that means our teams show up fully human, supportive, direct, respectful, and clear. We don’t make promises we can’t keep. We don’t hide the fine print. And we don’t pretend things are great when they’re not.

Authenticity is a service standard.

3. Community Still Matters — Maybe More Than Ever

The narrative has always been that younger generations are glued to screens. But what we’re seeing onsite?

They want community.
Not forced fun but real connection.

At our communities, that shows up through:

Gatherings that feel casual and inclusive
Pet-friendly moments (because the dog park is the new social hub)
Quiet support from onsite teams who truly know their residents
Spaces that naturally bring people together rather than push them together

A genuine sense of belonging is a competitive advantage. It’s also the heart of renewal.

4. Good Design Influences Mood and Decision-Making

Gen Z renters appreciate spaces that make sense. Not overly designed. Not sterile and corporate. Just intentional and calm.

This generation values:

Functional spaces
Clean lines and warm tones
Amenity spaces that actually serve a purpose
Environments that reduce friction and increase comfort

At 29th Street Living, we approach design with the same philosophy we bring to operations: Make it beautiful, make it useful, make it feel like home.

5. Technology Isn’t a Feature, It’s the Infrastructure

Gen Z doesn’t applaud good tech. They assume it’s there. Our responsibility is to make sure it works seamlessly, consistently, and quietly in the background.

That’s why our operating platform includes:

EliseAI + Tour24 for leasing efficiency
HelloData for real-time market intelligence
Rentana for smart pricing decisions
Opiniion for immediate feedback loops
UDP for transparent portfolio-wide data visibility

When technology is implemented thoughtfully, it disappears into the experience — and residents feel taken care of without even noticing why.

6. Values Drive Loyalty

This is maybe the strongest through-line with Gen Z: They want to align with brands that treat people well.

Not slogans. Not campaigns.
Actual behavior.

At 29th Street Living, we show our values through:

Responsible, considerate operations
A culture of transparency
A resident-first mindset across every team
A genuine commitment to care and service

When your brand aligns with your actions, residents feel it. They talk about it. And they stay because of it.

Bottom Line: Gen Z Is Calling Us Forward

Their expectations aren’t extreme. They’re simply modern.

They want clarity, convenience, community, and consistency; the very things great property management should deliver regardless of generation.

From my vantage point, Gen Z isn’t changing multifamily.
They’re accelerating what should have happened already.

And at 29th Street Living, we’re not just adapting to that shift — we’re building a platform designed for it. One that reflects who we are at our core:

Authentic. Tech-forward. Service-driven. And committed to creating communities where people actually feel at home.

That’s the future of multifamily.

And honestly? It’s a future I’m excited about.

Living Proof: Adrian’s Story at Waterside at River Park Place

Mon, 17 Nov 2025 17:09:43 GMT

Living Proof: Adrian’s Story at Waterside at River Park Place
Where Service Meets Innovation on the Louisville Waterfront

By Sharie Rocker Damm

November 17, 2025

When Adrian N. found himself in a tight spot, the team at Waterside at River Park Place didn’t just offer him a home—they offered him a lifeline.

“Life savers! The front office is phenomenal,” Adrian says. “Cora and the team helped me when I was in a bind. Cora took the time to show us several options that were available in my time frame and went above and beyond.”

For Adrian, that level of care is what sets Waterside apart. From the very first conversation to move-in day, the team worked seamlessly, powered by 29th Street Living’s integrated technology platform designed to deliver speed, transparency, and personal connection at every step.

Behind the scenes, EliseAI and Tour24 helped Adrian explore available options quickly, even after hours—making the leasing process effortless and efficient. Once he chose his home, Entrata’s online leasing tools allowed him to review and sign documents from anywhere, keeping the experience as smooth as the Ohio River just outside his window.

Now settled in, Adrian enjoys everything that makes Waterside a Louisville favorite: a riverfront location , resort-style amenities , and a community team that truly cares. His maintenance requests are handled in record time, thanks to real-time service tracking through our Unified Data Platform (UDP)—giving the on-site team instant visibility to ensure nothing slips through the cracks.

“The location is beautiful, the amenities are awesome, and the price was too good to turn down,” Adrian shares. “They take care of you here. I wouldn’t want to be anywhere else in Louisville!”

At 29th Street Living, we believe exceptional service isn’t just about what residents see—it’s also about the technology working quietly in the background to make life easier. For Adrian, that combination of human care and innovation turned a stressful situation into a story of connection, comfort, and confidence.

Because Living Proof isn’t just about where you live—it’s about how you feel once you’re home.

Robb Bollhoffer to Share 2026 Investment Outlook at National Multifamily Webinar

Tue, 04 Nov 2025 17:30:23 GMT

Robb Bollhoffer to Share 2026 Investment Outlook at National Multifamily Webinar

As multifamily investors navigate interest rate uncertainty, inflationary pressure, and evolving renter trends, strategic clarity has never been more critical. On Thursday, December 4 , 29th Street Capital’s Chief Investment Officer and Managing Director, Robb Bollhoffer , will join a panel of industry leaders for Marcus & Millichap’s virtual event, “2026 Multifamily Investment Outlook: Redefining Multifamily.” Register here: 2026 Multifamily Investment Outlook

Living Proof: Colleen's Story at The Shelby in Alexandria, VA

Thu, 23 Oct 2025 14:33:29 GMT

Living Proof: Colleen’s Story at The Shelby in Alexandria, VA
Where Technology Meets Heart in Everyday Living

By: Sharie Rocker Damm

October 23, 2025

When Colleen moved into The Shelby Apartments four years ago, she didn’t just find a place to live—she found a community that truly feels like home.

“It’s been amazing so far,” Colleen shares. “The team here really takes care of us—from keeping everything spotless to always looking for ways to make things better.”

At The Shelby, attention to detail shows up in every corner—from the sparkling elevators and freshly vacuumed hallways to the convenience of five-day-a-week valet trash pickup . But behind that everyday ease is more than just great service—it’s technology working quietly in the background to make life smoother.

Our resident app through Entrata connects Colleen and her neighbors directly to their onsite team, allowing them to submit maintenance requests, reserve amenities, or check package deliveries in real time. Through Opiniion, residents can share instant feedback that helps our teams respond faster and continuously improve. And with tools like HelloData and UDP, our managers have real-time insights that help them anticipate needs before they become issues.

That’s why when Colleen needs maintenance, she doesn’t have to wait.

“Maintenance is always very responsive and quick to address any issues,” she says. “They really care.”

As The Shelby continues to evolve, residents are seeing upgrades shaped by their feedback—new gym equipment, expanded package lockers, upgraded door locks, and even a car vacuum and air station in the garage. These enhancements reflect our ongoing commitment to improving both comfort and convenience through thoughtful innovation.

“I’m so glad The Shelby was my first apartment in the DMV area,” Colleen says. “They really take good care of me. Huge shoutout to Dom and LaVaughn from the front desk—they’re always a pleasure to work with!”

At 29th Street Living, stories like Colleen’s are what drive us. Through technology, care, and a passion for service, we’re creating communities where residents feel seen, supported, and proud to call home.

Because Living Proof isn’t just a series—it’s what happens when people and innovation come together to make life better, every day.

For more information on partnering with 29th Street Living to manage your property, visit: Third-Party Property Management | 29th Street Capital

29th Street Living Assumes Management of Ironwood at Palmer Park in Colorado Springs

Thu, 09 Oct 2025 17:30:18 GMT

29th Street Living Assumes Management of Ironwood at Palmer Park in Colorado Springs

FOR IMMEDIATE RELEASE
October 9, 2025

Colorado Springs, CO — 29th Street Living announced today that it has officially taken over property management of Ironwood at Palmer Park , a 192-unit community located in the heart of Colorado Springs, Colorado. The addition reflects 29th Street Living’s continued momentum in expanding its third-party management portfolio and delivering best-in-class service to residents and owners alike.

Ironwood at Palmer Park offers one-, and two-bedroom apartment homes featuring spacious layouts, updated kitchens, private balconies or patios, and washer/dryer connections. Residents enjoy a robust amenity package including a swimming pool, fitness center, clubhouse, playground, and direct access to Palmer Park’s scenic trails. Its central location also provides convenient access to shopping, dining, schools, and major employment centers across Colorado Springs.

“At 29th Street Living, we are deeply committed to creating communities where residents feel at home and owners see lasting value,” said Chris Radliff, Chief Operating Officer of 29th Street Living. “Ironwood at Palmer Park is exactly the type of community where our operational expertise, technology-forward systems, and resident-first approach will make an immediate impact.”

The property is owned by Newbrook Capital , a private real estate investment firm. Ironwood at Palmer Park is the third community 29th Street Living manages on behalf of Newbrook Capital , further strengthening the partnership between the two firms.

For more information about 29th Street Living and its property management services, visit www.29sc.com .

About 29 ^th Street

Headquartered in Chicago, 29th Street is a privately held investment management firm specializing in multifamily real estate. Since 2009, the firm has acquired more than 30,000 units nationwide, delivering an average 33.9% IRR and a 2.3x equity multiple across its portfolio. With over $5.1 billion in assets and a team of more than 500 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
Director of Communications & PR
29th Street Living
Sharie.Damm@29SCLiving.com

Creating Alpha Below the Zip Code: A Contrarian Strategy

Tue, 07 Oct 2025 14:51:51 GMT

Creating Alpha Below the Zip Code: A Contrarian Strategy

29th Street Capital Expands Phoenix Presence with Acquisition and Rebrand of 148-Unit Agave Ridge Apartments

Wed, 01 Oct 2025 13:14:04 GMT

29th Street Capital Expands Phoenix Presence with Acquisition and Rebrand of 148-Unit Agave Ridge Apartments

FOR IMMEDIATE RELEASE
October 1, 2025

Phoenix, AZ – 29th Street Capital (29SC), a privately held real estate investment firm, today announced the acquisition of Urban 148, a 148-unit multifamily community located in Phoenix, Arizona. Upon closing, the property will be rebranded as Agave Ridge Apartments and 29 ^th Street Living will manage the property.

The acquisition expands 29SC’s growing footprint in the Phoenix metropolitan area, bringing the portfolio from nine to ten properties, including three new developments. Strong job growth, steady population inflows, and resilient renter demand continue to reinforce the market’s long-term housing fundamentals.

“Phoenix remains one of the country’s most dynamic markets, and Agave Ridge represents the type of well-located, value-add opportunity where our integrated platform excels,” said Daniel Rickert, VP of Acquisitions of 29 ^th Street Capital . “With our in-house construction, asset management, and operations teams, we are well-positioned to enhance the resident experience while creating significant value for our investors.”

Having recently undergone significant renovations, Agave Ridge is well-positioned within its submarket, offering modernized homes and refreshed amenities that align with 29SC’s strategy of delivering attainable housing while capturing durable rental demand.

The acquisition was sourced through 29SC’s proprietary network of local brokers, owners, and lenders—underscoring the firm’s contrarian approach to finding opportunities in a cautious capital markets environment.

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, delivering an average 33.9% IRR and a 2.3x equity multiple across its portfolio. With over $5.1 billion in assets and a team of more than 500 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 .

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29th Street Living Expands Partnership with Newbrook Capital, Assumes Management of Autumn Park Apartments in Oxford, NC

Wed, 24 Sep 2025 13:09:39 GMT

29th Street Living Expands Partnership with Newbrook Capital, Assumes Management of Autumn Park Apartments in Oxford, NC

OXFORD, NC - September 24, 2025 — 29th Street Living announced today that it will assume property management responsibilities for Autumn Park Apartments, a 128-unit community located at 1110 Williamsboro Street in Oxford, North Carolina. The property is owned by Newbrook Capital and marks the second community under 29th Street Living’s management on behalf of the firm.

Built in 2005, Autumn Park offers one-, two-, and three-bedroom apartment homes totaling more than 111,000 square feet of living space. Residents enjoy a host of amenities including a 24-hour fitness center, swimming pool, playground, on-site laundry facilities, private balconies or patios, and modern in-unit conveniences such as washer/dryer connections and spacious closets. The pet-friendly community is ideally situated near schools, shopping, and major highways, providing residents with both comfort and accessibility.

Chris Radliff, Chief Operating Officer of 29th Street Living, stated:

“Our growing partnership with Newbrook Capital reflects the confidence owners place in our ability to deliver performance and elevate resident experiences. At Autumn Park, we’re bringing the same focus, discipline, and service-oriented approach that defines our owner centric, nimble and tech-forward management platform. We look forward to creating value for Newbrook Capital while ensuring residents experience a community they’re proud to call home.”

29th Street Living will oversee all aspects of community operations, with a focus on seamless resident service, proactive maintenance, and long-term property performance.

For more information about 29th Street Living and its property management services, visit www.29sc.com .

Media Contact:
Sharie Rocker Damm
Director of Communications & PR
29th Street Living
Sharie.Damm@29SCLiving.com

29th Street Living Adds Two More Houston Communities to Its Managed Portfolio

Mon, 15 Sep 2025 15:50:24 GMT

29th Street Living Adds Two More Houston Communities to Its Managed Portfolio

FOR IMMEDIATE RELEASE
September 15, 2025

Houston, TX – 29th Street Living is pleased to announce that it will officially assume management of August Friendswood, located at 2911 W El Dorado Blvd, Friendswood, TX 77546, and Haven at Bellaire, located at 20220 Bellaire Blvd, Richmond, TX 77407, effective September 15, 2025.

These two properties join Milo and Peri as part of 29th Street Living’s growing presence in the Houston metropolitan market—four distinct communities that reflect the company’s dedication to consistent, service-oriented third-party property management.

August Friendswood offers a contemporary living experience featuring spacious one- and two-bedroom apartments (ranging from approximately 848 to 1,310 sq ft), thoughtfully designed with comfort and lifestyle in mind. The community has 249 units and boasts convenient access to Baybrook Mall, Stevenson Park, and the greater Clear Lake and Webster areas—making it an ideal choice for residents seeking both leisure and convenience.

Haven at Bellaire delivers a refined, upscale apartment lifestyle in Richmond, ideally situated between Katy, Sugar Land, and Houston. Designed with luxury in mind, the property features premium finishes, extra storage, resort-style amenities such as a resort-style pool, tanning deck, outdoor kitchen with TV and grill stations, plus a yoga & spin studio, outdoor fitness station, firepit lounge, and pet park. The community is a three-story gem built in 2020 with 297 units, offering a thoughtful blend of modern design and elevated amenities.

"We’re thrilled to welcome August Friendswood and Haven at Bellaire into our Houston portfolio,” said Chris Radliff, COO of 29th Street Living. “These properties exemplify the elevated living experiences we strive to deliver—combining stylish design, exceptional community amenities, and unbeatable locations. With our tech-forward platform and dedicated teams, we’re bringing the tools and service standards that ensure residents enjoy a seamless, modern living experience.”

For more information about 29th Street Living and its property management services, visit www.29sc.com .

Media Contact:
Sharie Rocker Damm
Director of Communications & PR
29th Street Living
Sharie.Damm@29SCLiving.com

Living Proof: Megan's Story at Fenwick Apartments

Thu, 04 Sep 2025 13:28:23 GMT

Living Proof: Megan’s Story at Fenwick Apartments in Silver Spring, MD

By: Sharie Rocker Damm

September 4, 2025

For Megan M., Fenwick Apartments has been much more than a place to live—it’s been the setting for growth, connection, and everyday joy over the past three years.

A Place to Grow

While calling Fenwick home, Megan completed her MBA. The quiet, comfortable spaces throughout the building gave her room to focus—whether tucked into a cozy lounge for remote work or stepping outside to reset between study sessions. “There are plenty of spots to focus without feeling boxed in,” she says.

Everyday Living, Elevated

From fitness and wellness to entertaining friends, Fenwick has shaped her daily life in meaningful ways. Megan has:

Worked out in the on-site gym
Spent sunny afternoons by the pool
Enjoyed rooftop dinners with friends
Even hosted a friend’s engagement party in the community room

“It’s the kind of place that makes you want to stay in and invite others over,” Megan says.

Location at Its Best

Fenwick’s walkable neighborhood adds even more convenience to her lifestyle. With Whole Foods and MOM’s Organic Market nearby, plus coffee shops just blocks away and the Solaire Social food hall around the corner, she’s always within reach of her favorite spots. And when she needs to travel farther, the Metro is just a short walk away.

Safety, Service, and Community

As a single woman, Megan values feeling safe and secure at home. “That’s always been true here,” she shares. Fenwick’s maintenance team has also been a standout, handling requests quickly and professionally every time. Longtime team members Ashley and Kimberly, who have been there since her move-in, consistently go out of their way to be helpful.

On top of it all, community events and welcoming neighbors have added an extra layer of belonging. “The building hosts regular events, and I’ve actually gotten to know some of my neighbors, which makes it feel even more like home.”

Home, Defined by Community

After three years, Megan’s story at Fenwick highlights what we believe makes a community thrive: safe, thoughtfully maintained spaces, a responsive team that cares, and opportunities to connect with those around you. For Megan, Fenwick isn’t just an apartment building—it’s home.

For more information on partnering with 29th Street Living to manage your property, visit: Third-Party Property Management | 29th Street Capital

Sonita Build-to-Rent Community in Goodyear, AZ Now Leasing – Opening September 8th

Wed, 03 Sep 2025 14:50:54 GMT

Sonita Build-to-Rent Community in Goodyear, AZ Now Leasing – Opening September 8th

FOR IMMEDIATE RELEASE

GOODYEAR, Ariz. – September 3, 2025 – Sonita, a new luxury build-to-rent community in Goodyear, Arizona, will begin leasing on September 8, 2025 . Managed by 29th Street Living and developed by 29th Street Development , Sonita blends the privacy of single-family living with the amenities and service of a modern multifamily community—encouraging residents to “Discover Your Horizon.”

Located on Lower Buckeye Road, Sonita offers thoughtfully designed stand-alone homes with private front doors, high-end finishes, and access to resort-style amenities, including a pool, fitness center, and community gathering spaces.

The project team brought together some of the industry’s most respected partners:

General Contractor: Mosaic Building Group
Interior Designer: Stantonic
Landscape Architect : Studio DPA

“Sonita was designed for those who want the very best in comfort, style, and connection,” said John Kitson, EVP of Development at 29th Street. “From the moment you step through your front door, you’ll feel the blend of privacy, community, and quality craftsmanship that makes Sonita truly unique.”

Beric Wessely, Director of Lease-Up Operations for 29th Street Living , added:

“Our focus is to make the leasing experience seamless and exciting. We want future residents to feel confident that every detail—both in their home and in the community—has been thoughtfully planned to enhance their everyday living.”

Leasing appointments begin September 3, 2025. Interested residents can visit www.sonitagoodyear.com or call 480-542-2534 to schedule a tour.

Media Contact:
Sharie Damm
Director of Communications and PR
sharie.damm@29SCLiving.com

29th Street Living Expands Houston Portfolio

Fri, 15 Aug 2025 17:32:04 GMT

29th Street Living Expands Houston Portfolio with Management of Two Prominent Westheimer Communities

FOR IMMEDIATE RELEASE
August 15, 2025

HOUSTON, TX — 29th Street Living, a national leader in multifamily property management and resident experience innovation, is proud to announce it has been selected to take over property management for two premier Houston apartment communities: Peri on Westheimer , located at 13328 Westheimer Rd., and The Milo on Westheimer , located at 13250 Westheimer Rd.

Together, these communities add hundreds of well-appointed apartment homes to 29th Street Living’s Houston portfolio, further strengthening the company’s local presence and commitment to delivering exceptional living environments across the city.

Peri on Westheimer offers a blend of modern design and everyday convenience, with thoughtfully designed one-, two-, and three-bedroom floor plans, upgraded finishes, resort-style pool, resident clubhouse, state-of-the-art fitness center, and pet-friendly amenities.

The Milo on Westheimer provides contemporary apartment living with spacious layouts, high-end interior touches, a vibrant community gathering space, sparkling pool, fully equipped fitness studio, and easy access to Houston’s top shopping, dining, and employment centers.

“Houston is a critical growth market for 29th Street Living, and the addition of Peri and The Milo underscores our ability to deliver value to owners while creating best-in-class experiences for residents,” said Chris Radliff, COO at 29th Street Living. “Our integrated platform, technology-driven operations, and high performing local and cross functional teams position these communities for strong performance and long-term success.”

With the takeover, residents can expect enhanced communication, community programming, and operational excellence powered by 29th Street Living’s proprietary technology stack — including AI-assisted leasing, self-guided tours, resident rewards programs, and advanced maintenance tracking systems.

For more information about 29th Street Living and its property management services, visit www.29sc.com .

Media Contact:
Sharie Rocker Damm
Director of Communications & PR
29th Street Living
Sharie.Damm@29SCLiving.com

29th Street Capital Welcomes Royce Baptist

Thu, 14 Aug 2025 15:53:02 GMT

29th Street Capital Welcomes Royce Baptist as VP of Acquisitions for Georgia and Tennessee

We’re excited to announce that Royce Baptist has rejoined 29th Street Capital as VP of Acquistions for Georgia and Tennessee. Royce brings extensive experience in multifamily acquisitions, capital strategy, and investment management, having served in leadership roles across private equity, family office investment, and brokerage.

Most recently, Royce was Senior Vice President of Acquisitions for a Nashville-based family office, overseeing all facets of its multifamily acquisition platform. His career also includes founding Gladiator Partners, where he led strategy, capital raising, and investor relations, and serving as Vice President of Multifamily at 29th Street Capital, directing acquisitions and asset management in Georgia.

Royce’s background spans work with Landmark Properties, Franklin Street, Marcus & Millichap, and the Miami Dolphins. He holds a BBA in Risk Management and a Legal Studies Certificate from the University of Georgia.

RBaptist@29SC.com

Stop Settling for Average

Mon, 04 Aug 2025 17:12:27 GMT

Stop Settling for Average: How 29th Street Living Delivers Alpha Where Legacy Property Managers Fall Short

By Sharie Damm

In today’s multifamily environment, margin compression is real—and your property manager could be the biggest threat to your asset’s performance.

Too many institutional owners are stuck in long-standing relationships with legacy third-party operators who promise stability but deliver mediocrity. Whether it’s slow leasing, bloated expenses, outdated tech systems, or unclear reporting, the result is the same: diminished returns and missed opportunities.

At 29th Street Living, we were built to be different—and our results prove it. We’re not just operationally disciplined; we’re tech-forward, data-driven, and investor-aligned.

The Hidden Cost of Playing It Safe

Legacy operators often rely on overextended teams, antiquated systems, and fragmented reporting—making it nearly impossible to get clean, real-time data. That creates lag in execution and erodes trust.

Institutional owners are left with:

Disconnected tech platforms that don’t talk to each other
Sluggish lease-ups due to outdated marketing and leasing workflows
Excessive operating expenses, driven by inefficiencies and vendor bloat
Inconsistent reporting that obscures the real story
Poor responsiveness to market shifts and resident needs

If your current manager can’t pivot a leasing strategy within 24 hours, consolidate vendor spend with data-backed benchmarks, or provide a live NOI dashboard—you’re not getting performance. You’re getting placeholders.

Our Formula for Outperformance

29th Street Living is the third-party management arm of 29th Street Capital, a vertically integrated investment firm with over $5.1B in multifamily transactions and deep experience in value-add, core-plus, and development.

When you partner with us, you get a management team that thinks like an owner—and has the tools to act like one.

�� High-Touch, Boutique Service - Lean by design, our structure eliminates bureaucracy and delivers speed. Our teams are seasoned operators who treat every asset like it’s their own—because we manage our own portfolio, too.

�� National Scale, Local Expertise - With boots on the ground in 23 markets and a centralized support team with one of the highest staff-to-property ratios in the industry, we deliver execution that’s both scalable and strategic.

�� Tech-Forward Intelligence - We’ve built a best-in-class tech ecosystem that allows us to move fast, stay aligned, and outperform benchmarks. Key platforms include:

UDP (Unified Data Platform): Our custom BI engine delivering real-time insights across leasing, ops, and finance.
Rentana : Dynamic revenue management that reacts to market shifts instantly.
EliseAI & Tour24 : AI leasing tools that work 24/7 to boost response times, improve lead conversion, and enable self-guided tours.
Banner : Centralizes project management for capex and renovations.
HelloData : Benchmarks comps and helps us price more intelligently.
Entrata : Core PMS that streamlines resident experience and reporting.
Piñata : Enhances resident engagement and retention with built-in incentives.

Together, these tools power transparent operations, smarter decisions, and faster results.

Immediate Impact, No Hand-Holding Required

We don’t need six months to “learn the asset.” Our system is built to onboard fast, diagnose issues, and execute solutions.

In a 2024 takeover of an underperforming property, we delivered in the first 90 days:

Occupancy increase of 9%
NOI growth through streamlined operations and real-time pricing adjustments
Vendor consolidation that reduced controllable expenses by 14%
Renovations completed with better quality and tighter scopes

We used our tech stack to surface hidden inefficiencies, close gaps, and build momentum—fast.

Built for Owners Who Expect More

We’re not trying to be the biggest property management company—we’re building the most accountable, transparent, and tech-enabled one. We don’t just deliver reports; we deliver returns.

If you’re an institutional owner tired of delayed insights, slow execution, and static strategies—it’s time for a new kind of partner.

Let us show you what happens when technology, ownership mindset, and operational excellence come together.

Contact Sharie.Damm@29SCLiving.com or visit 29SC.com to schedule a discovery call.

29th Street Welcomes Daniel Rickert as VP of Acquisitions

sharie.damm@havenresidential.com (Sharie Damm) — Mon, 14 Jul 2025 18:41:01 GMT

We’re excited to welcome Daniel Rickert as Vice President of Acquisitions for 29th Street, overseeing our investment strategy across Colorado and Utah.

Based in Denver, Daniel brings a wealth of experience in real estate investment, capital markets, and strategic growth. Prior to joining 29th Street, he was the founder and Principal of Notch Mountain Properties, where he successfully acquired 10 properties totaling over $156 million across multifamily and commercial assets in Colorado, Ohio, and Illinois.

Earlier in his career, Daniel served at Northmarq Capital in Dallas, where he originated more than $500 million in senior debt, preferred equity, and mezzanine financing for a wide range of asset types, including multifamily, industrial, office, retail, and hospitality.

Daniel earned his Bachelor of Arts in Economics from Southern Methodist University and has built a reputation for thoughtful deal-making and disciplined execution. We’re thrilled to have him onboard as we continue to expand our footprint in key Western markets.

DRickert@29SC.com

29th Street Announces Preferred Equity Investment in Houston, TX

sharie.damm@havenresidential.com (Sharie Damm) — Fri, 11 Jul 2025 19:43:49 GMT

29th Street Announces Preferred Equity Investment in Houston, TX

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 .

Tech That Works Smarter: How 29th Street Living Is Redefining Property Management Through Innovation

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 26 Jun 2025 18:23:53 GMT

Tech That Works Smarter: How 29th Street Living Is Redefining Property Management Through Innovation

At 29th Street Living, we don’t adopt technology just to keep up—we implement it to lead.

We’ve built a best-in-class operating platform using carefully selected tools that help us move faster, work smarter, and deliver results for our residents, investors, and third-party clients. Each solution is intentionally chosen based on its ability to integrate with our systems, customize to our needs, and deliver measurable outcomes.

Here’s a look at the platforms powering our performance:

Rentana: Our revenue management system that optimizes pricing and availability in real time to maximize revenue potential.
UDP: A customized business intelligence platform built to deliver real-time, actionable insights for operators, investors, and clients alike.
EliseAI: AI-powered leasing assistant that responds instantly to leads, improving response times and conversion rates.
Banner: Our asset management and renovation tracking platform, providing visibility into capital improvements and unit turns.
HelloData: A market intelligence tool we use to benchmark performance, track comps, and optimize pricing.
Entrata: Our core property management system, streamlining operations from leasing and payments to renewals and reporting.
Tour24: A self-guided touring solution that keeps leasing moving even when offices are closed.
Piñata: A resident engagement platform that rewards positive behavior and builds stronger communities.

Together, these tools power an ecosystem that’s transparent, tech-forward, and outcomes-driven.

Whether it’s accelerating lease-ups, improving NOI, or simplifying the resident experience, our approach to technology gives our clients and communities a competitive edge. At 29th Street Living , we’re not just managing properties—we’re building the future of property management.

Origin Apartments Celebrates Grand Opening with “Hawaiian Luau in the Desert” in Goodyear, AZ

sharie.damm@havenresidential.com (Sharie Damm) — Fri, 20 Jun 2025 14:30:25 GMT

Origin Apartments Celebrates Grand Opening with “Hawaiian Luau in the Desert” in Goodyear, AZ

Goodyear, AZ (June 18, 2025) — 29th Street Development officially marked the grand opening of Origin Apartments on Thursday, June 5, with a vibrant celebration titled “Hawaiian Luau in the Desert.” The event welcomed community members, city officials, and regional partners to experience the 408-unit multifamily community located in the heart of Goodyear’s dynamic West Valley.

Hosted onsite at 17445 W. Lower Buckeye Road, the evening featured tropical-inspired cuisine, curated cocktails, and live entertainment, bringing a resort-style flair to the desert landscape. Attendees toured the property’s thoughtfully designed amenities, including a sprawling dog park with pet wash station, a sleek coworking lounge, a fully equipped fitness center, and two resort-style pools.

“Origin Apartments reflects Goodyear's commitment to high-quality development,” said Mayor Joe Pizzillo of the City of Goodyear. “The thoughtful amenities, like a dog park and co-working areas, will be very popular with Origin's new residents. It's exciting to see a project that brings new housing options to Goodyear.”

Developed by 29th Street Development and professionally managed by 29th Street Living, Origin Apartments adds much-needed housing options to support the region’s growing population and workforce. The property underscores 29th Street’s investment in quality, attainably priced housing across high-growth markets.

“Origin Apartments is a beautiful addition to the West Valley—offering high-quality, resort-style living at an attainable price point. The thoughtfully designed spaces, including the stunning pool area and top-notch fitness center, reflect the kind of vibrant, community-focused development we love to see in this region, catering to a range of resident needs,” said Sintra Hoffman , President and CEO of WESTMARC .

The grand opening event not only introduced Origin to the local market but also reinforced 29th Street’s position as a leading multifamily developer in the Phoenix metro area. Leasing is currently underway.

For leasing information, visit https://www.origingoodyear.com

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. Backed by more than 16 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 across multiple states and encompasses a diverse range of property types. Learn more about 29 ^th Street at 29SC.com.

About WESTMARC
WESTMARC—the Western Maricopa Coalition—is a public-private partnership of the 15 communities, the business community and the educational sector in the West Valley of the Greater Phoenix region. WESTMARC was formed in 1990 to address important issues facing the West Valley’s economic prosperity. Through WESTMARC members connections, collaboration and action, this region is now home to 1.8 million residents, a thriving business community, abundance of education options, and world-class sports and entertainment amenities.

Contacts:
Sharie Damm
Director of Communications & Public Relations
29th Street Capital
SDamm@29sc.com

29SC Living’s Melissa Bowman Shares Profitability Insights at NAA Apartmentalize 2025

sharie.damm@havenresidential.com (Sharie Damm) — Tue, 17 Jun 2025 17:17:59 GMT

29SC Living’s Melissa Bowman Shares Profitability Insights at NAA Apartmentalize 2025

Melissa Bowman, Controller at 29SC Living, took the stage at this year’s National Apartment Association (NAA) Apartmentalize Conference, one of the industry’s largest events, held the week of June 9 ^th at the Las Vegas Convention Center.

Bowman was invited to speak on a panel titled “Finding Every Penny: Strategies & Tech to Boost Profitability,” hosted by Conservice and moderated by Tiffany Timmerman. Joined by the Director of Asset Management at GoldOller, Bowman contributed her expertise on uncovering hidden savings and improving cost recovery in an era of increasing operational expenses.

The session, presented in a dynamic fishbowl format, drew a wide audience of multifamily professionals and vendors. Panelists shared real-world strategies around utility cost recovery, automated billing systems, and the power of data-driven decision-making. The discussion emphasized how technology and operational improvements can work together to reveal untapped revenue opportunities and strengthen property performance.

Bowman’s participation underscores 29SC Living’s commitment to financial excellence, operational efficiency, and thought leadership in the multifamily space.

Thinking about a new property management partner?

sharie.damm@havenresidential.com (Sharie Damm) — Mon, 09 Jun 2025 19:25:13 GMT

Thinking about a new property management partner?

This article highlights how 29th Street Living brings an owner’s mindset to third-party property management by combining disciplined operations with a proprietary Unified Data Platform (UDP) that delivers real-time, transparent insights. Their tech-driven approach enables faster, fact-based decisions, eliminates manual reporting, and ensures that site teams and owners stay aligned with shared goals and visibility.

29th Street Development Announces Pre-Leasing at Verge, Premier Build-to-Rent Community in Apache Junction, AZ

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 15 May 2025 13:52:14 GMT

29th Street Development Announces Pre-Leasing at Verge, Premier Build-to-Rent Community in Apache Junction, AZ

APACHE JUNCTION, AZ – May 15, 2025 – 29th Street Development, a leading innovator in residential community development, is pleased to announce that Verge, its newest build-for-rent community in Apache Junction, Arizona, will begin pre-leasing today, Thursday, May 15, 2025.

Located within a vibrant Opportunity Zone, Verge offers a distinctive lifestyle experience tailored for residents seeking a harmonious blend of outdoor adventure, community spirit, and urban-style convenience. Situated on a sprawling 20-acre site, Verge is a Class A, thoughtfully amenitized community featuring 201 thoughtfully designed rental homes, seamlessly blending modern comforts with eclectic style. Verge provides residents with conveniences of home ownership without the responsibility.

"Verge represents a new pathway for those seeking both tranquility and adventure," said John Kitson, Executive Vice President of Development at 29th Street Development. "Our residents will experience the ease of modern living with a dynamic twist, perfectly capturing the essence of Arizona’s unique spirit and charm."

Residents at Verge will enjoy premium amenities designed to enhance daily living, foster community connections, and promote a healthy, active lifestyle. The property encourages exploration and embraces the natural beauty and heritage of Apache Junction while maintaining proximity to urban conveniences.

Construction on Verge began in May 2023, with project completion and resident move-ins slated for July 2025.

Interested parties are encouraged to visit VergeArizona.com starting May 15, 2025, to explore available floorplans, amenities, and pre-leasing opportunities.

About 29 ^th 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, 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.

For more information, please contact:
Sharie Damm – Sdamm@29SC.com
Director of Communications & PR

Multifamily Rent Growth Outlook: Why 2025 is a Turning Point for Apartment Owners

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 08 May 2025 14:55:39 GMT

Multifamily Rent Growth Outlook: Why 2025 is a Turning Point for Apartment Owners

After several turbulent years shaped by rising interest rates, inflationary pressures, and a wave of new apartment deliveries, 2025 marks a welcome shift in momentum for multifamily owners. Rent growth is rebounding, supply is tightening, and demographic tailwinds continue to support long-term demand. For apartment owners navigating operational complexity and capital market headwinds, the year ahead presents both challenge—and opportunity.

Rent Growth Is Returning

Multifamily rent growth is poised to rebound in 2025 after a sluggish 2023–24. Class B and C suburban properties are benefitting from affordability constraints and increased renewal conversion rates. According to CBRE and Marcus & Millichap, net absorption is expected to match new supply—marking a shift to a landlord-friendly market for the first time in years.

Sources: CBRE, Marcus & Millichap, 29th Street Capital Investor Letter, April 2025

The Key Drivers of the Upswing

New Supply Is Drying Up : Permits are down 30–40% since 2022, meaning deliveries will plummet by 2026.
Affordability Gap Is Widening : Homeownership now costs $1,200–$1,500 more per month than renting in many metros (Freddie Mac, 2025).
Renter Demographics Stay Strong : Millennials and Gen Z continue to rent longer due to lifestyle preferences and elevated mortgage rates.

Smart Operations Will Define the Winners

With the right tools and team, owners can not only ride the rent growth wave—but accelerate it.

At 29th Street Living , we’ve invested in leading-edge tools and real-time intelligence to drive performance:

Rentana , our new revenue management platform, enables dynamic, data-backed pricing decisions to optimize NOI.
HelloData provides granular visibility into local market comparables, enabling proactive rent setting that reflects actual submarket trends.
Our centralized BI dashboard promotes portfolio-wide transparency and empowers teams to act on insights in real time.

Combined with local leasing intelligence and disciplined renewal strategies, we help owners stay ahead of trends—not react to them.

The Case for Third-Party Management

Apartment owners need partners who understand not only market timing—but also how to translate market data into measurable returns.

That’s where 29th Street Living comes in.

We offer:

Proven playbooks for high-growth metros
Local operators backed by national support
Technology that enhances—not replaces—decision making
A focus on transparency , accountability , and maximizing long-term value

2025 is the year to set the tone for the next cycle. Let’s talk about how we can help your assets outperform.

Reach out to Josh Lindley at JLindley@29SC.com for more information.

Island Elegance Comes to the Desert: Origin Apartments Hosts Grand Opening Celebration in Goodyear, AZ

sharie.damm@havenresidential.com (Sharie Damm) — Wed, 07 May 2025 15:31:30 GMT

Island Elegance Comes to the Desert: Origin Apartments Hosts Grand Opening Celebration in Goodyear, AZ

Goodyear, AZ May 7, 2025 — 29th Street is thrilled to announce the grand opening of Origin, a new 408-unit apartment community in Goodyear, Arizona. To mark the occasion, the community will host a festive “ Hawaiian Luau in the Desert ” on Thursday, June 5, 2025, at 6:00 PM , bringing together local partners, stakeholders, and community members for an evening of celebration under the stars.

Set against the backdrop of Goodyear’s scenic desert landscape, the event will feature coastal-inspired cuisine, curated cocktails, and live entertainment—blending tropical charm with southwestern spirit. Origin represents a fresh chapter in the city’s growth, offering modern living and vibrant community experiences in one of the Phoenix metro area’s most desirable suburbs.

“This is more than just a ribbon-cutting—it’s a celebration of what Origin stands for: new beginnings, connection, and community,” said John Kitson, Executive Vice President of Development at 29th Street. “We look forward to welcoming our guests and neighbors to experience it firsthand.”

The event will be held onsite at Origin Apartments, located at 17445 W. Lower Buckeye Road, Goodyear, AZ 85338 . Guests are encouraged to RSVP by May 23, 2025 . Aloha attire is welcomed.

About The Origin
Developed by 29th Street Development and managed by 29th Street Living, Origin is a thoughtfully designed community that blends upscale amenities, modern design, and access to the best of the Goodyear lifestyle. With a mix of spacious one-, two-, and three-bedroom floorplans, resort-style amenities, and convenient access to major employers and outdoor recreation, Origin sets a new standard for rental living in the West Valley. Visit www.https://www.origingoodyear.com for more information.

Media Contact and Invite Requests:

Sharie Damm
Director of Communications & Public Relations
29th Street
SDamm@29SC.com

Beric Wessely
Director of Lease-Up Operations
29th Street Living
Beric.Wesseley@29SCLiving.com

29th Street Acquires Fenwick Apartments in Silver Spring, MD

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 24 Apr 2025 19:43:06 GMT

29th Street Acquires Fenwick Apartments in Silver Spring, MD

Chicago, IL – April 24, 2025 — 29th Street Capital (29SC), a leading real estate investment and management firm, and Willton Investment Management have closed on the acquisition of Fenwick Apartments, a 311-unit, Class A- multifamily community in downtown Silver Spring, Maryland. Built in 2014 and currently 96.8% occupied, Fenwick represents a high-quality, institutionally owned asset in an affluent submarket in the Washington, D.C. metro area.

Located just three blocks from the Silver Spring Transit Station, Fenwick currently provides convenient access to downtown Washington. With the anticipated delivery of the Purple Line in 2027, Fenwick will offer direct access to Bethesda and the I-270 Tech Corridor (one of the largest biotechnology and life sciences clusters in the country). The property is LEED Gold certified and boasts premium amenities such as a resort-style pool, a state-of-the-art fitness center, a rooftop lounge with a living green wall, and a business center.

“This acquisition aligns with our strategy of buying high quality, well located, assets,” said Henry Moore, Vice President of Acquisitions at 29th Street. “Fenwick pairs institutional quality construction with exceptional access to major employment centers in the MSA, to be further enhanced with the delivery of the new Purple Line in 2027. Located in a pocket with very little in anticipated near-term supply, Fenwick offers our investors a compelling investment opportunity with long-term upside.”

Chris Luo, Chief Executive Officer of Willton Investment Management, said “We are very excited to begin this new partnership with 29 ^th Street Capital and grow our investment footprint in Washington, D.C. metro area. Fenwick will benefit from best-in-class sponsorship, market-leading operations, and convenient access to employment and amenities in Downtown Silver Spring. We are grateful to the entire 29SC team for their diligence, professionalism, and commitment to excellence throughout the acquisition process.”

Key Highlights:

Institutional Quality: 2014 mid-rise construction, transit oriented, LEED Gold certification.
Prime Location: High quality local area demographics, walkable to major public transportation systems, short commutes to several major MSA employment centers.
Portfolio Synergies: Complements 29SC’s existing assets in the region and further enhances operational scale.
Light Value-Add Opportunity: Planned enhancements to the common and amenity areas.
Attractive Basis: Purchase price offers a meaningful discount to replacement cost, insulating the property from additional near-term supply.
Elevated Cost of Home Ownership: Starting rents offer a meaningful discount to homeownership given elevated home prices and high mortgage rates.

The property will be professionally managed by 29th Street Living , the in-house property management arm of 29SC, ensuring a high-quality resident experience and seamless integration with the firm's existing operations in the region.

About 29 ^th Street

Headquartered in Chicago, 29th Street is a privately held investment management firm focused on multifamily real estate. 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 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 6,000 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 .

For media inquiries, please contact:

Sharie Damm

Director of Communications & Public Relations

29th Street

sdamm@29SC.com

Third Party Case Study

sharie.damm@havenresidential.com (Sharie Damm) — Tue, 22 Apr 2025 18:42:30 GMT

Third Party Case Study

SOLUTIONS WITH RESULTS Operational Enhancements

The team conducted a full unit inspection audit and corrected discrepancies in occupancy records, while KTS Legal reviewed eviction files to ensure compliance. Reserved Demand Notices were issued where needed, and documentation processes were tightened. Occupancy quickly rose from 84.81% to 97.47% within four weeks and was 100% leased and occupied by March 3, 2025.

How 29th Street Maximizes Value for Owners

sharie.damm@havenresidential.com (Sharie Damm) — Tue, 08 Apr 2025 14:44:31 GMT

How 29th Street Maximizes Value for Owners

At 29th Street, operational performance is intentional. We apply standardized practices, local market intelligence, and real-time data to execute consistently across the portfolio. Our teams are equipped to deliver strong returns while enhancing the resident experience and maintaining asset quality. Here’s how:

Strategic, Localized Leadership

Each property benefits from on-the-ground leadership supported by Area VPs and Regional Managers. These roles ensure execution of business plans, oversight of KPIs, and alignment with ownership objectives. Site teams receive ongoing support, strategic direction, and accountability through structured meeting cadences.

KPI-Driven Operations

We track operational KPIs at the site, regional, and portfolio levels. These include:

Occupancy and leased %
Renewal rates and trade-out %
Lead-to-lease conversion metrics
Turn time and work order completion rates
Resident satisfaction scores
Budget vs. actual performance

KPIs are reviewed frequently through our robust Business Intelligence tool, UDP to drive timely, informed decision-making and identify opportunities for improvement. KPIs are reviewed frequently through our robust Business Intelligence tool, UDP, to drive timely, informed decision-making and identify opportunities for improvement.

Revenue Management

Our revenue strategy combines AI-driven tools (Rentana and HelloData) with boots-on-the-ground market expertise. This enables us to:

Adjust rents dynamically based on market demand
Monitor comp sets daily
Forecast occupancy and lease velocity with precision
Execute pricing strategies that align with investment goals

Preventive Maintenance & Asset Preservation

Maintenance operations follow a monthly inspection and reporting schedule. Our in-house teams focus on:

Five-to-seven-day turn standards
Routine site walks and inspections
Preventive maintenance tied to long-term budgeting
Compliance with OSHA and state safety regulations
Timely resolution of all resident work orders

Asset condition is monitored continuously to avoid deferred maintenance and maintain consistent quality across the portfolio.

Financial Transparency & Budget Control

Local and regional teams participate in the budgeting and forecasting process, with support from our accounting and asset management teams. Key practices include:

Monthly financial reviews and variance analysis
Real-time cash tracking and reporting
Structured invoice approval processes
Capital planning aligned with property lifecycle needs

This collaborative approach ensures transparency and protects each dollar spent.

Resident Retention & Experience

Resident satisfaction is tracked through surveys at multiple touchpoints (move-in, work order, move-out). Site teams are trained to:

Engage residents regularly
Address issues proactively
Maintain consistent communication
Implement feedback-driven service improvements

Retention efforts are reinforced with tools like EliseAI, Tour24, Piñata, and ResiDesk, which enhance communication and improve the leasing experience.

Consistent Standards Across the Portfolio

We enforce operational consistency through standardized operating procedures (SOPs), strategic site visits, and internal audits. Every community is evaluated against brand standards, including:

29Style curb appeal guidelines – we’ve created our very own standards
Compliance checklists
Turn and readiness protocols
Brand-aligned leasing and marketing materials

This standardization ensures every asset performs at its potential, regardless of location.

Now Leasing: Origin Apartments Opens Its Doors in Goodyear as 29th Street’s Newest Multifamily Community

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 03 Apr 2025 15:55:11 GMT

Now Leasing: Origin Apartments Opens Its Doors in Goodyear as 29th Street’s Newest Multifamily Community

GOODYEAR, AZ April 3, 2025 - 29th Street announced the official opening of Origin Apartments , a new multifamily community located in the rapidly growing suburb of Goodyear, Arizona. Delivered by 29th Street Development, Origin is the third ground-up residential community in the company’s expanding portfolio and reflects its ongoing commitment to delivering high-quality living experiences in high-demand markets.

Located at 17445 W. Lower Buckeye Road, Origin offers 408 market-rate units, amongst a collection of one-, two- and three-bedroom pet-friendly apartment homes, thoughtfully designed with modern finishes including quartz countertops, subway tile backsplashes and spacious kitchen peninsulas. The community features resort-style amenities, including a pool with private cabanas, outdoor grilling stations, and well-appointed social spaces designed to foster connection and comfort.

The community is managed by 29th Street Living, the property management arm of 29th Street Capital, ensuring exceptional service and a resident experience grounded in quality and care.

“With Origin, we continue to bring our vision to life—building communities where people want to live and thrive,” said John Kitson, Executive Vice President of Development at 29th Street. “Our fully integrated platform, from development and asset management to hands-on property operations through 29th Street Living, allows us to deliver thoughtfully executed communities in the markets that matter most.”

Beric Wessely, Director of Lease-up Operations at 29th Street Living, added: “From the earliest planning stages to the first resident move-in, our team is focused on creating a seamless experience that reflects the high standards of the 29th Street brand. Origin is more than just an apartment community—it’s a place where people can build their lives, forge their path, and feel at home from day one.”

Located just minutes from the Phoenix-Goodyear Airport and the growing West Valley tech corridor, Origin offers residents convenient access to major employers, transportation, and lifestyle amenities.

Prospective residents can explore floor plans, take virtual tours, and schedule a visit at www.origingoodyear.com .

An official grand opening celebration is planned for June 5th, with additional details to be announced in the coming weeks.

About 29th Street

Media Contact: Sharie Rocker Damm - SDamm@29SC.com

29th Street Living Selected as Property Manager for Renata on Fredericksburg in San Antonio

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 27 Mar 2025 22:36:12 GMT

29th Street Living Selected as Property Manager for Renata on Fredericksburg in San Antonio

CHICAGO, March 26, 2025 – 29th Street Living proudly announces its new role as property manager for Renata on Fredericksburg, a 288-unit multifamily community in San Antonio’s vibrant Medical Center/USAA submarket. Building on its extensive ownership background under the 29th Street Capital umbrella, 29th Street Living is committed to optimizing operations, enhancing resident satisfaction, and delivering strong value for owners and investors.

“We believe everything starts with our residents. Our goal is to create an exceptional living environment that blends comfort, convenience, and a sense of belonging,” said Karen Plesh, CEO of 29th Street Living. “By merging our ownership insights with data-centric strategies and a hands-on approach at Renata on Fredericksburg, we aim to elevate everyday life for residents while ensuring long-term value for our partners.”

Originally built in 1986, Renata on Fredericksburg recently underwent a comprehensive renovation that included modernized unit interiors—featuring stainless steel appliances, wood plank flooring, and updated kitchens and bathrooms—along with refreshed amenities such as a state-of-the-art fitness center, a revitalized pool area, and an enhanced dog park. Located at 9939 Fredericksburg Road with convenient access to Interstate 10, the community is minutes from downtown San Antonio, the international airport, and a multitude of shopping, dining, and entertainment options. This prime setting aligns perfectly with 29th Street Living’s dedication to fostering vibrant, resident-focused communities.

29th Street Living continues to expand its third-party management portfolio by adding properties like Renata on Fredericksburg while maintaining its hands-on philosophy. Through AI-powered lead management, user-friendly resident portals, and an agile response to evolving market conditions, 29th Street Living is redefining modern property management—offering superior service, technology-driven efficiency, and meaningful returns for owners and investors alike.

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.

Media Contact: Sharie Rocker Damm

Director of Communications & Public Relations

+1.312.933.2434 | sharie.damm@29SCLiving.com

Podcast Debut with Jon Schneider & Chris Radliff

sharie.damm@havenresidential.com (Sharie Damm) — Mon, 10 Mar 2025 20:49:25 GMT

Podcast Debut with Jon Schneider & Chris Radliff

We’re excited to share that Jon Schneider and Chris Radliff joined the inaugural episode of The UDP Podcast! Earlier today, they sat down with UDP CEO and Co-Founder Jonathan Gheller to discuss how data unification has transformed asset management—streamlining operations, driving smarter decisions, and boosting performance. Jon and Chris added incredible insights to the conversation.

29th Street Living Appointed Property Manager of The Willows at Town Center in Las Vegas

lindsay.harrison@havenresidential.com (Lindsay Harrison) — Mon, 17 Feb 2025 23:23:16 GMT

29th Street Living Appointed Property Manager of The Willows at Town Center in Las Vegas

CHICAGO - February 14, 2025 -29th Street Living proudly announces its new role as property manager for The Willows at Town Center, a 188-unit multifamily community in the thriving northwest region of Las Vegas. Building on its extensive ownership background under the 29th Street Capital umbrella, 29th Street Living is dedicated to elevating resident satisfaction, optimizing operations, and increasing asset value for owners and investors.

An Owner’s Perspective with a Tech-Forward Edge

Since its inception under 29th Street Capital, 29th Street Living has leveraged its ownership expertise to excel in property management. By integrating advanced technology, data analytics, and proactive asset management, the firm effectively controls expenses, maximizes returns, and enriches the resident experience. Applying these proven strategies to its third-party management services enables 29th Street Living to achieve exceptional performance, streamline operations, and foster vibrant communities.

“We believe everything starts with our residents. Our goal is to create an exceptional living experience that truly feels like home,” said Karen Plesh, CEO of 29th Street Living. “By merging our ownership insights with data-driven strategies and concierge-level service at The Willows at Town Center, we aim to enhance residents’ day-to-day lives. From user-friendly technology that streamlines communication to responsive on-site teams, every decision is made with their comfort in mind. When residents thrive, our partners realize sustainable, long-term returns.”

Why The Willows at Town Center?

Located at 9145 Echelon Point Drive, The Willows at Town Center features one-, two-, and three-bedroom apartment homes in a desirable neighborhood offering convenient access to shopping, dining, and recreation. This prime setting aligns seamlessly with 29th Street Living’s commitment to creating engaging communities and delivering an outstanding quality of life for residents.

A Vision for Growth and Impact

29th Street Living is poised to expand its third-party management portfolio by adding thousands of units, all while maintaining its hands-on ethos. Through the integration of AI-powered lead management, the rollout of user-friendly resident portals, and an agile approach to evolving market conditions, 29th Street Living is shaping the future of property management—ensuring superior service and strong returns for owners and investors alike.

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.

Media Contact: Sharie Damm, SDamm@29SC.com

29th Street Announces Preferred Equity Investment in McDonough, GA

sharie.damm@havenresidential.com (Sharie Damm) — Fri, 07 Feb 2025 19:16:30 GMT

29th Street Announces Preferred Equity Investmentin McDonough, GA

Chicago, IL – February 7, 2025 – 29th Street Finance proudly announces the successful completion of a $7MM preferred equity investment at Echelon Park Apartments, a 1997 vintage, 240-unit multifamily property in McDonough, GA.

This preferred investment is subordinate to a Freddie Mac senior loan secured by the Sponsor, Disrupt Equity. 29th Street Capital looks forward to collaborating with Disrupt on Echelon Park and future investments.

"This transaction represents another closed deal in our preferred equity platform, further showcasing our ability to deliver tailored investment solutions for our partners. Achieving agency compliance in 2024 has positioned us to act swiftly and effectively in a competitive market. We’re proud to see this strategy gaining momentum and look forward to continuing to capitalize on opportunities in this space over the coming months," said Matt Compton, Vice President at 29th Street.

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 itself, knows what works. For further information about 29th Street and its investment opportunities, please visit 29SC.com.

About 29th Street:

Headquartered 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 across multiple states and encompasses a diverse range of property types. Learn more about 29th Street at 29SC.com.

PRESS CONTACT

Sharie Damm

Director of Corporate Communications and Public Relations

sharie.damm@havenresidential.com

312-933-2434

Welcome Rachel Maguire, Vice President of Asset Management, Western Region!

sharie.damm@havenresidential.com (Sharie Damm) — Fri, 07 Feb 2025 19:14:26 GMT

Welcome Rachel Maguire, Vice President of Asset Management, Western Region!

Rachel Maguire is a seasoned asset management leader with 17+ years in commercial real estate. As VP of Asset Management for the Western Region, she oversees portfolio strategy, financial performance, and value creation.

Previously, Rachel was SVP of Asset Management at Starwood Capital, where she led high-value lease negotiations, managed multi-million dollar budgets and investment strategy across the West region. Additionally, Rachel was VP of Portfolio Management at EO Office where she focused on financial modeling, ROI optimization, and major redevelopment projects, including the $5OOM Willis Tower transformation.

A recognized industry thought leader, Rachel has spoken at ULI, REEC, and VTS Accelerate on asset management, adaptive reuse, and technology innovation. Her strategic vision and execution excellence strengthen 29th Street's growing asset management team.

RMaguire@29SC.com

Renee Joins our 29th Street Crew as Regional Manager, AZ

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 09 Jan 2025 15:47:19 GMT

Renee Joins our 29th Street Crew as Regional Manager, AZ!

Renee comes to us with nearly 30 years of extensive property management experience, holding roles ranging from Community Manager to Area Vice President. Her impressive background includes oversight of Affordable Housing and Class A properties and managing multi-site portfolios across the country. Renee's deep belief that "everyone deserves a nice place to call home" aligns perfectly with 29th Street's mission.

In time, Renee's portfolio will expand to include Colorado and Nevada, where she will bring her passion and expertise to even more communities.

A Phoenix-area local, Renee cherishes spending time with her family, which includes her three children - one of whom is proudly serving in the USAF - and her four grandchildren.

Please join us in giving Renee a warm 29th Street living welcome!

Melissa joins our 29th Street Crew as Regional Manager for Georgia and Florida

sharie.damm@havenresidential.com (Sharie Damm) — Fri, 13 Dec 2024 22:00:38 GMT

Melissa joins our 29th Street Crew as Regional Manager for Georgia and Florida

Melissa brings 19 years of diverse property management experience, starting her career in leasing and advancing to Regional Property Manager. She also served as a Training and Development Coordinator, supporting over 260 communities, and has extensive expertise in Conventional, Affordable, New Lease-Up, and Value-Add assets.

Known for her exceptional leadership and strategic mindset, Melissa excels in building high-performing teams, optimizing operations, and driving both financial success and resident satisfaction.

A graduate of Regent University with an emphasis on Psychology, Melissa’s well-rounded background makes her an invaluable addition to our team.

Please join us in welcoming Melissa to 29th Street Living!

Melissa.Anderson@29SCLiving.com

29th Street Capital Welcomes Bill Brennan as Senior Vice President of Investor Relations

sharie.damm@havenresidential.com (Sharie Damm) — Tue, 03 Dec 2024 17:01:16 GMT

29th Street Capital Welcomes Bill Brennan as Senior Vice President of Investor Relations

December 2, 2024, CHICAGO – 29th Street Capital (29SC), a privately held real estate investment firm specializing in multifamily acquisitions and development, is pleased to announce the appointment of Bill Brennan as Senior Vice President of Investor Relations. Brennan will oversee client relationships and lead capital-raising initiatives for the firm’s investment offerings.

Brennan brings more than 20 years of experience in asset management, with a strong track record in raising capital, strategic business development, and exceptional client service. He has represented alternative investment strategies across private real estate, hedge funds, and structured products. Over the course of his career, Brennan has successfully raised more than $3 billion from Family Offices, Wealth Managers, RIAs, Institutions, and high-net-worth individuals.

Prior to joining 29th Street Capital, Brennan spearheaded investor relations and capital-raising efforts at Birchwood Healthcare Partners, where he was instrumental in securing capital for healthcare-focused real estate investments. Earlier, he contributed to the success of Calamos Investments, participating in one of the largest closed-end fund IPOs in U.S. history, and held senior roles at leading firms including Lighthouse Investment Partners, Aurora Investment Management, and Man Group, Plc.

“We are thrilled to welcome Bill to the team,” said Robb Bollhoffer, Managing Director of 29th Street Capital. “His extensive experience in capital raising and deep relationships across the investment community make him an invaluable asset as we continue to expand our platform and deliver exceptional results for our investors.” Brennan’s expertise and leadership will further enhance 29th Street Capital’s commitment to fostering strong partnerships and driving growth in the multifamily real estate sector.

Brennan earned his Bachelor of Arts degree from the University of St. Thomas in Saint Paul, Minnesota.

About 29th Street

Headquartered 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 across multiple states and encompasses a diverse range of property types. Learn more about 29th Street at 29SC.com.

Media Contact: Sharie Rocker Damm

Director of Communications & PR

SDamm@29SC.com

29th Street Ventures’ Mark Chrisman to Lead Panel Discussion at NMHC OpTech Conference

sharie.damm@havenresidential.com (Sharie Damm) — Mon, 21 Oct 2024 20:24:34 GMT

29th Street Ventures’ Mark Chrisman to Lead Panel Discussion at NMHC OpTech Conference

CHICAGO, October 18, 2024 – 29th Street is proud to announce that Mark Chrisman, Managing Principal of 29th Street Ventures, will participate on a panel at the highly anticipated National Multifamily Housing Council (NMHC) OpTech Conference, taking place from October 21-23, 2024, at the Gaylord National Resort & Convention Center in National Harbor, Maryland. The panel, titled “Blueprint for Innovation: Piloting and Sustaining New PropTech in Multifamily,” will be held on Tuesday, October 22, 2024, from 10:45 AM to 11:30 AM in National Harbor 4-5.

The session will focus on the pivotal role of technology adoption in the multifamily sector and will provide multifamily executives with actionable insights on evaluating, launching, and scaling PropTech platforms. As a leader in the middle-market space, Mark will share a unique perspective on how firms without the extensive resources of their larger peers can successfully innovate and leverage technology to maintain competitive advantage. Joining him on the panel are leaders in property technology and operations including moderator Amy Chien, Director of Strategic Innovations, BH Properties, John Helm, Partner and Managing Director, RET Ventures and Eglae Recchia, Senior Vice President, Chief Product Officer, Berkadia.

Mark Chrisman brings over two decades of experience in commercial real estate and technology investment, having been a principal in over $3 billion worth of real estate transactions and co-founding or investing in 20 PropTech firms. His expertise in both real estate and technology makes him a valuable voice on how middle-market companies can drive innovation.

“As middle-market players, we need to be creative and strategic in how we adopt and integrate technology into our operations,” says Chrisman. “This panel is about offering practical solutions for navigating those challenges and unlocking new opportunities for growth.”

Mark Chrisman’s participation at NMHC OpTech underlines 29th Street Ventures’ commitment to innovation and excellence in the multifamily space.

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 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 across multiple states and encompasses a diverse range of property types.

29th Street Ventures is a division of 29th Street focusing on deploying capital and expertise to technology-driven investments that can transform the real estate industry. For more information visit: 29SC.com.

Media Contact: Sharie Rocker Damm

Director of Communications & PR

SDamm@29SC.com

Beric Wessely Joins 29th Street Living as Director of Lease-Up Operations.

sharie.damm@havenresidential.com (Sharie Damm) — Fri, 18 Oct 2024 20:47:22 GMT

Welcome Beric Wessely!

Beric joins our 29th Street Crew as Director of Lease-Up Operations at 29th Street Living

In this key role, Beric will lead all lease-up activities, from project inception to stabilization, ensuring a seamless connection between development and property management. With over ten years of experience in property management, Beric's expertise will drive the success of new communities as they transition to long-term operations.

Before joining 29th Street Living, Beric held leadership roles at a handful of renowned property management firms and was honored as Chicago's Property Manager of the Year in 2023. We are excited to have him on board to help set up our communities for long-term success!

Please join us in welcoming Beric to the 29th Street Family!

Beric.Wessely@29SCLiving.com

29th Street Capital launches Third-Party Property Management with a Focus on Innovation and Excellence: Introducing 29th Street Living

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 10 Oct 2024 15:26:49 GMT

29th Street Capital launches Third-Party Property Management with a Focus on Innovation and Excellence: Introducing 29th Street Living

CHICAGO, October 9, 2024– 29th Street Living, the property management division of 29th Street Capital with back-office support in Louisvi le, KY, is excited to announce a significant expansion into third-party property management, bringing our signature blend of cutting-edge technology, personalized service, and deep market expertise to new clients across the country. This move reflects our ongoing commitment to enhancing the experiences of both property owners and residents, while driving exceptional performance and results.

29th Street Living operates in 23 key markets, where it currently manages more than 55 properties, and is we l positioned to transition into additional markets with its current operational structure. We bring the expertise of our seasoned operators and deep industry experience, paired with a resident-first approach and cutting-edge technology.

“Our expansion into third-party property management represents an exciting new chapter for 29th Street Living. We are bringing forward our proven expertise in multifamily property management to help property owners maximize returns while improving the quality of life for residents,” said Karen Plesh, CEO at 29th Street Living.

At the heart of this expansion is a resident-first approach supported by technology and superior service. By leveraging tools like Entrata, Tour24, and EliseAI, we streamline operations and ensure properties run efficiently, benefiting both owners and residents. With a dedicated and we l-resourced central team, we are confident that 29th Street Living wi l set a new standard for property management excellence.

For more information, visit 29SC.com.

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 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 Bi lion in assets, our culture is driven by our Mission, Vision and Values. The firm's portfolio spans across multiple states and encompasses a diverse range of property types. Learn more about 29th Street at 29SC.com.

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Media Contact: Sharie Damm: SDamm@29SC.com or 312-933-2434 - Director of Communications and Public Relations

29th Street Executive to Lead Panel at Entrata Summit 2024

sharie.damm@havenresidential.com (Sharie Damm) — Mon, 23 Sep 2024 21:41:17 GMT

29th Street Executive to Lead Panel at Entrata Summit 2024

Cronin to Discuss the Impact of Specialization in Transforming Operating Models

September 23, 2024 – 29th Street is excited to announce that Devan Cronin, Executive Vice President of Technology, will lead a panel at the prestigious Entrata Summit 2024, held in Salt Lake City, Utah. The session, titled “Beyond Centralization: Transforming the Operating Model by Embracing Specialization,” will take place on September 26, 2024, from 2:00 PM to 2:45 PM MT in Regency C.

Cronin, who brings over 15 years of experience in multifamily, student housing, and privatized military housing, is well-regarded for her ability to bridge the gap between technology and operational change management. As EVP of Technology for 29th Street and its subsidiaries, she has spearheaded the development of fully integrated platforms around property management, investment, and technology services. Cronin oversees enterprise-wide technology strategies, including the design, development, and ongoing support of the company's infrastructure, data, systems, and products. She is also a key player in driving innovation through 29th Street’s ventures arm, identifying and implementing cutting-edge technology opportunities.

The panel will explore how companies can enhance service delivery and optimize operations by shifting towards specialization, while strategically centralizing certain functions. Cronin will highlight how this operational model aligns with digital transformation trends, offering companies smoother technology implementations, standardized processes, and data-driven decision-making capabilities.

“We are thrilled that Devan will represent 29th Street and share her extensive expertise on how specialization can reshape the operating model in the property management industry,” said Robb Bollhoffer, Managing Director. “Her leadership at 29th Street has been instrumental in our ability to innovate and deliver best-in-class service to our residents, employees, and investors.”

The Entrata Summit is one of the most anticipated events in the property management technology space, bringing together thought leaders and industry experts to discuss the latest trends and innovations. Cronin’s session promises to deliver actionable insights for companies looking to stay ahead in a rapidly evolving market.

For more information about the Entrata Summit 2024 and to register for the event, visit Entrata Summit 2024 .

About 29th Street

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Media Contact: Sharie Rocker Damm

Director of Communications & PR

SDamm@29SC.com

29th Street Announces Closing on Preferred Equity Investment in Fort Worth, TX

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 05 Sep 2024 23:49:32 GMT

29th Street Announces Closing on Preferred Equity Investment in Fort Worth, TX

Chicago, IL – September 4, 2024 – 29th Street Finance proudly announces the successful completion of a $3.2 million preferred equity investment in Mystique at University Heights, a Class A, 117- unit multifamily property in Fort Worth, TX.

"We're pleased to announce the completion of our preferred equity investment in Mystique at University Heights," commented Jeff Gragnolati, Managing Principal of Preferred Equity at 29th Street. "Our borrower-focused approach, supported by simple and compliant documentation, ensures a seamless experience. This collaboration with Freddie Mac underscores our commitment to providing effective and efficient financial solutions."

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 itself, knows what works. For further information about 29th Street and its investment opportunities, please visit 29SC.com.

About 29th Street:

PRESS CONTACT

Sharie Dam m

Director of Corporate Communications and Public Relations

sharie.damm@havenresidential.com

312-933-2434

Welcome Brooks Farley, Senior Vice President of Capital Markets!

sharie.damm@havenresidential.com (Sharie Damm) — Mon, 05 Aug 2024 15:04:15 GMT

Welcome Brooks Farley, Senior Vice President of Capital Markets!

Brooks to Manage Investor Relations & Debt/Equity Solutions

Brooks joins 29th Street as our Senior Vice President of Capital Markets and is responsible for managing Investor relationships and providing Debt/Equity solutions for our projects across the country.

Prior to joining 29th Street Capital, Brooks was Senior Managing Director at Roers Companies, where he managed the firm’s investment partners for their multifamily development projects across the country. Previously, Brooks spent over 20 years advising high-net-worth Investors at CBRE, Merrill Lynch, Credit Suisse, and CrowdStreet on real estate, private equity, and alternative investments. Welcome, Brooks!

29th Street Announces Closing on Preferred Equity Investment in Murfreesboro, TN

sharie.damm@havenresidential.com (Sharie Damm) — Thu, 27 Jun 2024 17:58:48 GMT

29th Street Announces Closing on Preferred Equity Investment in Murfreesboro, TN

PRESS RELEASE

29th Street Announces Closing on Preferred Equity Investment in Murfreesboro, TN

Chicago, IL - June 26, 2024 - 29th Street Finance proudly announces the successful completion of a $5.3 million preferred equity investment in The Dylan, a multifamily property situated in Murfreesboro, TN.

"We are excited to have finalized the preferred equity investment in The Dylan," stated Jeff Gragnolati, Managing Principal of Preferred Equity at 29th Street. "Our streamlined process, featuring straightforward, agency-compliant documents, ensures a hassle-free experience for our borrowers. While working seamlessly alongside Freddie Mac, this deal exemplifies our commitment to providing efficient and effective financing solutions."

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 itself, knows what works. For further information about 29th Street and its investment opportunities, please visit 29SC.com.

About 29th Street:

Headquartered 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 across multiple states and 1 encompasses a diverse range of property types. Learn more about 29th Street at 29SC.com.

PRESS CONTACT

Sharie Damm

Director of Corporate Communications and Public Relations

sharie.damm@havenresidential.com

312-933-2434

Haven Residential Transitions to 29th Street Communities: A Seamless Evolution for Unmatched Resident Experience

sharie.damm@havenresidential.com (Sharie Damm) — Tue, 18 Jun 2024 19:26:22 GMT

Haven Residential Transitions to 29th Street Communities: A Seamless Evolution for Unmatched Resident Experience

LOUISVILLE, June 18, 2024 — In a strategic move to streamline its brand identity and better reflect its comprehensive range of services, Haven Residential is excited to announce its transformation into 29th Street Communities. This change comes as part of an overarching initiative to unite various business units under the cohesive umbrella of 29th Street.

"While our name is evolving, our commitment to providing exceptional living experiences remains steadfast," affirms Karen Plesh, CEO of Haven Residential. "Residents can expect the same superb services and dedication to community well-being that they have come to appreciate from Haven Residential. Our mission is to cultivate a thriving ecosystem where employees, residents, and investors flourish together, enhancing the quality of life for our residents, one interaction at a time."

This transition will be a gradual process over the next few weeks, ensuring a smooth and seamless experience for our valued residents.

The decision to rebrand stems from the desire to align our property management division seamlessly within the larger framework of 29th Street. "Our goal is to enhance our presence in the multi-family industry, offering an array of services that cater to the diverse needs of our residents," notes Robb Bollhoffer, Managing Principal of 29th Street.

"We are committed to nurturing a culture of respect, performance, and growth, empowering our employees to reach their full potential and contribute to our shared success."

This evolution is a thoughtful progression designed to simplify our brand architecture, reflecting our core values of entrepreneurialism, transparency, humility, integrity, collaboration and support. Residents will witness the integration of the 29th Street Communities name into their daily interactions gradually, reflecting our commitment to open communication and unwavering dedication to providing top-notch services.

"We believe in the power of collaboration and entrepreneurialism to drive innovation and seize opportunities," adds Plesh. "This transition is not just about a name change; it's about embodying our values in every aspect of our operations and interactions, ensuring we build a legacy that benefits our residents, employees, and investors."

As we embark on this exciting journey, we extend our gratitude to our residents, partners, and community members for their ongoing support. " We are confident that the transition to 29th Street Communities will fortify our position as a leader in the multi-family industry, allowing us to elevate living experiences and foster vibrant communities," adds Plesh.

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 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. Learn more about 29th Street at 29SC.com.

For further information, please contact:

Sharie Rocker Damm

Director of Corporate Communications and Public Relations

29th Street Communities

sharie.damm@havenresidential.com

312-933-2434

29sc.com

HavenResidential.com

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29SC Acquires San Antonio’s Renata on Fredericksburg Apartments Multifamily Deal is Firm’s 3rd in Metro Area

Wed, 28 Feb 2024 22:17:59 GMT

29SC Acquires San Antonio’s Renata on Fredericksburg Apartments Multifamily Deal is Firm’s 3rd in Metro Area

San Antonio (February 2024) – Privately-held real estate investment firm 29th Street Capital (29SC) has successfully acquired Renata on Fredericksburg Apartments, a significant milestone as it represents the firm’s third multifamily acquisition in the San Antonio, Texas market. Notably, this acquisition aligns with. 29SC's proactive strategy to cultivate a robust portfolio in Central Texas, underscoring the firm's commitment to strategic growth and investment in San Antonio, Austin, and Interstate 35 corridor.

Built in 1986, Renata on Fredericksburg is a Class B, 288-unit asset located in the Medical Center/USAA submarket. As part of 29SC's comprehensive capital improvement plan, the firm intends to revitalize unit interiors, incorporating stainless steel appliances, wood plank flooring, washers and dryers, and modernizing kitchens and bathrooms. Additionally, enhancements are planned for the fitness center, pool, dog park, and the overall aesthetic appeal of the property.

“We believe this project provides our investors an exceptional opportunity to participate in a discounted value-add asset in a job-centric location,” said Dan Howard, 29SC’s Senior Vice President of Acquisitions based in Austin. “This property is in the heart of the richest employment hub in San Antonio with 116,000 daytime employees within a three-mile radius.”

Renata is located at 9939 Fredericksburg Road, approximately 15 minutes from downtown and a 10-minute drive to the San Antonio International Airport. Situated nearby Interstate 10, Renata allows easy access to all San Antonio has to offer.

“San Antonio continues to be one of the nation’s fastest growing metros in the country, expanding at the third-fastest clip in the nation” said Alex Sampson, 29SC’s Vice President of Acquisitions based in San Antonio. “Within 10 minutes, residents can drive to La Canera and The Rim, a hub of shopping, dining, and entertainment,” Sampson added.

Formed in 2009, 29th Street Capital is a privately held real estate investment with 16 offices nationwide. Its current portfolio consists of more than 15,000 existing units and a development pipeline of over 3,500 units. In the last year, 29SC has acquired over 18 multifamily assets across the United States that contain over 5,000 units. The firm continues to actively pursue new opportunities. Learn more about 29th Street at 29SC.com

APRIL HARDESTY PROMOTED TO SVP OF OPERATIONS

Thu, 01 Feb 2024 17:57:38 GMT

April Hardesty Promoted To Svp Of Operations

Please join us in congratulating April Hardesty as our new Senior Vice President of Operations - West Region!

April joined 29th Street Communities as the Area Vice President overseeing the California Portfolio in 2022.

Having achieved success within this portfolio, she expanded her territory to the Colorado portfolio in August 2023. April prides herself in her ability to cultivate a strong team of leaders and places a huge emphasis on transparency and communication with her partners. April will take her incredible skillset as she embarks on her new role, with her sights set on consistency across each region.

In the SVP-West role, her portfolio will include Arizona, California, Colorado, and Texas.

Media Contact: Sharie Rocker Damm

EVP, Marketing and Communications

+1.312.933.2434 | sharie.damm@havenresidential.com

HAVEN RESIDENTIAL WELCOMES SETH KAPLAN AS SENIOR VICE PRESIDENT OF MARKETING AND COMMUNICATIONS

Tue, 16 Jan 2024 18:14:35 GMT

Haven Residential Welcomes Seth Kaplan As Senior Vice President Of Marketing And Communications

Louisville, KY (January 2024) -- We are excited to announce that Seth Kaplan has joined Haven Residential as Senior Vice President of Marketing and Communications. Seth comes to us with over a decade of multifamily marketing experience.

"It is clear Seth prides himself on his leadership, communication, and collaboration with marketing and all other departments in the multifamily space," said Karen Plesh, CEO of 29th Street Communities. "He firmly believes in getting the very best out of every player involved in various initiatives, focusing on allowing his team members to play to their strengths and feel confident in producing the very best results."

Mr. Kaplan began his multifamily career as a Marketing Coordinator at Concord Property Management in 2012. In 2017, Seth joined Pinnacle Property Management as a Regional Marketing Manager for the Southeast, where he helped support a portfolio of over 200 properties. Seth was promoted to Regional Marketing Director for the Southeast in 2018, and after Pinnacle was acquired by Cushman and Wakefield in 2020, he became Sr. Director of Marketing for the East where he oversaw marketing and leadership responsibilities for roughly 400 properties. In early 2022, Seth was elevated to Managing Director of the National Marketing team at Cushman and Wakefield, leading a team of 25+ multifamily marketers and roughly 900 properties across the United States.

Seth holds a bachelor’s degree in psychology and a master’s degree in entertainment business.

Founded in 2020, Haven Residential is the in-house full-service property management arm of 29th Street Capital, based in Chicago. Haven Residential specializes in real estate operations, revenue management, marketing and leasing, new development lease-up, sustainability, and integrated wellness. Its corporate office is based in Louisville, Kentucky.

Media Contact: Sharie Rocker Damm

EVP, Marketing and Communications

+1.312.933.2434 | sharie.damm@havenresidential.com

29th Street Capital Welcomes Jeff Day as Chief Investment Officer

corbin@multihub.io (REPLI Team) — Thu, 04 Jan 2024 16:40:08 GMT

29th Street Capital Welcomes Jeff Day as Chief Investment Officer

Chicago, IL (January 2024 ) -- 29TH Street Capital is excited to welcome Jeff Day as our Chief Investment Officer. Jeff will bring over 40 years of experience to complement our entrepreneurial passion and traditional investment philosophies while providing expert direction to our Investment Committee through unique investment strategies. In this role, Mr. Day will focus on developing and managing relationships with key clients and capital partners, expanding the scope of our investment activities, and enhancing the use of data analytics and technology in our capital deployment strategies.

"Jeff's extensive industry expertise and leadership make him a valuable addition to the 29th Street team. His wealth of knowledge, coupled with a proven track record in multifamily capital markets, aligns seamlessly with our commitment to innovation and investor success. We are enthusiastic about the fresh perspective he brings to our Investment Committee. 29th Street is honored to have him as Chief Investment Officer," said Robb Bollhoffer, Managing Principal at 29th Street Capital.

Most recently, Mr. Day served as Chief Strategy Officer of Newmark and President and Head of the firm's Multifamily Capital Markets division, building that business to over $70B in sales and debt transactions annually. Day joined Newmark in 2018 when Berkeley Point Capital was combined with ARA Newmark to create Newmark Multifamily Capital Markets. Day was CEO of Berkeley Point and predecessor companies from 2006 to 2017 and Managing Partner-Western U.S. from 2002 to 2006. Over his 40-year career, he has been involved in various investment banking, brokerage and trading activities, including capital raises, M&A, capital commitment facilities, TRUPS, CLOs, loan syndication, CMBS, distressed debt, and whole loan pool sales.

Mr. Day has served in key roles on industry boards and advisory councils, including the NMHC Board of Directors, MBA Origination Council, Artemis Real Estate Partners Advisory Board, Board of Directors of Shelters Shutters, and International Advisory Board Member of the CU Real Estate Center at the Leeds School of Business, University of Colorado. He is a past
chair of the CREFC Multifamily Forum and GSE Reform Task Force and a past member of its Board of Governors and Policy Committee. He is also a past board member and chair of the Freddie Mac Advisory Council, Fannie Mae Advisory Council, NAHB Multifamily Leadership Council and San Francisco Chronicle Citizens Advisory Board.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 16 offices nationwide. Its current portfolio consists of more than 15,000 existing units and a development pipeline of over 3,500 units. In the last year, 29SC has acquired over 18 multifamily assets across the United States that contain over 5,000 units. The firm continues to actively pursue new opportunities. Learn more about 29SC at 29SC.com.

Media Contact: Sharie Rocker Damm

EVP, Marketing and Communications

+1.312.933.2434 | sharie.damm@havenresidential.com

29th Street Capital Welcomes Alex Sampson as Vice President of Acquisitions for Central Texas

Thu, 14 Sep 2023 16:49:31 GMT

29th Street Welcomes Alex Sampson as Vice President of Acquisitions for Central Texas

Chicago, IL (September 2023) -- 29th Street Capital is pleased to welcome Alex Sampson as Vice President of Acquisitions for Central Texas. Alex is responsible for all facets of 29SC multifamily acquisitions and asset management strategies in the region.

“I am elated to be joining 29th Street Capital,” said Sampson. “This team has incredible depth of talent, and I am truly thrilled to be a part of such an innovative organization.”

Alex has over 13 years of experience in real estate acquisitions, brokerage, and management in the multi-family sector. Prior to joining 29th Street Capital, Alex served as Vice President of Client Relations at Embrey Partners, a privately held real estate investment company, where he established and managed all aspects of the acquisition platform. Before joining Embry, Alex attained the position of Vice President at Pinnacle, where he oversaw operations for its largemulti-family portfolio. Alex has also supervised the regional expansion of Alliance Residential and served in additional investment sales roles with Berkadia and Colliers International.

"Alex’s extensive background in multi-family acquisitions and his passion for real estate will truly be an asset to the Central Texas region for 29SC,” said Robb Bollhoffer, Managing Principal and Director of 29th Street Acquisitions. “We are excited to have him on our team.”

Alex is based in San Antonio, Texas, and earned his bachelor's degree in business administration from The University of Nebraska, Lincoln.

Media Contact: Sharie Rocker Damm

EVP, Marketing and Communications

+1.312.933.2434 | sharie.damm@havenresidential.com

Industry Expert Jamie Petraglia Joins a s Principal a t 29th Street Ventures, Powering Proptech Innovation

Wed, 16 Aug 2023 19:51:24 GMT

Industry Expert Jamie Petraglia Joins a s Principal at 29th Street Ventures, Powering Proptech Innovation

Chicago, LI (August 2023) - 29th Street Capital proudly welcomes Jamie Petraglia as Principal to 29SC Ventures. To this dynamic leadership role, he brings over two decades of expertise in the Financial and Proptech industries. As Principal, Petraglia will continue to shape innovation, mentorship, and entrepreneurial success at 29SC Ventures, propelling the Proptech landscape into a new era of growth.

"When we started the Ventures business unit over a year ago, there was so much tech out there we wanted to participate ni creating best-in-class products that we could use ni our portfolio," said Robb Bollhoffer, Managing Director of 29th Street Capital. "This was a win/win for our investors as well as the companies we invest in."

Before joining 29SC Ventures, Petraglia's entrepreneurial journey led him to establish White Cap Trading, which ITG later acquired. "Adding Jamie ot our team strengthens 29SC Ventures' opportunity ot further support our portfolio companies ni their journey to success," said Mark Chrisman, Managing Principal with 29SC Ventures.

Petraglia's recent roles encompass business strategy, strategic partnerships, global sales, and his significant contribution as VP of Sales at Latch, which achieved Unicorn Status upon going public in 2021.

"I'm thrilled to share my expertise with the 29SC Ventures portfolio to creatively and effectively help growing businesses push to the next level," said Petraglia. "Joining such an impressive team at 29th Street is an honor that I'm' truly excited for."

Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 16 offices nationwide. Its current portfolio consists of more than 15,000 existing units and a development pipeline of over 3,500 units. nI the last year, 29SC has acquired over 18 multifamily assets across the United States that contain over 5,000 units.

29SC Ventures, formed in 2022 and a wholly owned subsidiary of 29th Street Capital, is focused on identifying and investing in early stage Proptech and FinTech companies where we can bring 29th Street Capital's collective experience as an owner, operator, investor and founder, in addition to capital, to support our portfolio companies, while building the best-in-class technology stack ni multifamily management and ownership.

Learn more about 29SC at 29SC.com

Media Contact: Sharie Rocker Damm EVP, Marketing and Communications

+1.312.933.2434 | sharie.damm@havenresidential.com

Haven Residential Welcomes Chris Radliff as Chief Operating Officer

Wed, 09 Aug 2023 18:59:41 GMT

Haven Residential Welcomes Chris Radliff as Chief Operating Officer

LOUISVILLE, KENTUCKY (AUGUST 9, 2023) - Haven Residential, a multi-family property management services firm, has hired Chris Radliff as the company's new Chief Operating Officer.

Radliff will lead company growth, overseeing corporate functions and partnering with the chief executive officer, Karen Plesh, to strategically position Haven for continued success.

"I am thrilled to be joining the Haven Residential family," said Radliff. "The people-focused, future-forward culture is alive within this organization. It's an exciting time to join this innovative and growing team, and I Can't wait to get started."

Radliff has extensive work experience in the property management industry. Most recently, Radliff served as Vice President of Operations at Hunt Military Companies. In this role, he oversaw 11,700 units, in 20 locations across 12 states. He was responsible for the corporate and executive level oversight of the portfolio, achieving financial and operational goals, organizing, planning, developing, and implementing company-wide initiatives and programs. He has also served in various accounting, property, and regional level management positions. Radliff holds a core belief that empowered, results oriented and engaged teams increase the customer experience at all levels both inside and outside the organization.

"I am excited to welcome Chris Radliff to our leadership team," said Plesh. "His extensive experience in the industry will benefit our company as we look into the future. I can't wait to see what we accomplish together."

Radliff earned his bachelor's degree from the University of Central Missouri, with a major in accounting. in July 2020, he also obtained a certification as a Certified Property Manager from the Institute of Real Estate Management (IREM).

Founded in 2020, Haven Residential is the in-house full-service property management arm of 29th Street Capital based in Chicago. Haven Residential specializes in real estate operations, revenue management, marketing and leasing, new development lease-up, sustainability and integrated wellness. Its corporate office is based in Louisville, Kentucky. Learn more about Haven Residential at www.havenresidential.com.

Media Contact: Sharie Damm

Executive Vice President, Marketing & Communications

+1.312.933.2434 | sharie.damm@havenresidential.com

29TH STREET CAPITAL EXPANDS TO CAROLINAS; ADAM V. ROBINSON TO SOURCE MULTIFAMILY DEALS

corbin@multihub.io (REPLI Team) — Fri, 04 Aug 2023 09:36:33 GMT

29TH STREET CAPITAL EXPANDS TO CAROLINAS; ADAM V. ROBINSON TO SOURCE MULTIFAMILY DEALS

Charlotte, N.C. (July 2020) – Adam V. Robinson has joined 29 ^th Street Capital as Senior Vice President for The Carolinas. Robinson is responsible for all facets of the privately held real estate investment and advisory firm’s activity in the North Carolina and South Carolina markets and will lead all multifamily acquisitions and asset management strategies there.

Robinson has over 13 years of real estate investment, development, asset management and value-add experience across a variety of asset types, including multifamily.

“Adam brings a tremendous amount of experience to 29SC and a strong knowledge of multifamily fundamentals throughout The Carolinas,” said 29th Street Capital Managing Director Robert Bollhoffer. “He has a remarkable entrepreneurial mentality and we look forward to supporting him as we expand into this region.”

Prior to joining 29th Street Capital, Robinson was a project developer with Lat Purser & Associates working on various acquisition and development projects throughout the Carolinas. He was responsible for sourcing new deals, performing due diligence and executing the investment strategy on each asset. Before Lat Purser, he worked in the Tampa Office of Ryan Companies, a large nationwide investor and developer. Robinson previously headed acquisitions and development for Primerica Group One, focusing on multifamily and retail/mixed-use projects.

“I am excited to join the 29th Street Capital team and focus on value-add multifamily acquisitions throughout the Carolinas,” Robinson stated. “The Carolinas, including Charlotte, Raleigh-Durham and Charleston, are three of the best long-term real estate investment markets in the nation.”

In addition to sourcing and completing acquisitions, his responsibilities involve end-to-end oversight of projects including the selecting third-party management, supervising all capital projects and marketing/design plus, eventually, disposition.

Robinson obtained a business degree with a concentration in Finance from the University of Michigan. He has held professional real estate licenses in multiple states throughout his career.

Formed in 2009, 29th Street Capital is a privately held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months, 29th Street Capital has also acquired 16 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S. 29SC’s conventional multifamily portfolio currently consists of more than 10,700 units having acquired over 18,000 units across its 15 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.

HAVEN RESIDENTIAL WELCOMES JIM CURTIS AS EXECUTIVE VICE PRESIDENT OF CONSTRUCTION & FACILITIES

Mon, 10 Jul 2023 19:32:09 GMT

HAVEN RESIDENTIAL WELCOMES JIM CURTIS AS EXECUTIVE VICE PRESIDENT OF CONSTRUCTION & FACILITIES

LOUISVILLE, KENTUCKY (JULY 10, 2023) - Haven Residential, a multifamily property management services firm, has hired Jim Curtis as the company’s new Executive Vice President of Construction & Facilities. Curtis will help to manage all construction projects, maintenance performance, and will oversee the due diligence process, national accounts for material vendors, the construction team, and contractors.

"I am excited to be joining an organization committed to creating resident-centric communities that will change the standard of apartment living,” said Curtis. "I look forward to collaborating with the Haven team throughout the construction, sustainment and maintenance process to consistently deliver an elevated product our residents will love to call home.”

Curtis joins Haven Residential from a Privatized Military housing provider where he was the Vice President of Maintenance, Facilities and Safety Programs., Curtis was instrumental in developing standardized operations, maintenance, environmental and safety plans and procedures that consistently led to exceptional resident satisfaction scores across the portfolio. Prior to his most recent role, Curtis served in the US Marine Corps for 27 years as a Combat Engineer, ending his military career as the Base Facilities Chief where he was responsible for the maintenance of buildings, grounds, and infrastructure aboard the base. Curtis brings a proven track record of developing teams that perform with integrity, compassion, collaboration, and professionalism that yield high performance and satisfaction results.

“I am thrilled to welcome Jim Curtis to our leadership team,” said Karen Plesh, Chief Executive Officer. “I am confident that his extensive background and outstanding record of leadership will deliver outstanding results for Haven.”

Founded in 2020, Haven Residential is a full-service property management and professional group with experience in real estate operations, revenue management, marketing and leasing, new development lease- up, sustainability and integrated wellness. Its corporate office is based in Louisville, Kentucky and the company currently manages over 50 properties across the U.S. Learn more about Haven Residential at www.havenresidential.com.

Media Contact: Sharie Damm

Executive Vice President, Marketing & Communications

+1.312.933.2434 | sharie.damm@havenresidential.com

29SC ACQUIRES 124-UNIT SOLAIRE ON SCOTTSDALE APARTMENTS NEAR OLD TOWN SCOTTSDALE IN 21ST METRO PHOENIX ACQUISITION

Wed, 17 May 2023 19:40:12 GMT

29SC ACQUIRES 124-UNIT SOLAIRE ON SCOTTSDALE APARTMENTS NEAR OLD TOWN SCOTTSDALE IN 21ST METRO PHOENIX ACQUISITION

Tempe, AZ. (May 2023) - 29th Street Capital (29SC), a privately held real estate investment firm, acquired Solaire on Scottsdale Apartments, a 124-unit property located ni Tempe, Arizona. This asset marks the firm's 21st multifamily acquisition in the Phoenix Metro & 2nd acquisition of 2023 in the market.

Developed in 1963, Solaire on Scottsdale is a B- asset positioned in a Class A location. The community offers residents a comfortable lifestyle, with one swimming pool, an outdoor grilling and picnic area and package lockers. 29SC plans to renovate both interior units and exterior amenities. Plans include adding an outdoor game area, fire pit and dog park, upgrading the pool area, and enhancing the interiors by renovating units. Updates to the interiors involve adding smart home tech packages, hard-surface countertops, tile backsplashes and upgrading kitchen appliances, cabinetry and hardware, flooring and baseboards, bathroom mirror frames, ceiling fans, and lighting packages.

"The acquisition of Solaire on Scottsdale comes on the heels of our acquisition of Dwell Apartments just down the road and reinforces 29C's strategy of acquiring high-quality assets, in desirable locations, where we can add value to residents through upgrades and improvements," said Dusty Eddy, Senior Vice President of Acquisitions of the Southwest Region for 29SC. "Residents wil be able ot enjoy upgraded apartments with modern amenities while taking advantage of Solaire's proximity to the Old Town Scottsdale &Tempe Town Lake areas with their many entertainment options, retailers, and major employment centers."

Solaire on Scottsdale is located immediately west of Scottsdale Road on McKellips Road in north Tempe and offers unmatched reach to several of the Valley's most prominent employment centers, including Downtown Scottsdale, Tempe Town Lake, ASU, Midtown & Downtown Phoenix, and the Camelback Corridor. The local area is committed to attracting and retaining high-profile corporate names, including General Dynamics, HonorHealth, Vitalant, Yelp, Indeed, Banner Health, and Opendoor. As these employers continue ot attract well-educated residents, the area continues to be the most sought-after destination in the state for those looking to capture an all-inclusive, live, work, and play lifestyle.

The transaction closed on Wednesday, May 24th, 2023. The sale price and seller were not disclosed. Haven Residential, the property management company, will oversee management and leasing.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 16 offices nationwide. Its current portfolio consists of more than 15,000 existing units and a development pipeline of over 3,500 units. nI the last year, 29SC has acquired over 18 multifamily assets across the United States that contain over 5,000 units. The firm continues to actively pursue new opportunities. Learn more about 29SC at 29SC.com.

Deal Contact: Dusty Eddy, Senior Vice President of Acquisitions - Southwest Region 312.401.4668 / deddy@29sc.com

JUNIPER SQUARE - ROBERT BOLLHOFFER

corbin@multihub.io (REPLI Team) — Tue, 21 Mar 2023 07:31:34 GMT

JUNIPER SQUARE - ROBERT BOLLHOFFER

In this interview, Managing Director of Juniper Square, Brandon Sedloff, sat down with Robb Bollhoffer to discuss how he built his team, what 29th Street Capital is doing to maintain NOI on their 18,000 units, and what advice Robb would give to the Fed as we head further into 2023.

https://junipersquare.wistia.com/medias/qnqnahq5na

29SC ACQUIRES 310-UNIT THE WOODLANDS PROPERTY IN 18TH HOUSTON METRO ACQUISITION

corbin@multihub.io (REPLI Team) — Fri, 04 Nov 2022 07:44:05 GMT

29SC ACQUIRES 310-UNIT THE WOODLANDS PROPERTY IN 18TH HOUSTON METRO ACQUISITION

he Woodlands, Tx. (October 2022) – 29 ^th Street Capital (29SC), a privately held real estate investment firm, has acquired Montfair at the Woodlands (Montfair), a 310-unit community located in The Woodlands, Texas. This asset marks the firm’s 18 ^th multifamily acquisition in the Houston metro area.

Built in 2008, Montfair is a Class B+ asset positioned in a Class A location. The garden style community boasts luxurious amenities which include a resort-style pool, kickboxing machine located in its 24/7 fitness center, dog park, two Texan barbecue areas with gas grills, covered dining areas with grilling stations, business center with Wi-Fi and printing, private conference room, clubhouse with kitchen, billiards, and shuffleboard. Its interiors offer residents a comfortable, yet high-end lifestyle, featuring 9-foot ceilings, wood-style vinyl flooring, private patios and balconies, stainless steel appliances, central air conditioning, kitchen pantry, walk-in closets, intrusion alarm system, garbage disposal, in-unit washer/dryers, and valet trash pick-up. The firm plans to further upgrade the 310 “classic” units with the installation of granite countertops, shaker cabinets, backsplash, vinyl plank flooring in units with carpet, cabinet pulls, kitchen and bathroom faucets, showerheads, ecobee thermostats, mirror frames, ceiling fans, and lighting. The exterior of the property will be enhanced with improvements to the clubhouse, new grills, pool furniture, dog park upgrades, fitness center, and signage.

“ Montfair is a community that offers its residents true comfort and luxury,” said Doug Burt, Vice President of Multifamily Acquisitions for Houston and Dallas/Fort Worth. “The acquisition of Monfair complements 29SC’s strategy of acquiring high-quality assets where we can add value through upgrades and operational improvements in highly desirable submarkets like The Woodlands.”

Montfair is located in Houston’s The Woodlands neighborhood, a well-located area that provides easy access to a myriad of major employers, retailers, and entertainment destinations. Employers include several multinational and national corporations known as Occidental (Oxy), Chevron Phillips, Alight Solutions, and Huntsman Corporation. The healthcare industry represents 26% of the area's employment and boasts two of the top five employers. The Woodlands is projected to become the second largest medical center district in the greater Houston area, second to the Texas Medical Center. Lifestyle attractions within The Woodlands include Market Street, Waterway District, Cynthia Woods Mitchell Pavilion, Pinecroft Center, Portofino Shopping Center, and The Club Carlton Woods with two award-winning championship-level golf courses. Montfair is a short commute to the North Houston District, home to companies such as Coca-Cola, Amazon, Schlumberger, Baker Hughes, and Sysco and Nabors.

The transaction closed on Thursday, October 27th, 2022. The sale price and seller were not disclosed.

29SC’s in-house property management company, Haven Residential, will oversee the management and leasing of the property.

Formed in 2009, 29 ^th Street Capital is a privately held real estate investment firm with 16 offices nationwide. Its current portfolio consists of more than 20,000 existing units and a development pipeline of over 3,800 units. In the last year, 29SC has acquired over 21 multifamily assets across the United States consisting of over 6,300 units. The firm continues to actively pursue new opportunities.

Learn more about 29SC at www.29thstreetcapital.com .

Media Contact: Julia Eich

Director of Marketing and Communications

+1.847.977.0876 | julia.eich@havenresidential.com

29th Street Capital Approaches Grand Opening of Historic Louisville Property – Maven @ 806

corbin@multihub.io (REPLI Team) — Fri, 04 Nov 2022 07:42:38 GMT

29TH STREET CAPITAL APPROACHES GRAND OPENING OF HISTORIC LOUISVILLE PROPERTY – MAVEN @ 806

Louisville, KY (July 2022) – Privately-held real estate investment firm 29 ^th Street Capital (29SC) continues to push forward on the total renovation of a nearly 200-year-old church, now known as Maven @ 806.

29SC originally purchased the property in 2018 and has since renovated in phases, with Phase I including all 39 units and hallways as well as enhancements to the surrounding courtyard buildings. Phase II of renovations includes further courtyard enhancements, rebuilding the property’s 150-foot steeple, adding 14 newly constructed units within the sanctuary itself, a mailroom, gym, and a management/leasing office.

“It was important to us to maintain the historic integrity of this property,” said Josh Lindley, Senior Vice President of Acquisitions & Haven Residential. “Our construction teams were able to salvage many of the original fixtures/Frescos and lumber from the formerly abandoned sanctuary, including using the original oak as trim on windowsills. This property is a designated Louisville landmark, and we’re proud of adding such a historic piece to our Louisville portfolio.”

Originally built in 1867, 29SC plans to continue to salvage and enhance as much of the original construction as possible. Maven @ 806 will offer a high-end living experience for residents within the Phoenix Hill and Greater Nulu (New Louisville) area. Its grand opening is expected to take place on Wednesday, November 9th.

Maven @ 806 is located at 806 E. Chestnut Street, Louisville, Kentucky. Otherwise known as The East Market, Nulu has become known for its unique art galleries, historic attractions, specialty stores, antique shops, and growing number of local restaurants. The property’s location gives easy access to major Interstates 64, 65, and 71. With 20+ employers in the healthcare sector, Louisville is at the forefront of the nation’s healthcare. Nationally recognized Fortune 500 companies Humana and Kindred Healthcare are headquartered in Louisville and hire a steady stream of IT and healthcare professionals in high-paying positions. These employers’ presence in Greater Louisville brings stable demand for apartment housing and is an immeasurable economic driver for the success of the multifamily market.

29SC’s in-house property management company, Haven Residential, is also headquartered in Louisville and will oversee management and leasing. Haven manages over 20,000 units in 17 States with over 400 employees.

Formed in 2009, 29 ^th Street Capital is a privately held real estate investment firm with 17 offices nationwide. Its current portfolio consists of more than 20,000 existing units and a development pipeline of over 3,800 units. In the last year, 29SC has acquired over 30 multifamily assets across the United States that contain over 7,600 units. The firm continues to actively pursue new opportunities.

Learn more about 29SC at www.29thstreetcapital.com .

Media Contact: Sharie Rocker Damm

Director of Marketing and Communications

+1.312.933.2434 | sdamm@29sc.com

Haven Residential Welcomes Eric Skeeter, CPM as Chief Operating Officer

corbin@multihub.io (REPLI Team) — Thu, 27 Oct 2022 07:51:34 GMT

HAVEN RESIDENTIAL WELCOMES ERIC SKEETER, CPM AS CHIEF OPERATING OFFICER

Louisville, KY- Haven Residential, a multifamily property management services firm, has hired Eric Skeeter, CPM as the company’s new chief operating officer (COO). Skeeter will lead company growth, overseeing corporate functions and partnering with the chief executive officer (CEO) Karen Plesh, CPM to strategically position Haven for continued success.

As a 30-year veteran of the multifamily industry, Skeeter has held several positions throughout his career. Most recently, he served as the vice president of property management at Management Services Corporation and senior director of operations at Hunt Companies. Skeeter has managed A, B, and C-grade residential real estate for third-party institutional owners, national real estate investment trusts, and privatized military housing. His areas of expertise include new construction lease-ups, multimillion dollar renovations, repositions, property acquisitions and dispositions, and asset due diligence.

“I am thrilled to welcome Eric Skeeter as the new chief operating officer to Haven Residential,” said Plesh, who was the company’s former COO. “Eric is a highly respected industry veteran who brings a wealth of experience and a leadership mindset. I am confident in his complex problem-solving skills, and his intense commitment to performance and results.”

"I am looking forward to bringing my multifamily real estate background to Haven," said Skeeter. "I see great potential and significant growth opportunities ahead, and I'm thrilled to be part of such a talented and dedicated team."

Skeeter earned his bachelor’s degree in Business and Marketing from Towson University, and he is a Certified Property Manager with the Institute of Real Estate Management. As a resident of Chesapeake, Virginia, Skeeter gained the bulk of his experience in the Washington, DC metropolitan area.

Founded in 2020, Haven Residential is a full-service property management and professional group with experience in real estate operations, revenue management, marketing and leasing, new development lease-up, sustainability and integrated wellness. Its corporate office is based in Louisville, Kentucky and the company currently manages over 50 properties across the U.S. Learn more about Haven Residential at www.havenresidential.com .

Media Contact: Julia Eich

Director of Marketing and Communications

+1.847.977.0876 | julia.eich@havenresidential.com

29SC ACQUIRES 196-UNIT SANDY SPRINGS PROPERTY IN 13TH ATLANTA METRO ACQUISITION

corbin@multihub.io (REPLI Team) — Fri, 07 Oct 2022 07:55:10 GMT

29SC ACQUIRES 196-UNIT SANDY SPRINGS PROPERTY IN 13TH ATLANTA METRO ACQUISITION

Sandy Springs, Ga. (September 2022)– Privately held real estate investment firm 29th Street Capital (29SC) has acquired River Vista Apartments in Sandy Springs, Georgia. This marks the firm’s 13th multifamily acquisition in the Atlanta metro area.

Built in 1996, River Vista Apartments is a 196-unit, Class B+ asset. This pet-friendly community includes a resort-style pool with an outdoor kitchen, 24-hour fitness center, dog park and playground. Additionally, its spacious unit interiors feature garden-style bathtubs, hardwood-style flooring, built-in shelving, private patios with additional storage, wood-burning fireplaces in select units, washer and dryer connections in all units and split room layouts in all two-bedroom units. 29SC plans to renovate the property exteriors with new paint accents, landscape enhancements, a new sign package, new LED lights throughout, updated pool furniture, a new picnic area and a refreshed dog park. The existing unit renovation program will be continued with unrenovated units receiving new cabinet fronts, quartz countertops, kitchen backsplashes, new faux wood plank flooring and a new appliance, light and plumbing fixture package.

29SC’s in-house property management company, Haven Residential, will oversee management and leasing.

“River Vista is a terrific addition to our Atlanta portfolio. Sandy Springs is a highly desirable area with its proximity to extensive employment opportunities, great schools and highly priced single-family homes,” said Javier Bustillo, Senior Vice President of Acquisitions of the Southeast Region for 29SC. “River Vista checks all of the boxes for what we are trying to accomplish currently. Its proven value-add profile combined with the large units in a high-growth area with an extremely limited supply pipeline allows 29SC to create value and take advantage of efficiencies created by owning two other assets nearby.”

Only six miles from River Vista is State Farm’s new 2.2MM square feet Park Center campus. The new campus features three 20-story buildings, a 175-room hotel, 100,000 square feet of retail, a restaurant and entertainment space. It is designed for active access with a connection point to the MARTA pedestrian bridge for easy commuting. State Farm plans to hire 1,500 employees and will also lease about 585,000 square feet of available office space. “Pill Hill,” an area that garners the largest concentration of medical office space in the Southeast, is located only 15 minutes from the community. With 24,000 jobs and a $3 Billion annual economic impact, this high concentration of medical titans further enhances the submarket’s ability to attract highly skilled jobs, corporate headquarters, and affluent residential neighborhoods.

The transaction closed on Friday, September 30th, 2022. The sale price and seller were not disclosed.

In the last year, 29SC has acquired over 20 multifamily assets across the United States that contain over 6,000 units. The firm continues to actively pursue new opportunities.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 16 offices nationwide. Its current portfolio consists of more than 20,000 existing units and a development pipeline of over 3,800 units. Learn more about 29SC at www.29thstreetcapital.com .

Media Contact: Sharie Rocker Damm

Executive Vice President, Marketing and Communications

+1.312.933.2434 | sdamm@29sc.com

29TH STREET CAPITAL WELCOMES JESSE MAAS AS THEIR NEW VICE PRESIDENT OVER THE PACIFIC NORTHWEST

corbin@multihub.io (REPLI Team) — Wed, 14 Sep 2022 09:24:12 GMT

29TH STREET CAPITAL APPROACHES GRAND OPENING OF HISTORIC LOUISVILLE PROPERTY – MAVEN @ 806

Portland, Oregon (August 2022) – 29th Street Capital (29SC) has announced the hiring of Jesse Maas as their new Vice President over the Pacific Northwest. In his role as Vice President—Pacific Northwest, Maas will be responsible for the management and operations of the region, including the direct oversight of acquisitions, development, asset management, and dispositions.

“I've known Jesse for years,” said 29th Street Capital's Managing Principal Robert Bollhoffer. “His expertise is greatly valued within 29SC and we’re confident in his leadership over the region.”

Maas brings over 20 years of experience in the Real Estate Investing and Technology industries to 29SC. Prior to joining, Maas held titles such as Managing Director - Capital Markets for CrowdStreet; Co-Founder and President of Summit Multifamily Group; Vice President of Acquisitions for Lamar Companies; Director of Acquisitions for AIMCO; and Product Manager for Amazon.com.

“The choice to join the 29SC team was clear,” said Maas. “The industry-leading track record, high caliber team, hands on approach, and growth potential are just a few of the reasons why I’m excited to be a part of the team.”

Maas holds securities licenses Series 79 (Investment Banker), Securities Industry Essentials (SIE), as well as a Bachelor’s magna cum laude and MBA with concentration in Real Estate. He will be based in the Portland, Oregon area.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm headquartered in Chicago that focuses on core plus, value-add, and development opportunities of multifamily assets. The company has acquired 135 properties totaling nearly 30,000 units with total capitalization of over $5.4 billion across its 16 offices throughout the U.S.

Investments typically require $10 million to $200 million of equity and involve the acquisition or recapitalization of individual assets or portfolios.

For more information, visit 29SC.com .

29SC ACQUIRES 168-UNIT ARIZONA PROPERTY

corbin@multihub.io (REPLI Team) — Wed, 14 Sep 2022 09:22:57 GMT

29SC ACQUIRES 168-UNIT ARIZONA PROPERTY

29SC Acquires 168-unit Arizona Property in

17 ^th Metro Phoenix Acquisition

Phoenix, Ariz. (September 2022) – Privately held real estate investment firm 29th Street Capital (29SC) has acquired Cala Paradise Valley Apartments in Phoenix, Arizona. This marks the firm’s 17 ^th multifamily acquisition in the Phoenix metro area.

Built in 1983, Cala Paradise Valley Apartments is a 168-unit, Class B property. The community includes a resort-style pool and spa, fully-equipped fitness center and outdoor BBQ’s and amenity areas. The community improvement plan includes installing stainless-steel appliances, quartz countertops, new cabinet fronts and smart technology packages in the residential units. The firm also plans enhancements to the outdoor amenity spaces as well as fresh exterior paint and expanded patios.

29SC’s in-house property management company, Haven Residential, will oversee management and leasing.

“Cala Paradise Valley is located in a Class A, institutional-quality location adjacent to the highly desirable Paradise Valley area of Phoenix. The property is conveniently located in the heart of the neighborhood’s retail and commercial corridor and within walking distance to the former Paradise Valley Mall which has been razed and set for a brand new re-development which will further enhance the already great area,” said Dusty Eddy, Senior Vice President of Acquisitions of the Southwest Region for 29SC. “Residents will be able to enjoy our upgraded apartments with modern amenities, within walking distance to many great retail and entertainment options and just a short commute to major employment centers.”

The community is situated just off Hwy 51, offering easy access to the Camelback/Biltmore office and retail corridor, as well as Midtown and Downtown Phoenix. Just north on Hwy 51 is the Deer Valley & Desert Ridge areas, home to Mayo Clinic, American Express & JW Marriott Resort. To the east is the North Scottsdale Airpark area, home to Go Daddy, Honor Health, Vanguard & Merrill Lynch and average home prices exceeding $1.6MM.

The transaction closed on Thursday, September 8, 2022. The sale price and seller were not disclosed.

In the last year, 29SC has acquired over 20 multifamily assets across the United States that contain over 6,000 units. The firm continues to actively pursue new opportunities.

Formed in 2009, 29 ^th Street Capital is a privately held real estate investment firm with 16 offices nationwide. Its current portfolio consists of more than 17,000 existing units and a development pipeline of over 3,800 units. Learn more about 29SC at www.29thstreetcapital.com .

Deal Contact: Dusty Eddy, Senior Vice President of Acquisitions – Southwest Region

+1.312.401.4668 | DEDDY@29SC.COM

HAVEN RESIDENTIAL PROMOTES KAREN PLESH, CPM TO CHIEF EXECUTIVE OFFICER

corbin@multihub.io (REPLI Team) — Mon, 15 Aug 2022 09:25:05 GMT

HAVEN RESIDENTIAL PROMOTES KAREN PLESH, CPM TO CHIEF EXECUTIVE OFFICER

Louisville, KY- Haven Residential, an innovative and experienced full-service property management and professional group, announced the appointment of Karen Plesh as President and Chief Executive Officer effective immediately. Plesh previously held the position of Chief Operations Officer with Haven Residential since March of 2022.

Plesh brings over 25 years of experience in the multifamily industry, leading teams of executives and department heads through the implementation and execution of strategic business plans to improve performance while maintaining operational excellence.

“I’m honored to step in the role of CEO at Haven Residential,” said Plesh when asked about the new position. “The culture and passion in our company is unlike any other, and the future of Haven Residential is bright.”

In her most recent role as COO of Haven Residential, Plesh excelled at implanting innovative strategies, establishing competitively attractive value propositions, and enhancing customer loyalty while maximizing efficiencies and productivity.

“It was clear that Karen was ready to step into the role of CEO of Haven Residential,” said Robb Bollhoffer, Managing Principal and Director of Acquisitions of 29 ^th Street Capital. “The role needs someone versatile, innovative, and passionate, and Karen’s strengths made it a choice we were confident in. The future of Haven Residential is promising as is, and even more promising with her leading them forward.”

Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 16 offices nationwide. Its current portfolio consists of more than 16,000 existing units and a development pipeline of over 20,000 total units. Learn more about 29SC at www.29thstreetcapital.com .

Plesh holds a B.S. degree in Marketing and Management from Siena College in Upstate, NY, and earned a master’s degree in Organizational Leadership at Cabrini College in Radnor, PA. She holds a CPM designation from the Institute of Real Estate Management and served as an executive board member and President for the Eastern Chapter of the Pennsylvania Apartment Association.

Founded in 2020 Haven Residential is a full-service property management and professional group with a wealth of industry experience in real estate operations, revenue management, marketing and leasing, new development lease-up, sustainability and integrated wellness. Its corporate office is based in Louisville, Kentucky and currently manages over 50 properties across the U.S. Learn more about Haven Residential at www.havenresidential.com .

Media Contact: Sharie Rocker Damm

Director of Marketing and Communications

+1.312.933.2434 | sharie.damm@havenresidential.com

29TH STREET CAPITAL WELCOMES PAUL MELKUS AS CHIEF FINANCIAL OFFICER, HEAD OF CAPITAL MARKETS

corbin@multihub.io (REPLI Team) — Thu, 04 Aug 2022 09:26:27 GMT

29th Street Capital Welcomes Paul Melkus as Chief Financial Officer, Head of Capital Markets

Chicago, Illinois (August 2022) – Paul Melkus has joined 29th Street Capital (29SC) as Chief Financial Officer (CFO) and Head of Capital Markets. In this role, Melkus is responsible for company financials, investor reporting, institutional investor relations, banking and treasury management and acquisition execution for the 29 ^th Street Capital team.

“Paul brings an extensive wealth of knowledge from his experience in many facets of the real estate industry” said 29SC’s Managing Principal Robb Bollhoffer. “As we continue our growth initiatives, the 29 ^th Street Capital team is confident that his experience will accelerate our forward momentum.”

Melkus has been in the real estate industry for over 35 years. His primary focus has been on capital markets, asset management, and finance. Previously, he has held the CFO position for a public REIT and served on its Board of Directors. Additionally, Melkus held the role of Global Head of Capital Markets for the Abu Dhabi Investment Authority’s real estate team and served as a senior member of their investment committee.

“I am really pleased to be a part of a team with so much growth potential, top-tier returns to investors, and so many dedicated experienced professionals.” said Melkus. “29 ^th Street Capital is innovative, fast-paced, and dedicated to its investors. I’m excited to be part of this successful team.”

Melkus earned his BA in Economics and Management at DePauw University and earned his Master of Science from the University of Wisconsin’s Real Estate Finance and Urban Economics program. He will be based in Chicago, Illinois.

Media Contact:

Sharie Rocker Damm

EVP, Marketing and Communications

sdamm@29SC.com | 312.933.2434

29SC ACQUIRES 228-UNIT JOHNSON COUNTY PROPERTY IN THIRD KANSAS CITY METRO ACQUISITION

Wed, 03 Aug 2022 09:27:42 GMT

29SC Acquires 228-unit Johnson County Property in third Kansas City Metro Acquisition

Kansas City, Mo. (August 2022) – Privately held real estate investment firm 29th Street Capital (29SC) has acquired Greenwood Reserve Apartments (GRA) in Lenexa, Kansas. This marks the firm’s 3rd multifamily acquisition in the Kansas City Metro Area.

Built in 2016, Greenwood Reserve is a 228-unit, Class A- property.

The community offers luxury finishes which include a resort-style, saltwater pool, outdoor grill and firepit area, state-of-the-art fitness center and yoga studio, cybercafe and business center, clubroom, walking trail, attached garages with breezeway access, and a spacious dog park. 29SC plans to make unit interior renovations which will include smart home upgrades which include smart thermostats, smart locks, and USB plugs. These upgrades along modern backsplashes, lighting and fixture replacements, pool and grill area upgrades, and dog park enhancements will provide a living standard unique to 29SC properties.

29SC’s in-house property management company, Haven Residential, will oversee management and leasing.

“The location of Greenwood Reserve is ideal for access to major employment opportunities, top-rated schools, and endless retailers,” said Josh Lindley, Vice President of Acquisitions of the Midwest Region for 29SC. “Its location couldn’t be more suited for those who want a comfortable and exciting area. We’re thrilled to combine this prime location with 29SC’s luxury living standard. Greenwood Reserve will truly be a property unique to 29SC.”

The property is in the Johnson County Submarket, a community in the Kansas City Metro Area. Its vibrant population reflect a high-quality of life with convenient access to areas such as Renner Boulevard, an emerging economic center that is home to several of the area’s largest employers. It features a heavy concentration of high-paying jobs in the biosciences and engineering sectors, including Quest Diagnostics, PRA Health Sciences, and Kiewit Power Engineers. There are several large office parks along or near Renner Boulevard, including Lenexa Logistics Centre, Renner Ridge Corporate Center, and Renner Commerce Center

The transaction closed on May 2nd, 2022. The sale price and seller were not disclosed.

In the last year, 29SC has acquired over 29 multifamily assets across the United States that contain over 7,200 units. The firm continues to actively pursue new opportunities.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 16 offices nationwide. Its current portfolio consists of more than 19,000 existing units and a development pipeline of over 3,800 units. Learn more about 29SC at www.29SC.com .

Media Contact: Sharie Rocker Damm

Executive Vice President, Marketing and Communication

+1.312.933.2434 | sdamm@29SC.com

For investment inquiries, contact: Robb Bollhoffer, Managing Principal

29th Street Capital 312.933.2668 | rbollhoffer@29thstreetcapital.com

29SC ACQUIRES MULTIFAMILY COMMUNITY IN COLORADO; DEAL MARKS THE FIRM’S 12TH IN DENVER METRO AREA

Mon, 20 Dec 2021 09:30:47 GMT

29SC ACQUIRES MULTIFAMILY COMMUNITY IN COLORADO; DEAL MARKS THE FIRM’S 12TH IN DENVER METRO AREA

Aurora, Colo. (December 2021) – Privately held real estate investment firm 29th Street Capital (29SC) has acquired a luxury, garden-style apartment community in Aurora, Colorado for $104 million. The purchase of Peakline at Copperfield marks the firm’s 12th acquisition in the Denver, Colorado metro area and the third in the Aurora submarket.

Peakline at Copperfield, completed just this year, is a 266-unit, Class A+ property that offers thoughtfully planned community spaces and deluxe amenities such as a resort-inspired pool and spa, a state-of-the-art fitness center, and a clubhouse cafe with beer and wine on tap. Peakline offers a unique environment, attracting new residents to one of the fastest-growing neighborhoods in the Denver metropolitan area.

29SC’s in-house property management company, Haven Residential, will oversee management and leasing.

“The luxury standard has been raised at Peakline,” said Rob Gersch, Senior Vice President of Acquisitions for the Rocky Mountain Region at 29SC. “High-end finishes and smart technology packages will allow our residents to feel as though they are living in a custom home, but with all the convenience and amenities of an apartment community."

“Peakline is a terrific addition to our growing catalog of luxury assets,” Gersch continued. “We have had great success in the southeast Aurora submarket and are thrilled to be able to bolt-on another A+ property to our portfolio.”

The Aurora submarket, an attractive location for residents, is home to major employment hubs such as the Southeast Business Corridor, Fitzsimons Medical District and the Buckley Air Force Base. Peakline is in the Cherry Creek School District, which is in the Top 5 in Colorado.

Peakline is in Copperleaf, the largest master-planned community in Arapahoe County. Copperleaf spans over 850 acres and includes 90,000 square feet of retail space. Peakline residents are also a five-minute drive from the Southlands mall and 15 minutes from Park Meadows Mall.

In the last year, 29SC has acquired over 24 multifamily assets across the United States that include over 5,600 units. The firm continues to actively pursue new opportunities.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 18 offices nationwide. Its current portfolio consists of more than 17,000 existing units and a development pipeline of over 3,500 units. Learn more about 29SC at www.29thstreetcapital.com .

+1.203.430.9713 | sdoheny@29thstreetcapital.com

29SC HIRES EXPANDS DEVELOPMENT INTO THE SOUTHWEST, HIRES JEFF CURRAN

Mon, 01 Nov 2021 09:51:44 GMT

29SC HIRES EXPANDS DEVELOPMENT INTO THE SOUTHWEST, HIRES JEFF CURRAN

Phoenix, Ariz. (October 2021) – 29th Street Capital (29SC) has hired Jeff Curran as the Senior Vice President of Development. In this role, Curran will be responsible for expanding the firm’s development footprint into Arizona, Nevada and beyond.

Prior to joining 29SC, Curran held senior executive roles with national and international consulting firms. With over 30 years of experience in real estate development, consulting, construction and acquisitions, Curran has managed multimillion-dollar development projects both as an owner and as a consultant.

Curran began his career as a civil engineer and has progressed through decades of successful development projects. His expertise encompasses large projects in commercial, industrial, and both single family and multifamily developments.

“Jeff is focused on 29SC’s expansion and growth into the Southwest,” said Managing Director Robb Bollhoffer. “His vast experience in development and acquisitions makes him a perfect fit for this role. We are excited for Jeff to utilize his skillset to grow our portfolio.”

“I’m humbled to be joining a group of incredibly talented professionals who are so committed to excellence,” Curran said. “The culture the 29th Street Capital team has established is a testament to the vision of its leaders and passion of their entire team. I’m excited to join this team and help drive growth in the Southwest.”

Curran holds a Master of Science and Bachelor of Science in Civil Engineering. He attended the University of Washington. Curran is also registered as a Professional Civil Engineer.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm that focuses on the acquisition and development of multifamily assets. Its current portfolio consists of more than 17,000 existing units and a new construction pipeline of over 3,500 units, having acquired over 25,000 units across its 17 offices in the U.S. Learn more about 29SC at www.29thstreetcapital.com .

Media Contact: Siobhan Doheny, Director of Marketing and Communication

+1.203.430.9713 | sdoheny@29thstreetcapital.com

29TH STREET CAPITAL HIRES SEASONED DEVELOPMENT EXECUTIVE, JOHN KITSON, TO LEAD NATIONAL TEAM

Mon, 04 Oct 2021 09:57:18 GMT

29TH STREET CAPITAL HIRES SEASONED DEVELOPMENT EXECUTIVE, JOHN KITSON, TO LEAD NATIONAL TEAM

Chicago, Illinois (October 2021) – 29th Street Capital (29SC) is pleased to announce that John Kitson has joined the firm as the Executive Vice President of Development. In this role, Kitson will oversee for all development and construction activities, from pre-development through implementation.

Prior to joining 29SC, Kitson was the Senior Vice President of Development at CA Ventures. He managed the multifamily vertical, overseeing more than 30 developments throughout the US. Previously, Kitson worked as an architect and associate at Perkins + Will, where he completed several large scale domestic and international projects. His architectural background includes office, mixed-use developments, education, federal and healthcare projects.

“Kitson is focused on expanding and strengthening the firm’s development vertical. His extensive experience and leadership in architecture and real estate make him an excellent addition to the team,” said 29SC’s Managing Director Robb Bollhoffer. “We are confident that Kitson will maximize the value of our development assets for our investors and improve our team.”

“I am excited to be a part of this vibrant, growing team of professionals,” Kitson said. “We already see successful development projects in 29th Street’s existing portfolio, I look forward to expanding our footprint in additional opportunity markets to develop best in class assets with this top-tier team.”

John earned a BA (with honors) in Architecture from Birmingham City University in Birmingham, England, and an International Master of Architecture from the University of Huddersfield in Huddersfield, England. He is also a licensed Architect and a LEED accredited professional.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm that focuses on acquisition and development of multifamily assets. Its current portfolio consists of more than 15,000 existing units and a new construction pipeline of over 3,500 units, having acquired over 25,000 units across its 16 offices in the U.S. Learn more about 29SC at www.29thstreetcapital.com .

Media Contact: Siobhan Doheny, Director of Marketing and Communication

+1.203.430.9713 | sdoheny@29thstreetcapital.com

29SC ACQUIRES $134 MILLION LUXURY MULTIFAMILY COMMUNITY; ACQUISITION MARKS NEW STRATEGY

Tue, 22 Jun 2021 12:14:42 GMT

29SC ACQUIRES $134 MILLION LUXURY MULTIFAMILY COMMUNITY; ACQUISITION MARKS NEW STRATEGY

Aurora, Colo. (June 2021) – Privately-held real estate investment firm 29th Street Capital (29SC), has acquired Parq at Iliff Station, a 424-unit, Class A+ luxury apartment community located in the Southeast Aurora submarket of Denver, for $134 million. Parq is 29SC’s 11th multifamily acquisition in the Denver area, totaling nearly 1,500 units. Haven Residential, 29SC’s in-house property management group, will manage the community.

29SC, which has primarily focused on value-add multifamily acquisitions, has launched a core plus strategy focusing on newer, larger and higher-quality assets where an additional upside can be captured through management efficiencies, energy savings programs and improving market conditions. Parq represents 29SC’s first acquisition of this size and scale, marking the firm’s entry in into the core plus market.

“Our proven track-record and bolt-on acquisition approach is what allows us to step up to projects of this caliber,” said 29SC Managing Principal Robb Bollhoffer. He continued, “We are able to provide improved service to the community and as a result, additional value to both our residents and investors.”

Built in 2018, Parq offers spacious units and luxury amenities. 29SC’s improvement plan includes new smart-home technology packages, upgrading interior finishes and adding additional amenities throughout the community.

“The Southeast Business Corridor of the Aurora submarket gives residents convenient access to an abundance of high paying jobs across a variety of industries,” said Rob Gersch, Senior Vice President of Acquisitions and Development for 29SC in Colorado and Utah. “Consistently strong levels of population migration, a favorable income tax rate, and a diverse, highly-educated workforce are all contributing factors to Denver being one of the fastest-growing metropolitan cities in the mountain region.”

Parq at Iliff Apartments is located at 2602 S. Anaheim Street in Aurora, 11 miles southeast of downtown Denver. Parq offers a convenient location for its residents, with direct access to the RTD Iliff Station, which allows easy access to downtown Denver, Denver International Airport, Fitzsimons Medical Campus, the Denver Tech Center and the entire Southeast Business Corridor.

The property was financed with a fixed rate Life Company loan arranged by Brian Eisendrath and Cameron Chalfant of CBRE. The transaction closed Thursday, June 3. The name of the seller was not released.

In the last year, 29SC has acquired 18 conventional multifamily assets and over 4,000 units throughout the U.S. The firm continues to actively pursue additional opportunities, especially newer vintage and Class-A properties.

Media Contact: Siobhan Doheny, Director of Marketing and Communication

+1.203.430.9713 | sdoheny@29thstreetcapital.com

29SC ACQUIRES DOWNTOWN LOUISVILLE ARTSPACE BUILDING TO REDEVELOP AS APARTMENTS

corbin@multihub.io (REPLI Team) — Wed, 02 Jun 2021 06:21:20 GMT

29SC ACQUIRES DOWNTOWN LOUISVILLE ARTSPACE BUILDING TO REDEVELOP AS APARTMENTS

Louisville, Ky. (May 2021) – Privately-held real estate investment firm 29th Street Capital (29SC) announces the acquisition of The ArtSpace building – a vacant, 10-story office building located in downtown Louisville. The project marks the firm’s first adaptive reuse redevelopment, which will transform the office space into 45 one- and two-bedroom apartments. The property was built in 1925 and is connected to the historic Brown Hotel and Theatre. Haven Residential, 29SC’s in-house property management company, will oversee management and leasing.

The 46,000-square-foot property is in the heart of one of Louisville’s Qualified Opportunity Zones (QOZ). By developing in a QOZ, 29SC is investing in underserved communities, generating economic growth and providing tax benefits to investors and equity partners.

“This is a Class A location, soon to be home of Class A apartments,” said 29SC Senior Vice President of Acquisitions, and Louisville local, Josh Lindley. “Located between the Brown Hotel and Brown Theatre, we will be providing quality homes to Louisville residents that neighbor two of the city’s most historic and beloved landmarks.” He continued, “Upon completion, ArtSpace will offer the best amenity in Louisville: its Class A location. Residents will be able to enjoy an Original Hot Brown at the hotel before catching their favorite performers at the theater.”

ArtSpace is located at 323 W. Broadway, 1.5 miles from the University of Louisville and 0.5 miles from a major medical hub. There is over 18 million square feet of office space within a one-mile radius of the building.

29SC Managing Principal Robb Bollhoffer describes the project as a “rare opportunity to invest in both an underserved community as well as a historic building. With zero multifamily units under construction in downtown Louisville, these apartments will provide new homes for the steadily growing population.”

Construction is slated to begin in Summer 2021 and last 16 months. The first units are expected to be delivered within 12 months. The project plan includes the development of 47 units, improving and adding to the amenity offerings, and upgrading the lobby, windows and roof. The new units will granite countertops, stainless steel appliances, wood plank flooring and in-unit washer and dryers.

The transaction between 29SC and seller, The Fund of the Arts, closed Friday, May 21st.

In the last year, 29SC has acquired 16 conventional multifamily assets and over 4,000 units throughout the U.S. The firm continues to actively pursue additional opportunities.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm that focuses on value-add and development of multifamily assets. The current portfolio consists of more than 15,000 units, having acquired over 25,000 units across its 16 offices in the U.S. Investments typically require approximately $25 million to $200 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios, or platforms. Learn more about 29SC at www.29thstreetcapital.com .

29SC ACQUIRES HOUSTON’S LINCOLN MEDICAL CENTER APARTMENTS MULTIFAMILY DEAL IS FIRM’S 13TH IN METRO AREA

corbin@multihub.io (REPLI Team) — Wed, 02 Jun 2021 06:14:19 GMT

29SC ACQUIRES HOUSTON’S LINCOLN MEDICAL CENTER APARTMENTS MULTIFAMILY DEAL IS FIRM’S 13TH IN METRO AREA

Houston (May 2021) – Privately-held real estate investment firm 29th Street Capital (29SC), has acquired Lincoln Medical Center Apartments. The purchase marks the firm’s 13 ^th multifamily acquisition in the Houston metro area, totaling nearly 4,000 units in the market.

Built in 1990, Lincoln Medical Center Apartments is a Class B, 224-unit asset located in the Med Center/Braes Bayou submarket of Houston. 29SC plans on re-branding the asset as “Helix at Med Center.” In addition, it will refresh the leasing office and amenities at the property.

29SC’s in-house property management group, Haven Residential, will oversee the management and leasing at Lincoln Medical Center Apartments.

“We believe this investment represents a unique opportunity to buy an undervalued, institutional-quality asset in a high-growth submarket in Houston,” said Doug Burt, 29SC’s Vice President of Acquisitions based in Houston. “The Texas Medical Center is currently undergoing a tremendous expansion and the apartment supply pipeline will be minimal in the near future.”

Lincoln Medical Center Apartments is located at 7200 Almeda Road, approximately 5 miles south of downtown Houston. The convenient location just south of downtown Houston allows for easy access to the Texas Medical Center, Greenway Plaza, Galleria/Uptown District, and other retail and entertainment options.

“There is over $3 billion of life sciences-oriented development within a three-mile radius of Lincoln Medical Center,” Burt added. The new TMC ³ project, a $1.5 billion life sciences and research development center, will deliver in 2022 and add 26,000 high quality jobs in the immediate area. Additionally, Hines Development has broken ground on a 52-acre life-sciences oriented mixed-use development just one mile east of LMC. The employment boom, combined with continued population growth, will benefit the asset moving forward.

The transaction closed Thursday, May 20th. Neither the seller nor the sale price was released.

In the last year, 29SC has acquired 17 conventional multifamily assets and over 4,000 units throughout the U.S. The firm continues to actively pursue additional opportunities.

29SC EXPANDS MULTIFAMILY PORTFOLIO TO KANSAS CITY, ACQUIRES 79 METCALF APARTMENTS

corbin@multihub.io (REPLI Team) — Fri, 07 May 2021 06:28:17 GMT

29SC EXPANDS MULTIFAMILY PORTFOLIO TO KANSAS CITY, ACQUIRES 79 METCALF APARTMENTS

Overland Park, Kan. (May 2021) – Privately-held real estate investment firm 29th Street Capital (29SC) has acquired 79 Metcalf Apartments in Overland Park, Kansas. The purchase marks the firm’s first multifamily acquisition in the Kansas City metro area.

Built in 1984, 79 Metcalf Apartments is a 280-unit Class C community. 29SC’s capital improvement plan includes a full renovation of all units, enhancing amenities and installing new exterior siding.

29SC’s in-house property management service, Haven Residential, will oversee management and leasing.

“We believe this investment represents a unique opportunity to capitalize on the asset’s location in one of the most sought-after submarkets in Kansas City while also upgrading and repositioning it,” said 29SC’s Senior Vice President of Acquisitions Josh Lindley. “Overland Park has strong market fundamentals with a projected population increase of 5.4% and median income growth of 14.2% over the next five years. Demand in the submarket is driven by access to large employment centers, walkable downtown entertainment options, and easy access to outdoor activities.”

79 Metcalf Apartments is located at 7843 Riley St., about 10 miles southwest of downtown Kansas City. It is conveniently situated among large employment centers. The walkable downtown location features several dining options, retailers and parks just a few blocks away. Additionally, several walking and biking trails – as well as the Oak Park Mall’s more than 1.6 million square feet of retail space – are within a few miles. Overland Park has benefited from over $350 million in development since 2015, including a $20 million design-build community center half a mile from the property.

“The Overland Park submarket has shown very strong growth in both population and jobs, which we expect to continue,” Lindley added. “79 Metcalf’s proximity to top employers such as T-Mobile, OptumRx, Overland Park Regional Medical Center, and Johnson County Community College has made it one of the most desirable submarkets in Kansas. Plus, in 2020, Money Inc. ranked Overland Park second in the Best Places to Live in the Midwest.”

The transaction closed Tuesday, May 4th. Neither the seller nor the sale price was released.

In the last year, 29SC has acquired 15 conventional multifamily assets and over 4,000 units throughout the U.S. The firm continues to actively pursue additional opportunities.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm that focuses on value-add and development of multifamily assets. The current portfolio consists of more than 12,000 units, having acquired over 20,000 units across its 16 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms. Learn more about 29SC at www.29thstreetcapital.com .

29TH STREET CAPITAL STRENGTHENS ROCKY MOUNTAIN TEAM; THOMAS LEADS MULTIFAMILY ACQUISITIONS IN SALT LAKE CITY

corbin@multihub.io (REPLI Team) — Thu, 08 Apr 2021 06:56:13 GMT

29TH STREET CAPITAL STRENGTHENS ROCKY MOUNTAIN TEAM; THOMAS LEADS MULTIFAMILY ACQUISITIONS IN SALT LAKE CITY

Salt Lake City (April 2021) – Ryan Thomas has joined 29th Street Capital as Vice President of Acquisitions in Salt Lake City. He will be responsible for sourcing and evaluating multifamily real estate investment opportunities throughout Utah. With Thomas comes a seasoned track record in capital markets, project financing, underwriting and business development.

Thomas brings over 10 years of experience in commercial real estate finance, investment and construction management. Prior to joining 29th Street Capital, Thomas was an Associate Director for Q10 Bonneville Real Estate Capital. In this role, he underwrote over $4 billion in commercial real estate finance opportunities and was actively involved in over $550 million in completed transactions.

“Ryan’s experience and knowledge make him a great addition to the team,” said 29th Street Capital Managing Director Robert Bollhoffer. “We are excited to see how he continues to grow our presence in the Utah market.”

Originally from Salt Lake, Thomas spent numerous years working and studying in the market. This experience will allow him to lead 29SC’s expansion strategy into the Rocky Mountains.

“I’m thrilled to join the impressive team at 29SC and look forward to increasing our presence in Salt Lake City and Utah as a whole,” Thomas said. He continued, "As a firm believer of Utah’s continued growth, I know that there is tremendous opportunity in this market. I look forward to being a part of that with 29SC.”

Thomas received his B.S. in Economics for the University of Utah and is a licensed real estate broker. Currently, he is pursuing his Masters in Real Estate Development from the University of Utah, where he earned first place in the 2021 Utah Real Estate Challenge.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm that focuses on value-add and development of multifamily assets. The current portfolio consists of more than 12,000 units, having acquired over 20,000 units across its 16 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms. Learn more about 29SC at www.29thstreetcapital.com .

29TH STREET CAPITAL ANNOUNCES 14TH MULTIFAMILY ACQUISITION IN PHOENIX METRO AREA WITH LUNAIRE APARTMENTS IN ARIZONA

corbin@multihub.io (REPLI Team) — Wed, 07 Apr 2021 07:03:54 GMT

29TH STREET CAPITAL ANNOUNCES 14TH MULTIFAMILY ACQUISITION IN PHOENIX METRO AREA WITH LUNAIRE APARTMENTS IN ARIZONA

Goodyear, Arizona (April 2021) – Privately-held real estate investment firm, 29th Street Capital (29SC), has acquired Lunaire Apartments. The purchase marks the firm’s 14th multifamily acquisition in the Phoenix metro area, totaling nearly 2,700 units in the market.

Built in 2008, Lunaire Apartments is a Class A-, 240-unit asset located in the West Valley submarket of Phoenix. 29SC’s capital improvement plan includes a full renovation of the remaining “classic,” unrenovated units, amenities enhancements and new exterior paint.

29SC’s in-house property management group, Haven Residential, will oversee management and leasing at Lunaire Apartments.

“We believe this investment represents a unique opportunity to buy an under-valued, institutional quality asset in a high-growth submarket in Phoenix,” said Dusty Eddy, 29SC’s Senior Vice President of Acquisitions based in Phoenix. “Since 2010, Goodyear has achieved population growth of more than 34%, with metro Phoenix adding 120,000 residents in 2020.”

Lunaire Apartments is located at 949 S. Goodyear Blvd. E, approximately 20 miles west of downtown Phoenix. The property stands to benefit from its central location, situated in the rapidly growing I-10 and Loop 303 industrial corridors with easy access to downtown Phoenix and the East Valley.

“The I-10 and Loop 303 industrial corridor area submarkets have shown very strong growth in both population and jobs,” Eddy added. “Lunaire’s proximity to top employers such as Amazon, Chewy, Microsoft, and Boeing is already a plus. The planned renovations and extension of major highway Loop 303 will make it even more desirable.”

Due to a major industrial presence, Goodyear has experienced robust job and population increases, and is expected to continue growing. Economic development officials expect that the existing supply of 31.5 million square feet of industrial space is expected to more than double over the next five years, as large companies continue to eye Goodyear for potential development due to its extremely business-friendly environment. The Arizona Chamber of Commerce & Industry named Goodyear the 2020 Best City for Business for its business-friendly customer service, ability to attract industry, reduce regulatory burdens and work with business to improve the local quality of life. Goodyear is ranked nationally as a being a great place to live.

The transaction closed Wednesday, March 31st. Neither the seller nor the sale price was released.

In the last year, the firm has acquired over 15 conventional multifamily assets and over 4,000 units throughout the U.S. It continues to actively pursue additional opportunities.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm that focuses on value-add and development of multifamily assets. The current portfolio consists of more than 12,000 units, having acquired over 20,000 units across its 16 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms. Learn more about 29SC at www.29thstreetcapital.com .

29TH STREET CAPITAL ACQUIRES VILLA DEL SOL APARTMENTS; MULTIFAMILY PROPERTY IS FIRM’S SECOND SAN DIEGO ACQUISITION

corbin@multihub.io (REPLI Team) — Sun, 07 Mar 2021 07:13:25 GMT

29TH STREET CAPITAL ACQUIRES VILLA DEL SOL APARTMENTS; MULTIFAMILY PROPERTY IS FIRM’S SECOND SAN DIEGO ACQUISITION

San Diego, Calif. (March 2021) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Villa Del Sol Apartments, a Class B, 203-unit multifamily asset located in the College East submarket of San Diego. 29SC plans to make improvements to unit interiors, including adding vinyl-plank flooring, updating countertops, and installing stainless-steel appliances. The firm also plans value-creating improvements to the property’s amenities, roof and curb appeal.

“We are excited about the strong fundamentals we see in the San Diego market,” said Jason de Guzman, 29SC’s Senior Vice President of Acquisitions. “All of the demographic indicators are pointing in the right direction. With its attractive lifestyle and emergence as a technology hub, we believe there is a lot of runway in San Diego for many years to come.”

Located at 5474 Reservoir Drive, Villa Del Sol is approximately 10 miles northeast of downtown San Diego. The property is conveniently situated off Interstate 8 as well as highways 94, 125 and 163, providing easy access to multiple job centers within a 15-minute drive. The property is also adjacent to Alvarado Hospital Medical Center, a 306-bed acute care hospital that expanded its emergency room and added a new medical wing last year. Villa Del Sol is also located approximately seven miles east of the planned Riverwalk Development in bordering Mission Valley. This mixed-use development will bring 1 million square feet of Class-A office space, 97 acres of parks and recreational areas, 150,000 square feet of retail space and a new public transit stop along the Green Line. Villa Del Sol residents will have direct access to this development via the Alvarado Medical Center Trolley Station located two blocks north of Villa Del Sol.

“We view Villa Del Sol as an unparalleled investment opportunity. The fact that it is a true value-add asset that is virtually untouched provides us with a lot of room of improvement,”

added de Guzman. “We are thrilled to add another property to our San Diego portfolio, as we look to really focus and grow our presence in the region with strategic acquisitions like Villa Del Sol.”

The acquisition of Villa Del Sol is 29SC’s second in the San Diego-Area and brings the total unit count to just over 400 units.

The transaction closed Wednesday, March 3. Neither the seller nor the sale price have been released.

Over the past year, 29th Street Capital has acquired 14 conventional multifamily assets – totaling over 3,750 units – throughout the U.S. and continues to actively pursue additional opportunities.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm headquartered in Chicago that focuses on core plus, value-add, and development opportunities of multifamily assets. The company has acquired 20,000 units across its 15 offices in the U.S. Investments typically require $30 million to $200 million of capital and involve the acquisition or recapitalization of individual assets, portfolios, or platforms.

Learn more at 29thstreetcapital.com

29TH STREET CAPITAL EXPANDS TO PACIFIC NORTH WEST; KEN ALLEN TO OVERSEE DEVELOPMENT

corbin@multihub.io (REPLI Team) — Mon, 08 Feb 2021 07:43:34 GMT

29TH STREET CAPITAL EXPANDS TO PACIFIC NORTH WEST; KEN ALLEN TO OVERSEE DEVELOPMENT

Portland, Oregon (February 2021) – Ken Allen has joined 29th Street Capital as Vice President of Development for the Pacific Northwest. Allen joins Senior Vice President Kevin Smith’s development team, as it continues to grow the privately-held real estate investment firm’s in-house development platform. He is responsible for all facets of multifamily as the firm expands into the Pacific Northwest for the first time.

“Ken’s successful track record in large-scale development and construction makes him a great addition to 29SC’s team,” said 29th Street Capital Managing Director Robert Bollhoffer. “We are excited to have him support our expansion into the Northwest.”

Allen brings over 20 years of experience in acquisitions, development and construction in the multifamily and commercial real estate sectors. Prior to joining 29th Street Capital, Allen managed site acquisitions, land development and construction for a private equity fund with over $1 billion in assets. His previous developments range from 372-unit apartment communities to 665,000 square foot commercial spaces. His experience in Oregon, Colorado and California prepares him to lead 29SC’s expansion into the Pacific Northwest, as well as the Rocky Mountain, Midwest and South-Central Regions.

“I am excited to be a part of this vibrant, growing team of professionals,” said Allen, who is originally from, and now based in, the Portland area. “I look forward to working with this top-tier team as it expands its successful development portfolio into new markets .”

Allen, who earned his degree in Business Management, is licensed as a real estate broker Oregon.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm headquartered in Chicago that focuses on core plus, value-add, and development opportunities of multifamily assets. The company has acquired 20,000 units across its 15 offices in the U.S. Investments typically require $30 million to $200 million of capital and involve the acquisition or recapitalization of individual assets, portfolios, or platforms.

For more information, visit 29thStreetCapital.com .

29TH STREET CAPITAL ACQUIRES AVANA STERLING RIDGE; MULTIFAMILY PROPERTY IS FIRM’S 11TH HOUSTON-AREA ACQUISITION

corbin@multihub.io (REPLI Team) — Sun, 07 Feb 2021 07:47:15 GMT

29TH STREET CAPITAL ACQUIRES AVANA STERLING RIDGE; MULTIFAMILY PROPERTY IS FIRM’S 11TH HOUSTON-AREA ACQUISITION

The Woodlands, Texas (February 2021) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Avana Sterling Ridge Apartments, a Class B, 254-unit multifamily asset located in the Woodlands submarket of Houston. 29SC plans to rebrand the property, implement a limited interior renovation package, and improve the property’s exterior, clubhouse and existing amenities.

“We continue to be excited about the solid fundamentals we see in the Houston market,” said Javier Bustillo, 29SC’s Senior Vice President of Acquisitions. “We see all of the demographic indicators pointed in the right direction while the supply pipeline has slowed down. We are being very selective in the locations we invest in and see a clear runway for the next few years.”

Located at 6900 Woodlands Drive, Avana Sterling Ridge is approximately 28 miles north of downtown Houston. The Woodlands is a 27,000-acre master-planned community that boasts more than 2,100 employers with more than 68,000 employees. Avana Sterling Ridge is ideally positioned adjacent to The Woodlands Parkway, a main thoroughfare connecting The Woodlands to Interstate 45, which provides residents a quick outlet to Houston’s major employment centers and other major highways.

Avana Sterling Ridge offers large floor plans and state of the art amenities creating a great environment for families and the “work from home culture.” Each unit has a built-in desk providing a home office to each resident.

“Avana Sterling Ridge is located in perhaps the best suburban location in all of Houston,” added Doug Burt, 29SC’s VP in Houston. “Access to high quality employment and great schools will continue to drive this submarket and benefit this asset. We have always wanted to own a community in The Woodlands area and are extremely excited about adding this property to our portfolio.”

The transaction closed Monday, February 8. Neither the seller nor the sale price have been released.

Over the past year, 29th Street Capital has acquired 13 conventional multifamily assets – totaling over 3,600 units – throughout the U.S. and continues to actively pursue additional opportunities.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm headquartered in Chicago that focuses on core plus, value-add, and development opportunities of multifamily assets. The company has acquired 20,000 units across its 15 offices in the U.S. Investments typically require $30 million to $200 million of capital and involve the acquisition or recapitalization of individual assets, portfolios, or platforms.

Learn more at 29thstreetcapital.com

29TH STREET CAPITAL EXPANDS TO MID-ATLANTIC; BRIAN BERRY TO SOURCE MULTIFAMILY DEALS

corbin@multihub.io (REPLI Team) — Thu, 07 Jan 2021 07:50:38 GMT

29TH STREET CAPITAL EXPANDS TO MID-ATLANTIC; BRIAN BERRY TO SOURCE MULTIFAMILY DEALS

Washington, D.C. (January 2021) – Brian Berry has joined 29th Street Capital as Senior Vice President of its Mid-Atlantic Region. Based in Arlington, Virginia, he will be responsible for sourcing, financing and executing the company’s investment strategy in its new Mid-Atlantic office. This includes acquiring and repositioning well-located urban and suburban multifamily properties. Berry brings over 25 years of experience to the leadership team at 29th Street Capital along with deep knowledge and expertise in the Mid-Atlantic commercial real estate markets.

During his career, Berry has been instrumental in completing over $15 billion in investment and development transactions including multifamily, office and mixed-use assets. As a Managing Director at Tishman Speyer, Berry led and significantly grew its operations and development in the Washington, D.C. metro region. He also held executive management positions at public REITs Trizec Properties and Colombia Property Trust. Most recently, he was President of Oak Point Investors, where he represented private investors in property acquisitions and asset management.

“I’ve known Brian personally for over 20 years and I’m excited he will be leading our Mid-Atlantic growth efforts,” said 29th Street Capital’s Managing Director Robert Bollhoffer. “Brian is an instrumental addition to our national footprint as well as our leadership team.”

“I am excited to join 29th Street Capital and look forward to growing our asset base in the vibrant Mid-Atlantic markets,” Berry said. “The creative management team at 29th Street has a proven track record of acquiring and repositioning assets and delivering industry-leading returns for its investors.”

Berry received an MBA from the Kellogg Graduate School at Northwestern University and attended the University of Wisconsin as an Evans Scholar, where he earned a BBA in Real Estate and Finance. He served as a Director of The Economic Club of Washington, D.C. and the D.C. Building Industry Association. He is a past President of the University of Wisconsin Real Estate Alumni Association and is a member of ULI, DCBIA and WREAA.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm headquartered in Chicago that focuses on core plus, value-add, and development opportunities of multifamily assets. The company has acquired 20,000 units across its 15 offices in the U.S. Investments typically require $30 million to $200 million of capital and involve the acquisition or recapitalization of individual assets, portfolios, or platforms.

Learn more at 29thstreetcapital.com

STEINER TO LEAD 29TH STREET CAPITAL’S FLORIDA MULTIFAMILY EFFORTS

corbin@multihub.io (REPLI Team) — Tue, 27 Oct 2020 07:53:59 GMT

STEINER TO LEAD 29TH STREET CAPITAL’S FLORIDA MULTIFAMILY EFFORTS

Tampa, Florida (October 2020) – Christopher Steiner has joined 29th Street Capital as Vice President of Acquisitions for the Florida markets. He will be responsible for sourcing, financing and executing the investment strategy on new opportunities in the region. He will also oversee asset management and disposition of the firm’s existing portfolio assets in Tampa. Steiner will bring a proven investment track record and strong local area knowledge to Senior VP Javier Bustillo’s team, which oversees activities in Texas, Georgia, and Florida.

Steiner has over 15 years of experience working in real estate, construction management and private equity. Prior to joining 29th Street Capital, Steiner created an investment acquisition division for Southport Financial Services, one of the nation’s largest affordable housing developers. In this role, he was responsible for developing an investment strategy, identifying and closing transactions, and supervising the repositioning and exit plans for acquisitions on the East Coast. During his tenure at Southport, Steiner acquired 2,000 multifamily units with an aggregate value of $250 million, utilizing both internal capital and outside equity sourced from institutional and high-net-worth investors.

“Chris brings a large amount of valuable experience to 29SC and a strong knowledge of multifamily acquisitions,” said 29th Street Capital Managing Director Robert Bollhoffer. “We look forward to supporting him as we continue to grow our presence in Florida.”

Originally from Colorado, Steiner spent the first five years of his career working for investment firms in New York and London. After dedicating a year of volunteer work to Habitat for Humanity, he shifted his focus towards an entrepreneurial venture with the mission of bringing cloud-based construction management to the remodeling industry. In 2015, Steiner pivoted to a career in real estate where he found his calling as a multifamily acquisition specialist.

“I am thrilled to become a member of 29th Street Capital’s robust team of multifamily acquisition professionals,” said Steiner. “As socioeconomic factors continue to drive migration into Florida, I look forward to expanding the firm’s current footprint by continuing to identify attractive multifamily investments for years to come.

Steiner received hi B.A. from the University of Colorado with a major in Business Economics.

Formed in 2009, 29th Street Capital is a privately-held real estate investment firm that focus on value-add and development of multifamily assets with a current portfolio of more than 11,000 units having acquired over 19,000 units across its 14 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.

29TH STREET CAPITAL ACQUIRES TWO SACRAMENTO PROPERTIES; AMBER PARK AND DAVENPORT APARTMENTS

corbin@multihub.io (REPLI Team) — Fri, 23 Oct 2020 08:10:20 GMT

29TH STREET CAPITAL ACQUIRES TWO SACRAMENTO PROPERTIES; AMBER PARK AND DAVENPORT APARTMENTS

Sacramento, Calif. (October 21, 2020) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Amber Park Apartments and Davenport Apartments totaling 248 units in Sacramento, California. 29SC plans to make improvements to unit interiors, including adding high-quality laminate countertops, vinyl plank flooring, modern paint schemes and stainless-steel appliances. The firm also plans value-creating improvements to the amenities, roofing and curb appeal at both properties.

“These properties will be strong additions to our current Northern California portfolio and will bring our total unit count to over 1,500 in this market,” said Casey Davis, Senior Vice President of Acquisitions for North California. “I look forward to continuing our growth in Sacramento and have high expectations for the performance of these assets.”

The Sacramento area is currently experiencing strong population and employment growth. California’s Department of Finance stated that Sacramento ranked second among California’s large cities in population growth over the last year. This 1.1% growth rate is more than five times the state average.

“29SC believes that the strong migration to the Sacramento area will continue due to high living costs in nearby major cities and will bolster demand for multifamily housing,” said Davis. “The properties are well positioned to many nearby employers of resilient job sectors such as government, education, healthcare and transportation/utilities.”

The assets, which are 13 miles apart, are both within 10 miles of downtown Sacramento. Both Amber Park Apartments, which has 122 units, and Davenport Apartments (126 units) offer close proximity to major retailers, shopping and restaurants. Amber Park offers residents easy access to downtown via the Watt/I-80 Light Rail Transit Station, which is within one mile of the property. The residents at Davenport have access to the Sacramento Regional Transit Riverside route, allowing them a direct route to downtown as well.

Over the past 12 months, the Sacramento Metro Area has shown resilience, despite the COVID-19 pandemic, with positive trends in vacancy rates for multifamily units. As of 8/31/20, Sacramento’s average occupancy was 95.4% compared to the US national average of 93.5% according to Yardi Matrix Data.

29th Street Capital closed on the purchase of these two properties October 21. The sale price and seller were not disclosed. Formed in 2009, 29 ^th Street Capital is a privately-held real estate investment firm that focus on value-add and development of multifamily assets with a current portfolio of more than 11,000 units having acquired over 19,000 units across its 14 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.

29TH STREET CAPITAL ACQUIRES LAKE HOUSE AT MARTIN’S LANDING; PROPERTY IS FIRM’S 11TH ATLANTA-AREA ACQUISITION

corbin@multihub.io (REPLI Team) — Wed, 30 Sep 2020 09:23:09 GMT

29TH STREET CAPITAL ACQUIRES LAKE HOUSE AT MARTIN’S LANDING; PROPERTY IS FIRM’S 11TH ATLANTA-AREA ACQUISITION

Roswell, Georgia (September 2020) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Lake House at Martin’s Landing, a Class B, 300-unit asset located in the North Fulton submarket of Atlanta. 29SC plans to add value to the property with light upgrades to 282 apartments that were previously improved by the seller plus full interior renovations on 18 classic units. The firm will also improve the exteriors and amenities.

“This is 29SC’s third acquisition in Atlanta in the past 12 months and will be a strong addition to our Atlanta portfolio, which has now reached over 700 units,” said Javier Bustillo, 29SC’s Senior Vice President of Acquisitions. “I am excited to add this unique asset to our current Atlanta portfolio and I look forward to our continued expansion in this market.”

Lake House at Martin’s Landing, located at 1500 Harbor Landing, is approximately 23 miles northeast of downtown Atlanta. Of the three apartment communities with water access in all of Metro Atlanta, two are located on the Chattahoochee River, making Lake House at Martin’s Landing the only apartment community with direct access to a lake in all of Atlanta.

Lake House at Martin’s Landing offers the area’s most spacious two-, three-, and four-bedroom apartment homes inside a master-planned community. Residents have access to the 53-acre Martin Lake and an uninterrupted 2.4-mile designated walking trail around the lake.

“The Lake House at Martin’s Landing is located in the middle of one of the highest growth corridors between North Fulton and the Central Perimeter employment centers,” added Royce Baptist, 29SC’s VP in Atlanta. “Between the abundance of jobs and proximity to Martin Lake, this asset offers a great work/lifestyle balance.”

The transaction closed Wednesday, September 30. Neither the seller nor the sale price have been released.

Over the past year, 29th Street Capital has acquired 13 conventional multifamily assets – totaling over 2,900 units – throughout the U.S. and continues to actively pursue additional opportunities. Formed in 2009, 29 ^th Street Capital is a privately-held real estate investment firm that focus on value-add and development of multifamily assets with a current portfolio of more than 10,000 units having acquired over 18,000 units across its 14 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.

29TH STREET CAPITAL ACQUIRES LIVE OAK PLACE APARTMENTS; PROPERTY IS FIRM’S SECOND SAN ANTONIO-AREA ACQUISITION

corbin@multihub.io (REPLI Team) — Thu, 10 Sep 2020 09:25:33 GMT

29TH STREET CAPITAL ACQUIRES LIVE OAK PLACE APARTMENTS; PROPERTY IS FIRM’S SECOND SAN ANTONIO-AREA ACQUISITION

San Antonio, Texas (September 2020) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Live Oak Place Apartments, a Class C+, 308-unit asset located in the Live Oak submarket of San Antonio. 29SC plans to add value to the property by fully renovating 163 apartments and lightly renovating 145 units that were previously improved by the seller. Along with the interior upgrades, 29SC will be improving the exterior finishes and amenities.

“This is 29SC’s first acquisition in San Antonio in the past 12 months and will be a strong addition to our Central Texas portfolio, which has now reached over 1,000 units,” said Dan Howard, 29SC’s Senior Vice President of Acquisitions based in Austin. “I look forward to the continued expansion of our footprint in Central Texas and am confident that our focus on accelerating growth in this market will yield high returns.”

Live Oak Place Apartments, located at 13012 Oak Terrace Dr, is approximately 14 miles northeast of downtown San Antonio. The property is well positioned at the intersection of Loop 1604 and I-35 and the recently expanded Wurzbach Parkway, providing easy access to the city and surrounding points of interest.

Over the past 12 months, the Live Oak submarket has shown resilience, despite the COVID-19 pandemic, with positive trends in vacancy rates for multifamily units. According to CoStar submarket data, vacancy rates declined from 8.5% in Q3 2019 to 6.7% in Q3 2020.

“The Live Oak submarket has shown very strong growth in both population and rental rates,” Howard added. “Live Oak Place’s proximity to top employers such as Amazon and Ikea is already a plus; the planned renovations will make it even more desirable.”

The transaction closed Friday, September 4. Neither the seller nor the sale price have been revealed.

Over the past year, 29th Street Capital has acquired 16 conventional multifamily assets – totaling 3,356 units – throughout the U.S. and continues to actively pursue additional opportunities.

Formed in 2009, 29th Street Capital is a privately-held real estate investment firm that focus on value-add and development of multifamily assets with a current portfolio of more than 10,000 units having acquired over 18,000 units across its 14 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.

29TH STREET CAPITAL ACQUIRES GREENHOUSE APARTMENTS; PROPERTY IS FIRM’S 11TH HOUSTON-AREA ACQUISITION

corbin@multihub.io (REPLI Team) — Thu, 27 Aug 2020 09:28:34 GMT

29TH STREET CAPITAL ACQUIRES GREENHOUSE APARTMENTS; PROPERTY IS FIRM’S 11TH HOUSTON-AREA ACQUISITION

Houston, Texas (August 26, 2020) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Greenhouse Apartments, a Class A+, 350-unit asset located in the Katy/Cinco Ranch submarket of Houston. 29SC plans to add value to the three-year-old property by upgrading the landscaping, adding a package locker system and making technology improvements.

“Growth out west along I-10 has been robust over the past decade,” said Doug Burt, 29SC’s Vice President of Acquisitions in Houston. “Greenhouse is a best-in-class asset that is strategically located right off I-10 to provide easy access for residents to get to nearby employment centers, shopping and restaurants. The Katy/Cinco Ranch submarket has consistently been the most absorbed submarket in the entire Houston area. In addition to being located in the highly sought-after Katy Independent School District, the community appeals to all types of residents with its midrise, garden and townhome style floorplans.”

The Houston multifamily market has proven resilient during the Covid-19 pandemic. According to data from Cushman & Wakefield, the metro area has had the fastest rate of population growth among the 10 most populous U.S. metros from 2010-2019 at +21.6%. It is projected to grow +17% by 2029, which would result in a population of 9.3 million people.

Greenhouse Apartments, located at 2040 Greenhouse Road, is approximately 23 miles west of downtown Houston. The property is located just west of the Energy Corridor, which is one of the largest employment centers and most impactful economic forces in the Greater Houston area.

“This is 29SC’s second acquisition in the Houston area in the past 12 months and will be a strong addition to 29SC’s existing Houston portfolio of 2,555 units,” adds Burt. The price of the acquisition has not been disclosed.

Over the past year, 29th Street Capital has also acquired 20 conventional multifamily assets – totaling 4,212 units – throughout the U.S. and continues to actively pursue additional opportunities. Formed in 2009, 29 ^th Street Capital is a privately-held real estate investment firm that focus on value-add and development of multifamily assets with a current portfolio of more than 10,000 units having acquired over 18,000 units across its 14 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.

29TH STREET CAPITAL EXPANDS REACH IN ATLANTA; ROYCE BAPTIST TO SOURCE MULTIFAMILY ACQUISITIONS

corbin@multihub.io (REPLI Team) — Tue, 14 Jul 2020 09:33:15 GMT

29TH STREET CAPITAL EXPANDS REACH IN ATLANTA; ROYCE BAPTIST TO SOURCE MULTIFAMILY ACQUISITIONS

Atlanta, GA (July 2020) – Royce Baptist has joined 29th Street Capital as Vice President for the Atlanta market. Baptist will be responsible for sourcing new multifamily acquisitions in the Metro Atlanta area. He will also work closely with property managers on the implementation and oversight of capital and business plans on all assets. Baptist will help bolster the company’s capabilities as he will join forces with Senior VP Javier Bustillo, who has overseen the Atlanta region for six years.

“Royce’s background and market knowledge will be a great asset,” said 29th Street Capital Managing Director Robert Bollhoffer. “I am excited to continue to grow our platform in the Atlanta market. This addition really gives us the “boots on the ground” capability that has worked well for us. This growth will allow us to be even more responsive to our investors and potential new opportunities.”

Prior to joining 29th Street Capital, Baptist worked at Franklin Street as a member of the multifamily investment sales team. He previously held a similar position with Marcus & Millichap. His responsibilities included underwriting, sourcing investment opportunities, negotiating and developing new business. He has a proven track record in many aspects of multifamily real estate investments, including acquisitions and dispositions of value-add multifamily properties throughout Georgia. He possesses a strong understanding of multifamily financial analysis, market conditions and investment principles.

“As a broker, I learned the importance of being able to count on a buyer that has the experience, market knowledge, credibility, and access to capital that is needed in order to have a successful platform,” Baptist stated. “Knowing that 29SC checked all these boxes made the opportunity to work with them one that I could not pass up.”

In addition to sourcing and completing acquisitions, his responsibilities at 29SC include complete oversight of projects, selecting third-party management, and overseeing all capital projects, marketing/design and dispositions.

Baptist earned his BBA in Risk Management at the University of Georgia.

ROB GERSCH TO LEAD 29SC’S ACQUISITIONS IN ROCKY MOUNTAIN REGION

corbin@multihub.io (REPLI Team) — Tue, 12 May 2020 10:31:38 GMT

ROB GERSCH TO LEAD 29SC’S ACQUISITIONS IN ROCKY MOUNTAIN REGION

Denver (May 2020) – Rob Gersch has joined 29th Street Capital as Senior Vice President of Acquisitions in Denver and the Rocky Mountain Region. Gersch is responsible for all facets of the privately-held real estate investment and advisory firm’s activity in the Colorado market. He will lead all multifamily acquisitions and asset management strategies in the region.

He has over 20 years of commercial real estate experience in acquisitions, dispositions, development, structured finance, asset management, capital markets, distressed asset management and workouts, plus receivership for all major real estate product types specialty sectors.

“Rob brings an immense amount of valuable experience to 29SC,” said 29th Street Capital Managing Director Robert Bollhoffer. “We are acquiring talented individuals across the country during these unprecedented times that want to grow in our entrepreneurial environment”.

Prior to joining 29th Street Capital, he was a Development Executive for Mortenson Development in Denver. His duties included site selection and acquisition, as well as management of design, entitlement, tenant recruitment and capital markets efforts for multifamily and office development opportunities in Colorado.

“I’m looking forward to applying what I’ve learned over the past 20+ years of my diverse real estate career to acquire assets under 29th Street Capital’s growing platform,” Gersch added. “The impacts of COVID-19 have reinforced the notion that we as a country need more high quality, yet affordable, workforce housing – especially in rapidly growing major cities like Denver.”

He started his career in Chicago working in commercial real estate finance for Heller Financial, a provider of commercial financial services, offering corporate and real estate financing, factoring and working capital loans, equipment leasing, asset-based finance and equity investment solutions to customers worldwide. Throughout his career, he worked closely with senior executives at Lowe Enterprises Real Estate Development Group, General Electric Commercial & Healthcare Real Estate Groups and Heller Financial. In 2008, he founded his own real estate services company, Gersch Real Estate, LLC. For over a decade, he successfully assisted clients nationwide with acquisitions and dispositions, development services, capital markets advisory services, asset management of distressed commercial real estate loans, troubled debt restructuring and investor due diligence.

Overall, Gersch assisted in the financial underwriting of over $650 million of debt and equity products in real estate properties. He also held project management responsibilities on several large, mixed-use developments in the mid-Atlantic region, including site procurement, programming, design, entitlement and financing on a $250 million mixed-use development in Washington D.C.

He earned a BBA in Business Administration with a double-major in Real Estate & Urban Land Economics and Finance, Investment & Banking from the University of Wisconsin-Madison. He holds a Managing Broker’s License in the State of Illinois and an Independent Real Estate Brokerage License in the State of Colorado.

Formed in 2009, 29th Street Capital is a privately-held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months, 29th Street Capital has acquired 15 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S.

29SC’s conventional multifamily portfolio currently consists of more than 10,650 units having acquired over 18,000 units across its 15 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.

29TH STREET CAPITAL WEATHERS COVID-19, CAPITALIZES ON NEW OPPORTUNITIES

corbin@multihub.io (REPLI Team) — Fri, 08 May 2020 10:39:36 GMT

29TH STREET CAPITAL WEATHERS COVID-19, CAPITALIZES ON NEW OPPORTUNITIES

While re-thinking some of its 2020 strategies, 29 ^th Street Capital (29SC) is bullish on the long-term prospects for the multifamily market. It is also looking for new acquisition opportunities in its existing markets, especially Phoenix, San Diego and Los Angeles.

The firm, which has a national platform covering over 20 markets, ended Q1 2020 with 14 acquisitions, totaling 3,300 units, in eight cities for a total of $530 million in capital. It completed seven dispositions across six cities with an average gross IRR of 43% and 2.2x equity multiple.

29SC’s strategy of acquiring assets with low-to-moderate leverage, as well as fully-funding its capital program upfront, has yielded extremely well-capitalized deals that can weather the COVID-19 storm better than many competitors. This allows the firm to avoid applying for loan forbearance. 29SC is keeping all employees on staff and providing bonuses to many, even as it monitors cash flow and tightens expenses. It also offers paid sick leave to any staff member with COVID-19 symptoms.

April rent collections dropped only a half-point from March. May collections thus far, which are exceeding expectations, are slightly above the market overall. 29SC credits this to:

Continuous communication between onsite teams and residents, including reminding residents of available resources
Creative marketing encouraging on-time payments and community engagement
Goodwill generated by willingness to work with residents experiencing hardships
Payment incentive programs

The Year Ahead

29SC is amending its strategies, and acquisition perspective, for a post-COVID world. It expects Class B multifamily, including workforce housing, to perform well as homebuying becomes more difficult. Apartments in and around industrial parks, distribution hubs and data centers should be successful, as should properties in state capitals. The firm will be cautious about markets that depend on the hospitality industry. It expects investors will likely pursue Opportunity Zone deals as capital gains, personal and business taxes may increase. The firm also anticipates holding assets slightly longer. Fortunately, 29SC is under no financial or operational pressures to sell existing assets.

Markets where 29SC is extremely bullish include Phoenix, San Diego and Los Angeles. In Phoenix, 29SC disposed of nine properties over three years, so investors are looking to re-create that success, which yielded extremely positive returns.

“The Phoenix market fundamentals were some of the best nationally prior to the pandemic with population, job and wage growth near the top of the country,” said Dusty Eddy (pictured above), 29SC’s Senior Vice President of Acquisitions for the Southwest Region. “Once the economy completely opens back up, we anticipate those fundamentals will come back strong, which bodes well for multifamily investments.”

“29SC acquired three properties in San Diego and Los Angeles in the past year,” added Jason De Guzman (pictured below), 29SC’s Senior Vice President of Acquisitions for the Western Region. “We are very happy with our existing properties in Southern California and looking to grow our portfolio in those markets.”

With 12 locally-based acquisition managers, an in-house asset management and construction management platform, as well as a development arm – as well as almost 100 properties and more than 16,000 units acquired over the past several years, 29SC feels it is well-positioned to handle the COVID-19 pandemic for investors and stakeholders.

“We know all of these markets extremely well given our boots-on-the-ground acquisition strategy, and we’re confident that we can continue to execute as we always have,” Eddy concluded.

Learn more about 29th Street Capital at www.29thstreetcapital.com

29TH STREET CAPITAL ACQUIRES KNOLLWOOD PARK APARTMENT HOMES, COMMUNITY IS FIRM’S TENTH ATLANTA-AREA ACQUISITION

corbin@multihub.io (REPLI Team) — Tue, 10 Mar 2020 11:06:27 GMT

29TH STREET CAPITAL ACQUIRES KNOLLWOOD PARK APARTMENT HOMES, COMMUNITY IS FIRM’S TENTH ATLANTA-AREA ACQUISITION

Lawrenceville, Ga. (March 6, 2020) – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Knollwood Park Apartment Homes, a 1998 vintage, 142-unit multifamily community located in Lawrenceville, Georgia. 29SC plans to complete full interior renovations, upgrade the amenity spaces and modernize the exterior of the property.

“We are excited to be growing our portfolio in Gwinnett County,” said Javier Bustillo, Senior Vice President of Acquisitions in Atlanta. “The property will benefit from over $240 million of redevelopment and infrastructure investment in downtown Lawrenceville.”

Knollwood Park Apartment Homes is located just off GA-120 and GA-124 in Historic Downtown Lawrenceville. Downtown Lawrenceville offers residents a walkable area with access to numerous four- and five-star restaurants, bars, boutique stores, parks and a theatre. In addition, there is a $200 million mixed-use development, $31 million arts facility with a 500-seat theatre, and a $10 million biking and walking trail connecting downtown Lawrenceville to Gwinnett College all approved and under development in downtown Lawrenceville.

“We are excited to help play a role in the revitalization of Downtown Lawrenceville,” Bustillo added. “Knollwood Park Apartment Homes will offer tenants freshly-renovated units and amenities, but most importantly be within walking distance of downtown and all of its amenities. ”

This is the firm’s 10th acquisition in the Atlanta area in the past five years. The transaction closed March 6th. The sale price and seller were not disclosed.

Formed in 2009, 29 ^th Street Capital is a privately-held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months 29th Street Capital has also acquired 10 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S.

29SC’s conventional multifamily portfolio currently consists of more than 9,800 units having acquired over 17,000 units across its 15 offices in the United States. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.

Learn more about 29SC at https://29thstreetcapital.com .

29thstreet

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