29th Street Capital Knows Results
Since 2009, 29th Street Capital has been committed to creating meaningful impact and compelling projects that deliver results to the real estate market. 29th Street Capital LLC is a multifamily powerhouse providing asset growth opportunities – substantial and modest. Our forward-thinking, boots-on-ground approach to our assets helps us increase revenue and promote property value in our markets throughout the United States. Across the board, 29th Street Capital’s national footprint in 23 markets and over 157 acquired properties, ensure success across our 5.2 billion dollar portfolio of assets.
Get to Know Our Properties
From West Coast to East Coast, and everywhere in between, 29th Street Capital acquires, manages, and invests in diverse multifamily properties. Ranging from high-end luxury assets to small-scale properties, 29th Street Capital continues to grow our multi-billion dollar collection of communities. Our unique variety of properties across the nation give us an opportunity to diversify our portfolio, making us a multifamily industry leader.
158
Properties Acquired
88
Deals Sold
19,040
Units Under Management
23
Markets Invested In
Arizona
Market: Phoenix
Unit Count: 240
Year Built: 2008
Date Acquired: 2021
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC Purchased Lunaire Apartments, its 14th Phoenix area acquisition. 29SC's strategy is to fully renovate the remaining unit interiors, upgrade amenities, and repaint the exterior of the property.
Market: Phoenix
Unit Count: 396
Year Built: 1985
Date Acquired: 2018
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC purchased Argenta Apartments, its twelfth acquisition in the Phoenix market. 29SC's Strategy is to replace the roofs, renovate unit interiors, landscape and pool area enhancements, as well as add a dog park and play area.
Market: Phoenix
Unit Count: 240
Year Built: 2004
Date Acquired: 2022
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC purchased Estrella Gateway, its 17th acquisition in the Phoenix market. 29SC's strategy is to focus on deferred maintenance, exterior painting, landscaping, clubhouse/fitness center upgrades, and unit interiors.
Market: Phoenix
Unit Count: 193
Year Built: 1975
Date Acquired: 2023
Acquisition Manager: Dusty Eddy
deddy@29sc.com
29SC purchased Dwell Apartment Homes, its twentieth acquisition in the Phoenix market. 29SC's strategy is to focus on exterior painting, landscaping, clubhouse/fitness center upgrades, patio expansions, and unit interiors.
Market: Phoenix
Unit Count: 168
Year Built: 1983
Date Acquired: 2022
Acquisition Manager: Dusty Eddy
deddy@29sc.com
29SC purchased Cala Paradise Valley Apartments, its nineteenth acquisition in the Phoenix market. 29SC's strategy is to focus on exterior painting, landscaping, clubhouse/fitness center upgrades, patio expansions, and unit interiors.
Market: Phoenix
Unit Count: 6
Year Built: 1979
Date Acquired: 2017
Disposition Year: 2019
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold the Hardy Apartments, it was the eleventh acquisition in the Phoenix market. 29SC's Strategy is to upgrade unit interiors, paint the exterior, patio and landscaping improvements, and parking lot resurfacing.
SOLD
IRR: 81.3% Multiple: 2.7x
Market: Phoenix
Unit Count: 62
Year Built: 1968
Date Acquired: 2021
Disposition Year: 2023
Acquisition Manager: Dusty Eddy
deddy@29sc.com
29SC sold Apache Lofts Apartments, its 15th Phoenix area acquisition. 29SC's strategy was to slightly enhance interiors, upgrade amenities, and improve the exterior of the property.
SOLD
IRR: 30.6% Multiple: 2.3x
Market: Phoenix
Unit Count: 266
Year Built: 1984
Date Acquired: 2011
Disposition Year: 2015
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold University Apartments, it was the second acquisition in the Phoenix market. 29SC's Strategy was primarily to increase the property's curb appeal as well as upgrade a portion of the units' interiors.
SOLD
IRR: 27.8% Multiple: 1.9x
Market: Phoenix
Unit Count: 206
Year Built: 1978
Date Acquired: 2014
Disposition Year: 2017
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Sierra Madre, it was the third acquisition in the Phoenix market. 29SC's Strategy was to upgrade the kitchens and bathrooms, as well as improve landscaping, the clubhouse, the fitness center, and the property's exterior.
SOLD
IRR: 42.2% Multiple: 3.0x
Market: Phoenix
Unit Count: 72
Year Built: 1982
Date Acquired: 2015
Disposition Year: 2018
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Williams Landing, it was the fifth acquisition in the Phoenix market. 29SC's Strategy was to upgrade unit interiors, refresh the property's exterior with new landscaping, pool furniture, and BBQ areas.
SOLD
IRR: 27.0% Multiple: 1.7x
Market: Phoenix
Unit Count: 108
Year Built: 1975
Date Acquired: 2015
Disposition Year: 2017
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Village Green, it was the sixth acquisition in the Phoenix market. 29SC's Strategy was to renovate unit interiors, upgrade the landscaping and pool area, and add a new BBQ area.
SOLD
IRR: 35.5% Multiple: 2.5x
Market: Phoenix
Unit Count: 150
Year Built: 1998
Date Acquired: 2016
Disposition Year: 2019
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Ridgeview Apartments, it was the seventh acquisition in the Phoenix market. 29SC's Strategy was to renovate the clubhouse and pool area, and upgrade unit interiors.
SOLD
IRR: 35.7% Multiple: 2.0x
Market: Phoenix
Unit Count: 180
Year Built: 1986
Date Acquired: 2016
Disposition Year: 2018
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Park Tower Apartments, it was the eighth acquisition in the Phoenix market. 29SC's Strategy was to renovate interiors, re-paint the exterior, and add a dog park.
SOLD
IRR: 62.7% Multiple: 2.5x
Market: Phoenix
Unit Count: 227
Year Built: 1971
Date Acquired: 2017
Disposition Year: 2019
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Standard Apartments, it was the ninth acquisition in the Phoenix market. 29SC's Strategy was to upgrade units, re-pipe HVAC systems, enhance the dog park, and upgrade the pool area.
SOLD
IRR: 54.0% Multiple: 2.4x
Market: Phoenix
Unit Count: 306
Year Built: 1987
Date Acquired: 2017
Disposition Year: 2020
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Mission Springs, it was the tenth acquisition in the Phoenix market. 29SC's Strategy was to significantly upgrade unit interiors, enhance the exterior, and improve the amenity package.
SOLD
IRR: 30.6% Multiple: 2.2x
Market: Phoenix
Unit Count: 272
Year Built: 1983
Date Acquired: 2011
Disposition Year: 2015
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Sienna Apartments, it was the first acquisition in the Phoenix market. 29SC's Strategy was to combine the two small leasing offices into one large office, upgrade the curb appeal and the amenities.
SOLD
IRR: 82.8% Multiple: 4.5x
Market: Phoenix
Unit Count: 168
Year Built: 1979
Date Acquired: 2019
Disposition Year: 2022
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Las Casitas, its thirteenth acquisition in the Phoenix market. 29SC's strategy was to focus on deferred maintenance, exterior painting, landscaping, amenity upgrades, adding washer/dryers, and unit interiors.
SOLD
IRR: 54.0% Multiple: 2.4x
Market: Phoenix
Unit Count: 306
Year Built: 1987
Date Acquired: 2017
Disposition Year: 2020
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Mission Springs, it was the tenth acquisition in the Phoenix market. 29SC's Strategy was to significantly upgrade unit interiors, enhance the exterior, and improve the amenity package.
California
Market: Northern California
Unit Count: 122
Year Built: 1973
Date Acquired: 2020
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC purchased The Edison, its twenty-seventh acquisition in Northern California. 29SC's Strategy is to focus on unit interior renovations, window replacements, full landscaping overhaul, clubhouse and leasing center enhancements, and new signage.
Market: Northern California
Unit Count: 417
Year Built: 1973
Date Acquired: 2018
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC purchased River Blu Apartments, its twenty-second acquisition in Northern California. 29SC's Strategy is to renovate unit interiors, the clubhouse, the fitness center, as well as pool area enhancements.
Market: Northern California
Unit Count: 292
Year Built: 1973
Date Acquired: 2022
Acquisition Manager: Casey Davis | cdavis@29thstreetcapital.com
29SC purchased this property in early 2022 adding to their already impressive list of California Assets. They quickly rebranded the property from Arcade Creek Manor to Rindle Ranch and plan to maintain the quality of the asset while improving amenities and the grounds to increase the value.
Market: Northern California
Unit Count: 126
Year Built: 1970
Date Acquired: 2020
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC purchased The Davenport, its twenty-eighth acquisition in the Northern California market. 29SC's Strategy is to renovate unit interiors, repaint the exterior, and repair/replace roofs.
Market: Oceanside
Unit Count: 240
Year Built: 1974
Date Acquired: 2022
Acquisition Manager:Jason De Guzman
jdeguzman@29thstreetcapital.com
29SC Purchased Sunterra Apartments, its 4th Southern California acquisition. 29SC's strategy is to fully renovate all remaining unit interiors, upgrade amenities, and cure deferred maintenance.
Market: Northern California
Unit Count: 79
Year Built: 1962
Date Acquired: 2017
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC purchased Miramar Apartments, its sixteenth acquisition in Northern California. 29SC's Strategy is to upgrade unit interiors, enhance the property’s exterior, and improve the structure.
SOLD IRR: 10.0% Multiple: 1.3x
Market: SoCal
Unit Count: 13
Year Built: 1965
Date Acquired: 2019
Disposition Year: 2022
Acquisition Manager: Jason de Guzman
jdeguzman@29thstreetcapital.com
29SC sold Eagle Rock Apartments, its second acquisition in the Los Angeles market. 29SC's Strategy was to renovate unit interiors, paint the exterior, landscape, repair the roofs and fencing, and cure deferred maintenance.
SOLD IRR: 40.6% Multiple: 1.6x
Market: Northern California
Unit Count: 8
Year Built: 1959
Date Acquired: 2016
Disposition Year: 2017
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Athol, it was the fourteenth acquisition in Northern California. 29SC's Strategy was to upgrade unit interiors, paint the exterior, and replace windows and garage doors.
SOLD
IRR: 30.7% Multiple: 2.0x
Market: Northern California
Unit Count: 76
Year Built: 1972
Date Acquired: 2019
Disposition Year: 2022
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold The Hawthorne, its twenty-third acquisition in Northern California. 29SC's strategy focused on unit renovations, window replacements, parking lot repairs, landscape upgrades and signage improvements.
SOLD
IRR: 23.2% Multiple: 2.5x
Market: Northern California
Unit Count: 42
Year Built: 1962
Date Acquired: 2017
Disposition Year: 2022
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold 355 Canal, its seventeenth acquisition in Northern California. 29SC's strategy was to upgrade unit interiors, enhance the property’s curb appeal, and improve the landscaping.
SOLD
IRR: 36.1% Multiple: 2.8x
Market: Northern California
Unit Count: 40
Year Built: 1978
Date Acquired: 2018
Disposition Year: 2021
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Birchwood, its twentieth acquisition in Northern California. 29SC's Strategy was to upgrade unit interiors, enhance the property’s curb appeal, and improve the amenities.
SOLD
IRR: 30.5% Multiple: 1.9x
Market: SoCal
Unit Count: 207
Year Built: 1973
Date Acquired: 2019
Disposition Year: 2021
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold The Dylan Apartments, its first acquisition in the San Diego market. 29SC's Strategy was to primarily upgrade unit interiors as well as enhance some of the common area amenities.
SOLD
IRR: 32.9% Multiple: 3.4x
Market: Northern California
Unit Count: 58
Year Built: 1958
Date Acquired: 2016
Disposition Year: 2021
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Blossom Manor, its twelfth acquisition in Northern California. 29SC's Strategy was to significantly upgrade unit interiors and enhance the exterior of the property.
SOLD
IRR: 20.0% Multiple: 2.2x
Market: Northern California
Unit Count: 39
Year Built: 1965
Date Acquired: 2017
Disposition Year: 2021
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Twin Peaks, its fourteenth acquisition in Northern California. 29SC's Strategy was to upgrade unit interiors, refresh the property’s exterior, and cure various deferred maintenance items.
SOLD
IRR: 29.4% Multiple: 2.4x
Market: Northern California
Unit Count: 110
Year Built: 1973
Date Acquired: 2017
Disposition Year: 2021
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Sierra Square, its eighteenth acquisition in Northern California. 29SC's Strategy was to upgrade unit interiors, enhance the property’s curb appeal, and improve the amenities.
SOLD
IRR: 26.7% Multiple: 2.2x
Market: Northern California
Unit Count: 140
Year Built: 1972
Date Acquired: 2018
Disposition Year: 2021
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Sycamore Square, its nineteenth acquisition in Northern California. 29SC's Strategy was to upgrade unit interiors, enhance the property’s curb appeal, and improve the amenities.
SOLD
IRR: 38.0% Multiple: 2.7x
Market: Northern California
Unit Count: 36
Year Built: 1965
Date Acquired: 2014
Disposition Year: 2017
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Summit Apartments, it was the third acquisition in Northern California. 29SC's Strategy was to modernize the exterior, add security features, and upgrade unit countertops, hardware, flooring, fixtures, and paint.
SOLD
IRR: 41.7% Multiple: 2.2x
Market: Northern California
Unit Count: 40
Year Built: 1940
Date Acquired: 2014
Disposition Year: 2016
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold the San Leandro Apartments, it was the fourth acquisition in Northern California. 29SC's Strategy was to upgrade cabinets, countertops, appliances, flooring and to paint the exterior and interiors.
SOLD
IRR: 39.3% Multiple: 2.7x
Market: Northern California
Unit Count: 24
Year Built: 1965
Date Acquired: 2014
Disposition Year: 2017
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Parkview Townhomes, it was the fifth acquisition in Northern California. 29SC's Strategy was to replace the flooring, cabinets, countertops, and paint, as well as improve the curb appeal.
SOLD
IRR: 73.3% Multiple: 2.0x
Market: Northern California
Unit Count: 48
Year Built: 1963
Date Acquired: 2015
Disposition Year: 2016
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Cambridge Park Apartments, it was the eighth acquisition in Northern California. 29SC's Strategy was to upgrade unit interiors, overhaul the landscaping, paint the exterior, and add new signage.
SOLD
IRR: 34.3% Multiple: 2.2x
Market: Northern California
Unit Count: 25
Year Built: 1927
Date Acquired: 2015
Disposition Year: 2018
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Hayward Eden Apartments, it was the ninth acquisition in Northern California. 29SC's Strategy was to upgrade unit interiors and enhance the exterior.
SOLD
IRR: 30.2% Multiple: 2.3x
Market: Northern California
Unit Count: 44
Year Built: 1960
Date Acquired: 2015
Disposition Year: 2019
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Hayward Plaza Verde, it was the tenth acquisition in Northern California. 29SC's Strategy was to upgrade unit interiors and enhance the exteriors.
SOLD
IRR: 30.2% Multiple: 2.2x
Market: Northern California
Unit Count: 25
Year Built: 1971
Date Acquired: 2016
Disposition Year: 2019
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Tradewinds, it was the thirteenth acquisition in Northern California. 29SC's Strategy was to upgrade units substantially and provide an exterior facelift.
SOLD
IRR: 19.0% Multiple: 1.6x
Market: Northern California
Unit Count: 64
Year Built: 1976
Date Acquired: 2011
Disposition Year: 2014
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold The Meadows, it was the first acquisition in the Northern California market. 29SC's Strategy was to focus on interior renovations as many exterior and common area amenities were recently improved.
SOLD
IRR: 23.8% Multiple: 3.2x
Market: Northern California
Unit Count: 35
Year Built: 1967
Date Acquired: 2014
Disposition Year: 2021
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC purchased Alice Court, its sixth acquisition in the Northern California market. 29SC's Strategy was to fully renovate 23 units and to add modern paint and landscaping upgrades.
SOLD
IRR: 78.6% Multiple: 2.2x
Market: Northern California
Unit Count: 23
Year Built: 1961
Date Acquired: 2013
Disposition Year: 2015
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold Oakland 1810, it was the second acquisition in the Northern California. 29SC's Strategy was to renovate unit interiors, paint the exterior, replace a roof, and overhaul the landscaping.
SOLD
IRR: 36.0% Multiple: 2.8x
Market: Northern California
Unit Count: 240
Year Built: 1974
Date Acquired: 2018
Disposition Year: 2022
Acquisition Manager: Casey Davis
cdavis@29thstreetcapital.com
29SC sold The Archer, 29SC's twenty-first acquisition in Northern California. 29SC's strategy was to upgrade unit interiors as well as enhance the clubhouse and pool area.
Colorado
Market: Denver
Unit Count: 424
Year Built: 2018
Date Acquired: 2021
Acquisition Manager: Rob Gersch
rgersch@29thstreetcapital.com
29SC purchased AVAIL, it was the eleventh acquisition in the Denver market. 29SC's Strategy is to enhance unit interiors, upgrade the landscaping, and paint the exterior.
Market: Denver
Unit Count: 201
Year Built: 1972
Date Acquired: 2019
Acquisition Manager: Jay Neal
jneal@29thstreetcapital.com
29SC purchased The Carson, its ninth acquisition in the Denver market. 29SC's Strategy is to modernize the property including new windows and exterior paint, as well as remodeling unit interiors.
Market: Denver
Unit Count: 266
Year Built: 2021
Date Acquired: 2021
Acquisition Manager: Rob Gersch
rgersch@29thstreetcapital.com
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.
Market: Denver
Unit Count: 135
Year Built: 1968
Date Acquired: 2018
Acquisition Manager: Jay Neal
jneal@29thstreetcapital.com
29SC purchased Southglenn Place, its eighth acquisition in the Denver market. 29SC's Strategy is to perform a light remodel of the unit interiors and enhance some of the communal areas.
SOLD
IRR: 28.7% Multiple: 3.8x
Market: Denver
Unit Count: 105
Year Built: 1968
Date Acquired: 2016
Disposition Year: 2022
Acquisition Manager: Rob Gersch
rgersch@29sc.com
29SC sold Wesley Apartments, its fifth acquisition in the Denver market. 29SC's strategy was to fully renovate all unit interiors and upgrade curb appeal.
SOLD
IRR: 31.5% Multiple: 2.5x
Market: Denver
Unit Count: 36
Year Built: 1962
Date Acquired: 2018
Disposition Year: 2021
Acquisition Manager: Jay Neal
jneal@29thstreetcapital.com
29SC sold Crestone and Phoenix Apartments, it was the seventh acquisition in the Denver market. 29SC's strategy was to enhance unit interiors, improve the amenities, and upgrade the landscaping.
SOLD
IRR: 31.5% Multiple: 2.3x
Market: Denver
Unit Count: 90
Year Built: 1973
Date Acquired: 2017
Disposition Year: 2020
Acquisition Manager: Jay Neal
jneal@29thstreetcapital.com
29SC sold Lakeview Heights, it was the sixth acquisition in the Denver market. 29SC's Strategy was to upgrade unit interiors, enhance the overall exterior, and improve the amenity package.
SOLD
IRR: 60.2% Multiple: 3.4x
Market: Denver
Unit Count: 110
Year Built: 1961
Date Acquired: 2015
Disposition Year: 2017
Acquisition Manager: Jay Neal
jneal@29thstreetcapital.com
29SC sold Asbury Plaza, it was the third acquisition in the Denver market. 29SC's Strategy was to perform interior unit renovations, common corridor upgrades, exterior amenity enhancements, and window replacements.
SOLD
IRR: 38.8% Multiple: 2.7x
Market: Denver
Unit Count: 142
Year Built: 1979
Date Acquired: 2011
Disposition Year: 2015
Acquisition Manager: Jay Neal
jneal@29thstreetcapital.com
29SC sold The Oaks, it was the first acquisition in the Denver market. 29SC's Strategy was to replace the roofs, windows, and balconies, as well as create a new leasing/management office.
SOLD
IRR: 43.3% Multiple: 3.0x
Market: Denver
Unit Count: 127
Year Built: 1999
Date Acquired: 2012
Disposition Year: 2015
Acquisition Manager: Jay Neal
jneal@29thstreetcapital.com
29SC sold Regis Place, it was the second acquisition in the Denver market. 29SC's Strategy was to improve the interior and exterior of the property.
SOLD
IRR: 26.4% Multiple: 1.6x
Market: Denver
Unit Count: 58
Year Built: 1972
Date Acquired: 2015
Disposition Year: 2017
Acquisition Manager: Jay Neal
jneal@29thstreetcapital.com
29SC sold Village West, it was the fourth acquisition in the Denver market. 29SC's Strategy was to renovate unit interiors, common corridor upgrades, exterior enhancements, repair patios/balconies, and to replace windows and roofs.
SOLD
IRR: 31.5% Multiple: 2.5x
Market: Denver
Unit Count: 76
Year Built: 1972
Date Acquired: 2018
Disposition Year: 2021
Acquisition Manager: Jay Neal
jneal@29thstreetcapital.com
29SC sold Crestone and Phoenix Apartments, it was the seventh acquisition in the Denver market. 29SC's strategy was to enhance unit interiors, improve the amenities, and upgrade the landscaping.
Florida
Market: Florida
Unit Count: 261
Year Built: 2003
Date Acquired: 2019
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC purchased Calais Park Apartments, its first acquisition in the Tampa Bay market. 29SC's Strategy is to upgrade unit interiors, modernize the clubhouse and outdoor kitchen, as well as install an outdoor locker system.
Market: Tampa
Unit Count: 315
Year Built: 1997
Date Acquired: 2021
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC Purchased Henley Tampa Palms, its 6th Florida area acquisition. 29SC's strategy is to fully renovate the remaining unit interiors, upgrade amenities, and repaint the exterior of the property.
Market: Clearwater
Unit Count: 188
Year Built: 1984
Date Acquired: 2021
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC purchased Enclave at Northwood, its seventh acquisition in the Florida market. 29SC's strategy is to fully renovate unit interiors, upgrade amenities, and cure minor maintenance items.
Market: Florida
Unit Count: 180
Year Built: 1974
Date Acquired: 2020
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC purchased Grove at Temple Terrace, its third acquisition in the Tampa Bay market. 29SC's Strategy is to renovate the clubhouse, add a new fitness center, grilling station, pool furniture, as well as upgrade unit interiors.
Market: Tampa
Unit Count: 321
Year Built: 1984
Date Acquired: 2020
Disposition Year: 2022
Acquisition Manager: Javier Bustillo
JBustillo@29sc.com
29SC purchased Bay Crossing Apartments, its eighth acquisition in the Tampa market. 29SC's strategy is to fully renovate unit interiors, upgrade amenities, and cure minor maintenance items.
SOLD
IRR: 35.0% Multiple: 2.1x
Market: Florida
Unit Count: 200
Year Built: 1986
Date Acquired: 2019
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Park at Pienza and Park at Avilla, it was the second acquisition in the Tampa Bay market. 29SC's Strategy was to restart the interior renovation program that was partially started.
SOLD
IRR: 25.2% Multiple: 1.9x
Market: Florida
Unit Count: 48
Year Built: 1968
Date Acquired: 2013
Disposition Year: 2015
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold 7420 Linda Apartments, it was the first acquisition in the Jacksonville market. 29SC's Strategy was to cure the deferred maintenance, completely renovate four units, and lightly renovate ten units.
SOLD
IRR: 82.5% Multiple: 2.6x
Market: Florida
Unit Count: 400
Year Built: 1972
Date Acquired: 2016
Disposition Year: 2018
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Summer Oaks, it was the second acquisition in the Jacksonville market. 29SC's Strategy was to rebrand the asset, add new lighting, enhance the leasing center, and improve the existing amenities.
SOLD
IRR: 43.5% Multiple: 1.7x
Market: Florida
Unit Count: 66
Year Built: 2010
Date Acquired: 2020
Disposition Year: 2021
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Town Park Villas, its fourth acquisition in the Tampa Bay market. 29SC's strategy was to repaint the exterior, improve landscaping, add multiple amenities, and upgrade unit interiors.
Georgia
Market: Atlanta
Unit Count: 25
Year Built: 1987
Date Acquired: 2019
Acquisition Manager: Justin Lancellotta
jlancellotta@29thstreetcapital.com
29SC purchased Shekinah Assisted Living Homes, its eighth in the Atlanta market. 29SC's Strategy is to renovate unit interiors, upgrade landscaping, the parking lot, and enhance curb appeal.
Market: Atlanta
Unit Count: 192
Year Built: 1984
Date Acquired: 2021
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC purchased Spalding Bridge Apartments, its twelfth acquisition in the Atlanta market. 29SC's Strategy is to renovate unit interiors, upgrade amenities, and cure deferred maintenance.
Market: Atlanta
Unit Count: 300
Year Built: 1974
Date Acquired: 2020
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC purchased Lake House at Martin's Landing, its eleventh acquisition in the Atlanta market. 29SC's Strategy is to upgrade the kitchen's in all units.
Market: Atlanta
Unit Count: 219
Year Built: 1985
Date Acquired: 2021
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC purchased Aqua at Sandy Springs, its 13th Atlanta area acquisition. 29SC's strategy is to fully renovate remaining unit interiors, upgrade amenities, and repaint the exterior of the property.
Market: Atlanta
Unit Count: 196
Year Built: 1996
Date Acquired: 2022
Acquisition Manager: Javier Bustillo
jbustillo@29sc.com
29SC purchased River Vista Apartments, its 14th Atlanta area acquisition. 29SC's strategy is to fully renovate the remaining unit interiors, upgrade amenities, and selectively repaint parts of the exterior of the property.
SOLD IRR: 32.6% Multiple: 2.5x
Market: Atlanta
Unit Count: 286
Year Built: 1973
Date Acquired: 2019
Disposition Year: 2017
Acquisition Manager: Javier Bustillo
jbustillo@29sc.com
29SC sold Cumberland Crossing, its ninth acquisition in the Atlanta market. 29SC's Strategy was to complete unit upgrades, improve amenities and curb appeal, and cure deferred maintenance.
SOLD
IRR: 18.7% Multiple: 2.0x
Market: Atlanta
Unit Count: 162
Year Built: 1983
Date Acquired: 2011
Disposition Year: 2017
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Summit @ Dawson, it was the third acquisition in the Atlanta market. 29SC's Strategy was to take advantage of the steeply discounted purchase price and bring the rents to market.
SOLD
IRR: 22.5% Multiple: 3.4x
Market: Atlanta
Unit Count: 332
Year Built: 1978 / 1972
Date Acquired: 2013
Disposition Year: 2020
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Birch Grove and Sycamore Chase, it was the fourth acquisition in the Atlanta market. 29SC's Strategy was to improve the curb appeal, upgrade unit interiors, and replace property management.
SOLD
IRR: 24.8% Multiple: 3.0x
Market: Atlanta
Unit Count: 318
Year Built: 1972
Date Acquired: 2011
Disposition Year: 2017
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Bella Apartments, it was the first acquisition in the Atlanta market. 29SC's Strategy was to take advantage of the discounted purchase price from short sale and replace property management.
SOLD
IRR: 17.7% Multiple: 1.7x
Market: Atlanta
Unit Count: 252
Year Built: 1988
Date Acquired: 2013
Disposition Year: 2016
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold The Reserve, it was the fifth acquisition in the Atlanta market. 29SC's Strategy was to upgrade unit interiors and amenities, renovate the clubhouse, paint the exterior, and add new vinyl siding.
SOLD
IRR: 44.1% Multiple: 2.6x
Market: Atlanta
Unit Count: 210
Year Built: 1986
Date Acquired: 2014
Disposition Year: 2017
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Baybridge @ The Pointes, it was the sixth acquisition in the Atlanta market. 29SC's Strategy was to upgrade the leasing center, replace fitness equipment, add a playground, rebrand the property, and upgrade unit interiors.
SOLD
IRR: 43.2% Multiple: 2.3x
Market: Atlanta
Unit Count: 268
Year Built: 2000
Date Acquired: 2000
Disposition Year: 2019
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Sugarloaf Apartments, it was the seventh acquisition in the Atlanta market. 29SC's Strategy was to upgrade unit interiors, enhance the grilling and picnic area, and cure deferred maintenance.
SOLD
IRR: 32.6% Multiple: 3.7x
Market: Atlanta
Unit Count: 272
Year Built: 1972
Date Acquired: 2011
Disposition Year: 2017
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Centre @ Peachtree, it was the second acquisition in the Atlanta market. 29SC's Strategy was to take advantage of the steeply discounted purchase price and to bring the rents to market.
SOLD
IRR: 64.8% Multiple: 3.1x
Market: Atlanta
Unit Count: 142
Year Built: 1998
Date Acquired: 2020
Disposition Year: 2022
Acquisition Manager: Javier Bustillo
jbustillo@29sc.com
29SC sold Knollwood Park, its tenth acquisition in the Atlanta market. 29SC's strategy was to complete unit upgrades, rebrand the asset, improve the amenities, and cure deferred maintenance.
Iowa
SOLD
IRR: 61.6% Multiple: 2.6x
Market: Iowa
Unit Count: 400
Year Built: 1966
Date Acquired: 2014
Disposition Year: 2016
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC sold Dolphin Point, it was the first acquisition in the Iowa City market. 29SC's Strategy was to hire new management, cure deferred maintenance, and renovate some of the down units.
Illinois
SOLD
IRR: 17.0% Multiple: 2.1x
Market: Chicago
Unit Count: 7
Year Built: 1920
Date Acquired: 2014
Disposition Year: 2020
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC sold Keeler Apartments, it was the second acquisition in the Chicago market. 29SC's strategy was to restore the hardwood floors, replace countertops, update the appliances and paint, and to replace windows.
SOLD
IRR: 27.9% Multiple: 2.0x
Market: Chicago
Unit Count: 8
Year Built: 1908 / 1992
Date Acquired: 2014
Disposition Year: 2017
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC sold Bridgeport Apartments, it was the first acquisition in the Chicago market. 29SC's strategy was to replace unit appliances, paint the facade, and replace windows and doorways.
SOLD
IRR: 15.4% Multiple: 1.8x
Market: Chicago
Unit Count: 42
Year Built: 1966
Date Acquired: 2017
Disposition Year: 2021
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC sold Rand Park, its fifth acquisition in the Chicago market. 29SC's strategy was to upgrade unit interiors, enhance the property’s curb appeal, and upgrade signage.
SOLD
IRR: 21.1% Multiple: 2.2x
Market: Chicago
Unit Count: 75
Year Built: 1924
Date Acquired: 2017
Disposition Year: 2021
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Rand Park, its sixth acquisition in the Chicago market. 29SC's Strategy was to upgrade unit interiors, enhance the property’s curb appeal, and upgrade signage.
SOLD
IRR: 19.6% Multiple: 1.6x
Market: Chicago
Unit Count: 32
Year Built: 1973
Date Acquired: 2018
Disposition Year: 2021
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC sold Warwick Apartments, its seventh acquisition in the Chicago market. 29SC's Strategy was to upgrade unit interiors, enhance the property’s curb appeal, and upgrade signage.
SOLD
IRR: 20.5% Multiple: 1.8x
Market: Chicago
Unit Count: 17
Year Built: 1975
Date Acquired: 2015
Disposition Year: 2019
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC sold 1443 Ashland, it was the third acquisition in the Chicago market. 29SC's Strategy was to upgrade interiors, improve curb appeal, and convert six 1-bedroom units into 2-bedroom units.
SOLD
IRR: 29.8% Multiple: 1.8x
Market: Chicago
Unit Count: 16
Year Built: 1959
Date Acquired: 2016
Disposition Year: 2019
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC sold River Road Apartments, it was the fourth acquisition in the Chicago market. 29SC's strategy was to convert large 1-bedroom units into 2-bedroom units, upgrade interiors, and give the exterior a facelift.
Kansas
Market: Overland Park
Unit Count: 280
Year Built: 1984
Date Acquired: 2021
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC Purchased Overland Station, its 1st Overland Park area acquisition. 29SC's strategy is to fully renovate remaining unit interiors, upgrade amenities, and repaint the exterior of the property.
Market: Lenexa
Unit Count: 228
Year Built: 2016
Date Acquired: 2022
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC purchased Greenwood Reserve Apartments, its third acquisition in the Kansas City market. 29SC's strategy is to upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
Kentucky
Market: Louisville
Unit Count: 120
Year Built: 1985
Date Acquired: 2021
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC purchased Skyview Apartments, its Sixth acquisition in the Louisville market. 29SC's strategy is to upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
Market: Louisville
Unit Count: 43
Year Built: 1920
Date Acquired: 2018
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC purchased Cloisters Apartments, its third acquisition in the Louisville market. 29SC's Strategy is to upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
Market: Louisville
Unit Count: 280
Year Built: 1972
Date Acquired: 2020
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC purchased Tanglewood Apartments, its fifth acquisition in the Louisville market. 29SC's Strategy is to upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
Market: Louisville
Unit Count: 434
Year Built: 2013/2015/2019
Date Acquired: 2022
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC purchased WaterSide at RiverPark Place, its eighth acquisition in the Louisville market. 29SC's strategy is to upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
Market: Louisville
Unit Count: 274
Year Built: 1979
Date Acquired: 2022
Acquisition Manager: Josh Lindley
jlindley@29sc.com
29SC purchased Ashton Brook Apartments, its ninth acquisition in the Louisville market. 29SC's strategy is to upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
SOLD
IRR: 23.8% Multiple: 2.8x
Market: Louisville
Unit Count: 120
Year Built: 1970
Date Acquired: 2016
Disposition Year: 2022
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC sold Willowbrook Apartments, its second acquisition in the Louisville market. 29SC's strategy was to upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
SOLD
IRR: 27.9% Multiple: 3.5x
Market: Louisville
Unit Count: 80
Year Built: 1967
Date Acquired: 2016
Disposition Year: 2022
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC sold Clifton Apartments, its first acquisition in the Louisville market. 29SC's strategy was to upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
SOLD
IRR: 47.7% Multiple: 1.6x
Market: Louisville
Unit Count: 94
Year Built: 1968
Date Acquired: 2020
Disposition Year: 2022
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC sold The Reserve at Lindsay, its fourth acquisition in the Louisville market. 29SC's strategy was to upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
Maryland
Market: Silver Spring
Unit Count: 232
Year Built: 2014
Date Acquired: 2023
Acquisition Manager: Brian Berry
bberry@29thstreetcapital.com
29SC purchased Maven at Wheaton, its first acquisition in the Silver Spring market. 29SC's strategy is to complete unit upgrades, improve amenities and curb appeal, and cure deferred maintenance.
MISSOURI
Market: Kansas City
Unit Count: 226
Year Built: 1922
Date Acquired: 2022
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC purchased Cold Storage Lofts, its second acquisition in the Kansas City market. 29SC's strategy is to convert the remaining affordable housing units to market rate units, upgrade unit interiors, enhance the property’s exterior, and cure various deferred maintenance items.
North Carolina
Market: Carolinas
Unit Count: 272
Year Built: 1970
Date Acquired: 2015
Acquisition Manager: Josh Lindley
jlindley@29thstreetcapital.com
29SC purchased Rippling Stream Townhomes, its first acquisition in the North Carolina market. 29SC's strategy is to paint the exterior, upgrade unit interiors, and build a fitness center.
Nevada
Market: Las Vegas
Unit Count: 188
Year Built: 2005
Date Acquired: 2019
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC purchased Willows at Town Center, its fourth acquisition in the Las Vegas market. 29SC's Strategy is to paint the exterior, upgrade unit interiors, and enhance the fitness center and pool area.
SOLD
IRR: 37.2% Multiple: 2.9x
Market: Las Vegas
Unit Count: 208
Year Built: 1981
Date Acquired: 2014
Disposition Year: 2017
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Country Hills, it was the first acquisition in the Las Vegas market. 29SC's Strategy was to replace countertops, appliances, flooring, as well as repaint.
SOLD
IRR: 46.0% Multiple: 1.9x
Market: Las Vegas
Unit Count: 218
Year Built: 1987
Date Acquired: 2017
Disposition Year: 2019
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Woodlake Villas, it was the second acquisition in the Las Vegas market. 29SC's Strategy was to complete unit upgrades, improve the property's amenities, landscape, paint the exterior and cure deferred maintenance.
SOLD IRR: 53.7% Multiple: 1.9x
Market: Las Vegas
Unit Count: 312
Year Built: 1983
Date Acquired: 2018
Disposition Year: 2019
Acquisition Manager: Dusty Eddy
deddy@29thstreetcapital.com
29SC sold Promenade in Sahara, it was the third acquisition in the Las Vegas market. 29SC's Strategy was to upgrade the units, improve the property's amenities, cure deferred maintenance, and bring rents up to market.
Ohio
Market: Columbus
Unit Count: 656
Year Built: 1998
Date Acquired: 2022
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Hilliard Station Apartments, its eleventh acquisition in the Columbus market. 29SC's strategy is to fully renovate unit interiors, replace all the roofs and windows, and cure minor maintenance items.
Market: Columbus
Unit Count: 320
Year Built: 1999
Date Acquired: 2021
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Harvest Glen Apartments, its sixth acquisition in the Columbus market. 29SC's strategy is to renovate all remaining classic units, upgrade existing amenities, and cure deferred maintenance.
Market: Columbus
Unit Count: 372
Year Built: 1987
Date Acquired: 2022
Acquisition Manager: Dan Howard
dhoward@29sc.com
29SC purchased Hickory Creek Apartments, its tenth acquisition in the Columbus market. 29SC's strategy is to fully renovate unit interiors, replace all the roofs and windows, and cure minor maintenance items.
Market: Columbus
Unit Count: 189
Year Built: 2005/2016
Date Acquired: 2020
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Preserve at Winchester Crossing, its seventh acquisition in the Columbus market. 29SC's Strategy is to renovate unit interiors, upgrade amenities, and cure deferred maintenance.
Market: Cincinnati
Unit Count: 234
Year Built: 1988
Date Acquired: 2021
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Remington Place Apartments, its first acquisition in the Cincinnati market. 29SC's strategy is to renovate all remaining classic units, upgrade existing amenities, and cure deferred maintenance.
Market: Columbus
Unit Count: 404
Year Built: 1962
Date Acquired: 2020
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Steeplechase Village Apartments, its fifth Columbus area acquisition. 29SC's strategy is to fully renovate remaining unit interiors, add a fitness center, and add a dog park.
Market: Columbus
Unit Count: 238
Year Built: 1988
Date Acquired: 2021
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Highland Parks Apartments, its ninth acquisition in the Columbus market. 29SC's strategy is to renovate all remaining classic units, upgrade existing amenities, and cure deferred maintenance.
Market: Columbus
Unit Count: 216
Year Built: 1987
Date Acquired: 2021
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Residence at Turnberry Apartments, its tenth acquisition in the Columbus market. 29SC's strategy is to renovate all remaining classic units, upgrade existing amenities, and cure deferred maintenance.
Market: Columbus
Unit Count: 124
Year Built: 1996
Date Acquired: 2022
Acquisition Manager: Dan Howard
dhoward@29sc.com
29SC purchased Aspire, its 12th acquisition in the Columbus market. 29SC's strategy is to fully renovate unit interiors, replace all the roofs and windows, and cure minor maintenance items.
SOLD
IRR: 33.3% Multiple: 2.4x
Market: Columbus
Unit Count: 180
Year Built: 1989
Date Acquired: 2022
Acquisition Manager: Dan Howard
dhoward@29sc.com
29SC sold Brittany Bay Townhomes, its third acquisition in the Columbus market. 29SC's strategy was to fully renovate unit interiors, improve existing amenities, and cure minor maintenance items..
SOLD
IRR: 33.3% Multiple: 2.4x
Market: Columbus
Unit Count: 64
Year Built: 1991
Date Acquired: 2018
Disposition Year: 2023
Acquisition Manager: Dan Howard
dhoward@29sc.com
29SC sold Waterford Harbour Apartments, its second acquisition in the Columbus market. 29SC's strategy was to fully renovate unit interiors, enhance all existing amenities, and cure minor maintenance items.
SOLD
IRR: 48.3% Multiple: 3.7x
Market: Columbus
Unit Count: 194
Year Built: 1970
Date Acquired: 2018
Disposition Year: 2022
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC Purchased Shaker Square Townhome Apartments, its first Columbus area acquisition. 29SC's strategy is to fully renovate remaining unit interiors, upgrade amenities, and deferred maintenance.
SOLD
IRR: 39.4% Multiple: 2.7x
Market: Columbus
Unit Count: 84
Year Built: 1987
Date Acquired: 2019
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Hidden Acres Apartments, its fourth acquisition in the Columbus market. 29SC's strategy is to renovate all interior units, improve the parking lots, and cure deferred maintenance.
SOLD
IRR: 37.1% Multiple: 2.4x
Market: Columbus
Unit Count: 124
Year Built: 1964
Date Acquired: 2019
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Andrus Court Apartments, its fourth acquisition in the Columbus market. 29SC's strategy is to fully renovate unit interiors, replace all the roofs and windows, and cure minor maintenance items.
Texas
Market: Houston
Unit Count: 368
Year Built: 2008
Date Acquired: 2018
Acquisition Manager: Doug Burt
dburt@29thstreetcapital.com
29SC purchased Sommerall Station Apartments, its seventh acquisition in the Houston market. 29SC's Strategy is to focus on light interior upgrades and enhancing curb appeal.
Market: Houston
Unit Count: 254
Year Built: 2005
Date Acquired: 2021
Acquisition Manager: Doug Burt
dburt@29thstreetcapital.com
29SC Grove at Sterling Ridge Apartments, its 11th Houston area acquisition. 29SC's strategy is to renovate unit interiors, upgrade amenities, and improving the landscaping.
Market: Houston
Unit Count: 284
Year Built: 2017
Date Acquired: 2022
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC Purchased The Highbank, its 17th Houston acquisition. 29SC's strategy is to do light interior enhancements, upgrade amenities, and improve the exterior of the property.
Market: Houston
Unit Count: 350
Year Built: 2017
Date Acquired: 2020
Acquisition Manager: Doug Burt
dburt@29thstreetcapital.com
29SC purchased Greenhouse, its tenth acquisition in the Houston market. 29SC's Strategy is to maintain the quality of the asset and operations as we were able to acquire the property at a steep discount to other class A properties.
Market: San Marcos
Unit Count: 488
Year Built: 1998
Date Acquired: 2017
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased The Reserve at West Avenue, its second San Marcos area acquisition. 29SC's strategy is to renovate unit interiors, upgrade amenities, and improve the landscaping.
SOLD
IRR: 88.6% Multiple: 2.8x
Market: San Antonio
Unit Count: 308
Year Built: 1969/1984
Date Acquired: 2022
Acquisition Manager: Dan Howard
dhoward@29sc.com
29SC sold Live Oak Apartments, its second acquisition in the San Antonio market. 29SC's strategy was to fully renovate the unimproved units and improve the lightly renovated units.
Market: Houston
Unit Count: 224
Year Built: 1990
Date Acquired: 2021
Acquisition Manager: Doug Burt
dburt@29thstreetcapital.com
29SC Purchased Helix Medical Center Apartments, its 12th Houston area acquisition. 29SC's strategy is to renovate unit interiors, upgrade amenities, and improve the landscaping.
Market: Houston
Unit Count: 362
Year Built: 2008
Date Acquired: 2021
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC Purchased San Cierra Apartments, its 14th Houston area acquisition. 29SC's strategy is to do light interior enhancements, upgrade amenities, and improve the exterior of the property.
Market: San Marcos
Unit Count: 492
Year Built: 2005
Date Acquired: 2016
Disposition Year: 2016
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased Villagio, its first acquisition in the San Marcos market. 29SC's strategy is to update the interiors, renovate the clubhouse and pool area, and enhance the amenities.
Market: San Marcos
Unit Count: 553
Year Built: 2001
Date Acquired: 2013
Disposition Year: 2018
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC purchased The Lodge, its third San Marcos area acquisition. 29SC's strategy is to renovate unit interiors, upgrade amenities, and improving the landscaping.
Market: Houston
Unit Count: 320
Year Built: 2000
Date Acquired: 2022
Acquisition Manager: Doug Burt
dburt@29thstreetcapital.com
29SC Purchased Villas at Hermann Park, its 15th Houston area acquisition. 29SC's strategy is to renovate unit interiors, upgrade amenities, and improve the landscaping.
Market: Houston
Unit Count: 224
Year Built: 2009
Date Acquired: 2022
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC Purchased Venue Museum District, its 16th Houston acquisition. 29SC's strategy is to do light interior enhancements, upgrade amenities, and improve the exterior of the property.
Market: San Marcos
Unit Count: 669
Year Built: 1998
Date Acquired: 2015
Disposition Year: 2018
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC sold The Edge, its fourth San Marcos area acquisition. 29SC's strategy was to renovate unit interiors, upgrade amenities, and improving the landscaping.
SOLD
IRR: 36.2% Multiple: 2.3x
Market: Houston
Unit Count: 284
Year Built: 1982
Date Acquired: 2016
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Barringer Square, its sixth acquisition in the Houston market. 29SC's strategy was to fully renovate all 284 units and to add new amenities and cure deferred maintenance.
SOLD
IRR: 30.6% Multiple: 3.5x
Market: Houston
Unit Count: 308
Year Built: 1970
Date Acquired: 2015
Disposition Year: 2020
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Casa Palmas, it was the fourth acquisition in the Houston market. 29SC's Strategy was to take advantage of the recent improvements by the Seller and focus on some interior and curb appeal upgrades.
SOLD
IRR: 23.2% Multiple: 2.1x
Market: Dallas-Fort Worth
Unit Count: 250
Year Built: 1984
Date Acquired: 2013
Disposition Year: 2017
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Southern Hills, it was the first acquisition in the Dallas-Fort Worth market. 29SC's Strategy was to repair siding, paint, upgrade landscaping, unit interiors, amenities, and rebrand the property.
SOLD
IRR: 15.3% Multiple: 1.6x
Market: San Antonio
Unit Count: 192
Year Built: 1986
Date Acquired: 2013
Disposition Year: 2016
Acquisition Manager: Dan Howard
dhoward@29thstreetcapital.com
29SC sold Spice Creek Apartments, it was the first acquisition in the San Antonio market. 29SC's Strategy was to replace property management as well as add washer/dryer connections, replace the flooring, and replace the appliances.
SOLD
IRR: 25.6% Multiple: 3.2x
Market: Houston
Unit Count: 531
Year Built: 1978
Date Acquired: 2014
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Woods on Lamonte, its first acquisition in the Houston market. 29SC's strategy was to renovate all 531 units and add an amenity package.
SOLD
IRR: 38.0% Multiple: 2.3x
Market: Houston
Unit Count: 438
Year Built: 1999
Date Acquired: 2019
Disposition Year: 2021
Acquisition Manager: Doug Burt
dburt@29thstreetcapital.com
29SC purchased Limestone Apartments, its eighth acquisition in the Houston market. 29SC's Strategy was to focus on interior renovations as well as enhancing the common area amenities.
SOLD
IRR: 22.7% Multiple: 1.7x
Market: Houston
Unit Count: 314
Year Built: 1984
Date Acquired: 2016
Disposition Year: 2018
Acquisition Manager: Javier Bustillo
jbustillo@29thstreetcapital.com
29SC sold Crow's Nest and Harbor Walk, which together represent the League City Portfolio. It was the fifth acquisition in the Houston market. 29SC's Strategy was to upgrade kitchens and improve the curb appeal.
SOLD
IRR: 44.9% Multiple: 2.2x
Market: Houston
Unit Count: 318
Year Built: 1998
Date Acquired: 2019
Disposition: 2022
Acquisition Manager: Doug Burt
dburt@29thstreetcapital.com
29SC sold 14220 at Park Row, its ninth acquisition in the Houston market. 29SC's strategy was to rebrand the asset and complete unit interior renovations.
SOLD IRR: 31.7% Multiple: 2.6x
Market: Houston
Unit Count: 284
Year Built: 1982
Date Acquired: 2015
Disposition Year: 2018
Acquisition Manager: Javier Bustillo
JBustillo@29sc.com
29SC sold The Edge Apartments, its third Houston area acquisition. 29SC's strategy was to renovate unit interiors, upgrade amenities, and improve the landscaping.
Utah
SOLD
IRR: 60.5% Multiple: 4.6x
Market: Salt Lake City
Unit Count: 43
Year Built: 1997
Date Acquired: 2018
Disposition: 2021
Acquisition Manager: Rob Gersch
rgersch@29thstreetcapital.com
29SC sold Twin Trees Apartments, its first acquisition in the Salt Lake City market. 29SC's strategy primarily focused on unit interiors, landscaping, AC/water heater replacements, and curb appeal enhancements.
Virginia
Market: Alexandria
Unit Count: 240
Year Built: 2014
Date Acquired: 2021
Acquisition Manager: Brian Berry
bberry@29thstreetcapital.com
29SC purchased The Shelby Apartments, its first acquisition in the Alexandria market. 29SC's strategy is to complete unit upgrades, improve amenities and curb appeal, and cure deferred maintenance.
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