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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.