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.