29th Street Capital Real Estate Investments

Time 2020-09-23 22:05:34

Web Name: 29th Street Capital Real Estate Investments

WebSite: http://29thstreetcapital.com

ID:57459

Keywords:

Street,th,Capital,

Description:

A hands-on approach, to every aspect of investment. We are a national platform with a local, boots-on-the-ground approach. GET TO KNOW US 29th Street Capital (29SC) is a privately held real estate investment firm with offices in San Francisco and Chicago. The firm was founded in 2009 to capitalize on the dislocation in the United States real estate markets, and the partners continue to manage the firm as a dynamic and entrepreneurial business.  To date, 29SC has acquired over $1 billion of total assets with local acquisition managers in over 14 markets across the U.S.  Our “boots on the ground” presence in each target market gives our team the benefit of sourcing off-market deals where we can execute on our value-add/repositioning investment strategy.As a vertically integrated company, we are able to take a hands-on approach to every aspect of the investment and align our interests with investors. Equity commitments typically range between $3-30 million ($10-100 million in total capital) per deal to avoid competition of institutions.  Currently, 29th Street Capital focuses on three asset classes within the domestic real estate market. 29SC began investing in Single Family Residential (SFR) in 2009 to purchase distress assets from banking institutions.  The SFR business unit eventually developed into a portfolio of over 2,000 single family homes for rent taken public in the Canadian Stock Market as part of Tricon American Homes (Ticker: TCN.TO).  In 2011, 29SC created a distressed debt business unit that acquired troubled real estate assets which were under the institutional radar primarily from local and community banks.  These smaller banks were facing an immediate need to recapitalize their balance sheet forced by government agencies as part of loss-share agreements so there was a window of opportunity to add discounted loans to our portfolio.  As the market improved, these opportunities became scarcer and the amount of risk increased so 29SC decided to liquidate these assets.  In 2011, 29SC’s principals also decided to leverage the existing leasing, property management and construction teams in the SFR business to expand into value-add multifamily.  This business unit began in Oakland, CA, quickly expanding into 11 markets with local acquisition managers in each. 29SC’s current portfolio is made up of over 10,000 units centered around value-add/repositioning multifamily opportunities that are below the institutional radar with limited competition.Overall, all three business units have invested over $850 million in equity and over $2 billion of total assets.29SC in the PressPress 29th Street Capital Acquires Live Oak Place Apartments; Property is Firm’s Second San Antonio-Area Acquisition September 10, 2020 29th Street Capital Acquires Greenhouse Apartments; Property is Firm’s 11th Houston-Area Acquisition August 27, 2020August 27, 2020 29th Street Capital Expands Reach in Atlanta; Royce Baptist to Source Multifamily Acquisitions July 14, 2020July 14, 2020 29th Street Capital Expands to Carolinas; Adam V. Robinson to Source Multifamily Deals July 7, 2020 Rob Gersch to Lead 29SC’s Acquisitions in Rocky Mountain Region May 12, 2020May 12, 2020 29th Street Capital Weathers COVID-19, Capitalizes on New Opportunities May 8, 2020May 14, 2020 29th Street Capital Acquires Knollwood Park Apartment Homes, Community is Firm’s Tenth Atlanta-Area Acquisition March 10, 2020 29th Street Capital to Develop Broadway Apartments in Sacramento, A Workforce Housing Opportunity Zone Project October 16, 2019October 16, 2019 29th Street Capital Acquires 14220 at Park Row Apartments; Community is Firm’s Tenth Houston-Area Acquisition September 24, 2019 29th Street Capital Expands Denver Portfolio; Acquires The Carson Apartments June 14, 2019June 14, 2019 29th Street Capital Expands Phoenix-Area Portfolio; Acquires Las Casitas Apartments June 14, 2019 29th Street Capital Acquires Terrace at Fair Oaks Apartments; Property is Firm’s Sixth Sacramento-Area Acquisition May 31, 2019June 12, 2019 29th Street Capital Acquires Cumberland Crossing Apartments; Community is Firm’s Ninth Atlanta-Region Acquisition May 30, 2019June 4, 2019 29SC Adds Jason de Guzman to Head Acquisitions in Los Angeles March 29, 2019 29SC Adds Kevin Smith to Head Opportunity Zone Development in Northern California March 28, 2019 29th Street Capital Acquires Limestone Apartments; Community is Firm’s Ninth Houston-Area Acquisition March 12, 2019 29th Street Capital Expands Tampa Bay Area Portfolio; Acquires Avenue @ Creekbridge and The Park at Pienza Apartments March 1, 2019November 7, 2019 29th Street Capital Acquires Senior Housing Community; Acquires Shekinah Home, Ga. Assisted Living Community March 1, 2019March 1, 2019 29th Street Capital Acquires Calais Park Apartments; Community is Firm’s First Tampa-St. Petersburg Area Acquisition February 14, 2019March 1, 2019 29th Street Capital Acquires The Dylan Apartments; Community is Firm’s First San Diego County Acquisition January 31, 2019 29th Street Capital Acquires Willows at Town Center Apartments; Community is Firm’s Fourth Las Vegas-Area Acquisition January 28, 2019January 28, 2019 29th Street Capital Expands Denver Portfolio; Acquires Southglenn Place Apartments November 28, 2018November 28, 2018 29th Street Capital Expands Phoenix Area Portfolio; Acquires Argenta Apartments November 15, 2018November 15, 2018 29th Street Capital Expands Houston Area Portfolio; Acquires Cali Sommerall Apartments October 30, 2018 29th Street Capital Acquires River Blu Apartments; Firm s Fifth Sacramento Acquisition September 28, 2018 29th Street Capital Expands into Senior Housing; Erik Kolacinski to Source Deals Nationally July 9, 2018 29th Street Capital Acquires Twin Trees Apartments; Community is Firm s First Salt Lake City-Area Acquisition June 29, 2018September 28, 2018 29th Street Capital Expands Denver Portfolio; Acquires Crestone and Phoenix Apartments May 22, 2018June 29, 2018 29th Street Capital Hires in Florida; Ryan Smyth to Seek Multifamily Deals in Central Florida May 21, 2018May 21, 2018 29th Street Capital Expands into Military Housing; Bryson Clements to Source Military Housing Acquisitions May 11, 2018May 11, 2018 29th Street Capital Acquires 7th Chicago-Area Acquisition April 26, 2018 29th Street Capital Expands Student Housing Portfolio March 16, 2018March 16, 2018 29th Street Capital Acquires Third Louisville-Area Property March 5, 2018March 7, 2018 29th Street Capital Acquires Second Sacramento-Area Property January 26, 2018January 29, 2018 29th Street Capital Acquires Third Las Vegas-Area Property January 19, 2018January 22, 2018 29th Street Capital Acquires 10th Phoenix-Area Multifamily Property November 28, 2017November 30, 2017 29th Street Capital Expands to Southern California; Richard Marshall to Source Multifamily Deals September 11, 2017September 11, 2017 29th Street Capital Acquires 6th Chicago-Area Property August 17, 2017August 17, 2017 29th Street Capital Acquires First Sacramento Multifamily Property June 16, 2017June 23, 2017 29th Street Capital Acquires 5th Chicago-Area Property June 6, 2017June 22, 2017 29th Street Capital Acquires 16th Bay Area Multifamily Property June 6, 2017June 22, 2017 29th Street Capital Acquires 2nd Student Housing Community at Texas State University June 5, 2017June 22, 2017 29th Street Capital Acquires 2nd Las Vegas-Area Property April 27, 2017June 22, 2017 29th Street Capital Acquires 13th Bay Area Multifamily Property April 11, 2017June 22, 2017 29th Street Capital Acquires 7th Phoenix-Area Property January 26, 2017January 26, 2017 29th Street Capital Acquires 11th Bay Area Multifamily Property January 26, 2017 29th Street Capital Acquires 2nd Florida Property January 26, 2017 29th Street Capital Acquires 2nd Louisville Multifamily Property January 26, 2017 29th Street Capital Acquires Louisville Apartments October 31, 2016 29th Street Capital Acquires 8th Bay Area Multifamily Property October 26, 2016October 26, 2016 29th Street Capital Acquires Seventh Houston Area Multifamily Community October 6, 2016October 26, 2016 29th Street Capital Acquires Fifth Metro Denver Property September 16, 2016October 26, 2016 29th Street Capital Acquires Des Plaines Apartments September 9, 2016October 26, 2016 29th Street Capital Acquires Student Housing Property at TSU June 30, 2016August 30, 2016 29th Street Capital Expands Into Orlando June 23, 2016August 30, 2016 29th Street Capital Acquires Sixth Phoenix/East Valley Property June 1, 2016August 30, 2016 29th Street Capital Acquires 5th Property in Phoenix/Scottsdale Area April 15, 2016August 30, 2016 29th Street Capital Sells 400-unit Property in Iowa City April 3, 2016August 30, 2016 29th Street Capital Acquires League City, Tex. Apartment Portfolio February 23, 2016August 30, 2016 29th Street Capital Acquires 11th East Bay Multifamily Property Deal is Firm’s Fifth Recent Hayward, Cal. Deal February 1, 2016August 30, 2016 29th Street Capital Acquires Apartments on Houston’s East Side September 30, 2015August 30, 2016 29th Street Capital Acquires Apartments in Northwest Denver Suburb September 24, 2015August 30, 2016 29th Street Capital Acquires East Bay Area Apartments July 7, 2015August 30, 2016 29th Street Capital Acquires Durham Apartments June 16, 2015August 30, 2016 More Phoenix-Area Apartments Acquired by 29th Street Capital April 6, 2015August 30, 2016 29th Street Capital Acquires Denver Multifamily Community March 16, 2015August 30, 2016

TAGS:Street th Capital 

<<< Thank you for your visit >>>

Hot Websites