WELCOME TO 29TH STREET CAPITAL
29th Street Capital is a privately held real estate investment firm based in Irvine, California. 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.
Our firm brings over 100 years of institutional and capital market experience to every relationship. As a vertically integrated company we are able to take a hands-on approach to every aspect of the investment. Equity commitments typically range between $2-10 million per deal, and involve the acquisition or recapitalization of real estate assets and portfolios. Currently, 29th Street Capital focuses on three asset classes within the domestic real estate market:
Single-family residential - Current rental portfolio of over 1,400 homes with an estimated value of $250MM
Multi-family residential - Have acquired 22 properties totaling over 4,000 units in 7 states
Distressed debt - Have purchased nearly $120MM worth of non-performing loans in the last 18 months
We have invested over $500 million since our inception. The firm continues to identify and pursue strategic investments ahead of the broader market and below the radar of our institutional peers.
29th Street Capital has a niche acquisition criteria that seeks out investments which are under the institutional radar in both equity and property size. We focus on properties which are suffering from deferred maintenance, mismanagement, absentee owners, and/or capital constraints. By entering markets where we already...
29th Street Capital has acquired over 5,000 units in single-family, multi-family and distressed debt assets in California, Nevada, Arizona, Texas, Colorado and Georgia. This platform includes both stabilized and...
29th Street Capital Acquires Value-Add deal in Marietta, GA
29th Street Capital (29SC), through its high net worth fund, has closed on Pointes of Marietta, a 210-unit apartment community located in Marietta, GA. The Property is located on the west side of Marietta in Cobb County and just off of Powder Springs Rd in a rapidly improving submarket with limited multifamily supply. The entire area is poised to benefit from the impending re-location of the Atlanta Braves to Cobb County in 2017 and all of the new development and business opportunities that will come along with it.
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