29th Street Capital
29th Street Capital
2009
—
Chicago, IL
Illinois
Multifamily
Accredited
29th Street Capital Reviews
1Invest Clearly reviews are real experiences from verified investors. Here's
Strong communication, mixed results
29SC Capital has been one of the best GPs to me in terms of transparency and communication. They are responsive, provide regular updates, and appear receptive to questions and feedback-which is an often under appreciated quality in a sponsor. That said, performance ultimately matters most. Out of four deals invested, two are currently underperforming, 1 performing but no distribution and another is performing and distributing cash flow. While the real estate market has certainly been challenging many comparable sponsors have managed to stabilize assets by now or adapt another strategy. So, I'm holding off on any new investments with this Sponsor until I see the underperforming deals make a positive turn around. They have a stellar track record so I'll be optimistic until proven otherwise.