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29th Street Capital Website
29th Street Capital Overview
29th Street Capital (29SC) is a privately held real estate investment and advisory firm founded in 2009 in response to the dislocation in the U.S. real estate and credit markets. 29SC’s strategy is to acquire non-institutional real estate in markets where the Principals have experience and a proven track record. To date, 29SC has acquired over $3B of total assets with local acquisition managers in over 23 markets across the U.S. Our “boots on the ground” presence in each target market gives our team the benefit of sourcing off-market transactions where we can execute on our value-add investment strategy.
.2Our firm brings over 250 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. We continue to focus on value-add multifamily, student housing and senior living which are typically between $10-50MM in total capital, just below the institutional radar.
Address
20 N Wacker Suite 2050
Chicago,
Illinois
60606
Year Founded
2009
Operates In
Illinois
Asset Classes
Multifamily
Accepted Investors
Accredited
Verified Investor
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"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.