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29th Street Capital Closes Seventh Louisville Area Acquisition With 120-Unit Multifamily Portfolio in Jeffersontown, Kentucky Submarket

JEFFERSONTOWN, KY – 29th Street Capital (29SC), a privately-held real estate operator, has acquired a Class B, 120-unit, three property multifamily portfolio located in the Jeffersontown submarket of Louisville, Kentucky. The new owner will be rebranding the apartments - currently known as Hickory Hill, Farish and Willow Creek - to Skyview Commons.
29SC plans to make improvements to unit interiors including adding upgraded appliances, granite countertops, washers and dryers, modern vinyl. ....

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29th Street Capital Acquires ArtSpace Building in Downtown Louisville for Adaptive Reuse Apartment Redevelopment Project


LOUISVILLE, KY – Privately-held real estate investment firm 29th Street Capital (29SC) announces the acquisition of The ArtSpace building – a 10-story office building located in downtown Louisville. The project marks the firm’s first adaptive reuse redevelopment, which will transform the office space into 45 one- and two-bedroom apartments. The property was built in 1925 and is connected to the historic Brown Hotel and Theatre. Haven Residential, 29SC’s in-house property management company, will oversee management and leasing.  
The 46,000-square-foot property is in the heart of one of Louisville’s Qualified Opportunity Zones (QOZ). By developing in a QOZ, 29SC is investing in underserved communities, generating economic growth and providing tax benefits to investors and equity partners.   ....

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29th Street Capital acquires 280-unit apartment complex in Kansas City area


29th Street Capital acquires 280-unit apartment complex in Kansas City area
May 12, 2021
Privately-held real estate investment firm 29th Street Capital has acquired 79 Metcalf Apartments in Overland Park, Kansas. The purchase marks the firm’s first multifamily acquisition in the Kansas City metro area.
Built in 1984, 79 Metcalf Apartments is a 280-unit Class-C community. 29SC’s capital improvement plan includes a full renovation of all units, enhancing amenities and installing new exterior siding.
29SC’s in-house property management service, Haven Residential, will oversee management and leasing.
79 Metcalf Apartments is located at 7843 Riley St., about 10 miles southwest of downtown Kansas City. It is conveniently situated among large employment centers. The walkable downtown location features several dining options, retailers and parks just a few blocks away. ....

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