Wednesday, June 17, 2015

29th Street Capital Acquires Durham Apartments; Acquisition is Firm’s First in North Carolina


Seven Oaks Townhomes, 200 Seven Oaks Road, Durham, NC

Durham, NC – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, acquired the Seven Oaks Townhomes at 200 Seven Oaks Road in Durham, N.C. this month. The new owner plans $1 million worth of renovations for the 272-unit multifamily community.

David Berrien
“This is the first of many acquisitions we plan in the Carolinas,” said David Berrien, 29SC’s Vice President of Acquisitions for the Carolinas.

 “Seven Oaks is the only townhome-style community – which is popular with families – in the area. It’s also close to work, recreation and education centers in one of the fastest-growing areas of the U.S.”

Forbes calls The Raleigh-Durham/Chapel Hill area one of America’s best cities for Young Professionals. It grew by roughly half between 2000 and 2010, and ranked last year in the Top Five in the nation for job growth.

Seven Oaks is less than five miles from downtown Durham, and about 15 miles from Research Triangle Park, the state’s economic hub. 

It is in an excellent school district, near Eno River State Park, and convenient to the area’s best shopping venues. It is also within a few miles of Duke University, UNC-Chapel Hill and NC State University.

The community has been renovated within the past three years, and 29SC plans even more improvements. These include adding a fitness center, installing screen doors, and upgrading the exteriors and the pool area.

For investment  inquiries, contact:
Stan Beraznik, Founder and Managing Principal at 29th Street Capital

For a complete copy of the company’s news release, please contact:

Thornton Communications
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