Thursday, September 24, 2015

29th Street Capital Acquires Apartments in Northwest Denver Suburb

Village West Apartments, Arvada, CO
Arvada, CO (Sept. 24, 2015) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Village West, a 58-unit multifamily community in the sought-after Denver suburb of Arvada, Colorado. 

29SC was able to source the acquisition off-market, avoiding the competitive bidding processes common in the Denver multifamily transactions market.

29SC plans to invest approximately $1.1 million (or $19,000 per unit) to improve Village West’s exterior, interiors and amenities, bringing the property in line with comparable apartment communities in the submarket.

“Village West is our second recent acquisition in the Denver metro, with others on the horizon as we continue to build our presence in Colorado,” said Todd Jaycox, Senior Vice President of Acquisitions for 29SC.

Stan Beraznik
“Our goal is to dramatically improve the property’s physical condition and offer an updated, yet affordable, rental option in a highly-desirable suburban location. 

"Village West will benefit greatly from strategic improvements designed to modernize the community and increase its appeal.”

 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:

 Terri Thornton
Partner, Thornton Communications
p:404-932-4347 | |

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