Saturday, April 16, 2016

29th Street Capital Acquires 5th Property in Phoenix/Scottsdale Area

Ridge View Apartments, Fountain Hills, AZ

Dusty Eddy
Phoenix, AZ – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, in conjunction with Clear Sky Capital, has acquired Ridge View Apartments, a 150-unit apartment complex in Fountain Hills, Arizona.  29SC’s strategy is to invest $810,000 worth of renovations to significantly upgrade the interiors and to enhance the exteriors of the property.

“This is the fifth acquisition we have made in the Phoenix/Scottsdale market in just over one year, with another property under contract in the East Valley, closing later this quarter,” said Dusty Eddy, 29SC’s Vice President of Acquisitions for Phoenix, Las Vegas and San Diego. 

“We are excited about the opportunity to acquire a quality asset, with plenty of value-add potential, in such a desirable location.”

Ridge View Apartments resides within the city of Fountain Hills, an affluent suburb northeast of Scottsdale. Ridge View is just minutes east of the Loop 101, which provides access throughout the entire metro area and is conveniently located near some of the largest and most desirable job centers in the Valley including the Scottsdale Airpark, the “Cure Corridor,” and Downtown (Old Town) Scottsdale. 

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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