Wednesday, August 31, 2016

29th Street Capital Expands to Pacific Northwest; Heninger Seeks Portland and Seattle Value-Add Apartment Deals

Barry Heninger
Portland, Or – Barry Heninger has joined 29th Street Capital (29SC) as Senior Vice President of Multifamily Acquisitions for the Pacific Northwest.

Heninger is responsible for all facets of the privately-held real estate investment and advisory firm’s multifamily acquisitions and asset management strategies in this region.

 His first tasks include helping 29SC expand its platform in the Portland and Seattle areas by looking at value-add and opportunistic acquisition targets.

“Barry has significant experience in the Pacific Northwest and we are excited to grow our footprint with him,” said 29th Street Capital Managing Director Robert Bollhoffer. “We are extremely excited to have Barry join our team.”

“29th Street Capital has an aggressive passion for investing in multifamily assets,” Heninger said. “I am excited to lead the effort in the Pacific Northwest, a market that has great opportunities for growth.”

With more than 20 years of deal-making and operations experience, including executive experience at large international companies and serving as president and COO of a multifamily real estate investment management company, Heninger has a proven track record in financial management and commercial real estate.

Robert Bollhoffer

He possesses a strong understanding of investment principles and of the multifamily acquisition and management process, and is well-acquainted with the Portland and Seattle markets. Heninger earned his MBA in Finance at Oregon State University.

In addition to sourcing and completing acquisitions, his responsibilities at 29SC include complete oversight of projects and selecting third-party management as well as overseeing all capital projects, marketing/design and dispositions.

Formed in 2009, 29SC is a privately-held real estate investment and advisory firm that employs a value-added investment strategy on properties that are below the radar of institutional peers.

29SC’s rapidly-growing portfolio consists of nearly 7,000 units and it has acquired over 8,500 units across its 11 offices in the U.S. Investments typically require approximately $8 to $35 million of total capital and involve the acquisition or recapitalization of real estate assets, portfolios or platforms.

For a complete copy of the company’s news release, please contact: Terri Thornton
Partner, Thornton Communications
Phone: 404-932-4347

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