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| Kevin M. Smith |
Sacramento, CA (April 8, 2019) – Kevin M. Smith has joined 29th Street Capital to spearhead a new development platform for the privately-held real estate investment and advisory firm.
Smith will serve as Senior Vice President of Development for Northern California. He will be responsible for all facets of the firm’s multifamily development activity.
“Up until now, our team has focused on acquiring and upgrading multifamily communities across the country,” said 29th Street Capital Managing Director Robert Bollhoffer. “Kevin gives us the expertise and contacts to explore opportunity zone developments in markets where we already have an existing multifamily platform.”
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| Robert Bollhoffer |
The firm’s targets include new construction within opportunity zones, which are federally-designated census tracts. Investments in related opportunity funds can yield significant capital gains benefits to long-term investors.
“It’s exciting to hit the ground running with the 29th Street Capital team,” Smith stated. “There is great opportunity for new development throughout Northern California, especially in opportunity zones in and around city centers.”
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