Friday, March 27, 2015

Phoenix-Area Apartments Acquired by 29th Street Capital; Multifamily Community is 29SC’s Third Recent Arizona Deal


Dusty Eddy
Phoenix, AZ (March 27, 2015) – 29th Street Capital (29SC) has acquired Williams Landing Apartments, a 72-unit multifamily community in Phoenix, Arizona’s thriving East Valley region.

Williams Landing is in the newly-designated Power Knowledge Corridor in Gilbert, which includes several universities and high-tech businesses.

 The property is just south of Loop 202, providing access to the many healthcare, technology, aerospace and tourism employers across the East Valley. It’s also near the Phoenix-Mesa Gateway Airport, allowing easy air travel options.

“With new economic activity and job opportunities throughout the East Valley, plus developments such as nearby Eastmark, 29SC believes the Phoenix metro area is poised for continued growth,” said Dusty Eddy, 29SC’s Vice President of Acquisitions.

Williams Landing Apartments, East Region
 Phoenix, AZ
 “We hope that strategic improvements and proactive management at Williams Landing will attract long-term residents seeking moderately-priced quality apartments in this booming area.”

The deal, which closed March 25, is 29SC’s ninth acquisition in the past eight months. It’s also its third Phoenix-area acquisition in four months.

In December 2014, the firm acquired two multifamily communities in Mesa: The Brittany and Sierra Madre. Williams Landing brings the total of recently-acquired East Valley units to 370.

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
Thornton Communications


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