29th Street Capital Acquires Sixth Phoenix/East Valley Property

Park Tower Apartments Pool Area, Chandler, AZ

Dusty Eddy

Phoenix, AZ,  (June 1, 2016) – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Park Tower Apartments, a 180-unit multifamily community in Chandler, Arizona.

 29SC’s strategy is to invest $883,000 into renovations to significantly upgrade the interiors and to enhance the exterior of the apartments. 

This is the sixth acquisition 29SC has made in the Phoenix/East Valley market in just over one year.

“Park Tower Apartments is perfectly positioned to take advantage of the positive momentum in the Chandler market,” said Dusty Eddy, 29SC’s Vice President of Acquisitions for Phoenix, Las Vegas and San Diego. “We are excited to add a quality asset, with plenty of value-add potential, to our growing Phoenix portfolio while expanding to such a sought-after submarket.”

Park Tower Apartments resides within the city of Chandler, a desirable suburb within the East Valley.

For a complete copy of the company’s news release, please contact:

Terri Thornton

Partner, Thornton Communications

p:404-932-4347 | e:Terri@TerriThornton.com | w:www.TerriThornton.com

http://www.facebook.com/pages/Thornton-Communications/112101288827299 http://twitter.com/Ttho http://www.linkedin.com/in/TerriThornton

www.29thstreetcapital.com.