 |
| Villagio Student Apartments Pool and Clubhouse, San Marcos, TX |
Austin, TX –
Privately-held real estate investment firm 29th Street Capital (29SC) is
looking to expand its foothold in the growing national student housing market.
The firm entered the
market in July with the acquisition of the 492 bed Villagio student apartments near the campus of Texas State
University in San Marcos, Texas. It is currently seeking other opportunities
nationwide, and particularly in Texas.
Senior Vice President John Price heads the new division. He
is seeking opportunities in markets where the supply of newer student housing
assets is keeping pace with, but not exceeding, the demand of enrollment
growth.
 |
| John Price |
“29SC will continue to
focus on investing in high-return amenities and quality interior upgrades at
well-located properties acquired at a reasonable basis,” Price said.
“We feel this is a logical
progression of our goal of offering investors excellent returns within this
real estate asset class without taking on unnecessary development risk.”
"Since its formation
in 2009, 29SC has deployed over $450 million of investor equity, including more
than $200 million for multifamily investments," said Managing Director
Robb Bollhoffer.
"The capital allowed
for the acquisition and renovation of more than 8,500 traditional multifamily
units in properties across 11 U.S. states.
Expanding on this existing
footprint, student housing offers a promising new line of business for our
value-add business model."
For a complete copy of the company’s news release,
please contact:
http://www.facebook.com/pages/Thornton-Communications/112101288827299
http://twitter.com/Ttho http://www.linkedin.com/in/TerriThornton Terri Thornton
Partner, Thornton
Communications
Phone: 404-932-4347
Email:
Terri@TerriThornton.com
Website:
www.TerriThornton.com
No comments:
Post a Comment