29th Street Capital acquires Argenta Apartments in Mesa, AZ

Argenta Apartments, Mesa, AZ

MESA, AZ – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Argenta Apartments, a 396-unit multifamily community located in Mesa, Arizona.

29SC plans to invest over $3.2 million in capital improvements. Interiors will receive updated flooring, new black appliances and upgraded fixtures as well as plumbing and lighting packages.

Dusty Eddy

Cabinets will also be re-faced. Exterior improvements will focus on landscaping, A/C units and roof repairs. The new owner will add a dog park and playground and upgrade the pool area.

“The property is conveniently located north of Hwy. 60, which provides easy access to downtown Mesa as well as Tempe, Chandler and Phoenix,” said Dusty Eddy, 29SC’s Senior Vice President of Acquisitions in the Southwest. “We are acquiring this asset at the right price in a highly desirable submarket, so overall it’s a great addition to our portfolio.”

The transaction closed November 15. The sale price and seller were not disclosed.

 CONTACT: 

Terri Thornton Partner, Thornton Communications Phone: 404-932-4347 Email: Terri@TerriThornton.com  Website: www.TerriThornton.com

https://29thstreetcapital.com.