Our Impact at 29th Street Capital
29th Street Capital strives to make positive economic, social, and environmental changes for the local community and real estate markets. At 29th Street Capital, our team of professionals are driven by and follow our strengths bringing the market a multifamily industry-leading company.
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29th Street capital in the Press
29th Street Announces Preferred Equity Investmentin McDonough, GA
Chicago, IL – February 7, 2025 – 29th Street Finance proudly announces the successful completion of a $7MM preferred equity investment at Echelon Park Apartments, a 1997 vintage, 240-unit multifamily property in McDonough, GA.
This preferred investment is subordinate to a Freddie Mac senior loan secured by the Sponsor, Disrupt Equity. 29th Street Capital looks forward to collaborating with Disrupt on Echelon Park and future investments.
"This transaction represents another closed deal in our preferred equity platform, further showcasing our ability to deliver tailored investment solutions for our partners. Achieving agency compliance in 2024 has positioned us to act swiftly and effectively in a competitive market. We’re proud to see this strategy gaining momentum and look forward to continuing to capitalize on opportunities in this space over the coming months," said Matt Compton, Vice President at 29th Street.
29th Street Finance specializes in preferred equity investments between $3 and $15 million, offering competitive rates and terms tailored to meet the unique needs of our clients in all major markets. Our lending program is designed to support borrowers seeking quick closings with a reliable partner, who as a large owner-operator itself, knows what works. For further information about 29th Street and its investment opportunities, please visit 29SC.com.
About 29th Street:
Headquartered in Chicago, 29th Street is a privately held investment management firm focused on multifamily real estate and Proptech. We
lend to, acquire, develop, renovate, and manage multifamily communities nationwide, deploying our technology to enhance the resident experience and optimize property performance. Backed by more than 15 years of delivering above market returns across over $5.1 Billion in assets, our culture is driven by our Mission, Vision, and Values. The firm's portfolio spans across multiple states and encompasses a diverse range of property types. Learn more about 29th Street at 29SC.com.
PRESS CONTACT
Sharie Damm
Director of Corporate Communications and Public Relations
sharie.damm@havenresidential.com
312-933-2434
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