29TH STREET CAPITAL STRENGTHENS ROCKY MOUNTAIN TEAM; THOMAS LEADS MULTIFAMILY ACQUISITIONS IN SALT LAKE CITY

Salt Lake City (April 2021) – Ryan Thomas has joined 29th Street Capital as Vice President of Acquisitions in Salt Lake City. He will be responsible for sourcing and evaluating multifamily real estate investment opportunities throughout Utah. With Thomas comes a seasoned track record in capital markets, project financing, underwriting and business development.

Thomas brings over 10 years of experience in commercial real estate finance, investment and construction management. Prior to joining 29th Street Capital, Thomas was an Associate Director for Q10 Bonneville Real Estate Capital. In this role, he underwrote over $4 billion in commercial real estate finance opportunities and was actively involved in over $550 million in completed transactions.

“Ryan’s experience and knowledge make him a great addition to the team,” said 29th Street Capital Managing Director Robert Bollhoffer. “We are excited to see how he continues to grow our presence in the Utah market.”

Originally from Salt Lake, Thomas spent numerous years working and studying in the market. This experience will allow him to lead 29SC’s expansion strategy into the Rocky Mountains.

“I’m thrilled to join the impressive team at 29SC and look forward to increasing our presence in Salt Lake City and Utah as a whole,” Thomas said. He continued, "As a firm believer of Utah’s continued growth, I know that there is tremendous opportunity in this market. I look forward to being a part of that with 29SC.”

Thomas received his B.S. in Economics for the University of Utah and is a licensed real estate broker. Currently, he is pursuing his Masters in Real Estate Development from the University of Utah, where he earned first place in the 2021 Utah Real Estate Challenge.

Formed in 2009, 29th Street Capital is a privately held real estate investment firm that focuses on value-add and development of multifamily assets. The current portfolio consists of more than 12,000 units, having acquired over 20,000 units across its 16 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms. Learn more about 29SC at www.29thstreetcapital.com.