29th Street Capital

Investment decisions are led by founder and CEO Robb Bollhoffer, who chairs the firm's investment committee, alongside founder and Managing Principal Stan Beraznik and Senior Managing Director Doug Burt. The firm operates regional acquisition teams who originate deals in assigned markets, but all capital-allocation decisions run through the committee structure at the Chicago headquarters.

The firm sources primarily off-market through a network of regional acquisition officers embedded in target metropolitan areas. Those officers cultivate relationships with local brokers, property owners, and lenders — many of whom have tracked the firm's closing reliability across multiple cycles. This boots-on-the-ground model lets 29th Street compete for assets that never reach a public offering memorandum.

Multifamily value-add has historically been the firm's core strategy, but 29th Street Capital has expanded into build-to-rent single-family rental communities in recent years. The firm also occasionally acquires opportunistic deals — including distressed notes or partially stabilized assets — when dislocation creates entry points below replacement cost. The platform remains overwhelmingly residential.

29th Street Capital's property management arm is a wholly owned affiliate, not a third-party vendor. That integration means the firm controls hiring, maintenance spending, and lease-up strategy at the property level without negotiating with external managers — a structural advantage in workforce housing, where resident retention and cost discipline directly affect net operating income.

The firm targets secondary and tertiary markets across the Sun Belt and Midwest, including Phoenix, Denver, Charlotte, Nashville, Atlanta, Dallas, Houston, and Indianapolis. It explicitly avoids gateway cities — New York, San Francisco, Los Angeles, Boston — where acquisition basis is higher and cap rates are thinner. This market-selection discipline is central to the firm's identity.