# 29th Street Capital

29th Street Capital is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 2009
- **Assets under management:** $3B to $5B (Altss estimate)
- **Website:** 29thstreetcapital.com
- **LinkedIn:** https://www.linkedin.com/company/29th-street-capital

## Regulatory record

- **Reports private funds:** No

## About

29th Street is a privately held investment management firm focused on multifamily real estate and PropTech. It acquires, develops, renovates, and manages multifamily communities nationwide, deploying technology to enhance the resident experience and optimize property performance. It has built fully integrated platforms around multifamily focused investments (value-add, core plus, preferred equity and development), as well as student housing, single-family rentals and property technology.

## Sectors

- Real Estate

## Offices

- Vienna, VA
- Miami, FL

## People

- Robb Bollhoffer — Founder and Chief Executive Officer
- Stan Beraznik — Founder and Managing Principal
- Doug Burt — Senior Managing Director, Investments

## Questions

### Who runs investment decisions at 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.

### How does 29th Street Capital source deals?

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.

### Does 29th Street Capital operate exclusively in multifamily real estate?

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.

### What is the firm's relationship with its property management company?

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.

### Which US markets does 29th Street Capital target, and which does it avoid?

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.

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Last updated: 2026-08-11T15:05:57.154Z

Canonical page: https://altss.com/profile/29th-street-capital

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