29SC Acquires 320-unit Property in Southeast Texas

25 January 2022

Houston, Tex. – Privately held real estate investment firm 29th Street Capital (29SC) has acquired Villas at Hermann Park. This marks the firm’s 15th acquisition in the Houston, Texas metro area.

Built in 2000, Villas at Hermann Park is a 320-unit, Class A property that luxury residential apartment lifestyle and amenities. Villas at Hermann Park offers high-end amenities including a resort style pool, 24/7 fitness center, and an on-site stop for the Texas Medical Center shuttle. The property improvement plan includes common area upgrades and a technology package including smart locks and thermostats in all residential units.

29SC’s in-house property management company, Haven Residential, will oversee management and leasing.

“Villas at Hermann Park is the prime location for a Houston resident who wants to be a short commute to the biggest employers and public parks in Houston,” said Doug Burt, Vice President of Acquisitions in Houston for 29SC. “The ability to combine luxury living and convenience is truly unmatched.” 

Villas at Hermann Park is in a prime location to provide shopping, nature, and accessibility. The community is adjacent to Hermann Park, a 445-acre cultural and recreational hub, one mile from the TMC Transit center for easy access to the medical center employment hubs, and less than a mile from the Texas Medical Center. 

Villas at Hermann Park closed on Wednesday, January 19, 2022. 

In the last year, 29SC has acquired over 26 multifamily assets across the United States that contain over 6,000 units. The firm continues to actively pursue new opportunities. 

Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 16 offices nationwide. Its current portfolio consists of more than 17,000 existing units and a development pipeline of over 3,800 units. Learn more about 29SC at www.29thstreetcapital.com.