Royce Baptist has joined 29th Street Capital as Vice President for the Atlanta market. Baptist will be responsible for sourcing new multifamily acquisitions in the Metro Atlanta area. He will also work closely with property managers on the implementation and oversight of capital and business plans on all assets. Baptist will help bolster the company’s capabilities as he will join forces with Senior VP Javier Bustillo, who has overseen the Atlanta region for six years.

“Royce’s background and market knowledge will be a great asset,” said 29th Street Capital Managing Director Robert Bollhoffer. “I am very excited to continue to grow our platform in the Atlanta market. This addition really gives us the “boots on the ground” capability that has worked well for us. This growth will allow us to be even more responsive to our investors and potential new opportunities.” 

Prior to joining 29th Street Capital, Baptist worked at Franklin Street as a member of the multifamily investment sales team. He previously held a similar position with Marcus & Millichap. His responsibilities included underwriting, sourcing investment opportunities, negotiating and developing new business. He has a proven track record in many aspects of multifamily real estate investments, including acquisitions and dispositions of value-add multifamily properties throughout Georgia. He possesses a strong understanding of multifamily financial analysis, market conditions and investment principles. 

“As a broker, I learned the importance of being able to count on a buyer that has the experience, market knowledge, credibility, and access to capital that is needed in order to have a successful platform,” Baptist stated. “Knowing that 29SC checked all these boxes made the opportunity to work with them one that I could not pass up.”    

In addition to sourcing and completing acquisitions, his responsibilities at 29SC include complete oversight of projects, selecting third-party management, and overseeing all capital projects, marketing/design and dispositions. 

He earned a BBA in Risk Management at the University of Georgia.

Formed in 2009, 29th Street Capital is a privately held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months, 29th Street Capital has also acquired 16 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S. 29SC’s conventional multifamily portfolio currently consists of more than 10,700 units having acquired over 18,000 units across its 15 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 29thstreetcapital.com.

Charlotte, N.C. – Adam V. Robinson has joined 29th Street Capital as Senior Vice President for The Carolinas. Robinson is responsible for all facets of the privately held real estate investment and advisory firm’s activity in the North Carolina and South Carolina markets and will lead all multifamily acquisitions and asset management strategies there. 

Based in Charlotte, Robinson has over 13 years of real estate investment, development, asset management and value-add experience across a variety of asset types, including multifamily. 

“Adam brings a tremendous amount of experience to 29SC and a strong knowledge of multifamily fundamentals throughout The Carolinas,” said 29th Street Capital Managing Director Robert Bollhoffer. “He has a remarkable entrepreneurial mentality and we look forward to supporting him as we expand into this region.”

Prior to joining 29th Street Capital, Robinson was a project developer with Lat Purser & Associates working on various acquisition and development projects throughout the Carolinas. He was responsible for sourcing new deals, performing due diligence and executing the investment strategy on each asset. Before Lat Purser, he worked in the Tampa Office of Ryan Companies, a large nationwide investor and developer. Robinson previously headed acquisitions and development for Primerica Group One, focusing on multifamily and retail/mixed-use projects.

“I am excited to join the 29th Street Capital team and focus on value-add multifamily acquisitions throughout the Carolinas,” Robinson stated. “The Carolinas, including Charlotte, Raleigh-Durham and Charleston, are three of the best long-term real estate investment markets in the nation.”

In addition to sourcing and completing acquisitions, his responsibilities involve end-to-end oversight of projects including the selecting third-party management, supervising all capital projects and marketing/design plus, eventually, disposition. 

Robinson obtained a business degree with a concentration in Finance from the University of Michigan. He has held professional real estate licenses in multiple states throughout his career.

Formed in 2009, 29th Street Capital is a privately held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months, 29th Street Capital has also acquired 16 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S. 29SC’s conventional multifamily portfolio currently consists of more than 10,700 units having acquired over 18,000 units across its 15 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 29thstreetcapital.com.

Sacramento, Calif. (June 2020) – 29th Street Capital has expanded its development and construction team to better align with the multifamily investment firm’s strategies. The firm, which recently expanded its development team, has now added an internal construction division with an in-house General Contractor. 

The strategy will help 29SC target new projects in opportunity zones, which are census tracts the federal government designated as distressed areas. Investments in related opportunity funds can yield significant capital gains benefits to long-term investors. 

Kevin M. Smith, Senior Vice President of Development for Northern California, who joined last year, is responsible for all facets of the team’s multifamily development activity. In addition to Smith, 29SC this year added Fred Holz as Vice President of Development – Planning and Engineering, and licensed contractor Jeff Brown as Vice President of Development – Construction. 

29SC is leveraging its national platform to source potential development opportunities. As a wholly-controlled and single-customer construction company, 29th Street Construction allows the team to deliver developments at completion with an additional 5% cushion on hard costs to ensure overall budgets and schedules are met for completing infrastructure and multifamily communities.

“We are already seeing the benefits of the combined platform at our two current OZ development projects,” said 29th Street Capital Managing Director Robert Bollhoffer. “The team has a proven track record of executing on a wide variety of development projects and we are excited to grow this platform.” 

The new team already has roughly 3,000 units underway or in the pipeline in two large developments within opportunity zones in downtown Sacramento. The first project, a 752-unit multifamily community in The Mill at Broadway, broke ground in 2019. The newest project, Township 9, is expected to begin this fall. It will consist of 936 multifamily units with access to a private clubhouse, community rooms, and a fitness center. 29SC owns the remaining 18.3 net acres in the Township 9 master project and expects to develop roughly 1,400 multifamily units in later phases. 

“The disruption caused by COVID-19 actually helped us recruit high-quality staff to our team,” Smith stated. “As much as it pains me to say it, the team does have over 100+ years of combined experience.”

Formed in 2009, 29th Street Capital is a privately held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months, 29th Street Capital has also acquired 16 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S. 

29SC’s conventional multifamily portfolio currently consists of more than 10,700 units having acquired over 18,000 units across its 15 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 29thstreetcapital.com.

DENVER - Rob Gersch has joined 29th Street Capital as Senior Vice President of Acquisitions in Denver and the Rocky Mountain Region. Gersch is responsible for all facets of the privately-held real estate investment and advisory firm’s activity in the Colorado market. He will lead all multifamily acquisitions and asset management strategies in the region.

He has over 20 years of commercial real estate experience in acquisitions, dispositions, development, structured finance, asset management, capital markets, distressed asset management and workouts, plus receivership for all major real estate product types specialty sectors. 

“Rob brings an immense amount of valuable experience to 29SC,” said 29th Street Capital Managing Director Robert Bollhoffer. “We are acquiring talented individuals across the country during these unprecedented times that want to grow in our entrepreneurial environment.” 

Prior to joining 29th Street Capital, he was a Development Executive for Mortenson Development in Denver. His duties included site selection and acquisition, as well as management of design, entitlement, tenant recruitment and capital markets efforts for multifamily and office development opportunities in Colorado. 

“I’m looking forward to applying what I’ve learned over the past 20+ years of my diverse real estate career to acquire assets under 29th Street Capital’s growing platform,” Gersch added. “The impacts of COVID-19 have reinforced the notion that we as a country need more high quality, yet affordable, workforce housing – especially in rapidly growing major cities like Denver.”

He started his career in Chicago working in commercial real estate finance for Heller Financial, a provider of commercial financial services, offering corporate and real estate financing, factoring and working capital loans, equipment leasing, asset-based finance and equity investment solutions to customers worldwide. Throughout his career, he worked closely with senior executives at Lowe Enterprises Real Estate Development Group, General Electric Commercial & Healthcare Real Estate Groups and Heller Financial. In 2008, he founded his own real estate services company, Gersch Real Estate, LLC. For over a decade, he successfully assisted clients nationwide with acquisitions and dispositions, development services, capital markets advisory services, asset management of distressed commercial real estate loans, troubled debt restructuring and investor due diligence. 

Overall, Gersch assisted in the financial underwriting of over $650 million of debt and equity products in real estate properties. He also held project management responsibilities on several large, mixed-use developments in the mid-Atlantic region, including site procurement, programming, design, entitlement and financing on a $250 million mixed-use development in Washington, D.C. 

He earned a BBA in Business Administration with a double-major in Real Estate & Urban Land Economics and Finance, Investment & Banking from the University of Wisconsin-Madison. He holds a Managing Broker’s License in the State of Illinois and an Independent Real Estate Brokerage License in the State of Colorado. 

Formed in 2009, 29th Street Capital is a privately-held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months, 29th Street Capital has acquired 15 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S. 

29SC’s conventional multifamily portfolio currently consists of more than 10,650 units having acquired over 18,000 units across its 15 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 https://29thstreetcapital.com.

Stonemark this month began managing and supervising the renovation of Knollwood Park Apartment Homes, a 142-unit multifamily community in Lawrenceville, Ga.  

“We’re proud to be entrusted with the management and renovation of this community, which will include upgraded interiors, amenities and exterior,” said Stonemark President Walt Lamperski. “Located near Lawrenceville’s Historic Downtown Square, it offers easy access to the square’s shops, restaurants and brewery. Plus, 15,000 square feet of brand new retail space is expected to be completed later this year and the Lawrenceville Lawn is set to re-open this summer with an amphitheater and tables under arbor shades.” 

The pet-friendly community offers spacious two- and three-bedroom floor plans. Every unit has a sunroom, ceiling fans and two full baths, as well as a refrigerator with an icemaker, dishwasher, and washer and dryer connections. Select apartments have new wood-style plank flooring, remodeled kitchens and baths, modern brushed-nickel lighting and additional storage.

Community amenities include a clubhouse, grills and a playground, onsite maintenance and management and 24-hour emergency maintenance. School-age children have access to the Gwinnett County school district.

Knollwood Park Apartment Homes are located at 255 Honeysuckle Circle in Lawrenceville, outside of I-285 and easy access to I-85.

Lawrenceville is the county seat of Gwinnett County. Important institutions include Gwinnett Medical Center, the Aurora Theatre – the second-largest professional theater in Georgia – and Gwinnett County Airport-Briscoe Field, Gwinnett's only public airport. Colleges and universities in or near Lawrenceville include Georgia Gwinnett College, Gwinnett Technical College and the University of Georgia’s Gwinnett campus. For more information, visit https://www.knollwoodparkapts.com.

The Stonemark Group focuses on the acquisition, financing, ownership, management and disposition of multifamily real estate investments in the Southeast, Texas and the Mid-Atlantic. The group includes Atlanta-based Stonemark Equities and Stonemark Management. For more information, visit stonemarkmanagementllc.com.

Lawrenceville, Ga. – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Knollwood Park Apartment Homes, a 1998 vintage, 142-unit multifamily community located in Lawrenceville, Georgia. 29SC plans to complete full interior renovations, upgrade the amenity spaces and modernize the exterior of the property. 

“We are excited to be growing our portfolio in  Gwinnett County,” said Javier Bustillo, Senior Vice President of Acquisitions in Atlanta. “The property will benefit from over $240 million of redevelopment and infrastructure investment in downtown Lawrenceville.”

Knollwood Park Apartment Homes is located just off GA-120 and GA-124 in Historic Downtown Lawrenceville. Downtown Lawrenceville offers residents a walkable area with access to numerous four- and five-star restaurants, bars, boutique stores, parks and a theatre. In addition, there is a $200 million mixed-use development, $31 million arts facility with a 500-seat theatre, and a $10 million biking and walking trail connecting downtown Lawrenceville to Gwinnett College all approved and under development in downtown Lawrenceville. 

“We are excited to help play a role in the revitalization of Downtown Lawrenceville,” Bustillo added. “Knollwood Park Apartment Homes will offer tenants freshly-renovated units and amenities, but most importantly be within walking distance of downtown and all of its amenities.”

This is the firm’s 10th acquisition in the Atlanta area in the past five years. The transaction closed March 6th. The sale price and seller were not disclosed.

Formed in 2009, 29th Street Capital is a privately-held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months, 29th Street Capital has also acquired 10 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S. 

29SC’s conventional multifamily portfolio currently consists of more than 9,800 units having acquired over 17,000 units across its 15 offices in the United States. 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 https://29thstreetcapital.com.