History
29th Street Capital (29SC) is a privately held real estate investment and advisory firm founded in 2009 in response to the dislocation in the U.S. real estate and credit markets. 29SC’s strategy is to acquire non-institutional real estate in markets where the Principals have experience and a proven track record. To date, 29SC has acquired over $1B of total assets with local acquisition managers in over 14 markets across the U.S. Our “boots on the ground” presence in each target market gives our team the benefit of sourcing off-market transactions where we can execute on our value-add investment strategy.
29SC Operating Advantages:
•A combined 250 years of real estate experience including but not limited to acquisitions, development, asset management, servicing and fund management.
•29SC’s Acquisition Team has local relationships that enable off-market deal flow.
•Seasoned local operating teams manage our assets in target markets expanding on 29SC’s construction, management and leasing platforms.
•Average expenses savings is 5-8% post acquisition (umbrella insurance, in-house repairs, local vendors, etc.)
We'd be happy to guide you through Opportunity Zone investing.
Principals
Partner
Stan Beraznik
Stan Beraznik is the Founder and Managing Principal of 29th Street Capital. Since inception, Stan has guided 29th Street Capital in the acquisition of over $500 million in multifamily property, $500 million in single family home portfolios, and $50 million in non-performing mortgage loans. Stan continues to oversee multiple business units and works alongside the other managing principals to determine which investments fit the firm’s criteria.
Prior to forming 29th Street Capital, Mr. Beraznik worked for 15 years with Citigroup and Goldman Sachs in derivatives and wealth management. Mr. Beraznik has structured and marketed over $10 billion of currency, interest rate and equity derivatives for institutional clients and managed in excess of $1 billion, including real estate private equity allocations, for high net worth individuals, family offices, corporations and family foundations.
Education
GEORGETOWN UNIVERSITY
M.B.A, Finance, 1994
THE UNIVERSITY OF WESTERN ONTARIO
B.A., Economics, 1989
Partner
Robb Bollhoffer
Robert "Robb" Bollhoffer is a Managing Principal and Director of multifamily acquisitions at 29th Street Capital. He oversees all members of the acquisition group, as well as both the construction and property management teams.
Prior to this position at 29th Street Capital, Robb spent 8 years as a Managing Director at Strategic Capital Partners (“SCP”), a privately held real estate investment management company with assets of over $1 billion. At SCP, his focus was multifamily, student, and senior housing properties. Prior to joining SCP, Robb was a former Acquisition Manager at Trizec Properties Office Trust, one of the nation’s largest public office REIT’s before being acquired by Blackstone for $10B.
Mr. Bollhoffer obtained a Master’s degree in Business Administration with a concentration in Real Estate from DePaul (Kellstadt) University where he graduated with honors. He obtained his Bachelor’s degree in Business Administration with concentrations in real estate and urban land economics from the University of Wisconsin – Madison where he also was a member of the Rowing Team.
Education
DePaul (Kellstadt) University
M.B.A., Real Estate Concentration, 2002
UNIVERSITY OF WISCONSIN-MADISON
B.A., Real Estate and Finance, 1999