Privately held real estate investment firm 29th Street Capital has made an acquisition that represents an expansion to its strategy.
Earlier this month it reported that it had acquired Parq at Iliff Station. The 424-unit, Class A+ luxury apartment community in the Southeast Aurora submarket of Denver, went for $134 million.
The company, which launched in 2009 in the wake of the global financial crisis, has been thoroughly focused on multifamily properties since day one. The acquisition of Parq at Iliff Station adds a focus on higher-end residences in addition to its long-standing "B and C properties in A and B locations," as Rob Gersch, senior vice president of acquisitions, tells GlobeSt.com.
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