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Texas  + Apartments  | 

29SC Adds to Central TX Portfolio with Live Oak Deal

29th Street Capital (29SC) has acquired Live Oak Place Apartments, a Class C+, 308-unit asset in Live Oak. Seller and pricing weren’t disclosed.

29SC plans to add value to the property by fully renovating 163 apartments and lightly renovating 145 units that were previously improved by the seller.

“This is 29SC’s first acquisition in San Antonio in the past 12 months and will be a strong addition to our Central Texas portfolio, which has now reached over 1,000 units,” said Dan Howard, 29SC’s SVP of acquisitions.

He continued, “I look forward to the continued expansion of our footprint in Central Texas and am confident that our focus on accelerating growth in this market will yield high returns.”

Howard said Live Oak Place’s proximity to top employers such as Amazon and Ikea is “already a plus. The planned renovations will make it even more desirable.”

For comments, questions or concerns, please contact Paul Bubny

Connect

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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