29th Street Capital (29SC), a privately held real estate investment firm, announced that it has acquired Chestnut Heights Townhomes, a 161-unit townhome community located in Olathe, Kan. The property will be managed by 29th Street Living, the company’s property management platform. 29SC partnered with Basis Investment Group’s BIG Equity Value-Add Fund II for LP equity for the acquisition of the property and a capital improvement program.
Located in Johnson County, Chestnut Heights offers spacious two- and three-bedroom townhome residences averaging approximately 1,300 square feet. The community features attached garages and a variety of resident amenities in one of the Kansas City area’s most desirable suburban locations. Access to major employment centers, retail destinations, parks and highly regarded schools continues to support strong demand for the community.
“Chestnut Heights is an excellent addition to our Kansas City portfolio and aligns well with our s
