Doug Burt has joined 29th Street Capital (29SC) as Vice President of Multifamily Acquisitions for Houston and Central Texas. Burt is responsible for all facets of the privately-held real estate investment and advisory firm’s multifamily acquisitions and asset management strategies in this region. He will target opportunistic and value-add acquisitions in the market with the goal of expanding the company’s presence in the region and add to the existing portfolio, which consists of seven assets and over 2,000 units.
“We are extremely pleased to have Doug join our acquisition team,” said 29th Street Capital Senior Vice President Javier Bustillo. “He has an established track record of success in Texas and will play a key role in our company’s continuing expansion.”
“I’m excited to be joining an extremely well-capitalized, yet still very entrepreneurial company like 29th Street Capital,” Burt said. “I’m looking forward to growing the company’s portfolio throughout the Texas markets.”
Prior to joining 29th Street Capital, Burt spent the past three years at Tarantino Properties where he helped lead the multifamily acquisition and brokerage departments. His responsibilities included underwriting, sourcing investment opportunities, negotiations and new business development. Having conducted sales and acquisitions of value-add multifamily properties throughout the state of Texas, Burt has a proven record in all aspects of multifamily real estate investments. He possesses a strong understanding of multifamily financial analysis, market conditions and investment principles. Burt earned his BBA in Real Estate at the University of North Texas.
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.
Formed in 2009, 29SC is a privately-held real estate investment and advisory firm that employs a value-added investment strategy on properties that are below the radar of institutional peers. 29SC’s current portfolio consists of nearly 10,000 units and it has acquired over 11,500 units across its 14 offices in the U.S. Investments typically require approximately $8 to $35 million of total capital and involve the acquisition or recapitalization of real estate assets, portfolios or platforms. Learn more about 29SC at www.29thstreetcapital.com.