Tampa, Florida (October 2020) – Christopher Steiner has joined 29th Street Capital as Vice President of Acquisitions for the Florida markets. He will be responsible for sourcing, financing and executing the investment strategy on new opportunities in the region. He will also oversee asset management and disposition of the firm’s existing portfolio assets in Tampa. Steiner will bring a proven investment track record and strong local area knowledge to Senior VP Javier Bustillo’s team, which oversees activities in Texas, Georgia, and Florida.
Steiner has over 15 years of experience working in real estate, construction management and private equity. Prior to joining 29th Street Capital, Steiner created an investment acquisition division for Southport Financial Services, one of the nation’s largest affordable housing developers. In this role, he was responsible for developing an investment strategy, identifying and closing transactions, and supervising the repositioning and exit plans for acquisitions on the East Coast. During his tenure at Southport, Steiner acquired 2,000 multifamily units with an aggregate value of $250 million, utilizing both internal capital and outside equity sourced from institutional and high-net-worth investors.
“Chris brings a large amount of valuable experience to 29SC and a strong knowledge of multifamily acquisitions,” said 29th Street Capital Managing Director Robert Bollhoffer. “We look forward to supporting him as we continue to grow our presence in Florida.”
Originally from Colorado, Steiner spent the first five years of his career working for investment firms in New York and London. After dedicating a year of volunteer work to Habitat for Humanity, he shifted his focus towards an entrepreneurial venture with the mission of bringing cloud-based construction management to the remodeling industry. In 2015, Steiner pivoted to a career in real estate where he found his calling as a multifamily acquisition specialist.
“I am thrilled to become a member of 29th Street Capital’s robust team of multifamily acquisition professionals,” said Steiner. “As socioeconomic factors continue to drive migration into Florida, I look forward to expanding the firm’s current footprint by continuing to identify attractive multifamily investments for years to come.
Steiner received his B.A. from the University of Colorado with a major in Business Economics.
Formed in 2009, 29th Street Capital is a privately-held real estate investment firm that focus on value-add and development of multifamily assets with a current portfolio of more than 11,000 units having acquired over 19,000 units across its 14 offices in the U.S. Investments typically require approximately $10 million to $100 million of total capital and involve the acquisition or recapitalization of individual real estate assets, portfolios or platforms.
Learn more about 29SC at https://29thstreetcapital.com.