29th Street Capital Expands Mid-Atlantic Presence With 1,225-Unit Portfolio Acquisition

29th Street Capital expands its D.C.-area footprint with the acquisition of the three-property Apollo portfolio, totaling 1,225 units in Prince George’s County.

By: AXL Media

Published: Mar 11, 2026, 6:06 AM EDT

Source: https://www.multihousingnews.com/

The Apollo Portfolio: Modern Suburban Density

The portfolio consists of three Class A assets built between 2015 and 2019, all featuring high-end finishes and robust occupancy levels. The properties include:

Allure Apollo (Camp Springs): Built in 2019, this 384-unit community features studio to two-bedroom floorplans. It was 94 percent occupied at the time of trade.

Aspire Apollo (Camp Springs): Delivered in 2015, this 417-unit property offers one- to three-bedroom layouts. It serves as a stabilized anchor for the Camp Springs submarket.

Ascend Apollo (Largo): The largest in the set with 424 units across six floors. Built in 2017, it maintains an average rent of $2,018 and was 93 percent leased at the time of sale.

Value-Add Strategy: "Operational Execution"