CHICAGO—South Street Capital, a Chicago based, privately controlled real estate investment firm, has decided to expand the scope of its acquisition strategy into several Midwest states and core areas on the West Coast.
In the next two years the company plans to acquire about one million square feet of office, retail and multifamily properties in markets such as Chicago, Minneapolis and Indianapolis as well as core areas of Orange County and Los Angeles.
“Chicago, Minneapolis and Indianapolis are three key Midwestern markets where rents are generally stable or growing in the core downtown areas while at the same time asset valuations remain at or below replacement cost,” Marc Muinzer, founder of South Street Capital, tells GlobeSt.com.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
