SALT LAKE CITY, UT - McKay Winkel has joined 29th Street Capital as Acquisition Director for Salt Lake City. Winkel is responsible for all facets of the privately-held real estate investment and advisory firm’s activity in the Salt Lake market. McKay will lead all multifamily acquisitions and asset management strategies in Salt Lake City, while also assisting Vice President of Acquisitions Jay Neal with certain aspects of 29SC’s growing Denver portfolio.
From growing up around Salt Lake, McKay brings an immense amount of knowledge and familiarity with the area’s apartment market, as well as a strong network of connections.
“I’ve known McKay for quite some time and am extremely excited to have him join us and expand our national footprint by opening our 11th office,” said 29th Street Capital Managing Director Robert Bollhoffer. “McKay has exceptional training and a great fundamental understanding of the multifamily acquisition and management process. We look forward to growing our platform in Salt Lake City with him.”
Prior to 29SC, McKay was the Senior Analyst at Consolidated Investment Group in Englewood, Colorado, where he led the underwriting of multifamily, industrial and real estate development. His role also involved due diligence, new deal sourcing, hold/sell analysis, budgeting and market research. Additionally, he spent numerous years in the manufactured housing industry in acquisitions and portfolio management.
McKay obtained his MBA from the University of Wisconsin-Madison with an emphasis in Real Estate and Urban Land Economics. He received his bachelor’s degree from Brigham Young University with a specialization in finance. He currently resides in Salt Lake with his wife and three children, and is an avid skier in his spare time.
“This is the perfect opportunity. To work for an active, smart group like 29th Street Capital in a market as well positioned as Salt Lake is incredible,” Winkel said. “Salt Lake has so much to offer – robust employment, accessible world-class amenities, and a booming downtown. We’re going to be busy.”
In addition to sourcing and completing acquisitions, his responsibilities at 29SC will involve end-to-end oversight of projects including the selection of third-party management, supervising all capital projects, marketing/design and eventual disposition.
Formed in 2009, 29SC is a privately-held real estate investment and advisory firm that employs a value-add investment strategy on properties that are below the radar of institutional peers. 29SC’s current portfolio consists of 6,000 units and it has acquired over 7,400 units across its U.S. offices. Investments typically require approximately $2 to $12 million of equity per deal, and involve the acquisition or recapitalization of real estate assets, portfolios or platforms. Learn more about 29SC at www.29thstreetcapital.com