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OLATHE, KAN. — Chicago-based real estate investment firm 29th Street Capital (29SC) has acquired Chestnut Heights Townhomes, a 161-unit townhome rental community in Olathe. The property will be managed by 29th Street Living, the company’s property management platform. 29SC partnered with Basis Investment Group’s BIG Equity Value-Add Fund II for limited partnership equity for the acquisition of the property and a capital improvement program. Located in Johnson County, Chestnut Heights offers two- and three-bedroom townhomes averaging 1,300 square feet. The community features attached garages and a variety of resident amenities.