24th Street Asset Management
Leading the Real Estate Investment Field
24th Street Asset Management is a private commercial real estate investment firm that makes hard money loans and direct investments (debt and equity). 24th Street values investors who seek opportunities where its capital can earn outsized returns, relative to the risk. Over the last five years, the team acquired 21 assets and placed $76 million of equity into the marketplace.
In terms of hard money lending, 24th Street focuses on asset-based lending, and it lends from pre-raised capital. The company’s underwriting and execution speed creates a unique advantage for its borrowers.
24th Street Asset Management was acquired by Boston Omaha Corporation in 2018. As of May 1st, 2023, Boston Omaha Asset Management, LLC (“BOAM”), a wholly-owned subsidiary of Boston Omaha Corporation (NYSE:BOC) (“BOC” or the “Company”) increased ownership interest in 24th Street Asset Management, LLC from 48% to 100%. Prior to the acquisition, BOAM owned a 48% beneficial interest in 24th Street. As of December 31, 2022, 24th Street has approximately $123 million of assets under management, inclusive of two closed-end funds and multiple joint ventures.