BrokerageMultifamily

Brinkman Real Estate Closes on Fifth Multifamily Property in Last 90 Days

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Today marks the fifth multifamily acquisition in the last 90 days for Colorado-based Brinkman Real Estate with the closing of Addison Springs Apartments, a 96-unit community located in Twin Falls, ID. In the last three months, the company has acquired four additional multifamily assets that meet their niche investment filter focused on emerging markets in the Intermountain West with steady economic drivers.

Founded and headquartered in Colo., the company has expanded throughout the region in recent years. They have executed nearly $160,000,000 in transaction volume this year and risen as one of the most active buyers in key Colorado, Montana, and Idaho markets. The company continues to eye expansion, looking primarily for core-plus and value-add multifamily assets in these and similar markets.

“We’ve seen strong activity in key secondary markets throughout the Intermountain West this year,” said CoFounder and CEO, Kevin Brinkman. “Our acquisitions strategy continues to follow population and job growth trends into smaller markets where we can add value for residents and deliver strong returns for investors.”

At the beginning of the year, Brinkman sold an existing multifamily community outside the Denver MSA for a record-breaking price and has continued to recycle the proceeds of that disposition into smaller markets with supportive fundamentals for real estate.

Photo courtesy of Brinkman

 

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