Breneman Capital

We are pleased to announce Breneman Capital's latest acquisition in Chicago's Lincoln Square neighborhood. Our Founder and CEO, Drew Breneman, recently commented on the purchase of the distressed 25-unit property bought out of foreclosure: “We were drawn to this particular property since it checks all the boxes we typically look for: Well-located, high-quality construction and an immediate path to increase the value and cash flow quickly through leasing the vacant retail space and adjusting the apartment rents to market rates,” he said in a statement. This acquisition reflects Breneman Capital's strategy of identifying high-quality assets with strong value-add potential. The Lawrence property was listed for nearly $9 million but was acquired by Breneman Capital for just over $7 million. Read more about this acquisition at https://lnkd.in/g8djrwND #RealEstate #Chicago #Multifamily #InvestmentStrategy #BrenemanCapital #PropertyAcquisition

Major Development in Chicago's West Loop Our Founder and CEO, Drew Breneman, was quoted in a recent article discussing the $7 billion United Center redevelopment plan, known as the 1901 Project. This significant development aims to transform the surrounding area into a mixed-use district, including a 6,000-seat music hall, hotel, retail buildings, public open space, and thousands of apartments. Drew Breneman emphasized the project's potential impact: "It’s going to be a real shot in the arm for the whole area." The West Loop and nearby Fulton Market have already seen considerable growth, and this plan is set to further enhance the area's economic vitality. This redevelopment aligns with trends in professional sports venues, creating year-round revenue opportunities and encouraging greater engagement with the district. We anticipate it will drive further development, increase hotel demand, and attract high-end retailers to the area, contributing to the overall economic growth and continued appeal of the neighborhood. We will continue to monitor the progress of the 1901 Project and its implications for the West Loop and our strategy. Read the full article at https://lnkd.in/dvg_bRKQ #RealEstate #Chicago #WestLoop #FultonMarket #UrbanDevelopment #BrenemanCapital

We are honored to celebrate Sam Markin's three-year anniversary with Breneman Capital. Sam's consistent dedication and insightful expertise have been instrumental in expanding our influence in the Chicagoland and Phoenix multifamily markets. His commitment to excellence has elevated our team and our portfolio and the trust our investors place in us. His contributions extend beyond numbers and data, fostering a collaborative, knowledge-driven environment. Thank you, Sam, for your unwavering dedication and commitment to Breneman Capital and our investors. We look forward to many more years of success! #WorkAnniversary #ProfessionalGrowth #BrenemanCapital #MultifamilyInvesting

Nearshoring in Phoenix: Implications for Multifamily Real Estate In a recent article on REBusiness Online, Anthony Lydon, executive managing director at JLL, delves into the transformative impact of nearshoring in Arizona. Arizona's logistics and industrial real estate markets are booming, thanks to initiatives like the CHIPS Act and the Inflation Reduction Act. Major investments, such as TSMC's semiconductor projects, are creating thousands of high-tech jobs and stimulating the local economy. This trend is spreading across the Sunbelt, positioning it as a new hub for manufacturing and technology. Breneman Capital’s Strategic Positioning in Phoenix: Our firm is strategically positioned to capitalize on Phoenix's job and income growth. We own five multifamily properties in the metro area, making significant capital improvements to attract high-quality renters. Our goal is to meet the demands of the growing workforce, contributing to Phoenix's economic vitality. Full Article: https://bit.ly/3R9FZaJ #RealEstate #Phoenix #Multifamily #Nearshoring #InvestmentStrategy #BrenemanCapital

Year-Over-Year Rent Growth in the Midwest: Chicago and Minneapolis Leading the Way According to recent data, the Midwest is showing strong year-over-year rent growth, with Minneapolis and Chicago emerging as standout performers. Both cities have not only outpaced major coastal cities but also bested sunbelt growth centers. Key Highlights: Minneapolis: Recorded significant annual rent growth of over 6%, showcasing its resilience and appeal in the current rental market. Chicago: Continues to demonstrate robust growth with similar strong performance, reflecting the city's stability and demand. These trends underscore the growing attractiveness of Midwest cities for both renters and investors, offering a competitive edge over traditionally popular markets. #RealEstate #RentalMarket #MidwestGrowth #Chicago #Minneapolis #RealEstateInvestment

The Rise of West Loop and Fulton Market: A Strategic Focus for Breneman Capital From Axios: In recent years, Chicago's real estate spotlight has shifted from traditional central business districts like the Magnificent Mile and State Street Corridor to dynamic neighborhoods like the West Loop and Fulton Market. This trend highlights a broader transformation in urban office markets and the appeal of peripheral urban areas. Why Fulton Market Stands Out: Top Commercial Area: Surpassing historic downtown districts, Fulton Market is now Chicago's most expensive area for office space, with average asking rents reaching $65.37 per square foot in 2023, peaking at $82. Low Vacancy Rate: Green Street’s vacancy rate stands at a competitive 6.1%, significantly lower than Fulton Market’s overall rate of 16.2% and the Loop’s nearly 30%. Vibrant Transformation: Once filled with old warehouses, Fulton Market is now a hub of modern high-rises, restaurants, bars, and entertainment venues. Breneman Capital’s Strategic Positioning: Recognizing the immense potential of this emergent district, Breneman Capital has strategically acquired properties like Adams Laflin, Ashland Place, and Madison Throop, all situated in the West Loop adjacent to Fulton Market. #RealEstate #Chicago #WestLoop #FultonMarket #InvestmentStrategy #BrenemanCapital

Breneman Capital is pleased to announce the successful sale of our Seminary investment in Chicago for $2,535,000 on February 28, 2024. We acquired Seminary, located in Chicago's Lakeview neighborhood, in January of 2018 off-market with no competing offers for $1,997,500. A broker familiar with our successful track record sent this opportunity to us, and we delivered. The seller sought to dispose of the property and wanted an experienced buyer since the property needed improvements. Breneman Capital replaced the roofs, water heaters, carpeting, in-unit laundry, and toilets with low-flow models, then installed new furnaces and air conditioners, fully renovated two kitchens and several bathrooms, refinished the hardwood floors, and repainted the entire building an on-trend color. Our renovation was successful, and in the first 18 months, Breneman Capital: - Increased annual rental income 20% - Distributed more cash to our investors than was initially invested into the property - Executed a refinance with a $2,094,000 loan amount, exceeding our cost basis of $2,070,000 Over the life of the investment, Breneman Capital increased the income from the property by 38% during our 73-month hold period, realizing gross returns of: - 29% IRR - 2.2x Equity Multiple We welcome you to read more about Seminary and other past successful investments on our website. -- If you would like to learn more about investing with Breneman Capital, please fill out our investor form using the link below and we will reach out: https://lnkd.in/guwa3HjM We work with individual investors, Family Offices, PE, Fund of Funds, RIAs, and they invest alongside us in the best opportunities that we find (and have been for nearly 20 years). -- Disclaimer: This is not an offer to sell or a solicitation to buy securities. Past performance is no guarantee of future results, and investors may experience different results than those shown, including the loss of principal. You should not rely upon forward-looking statements as predictions of future events.

🎉 Celebrating Three Successful Years with Evan Dillon, Vice President at Breneman Capital We're marking a milestone with Evan Dillon as he completes his third year as Vice President at Breneman Capital. Evan's unique approach to sourcing and screening investment opportunities has been a game-changer for our analytics and financial modeling infrastructure. Evan brings a wealth of experience to our team, having worked on the acquisitions team at Heitman, where he helped close transactions with a total volume exceeding $2.5 billion in gross asset value. Evan holds a Bachelor of Business Administration degree from the Stephen M. Ross School of Business at the University of Michigan. During his tenure at Breneman Capital, Evan has played a pivotal role in developing our market outlook model, helping us to identify the best investment opportunities for investors. We're incredibly grateful for his hard work, dedication, and the value he brings to our team. Please join us in celebrating Evan's achievements and wishing him continued success in the years to come! 🎉 #BrenemanCapital #VicePresident #Anniversary #TeamMember #MarketOutlook #RealEstateInvestment

On January 18th, 2024, Breneman Capital successfully sold Elston – an apartment property located at 3507-3511 N Elston Avenue in Chicago’s Avondale neighborhood. Breneman Capital has been very active in the Chicago market recently, with this disposition immediately following the purchases of Ashland Place and Adams Laflin Place in November and December 2023, respectively, as well as the sale of our Palmer property in December 2023. Elston is one of 23 multifamily properties we have purchased in Chicago since 2013; and this investment serves as another great testament to our success in the market, realizing a 19% IRR and 1.96x Equity Multiple over a 4.4-year hold period. Breneman Capital originally purchased Elston in August 2019 for $3,500,000 after we were drawn by the property’s newer construction, rental upside, and rapidly improving neighborhood. Breneman Capital increased rents by 21% over the hold period and ultimately sold it for $4,050,000 after 53 months of ownership. We want to express our sincerest gratitude to our dedicated team, whose hard work made this transaction possible, and to our investors, whose trust and partnership have been integral to our success. -- If you would like to learn more about investing with Breneman Capital, please schedule a call with our team using the link below: https://lnkd.in/gyjRZjhp We work with individual investors, Family Offices, PE, Fund of Funds, RIAs, and they invest alongside us in the best opportunities that we find (and have been for nearly 20 years). -- Disclaimer: This is not an offer to sell or a solicitation to buy securities. Past performance is no guarantee of future results, and investors may experience different results than those shown, including the loss of principal. You should not rely upon forward-looking statements as predictions of future events.

Breneman Capital is pleased to celebrate the successful acquisition of Adams Laflin Place in Chicago on 12/29/2023. Breneman Capital welcomed more new investors in this acquisition than any other investment in our firm's history. They joined numerous repeat investors. Adams Laflin Place was appraised for $19,050,000 significantly in excess of our $18,500,000 purchase price. This investment utilizes modest leverage at 65.0% loan-to-value, 5.53% fixed interest rate, and full-term interest-only debt payments. Adams Laflin's investment profile is one that we believe works in any economy and is predicated on high cash flow, long-term thinking, downside protection, and pride of ownership. Our team was in an excellent position to acquire the property, having transacted with the seller in the past. Breneman Capital diligently tracked Adams Laflin Place since its construction and patiently anticipated when it would be available for purchase. The property was built in 2020 and boasts luxury condominium-level finishes and large floorplans averaging 1,119 square feet. The unit mix is comprised of seven (7) 1-bedroom/1.5-bathroom and forty-five (45) 2-bedroom/2-bathroom units. Adams Laflin Place resides adjacent to Skinner Park and features a rooftop deck with panoramic views of the Chicago skyline and a 52-space parking garage. Adams Laflin Place reinforces our footprint in the Chicago market, and more specifically, the West Loop – one of the most desirable and amenity-rich neighborhoods in the entire country. West Loop is highlighted by its bevy of Michelin Star restaurants and high-profile employers such as McDonald’s Global Headquarters and Google’s Midwest Headquarters. -- If you would like to learn more about investing with Breneman Capital, please schedule a call with our team using the link below: https://lnkd.in/gyjRZjhp -- Disclaimer: This is not an offer to sell or a solicitation to buy securities. Past performance is no guarantee of future results, and investors may experience different results than those shown, including the loss of principal. You should not rely upon forward-looking statements as predictions of future events.