Breneman Capital’s Post

Distress is a term often used by folks who are looking for a deal. In many cases, it usually identifies a winner and a loser. Westmount Square Capital we pride ourselves on being creative, dynamic, but most importantly collaborative. Our exacting approach is certainly with the intention to win for our investors, but it is also cooperative in nature as to avoid inertia and limit emotion with other parties. When we find multifamily distress, we approach it as a partnership. As an investor, we work with the incumbent owner/lead sponsor to find a swift resolution that achieves our minimum return thresholds while trying to salvage the interests of the deal's stakeholders.    This is the approach we used for our latest distressed acquisition in Jacksonville, FL (two properties/185 units). We really enjoyed structuring this one and our playbook is set for similar opportunities. We want to thank our partners at Miramar Capital Advisors for their collaboration on this transaction.   If you are a sponsor, LP, or participant with a financial interest, exposed to Central/Northern Florida, you are likely facing structural headwinds: interest rate volatility, ballooning insurance costs, staffing shortages, capital structure drag, or operational tribulation...#distress. We can work with you and we would love to share our story - reach out if you care to discuss. #multifamily #valueadd #jacksonville #florida #multifamilyinvesting #floridarealestate https://lnkd.in/giWqCbQj

QuadReal Property Group, the Vancouver-based global real estate investment firm with assets under management of $77.6 billion, has made a significant move in the US multifamily market, acquiring 1,400 apartments across four major cities from Quarterra Group, Lennar’s multifamily apartment builder. This strategic expansion demonstrates QuadReal's commitment to high-conviction markets and its focus on building a best-in-class portfolio. 1. Beacon85 (Denver): 343 units in Lakewood North 2. Bradham (Charlotte): 432 apartments in South End, on the light rail line 3. Maris (Washington D.C. area): 293 units in Annapolis Town Center 4. Nexa (Phoenix): 399 units near Arizona State University in Tempe. This acquisition underscores QuadReal's conviction in the multifamily sector. QuadReal will oversee these properties’ operations, leasing, and capital investment while outsourcing property management to a third-party provider. At the end of 2023, Quarterra Multifamily marketed 11,000 units for sale. They sold 18 communities to KKR, totaling over 5,200 units, for $2.1 billion and sold five more communities. 💡 Do you think acquisitions will increase with large institutional investors actively purchasing multifamily portfolios? Share your thoughts in the comments below 👇! Please like 👍, comment below 👇, or share 👉. Click the 🔔 in my profile to get notified of my posts. And follow me for more content like this. #home #multifamily #homerental #buildtorent

In case you missed it, Inland Private Capital successfully sold a Colorado Springs multifamily property, resulting in a profit on sale and a 6% internal rate of return to investors. Connect CRE has more on the transaction: https://hubs.ly/Q02sjXSC0 #Multifamily #CRE #CommercialRealEstate #RealEstate #Sale #DST #ColoradoSprings #Colorado

Harbor Group International is making waves in the multifamily sector, scooping up new properties and showing a keen eye for fresh builds. Here's the lowdown: New Digs: They've added some cool new spots in Denver to their already hefty portfolio. Looking Sharp: Focusing on new constructions in hot markets, they're all about snagging the best deals. Market Moves: More players are jumping in, but Harbor Group is quick on its feet, keeping an eye on the prize despite tighter competition. Staying Steady: They're sticking to their game plan, navigating market ups and downs with a solid strategy. Looks like they're not just playing the game—they're setting the pace! #RealEstateInvestment #MultifamilyHousing #MarketDynamics #StrategicInvestment #Colliers #Pittsburgh #MoreIn24 #ThriveIn25 #ClosersCoffee #ColliersCapitalMarkets https://lnkd.in/eQqPGQD3

Morgan Properties, the nation's largest private multifamily owner and operator, just completed the acquisition of nearly 3,500 units across our home state of PA from The DePaul Group. This adds a private group to this years mix of massive multifamily portfolio bets behind Blackstone and KKR. One thing is for certain, these sales indicate growing confidence in the multifamily market by both institutional and private investors alike. Sale volume is returning as sellers and buyers have a better understanding (and maybe acceptance) of where the market is now after a significant correction. #multifamily #multifamilyinvesting #realestate #realestateinvesting #investmentsales #cre #pennsylvaniarealestate #cushwake

📢 Real Estate Insights: Now is a Prime Time to Buy Apartments! 🏢 Key Takeaways from Hamilton Point Investments: Strategic Acquisitions: In May and June, Hamilton Point Investments (HPI) bought four new properties in Houston for $195 million, totaling 1,174 units. Cost Efficiency: These assets were secured at $166,100 per unit, significantly lower than the $210,000 per unit cost from two years ago. Market Timing: HPI's co-founder Matt Sharp highlights that current prices offer the best buying opportunities since 2010-2011 due to an overbuilt market. Investment Strategy: Focus on nearly brand-new properties directly from developers, purchasing below development cost. Fundraising Success: Continuous interest in apartment investments with strong demand from their investor base, driven by the potential for rent inflation and cash flow stability. Technology Integration: While embracing technology, HPI values human interaction, especially in maintenance, and avoids over-reliance on pricing software to maintain tenant affordability and relationships. 👉 According to Matt Sharp, this favorable buying window is expected to last through the end of the year, making it an excellent time to invest in multifamily properties. Stay tuned for more real estate insights! #Colliers #Pittsburgh #MoreIn24 #ThriveIn25 #ClosersCoffee #ColliersCapitalMarkets https://lnkd.in/e7um6mbe

While we’ve done dozens of development deals in the past few years, we’re excited to announce our first property purchase since February 2020: the impending acquisition of a 300-unit garden-style multifamily property in suburban Dallas.     In today’s Bisnow article, Origin Co-CEO David Scherer discusses the impact of recent high-profile transactions by investment giants like KKR and Blackstone. With stabilized interest rates and strong fundamentals, multifamily demand is set to outpace supply. Read the article here: https://bit.ly/3XIGcFY #realestate #multifamilyinvestments #markettrends 

22 years ago today I purchased this 20 unit multifamily apartment building at 5219 S. Drexel. After doing so, several people approached me asking if I was looking for investors. Armed with some simple ideas of providing great customer service, leveraging technology, and being disciplined, I began to buy more apartment buildings. My goal was not as much to be a force in the Chicago apartment market but rather to just take one day at a time, find the right opportunities and provide the best resident experience that could be delivered. Today we manage 70 buildings taking care of about a thousand apartments As I approach 60, I have been reflecting on my life's journey and accomplishments. I am grateful for those who have supported and invested with me through the years. We have employees who've been with us for nearly 20 years. We have investors who have continued to reinvest with us since the beginning in 2002. I've remained steadfast in my belief systems of respect and consideration for others and simply followed my intuitions. Building a great company is about building great relationships. We have exciting things happening in our future. If you think your apartment building can be performing better with happier residents and higher NOI, give us a call. Drexel Properties continues to expand our services for third party owners. We love what we do. #runitlikeweownit #customerservice #apartmentforrent #rentalunit #apartment #apartments #realestatelife #rentalproperty #propertymanagementtips #chicagoapartments #propertymanagementexperts #lovewhatyoudo #lovewhereyoulive #lovewhatido #investors #investments #invest #smallbusinessbigdreams #smallbusiness

According to an article in the Wall Street Journal today, Equity Residential is set to acquire 11 apartment complexes, totaling over 3,500 units, for $964 million from Blackstone. This marks the largest multifamily purchase by a public real estate investment trust in about seven years, focusing on high-growth markets like Atlanta, Denver, and Dallas/Fort Worth. Does this transaction signal investor confidence in a multifamily market rebound, supported by the potential for Federal Reserve interest rate cuts and cooling new developments? Alec Brackenridge of Equity Residential highlights the appeal of properties in strong-growth areas with attractive pricing. With major deals reflecting optimism in the sector, do you believe we're on the verge of a significant recovery in rents and property values? Share your insights in the comments! #MultifamilyMarket #RealEstateInvesting #EquityResidential #Blackstone #MarketTrends

Liya Mo, Vice President of Acquisitions and Originations, and Edward Platts, Analyst, attended Bisnow's Southeast Single-Family Rental, Build-to-Rent, and Master Planned Communities event in Orlando, FL on October 26th, 2023. Liya Mo was a speaker at the event and shared her current views on land acquisition, new market expansion, and tailoring the design of Lafayette’s Build for Rent (BFR) communities to residents' evolving needs. Below are some of the key highlights: 🏡 Strategic Shift in our Acquisition Strategy: Lafayette has adjusted its acquisition strategy from buying finished homes to buying land to align with market conditions which have changed a lot since Lafayette started investing in BFR communities in 2019: cap rates on finished homes went from 6% in 2019 to 4% in 2022 and are now back up closer to 6%. This has pushed Lafayette to stay nimble and spend more time on land deals in 2023 for which 7% cap rates are achievable. 🏡 New Market Underwriting: When considering expanding to a new market, Lafayette places more emphasis on understanding the multifamily supply and demand dynamics of that market. Beyond traditional underwriting metrics such as income, population, and crime rates, Lafayette recognizes the potential multifamily oversupply in over a dozen markets, thus taking a holistic approach to ensure strategic market entry. 🏡 Adapting Community Design: Thanks to our direct feedback loop and constant collaboration with Brandywine Homes USA, Lafayette's property management affiliate, we continuously adapt the specs and design of our communities to evolving tenant needs. Notable enhancements in our BFR communities include backyard fences (catering to more than 50% of tenants who have pets!), lawn maintenance services, smart home packages, and washers/dryers. #sfr #btr #singlefamily #buildforrent #realestate #residentialrealestate🏡📈