Refinancing memorializes significant value
creation from unique value add strategy.
FORT
COLLINS, Colo., July 25,
2024 /PRNewswire/ -- Brickstone Partners, a
full-service real estate investment and development firm located in
Nashville, Tenn., today announced
a $58 million refinancing of its
Fort Collins portfolio provided by
Blackstone.
Brickstone acquired the portfolio consisting of two communities,
The Junction Apartments and The Alpine Apartments, totaling 288
units and 9,390 square feet of retail space in 2021. Catering to
the robust college student population at Colorado State University in Fort Collins, the company completed
comprehensive renovations of both properties' unit interiors in
2022.
"The continuous success of these assets underscores the strength
of our fundamental investment approach," said Daniel Otis, founder and CEO of Brickstone. "We
find niche markets and employ innovative strategies for value
creation. Our approach targets attractive markets with strong
fundamentals.
Brickstone Partners is one of the largest operators of
student-focused, multifamily housing in Colorado. Since 2013, the firm has invested
more than $800 million in the growing
Boulder and Fort Collins markets.
About Brickstone Partners
Brickstone Partners, Inc. is
a full-service real estate investment and development firm office
in Nashville. Founded in 2001 by
Otis, Brickstone has been involved in more than $1 billion of office, retail and multifamily
investment and development. Most recently, Brickstone has been
focused on acquiring and developing student and multi-family
housing in legacy locations within highly desirable markets. While
Brickstone delivers strong returns to its investors, it is equally
committed to adding long-lasting value to the communities and
neighborhoods it serves.
Media Contact
Peter
Jakel
LinnellTaylor Marketing
303.682.3944
peter@linnelltaylor.com
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SOURCE Brickstone Partners