Brickstone Partners

About Brickstone Partners

Brickstone Partners, Inc. is a full-service real estate private equity firm headquartered in Nashville, Tennessee, that specializes in investment and development. Founded in 2001 by Daniel Otis, the company has been involved in over $1 billion in transactions across office, retail, and multifamily asset classes. The firm's core investment strategy is to pursue projects in highly constrained markets that offer an asymmetrical risk versus reward, aiming for opportunistic yields with lower-than-normal risk.

In recent years, Brickstone's focus has shifted towards acquiring, developing, and renovating student and multifamily housing in desirable markets and legacy locations. The firm is a major operator of student-focused multifamily housing in Colorado, with significant investments in Boulder and Fort Collins. Since 2008, the firm has invested nearly $1 billion in Boulder, becoming one of the largest student-housing owners at the University of Colorado at Boulder. Notable activities include the acquisition and comprehensive renovation of properties like the Kensington Apartments, The Junction, and The Alpine Apartments to cater to student populations. Brickstone was also a co-sponsor of the Google regional headquarters campus in Boulder.

The firm's business model involves identifying and executing creative value-add strategies. This often includes extensive renovations of acquired properties to modernize units and amenities, thereby increasing revenue and asset value. Brickstone partners with institutional investors and financial firms, such as Blackstone and Clarion Partners, to secure financing for its projects, including senior loans and mezzanine debt. For example, the firm secured a $58 million refinancing from Blackstone for its Fort Collins portfolio in 2024 and has worked on recapitalizations valued at over $180 million for its Boulder assets. These financial maneuvers allow the firm to realize returns and continue its investment cycle.