
Brinkman Real Estate Enters New Mexico Market
Denver-based Brinkman Real Estate continued its expansion throughout the Intermountain West with the closing of the 52-unit Cascade Crossing Apartments in Albuquerque, as part of its strategy to identify opportunistic deals in high-growth exurbs within the Mountain states. Delivered in 2020, it’s Brinkman’s first acquisition in New Mexico.
“Albuquerque is a perfect example of a high-growth secondary market we are looking to quickly scale up in” said Brett Silverstein, chief acquisitions officer. “It exhibits strong fundamentals and continued tailwinds highlighting the strength of their multifamily market. We’re excited to continue to expand our footprint in these markets.”
The seller was represented by Erik Olson and Billy Eagle with CBRE New Mexico Multifamily Investment Properties. Permanent financing with Independent Financial was arranged by Brady O’Donnell, Jeff Halsey, Jill Haug and Alex Scott with CBRE Capital Markets’ Debt and Structured Finance group in Denver.
- ◦Sale/Acquisition