What We Buy
We target high-quality, low-density communities that meet specific criteria, ensuring day-one cash flow and a clear path to value creation.
Garden-style apartments, townhomes, and build-to-rent communities.
Large floor plans with functional layouts. Attached garages, private patios or balconies, and full on-site amenities are strong preferences. Typically 200–300 units per community.
Preferred submarkets within our target cities, prioritizing top-decile school districts, high-income demographics, and proximity to employment corridors.
All-in acquisition basis below replacement cost. We target a 5.00%–5.25% entry cap rate with untrended return on cost of 6.00% or greater once the business plan is executed.
We look for favorable rent-to-income ratios, ensuring a “new economy” renter profile with pricing power and low turnover risk.
Where We Buy
Brixton targets preferred submarkets in high-growth western and southwestern U.S. cities where projected population expansion, employment gains, and income demographics support durable multifamily performance.
Our Strategy at a Glance
Acquire
- High-quality, low-density communities built 2000+
- Acquired below replacement cost from motivated sellers
- 5.00%–5.25% entry cap rate
Execute
- Interior renovations and amenity upgrades
- Mark-to-market leasing across the portfolio
- 8–10% NOI growth targeted within 24 months
Stabilize
- 6.00%+ untrended return on cost
- Supplemental loan or refinance optionality
- Positive leverage widens as NOI grows
Exit
- Sell to core-plus buyers, REITs, or private equity firms
- Target 5.25% exit cap rate or better
- Mid-to-high teens net levered IRR to investors over a 3–5 year hold
Interested in Multifamily Real Estate Investing?
Speak with our investments team to learn more about Brixton’s multifamily strategy and current opportunities.