Kevin Brinkman is Founder & Chief Executive Officer of Brinkman Real Estate. In addition to growing the company to nearly $820 million in real estate investments, Kevin led the charge to becoming one of the first B Corp certified real estate companies.
As CEO, Kevin leads the overall vision and strategy of the company. He cultivates investor partnerships through predictable results and transparent communication. He fosters an environment of innovation that creates collective success for internal and external stakeholders.
He is a member of Young Presidents Organization, Institute for Private Investors, Tiger21, and Boulder Investment Group. Kevin was honored as one of the Top 25 Influential Young Professionals in Colorado and was also inducted into the Real Estate Hall of Fame.
Listen to this episode from The Brinkman Report on Spotify. Kevin Brinkman welcomes Brinkman Real Estate's COO, Dan Metzger, to talk about what we can expect in the short- and mid-term in multifamily investing. They identify where we are in the cycle and why now is the time to be buying. Dan provides candid feedback on how new supply and inflation are affecting tenants, and how new legislation is affecting the industry.
The whispers are growing louder: multifamily investors are wanting back in. While some investors may be hesitant to jump in until the recovery is undeniable, waiting for a definitive bottom could mean missing out on significant opportunities. Industry giants like Blackstone are already making their moves with their recent $10 billion multifamily purchase, recognizing the “pillars of a real-estate recovery coming into place” and noting that they “are, of course, not waiting for the all-clear sign and believe the best investments are made during times of uncertainty” (Karmin et al., 2024).
Many analysts plot us near the trough of the real estate cycle with new deliveries expected to peak in the near term and occupancy accelerating by end of year, hence the popular industry trope, “survive ‘til 25!” Although the difficulties of this phase of the cycle shouldn’t be understated, our perspective is that multifamily continues to be a beacon of stability in the current landscape, attracting investor interest regardless of the wider market uncertainties. When taken into context of incoming supply at a 40-year high, mild vacancy numbers and flat rent growth instills confidence that there are still opportunities on the horizon for strategic real estate investors.
We are entering the first inning of the multifamily housing buying opportunity we have been waiting for. The historic multifamily supply coupled with tightening capital markets are creating motivated sellers needing to liquidate and harvest capital. We are already seeing an uptick in opportunities and expect the next six to 12 months to bring a flurry of sellers to the market. In this time of cautious optimism, I’m reminded of Warren Buffet’s advice to, “be fearful when others are greedy and greedy when others are fearful” and its timely relevance for multifamily investors. For those with the conviction to push through the headwinds, the upside of uncertainty is that we could be moving into the best buying opportunity since the Great Recession.