Investment Philosophy
Brickman's experience as an owner-operator of real estate assets is at the core of its investment strategy.
Since the formation of the firm in 1992, Brickman has been an owner-operator of properties. The firm has leased, managed, developed and re-developed assets in this regard. Brickman has brought this skill set to the underwriting, purchase, and execution of performing and non-performing debt.
The firm believes that the likelihood of a slow and uneven economic recovery, the desire of financial institutions to sell sub-performing assets and the need for vast amounts of capital to recapitalize overleveraged assets, create opportunities to purchase debt and distressed real estate assets at favorable risk-adjusted prices. Additionally, many of these assets (both debt and equity) will require the value- added and real estate operating skills possessed by Brickman in order to evaluate and/or execute on a business plan for these assets.
The principals' collective experience, strong relationships, and skill sets make the firm uniquely positioned to take advantage of the current slow growth outlook for real estate fundamentals and turmoil in the capital markets.
The firm's investment strategy is to invest in the following types of assets in which the firm can add value:
- Performing, sub-performing, and non-performing debt
- Distressed properties
Brickman is seeking debt and equity opportunities with the following characteristics:
- Assets in major market/gateway cities in which Brickman has a presence or in-depth knowledge of the market
- Distressed or sub-performing assets
- Mid-sized transactions ranging from $5mm-$25mm of equity capital
- Returns in the mid- to high-teens