“We were drawn to this particular property since it checks all the boxes we typically look for: Well-located, high-quality construction and an immediate path to increase the value and cash flow quickly through leasing the vacant retail space and adjusting the apartment rents to market rates."

“A shot in the arm:” Real estate jazzed about $7B United Center plan

This purchase follows Breneman Capital's recent acquisition of the Ashland Place apartments. The Chicago-based investor has plans to target additional neighborhoods like Lincoln Park and Wicker Park in 2024. Their goal is to acquire $80 million worth of properties across various markets.

Breneman holds 16 multifamily buildings comprising 334 units in the Chicago market, the outlet said.

Other Chicago neighborhoods the firm plans to target for acquisitions this year include Lincoln Park, Wicker Park, and Logan Square, Breneman said.

Breneman Capital acquired the apartment community known as Adams Laflin Place located at 128 S Laflin Street in Chicago, Illinois.

Breneman pinned its rationale for purchasing the Ashland Avenue property on resiliency in Chicago's multifamily market.

Breneman Capital announced that it has acquired the apartment community known as Ashland Place located at 33 S Ashland Ave in Chicago, Illinois.

Breneman Capital Acquires West Loop Apartment Building

After owning the property for just over 4 years, we sold it for $3,575,000 – which exceeded the value we assumed we would sell the property for in 10 years.

Jerry Reinsdorf, owner of the Chicago Bulls and White Sox, has sold a 47-unit apartment complex located at 33 South Ashland Avenue in Chicago's West Loop.

Breneman Capital’s Drew Breneman and Jerry Reinsdorf along with 128 South Laflin Place (top) and 33 South Ashland Avenue (bottom) in Chicago (Getty, Google Maps, Breneman Capital)

Discover Breneman Capital's latest strategic move in the Chicago real estate market with the acquisition of the Ashland Place Apartment Community. Dive into the details of this savvy investment in one of the country's most amenity-rich neighborhoods, highlighting the firm's expertise and commitment to quality multifamily properties.

Breneman Capital, an industry leader in private real estate investment management, is setting roots in the heart of Texas.

Breneman Capital, a leading private real estate investment management firm, is proud to recognize the ongoing success of its Breneman Blueprint Podcast. Hosted by Drew Breneman, a real estate investor who owns more than $200MM in property, the podcast has surpassed half a million views across YouTube and other audio platforms.

Breneman Capital's rebrand is an essential step in consolidating the founder's story as an integral component of the brand while also positioning the company for future growth opportunities with unique name recognition.

PHOENIX, AZ – On July 20th, 2022, Breneman Capital acquired the apartment community known as Lofts on 3rd located at 1401 N 3rd Street in Phoenix, AZ.

MESA, ARIZ. — Breneman Capital has purchased Sonoma Village, a multifamily property located at 1318 S. Vineyard in Mesa.

“We shifted a bit more to Phoenix because we see this huge opportunity,” Drew Breneman, founder and CEO of Chicago-based multifamily firm Breneman Capital, said in an interview.

Drew Breneman made his Phoenix debut with an all-cash purchase of his first apartment community here. His Chicago-based company, Breneman Capital, paid $5.57 million for a 24-unit apartment community at 1014 S. Farmer Ave., Tempe.