Drew Breneman, founder and CEO of Breneman Capital, said his team has spent the past six months looking at high growth markets across the country. All signs pointed to metro Phoenix.

Dwelle, a joint venture between Drew Breneman’s firm Breneman Capital (formerly Rise Invest) and Sam Meyer, closed on the sale of 3433-3443 N. Lakewood Avenue in Chicago on November 20th. The Lakeview asset traded for $4,400,000 or $275,000 per unit.

Drew Breneman’s Breneman Capital (formerly Rise Invest) and Sam Meyer, has acquired a 72-unit apartment building in Chicago for 32.8 million. The fully leased property is located at 1247-1249 W. Madison St. in the West Loop.

“It’s a COVID-19 era deal. The going-in cap rate is higher than anything we’ve come across in years of comparable size and quality. We like the price per pound we are getting here too.

As we all manage our businesses and lives during the COVID-19 lockdown, we decided that it would be helpful to share the experiences of some of our clients, how they view the situation and how they are managing their operations.