Summary:
- Daniel Otis, CEO of Brickstone Partners, has acquired full ownership of The Lodge at Boulder, a 371-bed luxury student housing community serving the University of Colorado Boulder, consolidating control previously shared with Deutsche Finance America through his family office, Cornerstone.
- The acquisition strengthens Brickstone’s long-term commitment to the Boulder student housing market, following a $180 million portfolio recapitalization in 2022 co-originated by Blackstone Real Estate and Clarion Partners, which included The Lodge at Boulder.
- Since 2015, Brickstone and Otis have driven significant value creation at The Lodge through extensive renovations and operational improvements, achieving internal rates of return above 30 percent and maintaining the community’s status as a premier student housing option near campus.
Original article:
https://www.multifamilybiz.com/news/11331/brickstone_partners_acquires_full_ownership_of_371…
