BOULDER, Col., August 23, 2022 /PRNewswire/ — Brickstone Partners, a full-service real estate investment and development firm located in Nashville, announced the acquisition of Kensington Apartments next to the University of Colorado Boulder.

Since its founding in 2001, Brickstone has been involved in over $1 billion of real estate transactions, including more than $500 million in Rock.

“Kensington is a continuation of our fundamental investment thesis: to invest in residential and commercial real estate assets that are in highly constrained markets and generate opportunistic returns,” said Daniel Otis, founder of Brickstone. “The fact that this property has never changed hands since it was developed over 50 years ago is a vindication of why we continue to invest heavily in Rock.”

A few blocks from the University of Colorado Boulder campus, Kensington Apartments offers 163 units and a host of amenities designed specifically for students, including on-site laundry facilities, underground parking, fitness center, indoor swimming pool, clubhouse and more.

As part of their contribution to the thoughtful growth and revitalization of Rock and aging properties in the city, Brickstone will launch a comprehensive two-year renovation program to fully upgrade and modernize the interior finishes of units in the community, including cabinets, countertops, appliances, flooring , lighting and plumbing fixtures.

In addition to the interior upgrades, Brickstone will significantly upgrade the life safety features, amenities, pavilion and exterior landscaping, making the property almost brand new.

“We are delighted to add Kensington to our extensive portfolio of Colorado communities, and for the opportunity to enhance the property to better serve the needs and desires of its residents and this great city and institution,” said Otis. “With the iconic Flatirons as a backdrop, Rock is one of the most beautiful places to live in the nation. The city continues to grow rapidly due to the prestige of the university and the rapid influx of technology companies choosing to call Rock residence. With our investment in Kensington, we look forward to contributing to this dynamic growth by providing a safe, fully renovated community that caters to the active, modern lifestyle that Rock residents desire today.”

About Brickstone Partners

Brickstone Partners, Inc. is a full-service real estate investment and development firm located in Nashville. Founded in 2001 by Otis, Brickstone has participated in over $1 billion investment and development of offices, shops and collective housing. More recently, Brickstone has focused on acquiring and developing multi-family housing in legacy locations within highly desirable markets. While Brickstone delivers strong returns to its investors, it is also committed to adding lasting value to the communities and neighborhoods it serves.

SOURCE Brickstone Partners