The Brenrik Group, LLC was formed in 2008 by Erik Slovin, President and CEO.
The company’s direction is headed by Erik Slovin, who initiated the pivotal movement of disposition of assets in the overheated Connecticut Metro market to sourcing product in new emerging markets across the nation.
The company has since built its infrastructure to tackle the challenges of acquiring large multi-family deals with hiring experts in finance, economics, networking, valuation, asset management and due diligence.
The Brenrik Group welcomes new partnerships in Multi-family acquisitions and Mixed Use opportunities.
The core of the company’s business model revolves around developing key relationships within a variety of growth markets across the country. At any given time, the company’s network continues to grow and is presently infiltrating emerging markets that have been identified to present the highest level of value and return for the Brenrik Group and its affiliates. The Brenrik Group uses a variety of strategies for sourcing value-added assets and many times takes properties off the street before they have a chance to be listed.
In a competitive real estate environment where we see in 9 out of 10 markets, the sellers have had the upper hand and the amount of capital flows coming from areas like Florida and California have compressed cap rates to all time lows making it very difficult to find deals, The Brenrik Group stands its ground for acquiring solid assets.
The Brenrik Group competes head to head in these new growth markets, continually fighting for good product and maintains the philosophy that there is no substitute for patience and persistence in this game.
The following criteria are used in identifying multifamily properties for acquisition, management and re-sale. These criteria and the acquisitions that they produce, re-inforce The Brenrik Group's contrarian philosophy of buying undervalued properties. General Criteria:
Potential High Yield Income Streams Various capitalization rates depending on cash requirements, appreciation potential and property. PriceRange: generally $1,000,000 - $15,000,000
Cash Equity – “All Cash” since The Brenrik Group has the capability to arrange financing. However, The Brenrik Group will also consider the assumption of existing mortgages.
3. Age – any age but preferably properties constructed in early to mid 80’s
4. Roofs – pitched construction
5. Minimum Occupancy – 80% however, The Brenrik Group will consider lower occupancy on properties that require renovation, if the properties are well located and present value enhancement opportunities
6.Value Add – The Brenrik Group consistently looks to acquire value added opportunities
After years of study and evaluation of market cycles, Erik Slovin sought after the expert advise of industry leaders in Economics, Urban Studies and Market transitions and teamed up with national Demographic experts and created a Model for identifying new growth areas across the country. After 18 months of model testing, expert consultation and substantial capital investment the model was complete and off and running.
Emerging markets can be labeled as new growth markets or correcting markets from a previous cycle down turn. There are several variables that are used to identify these markets from historic growth patterns and well as future projections that are weighed in the ultimate decision process. The demographic variables are just one component is this complex evaluation process and are used in conjuncture with a myriad of other instruments in measuring whether a market is truly emerging.
The Brenrik Group is moving towards a fully integrated full service real estate company with Limited Liability Partnerships, Limited Liability Companies, Tenant In Common, 1031-Exchange, Development & Asset Management.
An essential ingredient in these successes of the The Brenrik Group is the successful management of multifamily properties. The Brenrik Group’s affiliate, Lindahl Management stresses training, expertise and experience in a variety of management areas, including property selection, market analysis, legal, tax and accounting matters and the of the utmost importance, strong professional expertise in day to day management activities.
The Brenrik Group is unique it its total approach to real estate management by understating how real estate investments develop from concept through construction and from financing and marketing through long-term investment.
Their on-site and regional property management teams are well educated and experienced in leasing, maintenance, coordination, and on-site and regional management. Additionally, these skilled property management professionals work closely with the experienced accounting/financial support group of The Brenrik Group and Lindahl Management.
Timely and accurate financial data is critical to effective and professional management. Therefore, The Brenrik Group has developed a highly sophisticated accounting system using fully intergraded rent rolls, income statements, balance sheets, accounts receivable and payable systems. This multi-faceted program has been developed to maximize rental income, control expenses and preserve the physical integrity of the property while offering a level of services that will attract and retain residents.
The Brenrik Group’s endeavor is to meet a standard of excellence backed by a
tradition of professionalism. These efforts have resulted in cash flow, net operating income and value growth. The Brenrik Group has excelled in multifamily investments because multifamily real estate is their primary business. A proven track record, the ability to creatively structure investments, meticulous attention to detail and value enhanced property management are all qualities that have contributed to the successes of The Brenrik Group and their various investor entities.
The Brenrik Group is dedicated to the use of real estate investments for the protection, preservation and enhancement of invested capital. Their combination of real estate expertise and multi-disciplined skills with a philosophy of “hands-on management” has produced an established group of companies with deduction to quality, innovation, and performance which resulted in past successes and which are the foundation upon which they are building a future in real estate investment.