The Hermitage is a brand new Trophy Asset, located in Downtown St. Petersburg, Florida. Built in 2017, The Hermitage is a 348-unit, 8-story, highly-amenitized, condo-quality midrise apartment community.
The Orion is an institutional-quality, Class A multi-family asset located in the Central West End, one of St. Louis’ most prestigious and affluent submarkets. Built in 2015, The Orion is an opulent 177-unit, 7-story, midrise rental community, rising above an expansive 38,511 square foot Whole Foods Market.
The 194-unit 1221 Broadway apartments in Tempe, Arizona offers a mix of studio, one, two, and three-bedroom contemporary apartment homes. Completed in 2016, Aura on Broadway has been thoughtfully designed and diligently constructed to out-perform its denser, more expensive competition over the long-term.
We are pleased to announce that The Hermitage purchase has now officially closed.
Brass Enterprises is an investment group with a robust appetite for multifamily real estate acquisitions in high growth markets in the US. Our origins found us in our home country, Canada, where we are still based.
ORIGINAL VISION: Brass Enterprises was formed with the goal of purchasing apartment buildings throughout Canada. Initially we invested heavily in the Toronto market, where real estate assets saw a massive lift in value. Brass acquired buildings in: The Forest Hill Village in central Toronto, where young professionals were moving to enjoy the convenience of a short commute to downtown employment centres without the need for a vehicle; the Church and Wellesley area which was becoming a hot spot for student living and cultural community living; and the High Park region, which was gentrifying at an accelerated pace.
In 2008, Brass started buying in the province of Saskatchewan, Canada, whose government was undergoing a dramatic change. For sixteen years the province had been dominated by the left-leaning NDP party, which had sought to protect the province’s natural resources from exploitation. In 2007, power was transferred to a right wing, conservative party – and growth in the province began to accelerate. Anticipating a boom, as its neighboring province, Alberta, experienced, Brass set their sight on commodity-rich Saskatchewan. Concurrently, the price of commodities began to rise steeply. Within a few short years, The Brass team succeeded in putting together an attractive portfolio of apartment buildings throughout Prince Albert, Swift Current, Yorkton, and Saskatoon, Saskatchewan.