The Brinkman Report

About The Brinkman Report

The Brinkman Report brings you the latest insights into multifamily investments in the Intermountain West region. Kevin Brinkman, founder and CEO of Colorado-based Brinkman Real Estate, talks to industry experts in every facet of the business to go beyond the headlines. In this monthly podcast, he and his guests will discuss the most current data and first-hand experiences from professionals in capital markets, acquisitions, and investment, focusing on the unique dynamics within Intermountain West multifamily.

Publisher

Brinkman Real Estate

Category

business

Language

en

Explicit

No

First episode

6 May 2024

Latest episode

30 Apr 2025

Latest episodes

12 episodes in the feed.

1. 

   30 Apr 2025

   Episode 12: Multifamily Assessments Down 25%? What to Expect from 2025 Property Taxes

   In this episode of the Brinkman Report, host Kevin Brinkman is joined by Matt Poling, a principal at Ryan, to explore the intricacies of property tax assessments in Colorado and the Mountain States ahead of the May 1 deadline. Matt explains Colorado’s biannual reassessment process, the impact of 2023’s sharp rise in single-family home values, and what to expect for multifamily properties, which could see a 15% to 25% decrease in assessed values in some counties. The conversation covers how assessment ratios and mill levies influence tax bills, the importance of timely appeals, and the broader market performance of office, retail, and industrial assets. They also examine how legislative changes, including the repeal of the Gallagher Amendment, are reshaping property taxation across the state. Guest Info: Matt Poling, Principal, Ryan Matt.poling@ryan.com Matt Poling is a Principal in the Denver office of Ryan, the leading global tax services and software provider. With over 30 years of experience in tax and accounting, he specializes in the valuation, assessment, taxation, and exemption of real and personal property across a wide range of industries—including commercial, industrial, hospitality, office, multifamily, and REITs. He leads and develops property tax professionals across a 12-state region, delivering strategies that help clients reduce tax liabilities, enhance cash flow, and mitigate compliance risk. A Certified Public Accountant (CPA), his prior roles include leadership positions at Deloitte Tax LLP, Arthur Andersen, and Thomson Reuters Property Tax Services. Known for his client-first approach, he is dedicated to building long-term partnerships, fostering team growth, and advancing Ryan’s commitment to innovation, inclusion, and corporate responsibility.

2. 

   2 Apr 2025

   Episode 11: The Long Game - Investing Through Market Cycles

   In this episode of The Brinkman Report, host Kevin Brinkman and guest Chris Nebenzahl discuss the multifamily rental market’s current trends, including a supply-demand imbalance, rising interest rates, and cautious investor sentiment. While supply has outpaced typical absorption levels, strong demand and a pullback in new construction suggest stabilization ahead. They also explore challenges in cap rate compression, extended investment timelines, and highlight resilient markets like Denver and Boise. The episode closes with a look at the national housing shortage, emphasizing continued rental demand as homeownership remains out of reach for many.

3. 

   27 Feb 2025

   Episode 10: Supply Surges to Rent Recovery - A Deep Dive into Multifamily Dynamics

   In this episode of the Brinkman Report, host Kevin Brinkman, along with COO Dan Metzger and CFO Peter Yoo, explores the state of the multifamily market, particularly in the Mountain West. They discuss the sharp decline in new apartment starts following a peak in 2023, its impact on supply and demand, and regional rent growth trends—highlighting Boise and Missoula’s positive outlook versus Salt Lake City’s oversupply challenges. The conversation covers tenant retention strategies, labor market difficulties, and the insurance and financing landscape, where agency lenders offer competitive terms. They conclude with a stable outlook on interest rates, emphasizing the need for strategic management to navigate market fluctuations. GUEST INFO: Pete Yoo, CFO, Brinkman Real Estate pete.yoo@brinkmanre.com Dan Metzger, COO, Brinkman Real Estate dan.metzger@brinkmanre.com

4. 

   27 Jan 2025

   Episode 9: 2025 Outlook - Economic Predictions and Market Insights with Sasha Shtern and Russell Hedman

   In this episode, Kevin Brinkman hosts an insightful discussion with legal expert Russell Hedman and entrepreneur Sasha Stern. They dive into their predictions for the economy in 2025, covering key topics such as interest rates, inflation, GDP growth, and the impact of AI on the labor market. Discover their thoughts on the future of real estate, the potential for a soft landing in the economy, and the implications of deregulation in various sectors. They also explore the evolving landscape of sports team valuations and the transformative potential of autonomous vehicles on urban real estate. GUEST INFO: Russell Hedman, Partner, Hogan Lovells russell.hedman@hoganlovells.com (mailto:russell.hedman@hoganlovells.com) Russell Hedman leads and negotiates complex M&A and investment transactions around the world, with a particular focus on sports teams and private equity. Russell's combination of experience and enthusiasm has made him a trusted advisor to clients across industries. Russell’s notable sports team transactions include leading the acquisition of the Denver Broncos for the Walton-Penner ownership group, the buyout and subsequent sale of the Brooklyn Nets and the Barclays Center for Onexim Sports & Entertainment Holdings, and the 2021 recapitalization of the San Antonio Spurs. Russell also leads transactions for numerous private equity and venture capital sponsors working across industries, including Mountaingate Capital, Talkot Capital, SymBiosis Capital Management and various  others sponsors and portfolio companies. An active contributor to the Denver community, Russell’s current and past board roles include the Colorado Black Chamber of Commerce (policy committee chair), Ensemble Innovation Ventures (parent company to Delta Dental of Colorado), Denver Public Schools Foundation, Rocky Mountain Prep and Youth On Record. Russell graduated from Harvard Law School in 2011, where he served on the academic affairs committee of the Harvard Black Law Students Association. He also co-founded the Harvard Caribbean Law Association. Sasha Shtern, CEO, Goally sasha@zerogcapital.com (mailto:sasha@zerogcapital.com) Sasha is a long-time Denver resident and serial entrepreneur. In high school he wanted to be a race car driver, so he wrenched on cars for two years in the vocational auto program. Then he studied finance at the University of Colorado with the hope of being a stockbroker. Sasha got his business start selling bathtubs on Ebay in the early 2000s. That venture evolved into a successful ecommerce business and home improvement manufacturing business. Sasha was president of Entrepreneurs Organization Colorado, co-founder of Ethereum Denver, and founder of Colorado Liftoff. As a coach and mentor, Sasha has worked with over 200 business owners.

5. 

   17 Dec 2024

   Episode 8: Optimism for Multifamily in 2025 - Expert Insights from Marcus & Millichap

   Kevin Brinkman talks to Marcus & Millichap's John Chang about navigating multifamily real estate market trends, interest rates, and potential recession risks with cautious optimism.

6. 

   28 Oct 2024

   Episode 7: Real Estate Meets Politics: How Shifting Power Affects the Economy and Your Investment

   This month, Kevin welcomes Ian Silverii (https://www.thebighorncompany.com/#team), host of the Get More Smarter (https://open.spotify.com/show/75MnREMT6emfnqIRvbhRK3?si=ce9e5b72f4784f81) podcast and a prominent figure in Colorado politics. Together, they discuss political shifts in key states, what a supermajority means for business and real estate, and Ian’s thoughts on prediction markets, poll reporting, and the future of US debt. Ian also shares why real estate investors should engage more with government to influence policy outcomes. They dive into the implications of ranked choice voting, state and federal ballot initiatives to watch, and how a divided government might impact real estate investment. Plus, Ian gives a glimpse into what it’s like co-parenting with a U.S. Congresswoman. Don’t miss this insightful discussion on the intersection of politics, business, and family.

7. 

   1 Oct 2024

   Episode 6: From Dorm Room Dreams to Commercial Real Estate Titan

   In this episode, we sit down with Marcel Arsenault, a real estate entrepreneur and philanthropist, to hear his incredible journey from making ice cream in his dorm room to becoming one of the largest private owners of commercial real estate in the western United States, with investments totaling $5.1 billion in acquisition value. Marcel shares the key strategies that have helped him navigate the ups and downs of the real estate industry—what he calls the "real estate rodeos"—and offers his grim forecast for the economy and thus the real estate buying opportunities that will likely arise in 2025. Beyond business, Marcel and his wife have turned their success into a force for good by establishing foundations aimed at solving some of the world's biggest challenges. As participants in The Giving Pledge, they are committed to using their wealth to make a lasting impact. Don't miss this inspiring conversation with one of real estate's most dynamic figures. ABOUT MARCEL ARSENAULT marsenault@realcapitalsolutions.com (mailto:marsenault@realcapitalsolutions.com) Marcel approaches the real estate business from an academic perspective, constantly reading and analyzing the industry to better understand the story behind the story of real estate cycles. His company, Real Capital Solutions, has purchased and managed more than 395 real estate assets, totaling approximately $5.1 billion in acquisition value. RCS currently has $2.4 billion in Assets Under Management. Marcel is one of the most active private owners of commercial real estate in the western United States. By constantly monitoring developments in the real estate industry, he tries to be ahead of the game. Marcel describes himself as a “real estate theorist who lives in the real world.” During his career, Arsenault has completed workouts on more than 10 million square feet of property acquired during the RTC and savings and loan crisis and accurately predicted the housing-led U.S. recession, selling 80 percent of his portfolio at market peak. His considerable entrepreneurial experience has enabled him to build strong teams and direct rapidly growing companies. He is frequently contacted by the media to share his expertise; he’s appeared in INC Magazine, Colorado Real Estate Journal, TIME Magazine and Bloomberg News. Marcel Arsenault is also the Founder & Chairman of One Earth Future Foundation. One Earth Future Foundation leads initiatives to improve systems that prevent armed conflict through governance. To date, Marcel and his wife Cynda have contributed over $100 million to OEF and two related foundations. With 75 current employees, OEF is growing rapidly and expects to employ over 400 in the next 10 years. OEF’s areas of focus include: Enhancing maritime cooperation: Oceans Beyond Piracy (OBP) works to facilitate such cooperation around maritime piracy, and Secure Fisheries brings attention to global trends around illegal, unreported, and unregulated, fishing (which precipitates conflict and generated Somali piracy). OBP played an integral part in the release of 26 hostages after being held by Somali pirates in 2016. Arsenault obtained a B.Sc. degree from McGill University and pursued a Ph.D. in molecular biology at the University of Colorado before embarking on his entrepreneurial career.

8. 

   29 Aug 2024

   Episode 5: Asset Allocation Secrets of Ultra-High-Net-Worth Individuals

   In this insightful episode, we sit down with the chair of an exclusive private group for Ultra-High-Net-Worth Individuals (UHNWI) to explore how the wealthiest among us strategically allocate their investment assets. From real estate to private equity and alternative investments, our guest shares firsthand knowledge of the trends and strategies employed by UHNWIs to grow and safeguard their wealth. We’re joined by Doug Johnson, Chair of Tiger 21, who works closely with investors daily, offering practical advice on wealth creation and preservation. Whether you're looking to understand the mindset of the ultra-wealthy or seeking actionable tips for your own financial journey, this episode provides valuable insights into the sophisticated world of UHNWI investments. Tune in to discover how the wealthiest stay ahead in an ever-changing financial landscape. Doug Johnson | doug.johnson@tiger21chair.com (mailto:doug.johnson@tiger21chair.com) Doug Johnson chairs three TIGER 21 groups in Denver and a Family Office Group. Husband to Jennifer, father to Jake and Dane and stepfather to Josephine and Evan, Doug and his family are at home in Fort Collins, Colorado. A past investment and trust advisor, his experience includes public markets, direct investments, banking, venture, deal sourcing and syndication. In addition, Doug has served on several boards and commissions primarily focused on education and economic development.

9. 

   1 Aug 2024

   Episode 4: Private Markets and Economic Scenarios

   This month’s episode is all about the economy and peaking under the hood to see where professionals with the most skin in the game are placing their bets. We welcome Joe Hegener, Chief Investment Officer and founder of Asterozoa Capital Management, an alternatives investment manager and advisor. Joe and Kevin talk about recent developments in the economy, the many moving parts of the U.S. election, growing geopolitical tensions, fiscal policy, and more, and the predictions of the downstream effects on capital markets. Joe speaks to where he sees the economy going, his predictions on interest rates and the yield curve, and the many scenarios he’s watching to determine investment strategy for his clients. JOE HEGENER BIO: Joe is the CIO and founder of Asterozoa Capital Management. Previously, Joe was CIO of an event-driven hedge fund, where he developed and implemented fund strategy. Joe also worked on a high-discretion fixed income trading desk at PIMCO, contributing to structuring trades for $125 billion in assets under management across varying strategies, asset classes, and investment guidelines. Before PIMCO, Joe worked in portfolio analytics and advisory for institutional clients at BlackRock, serving as a key point of contact to the CIO and CRO of pension funds, central banks, and insurance companies as well as groups internally. Joe graduated from the University of Pennsylvania with a degree in Economics. JOE HEGENER CONTACT INFO: joe@asterozoacapital.com (mailto:joe@asterozoacapital.com) / 858.692.8461 / www.asterozoacapital.com (www.asterozoacapital.com)

10. 

    2 Jul 2024

    Episode 3 - How to Forecast Interest Rates

    The million-dollar question: how do you forecast interest rates in this unprecedented market? The Wall Street Journal’s go-to expert on interest rate hedging, Carol Ng with Derivative Logic, shares how she forecasts interest rates for her clients and digs into the details of: how headlines move the market; why employment rates don’t tell the whole story; how political instability impacts the yield; how hedging is used in real estate; and more. GUEST: Carol Ng, CFA Managing Director | Derivative Logic O: 415-510-2100 | D: 303-539-5883 ⁠cng@derivativelogic.com⁠ (mailto:cng@derivativelogic.com) I ⁠derivativelogic.com⁠ (derivativelogic.com) | ⁠Book an appointment⁠ Carol Ng is a Managing Director of Derivative Logic. Her prior experiences include assisting commercial real estate firms, regional banks, credit unions, and private equity firms with managing interest rate and FX exposures at both Chatham and Derivative Path. She also spent time at Western Union as part of the capital markets team managing FX risk for their money transfer business.

11. 

    4 Jun 2024

    Episode 2: Predictions for the economy and capital markets in 2024 and beyond

    In this month's episode of The Brinkman Report, Kevin welcomes two industry experts from CBRE to talk about what we can expect in the near and long term from the economy, capital markets, supply, rent growth, cap rates, and more. They share their predictions for the impact to multifamily investments throughout the mountain states, grounded in their first-hand experiences and the most up-to-date market data and trends. Learn more about our guests below! Brady O’Donnell Vice Chairman of Debt & Structured Finance CBRE Capital Markets ⁠brady.odonnell@cbre.com⁠ (mailto:brady.odonnell@cbre.com) ⁠https://www.linkedin.com/in/brady-o-donnell-80988311/⁠ (https://urldefense.com/v3/__https:/www.linkedin.com/in/brady-o-donnell-80988311/__;!!GnpIGg!eEx0M4t5ejPsQ7mGKwCw9u2yctjHmnLDh_qotRa4xUpGndsGs7RXmnV6Z7iVW0QzCFz7wJ1jCooDgCx3ayGh59S5_bb2fRWNXg$) Brady O’Donnell provides leadership for CBRE Debt & Structured Finance Services in Colorado. He builds advantage for his clients through his extensive network of Freddie Mac, Fannie Mae, HUD, Life Insurance Company, Commercial Mortgage Backed Securities (CMBS), bank, and bridge lender relationships. With clients ranging from institutional real estate funds to local private capital investors, Brady, together with his group of Debt & Structured Finance professionals, assesses the needs of each client in developing a financing solution tailored to ownership strategies. With access to CBRE’s fully integrated, global platform, clients benefit from unparalleled resources critical to the financing process, including investments sales, marketing, research, valuation, property management and leasing. Matt Vance Vice President and Americas Head of Multifamily Research & Senior Economist CBRE, CBRE Econometric Advisors matthew.vance@cbre.com (mailto:matthew.vance@cbre.com) https://www.linkedin.com/in/mattvancecbre/ (https://urldefense.com/v3/__https:/www.linkedin.com/in/mattvancecbre/__;!!GnpIGg!eEx0M4t5ejPsQ7mGKwCw9u2yctjHmnLDh_qotRa4xUpGndsGs7RXmnV6Z7iVW0QzCFz7wJ1jCooDgCx3ayGh59S5_bZRkX2HMA$) Matt Vance serves as Vice President and Americas Head of Multifamily Research for CBRE. Matt is also a Senior Economist with the CBRE Econometric Advisors—the firm’s data science and forecasting arm. His work is grounded in economic theory and designed to support a wide range of client investment strategies. Matt is a frequent speaker at leading industry events and his research is regularly cited throughout the media including The Wall Street Journal, New York Times, Newsweek and many others.

12. 

    6 May 2024

    Episode 1: The State of Intermountain Multifamily

    Kevin Brinkman welcomes Brinkman Real Estate's COO, Dan Metzger, to talk about what we can expect in the short- and mid-term in multifamily investing. They identify where we are in the cycle and why now is the time to be buying. Dan provides candid feedback on how new supply and inflation are affecting tenants, and how new legislation is affecting the industry.

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

Apple Podcasts (US)

5.0 / 5

5 ratings

Podcast Authority Score: 36 / 100

A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.

Quality

60

Social presence

0

YouTube

0

Engagement

32

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Based on episode analysis; this does not confirm that the show is currently accepting guests.