What an Operator Sees
Everyone wants Brentwood. I've seen only six apartment trades in Brentwood so far in 2026, which tells the story. Owners don't want to sell Brentwood, and when assets do come to market, buyers are ready to strike.
The average rent of roughly $2,737 per unit sits below where renovated units should lease, providing approximately 20% upside over time. Brentwood is also a supply-constrained market. There is very little land left to develop, and I continue to see fewer new apartment projects breaking ground.
Over the years, I've come to realize that location remains the ultimate moat in real estate.