Real Estate Capital Advisory

Built for institutional capital.
Trusted across the lifecycle.

BrickVests is an independent advisory firm partnering with US sponsors, developers, fund managers, and lenders on the financial models that move real estate transactions forward.

The Firm Advises
Private Equity Sponsors· Developers· Fund Managers· Family Offices· Senior Lenders· Institutional Investors
Capabilities

End to End Real Estate Modelling.

Six core capability lines covering the full real estate transaction lifecycle, from initial screening through capital deployment, hold period operations, and exit.

Acquisition Underwriting

Property level underwriting with rent roll analysis, T 12 normalisation, hold period cash flows, debt sizing, levered and unlevered returns, and exit cap reversion.

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Development Feasibility

Ground up and value add feasibility from land acquisition through construction, lease up, and stabilised exit. Includes development margin, yield on cost, and profit on cost.

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Equity Waterfall Structuring

Multi tier GP and LP waterfall structures with preferred return hurdles, catch up provisions, promoted interest tiers, and full capital account tracking.

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Debt and Capital Structuring

Construction to permanent loan structures, interest reserve modelling, DSCR covenant testing, loan sizing, and lender ready debt schedules with all key credit metrics.

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Scenario and Sensitivity Analysis

Two way data tables, scenario managers, and tornado charts across rent growth, exit cap, construction cost, vacancy, and other critical performance variables.

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Investment Memos and Decks

Investment committee memos, executive summaries, and pitch deck financial pages formatted for institutional, private equity, and family office audiences.

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Recent Mandates

Selected Engagements.

A representative sample of recent advisory mandates across asset classes, geographies, and capital structures. Client identities withheld under standing confidentiality.

Development
$150M – $250M

Mixed use ground up development feasibility model with rental versus condo sellout scenario comparison and capital structure modelling.

United StatesQ4 2025
Fund Structure
Open Ended Fund

Evergreen real estate fund model with NAV tracking, investor subscription and redemption mechanics, and quarterly distribution schedules.

US LP BaseQ1 2026
Industrial
$100M – $200M

Ground up industrial and logistics development feasibility with construction draw schedule, lease up modelling, and stabilised exit analysis.

United StatesQ3 2025
Multifamily
$50M – $100M

Multifamily residential acquisition underwriting with agency debt sizing, rent roll analysis, and IC ready returns summary.

Sun Belt USAQ2 2026
Alternative
$75M – $125M

Manufactured home park acquisition and hold model with full LP GP equity waterfall, preferred return, and promoted interest tiers.

United StatesQ1 2026
Infrastructure
DBFMOT

Public Private Partnership financial model under Design Build Finance Maintain Operate Transfer structure with concession period cash flows.

Global MandateQ4 2025
Insights and Research

The Firm's Latest Thinking.

Quarterly research, market commentary, and technical primers from the BrickVests team. Built for decision makers allocating capital across real estate.

Market Commentary

Construction Cost Sensitivity in Sun Belt Development

How an 8 to 12 percent swing in hard costs reshapes development margins across four representative US markets.

9 min read·April 2026
Technical Primer

Equity Waterfall Structures: A Primer for LP Investors

Preferred returns, catch up provisions, and promoted interest tiers. What sophisticated LPs negotiate and why.

14 min read·March 2026
The Firm

An Independent Advisory Firm Built Around Real Estate Capital.

BrickVests specialises in transaction grade financial modelling, underwriting, and capital structuring. The firm partners with private equity sponsors, developers, fund managers, family offices, and senior lenders, with a core focus on the United States and global delivery capability.

Every mandate is led by senior modellers with deep transactional experience. The firm operates on one principle. Every model must be defensible to an investment committee, a lender credit team, and a sophisticated limited partner.

About the Firm
$250M
Largest single mandate
Mixed use ground up development
100+
Mandates delivered
Across asset classes
USA
Core market focus
With global delivery capability
70%
Client retention rate
Repeat engagement standard
Sector Coverage

Across the Real Estate Universe.

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Engagement Process

From Briefing to Delivery.

A structured four stage process designed for institutional clients who expect clarity, discipline, and accountability at every step.

01

Briefing and Scope

Discovery call to define asset type, capital structure, reporting requirements, and engagement timeline.

02

Proposal and Mandate

Engagement letter, fixed fee proposal, NDA execution, and confirmation of deliverables.

03

Model Build

Senior modeller led construction with mid build review checkpoint to validate assumptions and structure.

04

Delivery and Handover

Final model delivered with walkthrough session, documentation, and ongoing revision support.

Considering an acquisition, structuring a fund, or preparing a capital raise?

Speak with a senior member of the firm. All correspondence handled with strict confidentiality.

Book a Confidential Call