Brickstone Partners CEO Daniel Otis Consolidates Ownership Of The Lodge At Boulder

Brickstone Partners announced that CEO Daniel Otis has acquired complete ownership and control of The Lodge at Boulder, a luxury 220-unit, 371-bed student housing community located at 2900 E. Aurora Avenue in Boulder, Colorado, serving the University of Colorado Boulder. Cornerstone, Otis' family office, played an instrumental role in acquiring the membership interest previously held by Deutsche Finance America.

"The Lodge has been a mainstay of our student housing platform in Boulder for many years, and we remain committed to providing exceptional living experiences for the University of Colorado students," Otis said. "Completing this transaction allows us to continue investing in both the asset and the entire community with a long-term perspective."

The transaction consolidates ownership and aligns lasting control of the asset with Brickstone's operations. It follows the 2022 refinancing of a broader Boulder student housing portfolio, including The Lodge at Boulder, with financing co-originated by Blackstone Real Estate and Clarion Partners in a portfolio recapitalization valued at more than $180 million.

Since acquiring the property in 2015, Brickstone and Otis have overseen value creation at the community. The investment was recapitalized in 2019 through a joint venture between Brickstone and Deutsche Finance America and later included in the 2022 portfolio refinancing. At the time of the 2019 recapitalization these assets had generated internal rates of return in excess of 30 percent.

The Lodge has undergone extensive renovations including upgraded unit interiors, a redesigned clubhouse, enhanced common areas and mechanical system improvements. Its proximity to campus and amenity set remain central to its market position as a student housing option in Boulder.

For owners and operators in multifamily and student housing markets, this transaction underscores the role of ownership structure in enabling long-term capital planning and operational alignment. Brickstone’s move to consolidate control illustrates a common strategy for sponsors focused on sustained asset investment and community engagement.