Brinkman Real Estate has completed the sale of Sundance Plaza, a 66,000-square-foot retail development in Steamboat Springs, Colorado. The closing, which took place on August 29, 2025, marks an important step in the firm’s strategy to scale its multifamily investment portfolio across the Intermountain West.

A Legacy Asset in Steamboat Springs Commercial Real Estate

Built in 1980 and renovated in 2003, Sundance Plaza has long served as a community hub for Steamboat Springs commercial real estate, offering shopping, dining, and essential services to both locals and tourists. Its central location in one of Colorado’s most desirable mountain resort towns ensured strong and consistent performance over the years.

Brinkman Real Estate, alongside co-GP Paul Brinkman, acquired Sundance Plaza in July 2019. During the firm’s ownership, the property maintained high occupancy and a balanced tenant mix, providing steady returns to investors while navigating shifts in the retail sector.

Supporting a Multifamily-Focused Portfolio

The sale of Sundance Plaza aligns with Brinkman’s strategic pivot toward multifamily real estate investments in high-growth, supply-constrained markets throughout the Intermountain West. By divesting from legacy retail assets, the firm is sharpening its focus on markets with long-term rental demand driven by population growth, employment expansion, and limited new housing supply.

“This disposition represents more than the sale of a high-performing retail asset — it reflects the evolution of our portfolio and our commitment to markets where we see long-term multifamily demand,” said Kevin Brinkman, Founder and CEO of Brinkman Real Estate. “Sundance was a strong and steady performer for our investors, and the timing of this sale allows us to redeploy capital into value-add and core-plus multifamily communities in high-growth, supply-constrained markets.”

Proven Track Record for Multifamily Investors

With more than $815 million in total transaction volume and more than $550 million in assets under management, Brinkman Real Estate has built a reputation for disciplined execution and investor-focused results. Operating across 23 markets in seven states, the firm continues to expand its multifamily portfolio, offering investors access to resilient housing markets across the Intermountain West.

The sale of Sundance Plaza underscores Brinkman’s commitment to optimizing its portfolio while scaling its multifamily platform in regions where demand for rental housing continues to outpace supply.

Jon Hendrickson of Cushman & Wakefield represented Brinkman Real Estate in the transaction.

 Sundance Plaza Quick Facts

• Location: Steamboat Springs, Colorado
• Type: Retail Development
• Size: 66,196 square feet
• Year Built: 1980
• Year Renovated: 2003
• Acquisition Date: July 2019
• Closing Date: August 29, 2025
• Seller: Brinkman Real Estate and co-GP Paul Brinkman
• Broker: Jon Hendrickson, Cushman & Wakefield
• Notable: Legacy asset sale supports shift toward multifamily-focused portfolio

Contact us today to discuss opportunities for multifamily investors >>