Balfour was established in 2020 by Miles Bronstein and Brett Rosenthal, both former members of Silverstein Properties' development and acquisitions team. Prior to Balfour, both partners have collectively invested in over $2.6bn of real estate across varying asset classes. 

Balfour’s story began with a thesis on Bayonne, NJ and with the backing of a NY family office aggregated nearly 100 units in the market. Balfour targeted mismanaged assets with significantly below market rents and successfully increased NOI by 50% across the portfolio over a 2-year period. The team built its own property management and construction management platforms to oversee the assets and renovation programs. The principals developed hands-on experience not just acquiring assets but also managing and effectuating its business plans. Today, Balfour still self-manages its NJ portfolio. 

In 2022, Balfour began to explore markets out-of-state specifically focusing on the Midwest. The firm leveraged a data-driven approach to selecting markets with a criteria focused on but not limited to a combination of sales liquidity, affordability, population growth, wage growth, and job growth. We used these data points to identify affordable MSAs that have significant positive tailwinds. In August 2022, Balfour acquired its first out-of-state asset, Antioch Crossing, a 90-unit value-add opportunity in Overland Park, KS. 

Balfour seeks to opportunistically acquire value-add and core-plus multifamily assets in established and emerging US markets. At Balfour, we combine our partners' institutional approach to investing with hands-on active experience in operating and improving multifamily assets. We are committed to providing personalized, high-quality service to our investors to help them achieve their investment goals.