Adjacent Development Partners

Opportunistic real estate development firm based in Phoenix.

We believe rigor, beauty, and sustainability drive real estate value.

Our goal is to unlock that value and positively contribute to the built environment.

Approach

Risk

Adjacent approaches real estate investing with a long-term view, identifying economic, social, and geographic trends, then sourcing and executing real estate projects that are well-positioned to leverage those trends as tailwinds or to mitigate risk over time.  

Process

We approach building as a practice. Rigorous processes and continuous improvement lead to better execution and consistent results.

Partnership

We drive alpha by connecting the right capital, design, construction, and operations partners, then collaborating with them to build something greater than the sum of its parts. A diverse, interdisciplinary set of partners organized around a compelling investment thesis and design vision lead to differentiated projects that deliver differentiated returns.

6.2M SF

4,128 units

$1.6B of project costs

Includes executed & active projects, some at prior firms.

Built to Build

Adjacent was founded by Ben Brichta, who spent over a decade with notable real estate development firms, building large-scale, multi-use, and operationally-complex assets across the United States.

Benjamin Brichta Ben

  • Founder and Managing Partner

    Prior to Adjacent, Ben was a Partner at The X Company (X Co.) where he oversaw the development of 3,000 units of luxury new construction apartments in five markets across the country. Over ten years, Ben helped grow the company from a team of three people doing value-add apartment renovations in Chicago, to a team of 30, managing 15 active new construction projects and a $2B development pipeline.

    Prior to X Co., Ben was the Director of Development for Property Markets Group (PMG), a luxury residential real estate development company with offices in New York, Miami, and Chicago. PMG is known for building ambitious and architecturally significant projects including 111 W 57th Street in New York City, and the Waldorf Astoria in Miami, both of which either are or were the tallest residential buildings in their respective markets. Ben oversaw the multifamily development pipeline and successfully executed over $500M of projects in Chicago and South Florida.

    Born and raised in Chicago, IL, Ben graduated with honors from Trinity College in Hartford, CT and went on to receive a Master of Architecture with a concentration in Real Estate Development from Columbia University’s Graduate School of Architecture, Planning & Preservation in New York City.

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