Thomas Brophy | Colliers International | Phoenix

Thomas Brophy

Research Director

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About

Professional Summary

As national director of multifamily research & analytics for the Cooke Multifamily Team with Colliers International, I am responsible for the aggregation, management and analysis of all market, and related, data sets.

I am committed to providing market-leading research services through the systematic deployment of custom, purpose-built software and analytic platforms for the creation of qualitative, not just quantitative, analysis.

In addition to publishing quarterly statistical reports for each market in which our clients operate, I maintain a database of both publicly available, and in-house built, leading economic/real estate indicators to provide forecasts and analyze and interpret real estate trends as they happen.

I also produce customized research reports on behalf of the team and clients, prepare market presentations and develop ad hoc research projects in support of business development.

My ethos: question different; for it is in asking better, more salient, questions that true market knowledge, and understanding is found. I am reminded of the words of T.S. Eliot who stated, “Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in information?”

In our new era of big data, we have reached peak data overload. Knowledge is a derivative of information; wisdom, knowledge’s ultimate abstract, can only be gained when tethered to, and guided by, past experience.

Data without context is like a light without a bulb, a market without a narrative or an explanation without a common reference point. Data is but a guide to asking better questions; better questions lead to greater understanding, which, if deployed effectively and purposely, lead to better results.

The Cooke Multifamily Team focuses on institutional and private equity assets, ranging from core plus to workforce housing across the United States. Our team includes Cindy Cooke, Brad Cooke, Matt Roach, Chris Roach, Teresa Lowery, Ron Cameron, Nicholas Solo, Aimee Healy and Kellyanne Kennedy.

Previously, I served as research director for Colliers International in Arizona, managing the research department entrusted with all market data and analysis activities. My creative outlook significantly enhanced research services for clients and brokers. Collaborating with other service lines and professionals, our research team provided extensive data compilation, including ownership, zoning, land use, property sales and demographics, and developed reliable statistical information.

My extensive experience includes collecting, analyzing and preparing market and economic data and research, as well as expertise in corporate communications, investor relations, strategic planning, brand management and public speaking.

Prior to Colliers, I was director of research for ABI Multifamily, where I developed market reports and research data used in marketing materials for ABI offices in Phoenix, Tucson, Sacramento and San Diego. I oversaw all data collection and reporting, wrote monthly market insight articles, and developed market podcasts.

As director of research and partner for Neighborhood Ventures (a multifamily investment firm), I collected, analyzed and wrote market data reports for use in investor presentations, offering materials and corporate communications. As principal with EPU Investments, I directed business and research operations for a multi-divisional investment company involved in single- and multifamily development and land services, including farming and water rights assessments and acquisitions.

Serving as an affordable housing specialist at Hendricks & Partners (now Berkadia), I provided assistance, research and guidance in creating the affordable housing division, and assisted brokers and clients in the acquisition and disposition of assets across the U.S.

Accomplishments

  • 2019 - Member of the #2 Top Team, Colliers | Arizona

Education

  • Bachelor of Arts, History and Spanish, University of California

Memberships & Involvements

  • Arizona Economic Roundtable (AERT) - Member
  • Greater Phoenix Economic Council (GPEC) – Colliers' Designated Contact
  • Valley Partnership – Speaker
  • NAIOP, the Commercial Real Estate Development Association

Services

Service Lines
Research
Property Type
Multifamily

My Team

My Team

Featured Research
Jul 20, 2020
2020 Q2 Phoenix MSA Multifamily Review
Despite the expected, overall minimal contractions in quarter-over-quarter readings due to Covid, the Phoenix MSA continued to lead the nation in y/y rent growth, rising 5.4 percent to $1,233, nearly five times higher growth rate than the national average of 0.7 percent.
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Jul 6, 2020
2020 Q2 Greater Phoenix Office Market Report
The Greater Phoenix office market experienced a healthy second quarter. Sublease space increased 82% over-the-quarter. Net absorption remained positive for the 33rd consecutive quarter with 205,372 SF net absorption. Vacancy settled at 13.1%. Rental rates held strong with an average of $25.71 PSF.
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Apr 30, 2020
2020 Q1 Phoenix MSA Multifamily Review
Phoenix MSA led the nation in rent growth rising 8.1 percent y/y to $1,235. Occupancy rates continue to remain elevated at 95.1% despite decreasing 40bps over-the-year. Approx. 1,400 units came online over Q1. Given the current construction rate, 2020 should prove to be the highest delivery amount since 2009.
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Featured News
Sep 15, 2020
New York investor acquires Casa Grande multifamily property
New York-based Diamond Equity Partners purchased Acacia Lofts in Casa Grande, Arizona, for $4.91 million, from Praxis Capital, Inc, Santa Rosa, California. Chris Roach, Brad Cooke, John Finnegan and Matt Roach of Colliers in Arizona negotiated the sale.
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Feb 24, 2020
Bascom Arizona Ventures buys Dolce Villagio townhome community in Tempe
Bascom Arizona Ventures, LLC, purchased the Dolce Villagio rental townhome community at 202 S. Hardy Drive in Tempe, Arizona for $11.5 million, with plans to modernize and reposition the property. Chris Roach, Matt Roach and Brad Cooke with Colliers in Arizona negotiated the sale.
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Jan 24, 2020
Colliers International sells Union at Roosevelt to Chicago investor
Union @ Roosevelt, a recently developed mixed-use project in the Roosevelt Row district of downtown Phoenix, was sold to a Chicago-based investor for $27 million. Located at 888 N. 1st Avenue, features 80 luxury mid-rise apartments, with 9,100 SF of ground floor retail space and 28,000 SF of land.
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Dec 19, 2019
Brad Cooke named CEM 2019 Broker of the Year
Brad Cooke, executive vice president with Colliers International, was named Commercial Executive Magazine’s 2019 Broker of the Year. Brad talked with CEM about being a top multifamily broker in Phoenix and other national markets.
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