Our History
Walter L. Barrett founded Barrett Realty, Inc. in 1935 as a full-service real estate firm in Indianapolis, Indiana. The company initially focused on small subdivisions and single-family homes, eventually leading to the construction and operation of Willowbrook Apartments in 1948. This 48-unit apartment complex provided valuable experience and training for Walter’s three sons: Denny, Dale, and Rex. The family-operated business saw the boys spending summers on maintenance, landscaping, painting, and preparing units, while Walter’s wife, Mary, managed the bookkeeping, accounting, and leasing.
Walter’s untimely passing in 1966 halted the company’s expansion plans, leaving his sons with a legacy of hard work and entrepreneurial spirit. Mary and her sons continued to own and operate the original apartments until the early 1970s when the apartments were sold, and Mary retired.​
In 1975, Denny Barrett and his college roommate Randy Stokely incorporated Barrett & Stokely (B&S). Rex Barrett joined the firm six months later, followed closely by brother Dale. Initially a third-party management company, B&S expanded into managing, acquiring and rehabbing properties. By 1994, the principals of B&S had formed individual family investment entities, giving each family the flexibility to pursue specific investment interests in real estate and other areas.
In 1994, Rex Barrett and his three children—Alex, Zach, and Nick—reestablished Barrett Realty, Inc. (BRI), honoring Walter's legacy while embracing innovation and adaptation in the real estate market. BRI's investment interests over the years have been closely related to Walter's vision of developing and owning multifamily properties.
BRI's history reflects a commitment to community and resilience, continuing to uphold the core values instilled by Walter.
30+
Years in Business
10+
Cities
5000+
Units
25+
Projects
Our Founder
Walter Barrett stands proudly at a banquet honoring his remarkable achievements. Walter's dedication and leadership led to the creation of the Chrysler Irvington Little League on the East Side of Indianapolis. He not only raised the necessary funds but also personally oversaw the construction of the fields, dugouts, and concession stand. His commitment to community and youth sports is his most enduring legacy. This event captures a significant moment in Walter's story, celebrating his foundational role and lasting impact on the community.
Our Community
At BRI, we believe that real estate is not just about buildings and properties; it’s about people and communities. We are deeply committed to giving back to the communities we serve. Our team actively participates in local initiatives, supporting educational programs, environmental sustainability efforts, and various charitable organizations. By investing in community development projects and partnering with local leaders, we strive to make a positive impact and foster a sense of belonging and unity. Our dedication to community involvement is reflected in our continuous efforts to improve the quality of life for our residents and neighbors.
Our Culture
At BRI, we’re more than a company; we’re a supportive family built on trust and collaboration. We nurture an environment where every team member can thrive both professionally and personally. We encourage innovation and support entrepreneurial spirit within our team. We believe in limitless growth potential and empower our members to achieve their goals. At BRI all members’ ideas are heard, and contributions are valued.
