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Broe Real Estate Group Updates Leadership Team for Growth – WDRB 41 Louisville News

Broe Real Estate Group Updates Leadership Team for Growth – WDRB 41 Louisville News DENVER –(BUSINESS WIRE) Broe Real Estate Group, an affiliate…

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Country Club Towers & Gardens Receives Tributes Award From Apartment Association of Metro Denver

Denver: Country Club Towers & Gardens, a development managed by Broe Real Estate Group, a leading investor and manager of commercial real estate assets affiliated with The Broe Group, has earned a Tributes Award from the Apartment Association of Metro Denver. The honor, for Most Outstanding Model Home, was given on November 9, 2015 at a gala event known as the “Academy Awards” of multi-family housing.

“We’re thrilled to receive this commendation from the AAMD for Country Club Towers & Gardens. Our Regional Property Manager, Eric Ray and his team are constantly striving to improve our multi-family operating platform and it’s great to see their hard work honored,” said Doug Wells, Chief Executive Officer at Broe Real Estate.

Country Club Towers & Gardens was selected from more than 450 nominations in 47 award categories that recognize excellence in the apartment industry. The Country Club Towers and Gardens development consists of 308 units, including 125 historic Gardens apartments and the 20-story, 183-unit Towers building. All apartments in the Towers along with a majority of the common areas have recently been renovated.

About Broe Real Estate Group
Broe Real Estate Group acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. For more than 40 years, the company has operated a comprehensive real estate platform to provide complete solutions to maximize return on investment. Additional information is available at www.broerealestate.com.

About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

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Office Park Gets $51 Million Infusion

…new single-purpose entity controlled by the selected equity source. Broe Real Estate Group was selected to provide $10 million in equity capital,

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Broe Closes Second Transaction in its Equity Solutions Program; Recapitalizes Parkway Corporate Plaza in Roseville, CA

Broe’s Equity Solutions Program provides capital for constrained real estate ventures

Denver: Broe Real Estate Group (“Broe”), a leading investor and manager of commercial real estate assets across the United States affiliated with The Broe Group, has acquired through a managed affiliate a controlling interest in Parkway Corporate Plaza near Sacramento as part of a recapitalization transaction.

This transaction is part of Broe’s Equity Solution Program designed for capital constrained ventures, which has now completed two transactions with a gross value of more than $75 million.  This Program was launched in 2015 to provide capital to troubled real estate ventures such as Tenant-In-Common (“TIC”) and other limited partnerships that require both capital and sponsorship to recapitalize and reposition the underlying real estate assets. Broe has earmarked at least $100 million of equity for the program, as well as sponsorship to facilitate financing, thereby creating $300-400 million of leveraged buying power.

“This transaction demonstrates the scale, capabilities and financial resources of The Broe Group and its managed affiliates, a multi-billion dollar asset-backed group that has a successful track record of operating and delivering solid returns,” said Claude Pumilia, COO and CFO of The Broe Group. “We are ready and able to find and close transactions that add to our already considerable real estate, transportation and energy growth businesses, as well as other venture investments.”

“As an experienced owner and operator of real estate assets, Broe and its affiliates are well equipped to handle both the complex nature of the recapitalization transaction and the implementation of the required repositioning strategies,” said Doug Wells, Chief Executive Officer at Broe Real Estate. ”We continue to actively pursue opportunities to participate in the recapitalization of TICs and other capital constrained ventures.”

Broe worked with Bluett & Associates, a Sacramento based commercial real estate services firm, who had been advising the TIC owners prior to the sale to facilitate the transaction, and who invested in a minority position in the transaction.

“This was a very complicated transaction with multiple stakeholders involved. Broe’s ability to navigate the TIC space and interact with special servicers was paramount, and is a true testament to Broe’s ability and solution oriented approach,” said Lori Bluett, Principal/Owner of Bluett & Associates.

Bluett & Associates has also been engaged to be the new property manager. Chris Lemmon, Senior Managing Director of Newmark Cornish & Carey, is the new landlord leasing representative.

Parkway Corporate Plaza is a 288,000 sf, institutional quality office park completed in 2001. The property is located at 1620-1680 E. Roseville Parkway in Roseville, CA, and is currently 85% leased to a number of blue-chip national and regional tenants including Kaiser Permanente, Sutter Health, Wells Fargo, California Department of Social Services and Act-On.

“Parkway Corporate Plaza is a great property in an established suburban office market, which combined with its credit tenant rent-roll represents an ideal investment for Broe,” said Jim Crawford, Vice President of Acquisitions at Broe Real Estate.

Broe is actively seeking new investment opportunities for its Equity Solutions Program. Principals with an asset that is in need of recapitalization should contact Jim Crawford, Vice President – Acquisitions at 303-398-0515 or jcrawford@broe.com.

Note to Editors: Photos of Parkway Corporate Plaza are available.

About Broe Real Estate Group

Broe Real Estate Group acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. For more than 40 years, the company has operated a comprehensive real estate platform to provide complete solutions to maximize return on investment. Additional information is available at www.broerealestate.com.

About The Broe Group

The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

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Broe Closes Second Transaction in Its Equity Solutions Program; Recapitalizes Parkway Corporate Plaza in Roseville, CA

…Program; Recapitalizes Parkway Corporate Plaza in Roseville, CA Broe s Equity Solutions Program provides capital for constrained real estate

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Rockville’s Shady Grove Medical Pavilion Adds Fourth Tenant in 2015

Rockville s Shady Grove Medical Pavilion Adds Fourth Tenant in 2015 Broe Real Estate Group, an affiliate of The Broe Group, has added another…

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Shady Grove Fertility Leases 50,000 Sq Ft At Shady Grove Medical Pavilion In Rockville, Md

Shady Grove Medical Pavilion now nearly 70% leased

DENVER: Broe Real Estate Group (“Broe”), an affiliate of The Broe Group, has announced a 15-year lease with Shady Grove Fertility for 50,000 square feet at the Shady Grove Medical Pavilion in Rockville, MD. Located at 9601 Blackwell Road, the 122,000 square foot Class A building is situated in the heart of the Shady Grove Life Sciences Center and within walking distance of both the Shady Grove Adventist Hospital and Johns Hopkins’ Montgomery County campus.

“We are excited to continue to offer our patients world class premier fertility services in an expanded state of the art facility in Rockville. Working with Broe Real Estate Group has been a wonderful experience and we look forward to a long successful relationship with them,” said Mark Segal, CEO, Shady Grove Fertility.

Shady Grove Fertility is the fourth medical group to commit to the property this year, joining Shady Grove Orthopedics, Adventist Healthcare (radiology center) and Schreiber Allergy. Since acquiring the asset in August 2014, Broe has leased more than 70,000 square feet and increased the percentage of the property leased from 10% to 68%.  Broe is actively marketing the remaining 48,000 square feet of available space exclusively to medical service providers.

“Attracting another prestigious medical provider like Shady Grove Fertility represents a major step forward in our efforts to establish Shady Grove Medical Pavilion as the premier medical office facility in Rockville.  Both tenant and landlord have made a significant commitment to this property and we look forward to providing a first class facility and real estate services over the next several years” said Brian Cornell, Vice President at Broe Real Estate Group.

Nicholas Zuppas of Gittleson Zuppas represented the tenant in the transaction and Chuck Feitel and Leonard Brown of HPRG represented the landlord.  More information about Shady Grove Medical Pavilion can be found at www.shadygrovemedical.com.

Note to Editors: Photos of Shady Grove Medical Pavilion are available.

About Broe Real Estate Group

Broe Real Estate Group acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. For more than 40 years, the company has operated a comprehensive real estate platform to provide complete solutions to maximize return on investment. Additional information is available at www.broerealestate.com.

About The Broe Group

The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion asset base.  The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

About Shady Grove Fertility

Shady Grove Fertility is a leading fertility and IVF center of excellence offering patients individualized care, innovative financial options, and pregnancy rates among the top 5 percent of all national centers. Since 1991, more than 37,000 babies have been born to patients from all 50 states and over 35 countries around the world. Shady Grove Fertility physicians actively train residents and reproductive endocrine fellows and invest in continuous clinical research and education to advance the field of reproductive medicine through numerous academic appointments and partnerships with Georgetown Medical School, Walter Reed, and the National Institutes of Health.  Today, 32 reproductive endocrinologists, PhD scientists, geneticists, and more than 600 highly specialized Shady Grove Fertility staff care for patients in 18 full-service offices, and four satellite sites throughout Pennsylvania, Maryland, Virginia, and Washington, DC. For more information, call 1-888-761-1967 or visit www.ShadyGroveFertility.com

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Shady Grove Fertility Leases 50,000 Sq Ft at Shady Grove Medical Pavilion in Rockville, MD

…Fertility Leases 50,000 Sq Ft at Shady Grove Medical Pavilion in Rockville, MD Broe Real Estate Group (“Broe“), an affiliate of The Broe Group,

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“Shop local” group aims to promote Woodridge

…2012, however, the new owners of the Main Street development, the Broe Group and Starwood Capital Group, hired company Alter 360 to market more development…

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Broe Real Estate Group Breaks Ground on Country Club Towers II

Denver Mayor, Councilman and business leaders speak at ceremony
Construction project to employ 1,000 workers, provide workforce training

Denver – Broe Real Estate Group, an affiliate of The Broe Group, has started construction on a major, residential apartment building project that will employ up to 1,000 construction workers and provide high-quality housing with innovative design in a supply-constrained market. Denver’s newest landmark apartment building, the twin 31-story Country Club Towers II, will be located in the West Wash Park neighborhood near the intersection of South Downing Street and East Bayaud Avenue. The first units will be available to renters in mid-2017.

A groundbreaking ceremony held today featured Denver Mayor Michael Hancock, Councilman Chris Nevitt, Sean Broe representing The Broe Group, Doug Wells and Carl Luppens of Broe Real Estate Group, Gary Rafferty of Swinerton Builders and Michael Gifford of the Associated General Contractors of Colorado. The speakers praised the project and the job training that is to be provided by Swinerton and Associated General Contractors of Colorado.

“We are delighted that the Country Club Towers II project will benefit the local economy by training and developing the next generation of Denver’s workforce, helping to fill the construction industry’s continuing need for a skilled workforce, : said Mayor Hancock.

“The Broe family and The Broe Real Estate Group are making a significant investment to develop Country Club Towers II, and are showing our long-term commitment to Denver by offering residents high-quality homes in an attractive urban setting,” said Sean Broe.  “The development, which will include ample parking and plenty of green space, is a striking enhancement to the existing property and the highly desirable Denver community of West Wash Park. People want to live near downtown Denver, and we are pleased to be able to provide state-of-the-art, energy-efficient residences that are close to where they work and play.”

Country Club Towers II will offer 552 apartments and 1,005 structured parking spaces, which is double the zoning requirements. Each apartment will have floor-to-ceiling, energy-efficient bay windows offering panoramic views, granite surfaces, stainless steel appliances, and in-unit washers/dryers. Amenities include a lap pool with 26,000-square-foot deck, fitness center, yoga rooms, bike repair station, multiple outdoor patios and an indoor common kitchen and clubhouse. Additionally, the existing apartments in the Country Club Gardens and Towers are being renovated as part of the project.

“Country Club Towers II represents a new strategic focus for Broe Real Estate Group to develop high-quality, state-of-the-art residential rental housing in supply-constrained urban markets in the U.S. Country Club Towers II is the first of several projects Broe Real Estate Group expects to undertake over the next several years,” said Doug Wells, CEO of Broe Real Estate Group.

Considerable infrastructure work supporting this project and benefitting the local community has already been completed including replacement of 100-year-old water lines for residences along Downing and Ogden streets.  In addition, plans call for installation of a signal at Downing and Bayaud streets to address existing traffic challenges. In addition, several acres of the development have been left in a park-like open space condition to ensure the property retains its existing character.

In addition to the benefit of 1,000 new construction jobs for the project, general contractor Swinerton Builders is providing training, including employing college interns on the project for the summer, which will help prepare these future professionals for the rigors of the commercial construction industry.

The architect for Country Club Towers II is Solomon Cordwell Buenz of Chicago. Led by Swinerton, the balance of the team is locally based, and includes RK Mechanical, Weifield Group, S.A. Miro, Kimley Horn and StudioInsite. The project was approved by the Denver City Council more than 12 years ago and is consistent with zoning that has been in place for more than 50 years. Broe Real Estate Group is working with the Landmark Preservation Commission and other partners and stakeholders to ensure the best possible project for the city, the neighborhood and residents.

About Broe Real Estate Group
Broe Real Estate Group acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. For more than 40 years, the company has operated a comprehensive real estate platform to provide complete solutions to maximize return on investment. Additional information is available atwww.broerealestate.com.

About The Broe Group

The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion asset base.  The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

About Swinerton Builders
Swinerton Builders has been providing general contracting, construction management and tenant improvement services in Colorado since 1942. Organized in 1888, Swinerton provides commercial construction and construction management services throughout the Western United States and is a 100 percent employee-owned company.  Recognized as a Top 100 Workplace of 2015 by The Denver Post, Swinerton is devoted to Colorado with a passion for delivering the highest quality product through innovation, integrity, and experience. For more information onSwinerton, visit www.swinerton.com.

About SCB
Solomon Cordwell Buenz (SCB) is recognized as one of the nation’s leading designers of high-rise residential buildings, bringing a balanced understanding of high-level design, technical innovation, sustainability and strict adherence to project budgets. Over the years we have completed design and construction of more 105 high-rise multifamily residences, have won many of the industry’s highest honors, and pioneer LEED design in the United States. Since its founding, SCB has been at the forefront of high-density, multifamily apartment design. For more information on Solomon Cordwell Buenz, visit www.scb.com.