Milestones

Milestones /

40 Years of Innovation

Since 1972, Broe Real Estate Group has grown by recognizing opportunity and acting decisively to create value when the time is right. Over four decades of generating above-market returns, Broe Real Estate Group has owned and managed a multi-billion commercial real estate portfolio and has completed real estate transactions in every major market sector.

The timeline below reflects a few key moments of that journey, of seeing value that others miss, and working to make it real.

  • Country Club Towers II & III

    With housing demands at peak, Broe begins development of two 32-story apartment towers housing 552 units in Denver’s Cherry Creek neighborhood.

  • 1700 Broadway

    After substantial upgrades and near-capacity leases, Broe sells the revitalized Denver icon for nearly three times the purchase price.

  • Debt Acquisition

    Broe acquires $500 million (face value) of distressed loans directly from two publicly traded banks for $200 million.

  • Aspen Retirement Communities

    After years of continued growth, acquiring and improving over 1700 units, Broe sells the assisted-living portfolio at over 80% IRR.

  • Great Western Ranch

    Broe purchases the 290,000-acre Hubbell Ranch in New Mexico, becoming one of the top 25 land owners in the United States.

  • Great Western Oil & Gas

    Broe diversifies into the oil and gas industry by drilling 150 oil- and gas-producing wells as the basis for Great Western Oil & Gas, now among Colorado’s top 10  oil-producing companies.

  • 1700 Broadway

    Broe purchases the iconic but dated Mile High Center.

  • InSite Medical Properties

    Broe purchases InSite Medical Properties to own & operate medical properties across North America. The Broe/InSite partnership would go on to acquire 3+ million square feet of medical office.

  • Great Western Industrial Park

    Envisioning an industrial renaissance, Broe creates a 1,600 acre, rail-served industrial park. The GWIP is the first of its kind in Colorado.

  • Country Club Towers II & III

    Broe gains city approval for two 30-story apartment towers in Cherry Creek. Actual development begins 13 years later, at optimal market conditions.

  • Union Station

    Broe sells Denver’s Union Station and 19.5 acres of surrounding land to the Regional Transportation District. Union Station was the centerpiece of a $1 billion redevelopment in lower downtown Denver.

  • Aspen Retirement Communities

    Seeing optimal market conditions, Broe begins acquiring assisted-living communities at discount, and creating value through professional operations and enhanced services.

  • The Great Western Development

    Among the assets Broe purchases as part of a bankrupt industrial estate is a small railroad in northern Colorado. This is the first of many railroad acquisitions that have become OmniTRAX, the second largest privately held railroad company in North America.

  • Country Club Gardens and Towers I

    Broe develops apartment tower at its historic Country Club Gardens, maintaining the Gardens’ character, and extending it skyward.

  • The Tabor Center

    Broe orchestrates development of Denver’s Tabor Center, a 700,000sf Class AA mixed-use project.

  • Eagle-Vail

    Broe undertakes a successful land assemblage operation in West Vail, Colorado, today known as Eagle-Vail.

  • Day One

    Pat Broe launches The Broe Group as a small asset-management firm acquiring residential and small commercial properties in metro Denver.