Peter Albro joins Broe Real Estate Group as a Vice President
Denver, CO (July 26, 2016) – Broe Real Estate Group (BREG), a leading investment manager of commercial real estate assets affiliated with The Broe Group, has announced that Peter Albro has joined the firm as a Vice President. In his new position, he will be responsible for the oversight of a portfolio of existing real estate investments and exploring growth opportunities. He will also join the Management Committee of BREG.
“I am pleased to welcome Peter to the Broe Real Estate Group management team, he brings significant institutional investment management experience having worked with both a large instutional investor and a third party investment management firm,” said Doug Wells, CEO of Broe Real Estate Group. We believe that Peter will further enhance the strength of the management team, as we seek to continue to grow our business.”
Prior to joining Broe, Albro was a Vice President of Acquisitions and Portfolio Management for Penwood Real Estate Investment Management in Hartford, CT. He was a key member of the acquisitions team, with a focus on value-add investments in New Jersey and Southern California. Albro has also previously worked for Cigna Realty Advisors in Hartford as Vice President of Acquisitions where he closed 12 joint venture equity investments totaling $1.1 billion in gross asset value and 11 debt investments totaling $303 million, among many other notable achievements. He has also held positions with Starwood Capital Group and Vail Resorts Management Company.
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.