Jeff Sullivan to Head Broe Real Estate Group's San Francisco Office

DENVER--(BUSINESS WIRE)--

Broe Real Estate Group (BREG), a leading investment manager of commercial real estate assets affiliated with The Broe Group, has announced that Jeff Sullivan has joined the firm as a Vice President, and will head the company's San Francisco office. He will be responsible for the acquisition and operation of multifamily assets throughout the Western United States. Mr. Sullivan is also a member of the Management Committee of BREG.

"I am pleased to welcome Jeff to the Broe Real Estate Group management team, as he brings significant investment and management experience, most recently overseeing a $3.4 billion portfolio of multifamily and mixed-use assets in the San Francisco Bay Area," said Doug Wells, CEO of Broe Real Estate Group. We believe that Jeff will further enhance the strength of the management team, as we seek to continue to grow our business."

Prior to joining Broe, Mr. Sullivan was an Investment Officer and Assistant Vice President of Investments for Equity Residential EQR, a publicly traded REIT focused on the acquisition, development, and management of high quality multifamily assets. He was previously a Director of Acquisitions and has acquired in excess of $2.6B of mixed-use and multifamily assets throughout New York, Washington DC, San Francisco Bay Area, and Boston. During his tenure at EQR Mr. Sullivan was also responsible for the underwriting and due diligence of $5.6B of EQR's $9B acquisition of Archstone-Smith from Lehman Brothers. He has previously held positions with JPI Partners and Jones Lang LaSalle.

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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