Broe Adds Real Estate Veteran in Chicago to Acquire $100 Million Worth of Properties.Business Editors CHICAGO--(BUSINESS WIRE)--April 15, 2003 The Broe Companies has hired real estate veteran John Butler John Butler may be:
Broe currently owns office, industrial, retail and residential properties and senior retirement communities in Denver, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Chicago, Dallas, Houston, Cleveland, Cincinnati, Ft. Lauderdale, Jacksonville, Richmond, the Omaha/Lincoln area, and three Canadian provinces Noun 1. Canadian province - Canada is divided into 12 provinces for administrative purposes province, state - the territory occupied by one of the constituent administrative districts of a nation; "his state is in the deep south" . "Broe's speed, liquidity and creativity give us a tremendous advantage in acquiring interesting investment opportunities," said John Butler, Managing Director for Broe in Chicago. "My focus is expanding the company's investments in Chicago and nationwide. We are currently targeting the major and secondary markets across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ." The Company purchases fee and leasehold commercial real estate, performing and non-performing loans, workouts, foreclosures, and underperforming situations. It buys general partnerships and limited partnerships, makes mezzanine loans and essentially finds creative ways to enter its investments. We work with the major financial institutions like GE, GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance , Fidelity Real Estate Group, The Crown Investment Corporation, and others. Mr. Butler joins Broe from Crescent Heights where he was the Acquisitions Manager, Midwest Region. Mr. Butler has been involved in more than $300 million worth of acquisitions, financing, and sales during his commercial real estate career. Butler was previously with Brijus Properties and General Growth Properties General Growth Properties (NYSE: GGP) is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois. History The company was founded by two brothers, Martin and Matthew Bucksbaum, in 1954. in Chicago. Mr. Butler received a B.S. from Marquette University Marquette University at Milwaukee, Wis.; Jesuit; coeducational; chartered 1864, opened 1881. The school achieved university status in 1907. Among its graduate programs are those in business, engineering, and law. and holds a real estate license in Illinois. About Broe The Broe Companies, Inc., based in Denver, Colorado, invests in all types of commercial real estate. Broe currently owns office, residential, retail, and industrial properties throughout the United States and Canada. Broe also provides property management, leasing, and asset-management services to owners and lenders. Broe buys companies and makes investments in companies, corporate debt, and bankruptcy situations through Broe Growth Capital; it invests in the transportation sector and associated businesses through its OmniTRAX affiliate, the largest privately owned railroad company in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ; it operates in the medical-device field through McKinley Medical, designer of one of the world's leading pain-management pumps; it invests in the energy sector through PrairieSun Energy; and it owns and operates retirement communities through Aspen Retirement Corporation. Broe is aggressively seeking new business opportunities. For more information, please visit our web site at: www.broe.com. |
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