Broe Adds Real Estate Veteran in Denver to Acquire $100 Million Worth of Properties.Business Editors DENVER--(BUSINESS WIRE)--April 15, 2003 The Broe Companies has hired real estate veteran Hank Brumley as Acquisition Director of its Denver office. Mr. Brumley will focus on real estate acquisition activities in the Rocky Mountain Region The Rocky Mountain Region is a floristic region within the Holarctic Kingdom in western North America (Canada and the United States) delineated by Armen Takhtajan and Robert F. Thorne. , with an emphasis on Denver, as well as sourcing investment opportunities nationwide. Mr. Brumley is leading the effort to actively acquire more than $100 million worth of investment opportunities in Denver and the Rocky Mountain region within the next 18 to 24 months. 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 started in Denver and has a tremendous reputation in this marketplace and nationwide," said Hank Brumley, Acquisition Director for Broe in Denver. "I will be aggressively driving to expand the company's investments in the Rocky Mountain region. By using our own capital and having a strong cash position, we can react very quickly when an opportunity presents itself." The Company purchases fee and leasehold commercial real estate, performing and non-performing loans A non-performing loan is a loan that is in default or close to being in default. Many loans become non-performing after being in default for 3 months, but this can depend on the contract terms. , workouts, foreclosures and underperforming situations. It buys general partnerships and limited partnerships, makes mezzanine loans and essentially finds creative ways to enter investments. Broe works with 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 in Canada, and others. Mr. Brumley joins Broe as Acquisition Director for Denver from Fleisher Smyth Company, where Mr. Brumley served as Vice President of Acquisitions and Development for five years, covering Metro Denver. Mr. Brumley has been involved in over $400 million worth of acquisitions, financing, and sales during his 20-year commercial real estate career. Hank's formal education is a B.S in Business and an M.S. of Finance from The University of Colorado University of Colorado may refer to:
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 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. 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion