Broe Greater than the sum ® About Investments Real Estate Infrastructure Transport Energy Newsroom Contact Real Estate / “We try to see further than today’s use. We’re always asking, ‘How can we add value to what exists today?” Doug Wells, CEO, Broe Real Estate Group. Broe Real Estate Group and its affiliates own and manage a multi-billion dollar commercial real estate portfolio spanning North America. The portfolio includes investments in the office, multifamily, industrial, retail, and land sectors. Broe Real Estate Group’s managed investments are thoroughly underwritten and have a specific business plan, which is focused on asset stabilization and cash flow growth with a well-defined exit strategy. And it’s been that way for four decades. Broe’s legacy is real estate investment: consistently creating value by spotting trends ahead of the curve, making risk-aware investments at the right time, and then developing and executing on business plans designed to enhance value and generate attractive risk-adjusted investment returns. Broe’s fully-integrated operating platform includes acquisitions, construction management, asset management, leasing, property management and investment partnership capabilities. One of the strengths of Broe Real Estate Group is the ability to recognize and capitalize on value-added opportunities in the commercial real estate space across multiple property sectors in every phase of the real estate investment cycle. Learn much more at broerealestate.com > Case Studies RENOVATION close 2013: Mile High Center at 1700 Broadway Property Development at its Best Denver’s first high-rise, the 23-story Mile High Center at 1700 Broadway, showed its age. In 2004 the fifty-year-old building was only 80% leased, and suffering along with the rest of the market. Yet the I.M.Pei building and its iconic quarter-round atrium roofs still held promise. $34 million worth of promise. A beautification campaign starting the day of closing, with widespread lighting and landscaping upgrades. Aggressive pursuit of leasing, based on keen market awareness. Paying to build a Starbucks in the lobby, despite the presence of another across the street, to dramatically boost tenant satisfaction. Upgrading three floors per year, on average. A sale nine years later for almost twice the purchase price, at 97% occupancy. PARTNERSHIPS 2003: Great Western Industrial Park (GWIP) Community Partnerships Broe’s Great Western Railway moved only 500 cars each year. But that line connected to both the UP and BNSF, and ran through hundreds of acres of Windsor farmland available for purchase—just when Owens-Illinois was evaluating candidate locations for its new plant. Active public and private partnerships, including a fast-track rezoning from agricultural to industrial, and a foreign-trade zone designation. Development of previously untapped water and mineral rights. Industry synergies to support Colorado’s burgeoning oil and gas plays. Aggressive development to exploit rail, energy, highway, terrain, and workforce access. GWIP is a 1500-acre, master-planned development supporting over 2000 jobs, at employers like Vestas, Halliburton, and Cargill. PIVOTING WITH TIMES REIMAGINING Home About Investments Real Estate Infrastructure Transport Energy Newsroom Contact facebook linkedin Copyright © 2015 The Broe Group. All rights reserved.