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Formation of Broadview Real Estate Partners

November 13, 2018

NEW YORK--(BUSINESS WIRE)--Nov 13, 2018--Broadview Real Estate Partners (“Broadview”) has been formed as a real estate investment management company focused on providing growth capital to small and mid-sized operators and developers. The Company’s Managing Partners, Larry Ellman and Jason Grossman, have worked together for the past 14 years, first at Citi Property Investors and later at Berkshire Group.

The Broadview team recently separated from Berkshire Realty Ventures, a wholly owned subsidiary of Berkshire Group, where they led the management of BRV Partners Fund I, a Berkshire-sponsored vehicle formed in May 2015. That Fund is fully committed with entity-level investments in and GP-co-investments alongside operators and developers across multiple real estate sectors. Berkshire has engaged Broadview as a sub-advisor to continue to assist in the management of BRV Partners Fund I along with Berkshire.

“The Broadview team is excited about and appreciative of the opportunity to form our own company, and to continue our involvement with BRV Partners Fund I with Berkshire,” stated Larry Ellman, Managing Partner at Broadview.

“Berkshire remains fully committed to our clients and the success of BRV Partners Fund I, and welcomes Broadview’s continued support as our sub-advisor,” said Chuck Leitner, CEO, Berkshire Group. “As Berkshire sharpens its focus on the residential housing space, we wish the Broadview team the best in building an opportunistic real estate investment management company.”

About Broadview Real Estate Partners:

Broadview is a real estate investment company focused on deploying capital through and in partnership with developers and operating companies. The Broadview team is based in New York City and consists of professionals with over 75 years of combined experience and a long history of investing in and growing real estate businesses. Broadview targets investments in all asset classes across the real estate sector within the United States. For more information on Broadview, please visit www.broadviewrep.com.

About Berkshire Group:

Berkshire Group is a vertically integrated residential real estate investment and property management company with over 50 years of experience. Berkshire’s team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record of solid performance based on thoughtful, leading edge investment strategies, and hands-on development and operational experience. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Atlanta, New York, Baltimore, Dallas, Houston and San Francisco. As of March 31, 2018, Berkshire Group had approximately $7.3 billion in real estate assets under management. For more information on Berkshire, please visit www.berkshire-group.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181113006018/en/

CONTACT: Press Inquiries:

Broadview Real Estate Partners

Larry Ellman, Managing Partner

646-278-9689

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Broadview Real Estate Partners

Copyright Business Wire 2018.

PUB: 11/13/2018 12:44 PM/DISC: 11/13/2018 12:44 PM

http://www.businesswire.com/news/home/20181113006018/en

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