Broadtree Homes Acquires 23 Additional Single-Family Rental Homes in Atlanta; Seeks Further Investment Opportunities

ROCHESTER, N.Y., Oct. 6, 2014 /PRNewswire/ -- Broadtree Homes (Broadtree), a private real estate investment company managed by Broadstone Real Estate, LLC, has acquired another 23 Single-Family Rental (SFR) homes from The Dominion Group (Dominion) for a total purchase price of approximately $1.7 million. The transaction closed on Tuesday, September 30th, and brings Broadtree's Atlanta-area SFR holdings to 178 homes.  Broadtree continues to seek stabilized portfolios for acquisition in Atlanta and elsewhere in the United States.

The Dominion Group, headquartered in Baltimore, Md., initially acquired each of the homes individually, renovating and leasing them prior to the portfolio's sale to Broadtree.  Dominion will continue to partner with the company to manage the Atlanta portfolio and provide additional homes for possible future Broadtree acquisition.

"Broadtree is a buyer of renovated, rented homes in attractive markets throughout the United States, and our Atlanta holdings will serve as a healthy backbone in our portfolio as we continue to execute that strategy," said company CEO, Amy Tait.  "Our commitment to deploy a scalable, predictable, and risk-adjusted model in the single-family rental space positions us as an attractive liquidity option and long-term partner for regional operators."

About Broadtree Homes

Broadtree Homes is a private real estate investment offering managed by Broadstone Real Estate, LLC, a certified Women's Business Enterprise (WBE).  The company was founded by the same families that pioneered consolidation within the multi-family apartment REIT space.

Broadtree seeks to acquire portfolios of stabilized, single-family rental homes in multiple markets across the U.S., and currently holds a diversified, geographically dispersed portfolio of homes in Western New York; Palm Beach County, Florida; the Atlanta, Georgia area; and the Greater Minneapolis, Minnesota area.

Company leadership is excited to offer accredited investors a chance to participate in the consolidation of this emerging, underserved asset class, without the effort and risk of becoming a direct landlord. The offering is open for investment by accredited investors, with a current minimum initial investment of $50,000. Shares are offered directly via private placement.  For more information, visit www.broadtreeinfo.com or contact a member of the firm's Investor Relations team.

Media Contact:
Christopher J. Brodhead
Director of Investor Relations
Broadstone Real Estate, LLC
[email protected]          
585.287.6499

Investor Relations Contacts:
Dave Kasprzak
Vice President of Investor Relations
[email protected] 
585.287.6475

Chris Brodhead
Director of Investor Relations
[email protected] 
585.287.6499

Broadtree Homes Acquisitions Contact:
Randy Hagedorn
Director of Acquisitions, Broadtree Homes
[email protected] 
585.287.6526

SOURCE Broadstone Real Estate, LLC

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED