Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
ROCHESTER, N.Y., March 03, 2016 -- Broadtree Homes, Inc. (BTH), a private Real Estate Investment Trust (REIT) managed by Broadstone Real Estate, LLC (BRE), is seeking multifamily communities and portfolios of single family rental homes (SFR) for acquisition. On March 3, 2016, BRE committed an additional $25 million of capital to BTH at the same price and terms available to other investors. This additional sponsor commitment more than doubles insider holdings in the REIT. BTH currently owns 473 diversified, geographically dispersed rental units in four U.S. markets, and now has the capacity to acquire another $100 million of residential properties.
“Broadtree Homes provides an efficient vehicle for investors to benefit from rising rents and occupancies as the U.S. continues to shift towards a ‘rentership society’,” said Amy Tait, Chairman and CEO of BRE. “This $25 million commitment is further evidence of our commitment to invest alongside shareholders and our belief in the residential space as we continue to grow our diversified residential income REIT.”
The BTH management roster boasts extensive residential acquisition and property management experience, including founding members of Home Properties, which navigated a successful IPO in 1994 and operated as a publicly traded, multifamily apartment-focused REIT until it was taken private by Lone Star Funds in October of 2015.
BTH seeks acquisitions via outright purchase, and via UPREIT transactions. UPREIT transactions, (where “UPREIT” stands for Umbrella Partnership REIT), provide a tax deferred exit strategy for owners of real estate who might otherwise recognize a significant taxable gain in a cash sale of a highly appreciated property with a low tax basis. These transactions enable the property owner to exchange owned real estate for an interest in a professionally managed portfolio that is diversified by geography, property type, and tenant.
About Broadtree Homes
Broadtree Homes (BTH) is a private residential income REIT that holds a diversified, geographically dispersed portfolio of 473 residential rental units in Western New York; Palm Beach County, Florida; the Atlanta, Georgia area; and the Greater Minneapolis, Minnesota area.
BTH remains open for investment by accredited investors only, with a minimum initial investment of $100,000. Shares are offered via private placement, and investor kits are available for download from the company’s website, Broadstone.com. Please see certain important disclosures regarding BTH at Broadstone.com/disclosures.
Media Contact: Emma Bliss Marketing Coordinator [email protected] 585.287.6479
