Denver, CO (PRWEB) August 21, 2014
Broadtree Homes, Inc. (Broadtree), a private real estate investment company headquartered in Rochester, NY and managed by Broadstone Real Estate, LLC, has acquired 155 single-family rental homes located in Atlanta. The acquisitions took place in two separate transactions. On June 24th, Broadstone acquired the first 127 homes, and closed on the second tranche of 28 homes seventeen days later.
Pantelan Real Estate Services, LLC advised Broadstone Real Estate, LLC and Broadtree Homes, Inc. on the acquisition. In addition to providing strategic advisory services, Pantelan performed in-depth portfolio and property level due diligence and on-site inspections on the acquired properties.
“Engaging Pantelan was the right decision for us. Their very capable team augmented our own staff to efficiently complete due diligence on every individual asset, while their extensive experience and insight gave us much more confidence in the overall transaction.” said Amy Tait, President and CEO, Broadstone Real Estate, LLC.
Pantelan has been on the forefront of developing and defining the institutional single-family residential real estate market. The company turns single-family homes into “predictable” cash-flowing investments for institutional and local investors by providing a range of services, from market analysis to property management.
“We believe Broadtree’s strategy of acquiring stabilized portfolios of residential rental homes will lead the industry into a consolidation phase," said Paul Sveen, Pantelan Managing Partner.
Founded in 2006 in Rochester, N.Y., by Norman Leenhouts and Amy and Robert Tait, Broadstone Real Estate is a full-service real estate company that serves as the sponsor of two private real estate offerings and manages commercial and residential properties across 31 states. Their lines of real estate management include:
Pantelan Real Estate Services partners and invests with residential home investors and provides a practical and comprehensive suite of “best-in-class” real estate services to REITs, investors, private equity firms, and hedge funds. The company’s leadership includes professionals with deep knowledge of single-family real estate, capital markets and related disciplines. Headquartered in Denver, Pantelan is active in select markets nationwide.
For more information: visit http://www.pantelan.com or call 303-951-4210.