2014

Broadstone Real Estate Announces Four New Hires

ROCHESTER, N.Y., March 1, 2013 /PRNewswire/ -- Broadstone Real Estate, LLC (Broadstone) today announced four recent additions to its staff.

In early January 2013, Molly Wiegel joined Broadstone as Director of Human Resources. Her primary responsibilities include identifying and hiring additional talent to support continued growth of the organization. Prior to joining Broadstone, Molly was Human Resources Director at Rochester Optical and before that spent 10 years at Nixon Peabody, LLP in various human resources functions.  

Rob Merrill officially joined Broadstone on February 1st as Director of New Market Development for Broadtree Homes. Broadtree Homes is Broadstone's second private real estate investment trust (REIT) and it specializes in the acquisition and management of single family homes for rent.  Rob will work to establish a presence and build local teams for Broadtree Homes as it enters additional geographic markets across the country. Previously, Rob spent much of his career in the telecom industry with various management roles at PICS Telecom, Choice One Communications, Frontier Communications and AT&T.

Also on February 1st, Abby Montemaro joined Broadstone as Shareholder Services Coordinator. Abby will be responsible for managing the investor bases for Broadstone's REITs. Previously, Abby was a Brokerage Operations Specialist with Tompkins Financial Advisors.

Effective March 1st, Jodi Falk joined Broadstone as Chief Operating Officer with a primary focus on managing and building the infrastructure necessary to support Broadtree Homes. Jodi has over 13 years of multi-family housing real estate experience. Most recently, Jodi served as Chief Administration and Information Officer for Home Properties (NYSE: HME) where she had responsibility for all data systems, development of the company's internet presence, Sarbanes Oxley compliance and training and several other corporate operational directives. She has also held positions with Baush & Lomb and Kidder, Peabody & Co. Jodi is a graduate of Cornell University and the Wharton School of Business.

Jodi replaces Tom Rogers as Chief Operating Officer; Tom served as COO of Broadstone from May 2011 until February 2013 and President beginning in May 2012. Amy Tait has assumed the additional title of President.

"These four exciting additions to our team will help our organization continue its already remarkable growth trajectory," said Amy Tait, Chairman, CEO and President. "During 2012, we doubled the size of our portfolio of net leased commercial properties with $275 million of acquisitions.  These hires reflect our confidence in the continued growth of Broadstone Net Lease, as well as our commitment to developing a national platform to manage single family rental homes for our newest venture, Broadtree Homes. We could not be happier with the energetic and experienced team we are building."  

Based in Rochester, New York, Broadstone Real Estate currently manages commercial and residential properties located in 26 states. Broadstone is also a Registered Investment Advisor, and serves as the asset manager for two private REITs, Broadstone Net Lease, Inc. and Broadtree Homes, Inc.  Broadstone Net Lease, Inc. invests in freestanding, single-tenant, absolute net-leased properties located throughout the United States, and Broadtree Homes, Inc., invests in single family homes for rental in several markets. Broadstone is a 2011 and 2012 member of the Rochester Top 100.  Additional information can be found at www.BroadstoneRE.com.

SOURCE Broadstone Real Estate, LLC



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