BROADSHORE CAPITAL ANNOUNCES REORGANIZATION –
ADDS KEY LEADERSHIP POSITIONS
Firm remains focused on commercial real estate equity investments; will significantly expand lending activity with new debt program later this year
LOS ANGELES – May 4, 2022 – Broadshore Capital Partners announced today that Brad Howe will now be CEO after a decades-long partnership with Bleecker Seaman as co-CEOs, as Mr. Seaman has retired from the firm. Concurrently, Managing Director Kerri O’Neill, has advanced to the new position of Chief Performance Officer and joined the company’s Investment Committee; and Managing Director Russell Munn has advanced to the position of Chief Operating Officer.
“Bleecker is a dear friend and has been a great partner for 18 years. With his departure, Broadshore is consolidating leadership and elevating two of our key executives to roles of greater responsibility in the organization. Kerri and Russell both have vast knowledge and experience in commercial real estate investment and management that benefits our firm and our clients,” said Howe.
As Chief Performance Officer, Ms. O’Neill will provide oversight and guidance of our asset management activities across our portfolio, and in our client relationships. Ms. O’Neill was previously Managing Director and has over 30 years with Broadshore. She will bring her deep industry experience and insight to Broadshore’s capital deployment as a voting member of the company’s Investment Committee.
Russell Munn has served as Managing Director at Broadshore with particular focus on hospitality investments and originations during his 11-year tenure with the firm. As Chief Operating Officer, Mr. Munn will lead the execution of Broadshore’s investment strategies with a focus on increasing profitability, productivity, and ensuring operational excellence across the company.
“Broadshore Capital will remain an active equity investor in commercial real estate with a particular focus on multifamily and hospitality assets. Broadshore also has a long and successful track record as a high yield real estate lender and intends to build on this experience and significantly expand its lending activity with a new dedicated team and a new investment program with over $1 billion in committed capital,” noted Howe. Broadshore has been a high yield lender for many years and has made approximately $1.9 billion of debt investments.
Over the past approximately 18 months, Broadshore has been an active seller capturing significant returns that achieve or exceed its investment mandates. Broadshore’s assessment of optimal acquisition and disposition strategies is key to the firm’s long-term success in its work with its investment clients.
Broadshore continues to seek acquisition opportunities in markets across the country where the underlying commercial real estate fundamentals and asset pricing are compelling, particularly in multifamily and hospitality assets.
About Broadshore Capital Partners
Broadshore Capital Partners, LLC (“Broadshore”) was founded in 1989 (under a predecessor name) and became an SEC registered investment adviser in 1991. In 2019 the company rebranded following a buyout led by its long-time partner, The Guardian Life Insurance Company of America. Broadshore is a leading national real estate investment management and advisory services company with approximately $1.76 billion in assets under management as of December 31, 2021. The firm provides real estate advisory services to a select list of international institutions, public pension funds, insurance companies and high net worth individuals. Broadshore is based in Los Angeles with personnel in New York, Denver, Seattle and Phoenix. For more information visit www.broadshore.com