Broadtree Homes Acquires 28 Additional Atlanta Homes; Seeks Further Investment Opportunities

Broadtree Homes Acquires 28 Additional Atlanta Homes; Seeks Further Investment
                                Opportunities

- Private Investment Company has Acquired 155 Homes from Dominion in Last 30
Days-

PR Newswire

ROCHESTER, N.Y., July 23, 2014

ROCHESTER, N.Y., July 23, 2014 /PRNewswire/ --Broadtree Homes (Broadtree), a
private real estate investment company managed by Broadstone Real Estate, LLC,
has acquired another 28 Single-Family Rental (SFR) homes from The Dominion
Group (Dominion) for a total purchase price of approximately $2.4 million. The
transaction closed on Friday, July 11^th, just seventeen days after
Broadtree's acquisition of 127 Atlanta-area rental homes from Dominion. The
purchase will continue to strengthen Broadtree's presence in the Atlanta, Ga.
Market, where it has now invested $12.4 million.

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.

"We are delighted to announce Broadtree's second Atlanta-area acquisition from
our partner, The Dominion Group," said Broadstone Real Estate CEO, Amy Tait.
"Broadtree holds a long-term view of the Single-Family Rental marketplace, and
these renovated, rented homes will serve as core holdings for us as we seek
additional portfolios and increased levels of capital from accredited
investors."

With more than 14 million single-family home rentals in the U.S and only
250,000 (less than 1.8%) currently owned by institutional investment
companies^1, the market is ripe for deliberate consolidation. Broadstone has
released an infographic illustrating the changing landscape of Single Family
Rental investing, and how it benefits both investors and renters alike.

You can view the Infographic here: www.broadstone.com/SFRIG

The principals at Broadstone Real Estate established Broadtree Homes to take
advantage of the opportunities in this evolving sector. The consolidation and
institutionalization of the Single-Family Rental industry in many ways mirrors
how the multifamily apartment sector evolved over the past three decades,
where company founders, Amy Tait and Norman Leenhouts, participated in the
founding and leadership of Home Properties, an apartment REIT that went public
in 1994*.

"In the aftermath of the financial crisis, a handful of institutional firms
acquired hundreds of thousands of distressed homes through bulk sales and at
auctions," Tait said. "Broadtree Homes takes a different approach, acquiring
renovated, leased portfolios of Single Family Rental homes, providing
accredited investors a more predictable, yield-oriented investment option in
this emerging and underserved asset class. This consolidation of
Single-Family Rental homes is quite reminiscent of our experiences in the
multi-family arena in recent decades."

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).
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 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.

^1 http://www.rentalhomecouncil.org/media/14-03-26-NHRC-Launch-Release.pdf

*Broadstone Real Estate, its principals and affiliated REITs are not currently
affiliated with Home Properties, Inc.

Investor Relations Contacts:
Dave Kasprzak                        Chris Brodhead
Vice President of Investor Relations Director of Investor Relations
dave.kasprzak@broadstone.com        Chris.brodhead@broadstone.com
585.287.6475                         585.287.6499
Broadtree Homes Acquisitions Contact:
Randy Hagedorn
Director of Acquisitions, Broadtree Homes
randy.hagedorn@broadtreehomes.com
585.287.6526

SOURCE Broadstone Real Estate

Website: http://www.BroadstoneRE.com
Contact: Media, Christopher J. Brodhead, Director of Investor Relations,
Broadstone Real Estate, LLC, chris.brodhead@broadstone.com, 585.287.6499
 
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