David Madsen, Author at Broe.com

News

World’s Largest Cold Storage Logistics Company and Global Food Giant Partner to Create Strategic Supply Chain Hub in Colorado’s Great Western Industrial Park

Lineage Logistics and OmniTRAX Team up to Expand JBS Foods’ Worldwide Reach

DENVER – April 5, 2022 – Great Western Industrial Park (GWIP), a 3,000-acre master planned development owned and operated by The Broe Group, has been selected as the site of JBS Foods’ newest global food supply chain hub. Lineage Logistics, the world’s largest and most innovative temperature-controlled industrial REIT and logistics provider, purchased the 14.86 acre GWIP parcel for the new project from The Broe Group’s transportation affiliate, OmniTRAX.

“Great Western Industrial Park’s strategic location and OmniTRAX’s rail solution offer unparalleled efficiencies and a key connection to the class I rail network and domestic ports,” said Lineage Logistics President and CEO Greg Lehmkuhl.

The new Lineage parcel will house a next generation cold storage facility custom built for global food leader JBS Foods. OmniTRAX will design, build and operate a custom rail solution for the new Lineage facility that unlocks bulk shipment export efficiency and enables worldwide reach.
“OmniTRAX provides customized rail and real estate solutions that meet our customers’ needs,” said OmniTRAX CEO Dean Piacente. “By linking rail and real estate with Lineage Logistics automation, this new project will be a model for optimizing global supply chains.” With a forecasted 2023 project completion, Lineage Logistics’ new facility will leverage the power of industry-leading technology, automation, and transportation to deliver JBS Foods shipments anywhere in the world.

About OmniTRAX, Inc.
As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at omnitrax.com.

About The Broe Group
Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.

About Lineage Logistics
Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 19 countries across North America, Europe and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivaled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was listed as No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)

News

The Broe Group Signs The Home Depot as Lead Tenant of New I-25 Industrial Innovation Hub

Access 25 Logistics Park Recognized for its Multi-Modal Efficiency and Optimized Market Access

DENVER – February 10, 2022 – Broe Real Estate Group (BREG) has announced active development of its fifth national industrial park, Access 25 Logistics Park, providing optimized market access from Colorado’s fastest growing county. The 300-acre rail-served park, located just north of metro Denver, will be anchored by The Home Depot’s new 386,000 sq. ft. Colorado-based, rail-served bulk distribution center. Access 25 Logistics Park provides multi-modal logistics efficiency from the park’s advantageous location and its optimized interstate and rail access.

“Access 25 Logistics Park provides development capacity for three million square feet of light industrial warehousing to serve the unprecedented market demand,” said BREG Executive Vice President Reagan Shanley. “Home Depot’s new distribution center is the ideal project to demonstrate the logistic advantages that Access 25 provides and the efficiency of dual rail-served industrial space.”

Access 25 Logistics Park takes its name from its optimized access to the iconic interstate that connects Colorado’s dynamic urban corridor, Interstate 25. Located near the intersection of I-25 and CR 34, in Weld County the park features dual access rail service by The Broe Group’s rail affiliate, OmniTRAX, making it the closest and only dual rail-served park in the Denver Metro area. Access 25 also provides its tenants with the unique benefit of outdoor storage capacity.

“Home Depot is the second Fortune 50 company in the past two years to choose the geographic benefits of Weld County,” said Weld County Commissioner Steve Moreno. “It joins the successful FedEx regional distribution terminal as a shining example of manufacturing and logistics companies that recognize our tremendous access to Rocky Mountain markets. Access 25 Logistics Park actually strengthens that market accessibility by providing the only dual-served rail park in Colorado’s growth corridor.”

CBRE’s Daniel Close, Mike Eyer and Tyler Carner will market the site for lease, build-to-suit, and spec construction. Demand for industrial space is near record levels in metro Denver, according to CBRE research. Nearly 2.3 million sq. ft. of positive net absorption was recorded in the third quarter of 2021 – almost triple the amount recorded in the third quarter last year. Year-to-date net absorption stands at nearly 4.5 million sq. ft., a 66.9% increase year-over-year.

About Broe Real Estate Group
Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops, and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 40-year history of value-add real estate investing in Northern Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com.

News, Real Estate

Broe Real Estate Group Acquires Three-Building Portfolio in Colorado Springs’ Premier Office Park

Denver, CO (August 7, 2018) –

Broe Real Estate Group, a wholly owned subsidiary of The Broe Group, today announced the purchase of a three building flex/office portfolio comprising more than 210,000 square feet located in Colorado Springs’ Briargate Office Park.

Briargate is a 9,600 acre master-planned community located in northern Colorado Springs. Within Briargate is Corporate Pointe – the first of the three building portfolio – an 115,260 square foot three-story multi-tenant office located on nearly eight acres at 1975 Research Parkway. The Tech Center West and Tech Center East twin structures comprise the balance of the portfolio and provide a total of 95,392 additional square feet of single-story flex/office buildings located at 8415 Explorer Drive and 2375 Telstar Drive, respectively.

“The Corporate Pointe and Tech Center acquisitions represent an excellent value add investment opportunity with an attractive basis in a market with strong fundamentals,” said Broe Real Estate Group CEO Doug Wells. “Colorado Springsis thriving and we hope to grow our presence in the market over time. This property has experienced significant leasing in the past 90 days with more than 76,000 square feet of renewals and new leases. Post-closing we will invest significant capital to improve common areas, landscaping and building systems.”

Life sciences will play a large role in the Briargate portfolio with Kaiser Permanente already occupying 22,000 square feet of Corporate Pointe and the pending addition a new long-term life science partner to Tech Center East. Located less than an hour from Denver, Briargate’s northern Colorado Springs location offers the ideal commercial property to unlock dual market access to greater Denver and the thriving El Paso County.

News

Canada Pension Plan Investment Board and The Broe Group Complete Acquisition of DJ Basin Oil & Gas Assets

Acquisition completed through jointly formed entity, Crestone Peak Resources

Toronto, ON/Denver, CO (July 29, 2016): Crestone Peak Resources LLC (Crestone), a Canada Pension Plan Investment Board (CPPIB) and The Broe Group jointly formed entity, closed the acquisition of the previously announced Denver Julesberg (DJ) Basin oil and gas assets in Colorado from Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corporation (Encana). Crestone is 95% owned by CPPIB and 5% by an affiliate of The Broe Group. The effective date of the transaction is April 1, 2015.

CPPIB’s Natural Resources group invests directly in companies, strategic partnerships and direct resource interests in energy, merchant power generation, metals and mining, and renewable energy. At the end of Fiscal 2016, the Natural Resources Portfolio consisted of nine direct investments, valued at C$1.4 billion. To date in Fiscal 2017, the Natural Resources group has announced C$4.1 billion of transactions in: Crestone Peak Resources LLC, Wolf Infrastructure Inc., Teine Energy Ltd., and LongPoint Minerals, LLC.

About Canada Pension Plan Investment Board

Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 19 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments.

Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City and São Paulo, CPPIB is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At March 31, 2016, the CPP Fund totalled C$278.9 billion. For more information about CPPIB, please visit www.cppib.com or follow us on LinkedIn or Twitter.

About The Broe Group

The Broe Group, with headquarters in Denver, Colorado, is a privately-owned diversified enterprise with a multi-billion dollar asset base. The organization owns and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. OmniTRAX and Broe manage industrial hubs adjacent to affiliate rail operations including the Great Western Industrial Park in Northern Colorado and sites in Brownsville, Texas; Sand Springs, Oklahoma; Decatur, Illinois and Savannah, Georgia. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has several other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

For further information, please contact:

CPPIB

Mei Mavin

Director, Corporate Communications

+44 20 3205 3515

mmavin@cppib.com

Dan Madge

Senior Manager, Media Relations T: +1 416 868 8629

dmadge@cppib.com

The Broe Group Ronald Margulis T: +1 908 337 0020

ron@rampr.com

News, Transport

OmniTRAX and Effingham County Industrial Development Authority Launch Public/Private Partnership to Develop Land Near Savannah

DENVER: OmniTRAX, Inc., one of the largest privately held transportation services companies in North America and an affiliate of The Broe Group, and the Effingham County Industrial Development Authority (ECIDA) are developing a 2,700-acre tract near Rincon, GA. The Savannah Gateway Industrial Hub, located 12 miles from the Port of Savannah and served by the CSX and Norfolk Southern railroads, is expected to attract manufacturers, processers, distributors and others.

“The Savannah market is growing rapidly, supported by the fourth busiest port in the nation. This is a perfect opportunity for OmniTRAX to supply the capabilities and experience gained at our other industrial development sites to create a world-class business park. We’re delighted to be working with John Henry and his team to bring growth to the region,” said Kevin Shuba, Chief Executive Officer of OmniTRAX.

Under the arrangement, which is going through due diligence by both parties, ECIDA is contributing the land to Savannah Gateway Industrial Hub and OmniTRAX will provide capital for infrastructure including a rail system to connect the tenants to the Class 1 operators, development expertise and marketing services. Benefits for companies locating at the new site include proximity to one of the country’s leading ports, the flexibility of dual rail service, an educated and productive work force and the flexibility to purchase or lease a parcel.

“This is a true partnership for Effingham County that will bring thousands of high quality jobs and economic growth to the community. OmniTRAX has a proven track record from several other locations around the country for creating the infrastructure required to attract great companies to our site,” said John Henry, CEO of ECIDA.

ECIDA had sought a development partner for the property, formerly known as the Research Forest, for several years. OmniTRAX was approached early last year to determine interest, the two entities quickly learned they shared a common development goal for the property and began discussions in mid-2015.

OmniTRAX has drafted a tentative master plan for the park that will allow for several phases of development and will ultimately provide in excess of 1,800 acres of industrial property including a single user mega site. The company has developed other large scale projects including the Great Western Industrial Park, a 3,000 acre, dual-rail served facility north of Denver, CO, and the GEOTRAC Industrial Hub, a 1,400 acre rail served facility at the Port of Brownsville, Texas.

OmniTRAX is one of America’s largest short line railroad holding companies offering bundled services including terminal and switching, door-to-door container/transloading, processing, fueling, storage and maintenance. The company also has successful industrial development and marketing experience, a rarity for rail operators, and currently services many Fortune 500 companies.

“OmniTRAX’s success in rail operations were a real attraction to us, the size and dual-rail nature of this site is what truly gives it potential to be a stand-alone premium site in the Southeast. We knew in order to capitalize on the site’s potential we had to find a partner that took the rail into consideration. Rail operators that also develop industrial property are few and far between. Given the success that they have had in Colorado and elsewhere we found a respect for the company,” Henry added.

About Effingham County Industrial Development Authority

The Effingham County Industrial Development Authority is a governmental Economic Development Organization created to promote trade and industry in Effingham County, Georgia. For more information please visit www.effinghamindustry.com.

About OmniTRAX, Inc.

As one of North America’s largest private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.

About The Broe Group

The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion dollar asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2^nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

News, Real Estate

Broe Real Estate Group Closes on Acquisition of Oceanview Village Shopping Center in San Francisco

San Francisco, CA (March 14, 2016) – Broe Real Estate Group (“Broe”), a leading investment manager of commercial real estate assets affiliated with The Broe Group, has acquired Oceanview Village Shopping Center in San Francisco, California, for $30.6 million. Citivest Commercial (“Citivest”), a real estate operating company specializing in value-add retail investments, will serve as the operating partner.

The 98,406 square foot, mixed-use development is located at 3931-3981 Alemany Blvd. It is part of a mixed-use project built in 2002 that includes 370 condominiums above the ground floor retail space. The condominiums were not included in the purchase. Existing tenants include Albertsons, Walgreens, 24-Hour Fitness and Chase Bank. The grocery store and pharmacy spaces have long-term lease commitments, however both tenants are not in operation. Broe and Citivest plan to reposition the property via multiple improvements, including façade upgrades, new landscaping, entrance lighting, parking lot improvements and a new signage program.

“We are very excited about this new partnership with Citivest, and we believe the investment represents an excellent repositioning opportunity in one of the strongest retail markets in the country,” said Doug Wells, CEO of Broe Real Estate Group. “The upgrades we have planned, combined with an outstanding location, make the shopping center extremely well-positioned to leverage its customer base and enhance value.”

“Sourcing a shopping center in the heart of San Francisco, where supply is highly limited, is extremely difficult,” explains Larry Weese, President of Citivest Commercial. “The ability to acquire a retail asset that not only boasts a prime location, but also presents enormous potential for value creation is a testament to the team.”

Broe and Citivest were attracted to the shopping center’s stable cash flow, with existing credit tenants, as well as its excellent demographics as nearly 60,000 people live within one mile of the property, and 360,000 people live within three miles. The property also benefits from its location, adjacent to the 280 Freeway and close proximity to the Daly City BART Station. The venture has hired Crosspoint Realty to be its Property Manager and selected Todd Oliver and Drew Greenspan with Cushman & Wakefield as its leasing representatives.

About Broe Real Estate Group
Broe Real Estate Group acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. For more than 40 years, the company has operated a comprehensive real estate platform to provide complete solutions to maximize return on investment. Additional information is available at www.broerealestate.com.

About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

About Citivest Commercial Investments, LLC

Citivest Commercial Investments (Citivest) is a related company to Citivest, Inc. The Citivest partners are Dana Haynes, Dwight Belden and Larry Weese. Headquartered in Newport Beach, California, Citivest is a privately held owner, operator and developer of commercial real estate. The company’s executives, each with over 25 years of retail experience, have an extensive multi-cycle track record in the retail sector with a focus on value-add acquisitions and repositions along with select ground-up development projects. Citivest is a proven buyer of value-add and opportunistic retail properties across the Western US, with a particular focus on high barrier to entry submarkets in California. The company’s typical value-add asset strategies leverage the firm’s leasing relationships, development capabilities and overall asset management strength. To date, the Principals of Citivest have round-tripped $1 billion in value-add/opportunistic retail properties.

News, Transport

Georgia & Florida Railway Deploys Interline Settlement System

DENVER – The Georgia & Florida Railway, LLC (GFRR), an affiliate of OmniTRAX, Inc., continues to make shipping by rail easy with the implementation of Railinc’s Interline Settlement System (ISS) in partnership with Norfolk Southern Railway, CSX Transportation and GE Transportation’s Digital Solutions business. ISS is the standard process in the rail industry to share revenue when two or more railroads handle a shipment. Additional OmniTRAX rail lines will convert to ISS in collaboration with the company’s Class 1 rail partners during the coming months.

“This is a significant accomplishment for our organization,” said David Rohal, Senior Vice President of Customer and Class 1 Relations at OmniTRAX. “The ISS process brings us to the same standard used by the major railroads providing the automation our customers and rail partners expect. This supports our ability to grow business and enhances our industrial development and real estate activities, key differentiators for OmniTRAX-managed companies.”

ISS is the accepted standard method by which the rail industry settles interline freight revenues via Electronic Data Interchange (EDI). Through EDI messaging, the system distributes revenue waybills, including rates and divisions, and provides a mechanism for concurrence prior to settlement.

“We see ISS as a cornerstone for building businesses that generate railroad traffic for us and our interchange partners, while improving service and making shipping by rail easy for our customers,” said Kevin Shuba, Chief Executive Officer of OmniTRAX.

About OmniTRAX, Inc.
As one of North America’s largest private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.

About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion dollar asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2^nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

News, Real Estate

Broe Real Estate Group Updates Leadership Team for Growth

DENVER: Broe Real Estate Group, an affiliate of The Broe Group, announced two additions to its leadership team to augment the company’s asset management, development and construction capabilities. Walter Armer joins as Vice President, Development and Portfolio Management with responsibilities for the Broe Real Estate Group multi-family portfolio including the building and marketing of Country Club Towers II. Andy Poremba joins as Vice President, Construction, and will support Armer in the development of Country Club Towers II.

“Walter and Andy bring great experience and enthusiasm to our team at a time when we’re poised for tremendous growth. Their expertise will be particularly valuable with the Country Club Towers II project and considerably enhances the construction and development capabilities of Broe Real Estate Group. We’re glad to have them on board,” said Doug Wells, CEO of Broe Real Estate Group.

Armer, who has 25 years of multi-family asset management and development experience, joins Broe Real Estate Group from the CORE Companies, a private multi-family development firm based in San Jose, CA. He holds a B.S. in Business Administration from the University of Phoenix and an M.B.A. from the F.W. Olin Graduate School of Business at Babson College.

Poremba has 25 years of construction and development experience to BREG and is joining Broe Real Estate Group from ServiceStar Development Company, where he spent 14 years, most recently as Director of Construction. He is a graduate of Colorado State University with a B.S. in Industrial Construction Management.

About Broe Real Estate Group
Broe Real Estate Group acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. For more than 40 years, the company has operated a comprehensive real estate platform to provide complete solutions to maximize return on investment. Additional information is available at www.broerealestate.com.

About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

News, Transport

OmniTRAX Names Harris Board of Directors Chairman

DENVER – OmniTRAX, Inc., one of the largest privately held transporation service companies in North America and an affiliate of The Broe Group, has elected Edmond Harris Chairman of its Board of Directors. Harris, who joined the OmniTRAX board in May 2014, replaces Brad Skinner, who will stay on the board.

“Since becoming a member of the Board of Directors in May of 2014, Ed has drawn on his life-long experiences in the rail industry to help OmniTRAX improve its operating efficiency and processes. His network of industry relationships has also added greatly to the strength of our board,” said Kevin Shuba, CEO of OmniTRAX.

Skinner, who has guided the Board since 2012, worked to expand OmniTRAX’s scope and service offering. He also helped ownership select management team members, recruit Board members and make acquisitions that created new opportunities for the company.

“Brad has been a great leader during a phase of both rapid growth and economic uncertainty. The Board thanks him for his service and looks forward to working with him closely in the future,” said Pat Broe, CEO and Founder of The Broe Group, and a member of the OmniTRAX Board.

Harris added; “Brad helped bring a great leadership team to OmniTRAX and the company now has excellent prospects. I look forward to working with Brad and the other board members to help guide the company through its next phase of profitable growth.”

Harris Background
From 2010-2011, Harris was Executive Vice-President Operations & Chief Operating Officer of Canadian Pacific. He previously held several top management positions at Canadian National, including Executive Vice-President, Operations, and worked his way up from Yard Clerk to Vice President, Operations at Illinois Central Railway. He continues to work as an independent consultant for the rail industry, and is a member of the Board of Directors at Universal Rail Services, a track construction and maintenance company. Harris earned his B.S. in Business Management from University of Illinois and served in the US Marine Corps.

Note to Editors: Photo of Edmond Harris is available.

News, Ventures

Three Leaf Ventures Gains Momentum in 2015; Targets Future Investments in Genomics and Mobile Technology

DENVER – January 7, 2016: Three Leaf Ventures, an affiliate of The Broe Group established to invest in transformative healthcare technology, showed significant progress in 2015. Funds were delivered to several new companies and provided to existing investments to support their growth and progress. The firm plans to expand its focus on medical technology start-ups in the areas of genomics, telemedicine software and hardware, health IT, patient centered tools and services in 2016.

“2015 was a phenomenal year for Three Leaf Ventures. Our companies have made significant progress in terms of value growth. We continue to see tremendous potential from entrepreneurs taking a creative approach to addressing problems in our healthcare system and we expect 2016 will have no shortage of these opportunities,” said Sean Kearney, Managing Director of Three Leaf Ventures.

Highlights for 2015 include:

Invested in the $35 million Series B Funding round of Scanadu Inc., the Silicon Valley based company that is building a platform of consumer tools and services including the creation of an FDA approved blood pressure device for consumers.
Participated in the seed investment round of $2 million for Cohero Health, a digital health company focused on developing connected health tools and technologies to empower respiratory patients and improve care through smart mobile devices
The Initial Public Offering of Invitae, a San Francisco-based genetic information company that Three Leaf Ventures supported in a round of private funding.
Cypher Genomics, a genome informatics firm Three Leaf Ventures invested in, was acquired by Human Longevity, a genomics-based, technology-driven company.

“We are at the start of what will be a transformative era for how we view and manage our individual health. I am excited about the innovations that are only beginning to take place in medicine and related fields,” said Kiki Broe, Senior Associate at Three Leaf Ventures.

About Three Leaf Ventures

Three Leaf Ventures, the technology investment affiliate of The Broe Group, supports growing companies in their effort to address the many issues that exist in managing health. Today, as never before, technology can be leveraged to significantly reduce the frictions present in our healthcare system. Three Leaf Ventures and The Broe Group aim to partner with entrepreneurs from vision to fruition.

About The Broe Group

The Broe Group and its affiliates, based in Denver, Colorado, employ more than 1,000 people and manage real estate throughout North America. Its transportation affiliate, OmniTRAX, Inc., is a leading logistics services firm with railroad, port and terminal operations throughout North America, including the Great Western Railway Company. Its energy affiliate, Great Western Oil & Gas Company, is a top 100 driller in the U.S. For more information, see www.broe.com.

Media Contacts:

Sean Kearney, Managing Director
Three Leaf Ventures
Email: skearney@threeleafventures.com
Phone: 303.298.0443

Ron Margulis
RAM Communications
Email: ron@rampr.com
Phone: 908-337-0020

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