Broadshore Capital Partners, a Los Angeles-headquartered real estate investment and advisory firm, announced that its management team led by CEO Brad Howe acquired the majority ownership interest formerly held by The Guardian Life Insurance Company of America. With this acquisition, the company will transition into a management-owned firm.
The transition to full independence will not impact the firm’s day-to-day operations or client relationships, and its existing leadership team will continue without changes to senior management or investment personnel.
“This is a defining moment for Broadshore,” said Howe, “Our firm started 35 years ago as an entrepreneurial, vertically integrated institutional real estate manager. Guardian has had an ownership stake in our business for over 15 years, and we are deeply grateful for their partnership and support. Moving forward as an independent, management owned firm allows us to be more agile, entrepreneurial, and aligned with the long-term interests of our clients and our management team.”
Photo: Brad Howe
0 Comments