ROCHESTER, N.Y., Dec. 23, 2014 /PRNewswire/ — Broadtree Homes (Broadtree), a private real estate investment offering managed by Broadstone Real Estate, LLC (Broadstone), has acquired an additional 24 Single-Family Rental (SFR) homes from The Dominion Group (Dominion) for a total purchase price of approximately $2 million. The transaction closed on Monday, December 22^nd, and brings Broadtree’s Atlanta-area SFR holdings to 202 homes. Broadtree anticipates the closing of one additional home before year end, which would bring its Atlanta-area SFR holdings to 203, and the overall portfolio to 300 homes across four markets. Broadtree’s Acquisitions team seeks to acquire additional stabilized portfolios in Atlanta and elsewhere throughout the United States.

All of Broadtree’s Atlanta-area holdings have been acquired from The Dominion Group, a full-service, Baltimore-based real estate firm. The homes, which were hand-picked by Dominion and have been fully renovated, have an average age of less than 25 years. The newly-acquired homes are 96% occupied.

“Broadtree Homes is committed to offering investors a scalable, predictable, risk-adjusted investment opportunity in the single-family rental space,” said Broadstone’s Executive Vice President and Chief Financial Officer, Chris Czarnecki. “We continue to seek capital infusions from accredited individuals and institutions, and will deploy that capital prudently as we acquire additional stabilized portfolios of single family homes.”

About Broadtree Homes

Broadtree Homes is a private real estate investment offering managed by Broadstone Real Estate, LLC, and a certified Women’s Business Enterprise (WBE). Broadstone Real Estate’s founders helped pioneer the consolidation within the multi-family apartment REIT space at a predecessor company and subsequently assembled a $1 billion portfolio of net-leased commercial properties.

Broadtree seeks to acquire portfolios of stabilized, single-family rental homes in multiple markets across the U.S., and currently holds a geographically diversified 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 responsibilities of becoming a direct landlord. The offering is open for investment by accredited investors, with a current minimum initial investment of $50,000. After January 1^st, 2015, the minimum investment threshold will increase to $100,000. 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.

Please visit broadstone.com/disclosures for a list of important risk factors to read and consider before investing.

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SOURCE Broadstone Real Estate