#United States #New York #Broad Street #Matt Sobel #Ben Kahan

Broad Street Development Marks Two Decades with Ambitious Expansion

Broad Street Development (BSD), a prominent player in the real estate investment and development sector, is commemorating its 20th anniversary by significantly bolstering its investment capabilities through the onboarding of two seasoned executives. Matt Sobel and Ben Kahan have recently joined the team, stepping into pivotal leadership roles that align with the firm’s ambitious plans for future growth.

With a target of acquiring $2 billion in assets over the coming years, BSD aims to leverage the extensive experience of Sobel and Kahan to enhance its investment strategy. Their key responsibilities will include directing the firm's efforts in ground-up residential developments, crucial multifamily investments, and strategically positioned office properties primarily within the Northeast region of the United States.

Strategic Leadership and Vision

Raymond Chalmé, the CEO of BSD, expressed confidence in the new hires, stating, "Matt and Ben complement the incredible talent we have cultivated here at BSD. Their institutional investment expertise in diverse asset classes is unparalleled, and we are excited about the potential for growth through their leadership."

Sobel and Kahan join the firm with impressive backgrounds from Dalan Real Estate, where both played integral roles in managing high-stakes acquisitions and investments, amounting to billions of dollars. Sobel’s extensive experience of over 12 years encompasses the acquisition, financing, and management of various real estate assets. Meanwhile, Kahan, as a Senior Director at Dalan, was instrumental in leading significant equity and credit transactions nationwide.

Additionally, both executives possess a robust collaborative history with prestigious institutional investors, including KKR and Bain Capital, which is expected to yield mutually beneficial strategic insights as they navigate the evolving market landscape.

Future Potential and Market Opportunities

The dynamic nature of the current real estate market presents myriad opportunities, and BSD's leadership underscores the firm's readiness to capitalize on these prospects. Sobel emphasized the firm’s unique position in executing both core and value-add strategies across various asset classes. He remarked, "The complementary backgrounds and skill sets within our team provide BSD with a distinct advantage to move forward with confidence in identifying and executing deal structures that align with our ambitious acquisition goals."

Kahan echoed this sentiment, stating that their commitment lies in delivering robust risk-adjusted returns for partners and investors through judicious growth, marking a pivotal moment in BSD's trajectory and pushing the boundaries of their operations.

Broad Street Development Overview

Established with a commitment to excellence, Broad Street Development has developed a reputation for managing high-quality assets across the Northeast. With a disciplined approach to investments and a focus on operational excellence, the firm’s leadership team, along with its newly expanded ranks, is poised to navigate the multifaceted landscape of real estate opportunities with strategic precision.

To learn more about Broad Street Development and its plans for growth, visit BSD's website.