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DENVER AND NATIONAL COMMERCIAL REAL ESTATE EXPERT KEITH NEFF JOINS BROE REAL ESTATE;
WILL LEAD NATIONAL OFFICE LEASING EFFORTS

- Neff Directed $400 Million Portfolio for Lowe Enterprises Colorado
- Has Listed Some 40 Denver Buildings, Many of the Most Prestigious


Denver, Colorado, August 25, 2004: Broe Real Estate, an affiliate of The Broe Companies, has announced the appointment of Keith Neff as Vice President of Leasing and Marketing. Mr. Neff will join Broe on September 1 and will have responsibility for office leasing efforts in Colorado and throughout North America. He will immediately assume responsibility for leasing the 1700 Broadway property in downtown Denver, the 50 South Steele Street property in Cherry Creek, and the Cascades building in Greenwood Village.

The Broe Companies is an international investment, acquisition, and operations enterprise based in Denver, Colorado. The company is aggressively seeking to expand its diverse portfolio and accelerate its rapid growth.

Mr. Neff has been recognized both nationally and in Colorado in Colorado and nationally as an expert in commercial real estate and one of the industry’s most prolific producers. In addition, he has received accolades from the tenant side of the business as a dedicated partner in client success. Prior to joining Broe Real Estate, he directed leasing and marketing programs for Lowe Enterprises Colorado, Inc., managing leasing activities for a $400 million portfolio.

“ We are delighted to have a real estate executive of Keith’s stature join us at Broe,” states Chris Matthews, Executive Vice President at Broe Real Estate. “Keith will play a key role in realizing our ambitious growth objectives.”

Over a 22-year real estate career, Mr. Neff has worked for the most highly respected companies in the industry. In Denver alone, he has listed some 40 major office properties including 1999 Broadway, First Interstate Tower South (Wells Fargo), Mellon Financial Center, Greenwood Corporate Plaza, Park Central, and Stanford Place 3.

Mr. Neff has been active in numerous real estate related organizations, and is a member of the Board of Directors of the Aurora Economic Development Agency, the Downtown Denver Office Council, the Building Owners and Managers Association (BOMA), and the National Association of Industrial and Office Parks Association (NAIOP).

About The Broe Companies: The Broe Companies is a 32-year old, international investment, acquisition, and operational enterprise headquartered in Denver, Colorado.

The company is involved in an expanding and diverse array of businesses and industries including: Transportation, featuring OmniTRAX, the largest private rail and rail- related operation in North America; Strategic Capital, including McKinley Medical, a global supplier of innovative drug infusion systems; Real Estate, incorporating the ownership and operation of premier office and industrial properties throughout North America; and Aspen Retirement Communities, which owns and operates independent and assisted living communities across the United States, with eight communities and nearly 1400 units.

Broe seeks to engage with qualified business people to discuss possible acquisition of, investment in, or operational affiliation with a company or other assets.

Media Contact:
Michael Burke
Vice President, Corporate Communications
303-393-0033 (Office); 303-883-6551 (Mobile)
mburke@broe.com