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DENVER-The Broe Cos., a privately held diversified company in Cherry Creek that owns commercial real estate, railroads and other investment holdings, is expanding its management team to reach deeper into the capital markets by hiring Kevin Kester. Kester is the former director of Alternative Investments for the Colorado Public Employees’ Retirement Association, or PERA, a $27 billion pension fund.

Effective December 15, Kester will be VP of capital markets for Broe. He will also be concentrating on acquisitions and newmarket opportunities.

Kester has more than seven years of institutional experience, havinginvested more than $2 billion of pension fund assets in real estate,private equity and timber. He also sits on the Board of Directors for the Institutional Limited Partners Association.

“This is an important step for the growth of The Broe Cos.,” says Brad Wolfe, CFO of the Broe Cos. “Adding a veteran to our Capital Markets team will allow us to tap into previously closed markets.”

Kester holds a B.A. in government from Hamilton College andan MBA in Finance from the University of Colorado at Boulder. He is also a member of the Executive Committee of the University of Colorado Real Estate Center.

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