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Yesway Appoints Thomas W. Brown to Chief Actual Property Officer

Brown will likely be accountable for figuring out potential website and comfort retailer acquisitions for Yesway.

thomas-brown.Thomas W. Brown has been named the chief actual property officer of Yesway, which was based by Brookwood Monetary Companions LLC in 2015.

“Over the course of his long-standing tenure at Brookwood, Tom has made excellent contributions to the agency as an esteemed member of our senior administration crew. He’s extraordinarily nicely revered by colleagues and purchasers within the non-public fairness, business actual property, and comfort retailing realms for his astute data and depth of expertise,” stated Tom Trkla, chairman and CEO of Brookwood and chairman, president and CEO of Yesway. “Having labored facet by facet with Tom for almost 30 years, I’m enthusiastic about this subsequent chapter for the corporate and sit up for him offering much more steerage and help as Yesway continues to develop. I couldn’t be extra happy to have fun his achievements.”

In his capability as chief actual property officer, Brown will likely be accountable for directing all actual estate-related actions for the agency, together with figuring out potential website and comfort retailer acquisitions, and overseeing the agency’s retailer transform, raze-and-rebuild, and new-to-market building initiatives. Brown has served on the helm of Yesway’s aggressive marketing campaign to develop Yesway’s portfolio via the completion of recent shops and raze-and-rebuild tasks throughout its geographic footprint. As beforehand introduced, Yesway accomplished the development of 17 new shops and 21 raze-and-rebuild tasks in 2022 at an industry-leading annual return on invested capital. Given the success of those accomplished tasks, Yesway plans to assemble 28 further new shops in 2023, the vast majority of which will likely be funded utilizing the proceeds of the $190 million in new fairness it has raised. Brown will stay president of Brookwood and proceed to serve on Brookwood’s Govt and Funding Committees.

Previous to becoming a member of Brookwood in 1994, Brown was a vp of Winthrop Administration, a completely owned subsidiary of Winthrop Monetary Associates, a Boston-based actual property funding and administration agency. As director of nationwide actual property operations, he was accountable for the administration of 30 million sq. ft of workplace, industrial and retail properties representing over $3 billion of actual property. Brown additionally beforehand served as president of a publicly held nationwide actual property agency the place he was accountable for the actual property operations of 250 workplace buildings and buying facilities all through the USA. Brown is a member of the City Land Institute, the Nationwide Affiliation of Workplace and Industrial Parks and the Worldwide Council of Purchasing Facilities.

Brown is a graduate of the College of Texas and obtained a Grasp of Enterprise Administration diploma from the College of Dallas. In 2018, Brown accomplished the Oxford Strategic Management Programme on the College of Oxford’s Saïd Enterprise Faculty.

Brookwood is a personal fairness agency that acquires and manages business actual property and actual estate-related working companies on behalf of its buyers, which embrace Wall Road funding banks, sovereign wealth funds, faculty endowments, private and non-private pension funds, household places of work and high-net-worth people. Since its founding in 1993, Brookwood has invested over $1.7 billion of fairness to accumulate a portfolio of over 202 business actual property properties, seven working firms, and 460 gasoline stations and comfort shops. Its $4.3 billion historic portfolio has spanned a number of asset courses, geographical markets, and industries throughout the USA.

Established in 2015, Yesway is a multi-branded platform headquartered in Fort Value, Texas, which operates 435 shops positioned in Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma and Nebraska. Yesway operates its portfolio primarily underneath two profitable manufacturers, Yesway and Allsup’s, with websites which might be differentiated via a foodservice providing, that includes Allsup’s well-known deep-fried burrito, and all kinds of high-quality grocery objects and private-label merchandise. Yesway’s geographic footprint consists of shops positioned in engaging rural and suburban markets throughout the Midwest and Southwest.


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