Boston Omaha Asset Management Announces Dennis J. Balletto Joining the Real Estate Team
12 September 2023 - 10:09PM
Business Wire
Boston Omaha Asset Management (BOAM), a wholly owned subsidiary
of Boston Omaha Corporation (NYSE:BOC), has named Dennis J.
Balletto as a Vice President of Loan Originations and
Acquisitions.
“I've known Dennis for over 15 years and have consistently held
great respect for his strong work ethic and extensive knowledge of
the commercial real estate sector. Since March 2023, regional banks
have notably reduced their lending capacity. After surveying the
market of lenders and borrowers, we identified a significant
lending gap that we believe aligns with our acceptable risk/return
parameters. In formulating a strategic plan to address this gap, we
sought a capable leader proficient in sourcing, underwriting, and
closing anticipated lending volumes. Hiring Dennis was an easy
decision for us, and we are excited to have Dennis help grow BOAM
further,” said Brendan Keating, Co-Managing Partner of BOAM.
Dennis arrives at Boston Omaha Asset Management after an
accomplished career in the banking industry. He was previously a
Sr. Director for Bank of Nevada, a division of Western Alliance
Bank (NYSE:WAL) and focused on real estate transactions involving
local, regional, and national: commercial real estate developers,
investors, homebuilders and REITs. These transactions focused on
land acquisition, construction, bridge, mini-perm and permanent
financing. Dennis has over 18 years of lending experience and over
two years of experience with a national self-storage operator,
where he focused on strategic acquisitions and financing of
institutional quality storage assets across the US.
He graduated from the inaugural NAIOP Developing Leaders Class
(2008) and was honored with an Emerging Star Team Development
Award. He is part of several real estate industry organizations and
has mentored 10+ students through the Lied Institute for Real
Estate Studies at the University of Nevada, Las Vegas. He also
served as a board member of JDRF Southern Nevada, which supports
research to fight type 1 diabetes. Dennis received his Bachelor of
Science degree in Economics from University of Nevada, Las
Vegas.
About Boston Omaha Asset Management
Boston Omaha Asset Management seeks to create long-term
investment returns while limiting the risk of capital and
purchasing power loss. The firm uses an opportunistic approach to
build partner wealth via long-life, physical assets that can
operate in a low-cost manner and/or can be financed in an
advantaged way. Boston Omaha Asset Management is a subsidiary of
Boston Omaha Corporation (NYSE:BOC), a public holding company with
subsidiaries in four verticals: Broadband, Billboards, Bonds, and
Asset Management. To learn more, please visit
www.bostonomahaAM.com.
Forward-Looking Statements
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts. The Company desires to take
advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The
words “believe,” “anticipate,” “intends,” “estimate,” “forecast,”
“project,” “plan,” “potential,” “may,” “should,” “expect,”
“pending” and similar expressions identify forward-looking
statements. The forward-looking statements in this press release
are based upon various assumptions, many of which are based, in
turn, upon further assumptions, including without limitation, our
management's examination of historical operating trends, data
contained in our records and other data available from third
parties. Although we believe that these assumptions were reasonable
when made, because these assumptions are inherently subject to
significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond our control, we cannot assure
you that we will achieve or accomplish these expectations, beliefs
or projections.
Boston Omaha Asset Management is the business name for certain
private fund managers that are owned and controlled by Boston Omaha
Asset Management, LLC, a wholly owned subsidiary of Boston Omaha
Corporation. The information contained herein is not and should not
be considered investment advice, a solicitation, offer or
recommendation to sell or buy any specific investment. Offers to
sell or a solicitation of an offer to buy, will be made, if at all,
through a confidential private placement memorandum (or similar
offering document). Investing involves risk, including the
potential loss of principal, and the profitability of any
particular investment cannot be guaranteed.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230912231159/en/
Mark (Butch) Burgers (402) 403-3771 butch@bostonomaha.com
Boston Omaha (NYSE:BOC)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Boston Omaha (NYSE:BOC)
Historical Stock Chart
Von Mai 2023 bis Mai 2024