GDCo Promotes Broderick to CEO

| February 12, 2018

Edward Broderick

Providence, RI – Gilbane Development Company (GDCo), the real estate development, financing, and ownership arm of Gilbane, Inc., recently announced the promotion of Edward Broderick to CEO. He previously served as COO and succeeds Robert Gilbane, who will remain as chairman of Gilbane Development Company.

Broderick will be responsible for the development and execution of Gilbane Development’s strategic plan as well as for the management of all aspects of the Company and its activities, including new development opportunities, acquisitions, financings, and project leadership.

He will serve on the company’s board of directors and its investment committee.

During his 35-year career, he has successfully progressed through leadership roles at Gilbane, starting as a management trainee with Gilbane Building Company before joining Gilbane Development Company in 1989.

Broderick has had many accomplishments including structuring transactions in both public and private sectors, growth of the Company’s multifamily and mixed-use portfolio, and geographic expansion including Chicago, Washington DC, and New York City. He brings a wealth of experience to the Company, combined with exceptional leadership, a demonstrated ability to adapt to changing markets, and strong bottom line results.

“Ed is an open-minded, forward-thinking leader,” said Robert Gilbane. “Throughout his 35 year tenure with Gilbane, Ed has a proven track record of understanding markets and making strategic choices that translate vision into strategies that have contributed meaningfully to our success. The Board and I are excited to have Ed as CEO.”

As Chairman, Robert Gilbane will chair the GDCo Board of Directors and its Investment Committee, review and provide input to the Company’s strategic vision and support GDCo’s expansion into new markets.

“I look forward to maintaining my relationships with lenders, investors and joint venture partners and supporting Ed in Gilbane Development Company’s continued growth into new markets,” said Robert Gilbane.


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