Michael Jacoby | Chairman of the Board and Chief Executive Officer
Michael Jacoby is the Chairman of the Board and Chief Executive Officer of Broad Street Realty, Inc. Mr. Jacoby has more than 31 years of experience in the real estate industry and is an expert in large-scale leasing, acquisition, and development transactions. He has successfully completed commercial property transactions involving the acquisition, financing, development and leasing of more than twenty two million square feet of properties throughout the United States. Mr. Jacoby personally focuses on overall corporate strategy and all aspects of Broad Street's successful acquisition program.
Prior to co-founding Broad Street, Mr. Jacoby co-founded Core Location LLC, a firm focused on development, leasing, and capital partner relationships. During his time at Core Location, Mr. Jacoby was instrumental in the acquisition, financing, redevelopment, leasing and sale of the 1.2 million square foot Lakeside Technology Center in Chicago, Illinois, the World's largest data center as, the San Jose Technology Center in San Jose, California and the Metro Atlanta Technology Center, in Atlanta, Georgia. Prior to co-founding Core Location LLC, Mr. Jacoby was senior vice president and manager of the Ezra Company. He served as manager of the HQ office and on the Ezra Board of Directors. At Ezra, he specialized in advising and negotiating on behalf of technology companies throughout the United States.
- ICSC- International Council of Shopping Centers
- Urban Land Institute
- Greater Washington Board of Trade
- Economic Club of Washington DC
- Commercial Real Estate Brokerage Association of Washington DC
- Leadership Greater Washington
- ACG- Association for Corporate Growth
- Licensed Commercial Real Estate Broker-Washington DC, Maryland, Virginia and Colorado
Mr. Jacoby holds a Bachelor of Science degree from Washington & Lee University in Lexington, Virginia.
Mr. Jacoby resides in Washington, D.C. with his wife Nathalie. They have five children. Mr. Jacoby is an avid sportsman and spent more than fifteen years as a youth sports coach in basketball and lacrosse. Mr. Jacoby regularly competes in Triathlons of all distances.
Alex Topchy | Chief Financial Officer, CFA
Alexander Topchy has served as the Chief Financial Officer of Broad Street since 2009. Prior to joining Broad Street, from 2003 to 2006, Mr. Topchy was Vice President of Finance at EastBanc, Inc., a real estate developer based in Washington, DC, engaged in repositioning high-street retail properties and developing ground up luxury residential condominiums. While at Eastbanc, Mr. Topchy coordinated with foreign financial partners, investors, and lenders, and performed financial feasibility studies for all of Eastbanc’s investments. Prior to EastBanc, he worked as a Senior Financial Analyst at Core Location, LLC, performing financial analysis for development projects, including two major technology centers. Mr. Topchy began his career at The Clark Construction Group, where he gained experience in project management and contract negotiation. Mr. Topchy has an M.B.A. in Finance and International Business from the University of Maryland's Robert H. Smith School of Business, and a B.S. in Civil and Environmental Engineering from Cornell University. He is a member of the CFA Institute and the CFA Society Washington, D.C., and has been a CFA Charterholder since 2004. Mr. Topchy currently serves as Treasurer and Director for the CFA Society Washington, D.C., Board of Directors.
Prior to joining Broad Street, Mr. Topchy was Vice President of Finance at EastBanc, Inc., where he coordinated with foreign financial partners, investors, and lenders, and performed financial feasibility studies for all of EastBanc's investments. Prior to EastBanc, he worked as a Senior Financial Analyst at Core Location, LLC, performing financial analysis for development projects, including two major technology centers. His background also includes negotiation and construction and project management.
- Chartered Financial Analyst Charter Holder
- CFA Institute, Board of Directors, Treasurer, CFA Society Washington, D.C.
- Licensed real estate agent in Virginia
Mr. Topchy has an M.B.A. in Finance and International Business from the University of Maryland's Robert H. Smith School of Business, and a B.S. in Civil and Environmental Engineering from Cornell University. He is a member of the CFA Institute and the CFA Society of Washington, D.C. and has been a Chartered Financial Analyst Charterholder since 2004.
Mr. Topchy enjoys soccer and horseback riding whenever possible and is a licensed soccer referee. Mr. Topchy is fluent in German and resides with his wife and two daughters in Arlington, Virginia.
Tom Yockey | Founder and Director
Tom Yockey is the Founder and Director of Broad Street Realty. Inc. The Maryland-based company provide fully integrated real estate leasing, corporate services, development, investment, and property management capabilities. With almost three decades of diverse experience in the commercial real estate industry, Mr. Yockey is a senior executive with a significant record of accomplishments and a proven team leader at both the corporate and project level. He has experience with both renovation and new construction projects in thirteen U.S. cities spanning from coast to coast, with an emphasis on the Washington, D.C. market. He has worked with many of the Nation's most innovative and respected architects, engineers and contractors in the development of state-of-the-art facilities. Mr. Yockey has successfully managed large complex technical teams and a full range of development activities including acquisitions, dispositions, financing, leasing, zoning/entitlements, site planning, design, and engineering, permitting, contractor bidding/negotiation, base building construction, tenant improvements and legal matters.
Prior to co-founding Broad Street, Mr. Yockey was Principal and Director of Development for Core Location, LLC, where he managed a national development program, focusing on projects that directly address the unique demands of mission critical telecommunications infrastructure and Internet data center providers. His duties included managing the company's development/construction team in the delivery of 2,500,000 square feet of projects over a two-year period and participating as a key member of Core's acquisition and due diligence team. He directly managed the development of Core's two key projects in partnership with The Carlyle Group of Washington, D.C., including Lakeside Technology Center, Chicago, Illinois and San Jose Technology Center, San Jose, California.
Previously, Mr. Yockey was a Senior Vice President at CarrAmerica, a national REIT, and its predecessor, The Oliver Carr Company. During his twelve years there, he was a key member of the executive team that managed the delivery of 11 million square feet of buildings nationally, and he was also the development manager for several large complex office projects.
Hamilton Square (280 SF office/retail project), Best Rehab/Renovation, 1997, Washington Business Journal
International Finance Corporation (700,000 SF headquarters) Excellence in Construction, 1997, Associated Builders and Contractors
Lakeside Technology Center (1.2 million SF data center project), Redevelopment of the Year, 2000, Greater Chicago Commercial Real Estate Awards
Pershing Court (33,000 SF office condo project), Award for Excellence for Best Suburban Renovation, 2008, Maryland/D.C. National Association of Industrial and Office Parks
Mr. Yockey earned a Masters Degree from the Department of City and Regional Planning, University of North Carolina at Chapel Hill, as well as a B.A. in Economics from the University of Michigan.
He is married, has two children and lives with his family in beautiful Evergreen, Colorado, where he recently moved after living in the Washington DC area for 35 years.
Daniel J. W. Neal
Mr. Neal is the Chairman, CEO & Founder of Kajeet, Inc. a privately held, mission-driven company he conceived in 1996. Mr. Neal has raised over $120 million of institutional venture capital for the company, which is debt- and preference-free and profitable. Originally launched as a mobile operator providing the first cell phone for children with parental controls, the company today operates three lines of business at the dynamic intersection of cloud software and wireless networking technologies. Kajeet (www.kajeet.net), serving over 850 school districts and libraries across the U.S., delivers managed wireless solutions that close the Digital Divide by enabling underserved students to access the Internet at home and on school buses so they can do their homework. Arterra Mobility (www.arterra.com) provides sophisticated multi-network wireless OSS/BSS and enablement solutions, principally for Fortune 500 customers in the cable industry. Otarris (www.orarris.com) offers multi-network managed Internet-of-things (IoT) solutions to enterprises large and small in the Transportation, Facilities, Healthcare, Government and Public Safety sectors. Mr. Neal is an inventor on 31 U.S. patents in the fields of wireless technology and software.
Before launching Kajeet in 2003, Mr. Neal served as CEO & Vice Chairman of VCampus Corporation (Nasdaq: VCMP), which pioneered the delivery of software-as-a-service (SaaS) e-learning applications for students and employees of both public and private sector enterprises.
Prior to VCampus, Mr. Neal was part of the team that built USinternetworking (Nasdaq: USIX), where he conceived, launched, and led the company’s AppHost™ Division, one of the first businesses in the world to provide a SaaS-enablement platform for Independent Software Vendors. US internetworking had a successful IPO and secondary offering, and was subsequently acquired by AT&T.
Mr. Neal previously forged international commercial relationships with telecommunications carriers in Latin America, Asia and the Middle East for the delivery of advanced communications and pioneering Internet technologies and services at Sprint Corporation (NYSE: S) and Global One Communications, Sprint’s joint venture with France Télécom (NYSE: ORAN) and Deutsche Telekom (FWB: DTE).
Before entering the technology sector, Mr. Neal had a highly successful career in real estate finance and public sector real estate development. Having begun his career as an originator, analyst and syndicator of residential mortgage financing, at an OCC-chartered national bank, Mr. Neal pivoted his career into public service. For a municipality in Maryland, Mr. Neal directed and managed all activities relating to community and economic development, housing rehabilitation, municipal land use planning and development, and infrastructure development.
As a result of his success in Maryland, Mr. Neal was recruited by the Public Buildings Service of the GSA to lead a large team of real estate facilities planners responsible for the analysis and programming of an 80 million square foot portfolio of owned and leased real estate in the national capital region. Mr Neal also worked at a senior level in the Office of the Vice President to effect management improvements in Federal real estate financing, development and portfolio management.
Mr. Neal has raised over $150 million of investment capital and has been deeply involved in the creation, launch, growth and sale of technology and other start-up and early-stage companies, where he has frequently served as an investor and/or advisor. He is active in a wide range of business, investment and technology circles, including Mindshare and the Wharton Club of DC.
Mr. Neal holds an AB in political science from the University of California, Berkeley, and an MBA from the Wharton School of the University of Pennsylvania. He has also studied at the University of Rochester and the University at Albany, SUNY.
As Chief Financial Officer, Mr. Foster led process to sell DuPont Fabros in transaction valued over $7 billion which closed in September 2017. In tenure of Chief Financial Officer achieved total shareholder return of 224% which was an average of 37% per annum. Assumed key role at DuPont Fabros in IPO process which resulted in the completion of $735 million offering in October 2007.
Mr. Foster was a major contributor in raising over $3 billion for DuPont Fabros post IPO through bonds, bank debt, preferred equity and common equity.
He has performed lead role in 2012 successfully lobbying the Commonwealth of Virginia for a sales tax exemption for data center equipment. Mr. Neal has also met with Governor and Virginia Economic Development Council and testified to Virginia House of Delegates.
Mr. Foster has a key role in negotiating and closing significant DuPont Fabros lease with contract value in excess of $250 million. He played an integral role on five-person team who developed and issued for GTE $1 billion of a new type of security, MIPS, which is a mixture of debt and equity offered through a limited partnership. This resulted in GTE obtaining innovative low-cost financing and improved ratings for senior secured debt.
Prior to becoming the EVP – Finance & Strategy of International Rail Partners, LLC and President & CEO of MedAmerica Properties Inc. (OTC: MAMP), Mr. Bencivenga's provided strategic and financial advice to businesses in real estate, music, gaming and solid waste management. He also served as a board member on numerous companies. Before that he was a founding partner of $5 billion hedge fund whose businesses including lending to and private equity investing in small to medium sized companies. He also spent three and a half years as Managing Director/Global Head of High Yield at Barclays Capital. During his tenure there his team originated over 75 high yield, mezzanine and bridge loan transaction and acted as lead or joint lead on over twenty. In 1999, one of these transactions was awarded IFR’s European High Yield Deal of the Year, Euromoney Deal of the Year and received a Highly Commended Award from Corporate Finance Magazine.
During Mr. Bencivenga first 18 years of experience working in the Investment banking industry he spent his first 13 years working at Salomon Brothers and Drexel Burnham. Mr. Bencivenga served as Head of High Yield Research at both Drexel Burnham in the late 1980’s and Salomon Brothers in the early 1990’s. For two years Mr. Bencivenga also served as Deputy Head of Equity Research at Salomon Brothers. In 1994, Mr. Bencivenga became head of Fixed Income Credit Research and the co-head of Fixed Income Strategy at Salomon Brothers where he used his expertise to develop investment strategies for global investors.
Mr. Bencivenga has a BS in Marketing and an MBA in Finance from Fairleigh Dickinson University in New Jersey, where he graduated with honors. Mr. Bencivenga currently resides in New Jersey.
Sam Spiritos' clients recognize him as a sophisticated transactional attorney, trusted business advisor and an effectivenegotiator who truly understands their business needs. Over the course of his twenty-five-plus year career of successful deal-making, Sam has developed not only a masterful legal ability, but also strong relationships with many of the key players in the DC, Maryland and Northern Virginia real estate markets.
He draws upon this experience (which includes training at a “big law” firm), along with his education credentials, to provide efficient legal services and trusted business advice that enables his clients to succeed and grow.
In addition to being Managing Shareholder of Shulman Rogers, Sam actively practices and advises clients in commercial real estate transactions involving all asset classes. In this role, he serves many of the preeminent players in some of the largest and most complex acquisition and development projects in the DC Metro Area. Sam's legal acumen in the Real Estate arena has led to him previously serving as Chair of both the Shulman Rogers Real Estate Department and the Commercial Real Estate Transactions Practice Group.
Clients attest to the value Sam provides them through his unique skill set. Not only do they recognize him as one of the top real estate and transaction attorneys in the mid-Atlantic region, they also realize value from his knowledge of their business, his ability to provide pragmatic and on-point legal advice, and the meaningful connections to deals, investors, lenders and other opportunities that he generates for his clients.
Vineet Bedi, CFA
Mr. Bedi has over 15 years of experience in real estate investing, private equity, capital markets and public REIT investing. Over the course of Mr. Bedi’s career, he has invested billions of dollars of capital across the capital structure in public and private real estate on behalf of institutional investors, including endowments, foundations and family offices.
Mr. Bedi currently serves as Chief Strategy Officer of Invesque, Inc. (TSX: IVQ/U, IVQ), a publicly traded healthcare real estate company. At Invesque, Mr. Bedi leads all capital markets and strategic efforts by advising on initiatives to enhance shareholder value.
Mr. Bedi founded KRV Capital, LP, a private investment and advisory firm serving private and public market real estate investors via a co-investment platform with institutional capital partners. KRV Capital, LP was originally founded in 2013 under the name Booth Park Capital Management, LLC before re-branding in 2016 after forming a strategic alliance with one of the world's leading and most prominent real estate private equity firms.
Previously, Mr. Bedi previously served as a Managing Director, Portfolio Manager and Head of REIT Securities at
Guggenheim Partners for its proprietary, multi-strategy opportunity fund. Prior, Mr. Bedi was a Principal and Senior Investment Professional at High Rise Capital Management. Mr. Bedi began his career in the Healthcare M&A investment banking and proprietary trading groups at Bank of America Merrill Lynch.
He previously served as member of the Board of Directors of MedAmerica Properties, Inc. (Ticker: MAMP) before the merger with Broad Street Realty Trust, Inc. He also serves as an Executive Advisor to various public and private REITs as well as real estate private equity firms.
Mr. Bedi serves as an Adjunct Associate Professor of Finance in the Real Estate program at the NYU-Stern School of Business and has taught in the Master's program at Fordham University and NYU Schack Institute of Real Estate.
He graduated from the NYU-Stern School of Business and is a CFA® Charterholder.