News article in Crain's Detroit Business

Broder & Sachse shifts away from third-party property management

Broder & Sachse Real Estate Services Inc. is ending most of its third-party property management contracts to concentrate instead on property development.

The Birmingham-based company has been active in downtown Detroit in recent years, developing The Scott at Brush Park apartments, due to open next month, and The Albert apartments in Capitol Park, among others.

“We are doing some very big things, particularly downtown,” said Richard Broder, CEO of the 23-year-old company. “It’s important; it’s taking our attention and it should.”

The company will continue to manage its own properties.

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