BEVERLY, Mass.—Brookwood Financial Partners LLC announced that Thomas W. Brown has been named the chief real estate officer of Yesway, the 435-store strong retail convenience store operator founded by the firm in 2015.
“Over the course of his long-standing tenure at Brookwood, Tom has made outstanding contributions to the firm as an esteemed member of our senior management team. He is extremely well respected by colleagues and clients in the private equity, commercial real estate and convenience retailing realms for his astute knowledge and depth of experience,” said Tom Trkla, chairman and CEO of Brookwood and chairman, president, and CEO of Yesway. “Having worked side by side with Tom for nearly 30 years, I am excited about this next chapter for the company, and look forward to him providing even more guidance and support as Yesway continues to grow.”
Brown will be responsible for directing all real-estate related activities for the firm, including identifying potential site and convenience store acquisitions and overseeing remodel, raze and rebuild and new-to-market construction initiatives. Brown has been at the helm of Yesway’s aggressive campaign to grow its portfolio through the completion of new stores and raze-and-rebuild projects across Yesway’s geographic footprint, the company said.
Yesway completed the construction of 17 new stores and 21 raze-and-rebuild projects in 2022. Yesway plans to construct 28 additional new stores in 2023, the majority of which will be funded using the proceeds of the $190 million in new equity it has raised.
Established in 2015, Yesway is a multi-branded platform headquartered in Fort Worth, Texas, which operates stores located in Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma and Nebraska. Yesway operates its portfolio primarily under two successful brands, Yesway and Allsup’s.