Broad Street Realty Inc. (BRST)

[Enterprising Investor]

Gary Marino, Bennett Marks and Harvey Polly have all spent time in senior executive positions at various regional/short line railroads.

I do not know any of these people personally, but I have condensed their histories from the latest 10-K.

Marino has served as chairman, president and CEO of Patriot Rail Corp., an owner and operator of short line and regional railroads, since 2005. He held the same positions at RailAmerica, Inc. (NYSE:RRA), a company he founded in 1985, until his retirement in 2004. Marino also has VC experience - as he served as chairman, president and CEO of Boca Raton Capital Corporation, a publicly owned venture capital investment company. Prior to that he spent more than fifteen years in commercial banking in New York as a senior loan officer and was also president and CEO of two small business investment companies (SBICs), as well as president of a Florida-based commercial bank. He has also served on the board of directors of the American Association of Railroads.

Bennett Marks has been executive vice president and CFO of Patriot Rail Corp., an owner and operator of short line and regional railroads, since 2005. He has served as EVP and CFO of six publicly-held and privately-owned companies in the transportation, healthcare, manufacturing, distribution and telecommunications industries. While CFO at RailAmerica, Inc. (NYSE:RRA), he developed and implemented the financial framework of the company as revenues grew from $130 million to $450 million.

Harvey J. Polly has been a principal shareholder, director and COO of various short line railroads and The Hanover Bank of Florida, and a principal and the president of Helena Rubinstein, an international cosmetics company.

RailAmerica
http://www.railamerica.com/home.aspx

RailAmerica bought Texas-based RailTex in 1999. RailTex was very well run. It's CEO was spotlighted in Inc. Magazine, February 1993 "The Continuously Improving CEO,". These railroads fill a need that the larger firms no longer can afford to provide due to work rules. I am sure that maintenance and construction functions will be outsourced more in the future due to similar reasons.