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Broadstone Net Lease Acquires 25 Bob Evans Restaurant Properties for $48.9 Million

Private REIT Now Owns 449 Properties in 37 States

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), continues to grow its national portfolio of triple-net leased commercial properties. Today, BNL announced the sale leaseback acquisition of a portfolio of 25 Bob Evans Restaurant locations in eight states, for a total purchase price of approximately $48.9 million. Continue reading

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BNL Property Dispositions

Broadstone Net Lease (BNL) today announced two property dispositions: the sale of a property tenanted by International Eye Care, located in Houston, TX, which closed on April 21, 2017; and the sale of a property tenanted by Express Oil, located in Birmingham, AL, which closed on May 11, 2017.

BNL currently owns 449 properties in 37 states.

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Broadstone Named a Top Workplace for 2017

The Rochester Democrat and Chronicle Names Broadstone Real Estate, LLC a Winner of the Rochester Metro Area 2017 Top Workplaces Award

ROCHESTER, N.Y.- Broadstone Real Estate, LLC (Broadstone, BRE) today announced that the company has been recognized as a 2017 Top Workplace by the Rochester Democrat & Chronicle. The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. For this year’s survey, several aspects of workplace culture were measured, including alignment, execution, and connection. Amy Tait, Broadstone’s Executive Chairman and Chief Investment Officer, also received the leadership award for the category in which Broadstone was nominated. Continue reading

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BNL Property Acquisition: Art Van Furniture Portfolio

Broadstone Net Lease has acquired a Michigan-based portfolio of nine Art Van Furniture properties, held under a 20-year master lease. Founded in 1959 in Detroit, Michigan, Art Van Furniture is a leading furniture and mattress retailer in the US, with more than 100 stores in five Midwestern states. The portfolio was acquired via a sale leaseback transaction.

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Broadstone Net Lease, Inc. Announces Pricing of $150 Million Private Notes Placement

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), today announced that it has received commitments to purchase an aggregate principal amount of $150 million of senior unsecured notes (Notes) to be issued by BNL’s operating company, Broadstone Net Lease, LLC, and guaranteed by BNL. Continue reading

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Broadstone Announces Organizational Changes and Staff Promotions

Amy L. Tait Assumes Role of Executive Chairman and Chief Investment Officer, Christopher J. Czarnecki Appointed Chief Executive Officer

Amy TaitCzarnecki_portraitROCHESTER, N.Y.- Broadstone Real Estate, LLC (Broadstone, BRE) today announced numerous organizational changes and promotions of key personnel. The changes are effective immediately, and have been approved by the company’s Board of Managers, along with the Boards of Directors of the two private real estate investment trusts (REITs) sponsored and managed by the firm, Broadstone Net Lease, Inc. (BNL) and Broadtree Residential, Inc. (BTR).  Continue reading

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Broadstone Net Lease, Inc. REIT Announces 2016 Year-End Results

Private REIT Raised $290+ Million in Equity, Acquired 88 Properties for $518+ Million

ROCHESTER, N.Y.- Broadstone Net Lease, Inc. (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), continues to grow its nationwide portfolio of freestanding, single-tenant, triple-net leased commercial properties. Today, BNL announced fourth quarter acquisitions of $137.8 million, as the REIT acquired 17 properties in eight transactions. In aggregate for 2016, BNL acquired 88 properties via 22 distinct transactions for $518.8 million, collected 100% of potential rental income, and completed strategic dispositions of nine properties totaling $39.5 million. Continue reading