Broadstone Net Lease is a private Real Estate Investment Trust (REIT) that focuses on acquiring and holding freestanding, single-tenant, net-leased properties. The REIT is externally managed by Broadstone Real Estate, LLC, a certified Woman Owned Enterprise. It has no direct employees.
Founded by the Leenhouts and Tait families, who previously founded the now publicly traded Home Properties, Inc.,* Broadstone Net Lease admitted its first outside shareholders on December 31, 2007. Today, there are approximately 725 accredited investors who have collectively invested more than $327 million cash and have contributed approximately $50 million of properties to the REIT through UPREIT transactions. Broadstone’s management team and Board of Directors hold more than $19 million worth of shares in the REIT.
Investing with Broadstone incurs no commissions to the investor — therefore, more of your investment can go into buying hard assets that generate real returns. The REIT’s distributions are substantially sheltered from taxable income.
Why triple-net leased properties?
- High return relative to risk level assumed
- Predictable returns due to tenant responsibilities and long term leases
- Opportunity for growth in cash flow and valuation attributable to contractual rent increases
- Ability to access favorable debt financing due to predictable cash flows
- Growth in rent and ownership of real assets helps to hedge against inflation
- Still a very fragmented industry and imperfect market, with opportunities for astute buyers
- Opportunity to add value at time of acquisition through proper negotiation and underwriting
*Broadstone Real Estate, its principals and affiliated REITs are not currently affiliated with Home Properties, Inc.
We focus on buying properties with solid real estate fundamentals and credit-worthy tenants in place. Our leases have long terms to help bridge through various economic cycles, and include contractual rent increases to build cash flow and value over time.
