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Broadstone Net Lease

“Our consistent results are due in part to our selection of credit-worthy tenants with demonstrated operating history in businesses that are typically recession resistant.”

–Norm Leenhouts, Chief Investment Officer

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 Women’s Business 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 over 860 accredited investors who have collectively invested more than $420 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 $22 million worth of shares in the REIT.

ADT_Rochester 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.

Investment Strategy

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.

Broadstone Net Lease REIT investment strategy and acquisition criteria:

  • Property Type: Single Tenant Absolute Triple Net
  • Industry Type: Medical Office, Office, Industrial, Restaurants & C-Stores
  • Price Range: $5 million to $50 million
  • Long term leases (none maturing until 2020) with contractual rent increases

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Portfolio and Acquisitions

BNL Property Map

  • 210 net leased properties in 31 states with 61 tenants, diversified by industry
  • Approximately $900 million in total assets (market value)
  • Tenants include well-known retail, industrial and medical brands
  • Long-term leases – average remaining lease term of approximately 14 years

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Performance

NetLease-Performance-icon

  • 6.7% Annualized Distribution (based on current share price as of 8/1/2014)– paid monthly, covered by BNL’s Funds From Operations (FFO)
  • Determined share value has increased 11 times since inception, from $50 to $70*
  • Annual distribution per share has increased 6 times since inception, from $3.50 to $4.68**

Past performance does not guarantee future results.  All performance data is net of fees and expenses.  Please view an important list of disclosures and risk factors.
*View explanation of how DSV is calculated.
**Annual distribution per share is not guaranteed and is determined at the discretion of the Broadstone Net Lease, Inc. Board of Directors.

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Property Map

Broadstone owns a wide range of commercial, retail, medical and industrial properties throughout the United States.

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Broadstone Net Lease Board of Directors

Amy Tait – Chairman, CEO & President

Norman Leenhouts – Director & Chief Investment Officer

Geoff Rosenberger – Lead Independent Director

Shekar Narasimhan – Independent Director

James Watters – Independent Director

David Jacobstein – Independent Director

Mary Beth McCormick – Independent Director

 

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