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


Broadstone Announces Organizational Changes and Staff Promotions

Real Asset Funds

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

ROCHESTER, 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


Is Your Portfolio Truly Diversified?

Diversified Portfolio

Investing 101 teaches us that portfolios should include a variety of diverse assets, in order to protect from downside risk and to lower volatility.  Frequently, investors are instructed to include a mix of US equities, foreign equities (both emerging and developed markets), investment grade bonds, and high yield bonds in their portfolios.  However, the effectiveness of this diversification strategy varies, depending on the correlation among constituent assets.  Continue reading


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


Broadstone Announces the Death of Co-Founder Norman Leenhouts


ROCHESTER, N.Y.- Broadstone Real Estate, LLC (Broadstone), with profound sadness, today announced the passing of co-founder and senior advisor Norman Leenhouts, known to his colleagues and friends affectionately as “Norm”. Norm passed away peacefully in his home with family by his side on Saturday, January 7, at the age of 81.

“My father will best be remembered by his entrepreneurial spirit, humble generosity, kind heart, and brilliant mind. It was an honor and remarkable experience for me to be able to work with him for over three decades,” said his daughter, Amy Tait, Chairman and CEO. “His legacy will live on with the many, many people that he has mentored and influenced in his lifetime.” Continue reading