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Broadstone Net Lease Provides Update on Impact of Hurricane Harvey

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (BNL) announced today that it is actively monitoring and assessing the impact of Hurricane and Tropical Storm Harvey on its properties located in Texas and along the Gulf Coast. Although the disruption to daily business and communication caused by the storm has been severe, BNL’s portfolio management team has been able to communicate with many of BNL’s tenants in the affected areas. Preliminary reports from those tenants indicate that BNL’s properties have generally suffered no or minor damage. Continue reading

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Broadstone Net Lease Second Quarter 2017 Operating Results

Dear Shareholders – We are pleased to provide you with the results of Broadstone Net Lease, Inc.’s (“BNL,” “we,” “our,” or the “Company”) operations for the second quarter of 2017. As you will note, the format of this earnings release has migrated away from that of our historical quarterly shareholder letter, and will now more closely align with what you may be accustomed to from public reporting companies. Continue reading

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BNL Second Quarter 2017 Operating Results Conference Call

Broadstone Net Lease, Inc. (BNL) will host a conference call to discuss its operating results for the quarter ended June 30, 2017 on Friday, August 11, 2017 at 12:00 p.m. EDT.

To access the live webcast or view a replay after the call, click here. A link to access the webcast and view the replay of the call will also be posted on the Disclosures page of Broadstone.com.

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Broadstone Net Lease, Inc. Closes $800 Million Credit Facility

ROCHESTER, N.Y. – On June 23, 2017, Broadstone Net Lease, Inc. (“BNL”), a diversified triple-net commercial REIT, together with Broadstone Net Lease, LLC (the Operating Company) as borrower, announced it has secured an $800 million unsecured credit facility with a syndicate of leading real estate lenders. The credit facility contains an accordion feature that can increase the facility size up to a total of $1.0 billion, and includes (i) a $400 million senior unsecured revolving credit facility (the “Revolver”), (ii) a five-and-a-half-year, $250 million senior unsecured delayed draw term loan (the “5.5-Year Term Loan”), and (iii) a seven-year, $150 million senior unsecured delayed draw term loan (the “7-Year Term Loan”). Continue reading

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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