News

Broadstone to Exhibit at World Money Show 2014; CEO Amy Tait to Speak

Broadstone Real Estate will be an exhibitor at the World Money Show 2014, which takes place in Orlando, Florida from January 29th through February 1st, 2014.  Stop by and visit Dave Kasprzak (VP, Investor Relations) and Chris Brodhead (Director, Investor Relations) at booth #218.

At 2:15 on Thursday, January 20th, Broadstone Chairman and CEO Amy Tait will be interviewed by author and REIT expert Brad Thomas on the topic of “The Emerging Single Family Home Investment Market.”  The discussion will take place in the “Tampa Room.”

See you there!

News

Surge in Acquisitions for Broadstone Net Lease: Q4 and FY2013 Recap

ROCHESTER, N.Y. – Broadstone Real Estate, LLC continues to grow its nationwide portfolio of triple-net leased properties. The company announced today that Broadstone Net Lease (BNL), its private Real Estate Investment Trust (REIT), acquired 41 properties during 2013 at a combined purchase price of over $188 million. The BNL portfolio now has a total market capitalization of over $750 million.

Nearly half of the acquisition volume during the past year took place in the fourth quarter, when BNL acquired 20 properties for more than $102 million. The acquisitions included medical facilities in Virginia and Alabama, retail automotive properties in California, a portfolio of eight wholesale landscape supply properties in six states, and industrial facilities in Illinois, Michigan and Colorado. The largest 4th quarter acquisition was the 165,000 square foot Johnstown, Colorado facility of Fiberspar, a subsidiary of National Oilwell Varco, which manufactures flexible, corrosion-resistant piping for the oil and gas industry. The REIT also selectively sold properties totaling approximately $20 million during the year. In total, Broadstone Net Lease increased its net holdings to 203 properties in 29 states.

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