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Broadstone Net Lease REIT Acquires 19 Properties for $52.6 Million

Private REIT Now Owns 211 Properties in 31 States

ROCHESTER, N.Y. –Broadstone Net Lease (BNL,) a private Real Estate Investment Trust (REIT) managed by Broadstone Real Estate, LLC, continues to build the size, diversification, and quality of its net leased portfolio.  Today, the REIT announced that it has acquired 19 properties for more than $52.6 million thus far in 2014, and now has a total market capitalization of more than $800 million.

The acquisitions included a portfolio of 16 Wendy’s restaurants in four states, a Golden Corral restaurant in Lexington, KY, a Shemin Landscape Supply location in Greenwich, CT and an industrial facility of the Port City Group located in Norton Shores, MI.  The REIT has also selectively sold properties this year, totaling more than $13.5 million.  In total, Broadstone Net Lease has increased its holdings to 211 properties in 31 states.

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Broadstone.com Wins 1st Place (Real Estate Category) in RBJ’s “Best of the Web”

We are proud to announce that Broadstone.com has been selected as the Rochester Business Journal’s 2014 “Best of the Web” winner for the “Real Estate and Construction” category.

We’d like to thank our partners at Butler/Till, Form Collective and Cypress North for all of their help and hard work!

Click here to see the entire list of winners.

Best of the Web