News

BNL Acquisition: Pediatrics Plus

Broadstone Net Lease has acquired three Arkansas properties tenanted by Pediatrics Plus, which provides a variety of specialized healthcare and educational services for children with developmental delays and special needs.

  • Closing Date: December 31, 2014
  • Square Footage: 72,200
  • Lease Type: Triple-net
  • Lease Length: 15 Years
  • Rent Increases: 2.20% annually
  • Broker/source: Jeff Matulis, Stan Johnson Co.

Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).

News

Broadstone Net Lease REIT Recasts and Increases Credit Facility

Private REIT Has Access to More Than $585 Million in Unsecured Debt

ROCHESTER, N.Y. – On Tuesday, December 23, 2014, Broadstone Net Lease (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate (Broadstone), completed an expansion of its multi-bank, unsecured credit facility, which first closed in October 2012, and was previously recast in June 2014. BNL exercised the facility’s full accordion provision of $185 million, and expanded it to $400 million. Continue reading

News

BNL Acquisition: Hal Leonard

Broadstone Net Lease has acquired three properties in Winona, Minnesota and Milwaukee, Wisconsin tenanted by Hal Leonard, the world’s largest publisher of sheet music and instructional products for musicians.

  • Closing Date: December 30, 2014
  • Square Footage: 314,354
  • Lease Type: Triple-net
  • Lease Lengths: 12 to 15 Years
  • Rent Increases: 2.00% annually
  • Broker/source: Andy Sandquist, CB Richard Ellis

Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).

News

Broadtree Homes Acquires 24 Additional Single-Family Rental Homes in Atlanta; Seeks Further Investment Opportunities

– Private Investment Offering has Acquired 202 Atlanta Properties–

ROCHESTER, N.Y. – Broadtree Homes (Broadtree), a private real estate investment offering managed by Broadstone Real Estate, LLC (Broadstone), has acquired an additional 24 Single-Family Rental (SFR) homes from The Dominion Group (Dominion) for a total purchase price of approximately $2 million. The transaction closed on Monday, December 22nd, and brings Broadtree’s Atlanta-area SFR holdings to 202 homes. Broadtree anticipates the closing of one additional home before year end, which would bring its Atlanta-area SFR holdings to 203, and the overall portfolio to 300 homes across four markets. Broadtree’s Acquisitions team seeks to acquire additional stabilized portfolios in Atlanta and elsewhere throughout the United States. Continue reading

News

BNL Acquisition: Northstar Surgical Center

Broadstone Net Lease has acquired the Northstar Surgical Center in Lubbock, Texas. The property is located within a 60 acre medical development which serves the Lubbock community, also home to Texas Tech University.

Northstar Surgical Center

  • Closing Date: December 12, 2014
  • Square Footage: 22,835
  • Lease Type: Triple-net
  • Lease Length: 12 Years
  • Rent Increases: 2.83% annually
  • Broker/source: Chris Stai, Brown Gibbons Lang

Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).

News

Video from REIT.com: “Broadstone Real Estate CEO Expects Capital Boost in 2015”

Amy Tait, chairman, president and CEO of Broadstone Real Estate LLC, joined REIT.com for a CEO Spotlight video interview at REITWorld 2014:  NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Amy REITcom interview

 

Click here to watch the video, which covers Broadstone’s capital raising and acquisitions activities during 2014, as well as the companies’ plans in 2015 and beyond.