Blog

A Case for Yield

“Yield…I don’t need no stinkin’ yield.”

Or do you?

I spend my days speaking with wealth advisers, trust officers, clients, prospects and shareholders. It’s a fulfilling job that, along with my incredible team, I tackle with enthusiasm each day. Since my arrival at Broadstone nearly 3 years ago, there has been one common and resounding theme in my discussions: there is no yield to be found in the fixed income marketplace. None. Nada. Nil.

Well, not quite none, but with a 1-yr CD at 0.23% and the 5-year treasury at 1.329% yield, we might as well be speaking about nada. Consider that the average pace of inflation over the past 50 years has been 4.0%.  Even in the past 10 years when inflation ran at a measly 2.1% per year, those rates are terrible. You’re barely staying afloat once inflation adjusted returns are calculated on those yields. And clients need income. So what is an investor to do? Continue reading

News

Broadstone Real Estate CEO Amy Tait Wins 2015 ATHENA Award

Broadstone Real Estate, LLC (BRE) today announced that Chairman, President, and CEO Amy Tait has been honored as the recipient of the 29th annual ATHENA Award. Sponsored by the Women’s Council, an affiliate of Rochester Business Alliance, the ATHENA Award recognizes exemplary professional women committed to leadership, community service, economic and philanthropic development, as well as the advancement of other professional women. Ms. Tait was selected from a pool of ten highly accomplished finalists. Continue reading

News

Broadstone CEO Amy Tait Finalist for ATHENA Award

On behalf of the entire team at Broadstone Real Estate, we send our congratulations to Chairman, President, and CEO Amy Tait on her 2015 ATHENA Award finalist nomination!

We’re proud to hold our headquarters in Rochester, NY, a vibrant community full of inspiration and talent. Congratulations to each of the 2015 nominees. We count ourselves lucky to work alongside each of you.

Amy Tait 2015 Athena Award

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News

Broadstone Net Lease REIT Surpasses $1 Billion in Total Market Capitalization

Private REIT produced 18.4% total return in 20141

ROCHESTER, N.Y. – Broadstone Net Lease (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, continues to grow its national portfolio of triple-net leased properties. On December 31, 2014, the company reached a pivotal milestone of $1 billion of total market capitalization. Acquisitions for all of 2014 totaled nearly $250 million, including $127 million closed in the fourth quarter. BNL acquired 48 properties in 15 separate transactions during 2014, and now owns 231 properties in 32 states.

“Following a highly competitive acquisitions market during most of 2014, the environment improved significantly during the fourth quarter. Broadstone Net Lease is in a great position to continue its accelerated pace of growth, as we enter 2015 with a robust acquisitions pipeline and solid balance sheet,” commented Broadstone’s Chairman, CEO and President, Amy Tait. “We would not have been able to achieve the $1 billion milestone without the continued support of our shareholders and our lenders.” Continue reading

News

BNL Acquisition: American Roller

Broadstone Net Lease has acquired a newly constructed expansion building tenanted by American Roller in Union Grove, Wisconsin. In 2012, BNL originally did a portfolio sale-leaseback with American Roller, which included five buildings for an acquisition price of $8.0 million. BNL’s acquisition of the expanded nearly 60,000 sq. ft. manufacturing facility represents a new model and opportunity for BNL– to assist existing tenants with capital expansion and growth.

  • Closing Date: January 9, 2015
  • Square Footage: 52,488
  • Lease Type: Triple-net
  • Lease Length: 16 Years
  • Rent Increases: CPI
  • 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 featured in Rochester Business Journal

The continued growth of Broadtree Homes was recently featured in the Rochester Business Journal. The article, which can be viewed here, discusses Broadtree’s portfolio expansion and growth in four key markets: Rochester, NY, Minneapolis, MN, Atlanta, GA, and Palm Beach County, FL. As of January 1st, 2015, Broadtree owns 300 single-family homes across the United States. Continue reading

News

BNL Acquisition: Metro Health

Broadstone Net Lease has acquired one property tenanted by Metro Health, located in Hudsonville, Michigan. Metro Health is an independent, integrated health care system serving West Michigan.

  • Closing Date: January 6, 2015
  • Square Footage: 11,493
  • Lease Type: Triple-net
  • Lease Length: 12 Years
  • Rent Increases: 2.50% annually
  • Broker/source: Seth Haron, Marcus & Millichap

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).