News

BNL Acquisition: Sportech Portfolio

Broadstone Net Lease has acquired two properties tenanted by Sportech located in Elk River, Minnesota. Sportech is a leading manufacturer of OEM accessories for the powersports industry. The two facilities include the corporate headquarters for Sportech, as well as production and assembly operations. The corporate headquarters/production facility has a long-term lease commitment of 15 years, and the assembly facility carries a 5 year lease. Both properties were acquired via sale-leaseback transactions.

  • Closing Date: March 31, 2015
  • Square Footage: 142,909 combined
  • Lease Type: Triple-net
  • Lease Length:  15 and 5 Years
  • Rent Increases: 2.00% annually
  • Broker/source: Judson Welliver, CBRE

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 Real Estate Named a Top Workplace for 2015

ROCHESTER, NY – Broadstone Real Estate, LLC is pleased to announce that it has been named one of Rochester’s Top Workplaces for 2015. The Rochester’s Top Workplaces award, which is sponsored by the Democrat and Chronicle, a Gannett publication, and conducted by Workplace Dynamics, a leading research firm focused on organizational health and employee engagement, honors select Rochester-area companies and bases its rankings upon employee survey responses related to company leadership, management, communication, ethics, work-life balance, and more. Continue reading

News

BNL Acquisition: Actuant Corporation

Broadstone Net Lease has acquired one property tenanted by Actuant Corporation in Menomonee Falls, Wisconsin. Actuant Corporation is a publicly traded company (NYSE: ATU) that designs, manufactures, and distributes a wide range of industrial products and systems worldwide. The property serves as the headquarters, a distribution center, and a regional warehouse for Power Products LLC, an affiliate of Sentinel Capital Partners L.P., which purchased the electrical segment of Actuant Corporation in 2013.

  • Closing Date: March 26, 2015
  • Square Footage: 310,000
  • Lease Type: Triple-net
  • Lease Length:  9.5 Years
  • Rent Increases: 2.00% annually
  • Broker/source: Bradley Feller, Stan Johnson Company

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

BNL Acquisition: Bowles Fluidics Corporation

Broadstone Net Lease has acquired one property tenanted by Bowles Fluidics Corporation located in Columbia, Maryland. Bowles Fluidics is a market leader in the field of fluid engineering. The company has defined the fluidics industry with contributions to research, engineering, and manufacturing of over 250 patented products. This property serves as the corporate headquarters for Bowles Fluidics, and was acquired via a sale-leaseback transaction.

  • Closing Date: March 24, 2015
  • Square Footage: 88,972
  • Lease Type: Triple-net
  • Lease Length:  15 Years
  • Rent Increases: 2.00% annually
  • Broker/source: Andrew Sandquist, CBRE

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

BNL Acquisition: Applebee’s Portfolio

Broadstone Net Lease has acquired a portfolio of five Applebee’s restaurants with locations across Utah. The properties were acquired via a sale-leaseback transaction, and are operated by William Tell, Inc., a multi-concept operator.

  • Closing Date: March 12, 2015
  • Square Footage: 25,639
  • Lease Type: Triple-net
  • Lease Length:  20 Years
  • Rent Increases: 2.25% annually
  • Broker/source: Robert Hersch, Mastadon Ventures

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

BNL Acquisition: Applebee’s

Broadstone Net Lease has acquired an Applebee’s restaurant in Anderson, South Carolina. This Applebee’s restuarant is operated by Apple Gold Group, one of the original Applebee’s franchisees.

  • Closing Date: March 9, 2015
  • Square Footage: 4,400
  • Lease Type: Triple-net
  • Lease Length:  10 Years
  • Rent Increases: 1.60% annually
  • Broker/source: Webb/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).

Blog

Broadtree Spotlight: 203 Atlanta Homes

In 2014, Broadtree Homes purchased 203 homes from The Dominion Group, a single-family operator based in Baltimore, Maryland. Broadtree completed the acquisition over four closings through the last six months of the year from June 2014 to December 2014. Broadtree gained a presence in a market targeted for its population and household formation growth as well as job creation.

This transformative transaction began in the latter part of 2013 when Broadtree shifted strategic gears of buying homes in singular transactions to buying portfolios of stabilized homes. In addition to seeking a portfolio, Broadtree sought to partner with a group that had vast experience in single-family housing for rent.

Up to that point, Broadtree had acquired 98 homes in singular transactions. For varied reasons, Broadtree had to go through this process to learn how to underwrite successfully and to acquire more complicated deals, such as portfolios, that involved many moving parts.

Continue reading

News

Broadstone Real Estate, LLC Announces Officer Promotions

ROCHESTER, N.Y. – Broadstone Real Estate, the asset manager for two private real estate investment offerings, today announced six recent officer promotions.

“We are thrilled to announce well-deserved officer promotions for six of our team members,” commented Broadstone’s Chairman and CEO Amy Tait. “Broadstone continues to deliver tremendous results for our shareholders, thanks in large part to the strength of our team.” Continue reading