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BNL Q2 Property Dispositions

Broadstone Net Lease (BNL) today announced two property dispositions for Q2: a Mason, OH property tenanted by Sleepcare Diagnostics, and a Cincinnati, OH property tenanted by Rally’s/Checkers. The sale of Sleepcare Diagnostics closed on May 14, 2015, and the sale of Rally’s/Checkers closed on June 29, 2015.

BNL currently owns 271 properties in 32 states.

 

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Broadstone Net Lease REIT Acquires $147.5 million of Property in Q2

Private REIT Has Acquired 43 Properties for $226 million in 2015

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. The company announced second quarter closings of $147.5 million, bringing the year-to-date total for 2015 to $226 million. The REIT acquires free-standing, single-tenant, triple-net leased retail, industrial, and medical facilities, and now owns 273 properties in 32 states. Continue reading

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Stone Point Capital Invests in Broadstone Real Estate, LLC

Broadstone Primed for Growth as Manager of Real Estate Investment Offerings

FOR IMMEDIATE RELEASE

Rochester, NY– As anticipated and previously announced in a press release dated June 1, 2015, Broadstone Real Estate, LLC (BRE) today announced that it has closed on an equity investment commitment from Trident VI, the sixth in a series of private equity funds managed by Stone Point Capital, LLC. Proceeds from the transaction will primarily be used to purchase interests in the two private real estate investment offerings currently managed by BRE, Broadstone Net Lease (BNL) and Broadtree Homes (BTH), thereby substantially increasing management’s equity commitment to the offerings. Continue reading