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BNL Acquisition: Arkansas Surgical Hospital

Broadstone Net Lease has acquired a property tenanted by Arkansas Surgical Hospital (ASH) via an UPREIT transaction, (where “UPREIT” stands for Umbrella Partnership REIT). UPREIT transactions provide a tax deferred exit strategy for owners of real estate who would otherwise recognize a significant taxable gain in a cash sale of a highly appreciated property with a low tax basis. Continue reading

News

Broadstone Net Lease REIT Closes on $375 Million Term Note

Private REIT Now Has $960 Million of Unsecured Debt Capacity

ROCHESTER, NY– Broadstone Real Estate, LLC announced that Broadstone Net Lease, Inc. (BNL) has closed on a new $375 million, delayed-draw term note that is being funded by a syndicate of eight commercial banks. The facility was initially launched at $300 million, but received commitments well in excess of that target. The company ultimately scaled back commitments to a $375 million final close.  The facility closed today, November 6, 2015.   Continue reading