Broadstone Net Lease, Inc. REIT Announces 2016 Year-End Results

Private REIT Raised $290+ Million in Equity, Acquired 88 Properties for $518+ Million

ROCHESTER, N.Y.- Broadstone Net Lease, Inc. (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), continues to grow its nationwide portfolio of freestanding, single-tenant, triple-net leased commercial properties. Today, BNL announced fourth quarter acquisitions of $137.8 million, as the REIT acquired 17 properties in eight transactions. In aggregate for 2016, BNL acquired 88 properties via 22 distinct transactions for $518.8 million, collected 100% of potential rental income, and completed strategic dispositions of nine properties totaling $39.5 million. Continue reading


Broadstone Announces the Death of Co-Founder Norman Leenhouts

ROCHESTER, N.Y.- Broadstone Real Estate, LLC (Broadstone), with profound sadness, today announced the passing of co-founder and senior advisor Norman Leenhouts, known to his colleagues and friends affectionately as “Norm”. Norm passed away peacefully in his home with family by his side on Saturday, January 7, at the age of 81.

“My father will best be remembered by his entrepreneurial spirit, humble generosity, kind heart, and brilliant mind. It was an honor and remarkable experience for me to be able to work with him for over three decades,” said his daughter, Amy Tait, Chairman and CEO. “His legacy will live on with the many, many people that he has mentored and influenced in his lifetime.” Continue reading