Broadstone Net Lease has acquired a Michigan-based portfolio of nine Art Van Furniture properties, held under a 20-year master lease. Founded in 1959 in Detroit, Michigan, Art Van Furniture is a leading furniture and mattress retailer in the US, with more than 100 stores in five Midwestern states. The portfolio was acquired via a sale leaseback transaction.
Broadtree Residential has acquired a fully-occupied portfolio of 14 single family rental homes in suburban Atlanta, GA. The homes were acquired for a total purchase price of approximately $1.4 million. Continue reading