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Broadtree Residential, Inc. Acquires $137.5 Million Multifamily Portfolio via UPREIT Transaction

Private REIT Adds Three-Property, 633-Unit Portfolio, Seeks Additional Multifamily Acquisitions

ROCHESTER, N.Y. – Broadtree Residential, Inc. (“Broadtree”, “BTR”, or the “REIT”), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), today announced the $137.5 million acquisition of three Class A multifamily apartment communities from affiliates of Chesapeake Realty Partners (CRP) in Broadtree’s inaugural UPREIT transaction. Continue reading

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Broadstone Net Lease, Inc. Announces Increase in New Equity Cap to $20 Million for July 2018 Closing

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,” ”we,” “our,” or ”us”), a privately offered real estate investment trust (“REIT”) managed by Broadstone Real Estate, LLC (“Broadstone”), today announced a $5 million increase in the new equity cap on new and additional investments in shares of its common stock to $20 million for the closing that is scheduled to occur on July 31, 2018. Continue reading

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Broadstone Net Lease, Inc. Announces Completion of $325 Million Private Notes Offering

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,”” we,” or ”us”), a privately offered real estate investment trust (“REIT”) managed by Broadstone Real Estate, LLC (“Broadstone”), today announced the July 2, 2018 closing of its second debt private placement pursuant to which BNL’s operating company, Broadstone Net Lease, LLC, will issue an aggregate principal amount of $325 million of unsecured, fixed-rate, interest-only senior notes (the “Senior Notes”), which will be guaranteed by BNL. Continue reading