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Broadstone Net Lease, Inc. Reports 2019 Third Quarter Performance

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,” ”we,” or ”us”), a privately offered real estate investment trust (“REIT”), today announced operating results for the quarter and nine months ended September 30, 2019. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise.

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Broadstone Net Lease, Inc. Announces Agreement to Internalize Management

Substantial cost savings anticipated to be in excess of $25 million in the first year

Simplified structure with greater alignment between shareholders and management

Continued leadership by management with a track record of profitable growth

ROCHESTER, N.Y. — Broadstone Net Lease, Inc. (“BNL”) today announced that it has entered into a definitive agreement providing for the internalization of the external management functions currently performed for BNL by Broadstone Real Estate, LLC (the “Manager”) and its affiliates through a series of transactions involving the acquisition of the Manager by BNL’s operating company, Broadstone Net Lease, LLC (the “Operating Company”) (such transactions, the “Internalization”), which will result in BNL becoming internally managed. Continue reading

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Broadstone Real Estate Access Fund Announces Q3 2019 Shareholder Distribution

ROCHESTER, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940, today announced a quarterly distribution of $0.2350 per share for Class I and $0.2275 for Class W. This equates to an annualized distribution rate[1] of 8.7% for Class I shares and 8.4% for Class W shares. Continue reading

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Broadtree Residential, Inc. Acquires 296-Unit Multifamily Community in Sandy Springs, GA

Private Multifamily Fund Adds ‘Aspire Perimeter’ to Portfolio

 ROCHESTER, N.Y.Broadtree Residential, Inc. (“Broadtree”, “BTR” or the “Fund”), an open-ended, continuously offered, multifamily fund managed by Broadstone Real Estate, LLC (“Broadstone”), today announced the acquisition of Aspire Perimeter, a 296-unit multifamily apartment community in Sandy Springs, GA, which is part of the Atlanta metro. Continue reading

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Broadtree Residential, Inc. Acquires 268-Unit Multifamily Community in Pensacola, FL

Private Multifamily Fund Adds ‘West Woods Haven’ to Portfolio via UPREIT Transaction

ROCHESTER, N.Y.Broadtree Residential, Inc. (“Broadtree”, “BTR” or the “Fund”), an open-ended, continuously offered, multifamily fund managed by Broadstone Real Estate, LLC (“Broadstone”), today announced the acquisition of West Woods Haven, a Class A, 268-unit multifamily apartment community in Pensacola, FL. Continue reading

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Broadstone Net Lease, Inc. Acquires $735.7 million Industrial Portfolio

Transaction is Broadstone Net Lease’s Largest-ever Portfolio Acquisition

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,” “we,” “our,” or ”us”) has announced the acquisition of a portfolio of 23 industrial and office/flex assets that are fully leased and include 6.9 million rentable square feet of operational space for an aggregate purchase price of approximately $735.7 million, excluding capitalized acquisition expenses. The portfolio has a weighted average remaining lease term of approximately 11.5 years and weighted average annual rent increases of approximately 2.2%. Continue reading

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Broadstone Net Lease, Inc. Reports 2019 Second Quarter Performance

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 filed with the Securities and Exchange Commission (“SEC”) its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2019 (the “Q2 2019 10-Q”), which is available free of charge on the SEC’s public website and on our website at: http://investors.bnl.broadstone.com.

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Broadstone Real Estate Access Fund Announces Q2 2019 Shareholder Distribution

ROCHESTER, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940, today announced a quarterly distribution of $0.14 per share for Class I and Class W. This equates to an annualized distribution rate[1] of 5.23% for the Class I and Class W shares.  Continue reading