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Broadstone Real Estate Access Fund

BDREX

Broadstone Real Estate Access Fund (“BDREX” or the “Fund”) is a continuously offered, closed-end interval fund registered under the Investment Company Act of 1940 that deploys investor capital into a diversified pool of actively managed real estate holdings. Also known as an interval fund, this structure blends investments in direct, individual real estate transactions; private real estate funds; and public real estate securities. In turn, investors may benefit from the access and diversification afforded by the Fund, along with quarterly liquidity and daily pricing features.

Fund Objective

BDREX seeks to deliver total return on behalf of investors via the Fund’s generation of current income and appreciation of capital, while offering low correlation to the public equity markets and low-to-moderate volatility.
There is no guarantee the Fund will achieve its objectives, generate profits, or avoid losses.

About BDREX

Distributions

The Fund targets a 5% annualized distribution.1

Daily Pricing

The Fund’s NAV is calculated and posted on a daily basis.

Simple Tax Reporting

Investors receive a 1099.

Quarterly Liquidity

Investors may redeem a stated portion of outstanding shares on a quarterly basis.2

Dividend Reinvestment

DRIP program available (automatic enrollment, but investors may opt out).
Fund Information I Shares W Shares
Ticker BDREX BDRWX
CUSIP 11135A201 11135A102
Inception Date 10.04.18 10.04.18
Dividend Frequency Quarterly Quarterly
Min. Initial Investment $1,000,000 $2,500
Sales Load None None

1Target annualized distribution is measured at the Fund level and is not equal to actual returns for an investor. As portfolio and market conditions change, distributions will vary and target annualized distribution may not be obtained in the future. Dividends are not guaranteed and a company’s future abilities to pay dividends may be limited. Portions of the distributions that the Fund makes may be a return of the money that shareholders originally invested and represent a return of capital to shareholders for tax purposes.

2The number of shares that the Fund will offer to repurchase will be determined by the Board of Directors on a quarterly basis and is anticipated to be 5%. Redemptions within 90 days of purchase may be subject to a fee. There is no guarantee that an investor will be able to sell all the shares that the investor desires to sell in any repurchase offer. See the prospectus for more details.

Investment Strategy

While other real estate funds may only offer real estate exposure via public securities and/or private offerings, BDREX delivers a true differentiator for investor portfolios: direct real estate exposure. The Broadstone team has underwritten and transacted upon billions of dollars of direct real estate transactions across commercial (medical, retail, industrial, specialty office) and residential (multifamily, student housing, and other residential) property types, and currently manages two privately offered real estate investment trusts (REITs), in addition to BDREX.

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Performance

BDREX publishes daily net assets value (NAV) and performance values.
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Portfolio Management & Advisers

Kate Davis – President & Portfolio Manager

Broadstone Asset Management, LLC – Adviser

Heitman Real Estate Securities, LLC – Sub-adviser

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Materials & Documents

BDREX marketing materials, investor documents, prospectuses, and filings are available for download.

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