PRINT

Broadstone Net Lease

BNL
Broadstone Net Lease is a publicly reporting, privately offered Real Estate Investment Trust (REIT) that acquires and holds freestanding, single-tenant, net-leased properties. It is focused on generating predictable, tax-sheltered cash flow and attractive total return for Shareholders. The REIT is externally managed by Broadstone Real Estate, LLC, and has no direct employees.

Founded by the Leenhouts and Tait families, who previously founded Home Properties*, a multifamily apartment REIT which went public in 1994 and operated as such until the company’s acquisition for $7.6 billion in October, 2015, Broadstone Net Lease began admitting outside shareholders on December 31, 2007. Today, there are 3,650+ investors whose shares are collectively worth more than $1.5 billion, including the contribution of more than $104 million of properties to the REIT through UPREIT transactions. Since inception, share price has increased from $50 to $85, and distributions have grown from $3.50 to $5.28 per share.

Sportech

*Broadstone Real Estate, its principals and affiliated REITs are not currently affiliated with Home Properties

Dispositions

Net-leased properties currently listed for sale

for Acquisitions, click here.

Portfolio & Acquisitions

Broadstone Net Lease portfolio

  • 662 net-leased properties in 42 states and Canada with 187 tenants and 171 brands, diversified by geography and industry
  • More than $4.4 billion in total assets (market value)
  • Tenants include well-known retail, industrial, healthcare, and office brands
  • Long-term leases (weighted average remaining lease term of 11.7 years) with contractual rent increases

Read more…