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Broadtree Residential, Inc. Expands Revolving Line of Credit to $300 Million

ROCHESTER, N.Y. – Broadtree Residential, Inc. (“Broadtree”), a private real estate investment trust (“REIT”) managed by Broadstone Real Estate, LLC (“Broadstone”), together with Broadtree Residential, LLC as borrower, announced the expansion of its existing senior secured revolving line of credit (the “Revolver”) from $100 million to $300 million. The company also amended the agreement to increase the remaining accordion feature, allowing for future expansion up to $500 million of total borrowing capacity. Continue reading

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Broadstone Net Lease, Inc. Reports 2018 Second Quarter Operating Results

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, 2018 (the “Q2 2018 10-Q”), which is available free of charge on the SEC’s public website and on our website at:  http://investors.bnl.broadstone.com. Continue reading

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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

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Broadstone Net Lease, Inc. Bolsters Acquisitions Team with Two Regional Vice Presidents

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (BNL), a privately offered real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), today announced the addition of Greg Lang and Sean Hostert each as Vice President, Acquisitions of the Commercial Division. At BNL, Greg and Sean will cultivate new relationships with brokers and prospective sellers, and identify, analyze, and acquire single tenant commercial real estate opportunities. Continue reading

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Broadstone Net Lease, Inc. Reports 2018 First Quarter Operating Results

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 its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 (the “Q1 2018 10-Q”), which is available free of charge on the public website of the Securities and Exchange Commission (“SEC”) and on our website at http://investors.bnl.broadstone.com. Continue reading

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Broadtree Residential, Inc. Secures $100 Million Revolving Line of Credit with JPMorgan Chase

ROCHESTER, N.Y. – Broadtree Residential, Inc. (Broadtree), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), together with Broadtree Residential, LLC (the Operating Company) as borrower, announced it has obtained a $100 million senior secured revolving line of credit (the “Revolver”) with JPMorgan Chase. Continue reading