News

Broadstone Net Lease, Inc. Reports 2018 Third 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 nine months ended September 30, 2018 (the “Q3 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

News

Broadstone Honored for Eighth Consecutive Year as One of Rochester’s Top 100 Companies

Rochester Top 100

ROCHESTER, N.Y., – Broadstone Real Estate, LLC (Broadstone), a sponsor and manager of diversified real estate investment offerings for investors and institutions seeking income-oriented alternatives to the public equity markets, announced today that the company has been named to the Rochester Chamber Top 100 for the eighth consecutive year. The annual program recognizes the fastest-growing privately held companies in the Greater Rochester region. Continue reading

News

Broadstone Net Lease Provides Update on Impact of Hurricane Michael

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL”) announced today that it has been actively monitoring and assessing the impact of Hurricane Michael on its 19 properties located in Alabama, Florida, Georgia, and South Carolina impacted by the storm,which account for approximately $4.97 million of BNL’s contractual rental revenue over the next twelve months and 707,165 of BNL’s rentable square feet of operational space. Continue reading

News

Broadstone Announces Launch of Broadstone Real Estate Access Fund

Broadstone’s New Interval Fund Now Open for Investment

ROCHESTER, N.Y. – Broadstone Real Estate, LLC (“Broadstone”) today announced the launch of Broadstone Real Estate Access Fund (”BDREX” or the “Fund”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940. The Fund’s registration was declared effective by the Securities and Exchange Commission on October 1, 2018. Continue reading

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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