Approximately $1.1 Billion of Acquisitions and Dispositions Activity
Approximately $307.9 Million of Equity Investment
ROCHESTER, N.Y. — Broadstone Net Lease, Inc. (“BNL,” “we,” “our,” or “us”) has announced record acquisition, disposition, and equity raise activity during 2019. Through September 30, 2019, BNL has: Continue reading
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
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
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
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
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.
ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,”” we,” or ”us”) today announced that there will be no cap on new and additional investments in shares of its common stock for the equity closing that is scheduled to occur on July 31, 2019. The cap for July 2019 was previously set at $20 million. Continue reading
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
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 months ended March 31, 2019 (the “Q1 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.
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 $0.15 per share for Class I and $.1435 for Class W. This equates to annualized distribution[1] rates of 5.73% and 5.48%, for the Class I and Class W shares, respectively. Continue reading
