On behalf of the entire team at Broadstone Real Estate, we send our congratulations to Chairman, President, and CEO Amy Tait on her 2015 ATHENA Award finalist nomination!
We’re proud to hold our headquarters in Rochester, NY, a vibrant community full of inspiration and talent. Congratulations to each of the 2015 nominees. We count ourselves lucky to work alongside each of you.
Private REIT produced 18.4% total return in 20141
ROCHESTER, N.Y. – Broadstone Net Lease (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, continues to grow its national portfolio of triple-net leased properties. On December 31, 2014, the company reached a pivotal milestone of $1 billion of total market capitalization. Acquisitions for all of 2014 totaled nearly $250 million, including $127 million closed in the fourth quarter. BNL acquired 48 properties in 15 separate transactions during 2014, and now owns 231 properties in 32 states.
“Following a highly competitive acquisitions market during most of 2014, the environment improved significantly during the fourth quarter. Broadstone Net Lease is in a great position to continue its accelerated pace of growth, as we enter 2015 with a robust acquisitions pipeline and solid balance sheet,” commented Broadstone’s Chairman, CEO and President, Amy Tait. “We would not have been able to achieve the $1 billion milestone without the continued support of our shareholders and our lenders.” Continue reading
Broadstone Net Lease has acquired a newly constructed expansion building tenanted by American Roller in Union Grove, Wisconsin. In 2012, BNL originally did a portfolio sale-leaseback with American Roller, which included five buildings for an acquisition price of $8.0 million. BNL’s acquisition of the expanded nearly 60,000 sq. ft. manufacturing facility represents a new model and opportunity for BNL– to assist existing tenants with capital expansion and growth.
Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).
Broadstone Net Lease has acquired one property tenanted by Metro Health, located in Hudsonville, Michigan. Metro Health is an independent, integrated health care system serving West Michigan.
Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).