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