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Broadstone Net Lease, Inc. REIT Announces 2016 Year-End Results

Private REIT Raised $290+ Million in Equity, Acquired 88 Properties for $518+ Million

ROCHESTER, N.Y.- Broadstone Net Lease, Inc. (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), continues to grow its nationwide portfolio of freestanding, single-tenant, triple-net leased commercial properties. Today, BNL announced fourth quarter acquisitions of $137.8 million, as the REIT acquired 17 properties in eight transactions. In aggregate for 2016, BNL acquired 88 properties via 22 distinct transactions for $518.8 million, collected 100% of potential rental income, and completed strategic dispositions of nine properties totaling $39.5 million. Continue reading