About Us
Broadstone Net Lease
Continued growth, consistent performance, predictable cash flow and returns to investors through multiple real estate cycles.
Established in 2007, Broadstone (NYSE: BNL) is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. We primarily, and selectively, invest in real estate across industrial and retail property types. We focus on establishing long-standing relationships with creditworthy tenants who occupy properties with strong real estate fundamentals.
Timeline
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2007
Broadstone Net Lease, Inc. (BNL) formed as a Maryland corporation by Leenhouts & Tait families
BNL meets requirements to qualify as a REIT
First closing of private investment offering to outside shareholders on December 31, 2007 -
2008
First distributions paid to shareholders
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2012
Passage of JOBS Act, allowing BNL to have up to 2,000 accredited investors
BNL completes first unsecured multi-bank credit facility, totaling $200M -
2013
BNL closes $185M seven-year term facility
BNL elects 506(c) status, allowing for greater transparency and marketing opportunities -
2014
BNL closes $400M unsecured credit facility, refinance of 2012 multi-bank financing
BNL reaches $1 Billion in total assets -
2015
Stone Point Capital invests in Broadstone Real Estate (BRE)
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2016
Achievement of investment grade credit rating (Baa3 with stable outlook) from Moody’s Investor Service ("Moody's")
BNL crosses the 2,000 shareholder mark and prepares to register with the SEC
In Q4, BNL reaches $2 Billion in assets under management -
2017
Chris Czarnecki becomes CEO, Amy Tait becomes Executive Chairman of the Board
BNL closes its first debt private placement of $150M
BNL files its Form 10, officially becoming a SEC-registered company
BNL closes on an $800M senior unsecured credit facility, the largest capital markets transaction in company history -
2018
BNL closes on its second debt private placement of $325M
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2019
BNL completes its largest portfolio acquisition in history, a $736M industrial portfolio comprised of 23 properties
BNL executes merger agreement with BRE to internalize the external management functions previously performed by BRE and its affiliates -
2020
BNL successfully completes internalization of current executive officers, management, and corporate staff
BNL completes initial public offering, shares begin trading on the New York Stock exchange under the ticker symbol “BNL” -
2021
BNL receives 'BBB' (Stable) Rating from S&P Global Ratings
Established $400M at-the-market common equity offering program ("ATM Program")
Received credit rating upgrade of 'Baa2' with stable outlook from Moody's Investor Service ("Moody's")
BNL closes on $375M inaugural 10-year public bond offering
BNL completes first public follow-on equity offering, issuing 11,500,000 common shares -
2022
BNL amends and restates its Revolving Credit Facility, upsizing to $1 billion
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2023
John Moragne becomes CEO
Leadership
Media Room
03.03.2025
Press Release
Broadstone Net Lease Announces $1.5 Billion of Extended and Increased Credit Facilities
02.19.2025
Press Release
Broadstone Net Lease Announces Fourth Quarter and Full Year 2024 Results
02.18.2025