Timeline

• 2007

  Broadstone Net Lease, Inc. (BNL) formed as a Maryland corporation by Leenhouts & Tait families

  BNL meets requirements to quality as a REIT First closing of private investment offering to outside shareholders on December 31, 2007

• 2008

  First distributions paid to shareholders

• 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, a rarity in the REIT space

  BNL completes first unsecured multi-bank credit facility, totaling $200M

• 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)

• 2016

  Achievement of investment grade credit rating (Baa3 with stable outlook) from Moody’s Investor Services

  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

  BRE completes a dividend recap and reduces investment in BNL

• 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 confidentially submits draft of S-11 registration statement with SEC in anticipation of planned IPO

  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”