Broadstone Net Lease has acquired a portfolio of three single-tenant, triple-net leased student housing properties located in California, Oregon, and Oklahoma, tenanted by the Alpha Omicron Pi sorority. In aggregate, the properties total 31,935 square feet and contain 104 beds, with an approximate weighted average remaining lease term of 18 years, and 2.00% annual rent escalations.
- Closing Date: August 12, 2016
- Square Footage: 31,935
- Lease Type: Triple-net
- Lease Length: 18 years
- Broker/Source: Brian Pfohl, CBRE
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).