ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (BNL) announced today that it is actively monitoring and assessing the impact of Hurricane and Tropical Storm Harvey on its properties located in Texas and along the Gulf Coast. Although the disruption to daily business and communication caused by the storm has been severe, BNL’s portfolio management team has been able to communicate with many of BNL’s tenants in the affected areas. Preliminary reports from those tenants indicate that BNL’s properties have generally suffered no or minor damage. As the storm is ongoing and the full impact is unknown, we will provide additional information or updates in the event of a material change.
“Our thoughts are with all of the people and communities impacted by this storm, including our friends, tenants, family, and co-workers in Texas and along the Gulf Coast,” stated Chris Czarnecki, Chief Executive Officer of BNL. “In the coming weeks, our portfolio management team will continue to assess the state of our properties and work with our tenants to develop a complete understanding of any potential impacts from the storm.”
About Broadstone Net Lease, Inc.
Broadstone Net Lease (BNL) invests in freestanding, single-tenant, triple-net leased properties located throughout the United States, primarily via sale and leaseback transactions. With a diversified portfolio of over 459 healthcare, industrial and retail properties in 37 states, the REIT targets individual or portfolio acquisitions within the $10 million to $200+ million range.
There are currently more than 2,000 shareholders in BNL, which is externally managed by Broadstone Real Estate, LLC. BNL remains open for new investment by accredited investors on a monthly basis, with a minimum investment of $500,000. Shares are offered directly by Broadstone via private placement. Please see certain important disclosures regarding BNL at broadstone.com/disclosures.
For more information on BNL, please visit our website at www.broadstone.com
Forward Looking Statements
This press release contains forward-looking statements under the federal securities laws. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. For additional disclosure regarding these and other risks faced by the company, see the disclosures contained in our public filings with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.