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Broadstone Net Lease, Inc. Announces Suspension of Ongoing Private Offering and Termination of Share Redemption Program and Distribution Reinvestment Plan

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL”) today announced its determination to suspend until further notice its ongoing private offering of shares of its common stock, par value of $0.001 per share (the “Ongoing Private Offering”). If BNL determines to reinstate the Ongoing Private Offering, BNL currently intends to file a Current Report on Form 8-K at such time. Continue reading

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Broadstone Real Estate Access Fund Announces Q4 2019 Shareholder Distribution

ROCHESTER, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940, today announced a quarterly distribution of $.385 per share for Class I and $.378 for Class W. This equates to an annualized distribution rate[1] of 14.6% for Class I shares and 14.3% for Class W shares. Continue reading

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Broadstone Net Lease, Inc. Reports 2019 Third Quarter Performance

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,” ”we,” or ”us”), a privately offered real estate investment trust (“REIT”), today announced operating results for the quarter and nine months ended September 30, 2019. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise.

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Broadstone Net Lease, Inc. Announces Agreement to Internalize Management

Substantial cost savings anticipated to be in excess of $25 million in the first year

Simplified structure with greater alignment between shareholders and management

Continued leadership by management with a track record of profitable growth

ROCHESTER, N.Y. — Broadstone Net Lease, Inc. (“BNL”) today announced that it has entered into a definitive agreement providing for the internalization of the external management functions currently performed for BNL by Broadstone Real Estate, LLC (the “Manager”) and its affiliates through a series of transactions involving the acquisition of the Manager by BNL’s operating company, Broadstone Net Lease, LLC (the “Operating Company”) (such transactions, the “Internalization”), which will result in BNL becoming internally managed. Continue reading

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Broadstone Real Estate Access Fund Announces Q3 2019 Shareholder Distribution

ROCHESTER, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940, today announced a quarterly distribution of $0.2350 per share for Class I and $0.2275 for Class W. This equates to an annualized distribution rate[1] of 8.7% for Class I shares and 8.4% for Class W shares. Continue reading

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Broadtree Residential, Inc. Acquires 296-Unit Multifamily Community in Sandy Springs, GA

Private Multifamily Fund Adds ‘Aspire Perimeter’ to Portfolio

 ROCHESTER, N.Y.Broadtree Residential, Inc. (“Broadtree”, “BTR” or the “Fund”), an open-ended, continuously offered, multifamily fund managed by Broadstone Real Estate, LLC (“Broadstone”), today announced the acquisition of Aspire Perimeter, a 296-unit multifamily apartment community in Sandy Springs, GA, which is part of the Atlanta metro. Continue reading

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Broadtree Residential, Inc. Acquires 268-Unit Multifamily Community in Pensacola, FL

Private Multifamily Fund Adds ‘West Woods Haven’ to Portfolio via UPREIT Transaction

ROCHESTER, N.Y.Broadtree Residential, Inc. (“Broadtree”, “BTR” or the “Fund”), an open-ended, continuously offered, multifamily fund managed by Broadstone Real Estate, LLC (“Broadstone”), today announced the acquisition of West Woods Haven, a Class A, 268-unit multifamily apartment community in Pensacola, FL. Continue reading