Broadstone Net Lease is a publicly reporting, privately offered Real Estate Investment Trust (REIT) that acquires and holds freestanding, single-tenant, net-leased properties. It is focused on generating predictable, tax-sheltered cash flow and attractive total return for Shareholders. The REIT is externally managed by Broadstone Real Estate, LLC, and has no direct employees.
Founded by the Leenhouts and Tait families, who previously founded Home Properties*, a multifamily apartment REIT which went public in 1994 and operated as such until the company’s acquisition for $7.6 billion in October, 2015, Broadstone Net Lease began admitting outside shareholders on December 31, 2007. Today, there are 3,650+ investors whose shares are collectively worth more than $1.5 billion, including the contribution of more than $104 million of properties to the REIT through UPREIT transactions. Since inception, share price has increased from $50 to $85, and distributions have grown from $3.50 to $5.28 per share.
*Broadstone Real Estate, its principals and affiliated REITs are not currently affiliated with Home Properties