The Broadstone team benefits from the collective wisdom and experience of five decades in the real estate business.
Asset Management Services
Broadstone Asset Management, LLC, oversees the strategic planning, investment and financing activities conducted for the benefit of shareholders of Broadstone Net Lease and Broadtree Residential as well as other investors.
Broadstone managers have overseen billions of dollars in property acquisitions, debt and equity financing and dispositions through both public and private ownership vehicles. We’re comfortable pursuing new acquisitions opportunities, some of which may be offered to accredited investors or through joint venture arrangements.
Broadstone Asset Management currently actively manages two privately offered real estate investment trusts (REITs):
A REIT is a corporation with special tax treatment that combines the capital of many investors to acquire and/or provide financing for all forms of real estate. A REIT is in many ways like a mutual fund for real estate with investors obtaining the benefit of a diversified portfolio under professional management.
Some REITs, like Broadstone Net Lease, use an entity structure called an UPREIT to allow property owners interested in selling their properties to convert their ownership of one or more of their specific real estate properties into an operating company unit which can be immediately or eventually converted into‚ a private or public security on a tax deferred basis. As such instead of recognizing significant taxable gains in a cash sale of a highly appreciated property with a low tax basis, by contributing the property to the REIT through an UPREIT transaction‚ the contributing property owner’s historical cost basis is maintained. If the operating partnership units are gifted to others or end up in the owner’s estate‚ the ultimate recipient will receive a stepped-up basis equal to the value at transfer/death and the inherent gain resulting from the UPREIT transaction will not be subject to capital gains or income tax.
Commercial Property Services
A family tradition that goes back many decades, Broadstone Real Estate’s roots run deep when it comes to spotting a good value in an acquisition and serving valued tenants. We’re proud of our long-term relationships with tenants, sellers, and investors, built on providing comfortable environments, superior customer service, and stable returns. Our experienced team works aggressively to exceed expectations for every single constituent.
Our Commercial Property Services include a full menu of offerings, including leasing, building maintenance, financial reporting, owner representation, and complete brokerage services for a variety of commercial properties.
Today Broadstone Real Estate Commercial Property Services acquires and manages single tenant absolute triple net leased properties for Broadstone Net Lease and is a third party property manager for commercial, retail and office space.
Learn more about Broadstone Net Lease Acquisitions.
What is an UPREIT?
What is an UPREIT transaction?
How long is the tax deferred?
Benefits of an UPREIT
More on OP Units
Like Stock‚ but Not
How are OP Units valued?
Can OP Units be sold?
Can OP Units be used as collateral for a loan?
Who are good candidates for UPREIT transactions?
Tax deferred methods