Private REIT Now Owns 211 Properties in 31 States
ROCHESTER, N.Y. –Broadstone Net Lease (BNL,) a private Real Estate Investment Trust (REIT) managed by Broadstone Real Estate, LLC, continues to build the size, diversification, and quality of its net leased portfolio. Today, the REIT announced that it has acquired 19 properties for more than $52.6 million thus far in 2014, and now has a total market capitalization of more than $800 million.
The acquisitions included a portfolio of 16 Wendy’s restaurants in four states, a Golden Corral restaurant in Lexington, KY, a Shemin Landscape Supply location in Greenwich, CT and an industrial facility of the Port City Group located in Norton Shores, MI. The REIT has also selectively sold properties this year, totaling more than $13.5 million. In total, Broadstone Net Lease has increased its holdings to 211 properties in 31 states.
