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Broadstone Net Lease, Inc. Reports 2020 First-Quarter Results and Provides Update on Impacts of the COVID-19 Pandemic

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,” ”we,” or ”us”), an internally-managed real estate investment trust (“REIT”), today announced operating results for the quarter ended March 31, 2020, and provided an update on the impacts of the COVID-19 pandemic on its business and results of operations. All per share amounts presented in this press release are on a diluted per share basis unless stated otherwise.

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Broadstone Net Lease, Inc. Announces Completion of Management Internalization

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL”) today announced that it has successfully completed the internalization of its management pursuant to the previously announced transaction with Broadstone Real Estate, LLC (the “Former Manager”) and its affiliates through a series of transactions involving the acquisition of the Former Manager by BNL’s operating company, Broadstone Net Lease, LLC (the “Internalization”). Continue reading

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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 Net Lease, Inc. Acquires $735.7 million Industrial Portfolio

Transaction is Broadstone Net Lease’s Largest-ever Portfolio Acquisition

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,” “we,” “our,” or ”us”) has announced the acquisition of a portfolio of 23 industrial and office/flex assets that are fully leased and include 6.9 million rentable square feet of operational space for an aggregate purchase price of approximately $735.7 million, excluding capitalized acquisition expenses. The portfolio has a weighted average remaining lease term of approximately 11.5 years and weighted average annual rent increases of approximately 2.2%. Continue reading

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Broadstone Net Lease, Inc. Reports 2019 Second Quarter Performance

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,” ”we,” or ”us”), a privately offered real estate investment trust (“REIT”) managed by Broadstone Real Estate, LLC (“Broadstone”), today filed with the Securities and Exchange Commission (“SEC”) its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2019 (the “Q2 2019 10-Q”), which is available free of charge on the SEC’s public website and on our website at: http://investors.bnl.broadstone.com.

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