Broadstone REIT Adds Six Properties to Its Net-Lease Portfolio

Jan 05, 2010, 09:25 ET from Broadstone Real Estate, LLC

ROCHESTER, N.Y., Jan. 5 /PRNewswire/ -- Broadstone Real Estate, LLC today announced that Broadstone Net Lease, Inc. (BNL) recently acquired one AM/PM convenience store in Mayfield Heights, Ohio and five American Family Dental office properties in the greater Savannah, Georgia area. The combined purchase price for the six properties was $5.38 million. The initial lease terms run for 15 to 20 years, and include annual rent escalations

Broadstone Net Lease, Inc. is a private Real Estate Investment Trust (REIT) formed in 2007 to invest in a diversified portfolio of freestanding, single-tenant, net-leased properties located throughout the United States. BNL is externally managed by Broadstone Real Estate, LLC and Broadstone Asset Management, LLC. The fund sponsors are Norman Leenhouts, Amy Tait and Robert Tait. BNL currently owns 54 properties located in 16 states. Additional information can be found at

SOURCE Broadstone Real Estate, LLC