BROADSTONE NET LEASE ACQUIRES 19 PROPERTIES FOR $52.6 MILLION

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ROCHESTER, N.Y. — Rochester-based Broadstone Net Lease (BNL), a private REIT managed by Broadstone Real Estate LLC, 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, Conn.; and an industrial facility of the Port City Group located in Norton Shores, Mich. 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.

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