Broadstone REIT Adds Two Medical Office Properties To Its Net-Lease Portfolio

ROCHESTER, N.Y., May 7 /PRNewswire/ -- Broadstone Real Estate, LLC today announced that Broadstone Net Lease, Inc. (BNL) recently closed on two sale-leaseback transactions of medical office buildings described below. The combined purchase price was $9.5MM.

BNL purchased a third Physicians Immediate Care site on March 15, 2010. The property is an urgent care center located in Loves Park, IL. On May 6, 2010, BNL acquired a medical office complex located in Houston, Texas. The tenant of the office is "1960 Family Practice". General practitioners, urgent care services, MRI and lab facilities, and other services are all offered on site.

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 56 properties located in 16 states.  Additional information can be found at www.BroadstoneRE.com.

SOURCE Broadstone Real Estate, LLC

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