Broadstone REIT Adds Two Properties to its Net-Lease Portfolio

ROCHESTER, N.Y., Aug. 26 /PRNewswire/ -- Broadstone Real Estate, LLC today announced that Broadstone Net Lease, Inc. (BNL) recently completed two acquisitions of triple net-leased properties described below. The combined purchase price was $13.9MM.

On August 25, 2010, BNL acquired a 39,900 square foot office building located in Rochester, NY for $11.7MM. The tenant of the office is ADT Security Services, a subsidiary of Tyco International Ltd. The property serves as ADT's national service dispatch center and is leased through 2023. On July 10, 2010, BNL purchased a Kum & Go brand convenience store located in Stillwater, OK. The Kum & Go acquisition was a sale-and-leaseback transaction; the initial lease term is for 20 years and the acquisition price was $2.1MM.

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 58 properties located in 17 states.  Additional information can be found at www.BroadstoneRE.com.

SOURCE Broadstone Real Estate, LLC

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