Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
Saks Global to End Saks on Amazon Partnership Amid Bankruptcy Restructuring 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
ROCHESTER, N.Y., May 30, 2017 -- Broadstone Net Lease, Inc. (BNL), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), continues to grow its national portfolio of triple-net leased commercial properties. Today, BNL announced the sale leaseback acquisition of a portfolio of 25 Bob Evans Restaurant locations in eight states, for a total purchase price of approximately $48.9 million. The properties are located in Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, and West Virginia.
|
|||
On April 28, 2017, an affiliate of Golden Gate Capital (GGC) acquired Bob Evans Restaurants from Bob Evans Farms, Inc.
“BNL’s sale leaseback acquisition of the Bob Evans portfolio further adds to and diversifies our REIT’s retail holdings,” said Chris Czarnecki, CEO of Broadstone. “BNL has now surpassed $2.2 billion in assets, and looks forward to announcing additional acquisitions in the coming months.”
About Broadstone Net Lease:
Broadstone Net Lease (BNL) invests in freestanding, single-tenant, triple-net leased properties located throughout the United States, primarily via sale and leaseback transactions. With a diversified portfolio of 449 medical, industrial and retail properties in 37 states, the REIT targets individual or portfolio acquisitions within the $10 to $200+ million range.
There are currently more than 2,000 shareholders in BNL, which is externally managed by Broadstone Real Estate, LLC. BNL remains open for new investment by accredited investors on a monthly basis, with a minimum investment of $500,000. Shares are offered directly by Broadstone via private placement. Please see certain important disclosures regarding BNL at broadstone.com/disclosures.
Accredited investors are invited to download an investor kit: broadstone.com/be.
Media Contact: Emma Bliss Senior Associate, Marketing [email protected] 585.287.6479
