Broadstone Net Lease Raises $350M in Senior Notes Due 2032, Diversified Net Lease REIT Focuses on Industrial, Healthcare, and Retail Properties

Broadstone Net Lease, an industrial-focused REIT, has priced $350 million in senior notes due 2032. The company invests in single-tenant commercial real estate properties leased on a long-term basis to a diversified group of tenants. Its portfolio comprises approximately 796 properties with 38.3 million rentable square feet of operational space, occupied by over 220 different commercial tenants.

Broadstone Net Lease (NYSE: BNL), an industrial-focused Real Estate Investment Trust (REIT), has successfully priced $350 million in senior unsecured notes due in 2032. The notes, with a 5.000% coupon rate, were priced at 99.151% of their principal amount and will mature on November 1, 2032. The closing of the offering is expected to occur on September 26, 2025 Broadstone Net Lease prices $350 million senior notes due 2032^[1].

The funds raised from this offering will be utilized for several purposes, including potential acquisition opportunities, repaying amounts outstanding under BNL’s $1 billion revolving credit facility, term loans, and other indebtedness, as well as for general corporate and working capital needs Broadstone Net Lease prices $350 million senior notes due 2032^[1].

Broadstone Net Lease operates by investing in single-tenant commercial real estate properties leased on a long-term basis to a diversified group of tenants. The company's portfolio currently comprises approximately 796 properties with 38.3 million rentable square feet of operational space, occupied by over 220 different commercial tenants Broadstone Net Lease prices $350 million senior notes due 2032^[1].

The company's latest financial performance indicates a thriving business model, with the second-quarter 2025 earnings call revealing an increase in adjusted funds from operations (AFFO) guidance to $1.48–$1.50 per share as the build-to-suit pipeline expands Broadstone Net Lease prices $350 million senior notes due 2032^[1].

Separately, Pacific Elm Properties announced the formation of 3-O Real Estate Partners, a vertically integrated, hospitality-driven real estate development, management, and investment platform. This partnership aims to develop and operate premier retail and mixed-use projects in key markets such as Dallas, Austin, Houston, San Antonio, Nashville, and Los Angeles. The combined portfolio of these projects exceeds $4 billion in development and over two million square feet under management Pacific Elm Properties Announces Formation of 3-O Real Estate Partners with Ignite-Rebees^[2].

The principals of 3-O Real Estate Partners bring extensive experience in real estate development, investment, value-add operations, and hospitality management. The new platform is designed to create unique, culturally significant real estate projects that command premium valuations and deliver long-term value for partners and tenants Pacific Elm Properties Announces Formation of 3-O Real Estate Partners with Ignite-Rebees^[2].