secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0000950170-24-041065
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadstone sells $251.7M healthcare properties, builds $282.7M pipeline
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- Invested $40.1M in Q1, including $37.1M development for UNFI facility in Sarasota with ~7.2% stabilized yield.
- Sold 37 healthcare properties for $251.7M at a 7.9% cap rate; healthcare now 13.4% of ABR.
- Committed $282.7M: $202.8M acquisitions under control, $74.1M development, $5.8M capex.
- Portfolio 99.2% leased, 99.0% rent collection; only 3 of 759 properties vacant.
- Net proceeds from sale to be redeployed into investments under control; closings expected April-May 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024041065/0000950170-24-041065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024041065/bnl-20240403.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-041065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer