Broadstone provides healthcare portfolio sale update; total dispositions expected $342.5M

Broadstone Net Lease, Inc.

Sold 38 healthcare properties for $262.2M; pending sale of 15 more for $80.3M at 7.96% cap rate.
Expected healthcare exposure reduction from 17.6% to 11.3% of ABR by end of 2024.
Proceeds anticipated to be fully redeployed into industrial, retail, and restaurant assets.
Q2 2024 earnings release scheduled for July 30, 2024; conference call on July 31, 2024.

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