Broadstone Net Lease’s $400 Million Equity Distribution Program

Fried Frank acted as counsel to Broadstone Net Lease on the deal.

Broadstone Net Lease, Inc. (BNL), an internally-managed real estate investment trust (REIT), executed the establishment of an equity distribution program for the company’s common stock having an aggregate offering price of US$400 million.

BNL is a US$4.1 billion REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. 

The Fried Frank team was led by corporate partner Stuart A. Barr (Picture) and included corporate partner Darren Littlejohn, tax partners Cameron N. Cosby and Joseph E. Fox, corporate special counsel Edward Welch, corporate associates Marie Kwon and Karina G. Maas, and tax associate Caleb Frey.

Involved fees earner: Stuart Barr – Fried Frank Harris Shriver & Jacobson; Cameron Cosby – Fried Frank Harris Shriver & Jacobson; Joseph Fox – Fried Frank Harris Shriver & Jacobson; Caleb Joseph Frey – Fried Frank Harris Shriver & Jacobson; Marie Kwon – Fried Frank Harris Shriver & Jacobson; Darren Littlejohn – Fried Frank Harris Shriver & Jacobson; Karina Maas – Fried Frank Harris Shriver & Jacobson; Edward Welch – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Broadstone Net Lease, Inc.;

Author: Martina Bellini