Broadstone Net Lease, Inc.

Broadstone Net Lease, Inc. (BNL), already reporting to the SEC, moved up to NYSE on Sep 17, 2020 with an offering at $17.00 per share raising $569.5M. J.P. Morgan was lead-left underwriter, joined by Goldman Sachs, BMO Capital Markets and Morgan Stanley and others. Fried Frank and Ballard Spahr advised the company and Clifford Chance advised the underwriters.

Broadstone Net Lease, Inc. is an internally managed REIT, formed in 2007, that owns primarily single-tenant commercial properties in the United States leased on long-term net leases. Its holdings span industrial, healthcare, restaurant, office and retail properties.

Status

Uplisting

Ticker

BNL

Exchange

NYSE

Listed

Sep 17, 2020

Price

$17.00

Raised

$569.5M

Market cap at IPO price

$2.4B

First filed

Aug 4, 2020

Underwriters

J.P. Morgan, Goldman Sachs, BMO Capital Markets, Morgan Stanley, Capital One, Truist, BTIG, KeyBanc and Ramirez & Co.

Company counsel

Fried Frank and Ballard Spahr

Underwriters' counsel

Clifford Chance

Sector

Real estate & finance

Country / state

NY