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Benefit Street Partners Acquires Assets from Broadstone Real Estate

Benefit Street Partners Appointed Advisor to Two Real Estate Funds

NEW YORK – February 11, 2020 – Benefit Street Partners (“BSP”), a leading credit-focused alternative asset management firm with $27 billion in assets under management, today announced the purchase of certain real estate related assets from Broadstone Real Estate, LLC (“Broadstone”). Continue reading

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Broadtree Residential, Inc. Acquires 296-Unit Multifamily Community in Sandy Springs, GA

Broadtree Residential, Aspire Perimeter

Private Multifamily Fund Adds ‘Aspire Perimeter’ to Portfolio

 ROCHESTER, N.Y.Broadtree Residential, Inc. (“Broadtree”, “BTR” or the “Fund”), an open-ended, continuously offered, multifamily fund managed by Broadstone Real Estate, LLC (“Broadstone”), today announced the acquisition of Aspire Perimeter, a 296-unit multifamily apartment community in Sandy Springs, GA, which is part of the Atlanta metro. Continue reading

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Broadtree Residential, Inc. Acquires 268-Unit Multifamily Community in Pensacola, FL

Private Multifamily Fund Adds ‘West Woods Haven’ to Portfolio via UPREIT Transaction

ROCHESTER, N.Y.Broadtree Residential, Inc. (“Broadtree”, “BTR” or the “Fund”), an open-ended, continuously offered, multifamily fund managed by Broadstone Real Estate, LLC (“Broadstone”), today announced the acquisition of West Woods Haven, a Class A, 268-unit multifamily apartment community in Pensacola, FL. Continue reading

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Broadtree Residential, Inc. Expands Revolving Line of Credit to $300 Million

ROCHESTER, N.Y. – Broadtree Residential, Inc. (“Broadtree”), a private real estate investment trust (“REIT”) managed by Broadstone Real Estate, LLC (“Broadstone”), together with Broadtree Residential, LLC as borrower, announced the expansion of its existing senior secured revolving line of credit (the “Revolver”) from $100 million to $300 million. The company also amended the agreement to increase the remaining accordion feature, allowing for future expansion up to $500 million of total borrowing capacity. Continue reading

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Broadtree Residential, Inc. Acquires $137.5 Million Multifamily Portfolio via UPREIT Transaction

Private REIT Adds Three-Property, 633-Unit Portfolio, Seeks Additional Multifamily Acquisitions

ROCHESTER, N.Y. – Broadtree Residential, Inc. (“Broadtree”, “BTR”, or the “REIT”), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), today announced the $137.5 million acquisition of three Class A multifamily apartment communities from affiliates of Chesapeake Realty Partners (CRP) in Broadtree’s inaugural UPREIT transaction. Continue reading

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Broadtree Residential, Inc. Secures $100 Million Revolving Line of Credit with JPMorgan Chase

ROCHESTER, N.Y. – Broadtree Residential, Inc. (Broadtree), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), together with Broadtree Residential, LLC (the Operating Company) as borrower, announced it has obtained a $100 million senior secured revolving line of credit (the “Revolver”) with JPMorgan Chase. Continue reading

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Broadtree Residential, Inc. Acquires 370-Unit Apartment Community in Norcross, GA

Private REIT Adds ‘The Reserve at Gwinnett’ to Portfolio, Seeks Additional Multifamily Acquisitions

ROCHESTER, N.Y. – Broadtree Residential, Inc. (Broadtree), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), today announced the acquisition of The Reserve at Gwinnett, a 370-unit multifamily apartment community in Norcross, Georgia for a purchase price of $51.0 million. Continue reading

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Broadtree Residential, Inc. Acquires Walden Ridge Apartment Community in Kennesaw, GA

Private REIT Begins Accepting New Equity Capital in November

ROCHESTER, N.Y. – Broadtree Residential (Broadtree), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), today announced the acquisition of the REIT’s third multifamily apartment community, and the re-launch of capital raising activities to fund the continued growth of the REIT. Continue reading