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Broadstone Net Lease Updates On Its Healthcare Portfolio Simplification Strategy; Anticipates Reduction In Healthcare Exposure From 17.6% Of ABR At End Of 2023 To 11.3%

Benzinga ·  04:13
  • Through June 30, 2024 and as previously reported, it has sold 38 clinically-oriented healthcare properties for gross proceeds of $262.2 million at a weighted average capitalization rate of 7.84%.
  • As of July 2, 2024, a third-party purchaser has completed due diligence procedures with respect to the purchase of an additional 15 clinically-oriented healthcare properties from the Company pursuant to a previously executed purchase and sale agreement
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