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%
$BNL
Real Estate Investment Trusts
Real Estate
- 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