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%
Portfolio Pulse from Benzinga Newsdesk
Broadstone Net Lease (BNL) is simplifying its healthcare portfolio, reducing its healthcare exposure from 17.6% to 11.3% of ABR by the end of 2023. The company has sold 38 healthcare properties for $262.2 million and is in the process of selling an additional 15 properties.
July 02, 2024 | 8:13 pm
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Broadstone Net Lease (BNL) is reducing its healthcare exposure from 17.6% to 11.3% of ABR by the end of 2023. The company has sold 38 healthcare properties for $262.2 million and is in the process of selling an additional 15 properties.
The reduction in healthcare exposure and successful sales of properties indicate a strategic shift and potential for improved financial stability. This could positively impact BNL's stock price in the short term.
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