Chris Czarnecki, president and CEO of Broadstone Real Estate, joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.
Czarnecki commented on ways in which Broadstone Net Lease is building upon the momentum it achieved in 2018. He pointed to cost-effective access to capital, acquisition volume, and prudent portfolio management as key factors the company will continue to concentrate on this year.
Broadstone Net Lease has been focused on dispositions of smaller, non-core assets, Czarnecki said. As for acquisitions, “it’s always a tough battle for new properties,” he said. Czarnecki added that the company is continuing to think more broadly about where to invest, including making more investments in the cold storage area.
Turning to Broadtree Residential, Czarnecki said the focus is on core, stabilized assets. In primary markets, Broadtree favors class-B space. In secondary markets, Broadtree is looking at higher quality assets that can be owned for 15 or 20 years.
Czarnecki also discussed the recently-launched Broadstone Real Estate Access Fund.