Broadstone Sees Expansion in Net Lease, Single-Family Rental Platforms

Chris Czarnecki, CEO of Broadstone Real Estate, LLC, joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown.

Czarnecki was promoted to CEO of the private REIT in February. He noted that some of his major goals in the new role include maintaining consistency with investors and growing the employee base to ensure the company has enough expertise to handle the growth of its net lease and single-family rental home platforms.

Broadstone Net Lease became a public filer for the first time this spring, Czarnecki said, and has also undertaken some more complicated capital markets transactions.

Meanwhile, the single-family rental platform Broadtree Residential is growing quickly, Czarnecki noted, and increasing capital raising is important.

“We’re looking to be the low-cost, low-fee leader for the high net worth investor,” Czarnecki said.

Looking broadly at the single-family rental market, Czarnecki observed that consolidation is still happening rapidly.

“Portfolios are trading and we are looking to be a consolidator,” Czarnecki said.