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Broadstone Real Estate Access Fund Announces Liquidation Distribution

BDREX Interval fund

NEW YORK, N.Y. –Broadstone Real Estate Access Fund (“BDREX” or the “Fund”), a closed-end interval fund, registered under the Investment Company Act of 1940, announced a liquidating distribution of $4.3024 per share for Class I and Class W. This represents a distribution of $20.7M or 67% of the Fund’s net asset value as of August 24, 2021. The distribution is payable on August 25, 2021 to shareholders of record as of August 23, 20211. BDREX is managed by Benefit Street Partners, L.L.C. (“BSP”).

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News

Broadstone Real Estate Access Fund Announces Liquidation Distribution

BDREX Interval fund

NEW YORK, N.Y. – Broadstone Real Estate Access Fund (“BDREX” or the “Fund”), a closed-end interval fund, registered under the Investment Company Act of 1940, announced a liquidating distribution of $3.1593 per share for Class I and Class W. This represents a distribution of $16M or 34% of the Fund’s net asset value as of April 19, 2021. The distribution is payable on April 22, 2021 to shareholders of record as of April 19, 20211. BDREX is managed by Benefit Street Partners, L.L.C. (“BSP”). Continue reading

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Broadstone Real Estate Access Fund Announces Q4 2020 Shareholder Distribution

BDREX Interval fund

NEW YORK, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940, announced a quarterly distribution $0.1210 per share for Class I and $0.1149 for Class W. This equates to an annualized distribution rate[1] of 5.089% for Class I shares and 4.838% for Class W shares. Continue reading

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Broadstone Real Estate Access Fund adds allocations to Goldman Sachs and New York Life sponsored Funds

NEW YORK, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940, announced today it added two institutional core real estate funds sponsored by Goldman Sachs and New York Life to its portfolio.  This expands BDREX’s private fund holdings to a total of 10 which also include funds sponsored by USAA, CBRE and Clarion. BDREX is managed by Benefit Street Partners, L.L.C. (“BSP”). Continue reading

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Broadstone Real Estate Access Fund Announces Q3 2020 Shareholder Distribution

BDREX Interval fund

NEW YORK, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940, announced a quarterly distribution $0.1210 per share for Class I and $0.1149 for Class W. This equates to an annualized distribution rate[1] of 5.12% for Class I shares and 4.86% for Class W shares. Continue reading

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Broadstone Real Estate Access Fund Announces Q2 2020 Shareholder Distribution

NEW YORK, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed- end interval fund, registered under the Investment Company Act of 1940, announced a quarterly distribution $0.1205 per share for Class I and $0.1144 for Class W. This equates to an annualized distribution rate[1] of 5.07% for Class I shares and 4.82% for Class W shares. Continue reading

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Benefit Street Partners Acquires Assets from Broadstone Real Estate

Benefit Street Partners Appointed Advisor to Two Real Estate Funds

NEW YORK – February 11, 2020 – Benefit Street Partners (“BSP”), a leading credit-focused alternative asset management firm with $27 billion in assets under management, today announced the purchase of certain real estate related assets from Broadstone Real Estate, LLC (“Broadstone”). Continue reading

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Broadstone Real Estate Access Fund Announces Q4 2019 Shareholder Distribution

ROCHESTER, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940, today announced a quarterly distribution of $.385 per share for Class I and $.378 for Class W. This equates to an annualized distribution rate[1] of 14.6% for Class I shares and 14.3% for Class W shares. Continue reading

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Broadstone Real Estate Access Fund Announces Q3 2019 Shareholder Distribution

ROCHESTER, N.Y. – Broadstone Real Estate Access Fund (“BDREX”), a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940, today announced a quarterly distribution of $0.2350 per share for Class I and $0.2275 for Class W. This equates to an annualized distribution rate[1] of 8.7% for Class I shares and 8.4% for Class W shares. Continue reading