Amy L. Tait Not to Stand for Reelection to Board of Directors of Broadstone Net Lease, Inc
January 11, 2021 at 04:30 pm IST
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Broadstone Net Lease, Inc. announced that, following 15 years of service to Broadstone Net Lease, Chairman of the Board and Co-Founder, Amy L. Tait, has elected not to stand for reelection to the Company’s Board of Directors at BNL’s next annual meeting, which the Company intends to hold in May 2021 (the “2021 Annual Meeting”). In order to provide sufficient time to conduct a search for a new director in time for the 2021 Annual Meeting, Ms. Tait notified the Company of her decision on January 5, 2021. Ms. Tait served as the Company’s Chief Executive Officer from inception through 2017 before transitioning into her current role as BNL’s non-executive Chairman of the Board.
As part of the transition, BNL’s Board of Directors intends to appoint Laurie A. Hawkes, who currently serves as the Board’s Lead Independent Director, to serve as Chairman of the Board beginning at the 2021 Annual Meeting. Ms. Hawkes has served on BNL’s Board of Directors since 2016 and has more than 40 years of experience in the real estate industry, most recently serving as a co-founder, director, president, and chief operating officer of American Residential Properties, Inc.
Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust (REIT). The Company invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company leases industrial, healthcare, restaurant, retail, and commercial office properties under long-term lease agreements. It is focused on investing in real estate that is operated by single tenants in industries. It owns a portfolio of approximately 796 individual commercial properties with 789 properties located in 44 U.S. states and seven properties located in four Canadian provinces. Its portfolio comprises approximately 38.3 million rentable square feet of operational space and is diversified based on property type, geography, tenant, and industry. Its properties are occupied by over 220 different commercial tenants who operate 208 different brands that are diversified across 53 differing industries.