Broadstone Real Estate, a privately-owned investment manager, has withdrawn the registration statement for its $1 billion interval fund offering, the Broadstone Real Estate Access Fund Inc. The fund had not yet commenced a public offering and had no shareholders.
Broadstone Real Estate Access Fund originally filed its registration statement in October 2017 and planned to invest in commercial real estate, private real estate investment funds, publicly traded real estate-related securities, and commercial real estate debt.
No reason was given for the withdrawal.
Broadstone is a sponsor and manager of diversified real estate investment offerings for accredited investors and institutions seeking alternatives to the public equity markets. The company currently sponsors two private real estate investment trusts, Broadstone Net Lease Inc. and Broadtree Residential Inc.