Broadstone Inks Hobby Lobby, Academy Sports as Manor Tenants
Why this matters
Land continues to behave as the highest-conviction long-duration bet in CRE. In supply-constrained luxury markets, replacement-cost-positive entitlements remain scarce; in growth-corridor exurbs, sponsors with patient capital are accumulating positions ahead of the next residential or industrial pipeline. The trade is a basis call, not an income call, and continues to attract family-office and high-net-worth capital that can hold through the cycle.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed land deal value tracked in September 2026: $468.5M across 4 reported transactions. All Land coverage →
Computed from Real Estate Trail’s own tracked coverage
Broadstone Net Lease (BNL) secured land in Manor and started construction on build-to-suit developments for Hobby Lobby and Academy Sports, both of which were directly sourced, off-market transactions, and are expecte…
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