Acquiring Company
Global Net Lease
Acquired Company
Modiv Industrial
Description
Global Net Lease has announced an all-stock acquisition of Modiv Industrial, aiming to enhance its industrial portfolio. The transaction is projected to close in Q3 2026, contributing around 4% to adjusted funds from operations per share. This strategic move reflects Global Net Lease's goal to bolster its industrial exposure while minimizing office concentration.
Quick answer
Global Net Lease is acquiring Modiv Industrial, announced May 10, 2026. Global Net Lease is based in New York, New York, United States.
- How much did Global Net Lease pay for Modiv Industrial?
- The deal value was not disclosed.
- What does Global Net Lease do?
- Global Net Lease, Inc. (NYSE: GNL) is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and..
- Where are Global Net Lease and Modiv Industrial based?
- Global Net Lease is based in New York, New York, United States. Modiv Industrial is based in Reno, Nevada, United States.
- Who are the decision-makers at Global Net Lease?
- Fundz holds 2 contacts at Global Net Lease. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Related People
Frequently asked
Who acquired Modiv Industrial?
Modiv Industrial was acquired by Global Net Lease, based in New York. The deal was reported on May 10, 2026. Global Net Lease, Inc. Global Net Lease is publicly traded (GNL) and operates in Real Estate.
When did Global Net Lease acquire Modiv Industrial?
Global Net Lease's acquisition of Modiv Industrial was reported on May 10, 2026. Global Net Lease has announced an all-stock acquisition of Modiv Industrial, aiming to enhance its industrial portfolio. The transaction is projected to close in Q3 2026, contributing around 4% to adjusted funds from operations per share. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Modiv Industrial do?
Modiv Industrial, Inc. is the only public REIT exclusively focused on acquiring industrial manufacturing real estate. The company announced its first quarter 2024 results, demonstrating growth in rental income and AFFO. It is privately held, operating in Manufacturing, and is based in Reno.
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