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Global Net Lease Closes First Phase of Multi-Tenants Portfolio Sale
Mar 26, 2025•about 1 year ago
Contract Type
contract
New YorkReal EstateReal Estate Investment
Description
Global Net Lease, Inc. successfully closed the first phase of the sale of its multi-tenant portfolio to RCG Ventures, LLC, with the initial phase including 59 unencumbered properties and totaling approximately $1.1 billion in gross proceeds upon closing. The company expects to complete the sale of the 41 encumbered properties in two additional phases by the end of the second quarter of 2025, using the net proceeds to significantly reduce leverage and pay down the outstanding balance on GNL’s Revolving Credit Facility.
Company Information
Company
Global Net Lease
Location
New York, New York, United States
About
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 Western and Northern Europe.
New YorkReal EstateReal Estate Investment