Global Net Lease, Inc. announced on June 23, 2025, the completion of the third and final phase of its multi-tenant portfolio sale to RCG Ventures, LLC, which closed on June 18, 2025. This final phase included 12 encumbered properties and generated approximately $313 million in gross proceeds.
The successful completion of all three phases brings the total gross proceeds from the multi-tenant portfolio sale to $1.8 billion. This divestiture marks the final step in GNL's evolution into a pure-play single-tenant net lease company, streamlining its portfolio and sharpening its strategic focus.
The transition is expected to generate approximately $6.5 million in recurring annual General & Administrative (G&A) savings, along with additional cash savings from a substantial reduction in annual capital expenditures. GNL plans to use the incremental net proceeds to further reduce leverage by paying down its Revolving Credit Facility.
This strategic move is anticipated to create significant operational efficiencies by eliminating the complexities associated with managing multi-tenant retail properties. The strengthened balance sheet and improved liquidity position GNL for continued growth and value creation for shareholders, with a focus on achieving an investment-grade credit rating.
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